...Comparing shopping online with traditional shopping. Shopping has evolved though out the years starting with exchanging goods, then money was introduced and the modern world is now doing it via computers. The concept of online shopping can be extremely appealing but also very disappointing, were as traditional shopping might be somewhat taxing but more satisfactory. Comparing online shopping with traditional shopping can shed some light on the pro and cons of both. Shopping usually involves getting dress, drive to a mall, walk around for hours and getting back home exhausted. Some people love it, and some hate it. On the other hand, with online shopping one can simply sit back and decide on a product or item of interest and ‘click’ order. “If one were to stoop to word play, then ‘Window shopping’ has acquired a new meaning altogether” (Vadlamudi, 2013). Based on a survey done in April 2013 “75% of Consumers Prefer Customized In-Store Experiences Over Online Shopping”. Shopping in a mall can take up to two hours or even longer if coffee stops and lunches are included. Usually when people go to a shop they essentially know what they want to buy or have a good idea what they are looking for. The downside of this is that the store does not always have exactly what they want or the correct size and color is not available. But if that same person were shopping online, they would have a greater variety of stores available, which not necessarily is in the same country as they are...
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...life in some ways. As computers and the internet have became pupular all over the world, amounts of people prefer to do shopping on the internet instead of going to the traditional shops. Online shoppong can be defined into the use of the internet as a shopping. This essay will examine whether online shopping will become popular than traditional shopping in the future. This essay will focus on the convenience, product information and lower costs. To begin with, the first feature is that shopping on the internet offers covenience to shoppers. Compared to shopping in traditional stores, online consumers do not need to shop at physical locations such as stores and shopping center. Shoppers can access to anywhere in the connected internet and decide to buy products anytime. In the case shoppers lack of time, they can also use e-shopping to save their time and choose the goods which they want. Online consumers do not need to consider the weather conditions and just need to stay at home to use their computers. Shoppers always use some websites to order their goods. Ahuja and Roman (2003) state that some trusted websites like eBay, Barnes and Noble or I-tunes can reduce the stress of shopping online and make it easier for people to enjoy online shopping. Even though traditional shopping can help people experience the fun of traditional shopping, shopping online can both relax shoppers bodies and minds. What is more, the second feature is that shoppers can use the internet as a...
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...Compare Shopping Online with Traditional Shopping Is all shopping created equal? Not necessarily. Once upon a time, the only way to shop was to leave your home and visit a store. Today, the internet has revolutionized the way people shop since one can shop worldwide and find the best internet deal. However, shopping preferences and lifestyle will determine whether online or traditional shopping is right for you. Online shopping is available 24/7 so you can shop at midnight while never leaving your home. It doesn’t matter what the weather is like outside. You simply sit down at your computer, browse around the various online stores, and purchase what you need. In traditional shopping, you can only shop during normal business hours. You have to plan the outing and drive to the location of the shopping center. Whether you live in a big city or small community determines how much time you spend traveling. Weather can make travel dangerous especially if it is raining heavily or snowing. With traditional shopping, you often have to wait in long lines and if you have impatient young children this can be very stressful. With online shopping, you have to pay with a debit or credit card. There are only a few online stores that allow you to pay with a PayPal account. Online shopping may be more expensive due to the ever increasing shipping cost. In traditional shopping, you can pay with debit or credit card, cash, and most stores will accept a check for payment. There are...
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...The Benefits of Online Shopping Online shopping is becoming increasingly popular for a variety of reasons. There are certainly outside factors such as increasing gas prices, difficulty getting to traditional stores and the hassles often associated with shopping in malls and other traditional stores may contribute to the increased interest in online shopping. However, there are also many benefits which make online shopping an excellent option for many busy shoppers. Some of these benefits include convenience, comparison shopping capabilities and express shipping options and this article will discuss each of these benefits in further detail. The Convenience of Online Shopping One of the most obvious benefits of online shopping which cannot be overlooked is convenience. One of the most enjoyable conveniences of online shopping which is enjoyed by many is the ability to shop for products or services at a time which is convenient for the consumer. Online retailers accept orders twenty four hours a day while consumers who wish to shop at traditional stores have to be available to visit the store during normal business hours. This can be a major inconvenience especially for shoppers who work long hours or shoppers who work odd hours. Online shopping eliminates this concern because shoppers can simply access online stores from their computer whenever they have free time available. Another convenience of online shopping is the ability to order products from around the...
