While in an e-business, a place for selling is not a disadvantage instead it is an advantage in the part of the seller for he/she will not pay for any rent, just the use of the Internet, he/she can still accommodate the same number of buyers (Kung,n.d.). It mainly depend on shipping methods to deliver and receive items which argued by many that shipping is the downfall of online business because of its additional costs and a lot of possible delays in delivery.
Although Internet helps companies to be reachable at anytime, in the end there’s always a difference of stepping into the store than clicking on computer when shopping but this can be exhausting and stressful at the same time. Nevertheless, online shoppers can search the planet for the
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This is in terms of the promotion, another element in selling products, which tells the effectiveness in advertising the product to the potential customers. During the time where Internet is not yet that popular, we can learn a business or service through newspapers, mail service, television, yellow pages, magazines, or radio. Traditional marketing uses static text or advertising commercials to promote a product (Mcrill, D.,n.d.). These are the ways used by the companies so as to reach its audience base. With its limited reach, it has limited exposure to potential buyers, though, it might not be labeled as ineffective but it is still attempting to reach a very small audience. Also, it is more expensive and requires more investment of time for product promotion. Publishing ads to match your product takes a long time thus speed matters when promoting one’s product. For, traditional business is the simplest and the know way of doing business which includes no electronic media and where the handing do include the manual work (What is the difference between traditional business system and e-business?, n.d.). This could end up as a disadvantage, especially with the rapid increase in Internet
As sales are such a huge part of a business, marketing are in-charge of getting the custom by satisfying customer needs. Having your business online can drastically help the business by reaching out to many more people. Having a business online can greatly improve sales as more and more people order online and don’t want to make a trip out to the store. It also helps the company become more recognised at it can be seen by everyone on the internet. This will help the company progress and grow
For example, business like Asda use e-commerce which allows customers to shop online. The advantage of using e-commerce is that you are allowed to create your own website and sell products online. Upgrading IT development It is important that you are aware of your customers because you should always keep your customers happy.
Advertising is a way people will get information on a new product
Advertising is defined as “any form of paid communication by an identified sponsor aimed to inform and/or persuade target audiences about an organization, product, service, or idea". By strategically selecting the advertising channels, the company strives to reach the target market
As a result of online retail, there has been a shift in how we do our shopping and is making its way to being THE way of shopping. Online retail has strong cost advantages in comparison to its offline competitors. It is rapidly taking precedence in many categories due to better pricing, selection
Its aim is to delivering some value to the customers so they purchase or sell goods and/or services. Advertising, however is one of many tools used in marketing to reach and inform consumers. Of the four P’s in the marketing mix, advertising falls under ‘promotion’. Some other marketing tools are public relations, sales promotions, directing marketing and personal selling. There are various types of advertisements, among them political, public service, retail and directory.
Advertising- Advertising is a paid method of promoting ideas, goods or services by companies and businesses. Advertisement involves the business to communicate a message to their target audience, who they are targeting their product or service to, therefore to encourage them to purchase the product or service. Coca- Cola uses advertisement to promote their products and they use many different forms of advertisements.
TCii (2011) describes the importance of digital marketing that as the world is moving from analogue towards digital, people are consuming more and more digital content on a daily basis just as increased usage of mobiles, computers at works laptops and other gadgets-the companies who have yet not recognized this in their marketing strategies need to adopt it fast. The pace at which world is focusing on digital marketing it is possible that soon it will eliminate the traditional forms of
Francis Aguilar (1967) is the first known reference to the origin of the PESTEL analysis. In his study known as Scanning the Business Environment, he studied the environmental factors that affect business environment and come up with the first acronym ‘ETPS’ which meant the Economic, Technical, Political and social factors (Aguilar, 1967). Later Arnold Brown (1967) focused on the study and came up with a new perspective towards the study of social-technical, economic, political, and ecological (STEPE) factors. In 1980, Porter among other authors scanned the business environment and came up with the current acronym PESTEL meaning political, economic, social, technological, legal, and environmental factors (FME, 2013). According to Collins (1997),
Introduction: The oxford dictionary defines advertising as publicize (goods to promote sales, or a vacancy, to encourage applications). Advertising is a very well known and significant part of the marketing world for any business. Advertising makes millions
We all know that shopping at stores requires us to go to mall or department stores in buying supplies and spend our money. Now we live in the age of internet and buying things can now be done by clicking a mouse. Because of the numerous benefits of shopping online more and more people these days prefer online shopping over conventional shopping. But which one gives us the best benefits? Our discussion centered on three differences between shopping at stores and shopping online.
This is because, the shopping on the Internet deals with many purchasing opportunities and assorted with the special product to be sold to the customers. These opportunities make the online shopping or internet shopping can be convenient, economical and safe, fun. Moreover, without an extra cautious, the online shopping will be a venue for other people or named as
Online shopping has nowadays become a widely spread way of shopping among people on different continents and in different countries. Its popularity is constantly on the rise considering the spread of Internet technologies and the increasing share of online shops in the retailing business. Online shopping activities are gaining wide spread as far as they tend to provide the consumers with numerous benefits and increase the convenience of buying without leaving the house. The popularity of online shopping grows due to a range of reasons, including its convenience as well as time- and money-saving potential.
More and more people these days prefer online shopping than shopping in malls because of so many advantages and benefits. People from all over the world have accepted online shopping sites because of the convenience provided like from shopping in their pyjamas to convenience for elderly and disabled. Not only this, online shopping sites also provides a wider choice of products, avoiding upselling or impulse buying, better prices, good for the environment, and
1.0) Introduction 1.1) Background During the past decades, the retailing industry has gone through many important changes. Saturated markets, fierce competition, and the turbulent macro-economic environment have condemned retailers to reconsider their retail strategy. Actually there are four factors which have constantly been reshaping the world of business – technological advances such as the internet, the loss of geographic advantage resulting from globalization, the shake-up of the traditional industries as a result of de-regulation and the rising power of the modern and complex consumer. However one of the most important factors remains the evolution of the Internet.