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Popular Online Shopping Sites

Online shopping allows consumers to purchase products and services over the internet. Popular online shopping sites include eBay, Amazon, Craigslist, Overstock, and Orbitz. eBay is the world's largest online marketplace that facilitates the sale of goods between individuals. Amazon began as an online bookstore and is now the largest online retailer in America. Craigslist is a classified advertising site that allows users to post items for sale free of charge. Overstock operates as an online outlet for liquidated goods. Orbitz specializes in online travel bookings. These sites allow users to list items for sale, facilitate bidding or direct purchases, and complete secure payment and delivery transactions online.

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199 views

Popular Online Shopping Sites

Online shopping allows consumers to purchase products and services over the internet. Popular online shopping sites include eBay, Amazon, Craigslist, Overstock, and Orbitz. eBay is the world's largest online marketplace that facilitates the sale of goods between individuals. Amazon began as an online bookstore and is now the largest online retailer in America. Craigslist is a classified advertising site that allows users to post items for sale free of charge. Overstock operates as an online outlet for liquidated goods. Orbitz specializes in online travel bookings. These sites allow users to list items for sale, facilitate bidding or direct purchases, and complete secure payment and delivery transactions online.

Uploaded by

Newazznsu11
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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ONLINE SHOPPING

Online shopping is the process to purchase products, goods or


services over the internet. An online shop, e-shop, e – store,
internet shop, web shop or virtual store evokes the physical
analog of buying product or services at a bricks and mortar
retailer or in a shopping mall. Online shopping is a type of
electronic commerce used for business- to- business (B2B)
and business – to – consumer (B2C).

A web store is a website that sells products or services and


typically has a online shopping card associated with it.

Popular Online Shopping Sites


 eBay
 Amazon
 Craigslist
 Overstock
 Orbitz
eBay
eBay is "the world's largest online marketplace - where
practically anyone can sell practically anything at any time.
It's an idea that BusinessWeek once called "nothing less than
a virtual, self-regulating global economy.
 
"With a presence in 39 markets, including the U.S., and
approximately 84 million active users worldwide, eBay has
changed the face of Internet commerce. In 2007, the total
value of sold items on eBay's trading platforms was nearly
$60 billion. This means that eBay users worldwide trade more
than $1,900 worth of goods on the site every second."

Amazon
 Founded in 1994 as an online bookstore, Amazon is
now America's largest online retailer.
 Amazon offers a huge variety of products and allows
individuals and businesses to sell both new and used products
via its site.
 Amazon is a pioneer in social media allowing customers to
rate and write about available products and allowing these
"reviewers" to provide suggestions based on certain likes and
interests.
Craigslist
Not a shopping site, Craigslist is an Internet-based classifieds
site. People can list items for free and the site allows potential
buyers to search classified in their area.
Craigslist maintains privacy between communications by
masking e-mail addresses.
No transactions are made via the website, Craigslist only
facilitates communication between parties.

Overstock
Overstock is one of the web's largest inventory liquidators.
The site offers discounted prices on a wide variety of
liquidated items - it like an Internet-based outlet mall.
Overstock also partners with a number of companies to
provide discounts on non-liquidated items as well.
The site offers a fixed low shipping price on most items
It also branches out into online auctions, auto, and real estate
sales.
Orbitz
Orbitz specializes in online travel. The site allows its
customers to research, plan, and book a wide range of travel
products including flights, hotels, cruises, and vacation
packages.

Web Addresses of the sites


 eBay - www.ebay.com
 Amazon - www.amazon.com
 Craigslist - www.craigslist.org
 Overstock - www.overstock.com
 Orbitz - www.orbitz.com

Other popular online shopping sites:

Wal-Mart - general merchandise


Target - general merchandise
Dell Computers - Dell brand computers and accessories
Best Buy - electronics and computers
JC Penny - general merchandise
New Egg - computer-related merchandise

How the sites works


A seller lists an item on the sites, most anything from antiques
to cars, books to sporting goods. The seller chooses to accept
only bids for the item (an auction-type listing) or to offer the
Buy It Now option, which allows buyers to purchase the item
right away at a fixed price.
 In an online auction, the bidding opens at a price the seller
specifies and remains on the sites for a certain number of
days. Buyers then place bids on the item. When the listing
ends, the buyer with the highest bid wins.
 In a Buy It Now listing, the first buyer willing to pay the
seller's price gets the item.
 Sellers may also include a Best Offer option where a
potential buyer can make an offer to which the seller has 48
hours to respond whether or not they accept the offer.
It charges sellers - not the buyer - a fee for each transaction.

Types of Payment
 Debit card
 Electronic money
 Wire transfer
 Postal Money order
 Gift Cards

ADVANTAGES
 Online store are available for 24 hours a day.
 Searching or browsing online catalog can be faster than
browsing the aisles of a physical store. One can avoid
crowded malls resulting in long lines and no parking.
 Majority of stores have made it easy to find the style one is
looking for, as well as the price range that is acceptable
making the shopping experiences quick and efficient.
 Many store give the customer the delivery company
tracking number for there package when shipped, so they
can check there status online and know exactly when it will
arrive.

Disadvantages
 Fraud and security concerns: Given the lack of ability to
inspect merchandise before purchase, consumer are at
higher risk of fraud on the part of merchant than in a
physical store. Merchants also risk fraudulent purchase
using stolen credit cards .

 Secure sockets layer (SSL) encryption has generally


solved the problem of credit card numbers being
intercepted in transit between the consumer and merchant.
Identity theft is still a concern for consumers when hackers
break in to merchants web page and steal name, address
and credit card numbers.
NORTH SOUTH UNIVERSITY

Course Name: Management Information System


Course Code: MIS 105
Section: 9

Report on-Online Shopping

Submitted by:
Tahminur Rahman (1030731530)
&
Newaz Sharif (1030736530)

Submitted to:
Naim A. Dewan (NAD)

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