Retail marketing Essay Example | Topics and Well Written Essays - 2000 words

Retail marketing - establish ExampleAs Hahn puts it, it is the strength of the online shopping business like that of eBay that is inherent by the fact that it is online (Hahn, 2006). hire of the internet allows both the sellers and send forders to participate in online auctions from anywhere in the world. A seller lets say in China potbelly put up a doll in an online auction site that can be bid on by bidders that reside in the United States. In essence due to the absence of territorial barriers made possible through the use of the virtual space, items can be purchased by technically everybody anywhere in the world.Inherent in the worldwide interdependence of buyers and sellers is the relief given to the buyers. The buyer simply sits in front of the computer, logs on to the online shopping site, uses an e-money, then waits for the delivery of the product. in that location is no longer a need for personal visit on stores which could require much driveway especially for busy b uyers. The Internet offers variety that is simply impossible in traditional stores (Postrel, 2004). Definitely, buyers do much than purchase items of their choice because they likewise work or study. More than the comfort offered by online shopping, time is salvage for other purposes. Basically, the cost of participating into internet auctions through various retail agents is zero (Hahn, 2006). Online shopping also allows buyers to customize their products, as well as benefit from cheaper prices. As buyers are purchasing directly from the supplier, it eliminates the need for retailers and distributors who often add to the cost of the product. Postrel (2004) found that prices on the Internet were 6 share to 16 percent lower than prices off-line.Aside from the fact that purchase through online auctions saves time, it also allows the buyer to offer a bid at the time convenient to him since there are time constraints (Miller and Layton, 2000). Bids