Pros and Cons of E-Commerce

540 Words2 Pages
bulb-icon

Recommended: Benefits of internet in e-commerce

Pros and Cons of E-Commerce Electronic commerce or e-commerce involves the buying and selling of products or services over the internet. Put simply, e-commerce means conducting business online. E-commerce software programs run the main functions of an e-commerce web site, including product display, online ordering, and inventory management. This software resides on a commerce server and works in conjunction with online payment systems to process payments. E-Commerce can help a small business off to a great start or can make it fizzle into bankruptsy. It can have a positive and negitive impact on the success of a small business. There are many pros to e-commerce. One factor is that e-commerce provides service and performance by offering a user-friendly experience. In a regular business, the retailers may have to go some way before achieving such a responsive goal. E-Commerce also provides an attractive website. The colors, graphics, and animation can help an e-commerce site become successful. The website can also influence the customers to purchase and return. Promotions, coupons, and discounts increase the chances for a customer to use the site more frequently. Websites can provide the customers with personal attention. The customer can personalize the website to better fit their likes and remove their dislikes. Purchase suggestions and personalized special offers can most of the time substitute person to person in...

Show More
Related

  • Not Your Average Ice Cream Shop Case Study

    1284 Words  | 3 Pages

    First of all e-commerce is an area of marketing that uses networks to buy, sell and service a business 's products and services. Some pros e-commerce offers overall is that is can reach a wide variety of customers all over the world rather than just the ones in our area. Customers often impulse buy when online shopping which is a bonus for us when it comes to the online business. It is also easier to keep track of competitors and price changes since the competitors website is easily accessible. It’s also a great way to highlight major sales and make them more public than one would be able to just promoting it in a store. For example using social media and the website we can easily get the word out about special deals like buy one get one free drinks. Some cons; however, is that it takes away from interaction with customers. Customer interaction and good customer service is a key point in keeping our customers coming back to Not Your Average Ice Cream Shop so not having that connection could possibly hurt us in the long run. There is also a higher risk of losing money due to hackers and online fraud that could cause a business to lose it’s online customer base. Also a website can’t always be reliable since there is always a possibility of servers crashing or a customer not having access to the internet at all. Lastly, you can risk losing company information to scanners which can cause your

    Read More

  • Farce to Force: Building Profitable E-Commerce Strategy by Sarah McCue

    1435 Words  | 3 Pages

    The author suggests the following barriers to electronic commerce enterprises: cost; security; lack of success; lack of business e-commerce strategy; lack of national e-commerce strategies; lack of support in business assistance; lack of knowledge and application of information technology; lack of adequate internet service providers; limited use of internet to locate and buy products and services; conflict with customers’ tradition buying practices; inability to identify successful e-commerce industries or sectors; inability to identify what products sell well; and inability of government to provide solutions.

    Read More

  • Taobao Case Study

    851 Words  | 2 Pages

    The e-commerce company’s strategy focus allowed it to differentiate itself by providing better services to its customers. The company put an innovative business model in which customers would try out the company’s services without any cost. As time progressed, the company was able to generate revenue from alternative means. In addition, the company began to generate revenue from an increase in the willingness of its users to pay for additional

    Read More

  • E-Commerce and Vladimir Zwass

    2865 Words  | 6 Pages

    E-Commerce is a shortened word which means Electronic-Commerce. Vladimir Zwass (2001) defines E-Commerce as the process of carrying out business transactions by the use of telecommunication networks. It involves sharing business information and maintaining business relationships.

    Read More

  • Ecommerce Essay

    804 Words  | 2 Pages

    Generally, an ecommerce website should be user-friendly so that customers can find it useful, interactive and be able to make purchase easily. Such website should always catch the attention of customers and keep hold of them. However, nowadays, many e-commerce websites are failing to keep hold of customers. Why? Just because your website is aesthetically pleasing and operational doesn’t mean you will sell like hotcakes. You need to dwell more on e-commerce

    Read More

  • Coupon Essay

    1072 Words  | 3 Pages

    John Walsh, Sue Godfrey In 2001 E-commerce, or shopping electronically through the internet, is reforming the way retailers work together. E-tailers offer preferable client benefit over their blocks and mortar partners. They customize destinations, make open doors for customization and give included esteem. They regard clients as people rather than portions.

    Read More

  • Comparison Of E-Commerce And The Textile Industry In India

    1426 Words  | 3 Pages

    Price / product comparison: E-commerce helps for the textile firms to display their products online. Customer can view, compare, analyse the different prices and quality of the different products. More than that at a time a single person can compare ‘n’ number of products of different textile industries.

