GLOBAL E-BUSINESS1 Contents Introduction................................................................................................................................2 Findings and Analysis................................................................................................................2 Amazon UK Customer Journey..............................................................................................3 e-Bay UK Customer Journey..................................................................................................5 Theories of E-commerce........................................................................................................6 Conclusion..................................................................................................................................6 References..................................................................................................................................8
GLOBAL E-BUSINESS2 Introduction E-commerce business is the type of business which involves online trading of goods. There is high growth and demand observed for this type of business. Customers are also more attracted to this type of business because it is also easy for them to find their required product. A customer journey model has also been developed by experts that show the journey of customers while and after buying the product. In this report, the customer journey of two e-commerce business i.e. Amazon UK and eBay UK will be discussed. Theories of e- commerce businesses that will support these two businesses will also be presented. Findings and Analysis Amazon UK and eBay UK both the companies are involved in e-commerce business. They are providing customers’ the facility to shop online from their websites. Both the companies are updating features of their website so that customers can have the best experience. Both the companies are different in terms of pricing, strategy, and features. The biggest difference between both the companies is the implication of business model. eBay UK is considered as a business which is involved in auction sale. This company acts as a bridge between third party buyers and sellers. Buyers can visit company’s website and they can search for their required products. They can also bid on the items through individual auctions whereas Amazon UK is directly involved in buying and selling of products. Amazon also has its own warehouse. For some products, amazon is also dependent on third-party sellers. But majority of products are delivered to its customers by the company itself. The main component for every business is its customers. Customers of e-commerce have to undergo through a process called “Customer journey”. The customer journey identifies stages of the customer before and after buying products from online websites. Generally, there are
GLOBAL E-BUSINESS3 five stages that are involved in this process such as a) Awareness b) Consideration c) Conversion d) Retention and e) Advocacy(Siddiqua, 2017). Every individual buys product because there is a requirement for that product. For that also customercompletesajourneyknownas“customerjourneymodels(formarketing campaigns”). This journey has different stages such as, need; Search (SEO); Landing; Search (internal); Evaluate; Order and Post Purchase. This model is also classified into two categories such as one useful customer journey model and Multi-channel customer journey model. Amazon UK Customer Journey Amazon UK has already become the number one brand of the e-commerce industry. Therefore,theexpectationsofitscustomershavealsoincreasedfromthecompany. Customers are expecting that the company will provide the products at a reasonable price and there would be an easy and hassle-free returns procedure. Amazon customer journey involves the following steps: 1.Considered Since Amazon has already become the number one brand on which people can trust easily. Therefore,Amazonisconsideredtobeawebsitefromwhichcustomerscanaccess information about their required products. Amazon also believes in showing their customers thattheyarehighlycommittedinbuildingpositiveresponse.Thecompanyisalso considering customers as its priority. Customers can also see a geo-specific version of the company’s website. Taping the search button will be starting of the customer journey. There are also different types of search options that are available on the website(Hong, 21015). 2.Evaluated
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
GLOBAL E-BUSINESS4 The website of amazon is developed in such a way that it will evaluate the search of the customer according to their preference. Descriptions of products are also clearly mentioned on the website. Reviews of products are also available on the website so that customers can easily decide whether to buy the product or not. Customers can also access a website anywhere and anytime. The self-contained ecosystem is the process through which a website can easily anticipate what customers are looking for. And Amazon really excels in this field (Hong, 21015). 3.Purchased After passing through all the stages of customer journey purchasing of the product is the most important step. If customers made their mind to buy a product amazon will only take a few moments in processing and customer can buy products within seconds.Amazon is also creating loyalty among customers and they are also celebrating different festivals this can also attract the minds of consumers(Hong, 21015). 4.Retention Retention is the stage that is considered after buying the product. Retention means buying the same product again and again. This stage occurs when the customer has built trust over the company. Amazon is considering this stage as it has built trust among consumers.Amazon has added a special feature by which it can easily understand the requirement of consumers (amazon services, 2020). 5.Advocacy Advocacy is also the stage that occurs after buying the product. In this stage, satisfied customers will recommend the same product to others. Amazon has added a feature in which consumers can write a review about the product and after delivery of the product also amazon
