E-commerce in Our Society

E-commerce

In this fast modern world, many people usually do not get enough time to go about shopping or purchase necessities and other items. Thus, to bridge the gap between individuals and businesses, a new system of business has arrived, which is called E-commerce.  This mainly happens in the urban areas where you are occupied with your job, for that matter, and don’t have time to spare for shopping by physically going to stores.

Sometimes, it may also happen that certain shops and stores are far away from your home and because of that you don’t want to go there.

Today, various technologies like mobile commerce, electronic funds transfer, supply chain management, internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, automated data collection systems, etc., function under E-commerce.

 

We shall look at the various benefits that E-commerce can do for our society.

  1. It provides online marketplaces for third-party business-to-business, business-to-consumer and consumer-to-consumer sales.

  2. It involves the method of online trading which is fast and time saving for both you and various businesses.

  3. People can simply sit at home and shop for your favorite products on the internet via E-commerce.

  4. You can purchase books and E-books (electronic books in digital format) online through many available online services, such as Amazon.

  5. Purchase your favorite music in the form of digital distribution from online stores, such as iTunes Store.

  6. You can book your travel tickets online quickly and also check the various schedules on the travel agency’s website.

  7. It has established prospective marketing to customers by email and fax, such as newsletters.

  8. With the help of E-commerce, you can do your banking transactions online.

  9. E-commerce provides online financial exchanges for currency exchanges and other trading purposes.

  10. You can order food and grocery online from various online retail services available on the internet.

  11. E-commerce engages in launching new products and services for our consumption and needs.

  12. You can purchase medicine from online pharmacies quickly and easily.

  13. E-commerce areas, such as online retail, electronic markets, and online auctions are supported by electronic business.

  14. There are many services that allow for online auctions that enable you to sell your items to anybody.

  15. E-commerce also provides an opportunity for employment in various sectors and you have a greater chance of living your life in a better way.

 

Significance of E-commerce

It has a significant place in our society today, as it makes our day-to-day lives easier so that we can do other things alongside. Technology is advancing and improving at a rapid rate and so are our needs.

The modern electronic commerce uses the World Wide Web for all of its uses in our society. It is also very useful in a way that if you are old or you have grandparents who cannot go out, they can easily do all the necessary purchases and transactions online simply by sitting at home.

Thus, we can say that E-commerce is a very useful component of online marketing and services in our society.