Online Shopping Essay Example for Free

Online Shopping EssayOnline obtain (some generation known as e-tail from electronic retail or e- give awayping) is a form of electronic commercewhich allows consumers to directly buy goods or services from a seller over the net using a web browser.HISTORYEnglish entrepreneur Michael Aldrich invented online unwrap in 1979. His system connected a modified domestic TV to a real-time accomplishment processing computer via a domestic telephone line. his enabled closed corporate tuition systems to be unfastened to outside correspondents not just for transaction processing but overly for e-messaging and information retrieval and dissemination, by and by known as e-business In March 1980 he went on to launch Redifons Office Revolution, which allowed consumers, nodes, agents, distributors, suppliers and service companies to be connected on-line to the corporate systems and allow business transactions to be completed electronically in real-time. 3 During the 1980s4 he designed, ma nufactured, sold, installed, maintained and supported many online shopping systems, using videotex technology The first secure retail transaction over the Web was either by NetMarket or Internet Shopping Network in 1994.7Immediately after, Amazon.com launched its online shopping site in 1995 and eBay was also introduced in 1995.6 Alibabas sites Taobao and Tmall were launched in 2003 and 2008, respectively.Reasons for online shopping1) Convenience Where else fuck you do shopping, even at midnight, wearing your jammies? You dont have to wait in a line or wait till the shop assistant helps you with your corrupts. You erect do your shopping in minutes even if you are busy, apart from saving time and avoiding crowds. Online shops give us the opportunity to shop 24 x 7 and also reward us with no pollution shopping. 2) Better Prices I get cheap deals and better prices from online stores beca uptake products come to you directly from the manufacturer or seller without middlemen involved. Many online shops suggest discount coupons and rebates. 3) Variety One can get several brands and products from different sellers at one place. You can get in on the latest international trends without slide bying money on travel you can shop fromretailers in other parts of the country or even the world without being contain by geographic area These stores offer a far greater selection of colors and sizes than you give find locally. If you find that the product you need is out of stock online, you can take your business to another(prenominal) online store where the product is available.4) Fewer Expenses Many times when we opt for conventional shopping we tend to spend a lot more than the required shopping expenses, on things the like eating out, traveling, impulsive shopping etc. 5) Comparison of Prices Online shops make comparison and research of products and prices possible. Online stores also give you the ability to share information and reviews with other shoppers who have firsthand experience with a product or retailer. 6) Crowds If you are like me, you would like to avoid the crowds when you do the shopping.Crowds force us to do a hurried shopping most of the time. Crowds also create a problem when it comes to finding a parking place nearby where you want to shop and going back to your vehicle later loaded with shopping bags. 7) Compulsive Shopping Many times when we go out shopping we end up buy things which we do not require because of the shopkeepers upselling skills or well compromise on our choices because of the lack of choices in those shops. 8) Discreet Purchases Some things are better done in privacy. Online Shops enable me to purchase undergarments and lingerie or adult toys without the embarrassment that there are several deal watching me and my choices.Product selectionConsumers find a product of interest by visiting the website of the retailer directly or by searching among alternative vendors using a shopping search engine. at onc e a particular product has been found on the website of the seller, most online retailers use shopping coerce software package to allow the consumer to accumulate multiple items and to adjust quantities, like filling a physical shopping cart or basket in a conventional store. A checkout process follows (continuing the physical-store analogy) in which defrayment and delivery information is collected, if necessary. Some stores allow consumers to sign up for a permanent online account so that some or all of this information only needs to be entered once. The consumer often receives ane-mail stay once the transaction is complete.PaymentBilling to mobile phones and landlines1314Cash on delivery (C.O.D.)Cheque/ curbingDebit cardDirect debit in some countriesElectronic money of various types salute cardsPostal money orderWire transfer/delivery on paymentInvoice, in particular popular in some markets/countries, such as Switzerland Bitcoin or other cryptocurrenciesProduct delivery once a payment has been accepted, the goods or services can be delivered in the following ways. For physical items ecstasy The product is shipped to a customer-designated address. Retail package delivery is typically done by the public postal system or a retail courier such as FedEx, UPS, DHL, or TNT. Drop rapture The order is passed to the manufacturer or third-party distributor, who then ships the item directly to the consumer, bypassing the retailers physical location to save time, money, and space. In-store pick-up The customer selects a local store using a locator software and picks up the delivered product at the selected location. This is the method often used in the bricks and clicks business model. For digital items or ticketsDownloading/Digital distribution15 The method often used for digital media products such as software, music, movies, or images. Printing out, provision of a cipher for, or e-mailing of such items as admission tickets and scrip (e.g., gift certificates a nd coupons). The tickets, codes, or coupons may be redeemed at the appropriate physical or online premises and their content reviewed to verify their eligibility (e.g., assurancesthat the right of admission or use is redeemed at the correct time and place, for the correct dollar amount, and for the correct number of uses). Will call, COBO (in lot Of Box Office), or at the door pickup The patron picks up pre-purchased tickets for an event, such as a play, sporting event, or concert, either just forwards the event or in advance. With the onset of the Internet and e-commerce sites, which allow customers to buy tickets online, the popularity of this service has increased.Types of Buying Behaviour.There are four types of buying behaviour.1. Complex buying behaviour is where the individual purchases a high value brand and seeks a lot of information before the purchase is made. 2. Habitual buying behaviour is where the individual buys a product out of habit e.g. a daily newspaper, sugar or salt. 3. Variety seeking buying behaviour is where the individual likes to shop virtually and experiment with different products. So an individual may shop around for different breakfast cereals because he/she wants variety in the mornings 4. Dissonance reducing buying behaviour is when buyers are highly involved with the purchase of the product, because the purchase is expensive or infrequent. There is little difference surrounded by existing brands an example would be buying a diamond ring, as people believe there is little difference between diamond brand manufacturers.