what is ecommerce and what is it advantage and disadvantage

[Aadhar2011]

Actually I want to know about the ecommerce actually I am aware of it but I don’t have much idea about it I mean how does it works and what are the advantages of the ecommerce and I also wanted to know how is it helpful. Is there anyone who has a good idea about it and can clear out my doubt and questions .Any suggestion regarding this will be highly appreciated?

[G-MAT]

First of all I will like to inform you about ecommerce. Ecommerce is also known as electronic commerce and it is basically related to business and commercial transaction and all and it is used to transfer business and commercial related information over the internet and it include different types of business such as consumer based retail sites, music sites and business that are related to exchange of goods and it has been one of the most important aspect of the internet in today’s world. It allows you to electronically transfer goods and services without any kind of barrier and without any kind of limitation in time and distance. It has expanded gradually in these years and is expected to expand more in the coming years it is also expected that in the coming year boundaries between "conventional" and "electronic" commerce will get reduced and most of their operation will be carried through the internet. Business to Business here is actually related to the ecommerce between the businesses and not between business and consumer and it deals with a no of business and having this type of transaction is quite cheap and faster method of transferring goods and services.

[Spykar]

The advantages of the ecommerce are as followed:

• It is a faster buying and selling method and it is also easy to find new products.
• You can perform the task of Buying and selling 24/7.
• There is no limit to reach the customer as per time and distance
• It provides you with Low operational costs and provides you with a good quality service.
• It does not require any kind of physical company set-ups.
• It helps the Customers to choose the products from multiple suppliers without moving physically.

[Kooldinesh]

Ecommerce in short helps to sell and buy goods and services online and rather than going to the market and getting it actually it reduces the distance and time to reach any product that you want worldwide and you also get a no of suppliers offering you the best deals on just some clicks it provides you a very easy method of money transfer throughout the world and it also provides you the best security for all your transactions you can just sit at home and operate a ecommerce website in order to buy and sell the services and the goods and it is really a easy method of earning money as well and the end user can find a company’s products and it details very easily and that to 24/7 it really makes the whole process of buying and selling very easy and simple as well.

[Charlton]

Ecommerce helps in removing the barrier of time and distance I mean anyone can log on the internet and can buy the products from the globe and can even make the payment in very short time it just saves a lot of time you can just purchase product that you are willing to buy with just some clicks .Here the direct cost-of-sale or getting the customers to the store is quite cheaper as compared to the traditional method where we have to acquire people to get customers buy promoting the products verbally and all. I think that it is just the cheapest way of doing business and earning maximum profit from it but ecommerce have also increased the competition among the suppliers in order to attract their customers.

[Doloreta]

The benefit that a end user get are as followed:

• It reduces the consumer time in sorting out the product that they need.
• It helps in making Better buyer decisions
• It takes very less time in resolving invoice and the order discrepancies.
• The consumer gets more opportunities for buying the products from multiple suppliers.

[Glinda]

There are some disadvantages of the ecommerce as well:

• Anyone can start a business and fool people and steal their money
• You don’t get guarantee of the product quality because you cannot make out just from the pictures that you see on the site
• The transaction process failures can cause unpredictable effects.
• There are minimum chances of direct customer to the company as the products are been selling by a no of third party.
• Hackers can get your transaction details and can further misuse them

[Krishnaraju]

It provide you the following benefits:

• It helps you to reach the able to reach the global market,
• It is very easy to learn and update the interface.
• It provides you better information and helps you to compare the product with the other suppliers product as well
• It makes the transaction process easy with the use of credit card and pay pal service
• It helps in monitoring the business and sells more products then the store.

[Fernandoa]

The benefit that the suppliers get is:

• They get an opportunity to Increase their visitors with the help of the Search engine marketers
• They can provide detail information about their product and attract their customers to it.
• Their product will be available to the consumers at any time they want as the site will work for 24/7
• It helps in reducing the cost of Advertisment
• It provides them with better Analysis and Report and also helps in Increasing their sales .

[Emily123]

Benefit:

• one can expand the Geographical Reach and the Customer Base
• one can Increase their Visibility through the SEO
• you can run it for 24/7/365
• You can go through the customers feedback and can Build Customer Loyalty as well
• It helps in reducing the cost of Marketing and Advertisement

[unlimitedtech]

Ecommerce benefits are as followed:

• It Helps in Creating New Relationship and increase the Opportunities as well
• It increases the awareness of the brand and the products
• It helps in increasing the overall business and also helps in gaining customer loyalty
• It helps in targeting the smaller market and also helps in increasing the geographical reach as well
• It helps in making the delivery and the transaction process simpler and easier.