ONLINE SHOPPING Nowadays, online shopping becomes a common and important part in human life, and it has brought so many conveniences. It is fresh thing for human because it is created In recent century, but it develops very fast. More and more people are using it for shopping on the most of time even though old generation. This research paper will be going to research on when and what was the first online shop? What are the benefits of online market? What are the negatives on online shopping? And how does online shopping hope to develop in the future? Because those questions are interesting and exciting to research for. Online shopping refers to a business entity that allows customers to purchase either goods or services directly from the …show more content…
This figure is likely to rise with the continued trend in online shopping. This will lead to a very significant increase in the global economy. (Darrell) ADVANTAGES OF ONLINE SHOPPING One of the most obvious advantages is the convenience of online shopping. The customer can shop for the products and services at a time which is most convenient to them. Online shops accept orders from customers twenty four hours a day and seven days a week unlike the normal retail shops where one can only visit during the business hours. This limits the customers especially those who have to work for very long hours or those who work during odd hours. So online customers can go to their computers and place their orders whenever they have time at their hands. Online shopping is also convenient because the consumers are able to buy products and services from all over the world. Shoppers are thus not limited to products that are being produced or available locally but can choose from a vast majority of online products. This has made it easier for shoppers to acquire products that are limited to specific regions due to either geographical …show more content…
This is because online shops do not require a physical space and hence saves on the rent. Online retailers are also expanding the number of products that they offer online to include in store picking and also trying out online retailing that involves the social media. Many people are turning to online shopping because internet has become easily accessible and with the twenty four hour economy most people work most of the time and is thus more convenient for them to shop online. Online shopping sites are coming up with in store pickups where by an online shopper picks the items from a specified store or they set up pick up deposits for the people to pick up the products. Smart phones that have come to colonize the cell market are also widely being incorporated into online marketing. Applications can be installed on smart phones that will allow for the comparison of prices while doing online shopping and also suggesting new products in the online market depending on the shopping trends of an individual. There is also development of real time video shopping in the future. Retailers will upload videos of new designs of products citing their advantages and disadvantages and this trend is yet to come up to
Shoppers can see various items and can pick the particular which best suits their prerequisites. #2> Low costs: – The items existing online are of low costs as a contrast with different stores with remarkable offers at more rebates. Individuals also can get several bonus cards which can be used in order to get discounts on the buy. #3>
When comparing two different ways of shopping most people do not even think about the difference, they do both and not even realize it. In today's society people shop while at work, after work and on the weekends, whenever time permits. Stop and think how can I get more time in the day for family or just myself? The best way to figure that out with all the recourses we have is to go into a store and spend time looking through racks and waiting in endless lines to just purchase something. I compared going into a store verses online shopping; to see which one will save you time and money.
Also, the retail environments offer things that online shopping does not offer (Richardson, 2017). In the grocery business, customers like to pick their products over having someone else choose their products for them. For example, a customer knows what type, size, and cut they like, going to the grocery store offers them a butcher that can cut the meat the way they want. However, if they order the meat online, they will not know what condition the meat is in or where it shipped from which is important
The use of the internet and related technologies to encompass every business process that aim to integrate sellers with the consumers and suppliers using the internet is known as E-business. Before to decide to conduct business online is fundamental to know the main advantages and challenges that the company will deal with. The biggest advantage is expanding global reach, which means that the company can have a worldwide presence. The product can be available to customers from all over the world and it provides the opportunity to increase sales and open new markets that could not be reached before. In addition, an online strategy allows the company to be free of costs that are incurred only in physical stores. Besides that, the order process
The internet has been a major contributing factor to the emergence of E-commerce; it has also been the most used platform for the dissemination of virtual goods. Companies are able to use E-commerce to enter new markets that would have otherwise been excluded due to geographical locations and cost. E-commerce has made it possible for companies to extend their products to new sets of customers and new parts of the world. It also means that shopping and customer support for most are now 24 hours due to 24 hour call centers, automated services and 24 hour live help by using interactive chat sessions on the internet “Managerial Issues for expanding Web-based Electronic Commerce.” By engaging in E-commerce companies can lower cost by using an online channel. E-commerce can also reduce cost associated with paper based processes such as postage and printing. It also helps build customer relationships by giving customers faster and more responsive services. Another important factor for using E-commerce is that it allows ability to compete and survive in the emerging digital economy when it comes to the global economy (Tapping the power of commerce, 1999 )
Advantages of e-commerce: * The ability to reach a wider market * The ability to find information on competitors and to compete with larger businesses on an equal basis * Lower operating costs * The ability to buy as well as sell goods on the internet * Being faster than traditional retailing * Cost savings on marketing and promotion, e.g. producing fewer brochures * Offering more choice than traditional retailing * Establishing better customer and supplier relationships Disadvantages of e-commerce: * Staff- technical staff are an expensive resource * Building a customer base is expensive * Distribution- it is difficult when delivering orders to customers within a reasonable time period * Quality- online products should be equal in standard to the offline products * Expensive to set up e-commerce systems * Risk of fraud Interactive Communications Methods Interactive media is defined as the following: ‘A new telecommunication system designed to permit two-way communications between televisions or computers in one location with software stored on a central computer. Can also allow individuals in distant locations to communicate, teach, or learn from one another’. Examples of interactive communications methods include CD-ROMs; letters, memos and e-mails; the intranet; one-to-ones; meetings; phone calls and videoconferencing calls.
