B2C- E-tailing Flashcards
Characteristics of successful e-tailing? (5)
- High brand recognition
- Digitized format
- Relatively inexpensive items
- Frequently purchased
- Commondities with standard specification
Advantages of successful e-tailing for sellers (4)
Lower product costs
Market outside vendors region
Quick respond to market
Small business compete with larger
Advantages of successful e-tailing for buyers (4)
Compare product and prices
Overcome time/space contraits
Delivery
Group buying
Direct marketing
Marketing that takes place without intermediaries between sellers and buyers
Pure-play e-tailers
Firms that sell directly to consumers over the internet without maintaining a physical sales channel
Click-and-mortar
Retailers that offer transactional website from which to conduct business
Multichannel business model: physical and online
Internet online malls
Referring directories
Shared services like malls that help arrange payment and shipment etc
They also have online group buying like personalized shopping events, wedding etc. Memberclubs, group gifting online, location-based-e-commerce, shopping in virtual worlds (automobile)
Groupon benefits for customers
Discounts Discover new products "Side" deals offers pga group Personalized deals Learn more about vendor in region Can tell friends family
Groupon benefits for merchants:
Can sell large quantities
Save money on ads
Repeat customers
Lower customer acqusition cost
Issues in E-tailing?
Disintermediation: the removal of organizations process layer responsible for certain intermediary steps in a given supply chain
Disintermediation
he removal of organizations process layer responsible for certain intermediary steps in a given supply chain
Reintermediation
The process whereby intermediaries (either new ones or those that had been disintermediated) take on new intermediary roles
Issue: Channel conflict? Cannibalization:
Situation in which a online marketing channel upsets the traditional channels due to reals or perceived damage from competition
3 less important but issues in e-tailing
- Speak with one voice: extension of the experience in traditional transaction
- Leverage multichannels: amazon pickup stores
- Empower customers: 24/7 channel for customer service