E-commerce known for electronic commerce refers to online buying and selling of goods. It also includes the exchange of data and money to complete these e-commerce transactions. Generally, it is the sale of physical products with the help of internet or commercial transactions facilitated with the help of internet. All you need is to have an internet connection and a device connected with it and that is all. E-commerce has emerged as a trend in this 21st century; the major population has now started using e-commerce websites. Many e-commerce websites have gained a huge success in recent years like Amazon, Flipkart, Myntra and many more.
Also, e-commerce has sorted many lives in terms of day to day activities. One has to just order at anyplace and you get the details. However, one might get scary at the time of payment method but for your information, e-commerce websites have the most secure payment gateway. And the best thing is that you get a wide variety to choose from. The store is always open so, no time boundation. Resulting in the best way to shop.
Now people can visit different websites to buy clothes in a very few time, which is way better than walking into different stores. You get every facility to check color, offer, models and various details. And all it takes is 10-15 minutes. It’s way different and convenient than traditional way of shopping.
Purchasing from an online store reduces overhead costs like store management cost, counter cost, inventory cost, security cost, transportation cost, Shop rent and salary etc.
As for traditional shopping it takes a lot of time to purchase a product because we have to go to various stores because we can’t get everything at one stop. So, it consumes a lot of time but now e-commerce store provides different products, brands, designs, color whatever you want at one stop.
An E-commerce store gives many exciting offers and deals which protects the interest of the customer and retain them for future shopping. Various offers at the time of festivals like Diwali shopping and season sales etc.
The investment for an e-commerce store is a one-time investment. Its operational cost and maintenance cost is very less as compared to offline stores.
Buyers and sellers are free to choose any market place for buying and selling the products they want to. There is no boundation of market place because there are more than 1 million companies operating in the e-commerce market.
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