Study: My Understanding of Business

ONLINE CUSTOMER BUSINESS. E-commerce is the buying and selling of products and services or transmitting a fund or data over an electric network This kind of business is mostly based on the online transactions without physical contacts of the buyer and the seller. Technological development has seen to it that people do not need to move from one shop to another looking for goods and services. It is more easy and convenient to conduct business over the internet by e-commerce. Businesses post their products on their website for the potential customers to see and make online order and payment then the product is delivered at the customer’s convenient place. E-commerce have got many forms of performing business transactions. They occur either as business to business where one type of business transact with another type of the business of the same kind or of a different kind. Another form where business is transacted between the business and the final consumers of the product is called business to consumers. Where the transaction is done between two or more final consumers of a product is referred to as consumers to consumer. Traders in this kind of business must put much attention to the customers. Proper strategies that will ensure that the customers are satisfied by ensuring that their needs are met in the best way possible are thus important. Customers being a key factor in an e-commerce business, quality customer’s service is a fundamental strategy. Growth of the business should also translate to the increase in customer service strategy. Constant provision of excellent customer services should be ensured by studying the real experience of the customer. Customer retention should be maintained by the business. Attraction of new customers to the business is more involving than maintaining the existing ones.The business can achieve this by being in constant contact with is existing customers by informing them of any changes or any new products that the business has. Business should also ensure that it gathers information that is beneficial to customers such as the products colors that are mostly preferred by the customers. Well sourced data makes the customers to feel that their interest is being catered for by the business. Assuring customers that their money will be refunded in case of the default is also a major factor to consider in building trust in the mind of customers in e-commerce business. Constant review of the business and the customer’s feedback should be done to ensure that they necessary changes are made towards improving the business.Efficient e-commerce business is dependent on the quality of the services and the ease of getting the services.Traders should therefore focus on quality to ensure profitability.

The Beginner’s Guide to Business

The Beginner’s Guide to Business


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