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Online business Vs Traditional business

Posted by fareedy on July 30th, 2020

Online business/e-commerce is the process of trade goods and services in the form of digital mode where the transfer of payments to goods and services happens to electronic form. It’s also a form of an online shopping market place where you can buy goods and services at home and your desired item/product delivered at your doorstep.

While the traditional sort of business requires the face to face involvement of a person (both customer and seller) and the transfer to money include hand to hand money transfer. You also have to visit the shop for buying good and services of your interest. There are also payment issues. In an online business, you just have to pay to utilize your credit card, debit card, digital wallets, or net-banking and in traditional sort of business, you just have to pay through cash. Nowadays, traditional commerce has lost its popularity and got reduced due to E-commerce introduction in the early 20th century.

Things that buyers look for before buying online

The power of buying has increased to a significant level, to the point where marketing strategies are being formed keeping them in mind. With a new generation come, new trends are coming and buyers have transformed the face of modern marketing strategies. There are the following things that buyers look for before buying online;

  1.      Look for reviews:

Online reviews on your post are so important for buyers. It gives the idea to buyers to know about the quality of your item and your customer support. A staggering amount of poor reviews prevents them from placing an order with that business. Reviews with the pictures of the product delivered are often more reliable than the products listed on the website too.

  1.      Ask around:

Before dealing with a particular product buyer get the advice of their peers. Friends, family, and colleagues’ feedback is more valuable, especially if they have ordered from the particular business before. The buyers are less likely to order from a business where a friend or relative has a bad experience in the past.

  1.      Low price isn’t their only motivation:

The amount of price is the main important factor for buyers. They knew the link between price and quality of the product. Mostly the low price makes them suspicious and they may be left without placing the order. They may be investing some little more for better quality and utility. So, your price must be standard.

  1.      Read a similar product:

The buyers see other similar products in the market and compare the name, price, features, reviews, and quality of the product. They knew the difference between what is advertised and what is offered. They won't fall for images advertised of a product as most sellers tend to reuse images off the internet. So, make use of online free classified advertisements to increase and boost up your sales.

Also See: Online Business, Vs Traditional, Traditional Sort, Traditional Business, Online, Business, Buyers

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