E-Commerce: The Three Types & Why They Matter

DENVER - Dec. 3, 2022 - PRLog -- The digital revolution over the decade has led to a new way to work and run a business. At PSP Compass, we work with many companies trying to build their digital empire. However, a great deal of terminology may take work to understand. For example, what is E-commerce, and why does it matter in digital marketing? If you're curious about what assistance you need, continue to read and reach out to PSP for more information to help you develop a business.

The Three Types of E-Commerce:

1. Business-to-Business
2. Business-to-Consumer
3. Consumer-to-Consumer

E-Commerce can be understood as the buying and selling of products and businesses through an electronic source like the internet.

What is Bussiness-to-Business E-Commerce?

Also known as b2b, this form of e-commerce is the private selling from one business to another via the internet. This can be seen as electronic wholesale.

What is Business-to-Consumer E-Commerce?

B2C is one of the most common and popular forms of e-commerce. This allows businesses to target a specific group of consumers online. It also makes business and products easily accessible over the phone, laptop, or tablet. Overall, it has become a more accessible and convenient way to shop anywhere, anytime, without in-person shopping.

What is Consumer-to Consumer E-Commerce?

This form of e-commerce is the reselling of products without being an official business. eBay is a prime example of an online source that helps people sell to others in search of a product for varying prices.

However, you prefer to run a business is your choice but understanding the world of digital marketing means understanding e-commerce. Expressly understanding how e-commerce is beneficial because it allows outreach to a wide range of consumers with the push of a button and within the comforts of your own home!

About PSP Compass

To achieve continuous success with your growing business, it's critical to understand and keep up with the trends in digital marketing. PSP Compass Solutions stands out because we create and implement digital marketing strategies for and with you. PSP ensures you know the changes, tweaks, and new tactics you will need to implement to remain relevant and engaging in your industry.

Contact PSP Compass for your marketing needs: https://www.pspcompass.com