E-commerce

E-commerce Is buying and selling products over the internet. Such as amazon or ebay, it allows people to buy and sell products t one another and they can also leave reviews, comments and ratings.Brick and clicks is a business model by which a company integrates both offline (bricks) and online (clicks) presences. For example banks such as HSBC have street branches and they also have online websites.  People use online banking as an instant way of transferring money and handling the money in their account with ease.

The advantages of online banking are:

·         You can transfer money instantly so it saves your time

·          There are no queue’s

·         Your details stored when you first use your online banking account so it saves time having to put all your details again and again

·         You can get access to Instant information of your bank account

However there are some disadvantages:

·         Believe or not there are security risks

·         It can be time consuming logging in and passing security stages

·         It is easy to make mistakes

·         There is no or an anonymous relationship between you and the bank

Ebay is an online auction and shopping website in which people and businesses buy and sell a broad variety of goods and services worldwide. Ebay is one of the notable success stories it is now a multi-billion dollar business with operations localized in over thirty countries. Ebay expanded from its original auction format to include "Buy It Now" standard shopping; event ticket trading and online money transfers using PayPal and other services.

But like everything there are advantages and disadvantages, the disadvantages are:

·         The seller could take the buyers money and  not give them the goods

·         What do Ebay get for it?

·         Some people may sell faulty, fake or stolen goods

The advantages are:

·         It gives people a chance to sell unwanted items

·         People can make money from items they don’t need

·         Collectors can find items they need or want to collect

·         It is safe and easy to use 

·         you can buy just about everything for relatively cheap prices 

·         you can add photos of the things you are buying so you know the quality of the item 

·         descriptions of the items are generally good and describe the faults, if any 

·         choice of payments including secure online methods 

·         can give feedback on the item purchased 

Personally I like Ebay because I can find and buy almost any product I am looking for and purchase top quality items for low prices. Not only that but I can also do it knowing that my card details are safe and by looking at customer reviews and the seller ratings I know I am not being conned.

Some franchises have street branches and online websites. They do this to increase their business’s customer awareness and to increase their profits. However it is not only for the business benefits but also for the customers for example:

·         There is no need to travel anywhere so you will be saving fuel, time and maybe bus fare

·         There are no Queues

·         It is accessible 24/7

·         You can instantly compare items

·         No carrying involved

·         Convenience- delivery (choose a delivery time)

·         Online offers

·         Customer reviews

·         Save favourite items

·         Wide variety of stock