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How Online Selling is Thriving in the New Normal?
The growth of many e-commerce platforms is the effect of the transition from traditional shopping channels to online platforms during quarantine. The coronavirus disease 2019 (COVID-19) pandemic has caused the rise and fall of several industries worldwide. Even though e-commerce platforms have long been on the rise, the process was fast-tracked when quarantine guidelines were put into place. With the absence of traditional shopping channels, customers have flocked to e-commerce platforms to secure purchases and transactions. Many stores and restaurants have also transitioned online to serve their target market.
RELATED: Millennial’s Income Opportunity in Online Selling
What is Online Selling?
At its core, electronic commerce or e-commerce is simply the buying and selling of goods and services using the internet, when shopping online. However, the term is often used to describe all of a seller’s efforts, when selling products directly to consumers. It starts when a potential customer learns about a product and continues through purchase, use, and, ideally, ongoing customer loyalty. Most people think of e-commerce as selling or purchasing a physical product online. But e-commerce also includes the sale and purchase of non-physical goods, such as services and digital products. It’s when a business sells online.
What’s Good About Online Selling?
While there are many ways to sell to consumers over the internet, the main advantage of online selling is you can sell to consumers anywhere, anytime. It doesn’t matter if they’re sitting at home on the couch, on their lunch break at work, or even using your app in a physical store they can complete a purchase online.
Advantage and Disadvantage of Online Selling
- No Limit to Geographical Boundaries
Selling online increases one’s reach. With a shift to online, there is no limit to how many people are actually visiting your store physically. In today’s date and time, when a customer thinks of shopping, they first prefer searching it online.
- No Closing Time
With an online store, you really do not have a close-down time. your store is 24/7 visible to as many customers as would want to come it. Also, all of this is possible within the comfort of their laptops and desktops, over the sofas in their leisure attire.
- Omnichannel Advantage
You are a business owner. You have a physical store. Now you have decided to switch online. But wait! Why not do both. An eCommerce website is a multichannel platform that drives a customer from any pathway chosen. Here, one can visit a physical store and yet buy online or browse to social media and make their purchase. Also, the ongoing trend of third-party sources to sell your products is on the rise.
- You Know Your Audience
The one major difference between a physical and online store is that you know who your audience is. Physical store visits don’t give one the freedom to collect the personal details of a customer. however, through an eCommerce website, one can get the complete details of an online shopper, along with its name, age, contact number, email address, and residence address.
- Well Managed Store
An eCommerce business paves the way for faster and easier store management. Since everything is automated, as a business owner, one need not worry about billing, invoices, shipping details, etc. You are also aware of the number of products sold, the number of products available, handling of stock inventory, order fulfillment procedures, real-time tracking, up-to-date shipment, and so on.
DISADVANTAGES
- No Room for Trial and Error
Users who shop online are virtually seeing your product. They have a pictorial representation of the product will look; however, they do not know if they will receive the same or not. While some companies are true to their display, some mistake and fool their customers. This paves the way for negative reviews, eventually losing a customer’s trust in online selling.
- Rise in Competition
eCommerce is global and any consumer from any part of the world can buy from any seller of their choice. This means that the competition with the eCommerce industry is not just engaging consumers, rather staying ahead of other sellers as well.
- No Personal Shopper Assistant
While online selling definitely has been a boon because of the ease and convenience of shopping, one thing that it lacks is a personal shopper assistant. Physical stores have a salesperson that guides and advises the customers of what kind of product is available based on their needs and demands. However, online stores do not have the same pathway to purchase.
- Lack Customer Loyalty
Another major disadvantage of online selling is that a certain population still lacks confidence while shopping online. The major reason is online payment methods and the transfer of personal information. Since everything is internet-based, remote shoppers face network issues. This paves the way for failed purchase transactions, the amount debited yet not received by the seller or payment stuck halfway through. Also, there is a chance for misuse of personal information.
- Delay in Delivery
Every eCommerce seller needs an effective shipping solution. Without this, a delay in delivery backfires customer satisfaction. Moreover, along with the delivery time and date, handling the product without any damage is the key. If the customer fails to receive what they have demanded, they are dissatisfied.
Benefits of Online Shopping
- Convenience.
Convenience is the biggest perk. Where else can you comfortably shop at midnight while in your pajamas? There are no lines to wait in or cashiers to track down to help you with your purchases, and you can do your shopping in minutes. Online shops give us the opportunity to shop 24/7, and also reward us with a ‘no pollution’ shopping experience. There is no better place to buy informational products like e-books, which are available to you instantly, as soon as the payment goes through. Downloadable items purchased online eliminate the need for any kind of physical material at all, as well, which helps the environment!
- Better prices.
