UPDATED 24/04/2021 8:10 AM
Traditional commerce refers to the commercial transactions or exchange of information, buying or selling product/services from person to person without use of internet which is a older method of business style and comes under traditional business. Now a days people are not preferring this as it is time taking and needs physical way of doing business.
While having a storefront is a great way to provide personalized service, it carries some hefty costs. In traditional commerce, the brick and mortar location cost is generally very high whether you’re renting or buying the space. Once you obtain your space, you also need to hire staff for sales, accounts, and management. As a retailer, you’ll also need to maintain stock of the products provided due to which a huge amount of money remains blocked in business.
Your store has to be located centrally so that the customers can visit easily. Traditional showrooms run for a limited time like from morning to evening and from Monday to Saturday only. While high overhead costs there is also a limitation on potential expansion in the future.
Traditional commerce refers to the commercial transactions or exchange of information, buying or selling product/services from person to person without use of internet. In traditional commerce it is difficult to establish and maintain standard practices and direct interaction through seller and buyer is present.
It is carried out by face to face, telephone lines or mail systems. In traditional commerce customers can inspect products physically before purchase.
Here is a good example of a traditional website>> Personal Trainer