Three Kinds of E-Commerce
E-commerce is the exchange of goods and services between individuals, organizations, and businesses. Online directories, product and supply exchange sites and e-procurement interfaces are examples of this type of online trade. According to Forrester, by 2023, business-to-business e-commerce will account for 17% of all B2B sales in the United States. B2C e-commerce is a type of online commerce that focuses on long-term customer relationships. Large corporations frequently reorder products from B2C sellers, mainly if the seller's facilities are satisfactory. A B2C company must be able to comprehend and tailor its communications with customers to their specific requirements. Its customer base is primarily made up of private individuals, and B2C businesses must capitalize on this to build a loyal customer base. Another advantage of B2C e-commerce is that it can cross geographical boundaries. You can now reach potential customers in your community, across the country, and even around t