Cheap deals and better prices are available online because products come to you direct from the manufacturer or seller without involving middlemen. Plus, it’s easier to compare prices and find a better deal. Many online sites offer discount coupons and rebates, as well. Not only is the price better, but you can save on tax as well since online shops are only required to collect a sales tax if they have a physical location in your state. Factor in the saved expense of gas and parking and you have saved yourself a lot of money!
- More variety .
The choices online are amazing. You can find almost any brand or item you’re looking for. You can get in on the latest international trends without spending money on airfare. You can shop from retailers in other parts of the state, country, or even world instead of being limited to your own geography. A far greater selection of colors and sizes than you will find locally are at your disposal. Plus, the stock is much more plentiful, so you’ll always be able to find your size and color. Some online shops even accept orders for out-of-stock items and ship them when they come in.
- You can send gifts more easily.
Sending gifts to relatives and friends is easy, no matter where they are. All the packaging and shipping are done for you. Oftentimes, they’ll even gift wrap it for you! Now, there is no need to make distance an excuse for not sending a gift on occasions like birthdays, weddings, anniversaries, Valentine’s Day, Mother’s Day, Father’s Day, and so forth.
- More control.
Many times, when we opt for conventional shopping, we tend to spend a lot more than planned and end up buying items that aren’t exactly what we wanted (but we can’t find anything better in the store). Online, you don’t have to let the store’s inventory dictate what you buy, and you can get exactly what you want and need.
- Easy price comparisons.
Comparing and researching products and their prices is so much easier online. If you’re shopping for appliances, for example, you can find consumer reviews and product comparisons for all the options on the market, with links to the best prices. We can research firsthand experience, ratings, and reviews for most products and retailers.
If you are like me, you hate crowds when you’re shopping. Especially during holidays, festivals, or on weekends, they can be such a huge headache. Also, being crushed in the crowds of shoppers sometimes makes us feel rushed or hurried. You don’t have to battle for a parking place. All of these problems can be avoided when you shop online.
- No pressure.
Oftentimes when we’re out shopping, we end up buying things that we don’t really need, all because shopkeepers pressure us or use their selling skills to compel us to make these purchases.
- You can buy used or damaged items at lower prices.
The marketplace on the Internet gives us access to listings of old or damaged items at rock bottom prices. Also, if we want to buy antiques, there’s no better place to find great ones.
- Discreet purchases are easier.
Some things are better done in the privacy of your home. Online shops are best for discreet purchases for things like adult toys, sexy lingerie, and so on. This enables me to purchase undergarments and lingerie without embarrassment or any paranoia that there are people watching or judging me.
Even though various e-commerce platforms were established pre-pandemic, its identity strengthened since the start of quarantine. The pandemic has caused many businesses to transition online to cater to their customers. Many restaurants have also moved towards delivery services to serve their target market.
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Transformation of Personal Selling During and After the COVID-19 Pandemic
- First Online: 01 July 2022
Cite this chapter
- Soo Yeong Ewe ORCID: orcid.org/0000-0002-2106-5861 4 &
- Helen Hui Ping Ho ORCID: orcid.org/0000-0002-0611-3706 4
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The personal selling process (PSP) has experienced dramatic changes due to the COVID-19 pandemic, including the transition from face-to-face presentations to online presentations and from paperwork to e-processes, and from the delivery of printed product materials to the provision of softcopies. Sudden changes to the PSP have affected salespeople differently and how salespeople have transformed themselves to cope with the challenges is the main concern of this chapter. After analyzing changes to the PSP due to changes in Malaysia's external environment, we propose a personal selling transformation framework to assist salespeople to cope with the “new normal” way of conducting business. The proposed framework aims to help salespeople overcome sales challenges posed by the COVID-19 pandemic, and it suggests that salespeople should develop a long-term strategy to achieve better work performance after the end of the pandemic. The framework consists of four interconnected components: psychological capital, learning orientation, work process, and the use of technology. The effectiveness in enacting one component may influence the effectiveness of the others, thus, an integrated approach to effectuate these components may produce an overall positive impact on the performance of salespeople during and after the pandemic. The conceptual framework contributes to the extant literature by extending the socio-technical model of sales force change from an organizational level to an individual level. The framework also focuses on the B2C rather than B2B context. In particular, the framework highlights the importance of hope, efficacy, resilience, and optimism (HERO) in psychological capital, learning orientation, a hybrid work process, and the use of appropriate technology to enhance job performance. The implications of the framework are also discussed in this chapter.
