Electronic Commerce (eCommerce)
Electronic Commerce Write For Us – Electronic commerce is the business of buying and selling goods and services over the Internet.
E-commerce customers can purchase from their computers and other touchpoints, including smartphones, smartwatches, and digital assistants like Amazon Echo.
In both sectors, the goal for most companies is to enable customers to buy what they want, anytime, anywhere, using any digital device.
Big data is a more complex data sets, especially from a new data source. These data sets are so large that traditional data processing software cannot manage them.
Advantages and Disadvantages of electronic commerce
Advantages of electronic commerce –Some benefits of electronic commerce for the consumer are that:
- It is a more comfortable form of trading.
- It makes transactions faster and easier.
- Helps make informed purchasing decisions.
- Allows comparison of prices and products.
- Improve delivery processes.
Disadvantages of electronic commerce – Although electronic commerce may seem like an excellent solution to some market problems, this type of operation is not exempt from some limitations and disadvantages for sellers and buyers:
- They limit the interaction between buyers and sellers.
- They risk buyers not getting the goods they expected since they cannot evaluate their purchase in person.
- In the case of the sale of products, companies are subject to mishandling of the merchandise and risks of loss.
- They require great expertise on the part of their developers to be constantly updated and protected.
- They are susceptible to cyber attacks, which brings us to the next topic.
E-Commerce Benefits
Businesses can benefit from e-commerce in many ways. Benefits include:
- Overcoming spatial distances: The Internet makes dealers independent of a fixed sales location. You can open up new sales markets nationally or internationally.
- Electronic commerce lowers transaction costs: E-commerce may eliminate the need to open new business and warehouse locations.
- Advertising with high reach: Social media, blogs, and your company website offer cost-effective ways to draw attention to your offer.
- Closer to customers: Social media allows you to establish more personal contact with potential customers and improve the image of your company.
- Greater customer satisfaction: e-mail support, online contact forms, or chats remove the inhibition threshold for potential customers to seek advice.
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