Disadvantages Of E-Commerce

So, you have finally decided that you would be undertaking a business endeavor. And among the best and first things that you considered is making it big in the online business niche. You clearly have the vision, you know the risks, you have already planned it in your head how you would go through it. All you need to do is to execute the plan and find out if you would be able to survive the business against other competitors.

The idea behind this study is of great significance because e-commerce (online shopping) has grown tremendously since the turn of the century. It has shaped the way people do shopping for the most part.

Technology is developing so rapidly that it has started to affect different aspects of the society especially business. Online business was invented in 20th century in the UK and has quickly spread all over the world. With an increasing popularity of the online shopping, more and more retailers start to sell online, which makes the marketplace become more competitive. In order to be successful, it is important for the retailers to understand the most important factors that satisfy the customers when they purchase online. Once the level of the e-satisfaction increases, the purchase intention will increase and online retailers can gain more profit. Among all the factors that will potentially affect online satisfaction, the aim of this essay

The payment systems and protocols have been developed with the development of the electronic commerce. The current system of payment is consisting of the merchant, customer, and the payment gateways, the procedure is that the merchant receives the information of the customer’s payment and forward this information to a payment gateway in order to process the payment. This procedure holds several risks to the customer’s information because of the ability of the merchant to save the information related to the customer and may misuse this information later. The other possibility is that the information is compromised and the merchant is unaware when the information of the customer payment is forwarded to a payment gateway.

As Austin Carr of “Fast Company” writes, “…the retail apocalypse is upon us” (Carr, 2017). Most shoppers are doing their browsing online as opposed to in stores. Amazon’s online e-commerce has taken the country, and world, by storm, and has now taken 5% of all U.S. retail sales, Credit Suisse has even predicted a quarter of all malls will close within the next five years. And “By the end of this year, more than 8,600 stores will have shuttered in 2017, the worst year on record” (Carr, 2017). Although these predictions and statistics show less than ideal circumstances for retail stores, most are trying to fight back and win back the customers that have transitioned to e-commerce to do their shopping. Retailers are looking for what separates and sets them apart from big online websites, such as Amazon. Rebecca Minkoff was one of the first to incorporate serious technology upgrades into her stores, encouraging customers to try out the new system. An interactive fitting room set up by a sales associate with an iPad is able to display the items a customer is bringing into the fitting room, what it is paired with, and the option to switch sizes. “Need a different color or size? Want to get a sense of how that dress will look in the evening? You tap the magic mirror in your dressing room to let it know. Not sure if you want to purchase it yet? A list of all the items you’ve tried on in this “session” will be saved and sent to your phone…” (Dishman, 2015). This new and intriguing

The electronic shopping design is winding up logically common. People nowadays can get all that they require on the web, for instance, pieces of clothing, books, staple products, et cetera. Electronic shopping is another sort of development float that people are getting subject to the grounds that it makes people's life less requesting and extras them time. Clients can visit web stores from the comfort of their own home and shop while they are sitting behind their PC. Various online clients don't have to lounge around inertly on shopping any more.

Whether you are an eCommerce owner or a web user, client or customer, you've come to the conclusion that simple online forms do not always give customer service satisfaction and may even cause a sale, product or service to fall down a cyber crack.

Ecommerce proved its importance based on the fact where time is essence. In the commercial markets, time plays an important role to both the business and consumers. From the business perspective, with less time spent during each transaction, more transaction can be achieved on the same day. As for the consumer, they will save up more time during their transaction. Because of this, Ecommerce steps in and replaced the traditional commerce method where a single transaction can cost both parties a lot of valuable time. With just a few clicks in minutes, a transaction or an order can be placed and completed via the internet with ease. For instance, a banking transaction can be completed through the Internet within a few minutes compared to the traditional banking method which may take up to hours.

