Benefits of Conducting a Business Online Essay

What welfares do you think Knight Enterprises Ltd and their clients could receive from conducting their telephone line line online? An online charge for Knight Enterprises Ltd is a powerful marketing and intercourse tool, an incredible cite of cost-efficiency, an environmentally friendly management to work, a sign of professionalism and pretty a great deal a requirement today. Benefits for the g all overnment activityThe first benefit identified that organisation have an reinforcement of from lucre marketing is that is it cost effective this is beca map spend the marketing on the internet puke reach a round-eyed range of audience from one and businesses would not need to promote themselves over other marketing mediums that cost more than using the internet. Businesses based besides online are satisfactory to make profits by saving specie on promotions and also just being based online is another way of saving money as they do not need to reconcile for buildings (i ncludes rent, bills etc).Knights Enterprises Ltd will also be able to save money which they use for other expanding business methods which displace attract various customers. The organisation could benefit from an online presence because the opportunity is spend a pennyn to use social networking, emailing, their website, banner ads as their marketing strategy which is much cheaper and also easier than other marketing techniques that does not involve the internet.It is also cheaper to get more customer awareness for their business as their internet marketing (website, ads) can be seen all over the world and now their products will available for international customers as wellhead as national. A website can be changed any time, so businesses are able to update their online view anytime to stay with the in vogue(p) trend etc. The business can constantly add more products to their collection and update their business. With internet marketing available the organisation is able to do this anytime making it cheaper and quicker.A forum can also be added to the website for customers where they can comment and give opinion and the organisation will reply to them instantly like an online conference giving them the advantage of gaining customer awareness attracting more customers retaining their customers they have already and gaining their trust Two-Way Communicative Marketing The two way communication is second advantage of online business because they can get their feedback really right away and also can rectify their Customers service and products.Cheap Market question Market research is schooling somewhat consumers, competitors and the effectiveness of marketing programs. sensitive business owners use market research to determine the feasibility of a new business, test interest in new products or services, and improve aspects of their businesses. Improve credibility The website gives the organisation opportunity to tell potential customers what their frie ndship is all about and why customers should trust them have confidence when they use website.Growth Opportunity A website serves as a great sharpen to refer potential investors to, to show them what your company is about, this will provided all the information about the company to the customers, how well the company is doing, in terms of profit, revenue enhancement total sales etc. We can also guess from their customers reply how much better they are than before. Awareness cyberspace marketing enables businesses to see and compare with other businesses and compete with them more easily.They can view how much customers they have whether they are fe manly or male and can use this to segment their targeted audience and market their business and products in ways that suit their customers. 24/7 Presence One of the biggest advantage of online business is that they dont have to worry about time because they are available 27/ 7 no risk of losing customer. The website can provide all the information that customers need can see the latest product been offered it also saves people travel cost they can do shopping anytime with even thinking about day and night.They can gain more customers by this as customers that arent able to go to the shops in person at a certain time can devil a business website anytime. Benefits for the customers Offer Convenience This is more convenient consequentlyce going somewhere else to buy or find out something because its just one click of a button and all the information will come in front of the screen we need its much better than ringing a company and waiting in the queue talking to or asking them about their product.Some customers privilege website rather than taking or travelling which is quicker and best service. 24/7 Shop One demand not to worry about the closing time of a store as it 24/7 online. They can whenever they feel like. Online business now meets peoples lifestyle. at that place is no need to worry about leaving work then popping into stores. People now have the opportunity to shop at bottom the comfort of their own home. People with disabilities or other special needs can stay at home and make orders. Discounted prices and voucher savings.