Online trade is becoming increasingly popular in Bangladesh, thanks to technological advancements and the emergence of world-class internet connectivity. The ability to conduct business without having to meet face to face has also contributed to the sector’s increase in popularity. Although a significant number of transactions occur over the internet on a daily basis, the level of safety offered remains questionable.
What is online shopping?
Online shopping, a form of electronic commerce, allows consumers to purchase goods or services directly from a vendor via the Internet. To find the desired product, consumers can visit the seller’s website, such as Banglashoppers, directly or use shopping search engine to search for the same product among alternative vendors. The search engine displays the product’s price and availability at different online stores. Today, customers can use a variety of devices to shop online including smartphones, desktop computers, laptops, and tablets.
Why consumers like to shop online
Consumers like to shop online for a number of reasons. Listed below are a few good reasons to shop online.
Convenience: Online shopping in Bangladesh is not limited by the constraints of time or location. It allows consumers to shop for wherever, whenever. With no waiting lines, no crowds and the ability to shop within minutes, even those with the busiest of schedules can find the time to shop online for any desired products, from foodstuffs to fashion accessories.
More competitive prices: The elimination of middlemen, the availability of comparisons and more competition for customers have forced vendors to offer more competitive prices. In fact, many online outlets such as makeup shop and hair care shops offer rebates and discount coupons as incentives.
Variety: Online stores offer a wider variety of products that brick and mortar stores, without limitations on which vendor to buy from. Additionally, online shopping in Bangladesh has made it possible for consumers to access the latest international trends at the touch of a button. Banglashoppers, for instance, offers access to an unimaginable selection of skincare and makeup products.
Fewer expenses: Apart from reducing the likelihood of impulse buying and the need to eat out while shopping, e-commerce allows consumers to shop from around the world without having to spend time and money on travel.
Discretion: With the advent of all-in-one online health & beauty shops, grooming shops, bath & body shops and perfume shops such as banglashoppers, discreet purchases are now possible. Consumers no longer have to worry about the embarrassment associated with such purchases.
E-Commerce In Bangladesh
There are many reasons to be optimistic about the future of e-commerce in Bangladesh. While it might entail many problematic areas, online shopping has become an essential aspect of the lives of many Bangladesh residents.
In Bangladesh, not every online transaction is completed successfully and numerous problematic accounts have been linked to e-commerce. Today, however, there are laws protecting both the buyer and seller in the event of a breached service agreement.
According to Bangladesh’s e-commerce association, there has to be a clear definition of which method of communication is part of a proper service agreement, the breaching of which bears legal consequences. So despite the risks involved, online shopping in Bangladesh is associated with a much higher level of safety for both the buyer and seller.
Despite the security measures, a consumer’s information might be at risk whenever it is provided to the vendor, especially since the person responding to a consumer’s queries will in most cases remain unknown to the buyer. The consumer’s profile and private information, however, will be exposed to the person running the website.
Advantages of online shopping
As mentioned earlier, consumers like online shopping for a variety of reasons. Some of these advantages include:
- More competitive pricing
- The elimination of unnecessary expenses
- The availability of a much wider range of products
- A wide market
- No crowds, lines, or pressure while shopping
- Less time-consuming
- The availability of comparisons
- Online monitoring and tracking
Disadvantages of online shopping
As streamlined as online shopping regulation might be in Bangladesh, there are still a number of disadvantages associated with e-commerce, including:
- The lack of significant discounts
- The inability to touch and feel the merchandise being purchased
- Lack of the interactivity offered by brick and mortar shops
- The inability to examine products closely
- An unsatisfactory shopping experience
- A comparatively higher likelihood of fraud
- Delayed deliveries
Although online shopping might be a scary concept to many of those living in Bangladesh, not all is gloomy. Trusted online websites like banglashoppers have a verified secure badge on the right side of their URLs when opened using a web-browser. Consulting friends and family before making a purchase might also be wise.
All in all, e-commerce is still one of the most exciting ways of buying and selling products and with proper verification, online shopping can be made completely safe.