In the past several years, online shopping has grown in popularity. Let’s discuss the difference between E-Business and E-commerce system. You no longer have to walk all the way to the store to make a purchase. You can purchase anything you want from anywhere in the globe with only a smartphone and an internet connection. This is made possible by the two well-known networks known as E-Commerce and E-Business.
Most people believe that those two words signify the same thing. In actuality, they are both closely connected to one another rather than comparable.
What is e-commerce?
E-commerce, short for “Electronic Commerce,” is the term used to describe the practice of buying and selling through the internet or the web. In contrast to a traditional store, the selling and purchasing processes in e-commerce can be completed without the buyer and seller ever meeting. Various forms of e-commerce exist.
One-to-One Business (B2B)
between businesses All types of electronic service or product transactions between two firms or corporations are included in e-commerce.
Business to Business (B2C)
The formation of an electronic commercial relationship between a seller and their end clients is known as business to consumer. Probably the most prevalent type of e-commerce is this one.
This type of E-Commerce is typically simpler and more dynamic. B2C has advanced significantly as a result of the growth of the internet and websites, and you can now readily discover a variety of online stores online. They market a wide range of goods, from physical goods like books, gadgets, and clothing to digital goods like music, movies, and e-books.
Online shopping is more popular than conventional shopping since it is more convenient and typically costs less (without including the shipping cost).
Consumer to Consumer (C2C)
All electronic exchanges of goods or services between customers fall under this category of E-Commerce. Usually, third party assistance, like eBay as an internet marketplace, may make this happen.
Consumer to Business (C2B)
Consumer to business is a type of business model where customers or end users produce a good or service that a business employs to carry out its operations or acquire a competitive edge. For instance, there are websites where independent designers provide their services for creating logos, and any business is allowed to utilize them if they so choose.
Business to Administration (B2A)
Any type of online transaction between businesses and governments is referred to as “business to administration” or “B2A.” It offers a wide range of services, including social security, financial, legal, employment, etc.
Consumer to Administration (C2A)
Consumer to Administration includes all kinds of transactions that happen between the consumer with the government.
- Social security
What is E-Business?
E-business, often known as electronic business, is the practise of conducting business through the internet, extranet, web, and intranet. Buying and selling goods and services online is just one aspect of e-business, which is extremely similar to e-commerce.
E-business encompasses a broader range of commercial operations, including supply chain management, customer relationship management, and electronic order processing. E-Commerce is essentially a subset of e-business.
There are two E-Business types:
This is a business that specialises on a single form of good or service as opposed to offering several different kinds at once.
Brick and click
This label is appropriate for a business that does both online and physical operations. That is unfair because they both have actual stores where they sell their goods and services in addition to having websites where they advertise their offerings.
The Differences Between E-Business and E-Commerce
The term “e-commerce” refers to the buying and selling of goods through the internet. On the other hand, buying and selling aren’t the only activities that may be done through e-business. E-Businesses will be the term used to describe all online business activity. For instance, one may employ computing and information technology to improve their business.
E-Commerce is an important component of E-Business.
Some participants agreed that business can be referred to as “e-business” when it is conducted entirely online. An e-business does not require a physical presence in the marketplace. E-commerce is the practice of conducting business online in addition to physically conducting that business through an office. E-business comprises financial and associated operations, whereas e-commerce encompasses any type of commercial transaction involving money.
To communicate with the rest of the world, e-commerce requires the internet. More can be used for e-business. In addition to the internet, it may benefit from intranet and extranet to communicate with the parties.
The Benefits of E-Business & E-Commerce
The way we shop has significantly altered because of e-commerce and e-business. You may have already experienced some of their advantages as customers, but what can you gain from them as a company owner?
Spend less time and money on your business.
Having a physical business requires you to incur a variety of expenses, such as rent, energy, phone bills, etc.
You can cut those expenditures in half or perhaps get rid of them by moving your company online. Making the transition to E-Business might also assist to simplify the processes. For instance, it must be far simpler to send mass promotional emails online than to print 100 pamphlets and deliver them, isn’t it?
Flexible working hours
The Internet is accessible around-the-clock. An online business may genuinely generate income while you’re sleeping.
Not only can the internet reach across all time zones, but it can also do so globally. Customers will have fewer options for your hours of operation and distance from their homes if you have a physical store.
Not to mention that your store is now available via smartphones and other mobile devices thanks to the excitement around m-commerce. That is rude since your clients may conduct business with you wherever.
Easily track your business growth
You can employ a number of tools in e-business to monitor the growth of your company and discover more about your clients. Do you want to discover what has been the top-selling item during the last three months? How many people make repeat purchases?
Tracking such data in a real and mortar shop will be challenging unless you take on additional record-keeping duties.
Get closer to your consumer
The sooner you can respond to your clients’ needs, the better. Your e-business will be able to more easily meet that demand if it has email and chat tools. You, the business owner, as well as the clients may gain greatly from e-commerce and e-business.
E-Commerce is a major part of E-Business. It also can be said that E-Commerce is E-Business, but E-Business isn’t necessarily E-Commerce.