Before the Internet revolutionized how people shopped for products, consumers had to go to stores in person to buy different items. Canvassing was done by literally going to a number of stores and asking the sales personnel for the price of a certain product and by choosing to buy at the store that offered the best deals. This was very true for the electronics market, as people who wanted the best stereos, TVs and speakers had to set aside a considerable amount of time in searching for the best deals.
However, as E-commerce has now allowed people to search for products on the Internet, the way by which people bought electronics also changed. Nowadays, buying the newest models of digital cameras, MP3 players, and DVD players is just a click away.
As businesses see the benefits of putting up web sites that allow them to sell their products, putting up a web site became a necessity for businesses. A direct result of this is that almost all businesses advertise online, which means that you can expect that there will be thousands of “virtual stores” that will compete for your attention. This competition is good for consumers because these stores compete with each other by lowering their prices.
As a result, the prices that you can expect to pay for electronics would be lower than what you would expect to pay if you went to an electronic store. One example of this is that when you go to online stores, you can expect to pay around $40 for a new hard drive, as compared to an average price of $90 if you go to computer stores. There are even some sites that offer DVDs at less than $5 and mobile phones for as low as $10.
Gone are the days when you would have to set aside a whole day just to be able to buy a TV or stereo speakers because you had to go to a number of stores to canvass different products. This is because E-commerce has now allowed people to go to virtual electronics stores that not only provide quality goods but also the best prices.