Can e-commerce replace traditional commerce? This is the billion-dollar question that everybody is asking themselves. Amidst this online craze, many individuals are puzzling over whether the mushrooming and genuinely flourishing e-commerce will eventually replace traditional commerce. Before taking a gander at the prospects of e-commerce clearing out traditional commerce for great, we should take a glance at the notable differences between the two modes of commerce and how they are related.
Differences among e-commerce and traditional commerce
Whereas traditional commerce has all the transactions and exchange of goods and services led physically with both the buyer and seller present, e-commerce includes the purchase of goods and services online without the two parties necessarily meeting physically. The transactions are automated and the goods are not inspected before payment.
Scope of business
Whereas traditional commerce has a limitation regarding the scope of business and the area they can service, e-commerce has no restriction whatsoever and anybody in the world can access the items and services on the condition that the buyer and seller can agree on the shipping logistics.
Payment and delivery of goods
In e-commerce, payments are automated and come in electronic forms while in traditional commerce, the exchange of goods and services is paid for physically either through cash, checks, or even credit cards. The delivery of goods in the former takes some time because the seller has to liaise with shipping companies to facilitate the development of the goods while in traditional commerce, the goods are instantly conveyed and the buyer leaves the store with the goods in hand.
Can e-commerce Replace Traditional Commerce?
In this modern era, individuals can exchange goods and services through the web without necessary meeting. This e-commerce has reformed the way individuals are purchasing and selling online and there is an inclination that it might involve time before it replaces traditional commerce. Virtually all businesses are looking to e-commerce and this may give one the feeling that the old traditional commerce will before long be non-existent. Is this conceivable, however? Can e-commerce exist all alone without the traditional brick and mortar?
E-commerce in more ways than one is subject to traditional commerce and it is virtually outlandish for the online business to flourish if the brick and mortar are dilapidated. Here is a decent way to see it; do individuals quit going to libraries notwithstanding the availability of pdfs and online libraries? Or do individuals quit heading out to watch motion pictures in cinemas just because films are available online on platforms like Netflix? Although e-commerce will decrease the number of physical interactions and the hustle of buyers having to go physically to the shop to purchase whatever they are searching for, it is incomprehensible for e-commerce to replace the brick and mortar. There are a few aspects of business that e-commerce may help clear out eventually yet there are others that will forever remain because of human nature.
There are things that you can’t simply order online without going to the shop and attempting them first before perhaps entrusting your portable app with resulting orders. Take for instance something like another cologne that you want to pursue the first run-through. Although the ads may be appealing, it is inside us humans to always give the cologne a shot first before making an order. This also applies to things like foods, clothing, and similar industries. There is also the aspect of human interaction and the delight of going on a shopping binge. There is a great deal of satisfaction in going to a store or a mall to search for goods and different supplies in the house. It gives us a decent chance to take a break from our daily lives and invest some quality energy with our families while shopping. Whatever amount of you appreciate ordering supplies through a portable ad, the rush won’t ever very beat the sensation of pushing a cart in a store while looking at some other cool stuff in there.
Technology may make our shopping life easier yet this doesn’t mean that it will replace the traditional commerce mode which all humans appear to appreciate anyway monotonous it may look. For the two modes of commerce to succeed, businesses should find some kind of harmony between offering innovative e-commerce solutions and maintaining the traditional brick and mortar model which individuals can relate to.