Social Evolution
Home » Additional Income » Social EvolutionThere are four important areas in the process of evolving from a business into an e-business. These four stages are collectively known as the e-business cycle. There isn't a pre-defined order to the cycle. A successful e-business can start at any point. However, the first step is identifying which of the core business processes are most suitable for, or most in need of, conversion to e-business.
| E-business Cycle |
| Leverage Leverage knowledge and information gained through e-business systems to speed new offerings to market |
Transform Transform core business processes to improve efficiency |
| Run Run a scalable, available, safe environment |
Build Build flexible, expandable e-business applications |
Customers are the key ingredients of success and the best place to start conversion to e-business is with customer relationship management.
Customers are the basis of any business and by developing a loyal customer base and by improving customer interactions and internal business processes then a loyal customer base will be developed.
To improve customer interactions and internal business processes you need to look at individual processes that contribute to the overall customer experience. These include Customer Relationship Management.
E-business leverages the Internet to integrate and transform these processes into a single efficient system.
It is "building customer loyalty through better customer service" and it involves supporting, developing and retaining profitable customers.
By giving customers controlled access to data they need you can provide quality self-service for customers and not only manage your relationship with customer but give them ability to manage their relationship with you.
As a place for direct retail shopping, with its 24-hour availability, a global reach, the ability to interact and provide custom information and ordering, and multimedia prospects, the Web is rapidly becoming a multibillion dollar source of revenue for the world's businesses.
Growth of e-commerce
The business -to -consumer market was estimated by International Data Corporation ("IDC") to have been $15 billion in goods and services in 1998, IDC projects that the B2B e-commerce market will grow from $35 billion in goods and services in 1998 to over $1.1 trillion by 2003.The benefits povided by e-commerce has contributed significantly to its growth. Improving both the customer and supplier realtionships as well as increasing efficiency and reducing cost.
Improving Customer and Supplier Relationships
Customer and supplier relationships in a traditional business would be hindered by the time and cost required to communicate
current information, locating new customers and suppliers and maintaining existing realtionships. E-business can make it easier to attract new customers and suppliers and increase Return on investment.
Increase Efficiency and Reduce Cost
This is done through the automation of business critical processes. Increasing the operational efficiency and reducing the time,
cost and resources required to transact business.
Bringing your E-Business Together
Want to build a billion-dollar business?
Think big. Think exponentially--shoot for 200 percent growth vs. 20 percent.
Do the unconventional. No one ever became a billionaire doing what "everyone else" is doing.
Believe in yourself and your idea. If you're unwavering in your belief, you'll infect all those around you.
Share your vision. Tell everyone what you plan to accomplish. Some will help.
Execute. Get off the couch. Great ideas are a dime a dozen.
Focus. Do one thing extremely well. Multitasking is multistupid.
Never give up. Every successful person achieved that status after plowing through tough times and failures.
Fill out the Next Step form and I will provide you with additional information about the opportunity that is truly shaping my life and allowing me the freedom to live out my dreams without all of the headaches and costs of traditional business.
Success in business and in life is up to YOU… Take a chance. Make it happen.
Please feel free to contact me anytime. My team and I are here to assist you in any way we can with your Business Decision!
To Your Abundant Success and Happiness!
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