E-commerce is part of our day-to-day life, no one imagines the world without the ability to buy goods online. The instant connection to anywhere in the world provides many advantages and limitless possibilities for everyone but also disadvantages, which we will compare in this blog.
The following advantage we can experience due to e-commerce:
- E-commerce is availably for everyone 24 hours a day, seven days a week
- Can generate profit even when you sleep
- Provide a wider selection of products
- Reduce start-up cost as is not required to have a physical store
- Provide international customers
Like everything e-commerce has also disadvantages:
- Unable to see and touch the product
- Limited ability to interact with customer service
- Lack of instant gratification, unfortunately shopping online required patience as you are not able to enjoy the purchases till will be delivered to your home
- Much higher competition
Like everything in today's world e-commerce has advantages and disadvantages, even though we can not dispute the fact that the creation of e-commerce was a milestone in our civilisation. With the development of technology all of the businesses online grove to a level which was not possible before, small businesses over time were able to transform into a corporation which provides work for thousands of people across the globe and return billions in revenue every year. (Bloomenthal, 2022)
Reference:
Bloomenthal, A., 2022. Electronic Commerce (ecommerce) Definition. [online] Investopedia. Available at: <https://www.investopedia.com/terms/e/ecommerce.asp> [Accessed 20 July 2022].
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