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Benefits of E-Commerce to Society Video Lecture | E-Commerce - B Com
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FAQs on Benefits of E-Commerce to Society Video Lecture - E-Commerce - B Com
| 1. What are the benefits of e-commerce to society? |  |
Ans. E-commerce offers several benefits to society, including:
- Increased convenience: E-commerce allows people to shop for goods and services from the comfort of their homes or anywhere with an internet connection. This saves time and effort compared to traditional brick-and-mortar stores.
- Global accessibility: E-commerce eliminates geographical barriers, enabling people from different parts of the world to access products and services from anywhere. This expands the market reach for businesses and provides consumers with a broader range of choices.
- Job creation: E-commerce has led to the creation of new job opportunities such as website development, digital marketing, logistics, and customer support. This contributes to employment growth and economic development.
- Cost savings: Online shopping often offers lower prices due to reduced overhead costs for e-commerce businesses. Consumers can compare prices easily and take advantage of discounts and promotions, helping them save money.
- Environmental impact: E-commerce reduces the need for physical stores, resulting in lower energy consumption and carbon emissions. Additionally, online transactions and digital documents reduce paper waste.
| 2. How does e-commerce increase convenience for consumers? | |
Ans. E-commerce enhances convenience for consumers in various ways:
- 24/7 availability: Online stores are open 24 hours a day, allowing consumers to shop at any time that suits them. This eliminates the need to adhere to store operating hours.
- Wide product selection: E-commerce platforms offer a vast range of products and services, often more than what can be found in physical stores. Consumers can easily search, compare, and choose from a variety of options.
- Easy price comparison: Online shopping enables consumers to quickly compare prices across different websites. This helps them find the best deals and save money.
- Home delivery: E-commerce offers doorstep delivery, eliminating the need for consumers to travel to physical stores. This is particularly beneficial for individuals with limited mobility or those living in remote areas.
- Simplified returns and exchanges: Many e-commerce platforms have hassle-free return and exchange policies, making it convenient for consumers to return or exchange products if they are not satisfied.
| 3. How does e-commerce contribute to job creation? | |
Ans. E-commerce contributes to job creation in several ways:
- Website development and maintenance: E-commerce businesses require skilled professionals to develop and maintain their websites, ensuring smooth online operations.
- Digital marketing: E-commerce relies heavily on digital marketing strategies to attract and retain customers. This creates job opportunities in areas such as search engine optimization (SEO), social media marketing, and content creation.
- Logistics and delivery: The growth of e-commerce has led to increased demand for logistics and delivery services. This includes warehouse management, packaging, shipping, and last-mile delivery, creating job opportunities in these fields.
- Customer support: E-commerce businesses need customer support teams to handle inquiries, resolve issues, and provide assistance to online shoppers.
- Online payment systems: E-commerce relies on secure online payment systems, which require professionals to develop and maintain them, ensuring the security of financial transactions.
| 4. How does e-commerce benefit the environment? | |
Ans. E-commerce offers several environmental benefits, including:
- Reduced energy consumption: E-commerce eliminates the need for physical stores, which consume energy for lighting, heating, and cooling. Online shopping requires less energy since consumers can shop from home, reducing overall energy consumption.
- Lower carbon emissions: Traditional retail involves transportation of goods from manufacturers to physical stores, resulting in carbon emissions from vehicles. E-commerce often adopts more efficient delivery methods, such as consolidated shipments and optimized routes, reducing carbon emissions.
- Paper waste reduction: E-commerce transactions are conducted digitally, reducing the need for paper-based invoices, receipts, and documents. This helps conserve natural resources and reduces paper waste.
- Sustainable packaging: E-commerce businesses have the opportunity to prioritize sustainable packaging materials and practices. This includes using recyclable materials, minimizing packaging size, and adopting eco-friendly packaging solutions.
