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MKT 211.pptx

  1. Welcome to the presentation of Group F1 Course code: MKT 211 Course Title: Principles of Marketing
  2. Abidul Muhaimin Alvi 1703004
  3. Experience and Expectation on Online selling
  4. Abstract Subject Buying and selling online Purpose Analysing online market Basic methodology Quantitiative research Findings Sellers are more interested in online selling 01 03 02 04
  5. Introduction Online market Virtual marketplace that connects sellers with buyers Seller’s motivation To make the most profit by delivering the best value Advantages of selling online Less hassle and more convinience
  6. Arifa Islam Oishe 1803101
  7. Research Aim and Objective Gathering data Assessing the reason for sellers to sell online Concluding with proper analysis Analysing data Research Aim Objective Objective Objective
  8. Research questions 1 What are the demographic of the sellers that are conducting online business? 2 What are the opinions of online sellers regarding online business? 3 Why are they considering online business as legit business platform? 4 How convenient is online platform for online sellers?
  9. Md Ahsan Kabir Jim 1803100
  10. Methodlogy Quantitative research Use of statistical data Primary data Gathered through first hand interview Participants 35 Online business operator Likert Scale Ranging from 1 to 5 to express responses
  11. Shimanto Shougot Tanim 1803103
  12. Reasons for Using Online Platforms for Business Increase of Reach No Distribution Cost No inter mediaries Reach to exact target group Strongly Agree 52 49 45 54 Agree 34 26 46 37 Neutral 14 11 9 9 Disagree 0 11 0 0 Strongly Disagree 0 3 0 0 52 49 45 54 34 26 46 37 14 11 9 9 0 11 0 0 0 3 0 0 0 10 20 30 40 50 60 Strongly Agree Agree Neutral Disagree Strongly Disagree
  13. No office or shop rent Customer demand it More safety than more safety than local/offline marketing Easy to start Prompt Communication Strongly Agree 82 34 43 57 66 Agree 9 49 26 34 8 Neutral 0 14 26 3 20 Disagree 0 3 5 6 0 Strongly Disagree 9 0 0 0 6 82 34 43 57 66 9 49 26 34 8 0 14 26 3 20 0 3 5 6 0 9 0 0 0 6 0 10 20 30 40 50 60 70 80 90 Strongly Agree Agree Neutral Disagree Strongly Disagree Reasons for Using Online Platforms for Business (Continued)
  14. Reasons for Using Online Platforms for Business (Continued) Easy to conduct Low capital Market trend shift to online Social Interaction Two way communication Strongly Agree 60 43 68 54 63 Agree 20 31 29 37 26 Neutral 11 17 0 6 11 Disagree 6 6 0 0 0 Strongly Disagree 3 3 3 3 0 0 10 20 30 40 50 60 70 80 Strongly Agree Agree Neutral Disagree Strongly Disagree
  15. Md. Shihab Uddin 1803102 Experience and Expectation on Online selling
  16. The challenges of conducting businesses online Get more conversions than traditional marketplace Delivery depends on curier Trust of consumer is high Payment policy Security on product delivery and payment Neutral 17 11 11 11 17 Agree 17 22 28 25 37 Strongly agree 66 67 61 64 46 17 11 11 11 17 17 22 28 25 37 66 67 61 64 46 0 10 20 30 40 50 60 70 80 Neutral Agree Strongly agree
  17. The challenges of conducting businesses online (Continued) The return of the goods is high Low internet access Overall challenges are high Trademark and copyright are not maintain properly Negative review is a problem Neutral 14 25 8 5 11 Agree 11 20 25 25 22 Strongly agree 75 55 67 70 67 14 25 8 5 11 11 20 25 25 22 75 55 67 70 67 0 10 20 30 40 50 60 70 80 Neutral Agree Strongly agree
  18. Important elements for Online Business Having a blog Social media presence Consumer review Online advertisement Online live Engage in affiliate marketing Neutral 14 5 20 2 9 11 Agree 40 14 28 35 31 37 Strongly Agree 46 81 52 63 60 52 14 5 20 2 9 11 40 14 28 35 31 37 46 81 52 63 60 52 0 10 20 30 40 50 60 70 80 90 Neutral Agree Strongly Agree
  19. Rahat Bin Mustafiz 1703015
  20. Economic Satisfaction I was satisfied with the margin (margin) The volume of sale (revenue) Price (price) Input cost Labour+ Transport cost Cost Management Strongly Agree 40 37 34 31 51 31 Agree 40 34 54 46 37 31 Neutral 17 23 12 17 6 29 Disagree 3 3 0 3 6 3 Strongly Disagree 0 3 0 3 0 6 40 37 34 31 51 31 40 34 54 46 37 31 17 23 12 17 6 29 3 3 0 3 6 3 0 3 0 3 0 6 0 10 20 30 40 50 60 Strongly Agree Agree Neutral Disagree Strongly Disagree
  21. Non-Economic Satisfaction (Selling Policy) Clarity of technical and commercial parameters in order Prompt response to query Order processing system Strongly Agree 34 51 34 Agree 43 37 54 Neutral 20 6 9 Disagree 3 6 3 Strongly Disagree 0 0 0 34 51 34 43 37 54 20 6 9 3 6 3 0 0 0 0 10 20 30 40 50 60 Strongly Agree Agree Neutral Disagree Strongly Disagree
  22. Non-Economic Satisfaction (Time schedule) Order receive time Order processing time Delivery time Strongly Agree 52 40 51 Agree 34 54 37 Neutral 14 6 6 Disagree 0 0 6 Strongly Disagree 0 0 0 52 40 51 34 54 37 14 6 6 0 0 6 0 0 0 0 10 20 30 40 50 60 Strongly Agree Agree Neutral Disagree Strongly Disagree
  23. Non-Economic Satisfaction (Payment Policy) Timely payment Convenience in payment scheme Documentation in billing process Strongly Agree 57 37 26 Agree 37 43 60 Neutral 3 6 11 Disagree 0 3 3 Strongly Disagree 3 11 0 57 37 26 37 43 60 3 6 11 0 3 3 3 11 0 0 10 20 30 40 50 60 70 Strongly Agree Agree Neutral Disagree Strongly Disagree
  24. Non-Economic Satisfaction (Co-ordination policy) Fairness in dealing with customer Favourable relationship Rejection of sold product Sharing information Feel secure to dealing with consumer Strongly Agree 34 51 31 17 26 Agree 49 29 31 34 34 Neutral 14 20 17 26 40 Disagree 3 0 12 14 0 Strongly Disagree 0 0 9 9 0 34 51 31 17 26 49 29 31 34 34 14 20 17 26 40 3 0 12 14 0 0 0 9 9 0 0 10 20 30 40 50 60 Strongly Agree Agree Neutral Disagree Strongly Disagree
  25. Md. Foysal Hossain Jihad 1703020
  26. Continuation The future of online business is bright I expect to continue the business in the long run Strongly Agree 100 100 Strongly Disagree 0 0 100 100 0 20 40 60 80 100 120 Strongly Agree Strongly Disagree
  27. Conclusion  Online sellers prefer selling their products on the online platform because of multiple factors combined. Such as-  Non-requirement of a physical store.  Getting instant business statistics through online transaction record.  Higher capacity to please customers.  Simplicity and hassle-free experience of online selling are motivating sellers to sell online.
  28. Thank You
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