What is Online Shopping
Online shopping is becoming increasingly popular for variety of reasons. There are certainly outside factors such as increasing gas prices, difficulty in getting to traditional stores and hassles often associated with shopping malls and other traditional stores to contribute to the increased interest in online shopping.
Consumers can get full information about the product with its reviews being passed by the existing users. If one wants to buy a product he/she is no longer limited to asking the friends and families because there are many products reviews on the web which gives opinions of the existing users of the product.
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Online Shops Advantages
Online stores are usually available 24 hours a day, and many consumers in Western countries have Internet access both at work and at home. Other establishments such as Internet cafes, community centers and schools provide internet access as well. In contrast, visiting a conventional retail store requires travel or commuting and costs such as gas, parking, or bus tickets, and must usually take place during business hours. Delivery was always a problem which affected the convenience of online shopping. Online shopping sites contain wide variety of goods both high quality and mild quality keeping in mind the level of people.
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- There are no national and International Barriers.
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- In online shopping the consumers will be in a demanding position and suppliers will not be in a commanding position
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- There are enormous employment opportunities in online shopping.
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Some Of The Online Services
Online Banking
Net Bank and Wingspan pioneered online banking in United States in 1996 and 1997, respectively. Traditional Banks had developed earlier versions of telephone banking, but did not use online services until 1998. Although late by a year or two, the established brand – name national banks have taken a substantial lead in the market share as the percentage of the customer’s bank online has grown rapidly.
Online Insurance Services
The online insurance industry has been very successful in attracting visitors looking to obtain prices and terms of insurance policies. The industry has been less successful at getting customers to buy policies online. Although this is changing, particularly in the areas of auto mobile insurance poleis, which are less complex.
Online Travel Services
Online travel is one of the most successful B2C e-commerce segments, accounting for more online revenue than any other than online category. The Internet is becoming the most common channel used by consumers to research travel options, seek the best possible prices and book reservations for airline tickets, hotel rooms, rental cars, cruises and other tours.
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