...Are You Missing Out On the eCommerce There’s gold in the pockets of local consumers, and eCommerce companies are rushing to pick it up. But are local businesses even in this race? In today’s market, 90% of people research products and companies before visiting the store in person, and 56% of people purchase products online. This means that you as a small business owner have to have an online presence, or you are just leaving money on the table. eCommerce tools and strategies are no longer reserved for giant vendors from out of town. Thanks to the introduction of social commerce, person-to-person selling can now go online too. In the race for local consumer gold, it’s no longer local “high touch” competing with corporate “high tech”. Now local has its own high tech, making eCommerce a race that local businesses can finally win! Better yet – when local businesses capture eCommerce spending from local consumers, the dollars stay local. According to estimates: The average American is projected to spend $1,738 online per year by 2016. By 2017, online sales are projected to swell to a total of over $370 billion. Your streets are paved with eCommerce gold – can you dig it? Besides the traditional web-based shopping cart model, newer trends like social and mobile are drawing even more consumers into shopping online. Social commerce spending is projected to top $30 billion per year by 2015. Mobile commerce is pegged to hit $31 billion by the same time. Over 70% of US...
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...Learning Team Reflection Summary Week 1 and 2 Team A has summarized about last week from what we discussed with the discussion questions as well as our individual thoughts about different acts how technology has promoted their change. Last week was our first week of class in which we discussed several different topics relating to business in the computer field. We discussed the ethical challenges surrounding the movie and music industries as they related to the internet, collaborating tools that we use in our personal and work life and different concepts of Microsoft Word that we might not have been aware of. Along with our group work, we were also giving a list of different political acts that have effect the technology world and were told to argue the two acts and why or how they added to the change of technology. Our discussion questions were centered on these topics; ethics in the movie and music industry, collaborative tools used in our work and home life and, capabilities of Microsoft that we may not have been aware of. We have all agreed that it is illegal and unethical to download music and buy bootlegged videos. We believe that because these items have been made readily available to us, that due to the hard work from the individuals involved, it is unfair that they should be allowed to, in one way or another, work for free. Information systems helps individual and business do all kinds of tasks with more...
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...three continents. We can be described as a provider of authentic, customizable Caribbean inspired pastries. Our main selling point will be embracing and maintaining the authenticity of our pastries. Taking advantage of the vast reach of the internet, we will use social media to market our products to the niche market of expatriate West Indians. This plan outlines the philosophy of the company. ExoticCaribbeanPastries.com hopes to attract more than a dozen owner/employees. 1.1 Objectives 1. To make ExoticCaribbeanPastries,com the go to online location for exotic pastries. 2. To develop a fully functional, integrated, easy to navigate, social media savvy ecommerce site for Caribbean pastries. 3. To focus on the niche market of Caribbean expatriates on a global scale. 1.2 Mission ExoticCaribbeanPastries.com’s mission is to provide authentic Caribbean Pastries using the internet and ecommerce to lower the cost of production and subsequently the cost of goods to the customer. By providing authentic pastries, we will attract a loyal customer base. To keep this customer base and expand to new customers, we will engage in intense social media marketing and interaction and also provide key tools for customer service and interaction. 1.3 Keys to...
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...target market is the international visitors who come from China. SWOT analysis of Queensland Tourism Company presents that some internal facts such as the environment, tourist experiences can be the Strengths. Moreover, Weaknesses can be that the brand image and awareness is weak for these potential Chinese customers. The high rate of exchange has already become the Threat not only for the Queensland tourism but also Australia tourism. The first marketing strategy is that using the social media tool as a platform to communicate with the potential customers in China, the brand awareness and image of Queensland Tourism Company could be improved, it should be mentioned that this social media platform also used to do the promotional activities. Packaging strategy can be the second marketing strategy for the target market, in China, Sina Weibo got the huge population of registered users. The packaging strategy means that the registered users can use the account number directive login our company’s ecommerce website and to the transaction activities such as hotel booking. The third marketing strategy is the group buying, it might be a good way to deal with the question of high exchange rate, the consumer can pay the lowest price to buy a product or service through by this activity. About Queensland Tourism Queensland is a state of...
