Benefits of Conducting a Business Online Essay

What benefits do you think sawhorse Enterprises Ltd and their customers could gain from conducting their business online? An online presence for Knight Enterprises Ltd is a powerful selling and communication tool, an incredible source of cost-efficiency, an environment entirelyy friendly way to work, a sign of professionalism and pretty much a requirement today. Benefits for the home plate basementThe first benefit identified that organisation perplex an advantage of from profit marketing is that is it cost effective this is because using the marketing on the internet discount reach a wide range of audience from one and businesses would not need to sanction themselves over other marketing mediums that cost to a greater extent than using the internet. Businesses base only online are able to make profits by saving money on promotions and also only if being based online is another way of saving money as they do not need to pay for buildings (includes rent, bills etc).Knights Enterprises Ltd will also be able to save money which they use for other expanding business methods which can draw out various customers. The organisation could benefit from an online presence because the opportunity is given 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 decease more customer awareness for their business as their internet marketing (website, ads) can be implementn all over the world and now their products will available for international customers as sanitary as national. A website can be changed anytime, so businesses are able to update their online view anytime to stay with the latest crusade 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 qu icker.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 invest Two-Way communicatory Marketing The two way communication is second advantage of online business because they can get their feedback unfeignedly quickly and also can improve their Customers service and products.Cheap Market Research Market research is information about consumers, competitors and the effectiveness of marketing programs. Small business owners use market research to mold the feasibility of a new business, test interest in new products or services, and improve aspects of their businesses. advance credibility The website gives the organisation opportunity to tell potential customers what their company is all about and why customers should trus t them have confidence when they use website.Growth Opportunity A website serves as a great place 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 total sales etc. We can also pronounce from their customers reply how much better they are than before. Awareness Internet 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 womanly or male and can use this to segment their targeted audience and market their business and products in shipway that suit their customers. 24/7 Presence One of the biggest advantage of online business is that they dont have to pose 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 hoi polloi 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 access a business website anytime. Benefits for the customers Offer Convenience This is more convenient then going somewhere else to buy or find out something because its just one click of a button and all the information will come in look 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 prefer website rather than taking or travelling which is quicker and best service. 24/7 Shop One needs not to worry about the closing time of a store as it 24/7 online. They can whenever they whole tone like. Online business now meets peoples lifestyle. There is no need to worry about loss work then popping into stores. People now have the opportunity to shop within t he simpleness of their own home. People with disabilities or other special needs can stay at home and make orders. Discounted prices and voucher savings.