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Factor affecting online purchasing behavior
Factors affecting online shopping
Factor affecting online purchasing behavior
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Retail Shopping vs e-Commerce (Online Shopping)
Contents Page
Summary 3
Introduction & Background history 4
Objectives to study 5
Review of Literature: What is literature saying about my topic? 6
Methodology 7
Ethical Issues 7
Findings 8
Conclusion 12
Referencing 13
Data Gathered from questionnaires: Appendix 1 14
Summary
This report illustrates how the changes of technology have had an impact on the ways consumers shop. While there are soaring demands for consumers who shop online; there are also consumers who still much prefer the old fashioned method to walk into a shop and take the experience to physically search for the items they want.
This research proves that although many people own the most advanced technology,
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The data composed from the questionnaires illustrated a strong positive correlation on consumers who shop in retail even with the continuous superiority of technology and the availability to shop online. The questionnaires distributed to the applicants were dispensed in order to examine the pros and cons of retail and online shopping. In parallel to this, attitudes on whether the applicants prefer to shop online or to shop in retail were also …show more content…
Many shoppers now lead busy lifestyles as of having to work or having to study meaning they do not have the time to physically visit shops to buy the items they need. The participants who are between the age group of above 37 are currently working and the rest are all studying. Online Shopping offers door to door delivery and is often fast and free when shoppers spend a minimum amount on their purchase. What can be more convenient than having your items delivered straight to your door? A lot of retail shops also offer free click and collect service. Consumers can order their items online and have it ready to be collected in store; again providing excellent convenience while saving a lot of consumer time and effort. From the bar chart we can analyse that the participants have chosen eBay, Amazon and department store sites as their most preferred online shopping destinations. Online research also shows that the 3 most popular online sites are also: Amazon, eBay and Wal-Mart, a retail department store within the US. (Anon, 2013) Amazon and eBay are shopping sites that are well known worldwide and sell everything and anything. Amazon offers free "super save delivery" while eBay offers "click and collect" in many Argos stores. Time is saved on having to walk around retail stores to find specific items. Consumers are able to buy products from any part of the world. From the questionnaire 8 out 13
Paco Underhill, the author of Why We Buy: The Science of Shopping, created a company in which he and his colleagues credited themselves on mastering the science of shopping. Big name corporations would hire him and his company to execute research in their establishments, whether it is a department store or a family restaurant, and determine how they can be more efficient in their selling strategies. Through his years of service, Underhill has uncovered incredibly insightful bits of information that have allowed these companies who get the help of Underhill to have one up on the competition.
Brick-and-mortar businesses can use these technologies and the behavior of consumers to enhance their business. Customers are used to shopping online therefore businesses should give them the opportunity to shop online even at the...
They expect more from retailers every day better value, more convenience and solutions that help them save time. Technology has given consumers almost limitless choices when it comes to what to buy, how to buy it, and how much to pay for it and they are taking advantage of it in increasing numbers. We are broadening our offering by growing our online businesses, developing our store formats and improving our assortment to give our customers shopping alternatives that meet their changing needs. We are accelerating the growth of our online businesses so our customers can shop when, where and how they want either in our stores or online,
When comparing two different ways of shopping most people do not even think about, 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. Did you ever stop and think how can I get more time in the day for family or just myself? The best way to figure out with all the recourses we have; still most of us go into a store and spend time looking through racks and waiting in endless line to just purchase something. I compared going into a store verses online shopping; to see which on will save you time and money.
The Prevalence of E-Commerce Introduction The most common and traditional way to purchase goods for us is go to the high street stores where we pick up the goods what we like, pay for the prices at the check-out desk. However, the way has changed; 21 century is the world with E-commerce. People can no longer go to stores instead of buying all products at home over the internet. We can’t ignore the benefits of e-commerce. For consumers, e-commerce is great as everyone likes the ease and convenience of shopping online.
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.
In today’s competitive market, consumers are the kings. They are the decision makers. The behavior pattern of the Indian consumer has undergone a major change in the organized retail sector. The consumer landscape is changing very fast. Occupational changes and penetration of media have caused a significant change in the way the consumer lives and spends his money. Consumer now wants to eat, shop and get entertained under the same roof. Consumers today see an exciting explosion of choices, new categories and new shopping options and have increasing disposable income to fulfill their aspirations. They are looking for more information to make these choices. Consumers are increasingly seeking convenience in shopping and want the shopping experience to be enjoyable. Shopping is no
Customers are quick to fall into the category of “belonging” found in Maslow’s hierarchy of needs. They feel as if in order to belong or to feel loved and respected by others they must try to attain what everyone else has or wants. This is especially true during the holiday season when people feel that what they buy reflects how they feel about the people they buy presents for. If you feel that you must purchase a certain present that you know will be out of stock and hard to find, you are better off shopping online or by mail. Shopping online and by mail is becoming the new wave of shopping and it is a smart, convenient, and timesaving process.
In this week’s reading on technology, we learned how technology strongly affects our society. An example of this is how we shop. The widespread of households owning a home computer has made it possible to shop from the convenience of our home, twenty-four hours, seven days a week. The popularity of online shopping is quite evident in the number of retail stores closing and filing bankruptcy (CNNMoney (New York) First published by Jackie Wattles April 22, 2017:
People are always going to go shopping. A lot of our effort is just: 'How do we make the retail experience a great one? '” - Philip Green
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.
The main advantage of online shopping is convenient. Online shops open 24/7. People who live in remote areas do not need to speed long time on the traveling to the stores. Consumers who come from other cities/countries can easily buy the native and specialty goods by just a click instead of going to that cities/countries themselves. The relevant information of products can be received from any location in seconds. Study showed that 72% of online shoppers preferred surf online than go to retail store to attain information about a product (Lokken et al., 2003). Online shopping also has greater price information (as cited...
The rise of the Internet and Internet retailing in the latter part of the 20th century and into the 21st century saw another change in retail design to compensate. Many different sectors not related to the Internet reached out to retail design and its practices to lure online shoppers back to physical shops, where retail design can be properly utilized.
Online and in-store shopping differentiates in various ways. However, they both are convenient ways to shop. Recently, online shopping has been most convenient for me, but I enjoy both ways of shopping. I believe that shopping preferences change depending on a person’s situation. I noticed that many people are starting to prefer online shopping more than in-store shopping.
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