Top 5 Advantages of E-Commerce to Consumers

Advantages of E-Commerce to Consumers

E-Commerce offers the following advantages to consumers.

1. Wide range of products and services

Electronic commerce through internet enables the customers to choose a product or service of their choice from any vendor anywhere in the world. Due to space constraint, a vendor can stock only a minimum amount of goods in the physical store.

A virtual store enables a business organization to stock a lot of goods without considering the inventory cost. Hence, a business also provides a lot of choice to consumers to choose a product of his /her choice.

2. Convenience

Customers can buy any product from anywhere in the world without moving away from their workplace or home through internet. Due to bad weather, people may restrict their shopping even if necessity arises. E-commerce provides convenience to buy goods or services without causing any physical constraints to the consumers.

3. Saves money

The cost incurred by the business on the middlemen generally falls on the consumer. Since the middlemen are eliminated, the customer is free from bearing the cost of the middlemen. To attract customers and to combat competitors, several business organizations offer product and services at cheaper price.

Certain goods like e-books, music audio clips, software can be purchased and delivered through internet. It saves cost for the buyers.

4. Saves time

Time saving is one of the prime benefits of online shopping. Time taken for selection, buying and paying for an online product may not take more than 15 minutes; the products are delivered to customers’ door steps within a week. It saves delivery time for the buyers.

5. Adequate information

Internet is used as a main vehicle to conduct transactions in e-business. Internet allows customers to search for product information, compare the prices and benefits and finally evaluate its value before committing purchase.

Through internet, customers can get their queries clarified and track their delivery status when the goods are being sent to them. If any doubts arise while handling the products, the customers can easily contact the business through internet.

Leave a Reply




Recent Posts


Related pages


apportionment methodspayout ratio formulabankers lienin a capitalistic economywhats a debenturembo methodsales forecasting meaning1 dollar equals rupeesbenefits of backward integrationhow to calculate flexible budgetwhat are advantages and disadvantages of corporationsrole of banks as financial intermediariesnpa assetsabc costing systemstrengths and weaknesses of stratified samplingthe meaning of precautionrbi monetry policyexamples of quota samplingsidbi wikimeaning of intermittent in urduoverhead absorption rate definitionadvantages of promotional pricingeffective delegationsnowball sampling advantages and disadvantagesadvantages of probability samplingcaveat emptor principletypes of non probability sampling with examplesdefinition of flexible budgetbudgeting and budgetary control pdfequity warrants meaningprospectus definebenefits of sole traderirr methodhow do you calculate average collection periodscm flowdescribe three roles of financial intermediariescapital employed turnover ratio formulapreparing a flexible budgetdrawer of chequearrear calculatorretained profit advantagesa high accounts receivable turnover ratio indicatesrole of gattmerits of decentralizationprobability and nonprobability sampling methods in researchconcentrated segmentation definitionproduct mix and product line decisionsdifference between inter firm and intra firmexchange rate forecasting methodsgovernment bills definitionsubhiksha storeswhat is the dupont formulaadvantages of payback period methodhow to calculate employee turnoverofficemailprivity of contract lawcreditors collection period formulawagering definitionadvantages and disadvantages of centralized and decentralized purchasingcpc calculatorprofitability ratio interpretationtypes of debentures in indiareceivables turnoverdefine mechanizedhow to file alphabetically and numericallydrawbacks of market research1us dollar rupeevoid ab initio legal definitioncaveat emptor legal definitioncontingent liabilities on balance sheetobjectives of pomirrevocable revolving letter of creditadvantages of the franchisorsubordinates meaningmbo managementmeaning of speculatingdistinguish between job costing and process costinglabour turnover causesgatt meaning