5. Round the clock – Customers can do transactions for the product or enquiry about any product/services provided by a company anytime, anywhere from any location. 6. Cheapest Means of Business – Another benefit of Ecommerce is that it is the cheapest means of doing business. The day-to-day pressure of the marketplace has played their part in reducing the opportunities for companies to invest in improving their competitive position.
Shopping is more efficient when done online than first hand traditional shopping because online stores are more convenient. According to One Cent at a Time, a award winning finance blog, “Online stores do not close unless in rare cases where their websites are under maintenace”(Ten Reasons Online Shopping is Mostly Better Then Stores 1). Online stores are accessible to the consumer 24 hours a day. There is never a time when the consumer can go on to an online website, for example, Amazon or Ebay, and not be able to shop. The average customer works during the day for approximately 8 hours.
They find it funny, comfortable and easy to use. The results shows that online shopping is can lenient and easy to find webs and choose between them. The advantages of online shopping are great. Consumers can buy in anytime,where they are it saves time and effort. People don 't have to walk between shops to find and examine goods also trust and security are the main factors that attract people to buy online.
In addition to this massive information highway there are many different tools that can be utilized on this global network. Using the Internet, people find jobs, send electronic cards, shop, make airline and hotel reservations, execute stock trades, and even pay bills online! With the increasing popularity of people shopping and purchasing goods online, the Internet has created new ways of doing business. Realizing the potential of the Internet, many companies have started to advertise their products and services on-line. However, consumers are becoming hesitant as it relates to purchases over the Internet because of the fear of being deceived by online retailers.
As a result, it has the functions of advertising, consulting, ordering, online payment, electronic account, service delivery, consulting, and transaction management and so on. Electronic commerce can rely on the Web server and the customer 's browsing, the Internet will release of all kinds of business information. Customers can quickly find the desired product information with the aid of online search tools, and businesses can use online home and e-mail in the global scope for advertising. Compared with the past various types of advertising, online advertising are the most low cost, and the amount of information to customers is the most abundant. Online payment is very important.
It is save you time and resolve the problem of going in the store and not finding the item you are looking for. The other good thing that excite customers is the price. Most of the time, the price online is much less than in store. However, shopping online has some disadvantages. First, there are many website of product selling and some of them are scam.
Therefore, online shopping will offer better deals such as offering free shipping, offering free accessories or clothes if the consumer purchase above a certain amount or even offering free vouchers to attract their customers to purchase from their store again during their next visit. Nazir, Tayyab, Sajid, Rashid and Javed (2012) found that different companies offered different discounted deals for their customers occasionally but sometimes dealers do not offer consumers to enjoy those privilege. However, consumers able to get discounts specifically from the company through online shopping (p. 493). Not only that, online stores also occasionally offered very low price for their clothes during their stock clearance because they wish to clear their old stocks and bring in a new batch of clothes or shoes following the fashion trends. Schäfer (2004) explained that online shopping is an inventive way to attract customers who have open and modern thinking with grocery shopping.
Furthermore, e-shopping gives more variety and have great freedom of product’s choice than any other local store. It's easier to hunt for a great deal/discounts/less price and able to enjoy the freedom of price flexibility and even able to compare prices from product to another product. If I don't like the price of a product from an online shop, I can easily switch to another website to look for a cheaper price. For example, it might be a certain item such as sports equipment available online with great deal instead in the mall. On the other hand, if the website doesn't have it, I can simply go to another online shopping website without wasting time.
Summary Online shopping is growing every day. There are many benefits of online shopping such as time savings, access from anywhere, convenience, 24-hour availability, variety of products, various options available to compare products and brands. Beside the benefits of online shopping the consumer feels different kind of perceived risk factors and psychological factors are involved in online shopping. The perceived risk could be financial loss, product performance risk, delivery risk, and psychological factors such as trust and safety and website design. These perceived risk and psychological factors also determine the behavior of consumers towards online shopping.
We live in the innovation time and in the course of recent years, progressively more purchasers have swung to web based shopping - and for a justifiable reason, given every one of the advantages connected with this imaginative sort of shopping! Today, like never before ever, individuals are purchasing a plenty of things and administrations on the web. From shoes to houses and even yachts, individuals finish a wide exhibit of exchanges on the Internet. That being stated, here is a more profound understanding into the most eminent advantages of web based shopping: Shopping Online Is Easy And Convenient! This is by a long shot the most eminent advantage of acquiring items or administrations on the Internet, instead of physical stores.