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...Online Shopping vs. Traditional Shopping It seems more and more people are shopping solely online, the accessibility and convenience is just too hard to deny. More and more formerly bustling malls are becoming deserted ghost towns. There are advantages and disadvantages to both types of shopping, it really depends on which aspects are more important to you and what works best for your lifestyle. I personally prefer shopping online for its convenience and the wider ability to price compare. There are still many things about traditional shopping that are appealing, however, such as being able to try items of clothing on and to see the item before purchasing. Shopping online can be very convenient, there’s no need to get in your car, drive to a store or the mall, park and walk around looking for what you need. Some people enjoy the act of shopping, and for them it can be more about the social aspect of it than what can be the tedious act of searching for something they need. You are able to do a wider variety of price comparisons by shopping online, with a few clicks of your computer mouse you can not only find what you’re looking for, you can compare prices from hundreds of stores around the globe. In traditional shopping you would have to search different stores to be able to do the price comparing you can do online. One of the downfalls of online shopping is the inability to possess the item or product immediately. If you need something to use or wear within...
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...Shopping is a basic necessity for everyone. People, of all ages, around the world shop for fun and things they need. Nowadays shopping can be done online, by phone, or traditional shopping in a store. In life, we are always looking for ways to save money and make things go by faster. If you compare traditional shopping and online shopping, you could indeed save yourself time and money. There will always be things you will have to drive to the store for but a large amount of things can now be bought online. If you wish to do traditional shopping then you might need to drive five to 15 minutes to the closest store. In more extreme scenarios maybe up to an hour or more. With the high prices of gas and diesel, it can be very expensive to drive to a store every time you need or want to buy something. Being that you need to travel to your shopping destination, you will need to pay for some sort of travel fee. That fee would be for gas or diesel for your or a friend’s automobile, taxi fares, or bus fares. In my personal experience, I had to drive 40 minutes to town for shopping. It was expensive and very inconvenient to drive that far every time we needed or wanted to buy something. If there was an emergency, such a water pipe for the house breaking, then it would be a real problem. Even if a water pipe did break, it would still be faster to drive 40 minutes to the store rather than buy it online. We needed to drive that distance for groceries but items such as shoes and clothes...
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... This is just one example of how online shopping is better than traditional in store shopping. Online shopping offers more convenience, comparability, and cost effectiveness than traditional shopping. Shopping online is more convenient and relaxing than shopping in a store. Because when going to a physical store to go shopping a whole day must be planned out of it. First one must get ready because most people do not like to go out in public looking shabby and un-kept like they just got out of bed. Then one must decide which stores to go to in order to get everything on their shopping list. Next you have to get in the car and drive to the store and spend at least an hour searching for things on the shelves, and in the aisles, standing in line to pay for them, and getting everything out to the car and loaded up. Not to mention all of this must be accomplished with crowds of people and traffic slowing you down. Then it is on to the next place on the list to repeat the cycle over again. If one were shopping online all of his or her shopping could be done before the in-store shopper even gets out of the driveway. Because when shopping online all one needs to do is wake up, and turn on the computer. In doing so a whole world of shopping possibilities are at the shoppers fingertips, there are literally thousands of stores online to choose from. All one has to do is type what they are looking for into an online search engine, or any popular online store. Then when you have found what...
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...Online vs. In Store Clothing Shopping In today’s world, clothing shopping has become a way of life for most people. Searching for clothes has become common every day of the week. People shop on the weekends, at work, and even in the comfort of their own beds. In store and online shopping for clothes may seem similar; however, they have many aspects that differentiate the two. For years, the only way to shop for clothes was physically going to the store and purchasing the item in person. However, in recent years a new kind of shopping has boosted product sales by the billions. The internet provides a twenty-four hour, seven day a week shopping center available to anyone. Online shopping is a fast way to look for a specific item that fits a consumer’s wants or needs. Searching an online store eliminates the hassle of looking through an endless rack of clothes in attempt to find a certain item. The majority of online stores have an abundance of different sizes in clothing while in store they may only have one size that does not suit a person’s needs. Another benefit of online shopping is the pleasure of shopping from your own home and not having to drive to the store. Online shopping can be done anywhere that has an internet connection. This means no more waiting in long checkout lines that are filled with grumpy people or taking multiple circles around the parking lot in attempts to park. If someone is from a small town, they may not have the luxury shopping center that houses...
