The Online Virtual Shopping Marketing Essay

The Online Virtual Shopping Marketing EssaySince the growing of the Internet, especially in recent times, virtually of our daily activities be conducted all over the internet and goods and services ar bought at the click of a mo riding habit. Increasingly, consumers be choosing to project purchases using the Internet and skipping the trip to the store. A modern consumer whitethorn purchase a CD period of player, a couch, groceries, e-books, movies, tickets, softw ar or blush a new car at 4.00am without having to leave his or her house, plow with traffic and gross salespeople, or even change out of her pajamas. Furthermore, a consumer is no longer restricted to products available in star store, whizz t sustain, or even one country because the Internet transcends boundaries and is literally accessible from anyplace in the world.The Internet essentially is a global network of connections and has convey the worlds fastest growing commercial market place. It has developed in to a remarkable and accepted business standard through which consumers and businesses pursue together in the buying and selling process. Most firms and businesses today surrender incorporated the apprehension of e-commerce at some aim of their operations and this includes some traditional companies who micturate now integrated the internet into their businesses. As such, many physical sell stores have expanded their market through the Internet, by having both a virtual store and a physical store, guaranteeing them the best of both worlds. High-volume websites, such as Yahoo, Amazon.com and eBay, also offer hosting services for online stores, to all retailers for their products and services. These stores be presented as part of an integrated navigation framework. These collections of online stores are sometimes know as virtual shop malls or online marketplaces. These online marketplaces fork up a one stop shop for consumers to shop at their convenience for all the goods tha t they need. match to a Forrester Research, Understanding Online Shopper Behaviors, US 2011, May 17, 2011, E-commerce Business to Consumer (B2C) product sales totaled $142.5 billion, representing about 8% of retail product sales in the United States. The $26 billion worth of clothes sold online delineated about 13% of the domestic market, and with 72% of women looking online for clothing, it has become one of the most popular cross-shopping categories. Forrester Research estimates that the United States online retail industry go away be worth $279 billion in 2015. see Forrester Online Retail persistence In The US Will Be Worth $279 Billion In 2015, TechCrunch. February 28, 2011.Online shopping has become a very popular way of purchasing goods for consumers. All that is required for the consumer is a computer, internet access and a system of payment. The main attractions in shopping for goods on the internet include the hazard to search for various goods and services, compare t he prices offered by various shops, read reviews make by customers who have purchased the same goods or service, order and pay for them and have them delivered, all from the comfort of ones home. Other attractions include the cooling-off period which applies to most online purchases, discounts, promotions and independence from being pressurised by a salesperson into buying expensive (sometimes unwanted) all-inclusive warranties. In other rallying crys, customers are attracted to online shopping not only because of the mettlesome level of convenience, but also because of the broader selection, competitive pricing, and greater access to randomness. In comparison with conventional retail shopping, the discipline environment of virtual/online shopping is improved by providing additional product instruction such as relative products and services, a choice of alternatives and attributes of each alternative, as well as the reviews and comments by those who have bought or used those goods. This equips the buyer with more information to make a more informed decision.The Nielsen Company conducted a survey, in March 2010 which polled more than 27,000 Internet users in 55 markets from the Asia-Pacific, Europe, Middle East, trades union America and South America to look at questions such as How do consumers shop online?, What do they intend to buy?, How do they use various online shopping web pages?, and the impact of social media and other factors that come into play when consumers are trying to decide how to spend their money on which product or service. According to that research, reviews on electronics (57%) such as videodisk players, cell phones or PlayStations and so on, reviews on cars (45%), and reviews on software (37%) play an important role and have influence on consumers who tend to make purchases and buy these goods online.In addition to online reviews, peer recommendations on the online shopping pages or social networks play a key role for online sho ppers while researching prox purchases of electronics, cars and travel or concert bookings. See Bonsoni.com on July 10, 2011 (2011-07-10). Research shows word of mouth drives online sales. Bonsoni.com. On the other hand, according to Nielsen Global Online Shopping Report. Blog.nielsen.com. 2010-06-29, 40% of online shoppers indicate that they would not even buy electronics without consulting online reviews first.However, despite the convenience and silence offered by online shopping, at that place is always the potential for abuse. Arguably the anonymity afforded by the internet has done much to damage the level of trust consumers are willing to place in it, g iven that the internet has no boundaries, and a consumer can access goods and services from any part of the world. According to Proffessor Ian Lloyd in Lloyd I.J. Information Technology law (2008) fifith edition Oxford, pg 483, The Global Top level Domain name .com gives no indication where a business is find and even wher e the name uses a country code such as .de or .uk, there is no guarantee that the undertaking is established in that country. It is relatively common practice, based in part upon auspices concerns to declare web servers geographically separate from the physical undertaking. Therefore a website may, for case have an address in German (.de) (or in Hong Kong (.hk), but its owner however might be a United Kingdom-registered company.Furthermore, one of the differences amongst distance buying and the traditional forms of buying is that there are no face to face interactions between the contracting parties and the goods are not inspected physically by the consumer. Consequently, consumers may find that the goods are faulty on delivery, a wrong order or that the goods are not the turn specifications. Consumers are therefore concerned with the ease with which they can return an item for the correct one or for a refund.To improve office, business often feat to adopt online shopping te chniques which are user-centred. They describe goods with photos, texts and multimedia files, provide background signal information, advice, or how-to guides designed to help consumers decide which product to buy and provide link to supplemental product information, such as instructions, safety procedures, demonstrations, or manufacturer specifications. Also they provide for ease of return and refunds by providing information to customers on how to return goods for refund or exchange. Some customers on their own part now refer to show rooming before purchasing online. By this, customers first inspect the goods in the shops before purchasing them online. Furthermore, most laws on E-commerce make provision for the protection of the consumer in online contracts.Other problems that undermine consumers confidence in online shopping includes Fraud and security concerns. These include identity theft, phishing, defensive measure of Service attacks etc. The perpetrators get hold of consume rs credit card information and use it to commit postiche. To combat this, most online businesses adopt encryption on their websites as well as other security measures to prevent fraudsters from getting hold of customers information. The use of Paypal accounts are also useful in securing against fraud on the Internet. Other disadvantages of online shopping include lack of full exist disclosure and Data protection.In conclusion, the trend of shopping online has come to stay. Online shops are open 24 hours of the day and can be accessed from anywhere where there is an internet connection. The ease and convenience of shopping online will always lure more consumers to it. However, consumers must be alert and aware of the risks involved and lead extra care when shopping online. Due to the openness and competitiveness of the online market, most business will always strive to maintain the highest standard of security as well as a user centred website to boost their business.