E-commerce, especially online shopping, is very common nowadays. Most people purchase the products that they are looking for by visiting the online stores. This essay will examine the changes that e-commerce made, the conditions at the time that made e-commerce favorable for the game changer to emerge and the reasons why e-commerce had a lasting impact. E-commerce gives a convenient method for consumers to purchase the products and provide more opportunities for sellers and buyers to have interactions. 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. By e-commerce, consumers can have interactions with sellers from different countries easily .It can help consumers to look for products that are unavailable in their countries (“The Internet and the Consumer Marketplace”, 2012).This means that consumers can find the products they want by interacting with the foreign sellers through the Internet conveniently. Under the condition of the rapid improvement of technological network and the bene... ... middle of paper ... ...h had a huge influence in the world. Works Cited 1. The Internet and the Consumer Marketplace: Chapter 2 — Consumers and Changing Retail Markets (2012). In Industry Canada Website. Retrieved November 19, 2013, from http://www.ic.gc.ca/eic/site/oca-bc.nsf/eng/ca02096.html 2. Online shopping becoming critical for long-term retail success. (2013). In Collective Point of Sale Solutions. Retrieved November 20, 2013, from http://www.collectivepos.com/payment-processing-industry-news/merchant-services/online-shopping-becoming-critical-for-long-term-r 3. Kim Stinebaker. (2013, May 14). Online shopping has some benefits. Chron. Retrieved fromhttp://www.chron.com/homes/senior_living/article/Online-shopping-has-some-benefits-4515445.php 4. Dave Roos (n.d.).The History of E-commerce. Howstuffworks. Retrieved from http://money.howstuffworks.com/history-e-commerce.htm
In 1994, Internet commerce (e-commerce) was miniscule. One day in the spring of 1994, Bezos who was already crazy about computers observed that Internet usage was increasing geometrically and more and more people were getting excited about its astounding commercial possibilities. A few inventors were already trying to make use of the new technology. Bezos saw an opportunity for a new sphere of commerce, and immediately began considering the possibilities. The thought foremost in his mind: "What is it that users cannot get easily offline that will sell online?"
Anon (n.d.) ‘Electronic Commerce - Term Paper’, StudyMode, [online] Available from: http://www.studymode.com/essays/Electronic-Commerce-731.html (Accessed 5 February 2014j).
Based on these concerns, retailers in the international marketplace have their work cut out for them. But through proper education of consumers, and the ever-expanding growth of the infrastructure in many countries, the future seems to be leaning heavily towards using the Internet for many needs.
Amazon.com operates in the Online Retail Industry. The sector is one of the fastest growing globally and is outperforming the ordinary retail marketplace. It was created after 1995 and it was only the Internet that made it possible for such an industry not only to be established but to become one of the most flourishing sectors in the business environment. What is interesting is that Amazon.com, together with eBay is the pioneer in the field. Both companies were launched in 1995 and are still extremely successful. The creation of e-mail in 1996 had a huge impact on the development of online retail by introducing a fast and easy way to communicate with customers. For this two-year period Internet usage doubled annually, thus, allowing for the expansion of the industry. Google is launched a year later, in 1998, only to become the most used search engine in the world and an essential partner for the online retailers by helping them tailor their websites to customer’s personal preferences and by advertising. After that, more and more people see the opportunity in the growing industry and enter it. By 2001 there are more than 513 million Internet users globally, which calls for action in terms of creating regulations and laws to protect the users and personal property. In 2003, Apple launches iTunes, and provides a platform for low-cost digital downloads. Another major change is the appearance of social media from 2004, which is one of the biggest influencer on the state of the industry. With the launch of iPhone in 2007, this trend strengthens as people get to enjoy the Internet anywhere they want to. From then on, technological advancements have made it extremely easy and fun to shop online, making it ...
E-retailing presents a new way to shop. The store is open 24 hours a day. With a few clicks of the mouse, consumers can compare prices easily. The key rule for purchasing online is the same as for traditional purchases. That is, the best consumer is the best-informed consumer.
Over the past decade, e-commerce has grown significantly due to the rapid globalization. The increased globalization has resulted from tech...
The most important affect the internet bestowed, or e-shopping as we like to call it, is its affect on the economy. Now is the future, and our retailing process needs a major change, as Birch, Schneider, and Gerbert (who wrote E-Tail) said, ?[to] re-invigorate the prospects of players in traditional consumer business?? (E-Tail 10). They also said, ?[?] [A] ?low price? but ?high delivered value? position has been economically irrational[?]to the retailer until now? (11). Such as it is right now: specialty stores deliver a high price and high quality, department stores deliver a high price and medium quality, warehouses deliver medium prices and quality, discount stores deliver medium prices and low quality, warehouse clubs deliver low price and quality, and internet shopping is the answer: it delivers low price and high quality (Birch, Schneider, and Gerbert 14). Within these past years, internet sales have increased. Although e-sales make up a paltry 1.5-3% all in all (Puente 2E), e-sales make up 23% of all book, music, electronic, computer, and toy sales (Puente 2E). According to Jupiter Research, internet revenues have increased $40 billion in 2002, as opposed to the increases in 2001 ($30 billion) and 2000 ($24 billion); U.S. online revenue has been growing 30-40% a year as opposed to 4% a year in offline retail (Puente 2E). Due to the incident of September 11th, 5% of the 2,000 people NetRatings asked said they would do their shopping online in case of terrorism in public places (Tsao C1). Out of the Americans with internet access, 29% will make a purchase during the month (Voglestein 1c). Holiday shopping has extenuated this increase. Goldman Sachs and Nielsen/Net Ratings reported that shoppers spend 17.5% of holiday money on the internet in 2002. Also, on Black Friday (the major shopping day after Thanksgi...
the growth of e-commerce is still predicted to occur as multitudes of people come online every year. Therefore more and more people are expected to evolve into regular buyers by each succeeding year. To stay alive in the industry, though companies must be able to take advantage of and adapt to newer technologies, the tried and true factors of success should never be overlooked, because they lay its foundation.
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)
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.
Since its comet-like boom in the nineties the internet has attracted myriads of companies to do business on this boundaryless media. And the boom does not seem to stop. eCommerceis a catchword, which stands for a whole branch of new types of businesses that mushroomed up in the last couple of years. Retailers, all sorts of companies, even law offices are using the web for their daily business. There seems to be no comparable other way to develop and exploit global markets. The internet is more and more used as a fast, innovative and cost-saving tool to gain and serve customers where they feel most comfortable and relaxed, namely right in their office or at home (Jonscher, 1999, p.204). In the following there are just three examples of companies, which base a significant fraction of their business on the web.
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
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.
The Information revolution is changing our daily lives. With the rapid development of computer and internet, online commerce become quite common and plays an important role in the modern world. The online business has booming development in these few years. US online retail sales raised an average of 11% in the first three months of 2009 (“US Online Sales Up,” 2009). The growth of online sales may due to the growing number of consumers who shop online. In the case of Asia, survey reported 77.6% of Internet users have 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 higher risk of fraud than traditional shopping. Consumers also have other concerns such as credit cards security of online shopping. Then questions should be raised: what is the advantage of online shopping? Why people shop online? In following paragraphs, the advantage of online shopping for the consumer and consumer’s motivation to shop online will be reviewed and discussed.