As the technological network improved rapidly and both sellers and customers could gain the benefits from e-commerce, it became favorable for the game-changer to emerge. Also, willingness to improve the online shops lead to a lasting impact. Providing a convenient way for customers to the marketplace and creating more interactions between sellers and customers were the reasons why e-commerce was a game changer. A convenient way to the marketplace is provided by e-commerce as it is available anytime for every customers. This can meet the need of the customers who have not enough time (“The Internet and the Consumer Marketplace” ,2012).In other words, they can get into the online marketplace at any time, through Internet, even though they are lack of time to purchase goods they need from shops.
Unlike the brick and mortar stores, the e-commerce websites are able to handle a large number of customers at the same time there by saving on the time a client would spend queuing on store awaiting to be served. The use of payment services, such as PayPal and Skrill, makes online shopping faster and simple. The added security measures helps keep the sites secure, thus improving on customers trust. Challenges and Opportunities in the E-commerce Regulation Issues. Businesses require consistency in regulation to avoid repeated change in decisions.
Online shopping uses computer and a connection to the World Wide Web; consumers can visit many major department stores to buy a broad range of products and not even have to leave the comfort of their homes. E-Commerce & Shopping Many consumers avoid the hassles of in-store shopping by doing the majority of their shopping online. Articles, such as books, clothing and house wares, easily purchased through E-Commerce websites have become a popular and profitable business since the Internet was created. Busy lives and the need for two-parent incomes have made the need for online shopping a necessity. Find out more about E-Commerce and online shopping and how they benefit your
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.
For consumers, e-commerce is great as everyone likes the ease and convenience of shopping online. For businesses, e-commerce is also great managing suppliers and conducting business transactions over the Web saves time and money. Without doubt, e-commerce provides huge convenience for not only consumers, but also the business. Notwithstanding online goods selling makes for consumers a speed, simplicity and variety of goods on offer, for the sellers a ready-made, instant audience that secures them the best price, it involves huge risks. Many buyers complained of sellers’ performance for late shipments, no shipments, or shipments of the goods which are not the same quality or description as advertised, insecurity of payment by credit or direct card, etc.
Retails success is no longer all about the physical stores this is because of the increase in the retailers now offering online store interfaces from customers. With the growth of online shopping, comes a wealth of new markets footprint coverage opportunities for stores that can appropriately cater to offshore markets demands and service requi... ... middle of paper ... ... on your PayPal account and bank details would be private. Transfer money You would will be able to send money through PayPal. Users would be able to instantly transfer money to themselves, this would save a lot of time just with few clicks. App The application where it makes it easier for the user to shop and transfer money whenever they want to.
The consumer can browse through a whole shopping mall from the comfort of his or her own home, and products can be purchased and delivered right to their home. E-Commerce removes the hassle of crowds and line-ups from the consumer's routine. The supplier has the advantage of keeping their store open twenty four hours a day, seven days a week - without having to hire the staff to maintain it which saves a lot of money which means they can focus on better prices for their products and greater profits. The Internet opens up the customer base widely, allowing many customers the opportunity to view their product. First, businesses can communicate with customers easily.
Outsourcing to another company that specializes in a certain function can help reduce unnecessary overheads, capital costs and investments, allowing room to maneuver and focus on providing customers with a valuable product that ensures success. Proud traditional companies are finding themselves out-matched by smaller companies, even startups, based on an e-commerce model. The reason being that these traditional companies have costly infrastructures and processes that are outdated in the modern era. E-commerce allows small companies and even startups to grab a hold of market share that was previously held by traditional companies very quickly because they avoid the costs of large overheads. In addition, most e-commerce enterprises will sell items that are shipped directly to customers from distributors, allowing fund allocation to finding out the market wants and ensuring superior customer service.
The industry has definitely grown with potential in terms of not only generating revenue but also reducing the costs in running a online retail business. With the main recipients of e-commerce who are the Marketing, retail outlets, insurance, government, travel industries, training, online publishing vendors. Looking at Traditional Commerce and E-Commerce: As there is a significant difference in the e commerce which is when there is no physical store and in which most of the cases the seller and the buyer don’t see each other, transactions happen otherwise. With the help of the Web as well as telecommunications technologies here play a major role in e commerce being a boom. Although when we look at the goals and objectives of both e-commerce and traditional commerce which the same that is are selling same products ... ... middle of paper ... ...avior of customers.
By utilizing a product based web experience for their business customers they have tailored their organization to effectively manage their supply chain as well as customer relations (David and Malone p. 103). Intel realizes that e-business is not only about selling products over the Internet but the involvement of managing the supply chain and customer service is also crucial. Tremendous value is added to the process of getting raw materials and also of supplying goods to retailers and distributors in a manor that is desired is required (David and Malone p. 106). The main use of business to business e-commerce is the simplification of all business communications. Intel is able to link with all business customers via the Web, which gives them instant access to each other.