3. The selling or enabling
the sale of products or service to
consumers through the INTERNET.
4. How did Online Shopping came ?
Online shopping emerged
with the development of the
internet.
Entrepreneurs saw the
potential in online shopping
and sprung at the chance to
make virtual storefronts, so
that consumers could shop
without leaving their homes.
5. Growth of Online Shopping
There are over 70,000 new websites put
on the internet every hour.
Internet traffic is doubling every three
months.
The annual internet commerce revenue
has grown from $35 million in 1998 to
$166.5 billion in 2013.
(Taken from CISCO Systems WEB Site)
7. Convenience
-Geographic
-Store hours
-Ease of transaction
-Quick and efficient shopping process
Information
-Quick location of items
-Easy price/attribute comparisons
9. Less Dependence On
Intermediaries
-Geographic distribution
-Holdup
-Time to delivery
Marketing
-Target marketing
-Direct customer relationships
-Customer service
11. Fraud- Do you know the Company?
Security- Is your credit card safe?
Privacy- Is your information being
sold?
Shipping- Are you getting the correct
product at the requested time?
Difficulty- Do you know how to shop
online?
13. Differences
-Cannot try or test
product before
purchase.
-Minimum human
interaction if any.
-Cannot pay by cash*
-Shop anytime online.
( * - In case of certain
online websites )