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?

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Online shopping has revolutionized the way we shop.
Consequently
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, more and more people nowadays prefer purchasing online products over the traditional method of going to the store.
This
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trend,
however
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, experts both positive and negative impacts on individuals and businesses as well. The burgeoning popularity of online shopping can be attributed to several advantages. First of all, the most distinctive benefit is convenience. To illustrate, people can buy products from the comfort of their workplace, own home, or virtually anywhere without the pressure of a salesperson.
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, being able to purchase from their comfort places
such
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as workstations or homes,
customers
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also
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can save money. With ever-growing fuel prices, online shopping saves them the cost of driving to and from the shops. They can
also
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save time by avoiding getting stuck in gridlocked traffic. As for online
business
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owners
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, The startup cost is lower compared to physical retail shops. And, let’s not forget, the shop
owners
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do not have to hire staff to work and run the shops.
Thus
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saving a sustainable amount of the expenditure.
Apart from
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this
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, online
business
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owners
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can easily sell their products to
customers
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worldwide. Despite some distinctive benefits, shopping online suffers from some obvious drawbacks. Fraud is the biggest downside of online trading. Put simply, there is a constant risk of fraud: debit or credit card scams, identity theft, hacking, phishing, and counterfeiting goods to mention but a few.
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, cut-throat competition is making life tougher for
business
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owners
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. Online trading is global and any
customers
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from any part of the globe can purchase from any seller of their preference.
That is
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to say, the competition with online businesses is not merely engaging
customers
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but rather staying ahead of other sellers. In conclusion,
while
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eCommerce reaps distinct advantages, it
also
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confers some obvious disadvantages. As a consumer or
business
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owner, people should know the downsides of it before switching to eCommerce.
Submitted by panetariyaragini78 on

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