A market is a place where the buyers and the seller meet. When you hear the word market, may be you imagine a market where there are a number of stalls that sell different products while the customers stroll through the place, checking out products.
However, a market does not have to be a physical place. This is very well explained if you look at an internet site created by a web developer in Singapore which operates as an online market place. The best example for this is eBay, which is one of the largest online market places where sellers from around the globe sell different products and the buyers from around the world get together to buy them.
How did we come from a normal market place that we had to visit to buy a product to a market place which exists in the cyber space?
The main reason for this major change is the technological advancement. As people started using more and more technology they started to find out easier ways to get work down. The ecommerce companies happened because they were the efficient solution for a traditional market place.
Another reason for people to go for this change in the buying and selling network was the busy lifestyle people lead in the present world. Before the world was this much technologically advanced the amount of work one could do during a day was limited. However, that limit was something achievable during a normal day. In such a world, people still had the time to go and buy the goods they wanted from the market. However, with the technological advancement people started doing as much work as they could during a day. That has left them with little space in a day to do anything other than going to work and then coming back home later in the day. There is no time to fulfil their needs by going to the stores. As a result, people have started using this new market option. If you are interesteed about ecommerce development you can visit this site http://www.verzdesign.com/our-services/ecommerce-online-shop.
Ease of Buying and Selling
These internet sites that appear as markets has made the buying and selling much easier. In the earlier days, you had to go to the shop, sometimes spend hours in finding the exact product you wanted and come home carrying it. Nowadays, by going to one of these sites, you can select the product of your choice within few minutes from the comfort of your home. Also, since the items are delivered to your doorstep you do not have to carry them by yourself.
As a result of all of these reasons, a new era of market has been created.