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Advantages and Disadvantages of E-Commerce [Ecommerce Notes]

Advantages

Seller prospective Buyer Prospective
Playground in all online users!          Wide choice, as usually your search used to end up Lowers selling cost, as not many taxes involved, apart from basic rules. Information could be searched precisely as per requirement
Market is open 24x7x365!          Market is open 24x7x365!
Without much investment you can sell products across continents          You can buy products across globe
Buyer/seller have same platform           Try your luck in auctions, reverse auctions to save money

Disadvantages

Seller prospective Buyer Prospective
Every year, we hear new technology! Security, biggest threat for transactions
Still many countries have deficient communication infrastructures. In bulk deals / costly goods lack of trust with sellers
Language, big barrier at times Even in digital era, many want to touch/feel before buying
Currency conversions Not enough knowledgably about currency / tax rules
Security issues for online transactions Concerned over warranty, support issues when bought online
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