The New Trend that is Online Shopping

Online shopping is now a trend, especially on the modern working environment, but it does not forbid shoppers from visiting their favorite stores and hangout spots.

Online shopping offers an alternative for traditional shopping wherein potential buyers personally visit malls and shops to check the products that they would like to buy.

Online shopping helps consumers avoid the disadvantages of lining on long queues especially during the holiday season and reduces the toll traditional shopping does to our body after we shop for hours and hours.

Online shopping is a form of electronic transaction wherein a customer has to access the worldwide web or the internet to purchase products and services from the merchants over the digital domain.

An online shop works like an average mall store. The process of buying and selling products involves a potential buyer visiting a physical shop or in this cases the website of a retailer. The customer then picks a particular product of his liking or need and puts it on a “virtual cart”. This virtual cart also enables the customer to shop for multiple items.

The checkout process depends on the online shop. Most online shops collect payment information through credit cards and bank deposits. Online shops are also the most flexible buying platform as most online sites are starting to adapt money transfer through international wires. More online shops encourage their customers to sign up for a permanent online and a dedicated mailing account for future transactions.

Online shopping is great as it provides good user experience, huge variety of goods, unlike the limited range of products on physical stores. Moreover, it saves time. This is good for the people having no time to shop for themselves.

Comparing products can also be done faster through internet unlike the old days when people came into stores with little or no knowledge and relied mostly on the salesperson’s advice on what to purchase.

Personal research has been employed by today’s shoppers to get the maximum value out of every centavo they spend and to feel secure about the online transactions they’re making.

Amazingly, in the Asia-Pacific region alone, an average of 30 percent increase per year on its revenue has been recorded for the past two years making e-commerce a multi-billion dollar industry, earning $430 billion dollars in 2013 alone.

(See also: Top 10 E-Commerce Websites in the Philippines)

Also, based on statistics, the Asia-pacific market has topped the United States revenue by $69 billion on that same year.

Surely, online shopping has come a long way since its inception in 1979 by an entrepreneur named Micheal Aldrich.