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Definition
Online shopping is the process wherebyconsumers directly buy goods or servicesfrom a seller in real-time, without anintermediary service, over the Internet
How did Online Shopping come about?
Online shopping emerged with the development of the internet.
Entrepreneurs saw the potential in online shopping and sprung at the chance to make virtual storefronts, so that consumers could shop without leaving their homes.
Pros
Shop 24/7
Comfort of own home
Comparison Shopping
easier
Discount coupons
available online
Privacy
Don’t have to drag kids
out.
Save Time
Price Comparison
Using price comparison sites can help you find
good deals and get your item at the lowest
price possible without having to go from store
to store to find out
The Top Price comparison sites are:
Yahoo Shopping
Pricegrabber.com
Shopping.com
Junglee.com
Cons
Takes forever if you have a slow connection
Errors in Billing
Returns more difficult
Shipping and Handling Cost
Insecurity
Difficult to Examine the quality of Product
Barriers for online shopping
Inability to touch and try Card Details
Return of faulty goods
No Bargains
Tips for protecting your self
Shop from a secure pc
Shop smart using only sites you know and trust
Shop with your credit card
Consider alternative payment methods
Keep passwords private
Never give out Social Security Number
Read privacy and security policy
Motivators for online shopping
Faster Delivery Cash-on-Delivery/ Try &
Purchase
Deals & Discounts
Access to branded products
Return back policy