Competitor Review In this generation where people have become closer to technology and the internet, there is no wonder that eBay has more than 100 competitors. eBay’s top three greatest competitors are Alibaba, Amazon and Etsy. Like eBay, They all are marketplace businesses, which makes them competitive competitors. All of them don’t really own the items they sell on their sites. Seller-consumers use their sites to sell directly to buyer-consumers.
The purpose of this research is to check that why and how people are being motivated towards online shopping and does this motivation leads to the help businesses to expand and generate more revenues. With the help of many of the sources it is clear that the people are being motivated towards online shopping due to technological advancements and to spend lesser time on shopping. Technology has taken over. Everything is done using a machine even people have preferred shopping online. The trend is growing too fast increasing revenues from the online retailing.
For instance, Wi-Fi and cell signal is weak in underground stations, acting as a disincentive for customers to make their purchases. Also, if the virtual stores’ aim is to provide convenience, they would have to guarantee fast delivery. Nonetheless, is this feasible if we take heavy traffic congestion in London into consideration? Q2) One reason that supports the initiation of the virtual store is that Tesco has already established itself in the online market with over 3.4 million registered users by the end of 2009 and has 61% penetration amongst people who use Internet for grocery shopping. This implies that customers are accepting the idea of online grocery shopping, especially with Tesco.
Wal-Mart has significantly focused on structuring its online sales, while using its already well-established brick and mortar stores and excellent supply chain and logistics to its big advantage. One example is the company's offer of free shipping on orders that exceed $35 and offers a price-cut
In second quarter of 2003, they recorded a net revenue of $509.3 million and up to 91% increase since the same period in 2002 due to online auctioning (Shaw M., 2006). eBay handle databases to accomplish auctions where sellers and buyers pass in product information. In addition, negations and bidding will occur between the seller and the buyer while eBay acts a link between the parties. The online auctioning has been good mostly for second-hand goods and was convenient because it developed a community among consumers and suppliers. 18.104.22.168 Revenue Model 22.214.171.124.1 Transaction Fee Model Once the transaction is done, a percentage of the dealer’s fee is taken.
The product risk is that you can’t see with your eyes the item, you have only a picture of that, so the risks that it isn’t the object that you wanted or that isn’t intact are really high. But what is making online shopping increasing are the emotionally aspects like not feeling embarrassed if you don’t buy the item because there is no people watching you or asking you if you like it. Another positive aspect is that you have access to many brands and you can shop whenever you want. At the end of the study they said that the Utilitarian aspect lead people to shop online more than Hedonic aspect does. 5.
Daily Deals: An Option to Shop According to Your Pocket Just a few years ago most of us preferred shopping by visiting the local stores or nearby market. They would shop in the stores complete with parking and weather problems, long lines, and wobbly shopping carts. With the limited options for shopping , they had no other choice but to visit the shopping store even they had to buy only one product. To avoid the inconvenience and wastage of time, Online shopping was introduced in Indonesia where anyone can shop for his/her favourite product by sitting at home. Although, online shopping was introduced, people still felt uncomfortable using their credit cards and giving their personal information to cyber-shops but with the time this has been changed.
Nowadays, the internet has played an important role in our daily life. Anything that customer’s purchases affects environment by means of delivery, whether they have the products can be delivered to home or drive to the supermarket. In earlier days people used to go to the different shops to purchase .Before purchasing as they didn 't have a great deal information and they are not easy access for detailed information on products. Due to the development of World Wide Web it has now become easy to access the products or services available worldwide without wasting time and money. The Internet is changing the way consumers shop and buy goods and services, and has rapidly evolved into a global appearance.
With the development of the times and the progress of science and technology, the online shopping has developed rapidly. The online shopping has a huge impact on traditional shopping. Both online shopping and buying goods in a store have advantages and disadvantages. It triggered a public discussion of the comparison of online shopping and buying things in store. Some people think that buying goods in a store more better than online shopping, because online shopping has many problems.
There can be lot of apprehensions about online shopping when you get in to it for the first time. As you experience more and more of it those apprehensions get dissapeared slowly. Technology has made significant progress over the years to provide consumers a better online shopping experience and will continue to do so for years to come. With the rapid growth of products and brands, people have speculated that online shopping will overtake in-store shopping. While this has been the case in some areas, there is still demand for brick and mortar stores in market areas where the consumer feels more comfortable seeing and touching the product being bought.