Types of E-Commerce

There are four main types of E-Commerce.

1. Business to Consumer (B2C): It refers to the process of businesses selling products and services directly between business to consumer

2. Business to Business (B2B): is a transaction conducted between one business and another such as wholesaler and retailer

3. Consumer to Consumer (C2C): It represents a market environment where one customer purchases goods from another customer using a third-party business to facilitate the transaction.

4. Consumer to Business (C2B): A consumer sells their own products or services to a business or organization

Example of E-Commerce

1. Retail
2. Wholesale
3. Drop shipping
4. Crowdfunding
5. Subscription
6. Physical products
7. Digital products
8. Services

Advantage of E-Commerce

• No reach limitations
• Cost reduction
• Flexibility for customers.
• Faster response to buyer/market demands
• Store and product listing creation
• Product and price comparison
• Faster buying process

Uses of E-Commerce

• E-Commerce can also help your business processes and information flows by authorize you to communicate with other businesses faster and more efficiently.
• If you already sell goods or services in off-line situations  now you have the option of selling your goods and services online to a much wider audience and at times not defined by normal trading hours.
• E-Commerce allows you to build better relation with your customers and find new customers as you are now global instead of local.

E-Commerce Website Legal Requirements

Before you start your e-commerce website you need to know it is legally compliant with the data privacy laws that are appropriate to your viewer's region. GDPR and CCPA are the two of the first regulations that directly impact data collection, use, and storage on a widespread scale.

Here some of the policies which you need to set up on your E-Commerce website:

1. Privacy Policy
2. Terms and Conditions
3. Disclaimers ( related to your product, service, content or affiliate revenue)

These are some of the basic policies you need to communicate clearly to your visitors. Except this, if your website uses cookies, then you need to make sure you get your users’ permission as well, to store their data in the cookies.