Speech on the Rise of E-Commerce for School Students in English 

Speech on the Rise of E-Commerce: Last day, I received a smartphone from an e-commerce website that was unavailable everywhere onsite. I was at the top of the world not just because I received the phone of my choice but also because the e-commerce company from which I ordered my handset gave me a cashback too, which was just half the price of an electronic device.

E-commerce has changed the scene of business worldwide. It has changed the way of buying and selling any commodity in trade. Prior, our presence was necessary for any purchase, but now we are getting the things, say electronic gadgets, furniture, books, or even groceries, packed food, and likewise, at the doorstep. Receiving all such goods and services with just one order is possible because of e-commerce companies.

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5-minutes Speech on the Rise of E-commerce

Greetings to all the fellow learners here. Today´s topic is centered around ¨Speech on the Rise of E-Commerce.¨

Electronic commerce, or e-commerce, refers to the buying and selling of goods and services over the Internet. E-commerce includes different types of segments for customers, which include food items, fashion, electronics, flight and train tickets, beauty and personal care products, sports and outdoors, toys and games, and services such as online learning, cloud storage, streaming services, and many more.

The history of retail shops entering the market is not new. A student from Standford University started the business by buying and selling marijuana, a psychoactive drug that comes from the cannabis plant. The person, rather than the first online businessman, used the Advanced Research Projects Agency´s Network (ARPANET), which was later shut down by the university.

The market for online retail businesses became progressively active with the entry of e-commerce businesses in 1995 with the launch of Amazon and eBay. The beginning of the transformative era of e-commerce keeps on expanding and is successful with more development and diversification every year. Also, accessibility to the internet, use of smartphones, consumer preferences, and providing service with convenience help the e-commerce business grow within a short period. 

Who will deny shopping if consumers get a range of diverse products while sitting at home with competitive pricing? Moreover, e-commerce market strategies, innovative methods of selling a product, and engaging online experiences help secure online transactions, which not only enhance the customer experience but also help build trust.

Furthermore, the use of artificial intelligence and applications gave the customer an environment for a seamless and personalized online shopping experience. 

From business-to-consumer (B2C) transactions to business-to-business (B2B) collaborations, the lives of customers have turned to ease and convenience, and this is made possible only because of the rise of e-commerce. 

Talking regarding India, with the pride of being the 7th largest market for e-commerce businesses, we have successfully built up the trust and satisfaction of the customers in these online retail shops, which have earned revenue of 138 billion rupees and are expected to triple over the next three years, with a projected market volume of US$108,060.8 million by 2027.

However, as the saying goes, everything comes with a price, and so does the rise of e-commerce. The rise in e-commerce marks opportunities as well as challenges for customers and small business owners. On the one hand, these small businesses gain global market reach with reduced overhead expenses and increased visibility, but on the other hand, they face challenges in making their online presence. 

Also, online fraudulent cases, with customers delivering damaged or replica products, turn the user experience bad and create an obstacle to the upswing of e-commerce businesses.

It is important to control the challenges for keeping the market of e-commerce growing with quality assurance measures, secure websites with a safe online presence, monitoring the customer reviews, clear return and refund exchange policies and investing in flexible infrastructure that helps in growing e-commerce business without any compromise in performance.

In conclusion, e-commerce not only seizes opportunities but also helps in giving a boom to sectors related to business. Just a balance is needed to remove the hurdles, if any, and make the customer feel like a digital king.

Also Read: Difference between E Commerce and E Business

10 Lines on The Rise of E-commerce

Here are the short and simple lines for the topic ¨The Rise of E-Commerce.¨

1. E-commerce refers to the buying and selling of goods and services over the Internet.

2. Most people love the convenience of shopping online.

3. The use of smartphones, consumer preferences, and providing service with convenience help the e-commerce business grow within a short period.

4. Small businesses are growing through the global market of e-commerce.

5. Safe and secure payment options have built on the trust of customers for online retail shopping.

6. One of the major reasons for the boom in the e-commerce sector was the pandemic of COVID-19.

7. Strategies like giving discounts on competitive prices, attract customers for more shopping.

8. It is important to control the challenges for keeping the market of e-commerce growing with quality assurance measures.

9. Mobile commerce helps individuals to shop online through smartphones.

10. E-commerce is a reflection of shifting to digital easiness shopping habits. 

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