Archive for September, 2013

Pros and cons of online trading

Saturday, September 7th, 2013

online tradingInternet has become a very important part of your day to day life. Almost all of our important and urgent daily works are done over the internet. So in other words without the internet we are sort of blind and can’t work properly. Even businesses these days are done over the internet. Thus the business can be very easily spread to the people living overseas. It has also become much faster and efficient with the advent of the internet and huge technological development thereafter. Though online trading is the latest trend in the market these days and starting from small to big business houses everyone indulge in it, there are certain pros and cons of the online trading.

Using the online trading practice, you can very easily reach to consumers and customers who live in some different place and may be altogether some different country overseas. It is simply not possible to reach out to such places physically with your products as it is quite time consuming as well as expensive. Using online trading practice you can very easily promote your products overseas and can even sell them to the customers directly. You simply need a computer and an internet connection enough speed for online trading. Thus you can sell the products overseas without much expense and without wasting much time.

However since you are not selling the products directly, you have no control over the selling there which may lead to damage of few products incurring loss to you. Also quality control may be a major issue in online trading since it is not solely at your hand. In many cases, amounts are not received though the product is sent. Thus you incur a loss. Even when you are in between some transaction and if the connection fails, then it will cause problems in the payment. In many cases it is seen the customer has debited the amount but it is not credited to your thus you make a loss.