The internet is here and it is there to stay. The anonymity of internet shopping for and selling creates many dangers of e-commerce and plenty of times those who have cheated on a purchase are never found to be prosecuted. Buying on the large public sale sites on the internet is somewhat safer as they offer buyer protection for a lot of of the transactions handled through their site. However the outdated expression “let the buyer beware” has never been more relevant than with internet purchases. The dangers of e-commerce can involve the products themselves as well as the electronic transaction. Look at it from the perspective of the buyer.
People are moving from a 3rd world status to a more advanced standing. The lifestyles of people are altering dramatically. For a country that was affected by internal conflicts for over half a century, the literacy rate is surprisingly high at ninety two percent. This is another essential factor that makes eCommerce more than possible. These people are moving towards a more technologically advanced lifestyle. Additionally the global impression of technology has made it possible for people to carry the entire internet literally in their hands. People can just place an order online from their phone while they are travelling. Someone may not be wealthy enough to personal a automobile in this nation but they nonetheless place an order while travelling in a public transportation bus.
In all probability the most troublesome challenge companies face in the international market is the technical side of the e-commerce site. Software compatibility is a serious technical issue that has not yet been resolved. Countries fluctuate in terms of how they handle e-commerce and these numerous technologies must be merged into one system. Info Technology (IT) people must be involved in every step of an internationalization process.
One of the other main reasons why eCommerce is going to skyrocket in Sri Lanka in the coming years is that the businesses of the nation which have developed enough to contribute new merchandise to the local market. There have been many restrictions in the last decade for imports. Now that the nation has come out of the internal mess, the international businesses are more than welcome there. There have been many foreign business vendors who have placed their merchandise in the market with quite a few successful business stories.
When one goes out to the supermarket or store to purchase an item, many other costs are actually shouldered aside from the value of the item. First among them is the price of travel from the home to the store. Another cost would be time misplaced for opportunities to earn more. If one engages the services of e-commerce, then these costs are definitely avoided thus making for financial savings for the particular person.
You’ll be able to benefit from extremely fast transport too so in the event you have postpone shopping or just didn’t remember something coming up that is not a problem. It could value you a bit more to get it there in a few days but most of the time it will be price it when you see the look of appreciation on the face of the person who has received it from you. If they are living removed from you, simply order it online, have it reward wrapped and then delivered to their doorstep! Not sure what to get someone? No problem, you can also send them gift playing cards to their email account for them to redeem later.
In conducting my examine, I have researched extensively on the Internet for resources. I chose the Internet as my primary research medium because e-commerce remains to be a fairly new technology. Since it’s technology related, the Internet will provide the most recent knowledge available. Printed publications will not be able to adapt to changes as fast and efficient as electronic publications. I researched many e-commerce related web sites along with some companies that conduct statistical studies. Some of the e-commerce web sites that I looked into are E-Commerce Times, eRetail, and eMarketer. The statistical research corporations that I researched are Forrester Research and Jupiter Communication. Both companies provided valuable statistical knowledge that shows the rise of consumers shopping on-line and the predicted dollar amount that will be spent in the coming years.