Compare between Classified VS E-commerce

Classified VS E-commerce

In this modern life, we all are aware of the fact that how the internet plays a major role. From messaging to purchasing products is done online which make people rely completely on the internet. Now it is impossible for anyone to pass a day without the internet.

E-commerce website

E-Commerce is a platform where buyers buy and sell new products and services online. Anything could be ordered while staying at home.

B2B (business to business) and B2C (business to customer) are the two business models in e-commerce. It shouldn’t only focus on selling products or getting more customers but also focus on the business plans for proper marketing to customers. Business is referred to as sellers, and customers refer to the buyers. People are able to make their purchases faster after the evolution of e-commerce. Small companies to large corporations invest in various e-commerce websites to take their business to next level.

Now people are more focused on convenience in everything they do. E-commerce clears their path in online purchases without any difficulty. Here, the product can be purchased directly from the website. The customers can choose the e-commerce platform to avoid any hassles of shopping. The websites are also designed to make their purchase easy. For this reason, people are more attracted to shopping in e-commerce. This also creates a huge opportunity for many web development companies.

Some of the popular E-commerce websites are:

  • Amazon
  • eBay
  • Flipkart
  • Snapdeal
  • Walmart
  • Classified website

    The buyers and sellers use the classified websites as a medium to buy and sell their new and second-hand products. It is the simplest way to make money online as we can do this at a meagre cost. The sites like Amazon and Flipkart are the best examples of such websites. These websites are designed in such a way that they can connect you with buyers.

    The idea of classified websites came from newspapers where people post ads on products or services they want to sell and the buyers contact them. Similarly, on a classified website if someone is interested in your product, they will contact you through the website. In this way, you could get rid of unwanted products of good quality.

    Free as well as paid listings are available on classified websites creating a viable platform for all kinds of people. The product or service is purchased from a classified site after contact with the seller or service provider.

    Some of the popular classified websites are:

  • OLX
  • Craigslist
  • Gumtree
  • Oodle

    1. Product/ Service Owner

    On a classified website, different individuals own the product or services kept for selling. The purchase and the payment process are done through the website.

    In an E-commerce website, any particular company will be the owner of the website as well as the product or services on the website. The payment transactions based on the purchases are managed entirely by the company.

    2. The receiver of the money

    On a classified website, the owner gets paid by the buyer of the product or service. On these websites product or service listed belongs to different people. So the money from the transaction is given to them.

    On an E-commerce website, the money is received by the company. Money from the website is returned to the company that owns the website and the product or services.

    3. How do they earn revenue?

    There is a dubiety of how the website owner earns profit from this business as it is a part of the contribution to the society.

    At a variety of prices, e-commerce provides a wide range of products to customers. They earn a profit from the product sold as they are the owner of the website. On a classified website, a fee is charged for each of the products listed on the website. Also, a promotion fee is charged for the ad to be listed at the top of the website. Some websites may give free ad listings as they give premium services for an additional fee.

    4. How the payment is done?

    The classified website act as a link between the buyer and the seller. The seller list the ad for the product or service they want to sell and the buyer contacts the seller for purchasing the product they want on the website. The upcoming procedures of the payment transaction are done offline and not inside the website in the case of a classified website.

    But in E-commerce websites payment should be done online using various payment methods such as debit card, Paypal, credit card, mobile money, cash app, etc.

    5. Delivery

    Even though both are websites They vary in different functionalities. One is of delivery options provided.

    In E-commerce, the stores provide home delivery, shipping, or any kind of delivery method. The delivery methods on the classified website are between the buyer and the seller outside. The website does not have any jobs in the delivery process.

    The main purpose of the classified website is to act as a medium between the buyer and the seller where they get charged for the products or services listed. At the same time e-commerce, they sell its products at a specific price to the buyers. Now it's clear that both websites are different in many ways but act as a helping hand for the people struggling to go to physical stores.