Post by ruhaimaromana22 on Nov 8, 2024 20:50:56 GMT -7
Modern technology has made a significant contribution to the changing world of retail. Whereas previously you had to go to the store to buy goods, now one click is enough and the necessary product will be at your home the next day or even an hour later. Online shopping is an integral part of our lives, which has significantly increased the demand for online goods and services, and has changed the entire retail industry.
E-commerce or electronic trade is a set of social media marketing service financial and trade transactions on the network that make up the chain of business processes of the global economy. E-commerce includes:
any purchase and sale on the Internet;
electronic money transfers;
internet marketing;
electronic data interchange.
Classification of e-commerce
In terms of purchasing goods or services, online trading can be classified into several categories. The first concerns the nature or type of goods:
material goods (food, clothing, electronics);
digital goods (online subscriptions, music, information and user data);
provision of services (copywriting, online education, car sharing).
The second category in the classification refers to the consumer himself. A buyer in the chain of online trade can be either an ordinary consumer or an entire state.
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Strengths and weaknesses of online trading
The advantage of online trading is primarily the reduction in the number of intermediaries in the purchase and sale. Many manufacturers do not need to look for points of sale, hire additional personnel and rent trading platforms. Consumers can now find a seller on the Internet themselves and learn about the product through advertising.
The main disadvantages include increasing competition among supplier and manufacturing companies, market saturation with low-quality goods, and the difficulty of registering copyrights for various services and goods.
The Future of E-Commerce
The scale of growth of e-commerce is astounding. According to the American stock exchange Nasdaq, more than 95% of all purchase and sale transactions in the world by 2040 will be carried out online. Many trends are already actively being implemented in our lives and are used right now all over the world.
The main trends in e-commerce will be:
Conscious consumption. Consumers will pay more attention to eco-friendly and exclusive products.
Biometric payment systems: Consumers will be able to pay for purchases without entering account details using voice or image.
Multichannel shopping. Advertising of goods and services will be possible on any platform and through different channels of communication with the buyer.
Implementation of virtual reality in the purchasing process. It will be possible to examine or even try on a product without leaving the room thanks to technologies for the implementation of augmented reality.
Social networks as the main channels of purchase and sale. The consumer can buy any product or find a service without leaving his favorite social network.
Implementation of various smart search and artificial intelligence tools into the process of selling goods.
Thus, e-commerce is the basis of future trade, which provides huge opportunities for consumers and producers of goods and services. You can already get your favorite book or order medicines online today, and on our website take interesting, and most importantly, free online courses and get the necessary competencies for life in the world of digital technologies and Internet things.
E-commerce or electronic trade is a set of social media marketing service financial and trade transactions on the network that make up the chain of business processes of the global economy. E-commerce includes:
any purchase and sale on the Internet;
electronic money transfers;
internet marketing;
electronic data interchange.
Classification of e-commerce
In terms of purchasing goods or services, online trading can be classified into several categories. The first concerns the nature or type of goods:
material goods (food, clothing, electronics);
digital goods (online subscriptions, music, information and user data);
provision of services (copywriting, online education, car sharing).
The second category in the classification refers to the consumer himself. A buyer in the chain of online trade can be either an ordinary consumer or an entire state.
Take online courses for free
and discover new opportunities
Start studying
Strengths and weaknesses of online trading
The advantage of online trading is primarily the reduction in the number of intermediaries in the purchase and sale. Many manufacturers do not need to look for points of sale, hire additional personnel and rent trading platforms. Consumers can now find a seller on the Internet themselves and learn about the product through advertising.
The main disadvantages include increasing competition among supplier and manufacturing companies, market saturation with low-quality goods, and the difficulty of registering copyrights for various services and goods.
The Future of E-Commerce
The scale of growth of e-commerce is astounding. According to the American stock exchange Nasdaq, more than 95% of all purchase and sale transactions in the world by 2040 will be carried out online. Many trends are already actively being implemented in our lives and are used right now all over the world.
The main trends in e-commerce will be:
Conscious consumption. Consumers will pay more attention to eco-friendly and exclusive products.
Biometric payment systems: Consumers will be able to pay for purchases without entering account details using voice or image.
Multichannel shopping. Advertising of goods and services will be possible on any platform and through different channels of communication with the buyer.
Implementation of virtual reality in the purchasing process. It will be possible to examine or even try on a product without leaving the room thanks to technologies for the implementation of augmented reality.
Social networks as the main channels of purchase and sale. The consumer can buy any product or find a service without leaving his favorite social network.
Implementation of various smart search and artificial intelligence tools into the process of selling goods.
Thus, e-commerce is the basis of future trade, which provides huge opportunities for consumers and producers of goods and services. You can already get your favorite book or order medicines online today, and on our website take interesting, and most importantly, free online courses and get the necessary competencies for life in the world of digital technologies and Internet things.