E-Commerce Write for Us
E-Commerce is also known as Internet Commerce or Electronic Commerce refers to the buying and selling of goods or services using the Internet, and the transfer of money and data to exexute these transctions E-Commerce is often use to refer to the sale of physical products online, but it can also describe any kind of commercial transaction that is facilitated through the Internet.
Where as Electronic Business refers to all aspects of operating an online business, E-Commerce refers specifically to the deal of goods and services The history of E-Commerce starts with the first ever online sale: on the August 11, 1994 a man sold a CD by the band Sting to his friend through his website NetMartket, an American retail platform.
This is the primary instance of a consumer buying a product from a business through the World Wide Web of E-Commerce as we commonly know it today.
Types of E-Commerce Models
There are Four types of E-Commerce models that can describe almost every transaction that takes place between consumers and businesses.
1. Business to Consumer:
When a business sells a good to an individual consumer(e.g. You buy a pair of shoes from an online retailer).
2. Business to Business:
When a business sells a good to another business ( e.g. A business sells software as a service for other businesses to use).
3. Consumer to Consumer:
When a consumer sells a good to another consumer ( e.g. You sell your old furniture on eBay to another consumer).
4. Consumer to Business:
When a consumer sells their own products to a business or organization ( e.g. An influencer offers exposure to their online audience in exchange for a free, or a photographer licenses their photo for business to use).
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