B2B and B2C echo in every business ear! This vocabulary used in business is helping many activities in an amazing way!
B to B stands for Business to Business, a deal connecting a business to another instead of an individual. This transaction in mainly seen between a company that supplies merchandise and a distributer company that sales it to individuals.
No One’s Company likes to adopt the traditional definition of B2B, but it also likes to give another option that fits the title: Paying with the services.
Mister A owns a Hotel where one night stay is worth 30$, while Mister B owns a Cupcake brand where a cupcake’s worth is 3$. Therefore Mister B can stay a night at Mister A’s hotel in exchange of 10 Cupcakes!
Now, let’s extend our vision to a business level and understand the situation with big numbers.
A B2B can be created if Mister B starts sending Cupcakes to Mister A’s Hotel without interfering in the way it will be presented and sold, and he gets paid by a number of nights in the hotel for his personal or guest usage.
B to C stands for Business to Costumer, a deal connecting a business to an individual directly. This transaction is what each person of us is dealing with at a supermarket or a shop. A businessperson who is choosing to deal with B2C is required to maintain an excellent relationship with clients!
No One’s Company has more to say about both B2B and B2C, especially when the clients decide to introduce them in their online activity…