Facts About Online Shopping

Wireless technology had absolutely changed the way we live. Tasks that were physically challenging on time and activity are now just a click away and that too with no compromise in quality.

The medium:

The internet technology was initially implemented to facilitate quick admission to advice and user connectivity. However, now this technology serves for sales! The internet has redefined sales. Goods from all over the world can be accessed and delivered to your home. The web is no longer a place for advice sharing; today committed users actualize web pages and extend connectivity world wide. Users of the technology now read, write, school, buy and do business via the internet. Internet is additionally referred to as online arcade or web shopping.

The ambit of internet shopping:

The internet enables you to log on and shop from your home. You get to analyze the products off the racks, analyze the prices. Online shopping enables you to apprehend reviews on the goods from different users who will give you a detail report on the goods which in turn will be helpful in taking a decision. If you’re the one who does not like trying out different clothes before buying then online shopping is the best place for you. The online shopping allows you to select from the list of apparels, with no worry about the size and color. The most interesting part of online shopping is its 24×7!! So no more waiting for your favorite shop to open you can just shop at any time anywhere.

The method:

You can shop for anything on the internet; books, apparel, CDs and electronics, tickets. The sale of clothing, shoes and jewelery takes the big part in online shopping. Online shopping gives the opportunity for the smaller retailers to display their products worldwide, which without internet it was impossible. Even the big brands are catching up the online shopping and giving out the their customers with best deals on all the products. You just have to log onto the website browse through different categories select the product you want to buy. You will get the pictures of the product from different angles and it will also display price.

After doing all the research you just drag and drop to the shopping cart. Once you decide on the payment method, you may pay through PayPal or credit cards. The security is maintained in this shopping websites as it involves money. After the payment you just got to wait for the shipment to arrive on your doorstep.

Advantages of online shopping:

One of the main advantage of online shopping is the ‘return-facility’. With this facility if the customers is not satisfied with the goods he can just send it back and get the money back. Online shopping is 24×7 which makes the internet shopping even more useful to the customers. Now more getting tensed about the groceries shopping, you can just shop all your groceries on your office computer or at the comfort of your home at anytime because its 24×7. You can shop at all leading stores, shop at all leading brands. Now no more running from store to store.

The disadvantages of internet shopping:

Online shopping takes out the physical presence of the customer when buying goods. The checking out the quality of the goods before buying products is missing.The fun of going out shopping, going out for dinner after shopping is all gone in online shopping. Its an individual choice some people may like the convenience of buying goods and home or some may like to go out buy stuffs and have fun. Happy shopping!!!

The Expectations of Online Shopping

Online shopping is going to blast. Nowadays retailers are adding in-store pickup, offer free shipping and experiment with social media. It is getting difficult to say who is pure internet retailer and who are bricks and mortar shops with online portals. All of them are reformulating how we will shop online in the future: via a mobile device, tablet computer, in store kiosk, etc.

New legislation might be required in order to protect the customers but this will also affect negatively online shopping. Internet retailers would have to collect sales tax. We will talk about legislation latter on in this article.

However, more and more traditional retailers are going for online selling. L.L Bean launched free shipping on all items, Macy’s offers free shipping on purchases of $99 or more, Walmart bought social media platform Kosmix in order to build their online business and Toys R Us purchased a new distribution center to support internet sales.

More and more retailers will implement in-store pick up. Walmart started already by offering in-store pick up for orders placed online. Sears and Kmart are testing home delivery. Farm Stores in Florida offer their shoppers to order groceries online and pick up at a drive through. Some smaller stores might even open designated pick up locations for goods ordered online (example Chronodrive).

Nowadays people who own a smart phone can use applications that allow them to do price comparisons or use coupons to purchase online. But we are just getting started with this type of technology.

New applications allow customers to upload video clips modeling new cloths or using a new purchase. This is a new feature but will definitely pick up quickly.

What about the power of social network like Facebook and Twitter? As a consumer you are able to “like” or follow a favorite retailer and get discount on deals. For example 12 million consumers “like” Victoria’s Secret on Facebook as of March 2011.

Jim Okamura (managing partner at Okamura Consulting) says that social shopping is just getting started. He mentions that Facebook offers good return on investment. However there are still lots of retailers that have not taken this advantage yet.

Online shopping is also going to help a lot of small niche online retailers. Via international or cross border e-commerce, they are now doing 10-20% of their sales outside their own country (example SousVideSupreme, Zara, Top Shop and StyleTrek).

