A
transaction that occurs between a company and a consumer,
as opposed to a transaction between companies (called
B2B). The term may also describe a company that provides
goods or services for consumers.
How B2C
Uses Technology
A common theme for a business to consumer model is a
huge, diverse set of items for the person to choose
from through a database. Another theme is the ability
to inspect items enough to determine which particular
item is desired, or providing known commodities (like
books) that can be described by title and source/author.
eTailing
During the last few years, Web sites have shifted from
displaying electronic catalogs to providing a channel
for complete solutions to business challenges - generating
sales using interactive and dynamic tools as well as
electronic customer service. The growth of eCommerce
consulting has changed the way business is done today.
Businesses will spend $50 billion a year on Internet
strategic services in 2005. Outside of its traditional
"brick-and-mortar" retail locations, the bulk
of the company's revenues come from its catalog sales.
It has experienced tremendous growth in revenues during
the last few years.
Challenges
for B2C Businesses
What are the major challenges of B2C e-commerce? Getting
browsers to buy things — Your e-commerce site
cannot live on traffic alone. Getting visitors to the
site is only half the battle. Whether they buy something
is what determines if your online store is successful.
There are many factors other than traffic, which determine
if your online store has strong sales numbers. Some
people are disappointed to learn that their particular
item does not sell well on the Internet. Go to the page
what businesses sell
for a list of things which don't seem to do as well.
Some items which
need to be examined first hand don't do as well online.
For example, for most people in the USA having access
to 10,000 types of cheeses is not good on two counts
- most don't choose among that many varieties, and the
name and a text description or pictures is probably
not enough for most people to make a decision online.
Outlook
for B2C Businesses
When you compare all sales methods you see that being
online often has clear advantages to the buyer, and
not just price. But if a likelihood of online success
is important to your business you must weigh all the
factors.
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