What is C2C in e-commerce?
consumer-to-consumer e-commerce
Customer to Customer (C2C) is a business model whereby customers can trade with each other, typically, in the online environment. Two implementations of C2C markets are auctions and classified advertisements. C2C marketing has soared in popularity with the arrival of the internet, and companies such as eBay and Craigslist.
Separating ‘Customer To Customer (C2C)’
At its most basic level, C2C represents a market environment where one customer purchases goods from another customer using a third-party business or platform to facilitate the transaction. C2C businesses are a new type of model that has emerged with e-commerce technology and the sharing economy.
The advantage for customers is that they benefit from the competition for products and they can often find items that are difficult to find elsewhere. In addition, margins are high for sellers because there are minimal costs due to the absence of retailers or wholesalers. C2C sites are convenient because there is no need to visit a brick-and-mortar store. Consumers simply list their products online, and the buyers come to them. In the case of eBay, items are shipped by the seller directly to the buyer.
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Also: all you want to know about Business To Business – B2B
Income and Growth of the C2C Market
C2C sites and comparative stages profit from expenses charged to merchants for posting things available to be purchased, including special highlights and encouraging MasterCard exchanges. These C2C transactions typically involve items sold through an arranged or closeout framework, and the items sold are regularly utilized.
The Customer to Customer market is anticipated to develop later on due to its cost-viability. The cost of utilizing outsiders is declining, and the measure of items available to be purchased by buyers is relentlessly rising. Retailers view it as an important plan of action on the grounds of the ubiquity of web-based social networking and other online channels. These channels feature particular items officially claimed by buyers and increment requests, which drives expanded online activity to C2C stages.
Be that as it may, Customer to Customer has a few issues, for instance, the absence of value control or installment ensures. In some cases, credit card installments may not be upheld in spite of the fact that the development of PayPal and other installment frameworks throughout the years has streamlined installments on C2C stages.
Example of the Rise of C2C
The C2C commercial center has expanded after some time as more organizations have entered the space to encourage C2C exchanges. Numerous organizations target specialty markets and list particular items to attract one-of-a-kind customers.
For example, Amit Lakhotia, previous VP of installments at Paytm, left his position in January 2016 to seek different endeavors, one of which was Tokopedia, one of Indonesia’s greatest online commercial centers. Tokopedia is a C2C retailer that gives a stage on which entrepreneurs can open small and fair size C2C endeavors (SMEs) of their own for nothing.
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Consumer to Consumer
There are a lot of different types of E-Commerce.
C2C eCommerce is a customer that sells products or other customer services online, like eBay, Craigslist or Etsy operates.
The sale is generally made possible by a third-party website that helps to take care of transaction information, normally called a marketplace.
The eCommerce platform of Clarity has been in use for almost 10 years in such marketplaces.
The objective of e-commerce between customers is to allow customers.
The objective of e-commerce in C2C is to allow customers to sell to other customers directly without the intermediary or spend a lot of money on construction and keep their own storefront online.
This enables the vendor to maintain more revenue and the buyer to buy the products in a better way, with competitive pricing.
These kinds of eCommerce websites, and markets, are often called by individuals.
E-Commerce platforms owned by Clarity can be used as a place of market or in another model, such as an online single, multi-store, or global marketplace for multilingual multi-currency and much more.
C2C e-commerce examples
In short, C2C is the creation of consumer value. Below are some instances of the following:
1- An Auctions
In short, The sale of the property, bidding process collectibles, and goods in secondary use
2- Work
Work for an extra fee.
3- The Freelancing
Certain self-employment can be regarded as a customer-to-customer (C2C).
For example, an independent carpenter who works with homeowners.
4- The Crowdfunding
Consumers finance consumer beginning.
5- Collaborative
An e-commerce or retailer site belongs to its consumers.
6- Working at home
The value family members generate in the home through their homework, children’s care, or any repairs inside the home.
7- Economy of Access
Arrival to assets at a rental cost.
For instance, rent your holiday home if you don’t use it
8- The Bartering
Exchanges without cash of assets, products, and services
Trading a motorbike for a boat, for instance
9- Information to the customer
In short, Providing data to consumers.
For example, A blog of fashion which fashion goods reviewed.
see: discover with us Sorts of eCommerce merchants and their types
10- The Repair
People who help fix stuff.
One example is coffee repair.
11- Traditional Economics
The traditional economy is based on the customer to customer relations.
For instance, a barn raising while everybody enables a neighbor to construct a barn in a town.
12- The Events
In short, Events are band concerts that promoted their fans directly.
Source: Customer to customer
c2c e-commerce websites list
Largest E-Commerce Companies in the World
largest e-commerce companies sorted by GMV
Alibaba: $768 billion
Amazon: $239 billion
JD.com: $215 billion
eBay: $93 billion
Shopify: $33 billion
Rakuten: $31 billion
Walmart: $19 billion
e-commerce
e-commerce price comparison template
see: 5 Types of online Business to consumer (B2C)
E-Commerce: Busienss Models
E-commerce busienss models (B2C, C2C, C2B, and B2B)
c2c e-commerce examples in India:
C2C companies like eBay, and Amazon sell their products and services through a well-classified or through an auction system. Customers generally purchase goods from another customer through a third party, where the transaction occurs.
When it comes to India, there are dozens of companies that follow the C2C business model and many have adopted it lately. The eCommerce and online auction platforms specialized in the technology of the third party which stimulates the buying procedure.
we will be talking about the top C2C eCommerce companies in India. Let’s get started!
Soon :
Is Amazon a B2C?
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Article writing by the site team: E Helper Team
