what are the advantages and disadvantages of traditional commerce
Answers
Answer:
Traditional selling has been around from a long time and is still being used to buy products although there are advantages and disadvantages to it. Advantages: Consumers can test the product before purchase. The owner cannot lose money since there are no hackers and scammers in the real world
With technological advancements, the shopping trends among the customers have radically transformed over the past few years. Also, the soaring popularity of online shopping has completely integrated into our lives and imagining a day without it seems to be a daunting task. As per Statista, there has been a tremendous rise in the sales of e-commerce websites every year. With a whopping amount of $2.8 billion in the last year, retail e-commerce sales are expected to reach $4.88 billion by 2021.
With a huge impact of digital transformation over the commerce sector, people are more likely to purchase a product online rather than going to a physical store. Want to start your e-commerce business but waiting for the right time? There’s no ideal time to start an online store. Yes, you heard it right! Because it’s the ideation that transforms your business to the next level.
What are the Benefits of E-commerce over Traditional Commerce?
By enabling the customer to make a particular purchase in just a few clicks, an e-commerce website is an effective and affordable option that empowers you to augment your business. Let’s dive deeper into the advantages of using e-commerce websites over traditional commerce.