In daily English, “e-business” refers to any type of commercial transaction between a consumer and a service provider that occurs over the Internet. Even if this is a wonderful idea, we could be more particular and categorize e-businesses into six distinct groups, each with its own set of characteristics. This article will go into types of e-business in detail and provide some examples for your convenience.
If you want to generate fresh ideas, surprise people, and set your online business apart from the competition, you must understand your best business strategy and how to use it to your benefit.
Types of E-business
Most commonly, people define e-business as a form of business that exclusively operates online. The internet and social media make it easier for people to send and receive money, buy and sell goods and services, and exchange information.
Internet enterprises make this feasible. Because both e-commerce and e-business occur online, it is critical to understand what they have in common. Electronic commerce is a subfield of e-business as a whole. E-business encompasses all aspects of running a business online, whereas e-commerce focuses solely on purchasing and selling goods and services. You can use the types of e-business list below for research and educational purposes.
Consumer-to-administration (c2a)
A consumer-to-administration strategy encompasses all online contacts between individuals and the government. Here are some examples of how it may be applied: The term “teaching” can refer to a variety of activities, including knowledge dissemination and the establishment of online learning environments. Social Security functions in a variety of ways, including the exchange of information and the processing of funds. Filling out tax forms, making payments, and performing other associated chores, etc. It contains a wealth of health-related information, such as scheduling appointments, medical history, treatment expenses, and more. Governments should use ICT to enhance the usability and speed of government services. This approach is strongly related to the public management models of Business-to-Auditor (B2A) and Customer-to-Auditor (C2A).
Government – to – Business (g2b)
To communicate with businesses, governments employ websites based on the business-to-government (B2G) model. One of the numerous functions of these platforms is the ability to manage sales, bids, and application submissions.A “government-to-business” (G2B) partnership occurs when the government and a business collaborate. Many levels of government provide services or information to businesses in this manner via government websites or other IT solutions.
Business to Business (b2b)
An internet store, like a B2C store, can offer its products directly to customers. However, that user does not have to be an individual; it may be another business. In bilateral business-to-business (B2B) transactions, the amounts, requirements, and lead times are typically larger and tougher. If the purchase is for ongoing manufacturing processes, the terms of the agreement may compel the business placing the order to establish recurring goods.
Business to Consumer (b2c)
“Business-to-consumer” (B2C) E-commerce refers to online stores that sell directly to consumers. Business-to-consumer (B2C) companies are those that purchase goods from one business and then resell them to another. This type of business plan can be used to sell both things (such as a website for your local sports store) and services (such as a lawncare app that allows clients to schedule landscaping appointments). This is what most people envision when they hear the term “e-business.” This is the most frequent way for a business to operate.
Consumer-to-consumer (c2c)
This business idea allows a consumer to make money by selling old items and services to other customers online. This website uses a third-party platform to handle sales. There are similar marketplaces, such as OLX and Quickr.
Government – to – Citizen (g2c)
Governments communicate with citizens through websites that follow the G2C paradigm. These websites facilitate online auctions for vehicles, trucks, and other items. Not only does this website provide a variety of services, but you can also register for crucial records such as birth, marriage, and death certificates. The primary purpose of government-to-citizen websites is to reduce the time it takes to respond to citizen requests for various types of government services.
Consumer-to-business (c2b)
A business-to-business model is fundamentally different from a business-to-consumer strategy. The first involves firms selling their products and services to customers. The second option allows users to sell to businesses. In crowdsourcing initiatives, people widely employ this strategy. They frequently use logos, media, and design elements that belong to no one.
Consumer to Government (c2g)
Consumer-to-government ties can cause firms, organizations, or governments to communicate with their customers in unexpected ways. People in these types of partnerships typically share responsibilities rather than providing each other with services. You can send your federal tax return to the IRS’s internet site to demonstrate a data-exchange e-business transaction. You might also use your university’s online campus payment system to pay your fees or submit your property tax assessments to the county assessor.
Business-to-administration (b2a)
This sort of e-business includes both private and public sector entities conducting transactions online. This region offers a wide range of services, including jobs, social security, money, legal documents, and records. Since more money has been invested in e-government in recent years, the number of these services has increased dramatically.
Business-to-government (b2g)
When a private corporation sells its products to public administrations or government agencies at all levels, from local to federal, we call this “business-to-government” (B2G) electronic trade. Obtaining government instructions is critical to the success of this plan. Typically, the government issues a request for proposals (RFP). Then, online businesses will need to submit quotes for the sought-after projects.
B2G is not the same as other firms or customers, even if it is a better method to conduct business. The complicated structure of government institutions frequently causes things to move slowly, limiting some revenue streams.
FAQ
What is E-business Quality?
According to Zeithaml et al., the quality of an online business depends on how easily customers can purchase items through the store’s website and how well products and services are delivered.
What is Online Business Called?
We refer to business transactions over a computer network, such as the internet, as “e-business” or “electronic business.” This includes the purchase and sale of products and services, as well as the transfer of money or data. In today’s global economy, there are many distinct types of commercial transactions. Businesses, consumers, and businesses all interact with one another.
What should be Included in Ebusiness Common Queries?
Your brand, items, payment, return, and cancellation policies are just a few of the topics that should be included in your frequently asked questions regarding your online business. Finish by including the questions that all of your online store consumers who make a purchase will be required to answer.
Final Remarks
An internet corporation does not require a physical address to be successful. People may use the term “e-business” to describe a corporation whose operations incorporate both online and offline components. An comprehensive definition of “electronic business” encompasses all actions involving money and other financial matters, whether directly or indirectly tied to money. We hope this guide, in which we discussed types of e-business, was informative and beneficial for you. For a complete understanding of the functions of e-business topic, read on.