An increasing number of people are buying what they need online. What are the advantages and disadvantages for both individuals and companies to shopping online.
Technology has impacted every aspect of human life and shopping is no exception. The explosive growth of the internet and social media has led to the phenomenon of online shopping and tech savvy consumers are now fulfilling their needs through online shopping. Online shopping affects companies and consumers favourably and has various drawbacks as well.
There are various benefits of online shopping for both buyer and seller.
First
and foremost is the convenience for the buyer A part from
that, online business is Suggestion
of
also
beneficial for the seller as it helps increase his sales and is also
cost
effective as there are no cost
for operating the store and hiring staff .
Accept space
.
For instance
, anyone can book an order online from the comforts of their living room without commuting to the store and waiting in long queues for payments. Moreover
, the seller will enjoy more sales as he is operating 24 hours a day and 7 days a week and increased profits due to reduced operating cost
.
On the other hand
, there are certain pitfalls of e commerce. There is always a risk of fraud which is a cause of concern for both the company and individual. For example
, there are various cases of hacking, identity theft, phishing, counterfeit products and other scams that are quite common. Moreover
, shipping problems and delays are also
a challenge. For instance
, a buyer might receive a damaged product or an order might be delivered to a wrong address.
In a nutshell, there are various positive attributes of e commerce
Accept comma addition
commerce, such
such
as ease and convenience, cost
effectiveness, profitability. On the flip side, it also
comes with some downsides. However
, the pace with which technology is making progress, it seems like online shopping would be more effective and advanced in the years to come.Submitted by ebadqaseem on
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