When we think about buying or selling things the first thing that comes to our minds is the internet and the opportunity to show our products to the world in an easy, quick and accessible way. Right now, it is possible thanks to E-commerce, where we are able to reach every single good, thing or even service we need, fast, efficiently and from the commodity of our home. However, it is defined as the transaction of buying or selling online becoming the most useful tool for people of all ages, genders and social classes. It involves the transfer of businesses from retail sites, books, music, home goods and even services of any kind. One of the most convenient things about E-commerce is that there is not a barrier of time or distance, and people …show more content…
It has also gained credibility and trust from customers since their service is responsible and always willing to solve any issue related to their day to day activities. According to Will von Bernuth from Block Island Organics, amazon has a great back-end infrastructure to support selling, making it easier to sell internationally. Another important "pro" about amazon is its algorithm, where when navigating, we can get recommended purchases and also goods related with our further searches and "bought before". It plays a huge roll in marketing with other social media platforms, where while navigating we can encounter the link to our favorite products and things we might be interested in. Not everything is positive of course, amazon tend to charge fees that goes from 1 dollar to over 25% of an item's price. Another disadvatange about using amazon for selling is that they are the main brand and the control a seller has over the product is limited at the pictures and description he does on it, and loyalty is gained by amazon and not for the original …show more content…
E-Bay is an easy to use E-commerce website just as easy as using amazon, and there you can find similar products than other platforms for different prices and retailers. It is recognized for its "global reach" since buyers are able to find any kind of goods on the web and buy it affordably and easily. Some of the cons of using E-bay related to my research and according to "IDG Communications", are that fees can vary and everything depends on what you sell and how you do that. Sellers are willing to pay high fees for their products. People concern that sometimes they do not get paid since some listing formats do not require a payment to make the
The business model of Amazon ensures that the product is available for the customer at the best possible price. The fast shipping strategies also ensure customer satisfaction. These aspects offer an excellent value proposition to the customer. Since Amazon is present globally and is successfully into business for a long time period, the strategies of Amazon are sustainable.
This is having a positive impact as by expanding their business and locating in Australia they are attracting more consumers. According to Morgan Stanley, prior to their expansion, Amazon already had $1 billion in sales in Australia. Amazon attracts consumers through their promises of low prices, vast variety and fast delivery and thus their market share in the Australian retail sector is expected to grow significantly. Despite their promises, fast delivery is not the easiest thing to do in Australia. Location has also had a negative impact on Amazon due to the large geographical spread of Australia.
Today, many people prefer to order products from Amazon instead of going to stores or malls. c. DESCRIPTION OF MY SUBJECT (AMAZON.COM): Amazon (Amazon.com) is the world’s largest online retailer and a prominent cloud services provider. The company was initially a book seller, then later it expanded to sell a wide variety of consumer goods and digital media as well as its own electronic devices, such as the Kindle e-book reader, Kindle Fire tablet and Fire TV, a streaming media adapter (Rouse, 2018).
Amazon has achieved many milestones from starting in the founder’s garage in 1994 to the growth in revenue to US$147.8 million in 1997 and then to the revenue growth of US$177.866 billion in 2017 (Amazon, 2018a, Amazon, 2018b and Jurevicius, 2018). These milestones were achieved through tenacious focused strategies of meeting their customers’ needs and wants. These strategies have maintained and expanded their customer base locally and internationally and have increased its market shares and profit over the last two decades. In addition, projection for the company’s growth and expansion for the next three to five years looks positive as it predicted to grow at the same rate with its expansion internationally and continued focused in satisfying consumers’ wants (Amazon, 2018a). Although, some factors such as governmental policies, legal issues and natural disasters could pose a threat to Amazon’s growth plans, the management team led by the founder and Chief Executive Officer (CEO) are working on mitigating the risk (Amazon, 2018a).
Due to this, the portal is known to have specific days where they give massive discounts to their buyers. Competitors The giant companies that want to disrupt Amazon Amazon isn’t under attack from just start-ups, though. There are big companies with deep
Online shopping has nowadays become a widely spread way of shopping among people on different continents and in different countries. Its popularity is constantly on the rise considering the spread of Internet technologies and the increasing share of online shops in the retailing business. Online shopping activities are gaining wide spread as far as they tend to provide the consumers with numerous benefits and increase the convenience of buying without leaving the house. The popularity of online shopping grows due to a range of reasons, including its convenience as well as time- and money-saving potential.