Online buying and selling or in other words we spell E commerce have many advantages and disadvantages. Due to the world’s current situation online buying and selling industry is growing up very fast and everything is available to your doorstep with just one click. You are a newbie to internet and online business and want to start an E-commerce business then you must read all the Advantages and Disadvantages of E Commerce in Points. These pros and cons might help you to make better decisions in future. We must read a little introduction of the Ecommerce Industry before going towards the Benefits and Drawbacks of E commerce.
What is E-Commerce?
Before going toward advantages and disadvantages we must know what is Commerce? So friends Commerce is basically exchange of Goods or services, buying and selling of goods or services are called Commerce. And when we attach the word “E” before it, then it becomes “Electronic Commerce” . It is basically a transaction of buying and selling of goods and services on the internet. It is also known by another name “e-business”. There are many advantages and disadvantages of E-commerce but you i will write some main types of E-Commerce.
Main Types of E Commerce
Every person that is going to start their new business on the internet must read the major types of e-business that take place between the buyer and seller. There are four major types of E-commerce that are easy to understand.
- B2C (Business to Consumer)
- B2C is the first term and connection between business and consumer. That means simply if you buy clothes from an online store.
- B2B (Business to Business)
- B2B is the second term of online business and connection between one business with another business. The simple example is a business creating special software and selling this software to another business for use.
- C2C (Consumer to Consumer)
- C2C is the third term and very easy to understand it’s transaction between one consumer to another consumer. For example a person wants to sell his old mobile ad to online buying and selling platforms like OLX.
- C2B (Consumer to Business)
- C2B is the fourth and the last term of E-Business that is the connection between consumer and business. In this type consumers sell their services or goods to an organization or Business. For example a graphic designer creates a logo for a company.
We cover our two parts of our essay. Now in the third step we’ll read some major advantages of E commerce and in the fourth step read major disadvantages of E commerce in points. So what are you waiting for let’s read Benefits of E-commerce;
What are the Benefits or Advantages of eCommerce?
Here are many much more amazing benefits and pros of doing online business on the internet that are unstoppable and leverage them to your advantages.
- Global Market
The first good point about the ecommerce business is the global and wide range of markets. It means there is no end to your sales, Your customers have advantages to buy your product while sitting at home, office, park, hotel either in the city, in the country or out of the country. Doing online business gives you the name in the global market, that is also called the global village.
- Easy To Start
What you think that online business needs to start months and years, no no my friends just click and click in 10 to 40 minutes your e-store is ready and you are also ready to start selling your products.
- Easy to Find Products
If you are new to the ecommerce business there are many options and ideas to find new products and sell these easily.
- Fastest Way of Buying and Selling
E-commerce is the fastest way of buying and selling. Because every company tries to provide their best services at less price and in less time.
- Low Operational Cast
Good point and in the list of advantages of E commerce that we can operate and start new electronic stores with very low budget. If you have not enough money to buy and start a business just create a website and from the market capture some product photos and upload them to your own store and sell them with profit.
- Easily Selection for Customers
This benefit of e-store is for the customers that they are able to easily select the products. For example you want to buy a watch so you will find many watch companies. And then you visit the specific company website there you will find single products in multi colors and multi functions.
- No Need of Duty
Once your Ecommerce stores run and you have a large number of customers then you have no need to go duty. Your sales would auto increase if you are providing the good products and your customers are satisfied.
- Personal Online Experience
While starting and doing online business you also learn many more things. Like operating the back-end of a website, adding products, adding images, price, writing about products, customer relations etc.
- Affordable Employees
You can also hire the person for your Ecommerce stores, you may hire these people online on a monthly and project basis. These are called virtual assistants that run and keep eyes on your ecommerce business.
What are the Limitations and Disadvantages of eCommerce?
There are a lot of more disadvantages and cons of doing e-commerce business on the internet that are unstoppable and leverage them to your Disadvantages.
- Bad Companies
There are many frauds and bad companies on the internet that take money from you and do not deliver the products. You must have to do complete research and background history of the website before purchasing anything online.
- Product Quality
The biggest drawback of e-commerce is we don’t know about the quality of the products. Many online companies upload HD images that are edited in designing software. In the pictures we find that the product is very high quality but sometimes in reality they are totally different from each other.
- Physical Inspection
Another demerit in the list of Disadvantages of eCommerce is the physical Inspection. It means we are buying something from an online store without touching or blindly.
- Site Crash
The negative point of Electronic Commerce is only for the site owners or Ecommerce owners that run their online business. Sometimes the server goes down and other issues in your hosting and domain may affect your site ranking in google search engine.
- Can’t Try Before Buy
We must have to buy something then try to know the quality and the taste of the product.
- High Competition In Search
E-Commerce stores have always tuff competition among each other because there are many people that are working on the same products. Like most trendy things that every person wants to sell are “Buy Online Clothes, Buy Jewelry, Dresses and there is high competition between products.
- Tax Issues
There are not only the Cons of e-commerce for buyers and sellers, we found many disadvantages of electronic commerce to the government. Because if the buyer sends direct money to the seller, and the seller directly sends the product to the buyer then there is the question of who would pay the government taxes.
- Credit Card issues
As we all know that there are many advantages and disadvantages of credit cards. Credit cards are mostly used for online shoppings and purchasing. But during purchase online there are many issues regarding credit card privacy and information.
- Security Issues
The last drawback in the list of Disadvantages of Ecommerce is the security about the personal and financial information that we provide to the particular company or website, where we purchase something.
- Stay Online
You must need to stay online for customer support and answer to your visitors. In the beginning you may do double duty or if you have a good enough budget then hire the virtual assistant for day and night both.
I hope you find my essay “Advantages and Disadvantages of eCommerce” helpful. If you have any opinion or suggestions please feel free to tell us in the comment box or by contact us page. Please share this topic with your other ecommerce friends.