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...communicate with businesses online and have their queries answered instantly by their staff. Most businesses strive to provide an excellent online service as they are aware of the fact that their clients often share websites and reviews, therefore if the customer has had a negative experience with the business online, they will be inclined to discuss it in a public forum or on social media. Over recent years, various e-Commerce laws and penis regulations have been introduced to protect consumers and penis combined with increased awareness of security issues, such as; identity theft and credit card fraud, consumers today are more educated shopping online than in the past. Businesses place such value e-Commerce, as a lot of focus is placed upon user experience and ease of the use of the website. Many businesses analyse traffic statistics and conduct tests to help improve conversion rates and ultimately profits. Simply by changing colours, moving the location of buttons or personalising the websites for users, these subtle changes can impact on sales and result in a better user experience. * Economic and social impact due to speed of changes E-Commerce websites are always open and are ready for business, can handle large numbers of customers visiting the website at the same time. This is because stock levels, prices and product descriptions can be added, removed and changed instantly and as a result business can rapidly adjust and react. Online boxing sale events can drive...
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...1. Introduction Online shopping is a kind of business where consumers can directly shop over the Internet. It has now evolved to become a valuable part of daily lives. According to the Times Magazine, many people now preferring shopping online has increased year by year (In Shopperscrib 2011). Online shopping has become popular because people have many other things to do in their busy life, and shopping online saves time in numerous ways. Statistics produced by Forrester Research Inc. (n.d.) suggest that 60% of consumers shop online at least quarterly. EBay and Amazon are the two most popular and trusted websites for shopping online. Online shopping brings benefits to consumers so it really is a good way to shop. 2. Lower Prices Research by the firm Synovate(n.d.) found that 67% of consumers feel lower prices as the main motivator for them to shop online, with the availability of free shipping the second most important factor. In most cases, when consumers buy from traditional stores, they have to accept the price that the vendor is charging them. This is not the case when it comes to online shopping. With online purchasing, consumers can find radically lower prices and cheapest deals. For example, a DVD player may cost $20 less than the usual retail price at certain online stores. This is because online stores have fewer operating and overhead costs such as no need pay rental costs and renovation costs, which leads to creating lower prices for the consumer. Consumers...
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...1. Introduction Online shopping is a kind of business where consumers can directly shop over the Internet. It has now evolved to become a valuable part of daily lives. According to the Times Magazine, many people now preferring shopping online has increased year by year (In Shopperscrib 2011). Online shopping has become popular because people have many other things to do in their busy life, and shopping online saves time in numerous ways. Statistics produced by Forrester Research Inc. (n.d.) suggest that 60% of consumers shop online at least quarterly. EBay and Amazon are the two most popular and trusted websites for shopping online. Online shopping brings benefits to consumers so it really is a good way to shop. 2. Lower Prices Research by the firm Synovate(n.d.) found that 67% of consumers feel lower prices as the main motivator for them to shop online, with the availability of free shipping the second most important factor. In most cases, when consumers buy from traditional stores, they have to accept the price that the vendor is charging them. This is not the case when it comes to online shopping. With online purchasing, consumers can find radically lower prices and cheapest deals. For example, a DVD player may cost $20 less than the usual retail price at certain online stores. This is because online stores have fewer operating and overhead costs such as no need pay rental costs and renovation costs, which leads to creating lower prices for the consumer. Consumers also...
