Online shopping – definition and meaning
Online Shopping is the activity or action of buying products or services over the Internet. It means going online, landing on a seller’s website, selecting something, and arranging for its delivery. The buyer either pays for the good or service online with a credit or debit card or upon delivery.
In this article, the term ‘online’ means ‘on the Internet.’
The term does not only include buying things online but also searching for them online. In other words, I may have been engaged in online shopping but did not buy anything.
Online shopping has been around for about twenty-five years. It has grown in popularity significantly.
Today, we can purchase nearly anything online. In fact, retail experts say that online shopping will soon overtake traditional shopping in monetary terms.
Online shopping is part of E-Commerce, which stands for Electronic Commerce.
Online Shopping occurs when a customer buys through a digital platform. An example of such a platform is Bikerringshop.com, online biker ring store from Thailand. You don’t have to live in this country to get one of the products this store sells. Global coverage is one of the major benefits of online shopping.
Online shopping can reduce the carbon footprint associated with retail by decreasing the number of trips consumers make to physical stores.
We like buying things online
We like shopping online. The main appeal is that we can find and buy items we require without ever needing to leave the house.
Online shopping platforms often utilize data analytics to offer personalized recommendations, enhancing the consumer’s shopping experience.
During the period leading up to Christmas, online shopping is particularly appealing. It is appealing because shoppers can avoid those long lines (British: queues) with angry consumers.
According to OxfordDictionaries.com, online shopping is:
“The action or activity of buying goods or services over the Internet.”
Which retailers provide online shopping?
Today, most stores provide online shopping facilities. In other words, they have a website that allows consumers to purchase from them on the web.
The retailer either delivers to the shopper’s home, office, a neighbor, or a nearby store location.
Many people do their weekly supermarket grocery shopping online.
Some companies, in fact, only sell online. They have no physical shop that people can visit.
For example, Amazon.com sells nearly all of its goods online through its e-commerce platform.
NewEgg, Ocado, and TigerDirect also focus primarily on online shopping facilities.
How does online shopping work
Above all, you will need an Internet connection, a debit or credit card, and a secure password. You may also need to have an email address or mobile phone number.
Most retailers will allow you to make up your password. Make sure it is a password that nobody could guess. Avoid your birthdate and those of relatives. Ideally, you should include a combination of letters, numbers, and higher and lower cases.
You then scroll through the items the retailer is offering. Sometimes they will have a category list, such as furniture, sports equipment, gardening, etc.
Most retailers also have a search facility. This means that you can write the name of the item you seek to determine whether they have it.
Online shopping – paying
When it is time to pay, the retailer will ask for your card details. They will require the name on the card, the long 16-digit number, the expiry date, and a 3-digit number at the back. You may also need to provide details of the card’s billing address.
When giving your card details, make sure their web address starts with ‘HTTPS’ and NOT ‘HTTP.’ A web address that starts with HTTPS’ means it is a secure page, and suitable for handling payments.
Online shopping is great for buying things that are identical. For example, printer toner, toilet paper, or windshield liquid for your car are items that do not vary. However, fruit and vegetables are different. They may be overripe or not ripe enough.
Most retailers allow you to send back goods. In fact, in some countries, you get a ‘grace period.’ This means that the law allows you to send back goods within a certain period.
Therefore, online shopping is also good for items that you need to try on, such as shoes or clothes. Because you can send them back.
A ShopperTrak survey found that physical retailers face a major challenge. Their challenge is how to satisfy connected consumers. Connected consumers expect to be able to flex between physical and online stores.
When we pay for a book online or register for an e-learning course, we are paying for knowledge. In fact, knowledge commerce or K-commerce is a massive global industry.
Explosion of new terms
Ever since the birth of online shopping, there has been an explosion of new words, especially compound nouns. Compound nouns are terms that consist of two or more words. Let’s take a look at some “online shopping” related compound nouns, their meanings, and how we can use them in a sentence:
Online Shopping Cart
A virtual cart on an e-commerce platform where customers can store items they intend to purchase.
Example: “I added several books to my online shopping cart before checking out.”
Online Shopping Experience
The overall experience a customer has while purchasing goods or services on the internet.
Example: “Retailers are focusing on improving the online shopping experience to increase customer satisfaction and loyalty.”
Online Shopping Platform
A website or app that facilitates the buying and selling of goods or services over the internet.
Example: “The new online shopping platform has streamlined the process of finding eco-friendly home products.”
Online Shopping Transaction
The process of purchasing goods or services over the internet, which includes selecting products and completing payment.
Example: “Each online shopping transaction on our website is encrypted for your security.”
Online Shopping Habit
The tendency or routine of consumers to purchase goods or services via the internet.
Example: “The pandemic has significantly changed consumers’ online shopping habits.”
Online Shopping Deal
A special offer or discount available to customers when they purchase online.
Example: “I got an incredible online shopping deal during the Black Friday sales event.”
Online Shopping History
A record of a customer’s past purchases and activities on an e-commerce website.
Example: “You can find recommended products based on your online shopping history.”
These two educational videos come from our sister channel on YouTube – Marketing Business Network. They explain what “Online Shopping” and “Online Retailer” mean using easy-to-understand vocabulary and examples.
What is Online Shopping?
What is an Online Retailer?