B2C E-Commerce in the Global Market 2020 – Phdassistance.com


Phddissertation

Uploaded on Mar 10, 2020

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In recent times, e-commerce changes the way of how the businesses are carried out globally. However, this evolution is increasing across different parts of the world at various levels (Zheng, 2016). Generally, E-commerce is categorized as business-to-business (B2B), business-to-customer (B2C), and business-to-government (B2G) based on collaborating bodies such as corporations, customers and governments. 1. Drop shipping 2. Print-on-Demand 3. Private label To Continue Reading: http://bit.ly/38z4KUw Contact Us: UK NO: +44-1143520021 India No: +91-8754446690 Email: [email protected] Website Visit : https://www.phdassistance.com/ https://www.phdassistance.com/uk/ https://phdassistance.com/academy/

Category Education

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B2C E-Commerce in the Global Market 2020 – Phdassistance.com

B2C E- COMMERCE IN THE GLOBAL MARKET 2020 An Academic presentation by Dr. Nancy Agens, Head, Technical Operations, Phdassistance Group www.phdassistance.com Email: [email protected] TODAY'S DISCUSSION Outlin Introduction Drop Shipping e Print-on-Demand Private Label White Label Subscription Service Wholesaling Introductio n E-commerce is categorized as business-to-business (B2B), business-to-customer (B2C), and business-to-government (B2G) based on collaborating bodies such as corporations, customers and governments. A statistical evaluation done in 1.8 billion people purchased products online which in turn lead to the increase in e-retail sales to 2.8 trillion U.S. dollars across the globe. Selecting and implementing the suitable e-commerce business model is a challenging task for the people who are new to the field of business. Therefore, the most popular form of e-commerce falls into the classification of business to consumer (B2C) for business people around the globe. Fig 1. B2C E-Commerce Business Model Drop shipping is a process in which business can market and sell products in online platforms without stocking the products in an inventory. Drop When customers places orders, drop shippers buy the product from the Shippin supplier, do the shipping and delivers it to the customers. g Business people engaging in drop shipping do not need to focus on manufacturing and inventory and can focus more on investing. Some of the popular e-commerce drop shipping platforms include Shopify, PretaShop and Woo Commerce. Print-on- Demand Print-on-Demand or POD is another business model which allows the user to set up a business where they can sell their customized products. APOD business creates an opportunity for business people to build their brand in the way they envision their enterprises to be. POD along with digital technology, is incorporated in printing commodities by fixating a fixed cost per copy regardless of the nature of the order. POD revolves around the process of printing products only demand eliminating the use of inventory. Private Label A Private Label business model is the model termed as selling products. Under a private label product selling, the business people can able to sell the products manufactured by the third party under their brand names. The manufacturer produces the product as per the requirement and ships it the retailer who sells the manufactured products under their brand names. For instance, Amazon is a private label for E-commerce platforms. White Label White label business models are termed as the retailers who resell common products which are procured from a dealer and apply their brand names. This business model is generally a two-way process in which the products are produced by one company and other company rebrands and dispenses it. For instance, the retailers who sells white-label products in social media. Subscription Service A subscription business model generally permits the customers to buy a product or a service and further allows them to subscribe for a particular period either on the monthly basis or a yearly basis. The customers can either cancel the subscription or can continue the service by renewing it. Some of the E-commerce stores which works on the subscription-based business model are Five Four Club work and Tie Bar. Wholesali ng Wholesaling is a business model where the products are sold in bulk and at a lower price than the current market prices by e-commerce stores. Wholesale e-commerce necessitates remarkable effort in both modern and traditional sales networks like trade shows, telesales, marketing, and influencer advertising to obtain commercial partners. New models for e-commerce business-to-customer remain to grow as far as the companies discover new ways to carry out the activity. Contact Us UNITED KINGDOM +44-1143520021 INDIA +91-4448137070 EMAIL [email protected] om