Customers can trade with each other using the customer to customer (C2C) business model, typically online.
C2C firms are a sort of company model that was led to by the sharing economy and e-commerce technology. Websites surpass C2C businesses, like Craigslist, Etsy, and eBay, use an auction or classifieds format to supply goods or services.
Some C2C businesses struggle with issues such a scarcity of quality assurance and payment assurances.
The business concept that promotes commerce between private individuals is thought as “consumer to consumer,” or C2C. This area of e-commerce connects people to conduct business with each other, whether it’s for goods or services.
Business-to-business (B2B), customer-to-business (C2B), and business-to-consumer (B2C) are the opposite three styles of e-commerce (business to customer).
The classifieds section of a newspaper or an auction are two good samples of C2C transactions. Both instances involve a customer selling products or services to a different client instead of an organization.
Customers benefit from product rivalry and often find items that are hard to seek out elsewhere. Additionally, because there are no merchants or wholesalers, margins for sellers could also be bigger than with more conventional pricing strategies. C2C sites are practical because a visit to a physical store isn’t necessary. Online vendors post their goods, and customers find them.