What is eCommerce, its importance, Advantages and Disadvantages

What is eCommerce

• Transformation of economic activity into digital media.
• Electronic Commerce or eCommerce is the buying & selling of goods and services over the electronic network.
• The term eCommerce or Electronic commerce refers that "commercial transactions conducted electronically on the Internet."

Importance of eCommerce

• eCommerce almost covers different types of business for different kind of sales and services.
• Electronic commerce operates and connected with main aspects and important segments of the government and market.
• Some companies conducts business exclusively through eCommerce sites to expand their business easier.

eCommerce Advantages

1. eCommerce allows the consumers electronically to make an use of goods and services as per the election and convenience without limit of time and distance.
2. eCommerce is the fastest way for business transactions.
3. It is the easiest way to find out the product and services
4. Easy to review products and services from existing consumers.
5. Easy to compare product rates or services tariff to choose as per the convinience of the consumer.
6. No need to spend liquid money either no need to withdraw money from ATM.
7. Segments like Traveling, booking, classifieds, matrimony and much more categories involved eCommerce sites for consumer to choose better one.

Also read : Why virtual money is better than liquid money

eCommerce Dis-Advantages

1. Patience will be appreciated to get the product until it shipped.
2. No physical examine to the products to check the quality.
3. Hidden charges like Shipping and Handling.
4. There is risk of fraud [using stolen card/stolen password] from hackers.
5. Frauders can be found behind the profile of matrimony.