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Analysis of B2C E-commerce Model for Wealth Management and Odin Financial Advisors

Compare and contrast two chosen e-commerce websites in the financial accounting services market in Australia.

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Added on  2023-06-12

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This analysis examines the B2C e-commerce model for Wealth Management and Odin Financial Advisors, evaluating their business goals, attributes, and user experience. Both companies offer financial accounting services directly to consumers through their online platforms. Wealth Management aims to increase brand awareness, promote customer satisfaction, and retain customers, while Odin Financial Advisors focuses on informing, providing transaction platforms, and enabling communication with customers. The analysis rates the attributes of both websites, including their relevance, ease of use, and accessibility. The websites provide relevant organizational information, appropriate user information requirements, and sufficient channels for user service and support. However, they lack personalization and community fostering features, and do not provide a sufficient range of payment and delivery options. The analysis concludes that both websites offer a good source of financial service news, but could improve their user experience by providing more customization and personalization features.

Analysis of B2C E-commerce Model for Wealth Management and Odin Financial Advisors

Compare and contrast two chosen e-commerce websites in the financial accounting services market in Australia.

   Added on 2023-06-12

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BUSINESS MODEL 1
BUSINESS ENTREPRENEUR
Student Name
Class
Instructor
Institution
Date
Analysis of B2C E-commerce Model for Wealth Management and Odin Financial Advisors_1
BUSINESS MODEL 2
B2C BUSINESS MODEL
For this assignment, I have chosen to analyse the B2C e-commerce model. This will involve
analysing retail supply of financial accounting services such as financial advice and income
tax returns provided by two companies: Wealth Management.com and Odin financial
Advisors.
www.wealthmanagement.com
Analysis of B2C E-commerce Model for Wealth Management and Odin Financial Advisors_2
BUSINESS MODEL 3
www.odinfinancial.com
B2C e-commerce models are online platforms that enable transactions to be directly
conducted between the company and consumers (Othman, 2014, p. 1907). They focus more
on customer experience and ensure that the consumers get value for their time and money.
www.wealthmanagement.com is a B2C e-commerce model because it contains features that
enable the business communicate directly with consumers without going through
intermediaries. If a user needs help with his financial management and planning, he can
directly ask wealth management organization.
Similarly, www.odinfinancial.com is a B2C model because it offers financial management
and analytics information. It also allows customers to view transactions histories and other
information that may be crucial (Dave, 2015, p. 35). Also, the site provides the latest
transaction carried by the company.
Analysis of B2C E-commerce Model for Wealth Management and Odin Financial Advisors_3
BUSINESS MODEL 4
Odin Financial advisors provide a range of services which the customer can choose from.
They offer services in auctions and exclusive sale of assets, capital raisings, buy-side and
sell-side mergers and acquisitions, and long-term confidential strategic financial advisory.
Principal business goals at www.wealthmanagement.com
Wealth Management financial advisors would like to increase brand awareness, promote
customer satisfaction and retain customers. When one visits the sites, there is a menu which
provides news, investment, wealth planning, practice management, real estate, technology
and research in various financial fields. The menu serves the role of informing the customers
on the status of operations in these fields. Similarly, the page offers an opportunity for
customers to have the company do their portfolio construction and access ETF model
portfolios.
Principal business goals at www.odinfinancial.com
The principal goals at this website are to inform, provide platforms for transactions and
enable communication with customers. The home page provides customers with alternatives
of; advisory, news, selecting transactions and accessing contacts. Additionally, the customer
gets to view recent transactions and the role played by the company in them.
Attributes of www.wealthmanagement.com
Attribute Rating Comment
How the URL relates to the
business name
5 The URL provides the name of
the business and indicates the
services offered by wealth
management financial advisors.
They help customers to manage
Analysis of B2C E-commerce Model for Wealth Management and Odin Financial Advisors_4

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