Use of latest technologies by ecommerce business solutions providers, fast transaction processing by top payment processors and ease of product delivery through global shipment providers have all made ecommerce a cheap convenient option for both buyers and sellers. While there are people earning handsomely equipped with only a site developed by an affordable ecommerce web site designer, there are those rapidly growing big multi-nationals who earn in millions through ecommerce.
As the process of ecommerce website development and maintenance becoming more streamlined, the popularity of online business is also increasing rapidly. However, like every other concept, ecommerce has its advantages and disadvantages. These are:
Advantages of EcommerceBuying and selling are faster as compared to a physical store. Also, it is more convenient to locate the right product.Unlike a physical store, buying and selling is a 24X7 activity.Bigger customer base as there is no geographical or physical constraint for a customer.Extremely low overall operation cost as the process of ecommerce software solution development is far cheaper than setting a physical store selling the same productsConvenience in business setup as there is no requirement for company formation and other related business formalities initially. Can start the business with almost zero investmentMore options for customers with facilities to compare any product from different providers.
Disadvantages of EcommerceSellers' credentials are hard to trace as anyone can setup an ecommerce site from anywhere with the help of an ecommerce website design expert.Except in established brands and ecommerce websites, product-quality is not guaranteed everywhereCustomer's loyalty is not guaranteed for a seller as there are lot of marketer selling the same productDue to a lack of proper shipment infrastructure, it is not possible to sell products everywhereBuyers are often cheated by fraudsHacking, vandalizing, data theft are common in ecommerce
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