Consumer benefits from e commerce

Buying goods and services online saves time, offers greater selection, allows for independent research and often saves the consumer money. A full 50 percent of adult Americans have broadband Internet access at home [source: This type of always-on, high-speed connection makes it simple to research and quickly buy goods and services.

Consumer benefits from e commerce

Introduction Consumer-to-consumer electronic commerce is a growing area of e-commerce. However, according to Meta analysis of critical themes of e-commerce, C2C e-commerce was only represented in the area of online auctions [7]. C2C transactions generally involve products sold through a classified or auction system.

Products sold are often used or second hand. C2C is projected to grow in the future because of its cost effective; this means it minimizes the cost of using third parties.

Retailers see it as very important, given the growing use of social media channels by consumers to share their option about specific stock, which often drives increased traffic to stores [5]. C2C is the oldest form of e-commerce we know, used well before internet appeared, although they can and are supported by large websites nowadays.

They are a way of helping people to deal directly with each other or to buy more conveniently from companies.

The goal of C2C is to enable buyers and sellers to find each other easily. They benefit in two crucial commerce areas. Firstly, they benefit from competition for product and second they can easily find products that are otherwise difficult to locate [9]. C2C e-commerce differs from a business-to-business model or business-to-consumer model because consumers interact directly with each other.

However, a business does operate the online platform on which C2C transaction takes place. Buyer can shop for free, but sellers sometimes have to pay a fee to list their products.

Consumers often play an active role in monitoring e-commerce sites for scam and other inappropriate content [12]. In most cases, C2C e-commerce is helped along by a third party who officiate the transaction to make sure goods are received and payments are made.

This offers some protection for consumers taking part in C2C e-commerce, allowing the chance to take advantage of the prices offered by motivated seller.

The purpose of this paper is to discuss the origin, definition, business model, statistics, advantages and disadvantages of C2C e-commerce.

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The paper will further look at some features of C2C e-commerce website. Origin There are two implementation of C2C e-commerce that is credited with its origin.

These are classified and auction [11]. The oldest auction house is Stockholm Auction House which was established in Sweden in Auction however, has been recorded as far back as B.

Consumer benefits from e commerce

Auction have since been widely used method of liquidating assets, and has evolved into many different variations. The most successful current form of auction is based on the internet with systems such as eBay [8]. C2C e-commerce has become more famous recently with the advent of the internet.

Companies such as Craigslist, eBay, and other classified and auction based sites have allowed for greater interaction between consumers, facilitating the customer to customer model [10]. Newspapers and other similar publications were frequent Circulation and therefore were able to be used to facilitate a common need.

Some people wanted things; others had things and wanted to sell them. This was the birth of classifieds [13]. C2C has come a long way and will still enjoy the current changes in technologies as they appear.Mar 02,  · Over the past 15 years, I have been creating brands and launching e-commerce stores for myself and a handful of clients.

As an entrepreneur, I . consumer benefits from e-commerce This paper aims to discuss the positive impacts that E-commerce has on consumers and how it has made their lives easier.

E-commerce is the process of buying and selling products and services using the Internet. E-commerce is the activity of buying or selling of products on online services or over the nationwidesecretarial.comonic commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems.

Distinguishing Features of E-Commerce E-commerce offers customers the chance to eliminate many stages in the sales/distribution chain. The mark-ups that occur between manufacturers, wholesalers, distributors, retailers and consumers can add the cost of goods purchased by consumers.

E-commerce: consumer trust benefits brands. As they move into new distribution channels, such as e-commerce, the brands leverage their global reputation and .

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