E-commerce a revolution
e-commerce has taken away a considerable market share away from traditional market dealers and traders. E-commerce is a new way of buying and selling. You must have heard that everything changes with time; this is the era of change in the pattern of market.
People are shifting from offline shopping to online shopping. As these stores provide good discounts and offer lucrative deals on various product and services, people are getting attracted towards it. Even the old traditional market sellers are seeking the help of these online shopping websites, to expand their business and to modify themselves with time and situation.
Some big names in the ecommerce market are
- Amazon.com
- Ebay.com
- Bestbuy.com
- Yebhi.com
- Expedia.com
- Hotels.com
- Fashionjunkie.com
- Snapdeal.com, etc.
The revenues generated by these websites are increasing day by day in compensation for the decreasing revenues by old market dealers. The old and traditional market traders have to change their policies and style to compete with this new changing market style.
The most common and popular products these websites are travel books, travel services, electronic items like cell phones, digital cameras, fashion and clothing, etc. the old and traditional people are still sticking to their old traditional market while new generation, which is a complete is holding a grip on this new trend of e-commerce.
The factors which limit e-commerce in boundaries is that
- All the products cannot be auctioned or sold through e-commerce market.
- It’s difficult for people to trust these websites and give the details of their private financial accounts.
- There is a communication gap between seller and buyer.
- Person should be literate and have knowledge of internet and banking to utilize services of e-commerce.
By invention of e-commerce the winning sides are online trader. Previously to expand business, one had to set up an office or branch of their organization in the region. But now physical presence of the organization is not the requirement, the virtual presence on the internet is sufficient to reach remote places through internet. Previously internet was used by less number people for lesser number of purposes but now the scenario is different. Newer application of internet is being discovered every day, resulting in increase in number of users. Now people use internet for day to day work, which bring them close to another application of internet i.e. e-commerce. Number of internet users is increasing day by day which will indirectly result in increment of e-commerce users.
Very soon every existing human will be an internet user then one can assume the result on the number of e-commerce users. It is one of the fastest growing markets in the world.
Online shopping stores like yebhi.com and ebay.com have changed the shape of market. With the changing market tradition ne traders and players are entering into online shopping market. The customers are facing lots of problems and have serious complaints of poor service and fraud against these small and newly established online shopping websites. In this situation old and trustworthy websites Ebay.com and yebhi.com comes as a remedy. Clients face lesser problems and file lesser complains against these websites. Facility of cash on delivery provided by yebhi.com makes it easy for a new customer to trust and take a chance on online shopping market.
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