- Reduced traffic congestion: Online shopping reduces the need for consumers to travel to physical stores, leading to decreased traffic congestion and associated environmental impacts, such as air pollution.
| 5. How does e-commerce overcome geographical barriers? | |
Ans. E-commerce overcomes geographical barriers through the following means:
- Global reach: E-commerce platforms have a global presence, allowing businesses to reach customers from different parts of the world. This expands market opportunities beyond local boundaries.
- International shipping: With e-commerce, businesses can ship products internationally, overcoming geographical distance. This enables consumers to access products that may not be available locally.
- Virtual storefronts: E-commerce eliminates the need for physical stores, making it possible for businesses to operate solely online. This reduces the limitations imposed by geographical location and allows businesses to cater to customers from anywhere.
- Multilingual interfaces: E-commerce platforms often provide multilingual interfaces, allowing consumers to navigate and make purchases in their preferred language. This facilitates cross-border transactions and enhances accessibility for customers from different regions.
- Digital marketing: E-commerce businesses can leverage digital marketing strategies to target specific geographical regions and reach potential customers. This helps overcome language and cultural barriers, making products and services accessible to a wider audience.
Text Transcript from Video
you're uvp your businesses unique value
proposition is the basis for every
message you're sending out if you own
the only shoe repair service in town
your gigantic unique value proposition
may be that you're the only shoe
repairer in town it's enough to hang up
a shoe and have somebody come to you if
there are 15 shoe repair shops however
you need to be the one that stands out
in the crowd somehow identifying your
unique value proposition there's no easy
task because it's not just about being
valuable
it's about being unique what do you
bring to the table that others do not or
cannot or not willing to how does
someone know that you're good at what
you do
contrary to popular belief it's not
about the herbs better faster cheaper
it's about the pests those are your the
best you are the fastest you are the
cheapest if you just tell me that you're
cheaper are you Walmart because they're
the cheapest and if you tell me about
how you make people happier
are you Disneyland because that's the
happiest place on earth and Zappos the
best online service and the wine bar
downtown the largest selection of wines
by the glass that's something I'll tell
my friends about my dentist he's the
friendliest and that's why I go there
and that's his unique value proposition
think about what is it that you bring to
the table and sometimes that's hard to
do when it's you how about you ask some
of your best clients people that view
you from the outside and say why did you
choose me over someone else
unfortunately there will always be a
portion of the population that ignores
you it doesn't matter how good your
unique value proposition is in those
cases those consumers just don't need
what your company has to offer right now
and that's okay because if you're
memorable they'll come back to you when
it matters or they might just end up
being
a surprise referral source in the end
proposition is the basis for every
message you're sending out if you own
the only shoe repair service in town
your gigantic unique value proposition
may be that you're the only shoe
repairer in town it's enough to hang up
a shoe and have somebody come to you if
there are 15 shoe repair shops however
you need to be the one that stands out
in the crowd somehow identifying your
unique value proposition there's no easy
task because it's not just about being
valuable
it's about being unique what do you
bring to the table that others do not or
cannot or not willing to how does
someone know that you're good at what
you do
contrary to popular belief it's not
about the herbs better faster cheaper
it's about the pests those are your the
best you are the fastest you are the
cheapest if you just tell me that you're
cheaper are you Walmart because they're
the cheapest and if you tell me about
how you make people happier
are you Disneyland because that's the
happiest place on earth and Zappos the
best online service and the wine bar
downtown the largest selection of wines
by the glass that's something I'll tell
my friends about my dentist he's the
friendliest and that's why I go there
and that's his unique value proposition
think about what is it that you bring to
the table and sometimes that's hard to
do when it's you how about you ask some
of your best clients people that view
you from the outside and say why did you
choose me over someone else
unfortunately there will always be a
portion of the population that ignores
you it doesn't matter how good your
unique value proposition is in those
cases those consumers just don't need
what your company has to offer right now
and that's okay because if you're
memorable they'll come back to you when
it matters or they might just end up
being
a surprise referral source in the end
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About this Video
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Dec 23, 2024 Last updated |
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