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It is a process of conducting business electronically.
Benefits of E-Business is as follow:
1)improved speed of response
2)cost savings
3)improved communications, information and knowledge sharing
4)reductions in inventory
5)improved efficiency and productivity
6)acquisition of new customers and increased sales
7)improved customer service.
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E-business is a new trend in now days, it is totally depend upon by the invention of internet. Businessman can promote its business on large scale in a short time periods. There are count less benefits of e-business, some are as follows:-
minimize market cost,
Boost business sale,
catch target customer,
Run business 24/7 pattern,
Increase customer loyalty,
reduce customer complaints.
Gold Coast business coach
As a business owner, especially for small, small businesses, the benefits of e-business are:
Freedom to work anywhere you choose.
Freedom to work any time, day or night.
More flexibility to enjoy family and experience your child's development.
Lower risk due to less overhead.
Reduced costs.
No commutes or business suits! :-)
Today,, people are familiar with internet and marketing strategy. They need a perfect service or product according to their demand.
So,, If your business fulfills their demand it will be more known in the market.
"Here are advantages of having an E business:
1. Removes location and availability restrictions
2. Reduces time and money spent
3. Shows you how to improve
4. Keeps your business relevant"
E-business has too much benefits.Quote:
Originally Posted by Bharat Book
I would add one more which ino is the most important. E-business, in comparisonn to offline business, has much greater opportunities and potential because it many cases it helps generate passive income.
8)The internet never closes.
9)Widens your potential market size, there's not geographical limitations to the internet.
10)Your competitors are online, so you should be too.
11)people conducting searches are looking for a product/service/information, they're not waiting to be sold something.
1. No need to pay high rents as physical existence is not required.
2. Easy to increase number of customers through various Internet Marketing tools.
3. E-business is open for 24*7.
improved speed of response;
cost savings;
improved communications, information and knowledge sharing;
reductions in inventory;
improved efficiency and productivity;
harmonisation and standardisation of procedures;
better transfer of best practices;
acquisition of new customers and increased sales;
improved customer service.
E-business created by internet has many benefits. It is such a business environment in which time and distance are less important, people have access to more information. Consumers have better access to a broader range of products and services and without a physical presence, entrepreneurs have their own business with all kind of services and products. Isn't it amazing?
Quote:
Originally Posted by infinity88
Business of all sizes in all sectors are using the Internet in many different ways - to work with partners and suppliers, for procurement, for internal activities such as knowledge sharing and new product development, and much more.
Yes, you are right. And i think that everybody can start own business by the E-business. I am also thinking about starting up the small business.
Thanks for the participating in this thread, i had also collected more points about the E-business than previously known.
The e-business is useful now a days and very effective since almost all the people globally has mobiles and can access internet.
E business is a lot of help to many companies today specially for banks. Online banking is what most consider because it is fast and easy to understand
Getting more customers faster and easier and lastly its increase your online popularity.
E-business utilizes the web as the center for business dealings, it helps to converse information/services between customer and organization.
Benefits-
1.Cost Effective
2.Better Customer Services
3.Reduces Time nad Money Spent
4.Gives Competitive Advantage
True that ebusiness had help lots of company including banking.
The major advantage of eCommerce is that you`re working for yourself, you`re do not paying some interest to anyone (if its not an Amazon store) and also eCommerce is mostly a less expensive business then keeping an off-line shop.
Less or in some cases no investment. :)
:) It has a ton of benefit to say.
E-business is very effective. Thanks for sharing its benefits.
e business is beneficial because:
1) save time
2) home made business
3) no need to office cost
tele-shopping-product
Developing online store gives many benefit to buyer and seller both sides. Looking today's online shopping trends, e-business is the best idea for small and large business.
The internet and the development of e-business has furnished *****ious people with numerous new preferences and chances. The internet has also made a business environment in which time and separation are less vital. The people have access to more information from theideasfactory.com
Yes, you are right. However the competition is fierce.