The growing endurance of online industry posed a threat to the offline shop sales. In the coming future, it might lead to closure of these business units because of the time saving and luxuries showcased by online websites. Further, I would like to elucidate my viewpoint in the upcoming paragraphs.
To begin with, the prime advantage of online shopping is the variety these shoppers’ offers on their website coupled up with free delivery to induce customers to make more transactions. Another benefit is the convenience of shopping without spending additional time in queue and comparing the best products from different websites. There are several successful ventures such as Amazon, Flipkart, Snapdeal etc provide same product at different price. So, one can deduct easily by exploring their pages. Additionally, they provide lucrative offers on festivals such as Big billion days on Diwali by selling products at discounted price with surprise gifts.
The traditional shops lost business in the recent times because of the online shopping trend followed by consumers. The main reason for this downturn is the lack of up gradation by these people. They work as per their ancestors’ theory for 100 years and earn the revenue on the basis of brand equity established by their forefathers. Moreover, they do not apprehend the customer psychology and impose their thinking by following the product concept from marketing.
In conclusion, I would like to expend by saying that the continuing trend might lead to the shutdown of these businesses until they uplift their promotional and pricing efforts to convert their suspects into prospect customers.
The growing endurance of
online
industry posed a threat to the offline shop sales. In the coming future, it might lead to closure of these business units
because
of the time saving and luxuries showcased by
online
websites.
Further
, I would like to elucidate my viewpoint in the upcoming paragraphs.
To
begin
with, the prime advantage of
online
shopping is the variety these shoppers’ offers on their website coupled up with free delivery to induce customers to
make
more transactions. Another benefit is the convenience of shopping without spending additional time in queue and comparing the best
products
from
different
websites. There are several successful ventures such as Amazon, Flipkart,
Snapdeal
etc provide same
product
at
different
price.
So
, one can deduct
easily
by exploring their pages.
Additionally
, they provide lucrative offers on festivals such as
Big
billion days on Diwali by selling
products
at discounted price with surprise gifts.
The traditional shops lost business in the recent times
because
of the
online
shopping trend followed by consumers. The main reason for this downturn is the lack of up gradation by these
people
. They work as per their ancestors’ theory for 100 years and earn the revenue on the basis of brand equity established by their forefathers.
Moreover
, they do not apprehend the customer psychology and impose their thinking by following the
product
concept from marketing.
In conclusion
, I would like to expend by saying that the continuing trend might lead to the shutdown of these businesses until they uplift their promotional and pricing efforts to convert their suspects into prospect customers.