This week I learnt about e-commerce and the wonders it can achieve in helping your business take off, reaping sky-high profits and gaining a network that reaches far and wide.
According to9 the iSoS.com, a website
Through research, one advantage I learnt that e-commerce can bring is the breakdown of geographical barriers when it comes to gaining a pool of clients hailing from a myriad of cultures and possessing various interests. Since e-commerce involves deals done on the internet which has a ready-made pool of existing clients from every nook and cranny of the world, geographical hindrances or narrow markets which are hard to reach would be made much easier hurdles to conquer. Once a netizen posts an advertisement or attempts to reach out to narrow markets traditional markets have difficulty accessing, he would have no problem connecting to potential customers of different cultures because as long as one has a computer and an internet connection, one would be able to access his advertising.
A disadvantage of e-commerce includes the lack of accessibility to Internet, which came to be known as the Digital Divide. Internet connection can be unstable, expensive and insufficient in particular areas such as third world nations who have more pressing problems of hunger and poverty than to worry about getting computer access. This will generate limitations for business in accessing wider markets.
Despite its setbacks, I feel that e-commerce still has very much to offer. Its potential to increase one's business ventures overrides its weaknesses.
E-commerce lives!
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