Classification of fundamental models of e-business
B2B: Business to business model of e-business
It focuses to provide products from one business to another business. This model works in a closed environment with other businesses. Most of the companies that are service providers including software firms, supply units, furniture business, are included in this type of model.
B2C: Business to consumer type of e-business model
The B2C type of e-commerce model is the very common type of e-business model as whenever we think of e-business, this type of model comes to our mind. This a very traditional type of e-commerce model where businesses sell their products directly to the consumers. Examples of this type of e-commerce model can be seen everywhere, mostly including the online retailers.
C2C: Consumer to consumer type of e-business model
Most of the time when we think of e-business the common models, which comes to our minds, is B2B and B2C, but the model of C2C type of e-commerce model is really different. Basically, with the idea of providing goods from consumer to consumer there are various e-commerce platform which takes a small amount of commission and allows consumers to sell and buy products. For initiating a C2C type of e-business model requires a careful planning.
C2B: Consumer to business type of e-business model
This is another model that people usually do not think of when they think of e-commerce. But this type of e-commerce model is usually a growing model where an individual sells consumer goods and services to business, it can be called as a sole proprietorship selling to large businesses.
Process to choose the best model of e-business
In order to choose the best e-business model, a proper constructive business plan should be set-up. A good business plan will take lot of time but it would save a lot of money and will prepare individuals to handle the opportunities and challenges when commencing an e-commerce business. No one would take a risk of jumping out of a plane without a parachute, so without a concrete business plan no one would initiate an e-commerce business, as it is the safety device for a business. The planning of an e-commerce business is nothing but can be a brain storming process of the goals and concepts of the business that are realistic and operational on a digital platform. Apart from a concrete business plan in place, one should also take the following points into consideration:
Viability of the business
Roadmap to reach the desired goal
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