Online Shopping

Online shopping has skyrocketed in the networking realm. Amazan, EBay, Netflix, and E-book businesses are only a few of many businesses that have relied on the network for their businesses to strive. Since networks have become so popular, online shopping is often preferred nowadays to traditional shopping. Even for this course, transactions were made online to register for INFO 224 that would have been much less convenient to rely on with mail or in-person measures. In the era of e-commerce, Netflix has become so successful. “Netflix is prospering while Blockbuster is bankrupt” [1]. Before this era, blockbuster was a popular method to rent videos. Now, however, Netflix has catered to the priorities if this new era. “As far as the consumers go, Netflix thinks that busy people see downloading a movie through Netflix as a less expensive -- at $8.99 per month for unlimited rentals -- and more time efficient way to see a movie than making a trip to a movie theater.”[1] Netflix is continuously moving towards online streaming as this society continuously moves toward online shopping and networking. E-books have also become a popular item people shop for online. Pretty soon, I predict that libraries will become obsolete. E-books allow people to read more easily on-the-go, shipping hassles are cut, and inventory costs are eliminated. Now, E-books are simply downloaded and users can read their desired book within minutes [2]. Waiting for books to arrive, just like videos, is becoming history. As online shopping is becoming more prevalent, the convenience of reading novels and textbooks online is becoming more preferable. Amazon and EBay have been popular websites for online shopping and continue to attract more customers. When compared to physical stores, online stores have risen in profit more rapidly. “According to eMarketer, B2C (business to consumer) e-commerce sales in the Asia-Pacific region grew by more than 33% in 2012, amounting to $332 billion. The figure is expected to grow by more than 30% this year amounting to $433 billion and accounting for more than one-third of the global B2C e-commerce sales” [3]. That said, online shopping through many websites is on the rise. It is understandable how online shopping is more preferable nowadays than traditional shopping. Online shopping is less time-consuming and in many ways less expensive. Travel costs are eliminated and people can buy their products without physically leaving their home. People now have the ability to purchase items while they are working or doing any other activity at the same time. http://www.dailyfinance.com/2010/09/23/why-blockbuster-went-bust-while-netflix-flourished/ http://www.bookswealth http://www.forbes.com/fdc/welcome_mjx.shtml.com/