There are nowadays more and more sites that cut through the din of so many sites and bring consumers only the information they are interested in: Dealnews, ConsumerSearch, Brad’s Deals and My Shopping Genie. There are sites you can use to find coupon codes, and possibly to make money while shopping online. There are also a variety of websites you may utilize to earn “points” or “bucks”. You can accrue these points and bucks and “cash them in” for goodies such as gift cards, real cash, accessories, electronics, so on and so forth (Swag Bucks).

A great advantage for consumers of online shopping is that as it becomes easier to compare prices (via My Shopping Genie for example) stores will be forced to create better experiences with better sales staff and items hard to find anywhere else.

In an article from April 2011 it was revealed that China shut down 410 websites involved in copyright violations and counterfeiting in the first 3 months of 2010. This is a sign that governments are now trying to interfere in legitimating online sales and making it safe for online shoppers. China’s online shopping has been booming (iResearch analysis). China has more than 450 million internet users, being the world’s largest. China’s online shopping transaction volume jumped 89.4 % year on year. About 148 million customers purchased goods or services online in 2010. China’s online economy grew rapidly in the first quarter of 2011, mainly driven by the development of e-commerce and mobile internet. Due to this increase in online shopping, local Chinese authorities are placing more emphasis on monitoring online shops.

Another example is Malaysia. Malaysians spent $739millions shopping online last year according to a survey released by PayPal. The PayPal’s growth in Malaysia last year was the strongest in the region Asia and India at 70%. The biggest percentage of online retail purchases are made on local websites. However the USA is the most popular country Malaysians bought from.

As we mentioned above, governments are now trying to make the online shopping safer for the customers.

In an article from ABC News from April this year, it is stated that the White House has developed a plan named the National Strategy for Trusted Identities in Cyberspace (NSTIC) in order to fight online identity theft. The idea of this plan is to consolidate internet logins, kind of “Connect” for online shopping with the government’s mark of approval. Furthermore better security will encourage consumers and financial services companies to embrace payments through smartphones. The supporters of this system pointed out that the program would be voluntary. However there are pros and cons regarding this topic. The customers may benefit from these type of legislations but there are also disadvantages to it.

Online Shopping – The Pros and Cons

Are you are new to online shopping? Do you want to know the advantages and disadvantages of online shopping? If the answers to these questions are yes, read further to get more information on this new form of shopping, which is also called internet-based shopping.

Pros Of Online Shopping

When you do a comparison of traditional shopping with it, you will find that the latter is more advantageous. In the traditional shopping, there are time restrictions. Most shopping centers open in the morning and close in the evening. If you want to do the shopping in the night, where will you go? Well, you can’t shop at midnight, as most of the shopping centers will be closed at that time. With it, you can shop 24×7, which means that you get up at 0200 hours and look for your favorite DVDs online.

If you go for furniture shopping the traditional way, you will have to go from one shop to another in search for the furniture of your choice. A lot of effort goes into traditional shopping, which is not the case with it. You look out for the best furniture and then select it. Finally, you make the payment for the selected furniture using a credit card, and just sit back and relax, as the furniture will be delivered to you soon.

Electronics shopping is also very convenient in online shopping. You can compare the prices and features of most of the electronic goods and then make the purchase. For example, if you are searching for a cell phone, you can do a comparison shopping on a few websites and find the lowest price. The same activity will take hours together if you have to do it the traditional way, because you will have to run from pillar to post to get quotes for cell phones.

For online shopping, you need not wait in long queues. The greatest advantage of it is the convenience that it gives to the consumers or shoppers. For music lovers, it is a blessing in disguise. Music lovers can listen to the music and select the songs they like the most. Subsequently, they can proceed with the online payment by using a credit card.

Cons Of Online Shopping

Online frauds are the worst nightmares for shoppers shop there. There are some phishing websites that indulge in fraud and fleece money from customers. Online shoppers cannot check the product they are buying unless it reaches their homes. Tangible products that need to be touched and felt are sometimes difficult to buy on the Internet. Online shops or stores do not accept cash and check, so the shoppers not having a credit card or debt card cannot do shop online.

Online shoppers have to bear the shipping costs of the products in many cases. Although some websites say that they offer free shipping, you need to check the price of that product. The shipping costs are often included in the cost of the product.