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...CONTENTS PAGE LIST OF ILLUSTRATIONS…………………………………………………………………………… 1 EXECUTIVE SUMMARY……………………………………………………………………………… 2 INTRODUCTION……………………………………………………………………………………….. 3 Project Purpose….…………………………………………………………………............... 3 Project Description……………………………………………………………………………. 3 Scope of Study………………………………………………………………………………... 3 DISCUSSION…………………………………………………………………………………………… 4 Online Sales Growth………………………………………………………………………….. 4 Ease of Shopping from Home……………………………………………………… 4 Increase in Cyber Security…………………………………………………………. 4 Companies With Online Sales are More Profitable……………………………………….. 5 Using Social Media to Help Build Sales………………………………………….. 5 Projected Growth for Online Revenue……………………………………………. 6 Different Ways to Create Ecommerce Sites……………………………………………….. 7 Three Main Steps for Preparing Ecommerce Website………………………….. 7 Cross-Promoting to Increase Sales Growth……………………………………… 7 CONCLUSIONS AND RECOMMENDATIONS…………………………………………………….. 8 Conclusions…………………………………………………………………………………… 8 Recommendations…………………………………………………………………………… 8 REFERRENCE PAGE………………………………………………………………………………… 9 ILLUSTRATIONS FIGURES PAGE 1. Achieving Quota – 2010-2012…………………………………………………………. 5 2. Exceeding Quota – 2010-1012………………………………………………………… 6 3. Missing Quota – 2010-2012……………………………………………………………. 6 4. Estimated Quarterly U.S. Retail E-commerce Retail Sales………………………… 5 EXECUTIVE SUMMARY INTRODUCTION I have...
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...Abstract The decision for Howard Holdings to take their business to the internet is primarily to reach more customers. Today, most consumers do online research before they make any decisions to make a big purchase. We will also make some improvements in our marketing strategy by performing Search Engine optimization making sure HH is quickly and easily found on the internet. As with online research, consumers go to social media sites to read what others have posted about businesses and the relationships or lack of a business and consumer have. Another reason for HH to go online is that there are no area competitors with a website. Building a site is a great way to keep a jump on the competition, by getting our name and business out in the public. HH will build the website to be as user friendly as possible. We will do this by allowing renters to create accounts to pay their rent online by using Google’s shopping cart method. HH will also build relationships with area plants that have contractors staying in the area for short term work. By building this relationship, we will be able to branch into the international market with referrals from the plants and designing our website to be internationally friendly. Of course having a business website does cost money but, in order to the HH name out there, we have to be willing to spend money to make money. Howard Holdings Online Expansion Viability Howard Holdings is a family business in Southern Ohio that started in...
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...Running head: SOCIAL MEDIA AND THE BUSINESS WORLD TODAY Social Media and the Business World Today Juan Smith Abstract This paper discusses the many different types of social media and how companies can utilize them to increase the company’s profitability and overall success. Many examples of well-known companies are illustrated throughout the paper. It also gives some tips on ways companies can be more lucrative with social media. Social Media and the Business World Today How important is it for companies to be involved with social media? Isn’t that just something for people to post pictures of their dog on, to talk to their friends on, or even to post silly jokes on? Not exactly. Social media is so much more than what it sounds like. Many people and companies do not use social media to be social at all. When utilized correctly, it can be used to win over new customers, retain current customers, and to even promote sales. To begin, there are many different types of social media. To name a few, there are social networking sites, blogs, microblogs, professional networks, and even video or photo sharing sites (23 Types, 2010). A social networking site (SNS) is a website that allows its users to create profiles in which they share with other users of the site whom they have deemed their “friends” (Social Networking). Most people use SNS’s for staying in contact with friends and family; however, it can be used for business purposes as well. Examples of a SNS...
