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.

#people #individuals #companies

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

Suggestion

that, online business is

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 Wed Feb 05 2020

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