Tag: eCommerce business

What are The E-commerce business models?

What are The E-commerce business models

So you are planning to start your dream e-commerce business and are stuck on how to begin it? You have questions like what does a business model means and how to choose one for your business? Well, if these are the questions pondering on your mind, then don’t worry, you have come to the right place.

Business models are crucial for both startups as well as established businesses. Your journey to success starts with determining which model best fits your business niche, assets, and capabilities.

There is a simple way to determine what e-commerce business model would be the best to turn your business profitable.

First things first, you must decide what exactly you want to sell on your e-commerce website. Is it a physical or digital product or a service that you would like to offer? The next thing you have to determine is who you want to sell your products/services to.  To customers or other businesses? And, lastly, determine how you will be delivering the products- trust us, the options are limitless.

It is essential to choose an appropriate e-commerce business model that fits your business ambitions as it will eventually decide your survival. Keep on reading this post to know what are the different types of business models and what each means.

What are the different types of e-commerce business models?

There are four common types of business models in e-commerce that will help you determine your target audience.

The most common businesses  models well known by their acronyms are as below:

  • B2B (business-to-business)
  • B2C (business-to-consumer)
  • C2C (consumer-to-consumer)
  • C2B (consumer-to-business)

Let us understand in detail what each model means:

1. Business-to-business (B2B)

The Business-to-business (B2B) e-commerce model means the selling of goods and services between two businesses. This business model is suitable for manufacturers, wholesalers, and distributors that sell their products in bulk to other businesses that then retail them to their customers.

A huge number of these transactions are typical in the supply chain that includes the exchange of raw materials. One business sources raw materials from another business to manufacture products to sell to customers through the business-to-customer model approach.

2. Business-to-consumer (B2C)

The B2C business model is quite prevalent in the e-commerce business that we are very well familiar with. In B2C, e-commerce businesses sell their products and services directly to customers. While B2B can be a bit intimidating, the B2C business model has a simple and straightforward approach. 

B2C deals with a large audience base; thus, it is crucial for businesses having this model to prioritize sales and marketing tactics like SEO, social media, ad targeting, and email marketing.

3. Consumer-to-consumer (C2C)

C2C business models include transactions between two or more customers. The C2C business model is controlled by a third-party business that allows individuals to buy, sell and exchange products or services on their platform. These platforms that connect customers gain profit by charging a minimal fee to customers for listing their goods. All the transactions and quality control are taken care of. 

4. Consumer-to-business (C2B)

C2B is a lesser-known model as compared to B2B and B2C. In the C2B model, customers sell products and services to other businesses.  C2B businesses typically include Freelancers and Gig workers; for example, Upwork has a C2B business model.

Technological advances like e-commerce have entirely transformed the way businesses and customers operate today. Understanding which e-commerce business model best fits your business ethics and approach will help you achieve your goals. Once you identify your e-commerce business model, you will already have a distinct advantage over your competitors and increase your chance to be on the top.

What are the benefits of building a no-code e-commerce application for your business?

Benefits of building no-code e-commerce application for your business

The increasing growth in the e-commerce industry has led businesses into developing mobile solutions to satisfy the customer demands to sustain in the market. Today the customers demand flexibility while shopping to buy goods and services anytime and from anywhere. This is why people prefer shopping on mobile applications rather than an e-commerce website, as apps are fast, simple, and convenient.

Moreover, with mobile applications, businesses can attract more customers with features like push notifications and geofencing using GPS. This is why many big and small e-commerce companies all across the globe have started developing their e-commerce application for generating business through smartphones. 

Here are some of the main benefits of having a mobile application for your e-commerce business:

  • Time-saving – Mobile apps load faster than websites
  • Brand loyalty: Mobile apps give customers additional shopping advantages that help develop a strong bond with the brand. 
  • Better customer experience – through personalized pushed notifications, easy navigation and advanced technologies.
  • Improved conversion rates – leads to increased revenue generation. 
  • Easy to use – with mobile apps, users need to log in only once during registration.
  • Multiple payment options – different payment options for an easy checkout

Now that you know the benefits of developing a mobile application for your e-commerce business, you will be amazed to know that you can build one for your business with no coding at all. Yes, you heard it right. Not only is it easy, but it also has a lot of other benefits for your business. 

What are the benefits of building an e-commerce application without coding? 

E-commerce app development is fast.

Building an e-commerce application using a no-code platform is much faster as compared to developing it conventionally. A basic to extensive e-commerce app without coding can be built in just a few weeks. Whereas if you plan to hire developers to build it for you, it might take months before it finally goes live. 

E-commerce app development is easy

Developing an e-commerce app without coding is not only fast but also easy. Many app builders have easy-to-use features and drag and drop functionality that will help you develop an e-commerce mobile application without any knowledge of coding. This helps you develop an application just as you have imagined and modify it as and when required. 

Reduced app development cost

This is pretty obvious. Hiring a developer or an app Development company would cost you a lot. But with no-code app development, you will be saved from any such significant investment while building your e-commerce application. You can quickly develop an e-commerce application at an inexpensive rate as the cost of hiring developers is completely eliminated. 

Enhanced use of resources

As we just discussed, building an e-commerce application with the help of an external team is quite costly. Whereas building an application with no-code platforms helps you utilize your organization resources usefully. It is extremely easy to build an e-commerce application without coding, and anyone can learn it in just no time. This helps businesses efficiently use their existing resources, i.e. their internal team. 

Better ROI & lower risk

Building an e-commerce application without coding is inexpensive, which means you have the benefit of earning better ROI. Not only this, with a better return on investment, the risk involved is also shallow. This means if your e-commerce application doesn’t perform well, the risk of loss is low since your investment was not high.

To help e-commerce businesses meet the demands, Potenza Global Solutions brings to you CiyaShop, an app development solution that helps you build applications without any coding or technical skills.

With responsive design, retina display, multilingual support, push notifications, social media integration, geofencing, and more, CiyaShop helps businesses reduce more than half of the development cost while delivering a seamless experience to the users. 

Not only this, it is fully customizable so that businesses can build a native mobile application with advanced features and functionalities without compromising on performance. If you want to know more about how you can develop a robust e-commerce application without coding, you can get in touch with our team for assistance.