Title: Online shopping vs Traditional Shopping
1 Online Shopping
2Statement of the Problem
- With a lot of people shifting their attention
towards online shopping rather than choosing the
traditional form of shopping, which of the
following is better with respect to saving time,
products availability and price ?
3A Brief concept of both types of Shopping
- Online shopping or online retailing is a from of
electronic commerce where by consumers directly
buy goods or services from a seller over the
Internet without an intermediary service. - Traditional shopping is the way of buying goods
from a store which has physical existence.
4advantages of online shopping over traditional
shopping
- Comparison of price of same product produced my
different companies - Better discount offers
- Maintains relationship with customer by sending
mails containing recent offers. - Easy refund
- Can be done anywhere with mobile , laptop etc.
5Advantages of Traditional shopping over online
shopping
- Consumer can test the product before use.
- The owner cannot lose money since there are no
hackers and scammers in the real world. - People without internet can visit stores for
items. - Easier to catch fraud merchants than scammers.
6competition
- Anyone who wants to open a business should
examine the competition before jumping into the
process. With an online business, the amount of
instant competition is much greater than with a
retail storefront. - When you want to open a retail storefront, you
can easily survey an area and determine what
other stores are selling the products you want to
offer or choose to open in a location where those
stores do no exist. - Online, there are usually multiple businesses
selling the product you offer and many of them
are already established, making it difficult for
a new start-up to break in and find success. - If what you are offering is not unique, then a
retail storefront will be more successful at
trying to earn new customers than trying to break
into an already saturated online market.
7REsult
- As a result of comparison and analysis it is
completely evident that online shopping is a
better way to shop goods rather than choosing
traditional form of shopping. Some online stores
which are very effective these days are
Flipkart,Myntar,ShopClues etc. Also there are
traditional stores which are into the same
business like BigBazaar, Relaince etc.
8Thank you