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Ecommerce and Web Malls

Ecommerce has rapidly evolved into one of the fastest-growing business sectors, driven by consumer convenience. With more shoppers avoiding crowded malls and opting for online alternatives, sales soared past $12 billion by 2003. Various types of ecommerce include e-tailing, web malls, and personal selling sites like eBay, each with unique advantages and disadvantages. While ecommerce offers the convenience of shopping from home and a wide array of products, it also poses challenges like shipping delays and concerns over personal information security.

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Ecommerce and Web Malls

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  1. Ecommerce and Web Malls Tony Leech

  2. Ecommerce is one of the fastest growing business ventures available today. • More and more people have stopped visiting malls, because they are crowded, take up a lot of time to get to, and to shop in, and items are sometimes out of stock. • Many consumers are now shopping on the internet. • Sales on the Internet reached more than 12 billion in 2003.

  3. The main types of Ecommerce • E-Tailing • Web Malls • Personal Selling

  4. E-Tailers • Retail stores- Target, Circuit City, Wal-Mart. • Catalogs- LL Bean, Pottery Barn. • Internet Only- Amazon.COM, CDnow. • Restaurants- Portillos, Lou Malnati’s. • Anyone can start their own E-Business • Business.Com helps you set it up.

  5. Advantages of E-Tailers • You can shop from home. • No driving around looking for a particular store. • No waiting in long lines. • Wide variety of merchandise available at the click of a button. • Searching for products is much easier. • Its easy to use, and doesn’t take a lot of time.

  6. Disadvantages of E-Tailers • Not receiving your item in a timely matter. • Item gets damaged during shipping. • Clothes or shoes purchased may not be right size. • If item needs to be returned, the consumer is out for the shipping costs. • Many consumers are wary of putting there personal information, such as credit card numbers out on the internet.

  7. Web Malls • A host site that acts like an actual mall. • Consumer is able to search by product category, and available links are posted. • WebSquare.Com contains many different product categories, with links to sites by corporations such as Best Buy, Amazon, and Toys “R” Us. • These sites work as a link to other E-Tailing sites, and get paid for advertising.

  8. Advantages/Disadvantages of Web Malls • All the products you may need are located in one place. • They offer discounts on certain products. • The site only contains links to larger corporations, so if you are looking for an abstract item, you will not find it.

  9. Personal Selling Sites • EBay and classifieds are the most popular. • These sites have exploded in popularity, with many new versions now available. • These sites offer just about any kind of product that you may need. • Items such as autos, antique records, baseball cards, rugs, and many other abstract things can be found.

  10. EBay Sellers • Buying and selling on EBay has become such a phenomenon that over 400,000 people are making a living selling merchandise on EBay. • Its relatively inexpensive to sell your items, so anyone can do it. • Even well established businesses are selling their new, and old merchandise.

  11. Weird EBay Sales • The Internet- asking price 1 million. • UFO detector- $135 • The meaning of life- $3.26 • Russian Test Space Shuttle- $25,000 • Vampire Killing Kit- $4,500 • Real Shrunken Head- $25 • Ghost in a Jar- No actual sale • Serial Killers Fingernails- $9.99

  12. Advantages of Personal Selling Sites • Consumers can find anything they are looking for. • Items are auctioned so there is usually no set price, making it possible to get items cheaper than retail price. • Entrepreneurs are making a living selling merchandise, so it helps stimulate the economy.

  13. Disadvantages to Personal Selling Sites. • Dishonest sellers/False advertising. • Shipping problems. • Fraudulence is usually not reported.

  14. Summary • Ecommerce is something that is continuing to grow more an more. • As more companies are going online, it adds a lot of convenience to the consumer who is now able to find whatever they want easily, and swiftly.

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