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Sales Management Just Got Brighter and More Resilient during Covid-19: An Abstract
The Future of Enablement
Managing the sales transformation process in B2B: between human and digital
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Ewe, S.Y., Ho, H.H.P. (2022). Transformation of Personal Selling During and After the COVID-19 Pandemic. In: Kwok, A.O.J., Watabe, M., Koh, S.G. (eds) COVID-19 and the Evolving Business Environment in Asia. Springer, Singapore. https://doi.org/10.1007/978-981-19-2749-2_13
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My opinion about online selling. For me, online selling is a beneficial strategy that drives people's lives much more accessible. It is flexible, which can be done through their homes and limits ourselves on going out, and it is very beneficial in our situation right now. Also, we can do it anytime we want to since it is just one tap on our ...
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Online selling refers to the practice of selling products or services over the internet. It has become increasingly popular due to the convenience and accessibility it offers to both buyers and sellers. Here are some key points to consider: 1. Global Reach: Online selling allows businesses to reach a wider audience beyond their local market.
This statement is a thesis statement in an outline because it summarizes the main argument or focus of the essay, centered on becoming an online retailer. Explanation: The statement 'Learning how to become an online retailer is as simple as knowing what to sell and where to sell it' is an example of a thesis statement in an outline. Broadly, an ...
E-commerce, also known as electronic commerce, is the buying and selling of goods (or services) electronically on the internet. It can also refer to other online activities like online auctions, ticketing and banking. E-commerce is an essential part of many businesses that rely on the sale of physical products or services online.
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With minimum overheads, such as paying for the hosting of your website and running some online ads, you can sell products online and build a profitable business in just a few months. And it's not some kind of fantasy. There are real success stories to prove it. 3. You can make money 24/7.
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ONLINE SELLING "Online selling" refers to the practice of selling goods or services over the internet.It involves setting up an online store or using online platforms such as e-commerce websites, social media platforms, or online marketplaces to showcase products or services to potential customers. Customers can then browse through the offerings, make purchases, and complete transactions ...
The growth of many e-commerce platforms is the effect of the transition from traditional shopping channels to online platforms during quarantine. The coronavirus disease 2019 (COVID-19) pandemic has caused the rise and fall of several industries worldwide. Even though e-commerce platforms have long been on the rise, the process was fast-tracked ...
pasagot po kailangan essay pls po brainliest kita pag nagawa mo promise po ... Advertisement Advertisement pandow57 pandow57 Answer: i choose online selling business because it will help me to help my family with house expenses and it can help me to help my education and my siblings education and it will help us to improve our lives ...
Get your custom essay on. We start to display our products at the bench of TCMC at 9 am on October 8, the first day of our selling activities, We were able to borrow a table from school. The first day of selling doesn't go well, we were only able top generate a profit of less than seventy pesos because we also have competitors from other groups ...
ONLINE SELLING I. Panimula Sa panahon ngayon, ang pagtitinda online ay naging pamantayan at ang mga mamimili ay tinatangkilik ito dahil sa marami nitong pakinabang. Sa pananaw ng mga mamimili ang pagbili sa online ay nagbibigay ng mababa at nasa tamang presyo, iba't-ibang produkto at serbisyo, at isang mas maginhawang kahalili ng tradisyunal na pamimili.
One part of that change involves the selling of goods to foreign businesses outside the country. The Value Added Tax (VAT), under the Comprehensive Tax Reform Package or RA 8424 — the Tax Reform ...
Before the COVID-19 pandemic, personal selling emphasized the personal touch; the use of technology, although enabling, was minimal. However, the arrival and spread of the pandemic has dramatically changed personal selling in the financial services industry from face-to-face interaction with customers, to increasing operational digitalization and online connectivity.
Ikaw ay may online selling shop,paano mo hihikayating tangkilikin ang iyong mga produkto? - 12403878
A brief essay on e-commerce. The purchasing and selling of goods and services, or the sending of money or data, over an electronic network, typically the internet, is referred to as e-commerce (or electronic commerce). These commercial exchanges might be either B2B (business-to-business), B2C (business-to-consumer), C2C (consumer-to-consumer ...
Step 2: Pitch your completed personal narrative. Start with the first publication on your list of target magazines and hit Google with the publication's name and the term "submission guidelines.". The publication's guidelines may include submission info. Other sites, like MediaBistro and Freelance Success, sometimes disclose editor ...
Answer: online learning is probably part of the new normal, learning is a thing for a long time now. However, over the course of the year, they have become more comfortable with the use of technology. The pandemic has underscored the significance of digitisation across the country. Online learning is a thing now that most students find a more ...
Search engines selling search rankings can be concerning as it may compromise the integrity of search results by prioritizing paid content over relevance and quality. 2. This practice could potentially mislead users by promoting content based on financial incentives rather than the information's credibility or usefulness.
report flag outlined. Introduction. a) Introduce a topic. b) State a thesis. II. Body. Paragraph-1. a) Write a topic sentence (the argument for your thesis) b) Support this argument: data, facts, examples. c) Explain how they relate to your thesis. III. Body. Paragraph-2.