Pros and Cons of E-commerce

 

It was reported with the help of statistics that electronic retail sales are predicted to rise up to 4.8 trillion dollars by 2021 (Ferreira, 2019). However, this increase in usage does not necessarily rule out the fact that it does not have any disadvantages; 

Here are some of the Advantages and Disadvantages of electronic commerce in accordance with Ferreira(2019):

    Advantages:          

        - Low startup financial cost.

        - Income could be gained throughout the day(24/7) as the website may always remain open.

        - International sales.

        - Ability to showcase the best-selling products.

        - Ability to customise a page per audiences' searches.


    Disadvantages:

        - Sales may be affected during a Site Crash.

        - Competition is high, SEO may need to be used to increase traffic. 

        - Customer service and live-chat may need to be available throughout the day.

        - Shipping may take very long durations.

        - Inability for customers to check products before purchasing.


Reference:

Ferreira, N.,( 2019). 20 Advantages and Disadvantages of Ecommerce | Oberlo. [online] Oberlo.co.uk. Available at: <https://www.oberlo.co.uk/blog/20-ecommerce-advantages-and-disadvantages> [Accessed 28 January 2021].                    

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