Consumers can directly engage with fellow consumers. This business model is known as customer-to-customer (C2C). In this approach, customers conduct transactions and interact. Unlike traditional business models where businesses provide goods and services to consumers, in C2C transactions individuals sell directly to other individuals through online platforms or offline channels The defining characteristic of C2C marketing is that it often adopts third-party channels or marketplace. Channels make networking simpler. They offer a spot for people to list what they sell or do. These spaces let folks chat with those maybe buying. And they allow secure deals to happen.
C2C transactions can span a wide range of products and services from second-hand goods such as clothing and electronics to interactive services such as design or education These offerings create a vibrant market where individuals can purchase and products and services have been sold and played an important role. Because buyers and sellers often interact directly with each other, trust in the integrity of the transaction is important. Various person-to-person websites offer functionality, like user reviews and scores, helping create belief between individuals interacting. Positive feedback and reputation can convince a salesperson and increase the likelihood of a sale. Typically, C2C connections are supposed to be informal and delegated. Unlike business-to-consumer (B2C) transactions, which are defined by contracts and formal rules, C2C transactions can be fluid and flexible.
This informal process can bring both advantages and challenges, as it allows greater freedom and creativity but can also increase the risk of dispute or fraud The rise of e-commerce and digital technologies has expanded C2C commerce and more prevalent. Online platforms simply link buyers and sellers worldwide. This is about geographic and cultural divisions. These platforms create chances for individuals to discover new markets and earn income. They make it effortless for people to buy and sell goods or services online. Connecting global peer-to-peer commerce opens up new possibilities across boundaries. C2C e-commerce is an essential part of today's global market. It lets consumers directly communicate, purchase goods, render services - boosting economic activity and interactions. Yet it faces hurdles like establishing trust, ensuring security, complying with regulations. Despite challenges, C2C e-commerce flourishes, empowering individuals to engage in transactions, driving growth. Airbnb is also available