the most common type of e-commerce is Business to consumer . When the business is a trader, and the consumer is the client this form is used. The business to sell items through its Web site is the most common set up for this type of e-commerce. Usually, these businesses offer a list and an online shopping cart, and the business is able to accept expense through its Web site. The creation is shipped to them directly, or the consumer then has direct access to the service online. Business to Consumer refers to export and promotion export of services goods and goods via the web. where the sales are made generally to the consumers in its place of other businesses this is a business. There are no enormous reserves required for beginning a business is the advantage of this type of e commerce models . Which they are introduced to the customers this is because the different types of e commerce application have seen far more developments of the model based online stores using. can be made use of to develop character sites along with graphics and logos for the retailer to enhance their business is the latest application technology of the internet. Without the requirement of any other hardware or software, the only accuse they will have to pay is their monthly rentals. the consumers can enjoy are that the shopping done over the internet can be quicker and easier with a number of deals accessible by the retailers that some of the other advantages .
Online shopping is most convenient for individuals that don’t have time to go to the store. If you’re busy with an online job or online classes then online shopping can sometimes be more convenient. It’s also convenient since you don’t have to drive, catch the bus, wait in a long line, or deal with not being able to find an item. All you have to do is type in the item you’re looking for and it’s there. Once you find the item, you can order it at anytime because online stores never close.
...shop at home and any time without going anywhere and just sit in front of the laptop, computer or any other devices that may connect to the internet to do purchasing. Consumers usually want to save their time and money to search products and services by using internet. It is easy for them to survey the items that they want and making purchase by online easily. It can take several days physically o go form a location to different location and it cost customer’s time and fuel to find the items that hard to find. Apart from that, e-retailing also is an efficient way for retailing business to do business transaction. The cost to start the business is less than doing business with brick and mortar. Plus, fewer license and permits required doing this type of business. Fewer employees needed to run this e-retailing business and it can avoid from paying high utility costs.
Consumers who come from other cities/countries can easily buy the native and specialty goods with just a click instead of going to those cities/countries themselves. The relevant information about products can be received from any location in seconds. Study showed that 72% of online shoppers preferred surfing online than going to a retail store to obtain information about a product (Lokken et al., 2003). Online shopping also has greater price information (as cited in Solomon, 2007, p. 354).... ...
Online shopping has been growing since the put the first online store on the web, now you can shop from anywhere around the world and have it shipped to you directly. Comparing the product against other online store competitors; making it easier to find the best price on the web. You can research the product and make sure this what you need before buying it. The internet is twenty-four hour shopping center, you can shop at what ever time you and wherever you have time for it, making it more convenient to use online shopping. Using it can create more time for the things you would like to do.
Online shopping allows you to compare prices with other stores and endless sizes and colors are available to you that normally wouldn’t be in stores. The convenience of being able to check multiple stores prices without having to waste gas to drive to multiple stores to find the best price is just one of the many ways shopping online can save you money. We all know children grow at an exponential rate so having to go to the mall multiple times a month is frustrating and tiring. Being able to have someone deliver whatever you desire right to your doorstep is like receiving a gift. Another pro of online shopping is having access to customer reviews. Yes, you may be able to physically hold the item if you were buying it from a store, but by reading the customer reviews you can decide if the product is worth the price. You can even write your own review to inform other people of your opinion of the product. If you don’t like the product, most places allow you to ship it back hassle-free with a full refund or
In today’s era “INTERNET” is playing a significant role in our daily life. People can walk through the internet to one who is actually living on the different side of the planet, can send mails round the clock, search information & even buy things online. With this invention of internet there is a shift in traditional way of shopping. Now there is no need to open a physical store. One can be active at any time and place and purchase products and services. The number of users of internet is increasing day by day which means that online shopping is increasing. Various characteristics of online shopping is making it more convenient for the customers, as compared to traditional way of shopping such as the ability to view and purchase goods and
As the author of the article concedes, the online shopping has flourished in the past years. Many customer have seen the advantages of e-commerce in the ways of time and money saving. Whit a simple click on the keyboard the goods are uploaded in a virtual cart and from there are delivered to the customer address. Also, the online stores have the opportunity to create a customer database and a customer profile. The customers receive periodic reminders of the new offers and sales via email or mobile phone messages. In the meantime, many classic stores have struggled to maintain the business keep up. According to the article, the brick and mortar stores will implement new features that conduct customers to an easy and pleasant shopping. For instance, the retailers will use the customer mobile phone as a concierge application. The customer will be informed about latest products and their availability. Furthermore, the customer will have the possibility to track needed items inside the store with the help of store mapping and products locations. If the customer will change the shopping list, the app will provide the route to the new item. Also, when a customer will passing a store the app will remind the last customer visit into the store and
The high take-up of the Internet leads to variety of opportunities in front of companies. People are more online than ever. They spend many hours each day on Social Networks such as Facebook and Google+. It is no wonder that buying and selling can now be done in a more convenient way. Although traditional shopping is still thriving, online shopping can be an alternative for people wanting to save time and money. If a certain customer plan to go shopping, it could be stressful and also be time consuming. E-business has made shopping or any kind of transactions online much easier and convenient. It introduces new facilities, opportunities and way of shopping for both vendors and customers.