Consumer has wider choice not from his town or country but also round the globe unless there are import restrictions. According to the University of Central Arkansas, the supply chain is the continuum from the consumer's need to the finished product sale and all the entities involved in the process of getting it from the seller to the consumer. Within limits, average consumers remain at the mercy of the businesses in terms of what products they can buy, the available features and at what price points the products sell. Long distance, travelling and delays, pollution all are avoided because one has not to travel to the shop. November 30, 2012 Selling to government agencies can be a valuable practice, as long as vendors have a full understanding of the various rules and regulations that accompany B2G purchases and payments.
This stems in part from the high costs involved in B2B sales from the purchase of thousands of units of a product, a small number of very expensive machines or software that impacts the performance of hundreds to thousands of employees. The business model of C2C is very interesting. Neither you, nor the coeditors you shared it with will be able to recover it again. Supply Chain The first goal to determine the advantage or disadvantage in choosing B2B or B2C selling is to understand the idea of the supply chain. The transaction between the customers goes on until payment and delivery of product is done. Where your business or service fits in this supply chain determines the advantages or disadvantages of a certain market segment.
Another major plus point these websites have is that personal items like watch ,shoes etc can be purchased and sold with ease which is not in case of other types of ecommerce. As it happens in every society, there are successes and setbacks. In the C2B model, businesses profit from the willingness of consumers to name their own price or contribute data or marketing to the company, while consumers profit from flexibility, direct payment, or free or reduced-price products and services. Examples of personal items are handmade gifts, personal artwork, clothing design, and collectables. Fortunately, intermediaries often take care of the financial and legal aspects of C2B transactions. One of the main factors is a reduction in costs.
Personal customer information is often stored on servers and in computerized databases, which puts the business at risk for liabilities. Consumer-to-business C2B transactions involve reverse auctions, which empower the consumer to drive transactions. C2C has come a long way and will still enjoy the current changes in technologies as they appear. It might also keep customers aware of special promotions and inform them of new services or products. This leads to increase in visitor to customer conversion ratio.
In fact, B2B buyers often sign contracts with suppliers to guarantee pricing and terms. There is little information on the relative size of global C2C e-commerce. There is a more recent version of your browser available. Advantages of C2C sites Consumer to consumer ecommerce has many benefits. Process automation - integration, reduction of errors, elimination of double work with data entry, increased responsiveness.
They benefit in two crucial commerce areas. B2B sites make it easier for businesses to contact target groups, thus creating new sales opportunities and increasing the number of customers. Protecting personal data is costly for businesses because electronic security measures must be executed. If middle class or lower middle class want to buy non branded products which are generally cheaper, they cannot be bought through e-commerce. Vendors that sell custom or specialty products may face somewhat less competitive conditions due to the unique nature of their products. .
Probably the most positive benefit is the consumer-to-consumer sites are most effective in selling personal items. B2B markets enable businesses to sign contracts with buyers, thus guaranteeing the business a constant flow of revenue and a high level of customer loyalty and ongoing commitment. On top of eliminating the need for long lines at physical stores, e-commerce sites allow people who are not situated in major urban areas access to stores located remotely. For example, a customer who is unprofitable for the company might become a long-term account once he is encouraged to buy more of the same product. However, C2C figures of popular C2C sites such as eBay and Napster indicate that this market is quite large.
Akers holds a Master of Business Administration with a marketing concentration from Devry University's Keller Graduate School of Management and a Master of Fine Arts in creative writing from Antioch University Los Angeles. S dollars in online sales in October 2013. C2C E-commerce: Origin There are two implementation of C2C e-commerce that is credited with its origin. Introduction Consumer-to-consumer electronic commerce is a growing area of e-commerce. This increase in market size could be attributed to popularity and patronage C2C has got since its existence.
My sincere appreciation goes to Prof. Possible integration with existing approaches of sales promotion. This type of marketing is also called direct marketing, customer relationship management and database marketing. In most cases, C2C e-commerce is helped along by a third party who officiate the transaction to make sure goods are received and payments are made. Conclusions C2C e-commerce has come a long way through its journey. Speaking of costs, there's a multiplicity of regulations and taxation that comes with opening an e-commerce shop, and regulators are still not clear about the tax implications of e-commerce transactions, which is especially true when the seller and buyer are located in different territories. C2C e-commerce has become more famous recently with the advent of the internet.
The consumer could also be someone answering a poll through a survey site, or offering job-hiring services by referring someone through referral hiring sites such as. It's important, then, for businesses to look beyond the hype and develop their own perspectives on the true value of e-commerce—to business and to consumers—because interestingly, there are many advantages for consumers that might actually be a disadvantage for e-commerce businesses. Another form of C2B occurs when a consumer provides a business with a fee-based opportunity to market the business's products on the consumer's blog. In order to overcome this question, we demonstrate that agents can be made interactive, extensible, and permutable. A B2B buyer can, also within limits, demand certain customizations, impose exacting specifications and drive a hard line with pricing because the seller depends much more heavily on retaining its customers. C2C transactions generally involve products sold through a classified or auction system.