It’s no news that learning how to start ecommerce business in Nigeria is one of the smartest and fastest ways to amass wealth. Most especially in this 21st century.
In a country of over 180million residents. Which includes over 90million being internet users could be accredited to the success of e-commerce in Nigeria.
What is E-commerce
E-commerce is simply a sales transaction that takes place over the internet in other words electronic commerce.
E-commerce is categorized into six major types with each having its features and attributes.
Types of E-commerce Business
- Business –to – business (B2B): this refers to the exchange of products and services between businesses rather than business and consumer.
- Business – to – consumer (B2C): selling of products and services from a business to the consumer. This is the most popular e-commerce business.
- Consumer – to – consumer (C2C): this is the type of e-commerce business in which consumers exchange products and services directly to each other online. This is usually done through a third party platform online.
- Consumer – to – Business (C2B): this kind refers to the process whereby individuals make their products and service to be sold to companies. Or an individual that’s rendering service for a company over the internet. E.g. logo artist or a freelancer.
- Business – to – Administration (B2A): business to administration is the business transaction between companies and governments. This could be private companies providing services for the public administration.
- Consumer – to – Administration (C2A): finally, consumer to administration is the transaction between individual and public administration. A good example is an electronic tax filing.
You don’t have to run operations like Amazon, Ebay, Jumia, and Konga to start a successful e-commerce business in Nigeria.
Click the link below to know what you need to do in other to have a successful e-commerce business in Nigeria.
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