    Read More

  • E-Commerce

    1982 Words  | 4 Pages

    Electronic commerce, or e-commerce has developed exponentially in the last few years and has left some in the cold. The majority of people think e-commerce is just about buying and selling things over the Internet like through auctioning sites such as E-Bay and U-Bid. However, E-commerce is a broad term describing the electronic exchange of business data between two or more organizations' computers. Some examples might be the electronic job applications, on-line services like America online, and on-line billing that automatically pays specified bills each month so you don’t have to mail a check. E-commerce also includes buying and selling any item over the Internet, electronic banking so you can transfer funds between accounts or stocks, smart cards, and all other methods of conducting business over digital networks. “The primary technological goal of e-commerce is to integrate businesses, government agencies, and contractors into a single community with the ability to communicate with one another across any computer platform.”(Edwards, 1998)

    Read More

  • An Introduction To E-Commerce For Small Business

    811 Words  | 2 Pages

    In India there are many small entrepreneurs setting up an e-commerce model for their businesses. Ecommerce can be fruitful for an organization over the web only if there is a solution to an existing customer problem. This paper aims at introducing basic e-commerce concepts to entrepreneurs who wish to set up an online model (Internet).

    Read More

  • Small Businesses and E-commerce

    3490 Words  | 7 Pages

    E-commerce is simply the ability to conduct business and personal transactions over the Internet. One of the most popular forms of e-commerce is business-to-consumer transactions where a company or business sells its products and services to a consumer over the Internet. Some examples of this type of e-commerce are Amazon.com, Nobles.com and CDNow.com. Albeit the popularity of this kind of e-commerce, the majority of e-commerce transactions are of the business-to-business (B2B) kind where sales occur between businesses [1].

    Read More

  • E-Commerce

    2469 Words  | 5 Pages

    INTRODUCTION We always feel that we are behind the times, whenever we try to stay apace with technology. With the beginning of the new millennium, computers became the international language. Computer today is not only the language of people but also for business. Internet is the tool used by business in term of electronic commerce. In the discussion I will try to state how e-commerce influences business in the new world with the vast growing of the Internet technology. First, I will define what is e-commerce. Then, I am going to highlight some comparison between the traditional and electronic commerce. The benefits and disadvantage of e-commerce will be the following step. At the end of discussion and briefly I will mention e-commence technologies. Then comes the summary where we can find what was covered in the discussion. At last I will try to write the conclusion of this assignment. DISCUSSION Electronic commerce seems to be everywhere in our life today. It is hardly that you open a newspaper or magazine without coming across a subject or an article about e-commerce, but how can we define e-commerce? What is E-Commerce? E-commerce is any commercial transaction done electronically using the computer, through the Internet technologies, such as the World Wide Web. In another words, it is the buying or/and selling of goods or services on the web. Moreover, electronic commerce had included the handling of purchase transactions and funds transfers over computer networks. (Understanding E-Commerce, David, 1997, P.2) Meanwhile electronic commerce is getting stronger than ever. The Internet has given e-commerce a boost. E-commerce is the wave of the future allowing businesses of all sizes to sell their goods online. It is growing along with the Internet too rapidly. E-Commerce brakes all the time and geographical boundaries providing a direct deal with end costumer. This definitely expands the business opportunity to satisfy costumers’ demands for product, service, and information. Electronic commerce doesn’t only include the transaction of traditional commerce, but also generating demand for its goods and services. The definition of electronic commerce is kind of dynamic. As you go deeper into knowing it, you will have better definition and with the time even a new different definition. Traditional Vs. Electronic Commerce Transactions In the traditional business, manufacturers use dealers, distributors, and retailers to represent them. For many years, manufacturers’ representatives believe that the physical presence at the point of sales plays very important roles.

    Read More

  • E-Commerce

    1235 Words  | 3 Pages

    What exactly is e-commerce? Most casual internet users think that e-commerce is just buying and selling online. Yet this is not the case. Simply put, e-commerce is the electronic exchange of business information between two or more organizations. There are e-commerce conducted between businesses and those that carried out between a business and its consumers. Business-to-business e-commerce take place in electronic data interchange over private networks. Companies that regularly do business together will setup an automated and fast info exchange such as stock deliver and receive confirmation. For business-to-consumer e-commerce, the Web has become the dominant pipeline. It includes buying and selling any item over the Internet, electronic fund transfer, shipment tracking, and all other methods of conducting business over digital networks. Also, there is consumer-to-consumer e-commerce that involves consumers selling products directly to each other using the internet. A good example will be the auction site eBay. Clearly, E-commerce will change the face of business forever. Companies that are thousands of miles away can complete business transactions in a matter of seconds as well as exchange information.

    Read More

  • The Benefits Of E-Commerce

    1019 Words  | 3 Pages

    E-commerce is the buying and selling of goods and services using the internet. It is facilitated through online shopping, online marketplaces, or electronic data exchange. It can also be described as a market where buyers and sellers transact via internet and payment is made through E-credit. Although traditional business is also present and highly used in the world, the e-commerce is rapidly becoming popular forcing traditional business to go online.

    Read More

  • E-Commerce Essay

    1274 Words  | 3 Pages

    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.

    Read More

  • The Growth Of E-Commerce

    1733 Words  | 4 Pages

    E-Commerce or Electronic commerce is the trading of services and goods using the internet as the medium for communication. There are various advancements in technologies like mobiles, laptops etc which facilitate the working of this sector. Various technologies used are mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems and automated data collection systems. E-Commerce websites usually use the world wide web for advertisements, transactions and employ engineers, management, logistics, administrative jobs for smooth functioning. E-commerce users come from social media marketing and SEO.E-Commerce usually does either

    Read More

More about Pros and Cons of E-Commerce

Open Document