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The impact of e-commerce on a small business
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Recommended: The impact of e-commerce on a small business
Online shopping also known as e-commerce is a process of buying, selling and trading of goods online through internet with the help of electronic gadgets like smartphones and computers etc. It is a convenient way of shopping where users can make purchases and sell their products anytime they want throughout the day.
There are millions of internet users now in Pakistan, and their number is increasing every day. Due to the introduction of high speed 3G and 4G internet by cellular providers in country, the trend and awareness of internet in increasing greatly among people which ultimately increasing the trend of online shopping among people throughout Pakistan.
With many big online retailers like Daraz.pk and Homeshopping.com, many online shopping
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It includes all kind of small and big local retail stores.
Following research study shows the trend of increased interest among people for online shopping and whether online shopping websites are effecting the sales of conventional retail store or not.
Basit Rehman (2013) posted in an article that the past of online shopping in Pakistan was very bleak. Reasons being the lack of internet among the populace, and awareness among people regarding online shopping. These reasons also suggested the slow growth of online shopping in Pakistan as compared to other world. According to the author, the Pakistani people living in abroad helps a lot to jump start the processes of increased awareness regarding e-commerce in country. These Pakistani people, because they are living in abroad and aware very well with the e-commerce and online shopping. They attract many
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He suggested that people prefers to save their time, see their convenience, and want to save as much money as they can on fuel expenditure and other similar things, and online shopping can provide them all of these as compared to conventional retail stores. He further explains that browsing products digitally and buying them with one click in way more easier than going to a retail store and browsing them manually. He explains that good customer services and feedback of other users is also one of the important thing which online shopping website can provide to their customers. Also, customers don’t have to pay sales tax while shopping online. And one ot the most important reason mentioned by the author is the increased amount of terror and street crimes in country in past few years. People, specially who are living in big cities like Karachi and Lahore, now feel more safe to buy products online from a trusted store, rather than going out in late our and risking their lives and money. Especially during the purchase of expansive products like laptops, cellphones of other similar
Electronic commerce (ecommerce) refers to a type of business, or commercial transaction, that engages the transfer of information through the Internet (Boltzan, P. 2008). In other words, it is the buying and selling of goods and services including the transferring of data and funds over an electronic network, predominantly the Internet. The leading benefits of ecommerce include twenty-four seven access, and availability, international scope, larger range of goods and services and the speed of accessibility. Ecommerce utilises a variety of functionalities such as email, Web Services, Fax, Shopping Carts and Online catalogues. After a somewhat slow start ecommerce has developed into the largest retail growth area in the world (Kearney, A.T.
Customers like to stay entertained while hunting for the perfect gift. Shopping in stores can be boring at time causing the customer to shop online in the comfort of their home (No One Is Talking about a Major Reason That People Aren 't Shopping for Clothes in Stores). Online shopping can be more exciting to people than going into the actual store.
The alternates available for shopping across UAE have been unlimited and one of the main factors which have helped in the growth of shopping across the Middle East giant has been E-commerce. There has been a huge growth of internet shopping across UAE and it does reflect the convenience which has been portrayed by implementing this trend across the region. Constant growth and development of science and technology has helped corporations in deliver products and services online and it helps customers in shopping with just a single click.
E-commerce means that the company runs their business online, not like the traditional business way. We have to go the shopping mall or store to get goods that we need, E-Business is the enabling of electronic communication between any two or more participants in a business relationship. It helps companies capture abroad business field, cost saving, and market opportunity. E-commerce is an important factor that is making people’s lives more efficient.
A number of consumers strongly advocate the use of online shopping system brings convenient to purchase products. Fabiola (2006) notes that, “the Internet is open 24 hours a day, 365 days a year”. As customers could surf the Internet every moment and everywhere, they could shop in the time which is the most suitable for them. Therefore, the development of online shopping system helps people who need to work until very late at night and when a large amount of shops are closed already. Besides, consumers are likely to buy products that are unsold in Hong Kong. Diamond and Pintel (2008) illustrate that due to buyers can surf some overseas stores website, they may gain those products’ information and buy them. Moreover, air transportation and transshipment are supporting logistics: products can be transport to Hong Kong from far away easily. Thus, Internet solve the limitations on shopping time and place, consumers might purchase more convenient.
E-commerce or electronic commerce is carrying out business communications and transactions through computers and over networks. It involves buying and selling of goods and services through digital communication. E-commerce also includes transactions on the World Wide Web and the Internet and means such as electronic funds transfer, smart cards and digital cash. E-commerce covers outward facing processes that interact with customers, suppliers and external partners such as sales, marketing, delivery, customer service, purchasing of raw materials and supplies for production.
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.
In the case of Asia, the survey reported 77.6% of Internet users had online shopping experiences in 2003 (as cited in To, Liao & Lin, 2007). Online shopping is very different from traditional shopping. Consumers cannot touch and check the product before purchasing it, which means they are at a higher risk of fraud than traditional shoppers. Consumers also have other concerns, such as credit card security and online shopping. Then questions should be raised: what are the advantages of online shopping?
E- Commerce is a phenomena that is emerging rapidly between businesses all over the world, and it has affected the businesses at all sizes in many aspects.
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.
Online shopping is the latest and greatest craze in the history of the internet, it’s fantastic! You can sit in the comfort of your own home, being as daggy-looking as you like and shop for all your pantry needs or buy that dress you’d like to wear out this weekend, its takes shopping to a whole new level. My favourite online shopping (because I’m female) is online fashion, I love the convenience of being tired and not having to go anywhere to get an outfit.
As the electronic commerce develops to a crucial part of the Internet activity, online shopping begins to dominate people’s shopping experience. The fact that shopping becomes a process that can be done by clicking mouse at home makes people more willing to shop online rather than going out to see the real items. Due to various visual tools and easy returns, apparel gradually becomes the category that drives the growth of e-commerce. Online sales of apparel and accessories are now the fastest growing segment, according to eMarketer, though inability to “touch, feel and try on items” before making a purchase was considered to impede sales online, the sales still “grow 20% to $40.9 billion in 2012, up from $34.16 billion in 2011.” The ascending trend will continue from 2013 to 2016, increasing the total retail e-commerce sales from $289.8 billion to $361.9 billion (Fredricksen 2012). With the proliferation of online shopping, more retail stores see the potential of e-commerce and enter the market.
The Internet is rapidly becoming widespread and widely used as a tool for globalization across the world. As the Internet became more easily accessible by most people in the world, the web is bringing significant implications and changes to the way we live, including the way we shop. There is a rapid growth with e-commerce and moving businesses onto the web and retail success is no longer about stores and shopping centers. In developed countries, about two thirds of the population have access to the Internet making the option of online shopping is easily accessible to most people (Valerio). With the ease of shopping in your own home there are many benefits of doing your shopping online. Consumers can easily compare prices online, there is a larger range of products on the web, you can save time by having your shopping delivered right to your doorstep and it also overcomes physical barriers. Over the last decade online shopping has challenged and replaced the traditional means of physically going into shops as the digital world has provided customers with further convenience, flexibility and comfort from shopping from your own home.
Electronic Commerce as popularly as E-commerce has become a big deal in our growing economy due to the increase use of online systems. E-commerce now of the fastest growing business in the world. The technology has change the way of business. Business that have physical location have now made it an effort to focus their online business. It is the new sort of business platform where you can make use of different technologies like electronic data interchange or transfer document electronically. Online business is an effective of sales.
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