The rapid development of internet and more convenient online tools has resulted a new business field—Ecommerce. Ecommerce contributed a lot of advantages to companies and customers, but it also brought many problems.
As it is an advantageous way of business, customers can find what they exactly need easily. At the same time, it provides with faster buying and selling procedures. Through my analysis, it highly increases the market demands according to the ratio of buying and selling, which is 24:7(data provided by eSalesTrack). In theory, we all know that online services have no geographic limitations, so it has more available channels that the products can reach to the customers, as well as customers can easily choose the products they wanted from distinct suppliers without walking around the shops one after another.
However, we must understand that anyone who is moral or not can start the ecommerce. If you encounter a bad site or an unhonest business, your money may be “eaten up”. On the contrary, because of no real interaction and contract between the customers and the companies, there can be doubts on the consumers’ loyalties. For the companies themselves, their owners can take a great risk of bankrupt because mechanical failure may result in unpredictable impacts on the entire process, and the companies may suffer from a huge loss.
(Source provided by
http://www.esalestrack.com/blog/2008/09/advantages-and-disadvantages-of.html )