The Role of Online Technology in Doing Business
The advancement of technology and continuing progress of civilization has pushed the conduct of business into the realms of virtual and actual marketplaces. Almost every business today has the actual transactions performed personally by the buyers and sellers and those transactions performed in the virtual world of Internet. These online transactions of purchasing, selling, and even bidding and booking have increasingly become the popular mode of transacting business. This increase of popularity in online transactions is driven by the need for a speedy and safe means of doing business.
Unlike the old methods, sending purchase orders have to be done in snail mail with each product being itemized carefully to ensure that the total purchase price does not exceed the available budget, today, one can conveniently send an order with complete details of the items, quantity, and specifications in just one click of a second. The itemization of these order and the determination of their total purchase price can also be done by merely checking the boxes and indicating the quantities of the products in the web page of an online store. In just one blink of an eye, the buyer can immediately see the total amount of his orders. This eliminates the confusions and miscommunication that are very costly and prevalent in the old system of doing business.
Even the sensitive transactions of paying and handling bank accounts can now be done online. Online banking is among the trend of busy entrepreneurs nowadays. This allows them to manage their accounts and check on the payments made in just a few clicks anywhere they are and anytime of the day without going through the long queues at the bank. This online aspect of the bank is among the highly sought banking feature of any prospective bank clientele. Thus, most bank marketing strategies have made it a point to especially include these features of quick and easy management of accounts as among its advantages. These bank marketing schemes also provide for other benefits that accompany the online feature of the business. These additional benefits are in the form of customer incentive programs. These programs are geared to improve the satisfaction of the clienteles during their every transaction with the bank. Among the common customer incentive programs is the points system. This points system provides for a corresponding points in every transaction one performs with and through the bank such as deposit, payment of bills, purchases and many more. This number of points is redeemable and convertible to any merchandise that corresponds to the total points received.
Thus, online technology has indeed become a vital feature of doing business today. It manifests not only the sensitivity of the company to modernity and present needs of the customers but it also allows unending probabilities for innovation in transactions that greatly benefit the clienteles. These essential features are not yet widely practiced by every business establishment although an overwhelming number of them have already integrated online features to their transactions. The general public values these online features thus it is but worthy to include them in every business marketing strategy.
Unlike the old methods, sending purchase orders have to be done in snail mail with each product being itemized carefully to ensure that the total purchase price does not exceed the available budget, today, one can conveniently send an order with complete details of the items, quantity, and specifications in just one click of a second. The itemization of these order and the determination of their total purchase price can also be done by merely checking the boxes and indicating the quantities of the products in the web page of an online store. In just one blink of an eye, the buyer can immediately see the total amount of his orders. This eliminates the confusions and miscommunication that are very costly and prevalent in the old system of doing business.
Even the sensitive transactions of paying and handling bank accounts can now be done online. Online banking is among the trend of busy entrepreneurs nowadays. This allows them to manage their accounts and check on the payments made in just a few clicks anywhere they are and anytime of the day without going through the long queues at the bank. This online aspect of the bank is among the highly sought banking feature of any prospective bank clientele. Thus, most bank marketing strategies have made it a point to especially include these features of quick and easy management of accounts as among its advantages. These bank marketing schemes also provide for other benefits that accompany the online feature of the business. These additional benefits are in the form of customer incentive programs. These programs are geared to improve the satisfaction of the clienteles during their every transaction with the bank. Among the common customer incentive programs is the points system. This points system provides for a corresponding points in every transaction one performs with and through the bank such as deposit, payment of bills, purchases and many more. This number of points is redeemable and convertible to any merchandise that corresponds to the total points received.
Thus, online technology has indeed become a vital feature of doing business today. It manifests not only the sensitivity of the company to modernity and present needs of the customers but it also allows unending probabilities for innovation in transactions that greatly benefit the clienteles. These essential features are not yet widely practiced by every business establishment although an overwhelming number of them have already integrated online features to their transactions. The general public values these online features thus it is but worthy to include them in every business marketing strategy.
