Disadvantages Of Ecommerce

Many businesses have shown that after implementing an e-commerce system into their companies, sales have increased immensely. Sneaker Joe’s is a small family run business that is looking to expand their business after the sneakers they sell have shown to be very popular locally, after a picture of them was spotted on a social networking site. I have been looking at some of the most popular websites that consumers use to purchase their goods and what kind of commerce system they have in place, but first, I have written an explanation of the different types of ecommerce used today.

E-commerce has become a part of human daily lives whether it is at work or in our personal lives. It is by almost everyone because of the benefits it offers

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.

To begin with, what is e-commerce? In a general term e-commerce is an electronic business that is done on the internet. There are different types of things that can be done on the internet, such as banking, fund transfer, advertising, buying, and selling goods. But one thing that stood me out the most is, how digital stores are taking away retail stores, and rapidly changing in many ways? But, my question leads to what will happen in next three to five years? Will it completely take away physical world e-Markets? Because, looking at the technology in past three to four years, it has improved day by day, and changed the working style of people. Such as Amazon, Facebook, PayPal, and other online business made people's life easier to buy and sell products from home. Although, having online company is a fantastic idea but, there are some advantages and disadvantages of online stores, and retail stores.

Very little proportion of the Indian retail industry is organized. The supply and the distribution side are very much fragmented, that is, there is a huge tail towards the supply side of the chain. There are two possible options available to aggregate the supply, one by allowing the suppliers to list out onto an area where there is maximum demand. The other possibility is to carry inventory, where most of the supply side is controlled by the small suppliers. It is very hard to hold the inventory for any local or international brands because it will lead to increase the cost. If observed, clearly most of the emerging markets in the world and the e-commerce companies are marketplaces and the obvious reason is the fragmented supply side.

With the development of society, e-commerce, a new type of business in Marketing emerges. It stands for Electronic Commerce. Rayudu (2009), the author of E-Commerce: E-Business, states that “E-commerce is a selling and transfer process requiring several institutes. It is a systematic and organized network for the exchange of goods between producers and consumers. The Net embraces all those related activities which are indispensable for maintaining a continuous, free and uninterrupted distribution and transfer of goods.” However, both the advantages and disadvantages exist in this new business type. (p. 1)

The widespread application of internet and prevalence of globalization give rise to various influential trends in business context, one of which is e-Commerce. According to (Browne et al., 2004), e-Commerce refers to a commercial platform that allow transactions to happen via electronic devices and digital environment that requires no face-to-face or human interaction as opposed to traditional mode of purchase. E-Commerce is revolutionizing the landscape of modern business environment by offering a convenient, rapid, borderless and timely mechanism for commercial transactions. Moreover, e-Commerce provides an alternative to traditional value chain in which manufactured products need to move through multiple layer of distribution to reach the end-users. In other words, via electronic platforms, suppliers can now access their end customers directly via web-based ordering system without the needs for wholesalers

Electronic commerce, commonly known as e-commerce, consists of the buying and selling of products or services over electronic systems such as the Internet and other computer networks. The amount of trade conducted electronically has grown extraordinarily with widespread Internet usage. (Seybold, 2001)

E-commerce has been considered to be a primary element to change the global economy and the method which business is conducted. (Shin, 2001) It impels enterprises to search for new sources and new measures to expand the markets for growing profits. With its flexibility to the changing trends, E-commerce allows business to have instant response to this continuous change.

During the last decades the world has seen an unprecedented considerable growth in information and communication technology, in fact thanks to internet, most of the countries in the world are linked together via satellite and servers networks, and it keeps growing at an exponential rate. This revolutionary change has impacted the behavior of people in doing business and which had risen e-commerce.

E-commerce is short for electronic commerce where the participants (companies) trade their products and services using computer networks. The buyers and sellers can use platforms like mobile commerce, electronic funds transfer, supply chain management, online transaction processing, data collection, internet marketing, electronic data interchange and inventory management systems. Currently, most of these transactions have taken advantage of the World Wide Web, which is largely accessed through emails and other platforms. E-commerce entails online shopping web sites, active participation in online market places, business to business trading activities, data collection through web contacts and other social media, electronic data interchange between businesses and retails for launching newly innovated and created products and services.

In today’s global economy, E-commerce has created a very cost effective way of reaching out to the customers. In this assignment, a clear description of ecommerce opportunities, strengths, technological advancement and how e-commerce is helping out businesses are briefly explained. The role of- ecommerce is studied by an e commerce business Souq.com.

Why risk the possible forgone costs of attempting to find items at a single store when anyone can browse the world-wide web with millions of options right at their fingertips? Recent consumer trends reveal a large shift from the number of consumers shopping in physical stores to those utilizing online storefronts and virtual market places. Quite frankly, visiting brick-and-mortar stores is becoming the old-fashion style of retail shopping. E-commerce giants, Amazon for example, make it incredibly difficult for small mom and pop shops and even billion dollar corporations such as Walmart to function at their highest possible levels. However, there are flaws in a world comprised solely of virtual marketplaces that will allow various types of

E-Commerce. The ecommerce industry has been around for a long time, however, with the aid of modern networking technology it has become even better and it will continue to evolve as the technology grows. Ecommerce involves the activities of buy and selling good over a network mainly the internet. Ecommerce is a step up from traditional shops where customers had to visit a physical store to purchase goods and services according to Rouse, M. (2016, June 30). What is e-commerce (electronic commerce or EC?). Ecommerce allows a consumer to stay at home, make purchases and then have the good or service delivered to them. Ecommerce would not have been possible without the aid of computer networks and the internet. The infrastructure of ecommerce is networking. The components of an ecommerce system is: A consumer using a computer or cellphone, a web server, an order manager the stock database, a merchant system, and the bank computer.

o less affluent people can buy more and increase standard of living (questionable says WTGR)