In the article I’m going to tell you about Magical power of e to the business. The power of internet is unleashed with its full force giving great advantages to business men to spread their business. A single word can give a lot of power to the business. It can bring fortunes, increase the sales, bring in more potential buyers, more profit and more reach. All these magic can be done by a single letter word “e”.
When this word is added to commerce and business, it indicated the arrival of electronic media and World Wide Web to propagate the business. Companies which ignored the presence of internet at their earlier stages are still struggling. The companies which have adapted to the demands of the internet are performing well in their business.
A single word “e” can replace all the hurdles in business like “force” “Struggle” “demand”. It should not be viewed as just a letter but it can have tremendous impact on the business. The results are obvious. The world is envisaging the new outcome of what internet can do to the business. Many companies were unaware of the benefits of attaching them to the world of internet.
There are two reasons for this. It can be either their products were not suitable for online sales or their business had a local presence only. Hence they were not interested in giving a web presence and thought it was an unwise investment.
The presence of internet is not only to perform online sales but also to deliver the services, invoices, enhanced customer service, improved communication with clients and vendors and the business can be very well streamlined. The “e” has got a new meaning which is “efficiency”. Can you imagine in bringing 700 million people together to get interacted regularly for your business application annually? Sounds obnoxious?
Well no is the answer. It is made possible by the E-Mail applications. It has allowed business to grow by sending newsletter and sales copy to clients. Regular communication is made possible. This also gives the cheapest form of communication.
Resource sharing and knowledge sharing plays a vital role. An electronic manual for any product can be downloaded easily. One can search for any sort of information regarding the products. Users can even compare the benefits of products available. They conduct proper research on the quality and benefits of products. Hence providing better quality in products and frequently upgrading the contents will give a whip hand in improving the presence of the company among the public.
E-Learning reduces the training costs and educates people divided geographically. This helps in reduction of cost and time. A recent survey quotes “…99.5% of small to medium-sized businesses (SMBs) believe having a website is very or somewhat important to their overall business success in the coming year.”
The term “e” has not only added advantages for the sellers but also for buyers. The buyers can just sit infront of the computer with an internet connection and make a quick analysis on various products and their features. The availability of online booking and buying options are greatly enhanced and thus the total business is empowered using the “e” tool.