Online Shopping In Bangladesh
Online Shopping In Bangladesh
Blog Article
Online Shopping In Bangladesh
In 2023, retail ecommerce sales accounted for over 19% of overall retail sales worldwide, and Online Shopping in Bangladesh predicts that, by 2027, ecommerce will make up nearly a quarter of total global retail sales. Needless to say, ecommerce is on the rise.
But what is ecommerce exactly?
Ecommerce is the process of buying and selling products or services online. Short for “electronic commerce,” ecommerce encompasses all buying and selling that’s done on any digital device or platform, such as an online store, smartphone, online marketplace, or social media platform.
Whether it’s business-to-consumer (B2C), business-to-business (B2B), or business-to-consumer-business, (B2C2B), or physical or digital products, these online exchanges can come in many forms and occur across a variety of channels.
To fully understand ecommerce, let’s take a look at its history, growth, and impact on the business world. We’ll also touch on the main types of ecommerce business models, the potential benefits and challenges of selling online, and what tools you’ll need to get started.
Types of ecommerce business models
Generally, there are Online Shopping in Bangladesh that businesses can be categorized into, each catering to different audiences and types of transactions. Let’s review each type in more detail.
Business-to-Consumer (B2C).
One of the most popular sales models in ecommerce, Online Shopping in Bangladesh involves transactions made between a business and a consumer. For example, when you buy shoes from an online retailer, it’s a B2C ecommerce transaction. Some of the most popular ecommerce businesses today are B2C sellers — think Walmart, Target, or Sephora.
Business-to-Business (B2B).
Unlike B2C, Online Shopping in Bangladesh encompasses online sales made between businesses, such as a manufacturer and a wholesaler or retailer. B2B is not consumer-facing and happens only between businesses. For example, many popular tech companies — such as Hubspot, Slack, and Microsoft — primarily sell their products and services to other businesses.
Consumer-to-Consumer (C2C).
One of the earliest forms of ecommerce, consumer-to-consumer involves the sale of products or services between customers. This can also include any provider that manages a C2C online transaction, such as those seen on eBay or Amazon. A prime example of a C2C sale is when someone uses an online marketplace, such as Facebook Marketplace or Craigslist, to sell a good or service to another person.
Direct-to-Consumer (DTC).
A newer model of ecommerce, Online Shopping in Bangladesh refers to a business that sells products directly to the end customer instead of going through a retailer, distributor, or wholesaler. One common example of D2C ecommerce is a subscription-based brand such as Netflix or Dollar Shave Club.
Consumer-to-Business (C2B).
C2B flips the Online Shopping in Bangladesh on its head, in that individual consumers make their products or services available for business buyers. This could look like a photographer selling stock photos to an ecommerce business like iStock, or an influencer promoting its ecommerce marketing services to a business.
Business-to-government (B2G)
B2A covers the transactions made between online businesses and government entities or public administrations. For example, businesses can sell software related to legal documents or social security to local government agencies. Report this page