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...How to Promote an E-commerce Website by Melissa King, Demand Media http://smallbusiness.chron.com/promote-ecommerce-website-43557.html Nowadays, advertising in product and service is Internet access and a website. An e-commerce website makes it easy for customers around the world to shop at the virtual store. If you don't promote your e-commerce website, though, customers won't be able to find it. There are many ways to get people to visit online shop; Traditional Methods Adding website address to all written materials (business cards, letterhead, brochures, literature, publications, products, etc.) and always put website address in any media advertisements such as Magazines, Newspapers, TV and Radio. Also, word of mouth from friends and existing customers is very powerful. Online Methods Applying Search Engine Optimization (SEO) to your e-commerce website. This technique makes it easier for search engines, such as Google and Bing, to find your website. Sprinkle relevant keywords throughout your website to attract search engines. For example, if you sell second-hand clothing, use keywords and phrases like "online thrift store" and "buy used clothes." Don't overuse Flash or Javascript. Search engines have difficulty "seeing" this type of content. Start and maintain a blog that relates to your e-commerce website. For instance, if you sell DVDs on your website, write articles about new movie releases on your blog. Link the blog and the e-commerce website together. If a reader...
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...directly with the trading of goods and services and with other related business activities, in which the electronic communication medium plays a central role. The activities include the communication of information, management of payments, the negotiation and trading of products online. E-commerce is a part of e-business and its goal is to generate profits with a various sets of business through buying and selling principles. There are quite a number of ecommerce strategies that can be used in the banking industry. My focus is going to be on the implementation of an ecommerce strategy by BancABC. My aim is to come up with a holistic e-commerce strategy for the organisation. An e-commerce strategy, in its most simplistic form, consists of three steps which are: determining where the organisation is which is the situation review where it wants to go which is goal setting or the banks ecommerce vision The best way of moving from the one to the other this is referred to as the strategy formulation. For an ecommerce strategy to be successful the first major aspect is to have senior management comprehensively understanding what it means to be an e-commerce enabled organisation. Introduction of e-commerce usually comes with major changes which must be carefully planned and coordinated to avoid chaos and confusion. . The main problem with many failed e-commerce initiatives is the seeming lack of senior management support as well as a general lack of understanding...
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...INTI INTERNATIONAL UNIVERSITY COURSE STRUCTURE Programme: Bachelor of Business (BBUS) 1. 2. 3. 4. Name of Course/Module : E-Commerce Course Code: MGT3227 Rationale for the inclusion of the course/module in the programme : This module is designed to provide an insight into the area of e-commerce. Electronic commerce lies at the forefront of modern marketing and strategic management, altering the competitive landscape for large and small corporations alike. The Internet and new media are reshaping industries, creating new opportunities, and challenging existing commercial models and relationships. Total Face to Face Total Total Student Learning Time (SLT) L T P O A B/O IL L = Lecture T = Tutorial P = Practical(Lab) O= Others A= Assessment B/O=Blended /Online learning IL= Independent learning 5. 6. 7. 8. 9. 42 12 2 10 102 Credit Value: 4 Prerequisite (if any): Nil Learning outcomes: On completion of the course, students will be able to: 1. Discuss on the concepts and importance of the building blocks of e-commerce. 2. Demonstrate an ability to identify and analyse of the e-commerce prospects and their practical business significance 3. Analyse the issues related to the best practice of E Commerce contributing towards the organization, consumer and society. Synopsis: This course is designed to provide students with a basic understanding of the underpinnings of electronic commerce in order to make informed...
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...Ecommerce in India has many first time shoppers. This means that they have not yet ended up their cognizance about what to see from ecommerce websites. As a consequence, shoppers sometimes fall quarry to hard sell. But by the time the making is got, they reveal shame and return the goods. Still user remorse is a global problem, it is all the more well-known in a country like India, where greatly of the growing comes from new buyers. Revenues are classy for ecommerce actors, as back logistics presents unique challenges. This becomes all the more complex in cross-border ecommerce. 1. Customers won’t trust your website Irrespective of whether your website has a suave, and irrespective of whether you’ve lent a club of expert stylists to form...
