E-Business vs E-commerce and How To Choose Which one is Better for starting an Online Business

Amidst this Covid-19 Pandemic since last year, everything has been shifted to the “New Normal” that is “Work From Home”. Reports and Surveys conducted questioning people if given choice between “Offline Work” or “Online Work” what would they prefer?

Surprising for the fact many of us chose to accustom within the “New Normal” being Work From Home. The reasons being it’s convenient, easy-going, and less hectic.

As of now, there is no such news coming since when will we be freed up from this current locked up situation where safety, as well as money both, are important.

This situation has taught many of us the value of saving and investing money in the most appropriate places and in the most convenient manner.

If it comes to Long-term Investment Nothing is better than starting up with an E-Business or an E-commerce platform.

Let’s just quickly get to the point which is What is E-Business & E-Commerce?

E-Business is a kind of business where we perform all the business activities such as buying & selling of goods and services, investing in other companies, collaborating with other business giants, satisfying and servicing customers, etc. all via the internet that is through Online Mode.

In Today’s era Internet has been the most popular thing anyone could vouch for and having a business platform on the Internet is what is thought of as a wise plan.

Nothing is as great if Business heads are thinking of running their business online.

With the least disadvantages and ample amount of advantages, it’s the best possible move any business tycoon could even think of.

To be more specific and informative IBM was the first-ever company or business to utter or use this E-Business word in late 1977. To clear all the doubts and confusion of the consumers they also launched a Thematic Campaign about E-Business.

Types of E-Business

1. B2C.
2. B2B.
3. C2B.
4. C2C.

B2C (Business-to-Consumers)

In this type of Business model, there is the buying and selling of goods and services where the seller can directly sell the products online and the buyer could buy them.

For example- Any Online Shopping Websites such as Amazon, Flipkart etc.

B2B (Business-to-Business)

In this Modern Era Business transactions are also held online. This B2B mode is what a Business uses to perform multiple transactions with another Business.

For Example:- Company ‘X’ buying shares in Company ‘Y’.

C2B (Consumer-to-Business)

This is a kind of unique Business Model where the consumers themselves make or create their own value and demand for their goods and services in the market and deal with it.

For example:- If a blogger writes articles frequently on a daily basis he/she has created their own value and demand for their articles.

C2C (Consumer-to-Consumer)

This is yet another kind of unique Business Model where the market structure contains or needs only consumers as the consumers play the role of both buyers and sellers via third-party facilitated online marketplaces.

For example:- There is an online platform named eBay where consumers are sellers as well as buyers.

These online marketplaces generate revenue via charging subscriptions or memberships, personal ad fees, collecting transaction fees, and via services.

So this was all about E-Business platform.

Now let’s hop into E-Commerce sectors.

Have you ever shopped online? Did you find it convenient enough? Is it worth buying stuff online?

All these questions are all related to E-Commerce.

E-Commerce is the internet marketplace where buying and selling of goods and services take place. It is also used for transmitting funds or data through an electronic compartment or network called the Internet.

A few years back, nearly a decade this Online Trend has spread worldwide because of its easy accessibility and convenient factors.

Surveys have counted up to a surge of nearly 11% increase in E-Commerce total retail sells i.e from 5.1% in 2007 to 16.0% in 2019.

Have you ever wondered how in this entire world these E-commerce online shopping websites could deliver your goods in such a short period of time?

The answer to your question will be something like this.

Firstly whenever an order has placed the details from the customer’s web will be transmitted to the server of the online store’s website.

Then the data which is pertained in the server will be communicated to a central computer, then forwarded to the system that manages the payment information.

After all these processes are validated it will be shown that your order has been successfully processed.

And then your order is shipped to different hubs and harbors and is reached to you.

Types of E-Commerce

There are nearly 7 types of E-Commerce.

These are:-

• B2B
• B2C
• C2C
• C2B
• C2A
• B2A
• Mobile E-Commerce

B2B (Business-to-Business)

In this Modern Era Business transactions are also held online. This B2B mode is what a Business uses to perform multiple transactions with another Business. This model can also be used to transmit information from one business to other

For Example:- Company ‘X’ buying shares in Company ‘Y’.

B2C (Business-to-Consumers)

In this type of Business model, there is the buying and selling of goods and services where the seller can directly sell the products online and the buyer could buy them. Basically, it is the retail part of E-Commerce.

For example- Any Online Shopping Websites such as Amazon, Flipkart etc.

C2C (Consumer-to-Consumer)

This is yet another kind of unique Business Model where the market structure contains or needs only consumers as the consumers play the role of both buyers and sellers via third-party facilitated online marketplaces.

For example:- There is an online platform named eBay where consumers are sellers as well as buyers.

These online marketplaces generate revenue via charging subscriptions or memberships, personal ad fees, collecting transaction fees, and via services.

C2B (Consumer-to-Business)

It is the model where the consumers themselves create or make their goods and services online so that the companies could bid on them and eventually purchase the products.

For example:- In online when someone sells the pictures or crafts such as Freepik or iStock.

C2A (Consumer-to-Administration)

This type of E-Commerce Model refers to when there are any transactions between individuals and public bodies or government via online mode. Generally, Public Or Government Bodies doesn’t really purchase from the individuals but the individuals still update the data frequently through Education, Health, Taxes, etc.

B2A (Business-to-Administration)

This E-Commerce model refers to the transactions between Business bodies and Government or Public Bodies online.

Government branches are mostly dependent on products and e-services especially when it comes to social security, registers, fiscals, employment, legal documents, and these companies can provide these online easily.

Mobile E-Commerce

As the name suggests any transactions or online sales transactions occurring through mobiles, smartphones, tablets are known as Mobile E-Commerce.

Online Payments,Online Shopping,Online Food Delivery all via phone comes under this category.

This is all about E-commerce.

These both words may look similar but are not definitely can be used as synonyms because E-Commerce refers to the buying and selling of goods and services online whereas E-Business looks forward to more wide-ranging aspects of online business which definitely includes customer relationship management, supply-chain management, electronic order processing and these are all definitely set to run the business with more efficiency and effectiveness.

Concluding factor being E-Business is the superset of E-Commerce or to simplify it E-Commerce is a part of E-Business.

Though E-Business can be conducted in-house as well when it comes forth to its internal processes E-Commerce is clearly to be done online including its internal processes.

In my opinion, if we think of a broader perspective then we must vouch for E-Business because E-Commerce is a subset of E-Business and can be handled. But to capture the maximum part of the market we need to go for E-Business.

What’s your thoughts? Do let us Know.

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