GLOBAL E-BUSINESS5 asks for a rating of the product this will provide company idea consumers choice(amazon services, 2020). According to Amazon, the consumer journey will help the company in maintaining the target customers’ effectively. For example, if company launches any new product then they should also spend some money on creating awareness about that product. But if there is a case where customer reaches to retention stage then the company should start focusing on Turning customers into advocates(amazon services, 2020). e-Bay UK Customer Journey e-Bay UK is planning to boost the experience of customers and therefore the company is launching some of the new features in their website. This will help the company in attracting customers and a better experience will be provided to them. e-Bay has partly changed their website for new users but existing customers of the company are finding it difficult to adapt to the changes. The changes which the company has implemented in their website are: the company is developing its own catalogue this will be developed with the help of sellers so that they can directly contribute to the description of the product. The company is also using data services which will result in the reduction of friction in selling and it will also improve pricing recommendations. E-bay is also changing its payment feature this will also help customers in easy payments. It will also reduce the cost of the seller(Dignan , 2018). e-Bay is also following all those steps which are mentioned in the customer journey. The company is also updating its website and including new features. But there is some difference between both the companies. The main difference is of Business Model. Both companies are using different business models as Amazon is involved in direct selling whereas e-Bay is involved in third party selling(Krishnamurthy, 2004).
GLOBAL E-BUSINESS6 Theories of E-commerce The journey of customer is developed with the concept of e-commerce theories. There are different types of theories such as transaction cost theory, marketing, diffusion, information retrieval, and strategic networking. All these theories suggest that e-commerce companies should update their website features so that consumers can have good experience. Stages of the consumer journey are influenced by these theories because theseare setting the base for e-commerce industries. These theories are directly related to consumer journey as it shows different features which are related to the consumer. Because while and after buying the product online consumers passes through different stages and these stages provide them with different kinds of experience(Hakes, 2017). Conclusion E-commerce is one of the new business trends. In this report, there are two e-commerce businesses shown which are dealing in B2C and they both are from the same retail business. Consumers are also highly dependent on the e-commerce sector. They are trusting e- commerce websites. E-commerce companies are also providing product descriptions so that the customer can buy products with ease. E-commerce companies are also having their own warehouse so that they can provide products directly to consumers. While consumers are involving in buying products online they are passing through a consumerjourneythatinvolvesdifferentstages.Thesestagesshowthebehaviorof consumers at each stage. To improve the experience of consumers companies are enhancing features of websites. Companies want to attract a high number of customers if they provide quality service to their existing and new consumers. This consumer journey s developed on the basis of e-commerce theories. E-commerce theories describe essential for companies and their consumers. It also sets a base through which a company can achieve a competitive
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
GLOBAL E-BUSINESS7 advantage in the market. So, companies are trying to improve their website and add additional features so that they can know the experience of customers. This will help them to improve their performance.
GLOBAL E-BUSINESS8 References amazon services. (2020).Understand your customer's journey. Retrieved 02 27, 2020, from amazonservices: https://services.amazon.com/fulfillment-by-amazon/grow-with-fba/customer- journey.html Dignan , L. (2018, 10 31).Here's eBay's 5-point plan to boost growth, improve customer experience. Retrieved 02 27, 2020, from ZDNet: https://www.zdnet.com/article/heres- ebays-5-point-plan-to-boost-growth-improve-customer-experience/ Hakes, T. (2017, 11 30).Rethinking the Customer Journey: How Ecommerce Companies Can Take Control of the Full Customer Experience. Retrieved 02 27, 2020, from elumynt: https://elumynt.com/rethinking-customer-journey-ecommerce-companies-can-take- control-full-customer-experience/ Hong, P. (21015, 05 21).The Amazon Customer Journey: Leading The Way For Consumer- CentricEcommerce.Retrieved0227,2020,fromLinkdex: https://www.linkdex.com/en-us/inked/amazon-customer-journey/ Krishnamurthy, S. (2004).A Comparative Analysis of eBay and Amazon.USA: Idea Group Inc. Siddiqua, M. (2017, 12 13).Typical Stages of a Consumer Journey in e-Commerce. Retrieved 02 27, 2020, from arpatech: https://www.arpatech.com/blog/typical-stages-consumer- journey-e-commerce/