What Are The Advantages And Disadvantages Of E-Commerce

E-commerce is the capability of an organisation for having dynamic presence over Internet that allows the company for conducting their business electronically, in spirit of having an electronic shop. Thus, the products can be sold, paid and advertised electronically without the requirement to be processed with the help of human being. Because of massiveness of internet advertising and website can be un-covered to millions of people all around the globe with the information being able to be transformed almost promptly the site can always be kept updated with all latest products for matching with the demand of the consumers (Lee, 2005).

E-commerce reduces delivery time and labor cost thus it has been possible to save the time of both – the vendor and the consumer.

E-commerce is a product that has been available since the early 90’s. It is something that people are familiar with. A product that is now part and parcel of people’s lives.

The continuous development of Internet leads to the growth of e-commerce. The electronic commerce is growing constantly due to the continuously increasing number of mobile and online users in the market, primarily the emerging markets. Besides that, the development of the Information Technology (IT), such as the advance of paying processes and the improvements of shipping method also the main reason to cause the growth of electronic commerce (John Ingham, 2015). Most consumers accept e-commerce as their feasible alternative in the purchase of goods and

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.

Abstract—M-commerce is a new dimension or extension of e-Commerce that is performed by mobile devices and Personal Digital Assistants (PDA) using mobile network. As a great number of mobile users are increasing dramatically the prospect of M-commerce are also increasing day to day. There are a great prospects and challenges to expand the business in developing countries like Bangladesh. In this research I collected data’s from various stakeholders through web and phone call those are in top line of M-commerce business, studied and identified the problem and major barriers of M-commerce and suggested a methodological frame work.

E-Commerce (Electronic commerce) – is the buying and selling of goods and services on the Internet, it comprises any business movement that uses the conceivable outcomes of worldwide data systems for transforming internal and external communications correspondences so as to make profit online. (SearchCIO, 2016) Online business is an important component of electronic business. E-business has four principle phases of use: payments, production, deals and marketing. Advancement of online

This mobile application securely stores credit cards, offers, gift cards and more on their mobile phone. This virtual wallet is changing the face of commerce by enabling customers to simply make “tap and go” payments with their mobile devices, while increasing loyalty at merchant locations. Although m-commerce market in India is still in its initial phase, India is getting richer and phones are getting cheaper. It is also estimated that, by 2020, 80% of the mobile devices used in the country will be smartphones. Many e-tailers have realized the potential of mobile commerce in multiplying their sales and are rapidly adopting the necessary tools, withencouraging re sults. Snapdeal.com, for example, gets over half of its sales from customers using mobile devices, while even one year ago the share of mobile purchases was a mere 5%.Flipkart, the largest online shopping platform in India, receives 20% of its e- commerce orders from customers using mobile devices and plans to increase this number to as much as 50% in future.India has more than 100 million users in India,of which nearly 84 million access the site through mobile phones. This suggests the rise of the “mobile first” generation of internet

One can get various brands and items from different traders all in one place. You can get in on the most recent worldwide trends without spending money on airfare. You can shop from retailers in different parts of the world, all without being restricted by geography. A far better selection of colours and sizes than you will discover locally are available to you. Aside from that, the stock is significantly more abundant. Some online shops even arranges to acknowledge orders for things out of stock and ship it when the stock is available. You additionally have the choice of taking your business to another online store where the item is in stock

The major disadvantages of e-commerce in the security aspects which include the possibility of hackers Backtrack e-commerce sites, in some cases and the information in it was stolen.

E- Commerce (Electronic- Commerce) has made it possible for business to give advertisement along with features and price- tag of products using computers. All organizations are setting for E-commerce as it is simple, secured and efficient. Moreover it standardizes organization in present competitive market. E- Commerce is used to handle electronic commerce. It is the latest trend for commerce.

The internet’s debut in 1988 which had revolutionized commercial transactions all around the globe had grown exponentially over the past decade. In fact, the world internet users and population statistics by the Miniwatts Marketing Group (2009) showed that 23.5% of the world’s population are internet users and that the growth of internet users from 2000-2008 is 336.1 %. This rapid increase in internet users paved the way for the development of electronic commerce or E-commerce. E-commerce, the exchange of information, goods or services online, had also gained popularity over time as more and more people discover the expediency of online transactions. However, the internet, which is a huge storage room of information, poses

Stores are limited in the number of items they have available, but this is generally not the case when shopping online. This marketing concept can be observed currently among large retailers such as Amazon.com. They can offer their customers the most specialized products just as easy as everyday products.

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).

Electronic commerce is global in nature and the international markets, which represent immense potential on expanding businesses, neglecting cultural differences.