Week 4 - E-commerce and online shopping...

My dad worked in IBM before so I have heard of the term e-commerce. when i asked him what it was, he told me it was were they do business online. I was 12 at that time. I had no idea what the internet is and how powerful it was going to be. Most of the time i would use the computer to type out my work or play games.

But NOW... e-commerce is well know all around the world. Recently US eCommerce and Online Retail sales projected to reach $204 billion, an increase of 17 percent over 2007. ( "The State of Retailing Online 2008". Forrester Research, Inc.). you can now purchase goods online from anywhere and anytime. B2B or B2C , these are pretty common phenomenon and now has revolutionized the shoppers style of shopping. Here are some of them :



Other than these, we also have the C2C e-commmerce. This is more like consumer to consumer business. shops like Ebay and own mini online shops that sells second hand items.



For me I'm now a frequent online shopper. It ranges from clothes to stickers ( i know XD ) to books and i think it requires a lot of trust because frankly you'll never know if the seller is just someone trying to rip you off. =(

But as long as you have some solid communication and invest money on the delivery, it's a easier way to shop and most of the time things are cheaper online =D