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That is why we are here for you; we are glad when we help you out. E-commerce is also known as internet commerce or electronic commerce which is a process of buying and selling services and goods through the use of the internet. The first-ever form of e-commerce took place in August 1994 where a man sold a CD to his friend using his website (Net Market) which is an American retail shop.

What are the Various Types of E-commerce Models?

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There are various types of E-commerce models namely: (1) business to consumer (B2C) this is when a business sells a service or a good to a consumer. (2) Business to business (B2B) occurs when a business sells goods or services to another business. (3) Consumer to business (C2B) is when a consumer sells a service or a good to a company or organization. (4) Consumer to consumer (C2C) occurs when a consumer sells goods or services to another consumer.

What are the Examples of Ecommerce?

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• Online Services - these are skills offered online in exchange for money.
• Real - this involves selling a product directly to a customer without any intermediate person.
• Wholesale - this where a product is sold online in bulk to the retailer who later sells the goods to a consumer.
• Crowdfunding - this involves money being collected online from the consumer before a product reaches the market.
• Dropshipping - involves goods being purchased online and then being delivered to consumers using shipping companies.
• Subscription buying- is where a product automatically renews itself on a regular basis until the consumer ends the subscription.
• Digital products - Softcopy items are downloaded or purchased from the Internet prior to use.

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