Online Retailing

By Karan Kamboj

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

Payment

Credit

Credit EMI

Net Banking

Debit

Cash on delivery

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

Popular online shopping sites

Flipcart

Myntra

Snapdeal

Jabong

Fashionara

Amazone

Ebay

Yebhi

Motivators for online shopping

Faster Delivery Cash-on-Delivery/ Try &

Purchase

Deals & Discounts

Access to branded products

Return back policy

Thank You