Limited duration. Always on. Inspection by hand. Always possible. Not possible. Scope of operations. Covers a specific geographical area. Covers the world. Business relationship. Always end-to-end. Takes time. Transaction processing. Almost always manual. Automatic or manual.
Attention, Advanced Students : Can you think of any other basis of comparison between E-business vs traditional business? These will leave you with plenty of options. Differences Between Traditional Commerce and E-commerce. Here is a condensed list of a face-off between traditional commerce vs E-commerce. E-commerce is facilitated by technology that is rapidly progressing. It is faceless and efficient. Traditional business involves face-to-face interactions and the exchange of goods or services.
Both disciplines accept payments via cash or other digital means. E-commerce has no boundaries. It is a global phenomenon. For example, if you are searching for a book on Amazon's Indian platform, and you realise that your required book is available only overseas, you have the option to purchase from that specific country.
Unlike E-commerce, traditional commerce has geographic locations. These limitations have enabled the engines of E-commerce to chug far ahead in terms of sales and margins. In E-commerce, advertisements are digital. Surrogate and third-party advertisements are prevalent.
Offline or traditional businesses rely on banners and hoardings, avenues which have been available for centuries. E-commerce can boast one-to-one marketing channels, while traditional commerce only has one-way marketing and information flow.
Delivery times of goods or services are a crucial factor. In E-commerce, delivery can, at times, happen on the same day an order is placed. In conventional commerce, however, delivery times are minimal. E-business offers no personalised experience, as you cannot physically check any goods you are buying.
This experience is available only via traditional business. The chances of 'returns' of goods are higher on E-commerce platforms than in traditional commerce. Overall, subjectivity bridges differences between traditional commerce and E-commerce. E-commerce is the trending form of business being carried nowadays by most of the business traders or sellers for retail and wholesale as well. Traditional commerce is still popular where there is no reachability for the delivery of the goods and services to faraway places from the urban areas.
Also where few people are not in a position to attain the digital gadgets come under uneducated and traditional commerce is a popular form of business in this case. E-commerce has reached most of the target audience now as the digital devices can be available at lowest prices and lot of competitive sellers, this has also become easier and day by day the connectivity to the digital world is also getting increased due to the efforts being done by the e-commerce industry.
Both E-commerce vs Traditional commerce models are still popular based on the availability, requirement, and emergence of the requirement to the customers. This has a been a guide to the top difference between E-commerce vs Traditional commerce. Here we also discuss the E-commerce vs Traditional commerce key differences with infographics, and comparison table.
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