Question

what are the principal e-commerce business models

Name and describe the principal e-commerce business models

Answer 1

E-Commerce Business Models refers to the business that mainly emphasis producing the product and providing services from one business to another different or the same kind of business via electronic mediums.

The principle of e-commerce business models is an integral part of any e-commerce business.

They are Transaction broker, E-tailer, Portal, Content provider, Community provider, Market creator, Service provider.

The principle of e-commerce products are:

1. E-Tailer: It helps to sell physical products to the individual business and consumers directly.
2. Transaction broker: It reduces the time and money of users on processing the online transaction and at the same time it generates transaction fees.
3. Market creator: Allows buyers and sellers to search, display, buy, and sell products on the digital market.
4. Content provider: provides digital content such as music, videos, music, web content, articles, blogs, and news, etc.
5. Community provider: creates an online place where people of different interests can communicate and share information with each other.
6. Portal: It allows content to enter in the web.
7. Service provider: Provides apps, videos, photos, digital content, and services such as backup and storage services.