The online shopping market showed a continuous growth in revenue and employment in the last years (“CBS Statline - Detailhandel,” 2016), but despite this growth there is also a heavy competition for market share going on. Webshops are trying to be unique and focus more and more on the benefits of online shopping and in the meantime counteract the disadvantages. Research showed that the main reasons for consumers to make online purchases are convenience and enjoyment (Childers et al., 2001). These factors are strong and accurate predictors of the attitude towards online shopping. Improvement of these factors will improve the attitude of the consumers towards online shopping and so the chances that consumers will shop online. In this chapter an overview the advantages and disadvantages of online shopping will be given.

Ecommerce in India has many first time shoppers. This means that they have not yet ended up their cognizance about what to see from ecommerce websites. As a consequence, shoppers sometimes fall quarry to hard sell. But by the time the making is got, they reveal shame and return the goods. Still user remorse is a global problem, it is all the more well-known in a country like India, where greatly of the growing comes from new buyers. Revenues are classy for ecommerce actors, as back logistics presents unique challenges. This becomes all the more complex in cross-border ecommerce.

Electronic commerce, commonly known as e-commerce, refers to “buying and selling processes that make use of electronic technology” (Ebert, 274). With the development of technology, e-commerce becomes increasingly popular and affects traditional retail sales negatively. More and more people would like to buy and sell goods and services through internet. The statistic from Adobe Systems Inc., in 2017 “e-commerce sales are up about 17 percent,” conversely, “the number of people visiting U.S. stores on Thanksgiving and Black Friday fell 4 percent from last year” (Nassauer and Stevens). By considering this percentage, e-commerce has more competitive advantages than the traditional retail industry as it provides customers a more efficient and cheaper way to shop, increases businesses profits by reducing total company expenses, and leads to domestic economic stability and growth.

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.

Computers have come a long way since the first one was invented in 1900"s. we currently live in a society where people can do everything with the help of internet. internet helps us to find answers of our questions and also it gives other information that we need to know at a faster rate , this also entertain us in our daily lives for example we can listen songs, watch movies and many other things. It tells us about the upcoming trend and now a days many people also shop through e-commerce.

Commonly referred to as e-commerce, internet based marketing uses technology in enhancing the use of electronic money transfer, internet marketing, management of inventory and mobile commerce among others. With the growth of technology, e-commerce has expanded to applications in online shopping as well as tracking orders, social networking, shopping cart software, online banking, document automation in logistics and supply chain and mobile business among others (D 'Anna, 2016: 1).

eCommerce is a rapidly growing path that businesses are taking to maximise their success. This report will focus on the advantages and disadvantages of eCommerce websites. eCommerce involves the process of businesses selling products and services over the internet; a few popular example of these are Amazon and eBay. Over the last few years this market has become one of the most popular ways to purchase products. Research has demonstrated that 96% of people living in America use eCommerce websites. This fast growth is due to the increase in technology that allows for online shopping, such as our growing dependance on mobile devices. The result of this is a reliable on-demand way of completing purchases that wasn’t possible before. For businesses this looks like a beneficial investment as eCommerce is projected to increase in use even more in the short-term future. Advantages: There are many advantages to using eCommerce for both the customer and the business, whether its pricing, package tracking, online review communities or quicker use. One of the benefits to have an online eCommerce store is that it is practically always open for business. This is an advantage for both the customer and the business. For example a potential customer can be awake at midnight and think of something they would like, an online store allow them to complete this purchase. It also benefits the business owner as they are not required to pay for the resources to keep a store open for the entire day or late into the night. Another major advantage of online eCommerce shopping is that a business is given the potential to reach thousands more new customers on a daily basis. A physical store at any location is limited to customers that live near or know of the location of the store. However, this is completely irrelevant with online shopping as anyone is able to access it over the internet. A online store will allow anyone interested in a product to purchase it regardless of their location, providing the business ships to this location. In a survey that was conducted on store owners after they started up online stores, 64% commented that they had seen a substantial increase in income. A key advantage that benefits both the customer and