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...Retailing – a Walmart Case Study Traditional high street retailers are suffering from the continuing decline of sales share to online retailers. Last year in UK, the amount spent by average users shopping online outpaced the amount spent in high street stores for the first time. According to the prediction from the UK retailing report, high street sales share in UK will decline to 33% whereas online sales share will pick up the momentum to hit 21.5% by 2018 or at the end of the decade. This has forced the traditional high street retail giant Walmart to reconsider the long-term strategy of retailing in the future. One of the strongest advantages of Walmart is its prevalence of brick-and-mortar stores across the globe. The huge number of stores means Walmart can provide instant products access and same day delivery to a far bigger portion of the population. Customers can also have first hand experience before they buy the products. However, the situation of the dooming in-store retail sales share inevitably prompts Walmart to ask the critical question: What critical experience does online retailing provide that in-store retailing lacks? By understanding the shopping behaviors of normal consumers and comparing it to the experience that online retailing provides, the high stake decision makers should have a throughout understanding on the criteria leading to the success of online retailing. More importantly, the secret recipe of online retailing could provide actionable...
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...the advantages and disadvantages of shopping online from the consumers’ perpectives” Report from: Ta Duc Tam Report to: Stella Kalfa 9 June, 2014 INTRODUCTION * Brief of the study For several centuries ago, traditional shopping which means that consumers go directly to the shop, then choose and buy goods, at last come back home with them is a dominant method in trade industry. Nowadays, the development of e-commerce is pushing the popularity of online shopping. Only by connecting your computer or smart phone with the internet, opening the website and searching for goods, you can easily get whatever you need. This new method is known as the new fashion of shopping. Currently, in China, about one of four consumers is online shopper; while, this number in Europe and Korea is two of three. ( Jia-xin, et al. , 2010). It is obvious that the trend of shopping through the internet is growing more and more quickly. * Research question The existing argument on whether shopping online is better than traditional shopping or not. Thus, my study will focus on answering the research question which is “ What is the advantages and disadvantages of shopping online from the consumers’ perpectives”. * Reseach objectives The overall purpose of the research is to analyze what is the differences between traditional shopping and shopping online. Moreover, the research also evaluates the advantages and disadvantages of shopping online, thus consumers can decide which method...
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... We acknowledged that there are some apparent spillover effects for both traditional store and online store. For online store, which is a new business model for Crisp Markets, Crisp Markets needs to consider some aspects like WACC, payment terms & security issue, delivery and customer satisfaction. From the perspective of finance, at first, we calculate the net income and cash flow of the following six years. Then, we find out it is not appropriate for Crisp Markets to use the recommended 4% discount rate. WACC should be used as discount rate. The calculated WACC is 11.9%, which is the required return rate. After that, by using the net income we calculated beforehand and with the required return rate of 11.9%, we got both NPVs of online and traditional grocery store are positive, $3,768,359 for traditional store and $4,020,441 for online store. Meanwhile, the IRRs of traditional store and online store are 55% and 47% accordingly. The NPV of online store is approximately 6.7% higher than that of traditional store. For reason that NPV rule is the most important criteria, we recommend Crisp Markets setting up online grocery store. 1. Pro Forma Income Statement * The relevant cash flows associated with setting up traditional grocery store are: up-front renovation costs, sales, salaries, other operating expenses, rent, depreciation and taxes. Pro Forma Income Statement of Traditional Grocery Store * Sales are estimated to be $5,750,000 at the first year...
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...2 4.1 Advantages of purchasing online 2 4. 2 The characteristics of online shoppers 3 4. 3 Factors of affecting online shopping 3 5. Methodology 5 5.1 Research design 5 5.2 Data sources defined 6 5.3 Data collection methods 7 5.4 Data analysis 7 6. A statement of possible outcomes 8 7. Ethical consideration 8 8. Risk assessment and risk management 9 9. Resource management 9 References 11 1. Project title An investigation into factors of affecting online shopping within China on college students 2. Research Context With the proliferation of using internet，the way of living and working has increasingly changed, such an environment enables people to gain information such as pictures, videos, news and knowledge as well as purchase goods through internet. So, The proportion of E-shopping has been consistently growing. Internet World States (2010) reports that China is the world’s largest Internet market. According to “China Internet network information center” (CNNIC) reported that in 2009 the number of Chinese online shoppers is108 million with 45.9% annual growth rate. At present the rate of online shopping has reached to 28.1% from 22.1% at the end of 2007. However, which group of people are the main customers to shop online and what factors drive these people to purchase on the internet? A survey did by Iresearch ( Iresearch is a company that focuses on internet media, e-commerce, online games and other new economic fields...
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