Pro and Cons of E-Commerce in Business

     E-Commerce can be defined as a trading in products or services using computer networks, such as internet. Electronic commerce draws on technologies such as mobile commerce, electronic fund transfer, supply chain management, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems.

   Based on the research, Amazon is officially the most popular e-commerce site in Malaysia, it is even more scarier (to local businesses) if they are able to provide free shipping in Malaysia. It same goes to Lelong.my which is the most famous online marketplace for local e-commerce site. Please visit to www.ecommercemilo.com/2013/07/top-popular-e-commerce-sites-malaysia.html?m=1 for further information about Top & Popular E-Commerce Sites in Malaysia.

   There are few pro and cons of e-commerce in life. First of all is no standing in queues or being placed on hold forever. For us as a customer, this is one of the most popular conveniences of e-commerce. Using the e-commerce technology, it is easier to customer to compare prices. There are several shopping search engines and comparison shopping websites that help consumers locate the best prices.  While buyers love this, sellers find it too restrictive as many of them get filtered out of the consumer’s consideration set. Other than that, with existing of e-commerce system, there no need for a physical store. E-commerce businesses can save on one of the biggest cost overheads that retailers have to bear. Since there are no shelf size or store size limitations, ecommerce businesses are able to list many different items.

   Besides that, there are eight unique features of e-commerce technology. First is ubiquity, as we know internet or web technology available everywhere and anytime, so it easy for us to e-commerce website. We also can classify E-Commerce as Global Reach because nowadays the technology reaches across national boundaries and around earth. Another feature is universal standards, which one set of technology standards and internet also standard. In addition, e-commerce technology can be richness technology as we can use the video, audio and text messages to support our business; it will help our business through e-commerce can to be more attractive compare to normal business. Next features are interactivity. The technology works through interaction with the user.

    Nowadays, everyone use the internet, so it easier to connect with user and promote thing through e-commerce technology. Information density will be the one unique features of e-commerce technology that means the total amount and quality of information available to all market participants. They can search any information because internet technology have unlimited information.

   Personalization and Social technology also be the unique features of e-commerce technology. Even there are many unique features of e-commerce but it also has some weakness or cons of e-commerce. Firstly, the cost to creating or building e-commerce application in house maybe very high. There could be delay in launching the e-commerce application due to mistake and lack of experience. For the user site, they may not trust the site being unknown faceless seller. Such mistrust makes it difficult to make user switch from physical stores to online or virtual stores. In conclusion, there are pro and cons of e-commerce technology in business. Please enjoy the video below to understand more about e-commerce business.