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January 8, 2024
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What difference between E-commerce and traditional commerce?
How Business Happens:
- E-commerce: Buying and selling online without meeting in person.
- Traditional Commerce: In-person transactions where you physically exchange goods or services.
Where They Reach:
- E-commerce: Sells to people worldwide.
- Traditional Commerce: Usually sells to local or nearby customers.
When They're Open:
- E-commerce: Shops are open all the time, 24/7.
- Traditional Commerce: Shops have set hours during the day.
Costs Involved:
- E-commerce: Costs are lower because there's no need for physical stores.
- Traditional Commerce: Costs are higher due to maintaining stores and staff.
Talking to Customers:
- E-commerce: Uses online messages and FAQs to talk to customers.
- Traditional Commerce: Communicates face-to-face for immediate help.
Paying for Stuff:
- E-commerce: Pays online using cards, digital wallets, etc.
- Traditional Commerce: Usually pays with cash or cards at the store.
Getting Stuff You Bought:
- E-commerce: Gets things delivered by shipping services.
- Traditional Commerce: Takes purchased goods home right away.
Trust and Safety:
- E-commerce: Has challenges with online safety and trust for payments and data.
- Traditional Commerce: Builds trust through face-to-face interaction.
Both ways of doing business have their good points and things that can be tricky. Many businesses today use both e-commerce and regular stores to reach more people and suit different customer needs.