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...Introduction Business is about making money. Even if you’re a genius and saint, you can’t stay in business unless you make a profit. Profitability is a lot more predictable than most people realize, but failure can still result if you don’t execute consistently on your business plan--or a hundred other factors that manifest unexpectedly. Here are some steps to take before you decide to make a go of a business idea. The business plan under discussion is to launch an eBusiness website for a company ABC Inc. The company is a scientific company specializing in manufacturing of chromatography gadgets, which are used by a variety of researchers in different industries including petro-chemical, pharmaceutical, clinical research, government, forensic, toxicology, fuels, academic, industrial and commercial laboratories. The gadgets and accessories manufactured by ABC Inc. are mainly used to solve the separation and purification challenges for researchers in drug discoveries, pharmaceutical developments, food safety, petro-chemical compounds extractions, and environmental analysis. The manufactured gadgets are available for separation of different mediums including solid, liquid and gas chromatographical techniques. The company mostly sells its products through a large sales team which is specialized in different techniques of chromatography, using traditional marketing and selling strategies. The company has been doing good business in North America and has loyal customer base. Since...
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...Running head: Proposal for Online Business Expansion Proposal for Online Business Expansion Proposal for Online Business Expansion A1. Viability of Product or Service Umake is a 3D printing company that is currently in the Discovery Phase of business development, and is looking to start mainly with an online presence, then expanding to a brick and mortar. The company is looking to introduce the technology of 3D printing to a market where the technology has been restricted to machine shops and prototyping companies. This will give the public the opportunity to customize, design, and create physical objects from their imagination, with little to no drawing or technical knowledge, at an affordable price. The company will offer a variety of products, for simple customization, including cell phone cases, key chains, and other novelty type items, allowing the customer to add their name or images to the product. Umake’s target market is separated into 3 categories: 1. Hobbyists With the introduction of 3D printing, hobbyists have flocked to the technology to reproduce lost or difficult items needed for their projects. Everything from car enthusiasts to scrap booking, customization is key. 2. Prototyping Inventors, companies, and entrepreneurs, need to produce a product for proof of concept. 3. Students Children ages 10 – 17 are the fastest growing market, other than companies, for cell phones and accessories. This market has the need to customize everything...
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... Methodology Brief * Research the development of eBusiness to include emerging eBusiness technologies and applications. * Appraise the main eBusiness strategies and technologies in current use to include business to consumer, business to business and business to government markets. * Utilise a range of current eBusiness terms within the context of providing eBusiness solutions. Objectives * To define the terms eBusiness and eCommerce. * To talk about eBusiness types 1. Bricks and Clicks 2. Pureplay 3. Brick and Mortar * To discuss different eCommerce modules: 1. Business to Consumer 2. Business to Business 3. Business to Government * To investigate current developments of eBusiness including: 1. Web1,2,3 2. Mobile Technology 3. Social Media 4. Big Data, Data Mining, Data Warehousing, Data Analytics Research Design Scope and Limitations Action Plan Introduction This assignment is a report to gather information about eBusiness, eCommerce, current developments in the area and different types of Strategies in use. It is very popular nowadays to use the new technologies, particularly internet business. eBusiness is an administrative work of business which is processed using technology. These business processes include buying and selling products, supplies and services. It also offers servicing customers, processing payments and a lot more. E-business also offers different range of...
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...e All-inSuit One Ecommerce G IN ONE SOLUTION FOR RUNN AN ONLINE BUSINESS! CR M INVENTORY MA N A G E M E N T E COMMERC E P L AT F O R M ORDER MANAGEMENT SYSTEM Feeling Stranded by Multiple Ecommerce Systems? There’s A Better Way! Finally, there’s an integrated ecommerce solution designed from the ground up to help your web business take flight. We call it GoECart 360™ — the all-in-one retail suite that combines an advanced ecommerce platform with multi-channel order management, enterprise-class inventor y and warehouse management, fulfillment, CRM, and so much more. Experience the easiest to use ecommerce software. GoECart 360 is easy to learn and simple to use. This reduces rampup time, lowers training costs, and prevents end user frustration. Point-and-click administration is delivered via the same familiar web-based administration panel accessible from anywhere on the planet. At GoECart, we call this revolutionary usability. Our customers call it extraordinary. Sell more™ merchandise over any channel. You get ALL of the bells and whistles you see on top Internet sites, so you can deliver that Amazon.com-like user experience to your customers. Sell via web storefront, microsites, call centers, and leading marketplaces like Amazon.com® and eBay ®. Improve decision-making with an intelligent 360-degree view of your business. Customizable reports, robust interactive dashboards and powerful web analytics options provide you with increased visibility...
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