The Social Shepherd says that “in 2021, retail eCommerce sales were at $4.9 trillion U.S. dollars worldwide.” Over the next four years, it’s predicted this number will grow by 50%, reaching approximately $7.4 trillion by 2025. You can rest assured that online shopping is showing no signs of slowing down any time soon!
Types of eCommerce
There are seven types of eCommerce that your business may fit into, let’s take a look at them:
- B2C: Business-to-Consumer. For example, when you buy shoes from an online retailer, it’s a business-to-consumer eCommerce transaction.
- B2B: Business-to-Business. Such as a manufacturer and a wholesaler or retailer.
- C2C: Consumer-to-Consumer. Selling relationships, such as those seen on eBay or Amazon.
- D2C: Direct-to-Consumer. Sells products directly to the end customer, for example a subscription-based brand such as Netflix.
- C2B: Consumer-to-Business. Individual consumers make their products or services available for business buyers, like iStock.
- B2A: Business-to-Administration. Transactions made between online businesses and administrations. Products and services related to legal documents, social security, etc are examples of it.
- C2A: Consumer-to-Administration. C2A can include online consulting for education, online tax preparation, etc.
How to Know Which is The Best One for Your Business?
For Physical Goods
Any tangible products that can be purchased and sold offline or online are considered physical goods. The majority of these eCommerce companies will be either B2C or D2C brands, but some B2B vendors also sell physical goods.
For Digital Goods
No matter how much or how little experience you have as an online retailer or how much you aspire to be your own boss, digital products are a promising online sales channel. Digital goods can be downloaded items like printable artwork, music, or infographics, or they can be digital files like templates, tools, or online courses. This one has a wide range, you may want to use a B2C, B2B, C2B, C2A, or B2A.
For Services
Selling services entails providing a specialized service in exchange for money, such as freelance writing, influencer marketing, or online coaching. Although many service-based businesses are B2B, some B2C brands, like Fiverr, also provide good online services.
Why Hire Auxilium Technology to Help You With Your eCommerce Website Development
At Auxilium Technology, we know how important it is to develop a welcoming website that attracts new customers and brings back existing ones. With the help of our team of experts, we can hep you attract new clients, boost your website traffic, help you optimizing and maintain it, and much more!
We invite you to explore our section on eCommerce services, to find more about all the services and outstanding features we have for your website. When it comes to website design and development, Auxilium Technology is your best option. Schedule a call today at 301-519-9622 so you can learn more about our processes and costs.
