Business Model of On-Line Retaining Essay Example | Topics and Well Written Essays - 2250 words

Business Model of on-line(a) Retaining - Essay ExampleOn-Line retailing business runs over the Internet through well intentional user friendly portals, whereby the merchandises & work are displayed through electronic means (like photographs, images, videos, etc.) and payments collected either electronically or apply a system that accepts remote checks, wire transfers or on-delivery cash. On-line Retailing is varied from the traditional business primarily from the perspective of product display, business expenses, business location, communication & customer engagement, and technology. confer chain have it awayment of both businesses are similar with the only exception that on-line businesses have to manage their deliveries remotely and in larger geographies (even at global levels) whereas the traditional retailers may have to carry go forth lesser remote deliveries within a fixed locality. We hereby analyze the on-line retailing treat deployed by eBay through their portal n amed (www.ebay.com). The process of on-line shopping starts from a search engine - either global search engines like Google, Yahoo or the search engine built within the eBay portal. Products advertise on eBay can be approached through both the mechanisms.Once the buyer reaches the on-line display of the product of c... Once the buyer reaches the on-line display of the product of choice (two or three dimensional artistic production or video along with specifications, pricing details, terms & conditions, etc), he/she can evaluate the product using published specifications & pictures/videos and then open a shopping cart where the products rented for purchase can be collected. afterward collecting all products, the buyer can proceed for payments where the terms on eBay are electronic (credit separate or debit cards. Given that eBay is a global on-line shopping portal, they do not twist localized choices of payments. The soft products can be downloaded online and the hard products a re transferred to the customer from the warehouse that is closest to the tangible address of the client. eBay also offers international delivery of products through world class renowned courier services which is charged to the buyer at the time of purchase.Chatpar and Venugopalan, 2007Key Traits and Bases of supremacy of the marketing strategy of Online RetailersThe key factors of success of Online Retail businesses are the following(a) Excellent User Friendly Portal system eBay is one of the about user friendly on-line shopping portal of the world. The buyers are able to quickly search and select products of their choice through well deigned categorization & guidance systems and make secured & reliable payment. (www.ebay.com).(b) High Quality Customer Services To serve their customers, eBay has on-line chat & message boards, e-mail ids through which trained customer assist specialists respond quickly to address queries or grievances. Extra information on every product is uncom mitted through local product catalogues whereby the products in stock exactly match the