Difference between B2B & B2C

Both have similar goals, but communicating with a different type of audiences. Here are the key differences between B2B and B2C.

B2B (Business to Business)

• A business that operates by selling its products to other businesses.
• Focuses on the return of investment, the logic of the product and its specifications.
• Businesses work harder to streamline the buying process, to save time and money.
• B2B industries have the traits like fewer customers, larger orders, higher value orders, longer decision time and longer relationship is formed.
• The buying decision is based on Price and Profit potential.
• It builds a good relationship with other parties and increases business contacts.

B2C (Business to Consumer)

• A business that operates by selling its products directly to consumers.
• Focuses on the benefits of the product and invoking an emotional response from the customer.
• Its more about stimulating behavior to satisfy instant needs, get the problem solved and let them be on the way.
• B2C have the traits like more customers, smaller orders, lower value orders, short decision time and shorter relationship
• The buying decision is based on Price and Popularity among the target audience.
• It helps in building customer loyalty.