Advantages And Disadvantages Of Online Business

Online purchasing is becoming more and more practical thing for contemporary customer. It is explained by high internet penetration in every country, lower cost than in retail network, door to door delivery. Internet plays an important role nowadays; therefore it creates a new market, which sometimes is quite difficult to measure. Online shopping is different from the B&M shopping due to the fact that there is no physical presence of goods, from other standpoint internet is able to sell way more services and motivation and decision making process directly connected to the feedbacks.

A computers have become more mainstream, more and more operations are conducted online. From online bill pay to simple searches, as one would do with the yellow pages, to online shopping, the Internet has helped shape the way computers are used today. With the Dotcom boom of the mid-nineties and early 2000s, ecommerce and e-business really started to take off. The Internet has given way to some of the biggest economic booms in history. The invention of smartphones and tablets has allowed for consumers to have instant access to the Internet, right at one's fingertips. While e-business is becoming more mainstream, and has its advantages, e-business also has its disadvantages.

The most attractive advantages of online shopping include: Purchase with almost anytime; receive a lot of information at the same time; without the expense of renting the physical store and hiring employees, the price may be cheaper; to marketing economy, this new mode of shopping can lead to a more efficient resource using; online shopping benefits in shorting time and space resources. It’s a business occurs in virtual.

Many organizations industriously look for the opportunity to gain the competitive advantages in their industries. One of the opportunities that frequently used by the organization is the implementation of e-commerce. Thus, the e-commerce and the online sale transaction become popular in each industry. E-commerce provides many benefits, such as the saving of shopping time, the cost savings, convenience, and free from geographical constraints.

In this way, E-commerce helps close the income gap and ‘provides the possibility of leap-frogging (pass over) for countries across the income distribution’, said Mr Harsha V. Singh, Deputy Director-General of the World Trade Organization (WTO). This is evident in the mobile phone market, he pointed out, as an increasing number of rural farmers in developing countries sign up for subscriptions, more of them are able to engage in mobile money services, open savings accounts & earn interest on their deposits.

“Online shopping is a form of electronic commerce which allows consumers to directly buy goods and services from a seller over the internet using the web browser”. That means the purchase of the product and services in the internet are called onlineshopping. Online shopping has become increase popular due to convenience (often lower prices).Especially in holiday season. Online shopping saves an individual the hassle of searching several stores and then waiting in long queues to buy a particular item. The alternative names are,e-web store,e-shop,e-store,internet shop, online storefront and virtual store.

E-business can transform the way a company does their business. There are plenty of benefits of this form of business for both the company and the customers. It gives customers an unlimited access to your products at every time of the day while most traditional brick shops would only be opened for a limited time. Secondly it makes expansion into foreign markets much easier as you can always sell your products abroad as customers can see all the products with a mouse click

Irrespective of whether your website has a suave, and irrespective of whether you’ve lent a club of expert stylists to form your company logo or only moved what you drawn on a paper napery, trades will not usually trust your website. If there is no trust, it is unlikely that sales will follow. This is especially true if you are trying to sell big ticket items that carry a large buying price or shipping cost. Make your website open in the eyes of possible clients by showing your store’s corporeal address and telephone number. If possible, list the

Online shopping has made life a lot easier and less complicated, not to forget that it also is a time saver. But with every good, there’s the bad. The advantages of online shopping on Amazon is that it’s convenient for lazy people, they can order what they want without actually stepping out of the house, it’s less time consuming, cheaper than what’s in stores and it offers a lot of choices, trusted reviews and it sometimes offers products that are no longer in shop racks or products that don’t have a shop and only operate online and with a CEO like Jeff Bezos there is no such thing as a bad review about the service that is offered, simply because he believes that all their customers should be treated in a very high manner. Delay of delivery is a disadvantage, you’re not given an exact duration of when or how long the delivery of your order and many more disadvantages will be further discussed.

Sending gifts to relatives and friends is simple, regardless of where they are. Presently, there is no compelling reason to make distance as an excuse for not sending a present on events like birthdays, weddings, anniversaries, Valentine's Day, Mother's Day, Father's Day, and so on.

You can create groups related to your industry or product offerings as a way to reach out to potential customers. Overall Using Facebook to promote your business can go beyond your page and promotion of your page. You can also use your personal account to make connections with colleagues and prospects, start conversations and network online.

After a successful IPO, the electronic commercial (E-Commerce) colossus Alibaba boasts a world-class market capital of $231.4 billion according to the FORTUNE magazine [1]. With the huge success of Alibaba’s IPO, E-Commerce is considered as one of the most important and promising business in world. Then what is e-commerce? It is commonly exchanging goods or services via Internet. Today you can get all retail brands via their online presence and even private goods. Moreover, e-Commerce also includes business-to-business (B2B) transactions between manufacturers and suppliers or distributors or other business parties.

The Online business can be classified into three categories; selling goods; providing services and distributing content. The category of selling goods is the evolution of the mail order business. Category “consists of ticket purchases and hotel reservation while category 3 involves the distribution of video and music content. Selling clothing online is a category 1 business. (Kobayashi, M. 2007).Clothing industry became the second largest online product category. The internet’s impact on the fashion industry is revolutionary; the internet has changed the fashion business

Technology that is developed in our country these day affect people in so many ways especially in our lifestyle. With great technology, people these days are getting familiar into having an online business. By having lots of high end technology products particularly a smartphone, it is easier for a seller to start off an online business as everything is at our fingertips.Getting into online business leads us to many advantages that can benefit us in many ways such as increasing in sales as well as saving some cost. It also allows us to communicate with our customers easily and it can be done at anywhere and at any time we desire.

Nowadays, working online activity has becoming increasingly well-known and well received at home in some countries. This shows that working online from home getting a warm welcome in being able to provide benefits. However, working online also has disadvantages that cannot be ignored. Let us look at both sides of working from home, what advantages and disadvantages can come of this trend.