Types of E-Commerce Models

Electronic commerce can be classified into four main categories. The basis of this simple classification is the parties involved in the transaction. The four basic models of electronic negotiation are the following:
  1. Business to business: This is a business to business transaction. Here companies do business with each other. End users are not involved. Therefore, online transactions only involve manufacturers, wholesalers, retailers, etc.
  2. Consumer business: Consumer Companies. Here, companies will sell their products or services directly to consumers. Users can browse their website and view products, images, read reviews. They then place their orders and the company sends them directly. Popular examples are Amazon, Flipkart, Jabong, and others.
  3. User to User: User to user, where users are in direct contact between them. There are no companies involved. It helps people to sell their objects and personal property directly to the interested parties. Normally, commercialized goods are cars, bicycles, electronics, etc. OLX, Quikr, etc. 
  4. Users for business: Unlike B2C, it is a business user. Thus, the consumer provides a good service or some service to the company. Let's take an example of an independent demonstration of computer sales and selling your software to a company. This is a C2B transaction.
Know more about eCommerce marketing 

What is e-commerce?

Examples of e-commerce- Amazon, Flipkart, Fiverr, eBay, Quikr, Olx etc.

Advantages of e-commerce

  •  Electronic commerce provides marketers with a global reach. Remove route block (geographic). Now sellers and buyers can meet in cyberspace, without location barriers.
  • E-commerce will substantially reduce transaction costs. It eliminates many fixed costs to keep brick and mortar stores. This allows companies to enjoy higher profit margins.
  • Provides quick delivery of merchandise with minimal effort to some customers. Customer complaints are also addressed quickly. It also saves time, energy and effort for consumers and businesses
  • Another great advantage is the facilities it offers. A customer can buy 24 × 7. The website works all the time, it does not have hours of work like a store.
  • E-commerce also allows customers and companies to connect directly, without an intermediary. This allows for quick communication and transactions. It also provides a valuable personal touch.

Disadvantage of e-commerce

  • The cost of starting an e-commerce portal is very high. The configuration of hardware and software, the cost of training workers, maintenance and maintenance are expensive.
  • Although this may seem like a trustworthy thing, the e-commerce industry has a high risk of failure. Many companies that drove the dot-as well as the decade of 2000 failed miserably. The high risk of failure still remains today.
  • Sometimes e-commerce can feel personal. Therefore, there is a lack of interpersonal relationships that are important for many brands and products. This lack of personal touch can harm many types of services and products, such as interior design or jewelry.
  • Security is another matter of concern. Recently, we have seen many security breaches that steal customer information. Credit card theft, identity theft, and others are still a major concern for customers.
  • Then there is the problem of compliance. Even after ordering, there are problems with shipping, shipping, mixing and much more. This makes customers dissatisfied and dissatisfied

Best WordPress eCommerce Plugins 

Now that you know what to look for in an e-commerce platform and what you need to get started, here are the best options for the best e-commerce platform for WordPress users.
  •  WooCommerce
  •  BigCommerce
  • Easy digital download
  • MemberPress
  • Shopify
      You can use review plugins to allow a customer to write a review of your product or you can also use plugins like WooCommerce Event Manager to start an event booking service at your wordpress website