Advantages and Disadvantages of E-commerce

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In Today’s busy world e-commerce gives you the opportunity to get what you want at your door step without disturbing your busy schedule. It gives you the option to choose the correct item for you and your family from your chair. E-commerce stores offer you good products at an affordable cost. It offers you to avoid the physical stores where usually prices are higher. In traditional shopping method basically, people have to face long waiting lines and crowd. With a limited business hour, e-commerce stores offer you the limited opportunity.

Online stores are easy to access and its fully computerized technology helps you to find out that exact item which you want to buy. It also gives effort to find out those rare products which are not available in the general market. Its store front web server offers you a wide range of items to choose.

The most comfortable option is money back option. Some online stores (Some examples are, offer you a free money back option if you don’t like the product which you have brought.

The front web and modern software of online stores allow doing compare among many products at one time. Usually, we like to compare among many products before buy. Online stores give us the opportunity to do that like regular shopping, or more than that.

E-commerce also opens a new opportunity for business. Not many people can develop a business like Amazon or eBay but anyone can open an online store with a matter of a minute. Many small online merchants sell their products through the kings of online stores (snapdeal, Flipkart, eBay, Amazon).

You never get to touch and feel the product until it arrives sometime later. It is the main drawback of e-commerce. Although there are 0.01% chances to get a wrong product of bad product it creates a slight problem with the purchase because it’s our nature to feel and touch the product before buy. For this exact draw back online shopping took the time to get popularity.

Many people have no option to use the internet or you can say that they are out of the light of modernism. It is also one of the major problems. Only 38 percent people use the internet in India. No doubt it is a big digit from numerically but granting the percentage 61 percent internet fewer people are available in India.

Future of E-commerce

 It’s not possible for a human to predict a perfect future, but we do predict after observing the present. From horses, trucks, ships, and aeroplanes, now it’s the time of e-commerce. Although the early reaction about online shopping was mixed (“It takes too much time to get the item”, “I am not sure that they are secure or they will give the product or not”, “The thing is not available which I want to buy”). Not many years ago, people shopped from their local stores and they were happy. But the picture has changed.

Faster delivery, free returns, free shipping, all of this has increased the number of the online purchasers.  Granting the research of IBIS, 8.6% customers are involving with online shopping every year and it will go on for next five years. The boom has happened in India, China, Brazil and Vietnam which are unbelievably turning towards the internet and purchasing goods from online.

Technology also helps make the online shops very user-friendly.  Every online store is trying to use new and better technology to improve the customers shopping experience. They always try to give us better service. Only for easy access, online stores are getting popularity.

In the US, a research says that the growth of 10% will be happened in coming 5 years in the US. Computers, mobiles, and electronic goods are very demanding for online purchases. 40% of online purchase comes from electronics. In future, it will be increased. In South Asia 51% people shop online, In Kenya 18-20%m individuals shop online. All of these digits are growing more than expected.  E-commerce activities have spread out in Nigeria and South Africa both due to the proliferation of mobile phones and the availability of faster internet networks.

The internet is growing through the world wide and purchaser becomes more comfortable about the security (Online payment) and availability of the internet. The numbers of the online purchaser are also growing by the hand of the internet.

As our lives become busier, so we need everything besides our hand and e-commerce does the same. It is not surprising if in future online stores capture the whole shopping system.

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