Skip to main content

Brick & Mortar Store or Online Store?

                                           

                           

Each passing day poses a new question that is applicable to all buyers and traders. There is no doubt that online shopping portals are emerging like monsoon rain but the main question still remains unanswered. How many of them survive the stiff competition?  On the other hand, overflow of online portals slows down footfall in stores as people prefer to purchase from the comforts of their homes or offices (although it is questionable as to how much comfort one can get in an office atmosphere except for the salary at the end of the month).

Brick and Mortar stores these days are facing a different problem as people are not flocking in huge numbers which was a norm till a few years back. Despite the fact that every store has its uniqueness in style, thinking, interiors and products they sell. There was a time in the past when people love to visit these stores to pick their choices by checking them out physically.  Those days customer used to trust their five senses and buy only those items which satisfied all of their senses. But things have changed now.

Online shopping portals have different issues to deal with. At the start, people were apprehensive, about the feasibility and accountability. These days, people do buy online yet there are a small number of doubts floating in the air. Although there are plenty of options that one can find with a click of a mouse but the number of doubts still loom large in the minds of the customers.  The doubts vary from product to product, like – consumable goods get different reactions from the fashion, furniture, and other items. In simple terms, consumers or buyers have used different perceptions for each segment of product in order to buy items from online portals.

Both the selling points are fighting it hard to convince their buyers to buy from them and remain loyal. Worldwide, both these segments hold different appeal in different countries and marketers need to work out different strategies to convince the buyers. 

Comments

Popular posts from this blog

5 𝑰𝒎𝒑𝒐𝒓𝒕𝒂𝒏𝒕 𝒕𝒊𝒑𝒔 𝒇𝒐𝒓 𝑨𝑰 𝒊𝒏 2024:

As we traverse the transformative landscape of Artificial Intelligence (AI) in 2024, both seasoned businessmen and aspiring students must navigate this domain with a strategic and ethical compass. The integration of AI into our daily lives demands a conscientious approach, focusing on transparency, education, adaptability, collaboration, and innovation. In this context, the following insights serve as a guide to not only keep pace with the ever-evolving AI landscape but also to harness its potential responsibly. Let's delve into key considerations that will shape your journey in the dynamic world of AI. Emphasize Ethical Practices : In the ever-expanding landscape of AI, ethical considerations take center stage. Developers and organizations must prioritize transparency, accountability, and fairness in the deployment of AI systems, ensuring responsible use. Prioritize AI Education Investment : Considering the escalating demand for AI professionals, directing efforts toward AI educ...

How do you name a brand?

  Creating and building any brand is not an easy task ( well we all know that).  Among many things that are needed and essential for building a brand one thing is a must i.e. name of the brand. Naming a brand is not an easy task. While naming a brand or any services I have faced a few challenges during my 14 years of career. Hopefully, this article will help companies to come up with a perfect plan and preparation while naming their new products, services, or even a new company. Things to be considered before naming 1) Type of company – There are different segments and types of companies out there in this world. Some companies are aiming to serve the medical profession; some are planning to venture into the hospitality industry, some are eager to be a part of the food delivery system and some organizations are ready to go for travels and tours. Each segment has its own demand and need. You need to be very careful about choosing a word or alphabet before thinking of an...

4 𝒊𝒎𝒑𝒐𝒓𝒕𝒂𝒏𝒕 𝒑𝒐𝒊𝒏𝒕𝒔 𝒐𝒏 𝒘𝒉𝒂𝒕 𝒄𝒐𝒎𝒑𝒂𝒏𝒊𝒆𝒔 𝒔𝒉𝒐𝒖𝒍𝒅 𝒍𝒐𝒐𝒌 𝒇𝒐𝒓 𝒊𝒏 𝒊𝒏𝒕𝒆𝒓𝒏𝒂𝒍 𝒄𝒐𝒎𝒎𝒖𝒏𝒊𝒄𝒂𝒕𝒊𝒐𝒏 𝒊𝒏 2024:

  A collective effort to enhance internal communication practices these points are essential. Effective internal communication is pivotal to organizational success, fostering a harmonious work environment and minimizing the risk of misunderstandings and missed deadlines. To achieve this, we recommend the following initiatives: Streamline Internal Communication Channels: Inefficient communication channels can result in frustration and missed opportunities. It is imperative that we review our existing communication channels, streamline processes, and establish Standard Operating Procedures (SOPs). Teams are encouraged to embrace these changes to ensure a cohesive and efficient communication framework. Asynchronous Video Conferencing: Embracing the trend of asynchronous video conferencing can significantly contribute to time savings and increased productivity. Utilizing platforms such as Zoom, Google Meet, and Microsoft Teams for video calls that can be viewed at a later time allows f...