@Anandvy/@Anna: it is an excellent point and I am convinced that way to sell could help a lot in increasing profit, possible issue is about how to make on-line shop more attractive, especially in the era of mini-screen as per the advent of smartphone for example; you have a limited area, in terms of pixel, for showing your goods and launching promototions and allowing any other buying features.
@Anna, true. Its cheaper to purchase online. There are other advantages of purchasing online like you will get lot of offers from the vendors like (free memory card etc). Moreover you will get different models of products online which is sometimes not available in the stores.
t.alex, A visit to the store gives a potential buyer the opportunity to try out a product but with the mouth watering "online-only" discounts customers are offered, the purchase is made on the web rather than in the store.
Elctrnx, The disadvantages piling up for retailers keep growing as online expands. The cost to a manufacturer is lower, they can better manage inventory, cut down on stocking and remove the mark-up retailers add to their products. They can also give buyers a wider range of offerings.
I once visited Best Buy store and was told the particular color of a camera I wanted to buy as a gift for a friend was available only online. They had two colors of the product available in the store but if you wanted something different you would have to order it online. That's another reason retailers are losing out to online.
Absolutely! However, the trend still indicates more electronic purchases are made online. I couldn't agree more, electronic goods are better sold in the store. Of course expert advices on purchases are sometimes required. Do you think redesign will favour Best Buy? What's your thought?
I often seem to figure out when a review is paid and when it is neutral. I am sure many can do. However, a smart paid review can deceive the best of us. The best way is to read reviews at websites that deal in all products and to corroborate that, ask your friend who has used the product or if you are going for a buy that is significant in terms of cost to you, go to the outlet and take a hands-on review for that.
Barbara, I totally agree with your point about showrooming at outlets and sales at online. Its really becoming a good concept since the doubts about credit card purchasing, after-sales service when online purchasing and realibility of websites, have disappeared. Nevertheless, there is a big part of the world where people arent benefiting from the ecommerce truly as there arent any e-suppliers (atleast reputable) that consumers can rely on. I think best buy, target, etc can all make a great market if they expand their operations to those countries. There shouldnt be any doubts regarding the potential in those markets.
Now a days with most of the sales happenings online it is becoming more and more difficult for the shops selling electronic products. It's not same for clothes, even though online is picking up still the shops are the best place to purchase them.
EBN Dialogue enables and encourages you to participate in live chats with notable leaders and luminaries. Not only editors and journalists, but the entire EBN community is able to comment and ask questions. Listed below are upcoming and archived chats.
Thailand Stages a Comeback Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Microsoft Surface: Potential Winners & Losers What are the implications for the electronics industry supply chain of Microsoft Corp.'s decision to launch its own tablet PC? Join industry veteran and EE Times' systems and OEM expert Rick Merritt on Tuesday, July 3, at 12:00 pm EDT for a Live Chat on this subject.
Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Peter Drucker famously said "Trying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window." Yet in the razor's-edge world of electronics—with a lean supply chain and just-in-time demands—the need to know the future is vital.
While no one really can accurately predict the future, we can take guidance from another Drucker saying which is the best way to predict the future is to create it.
You've heard the saying "the No. 1 supply chain risk is your people." That hasn't always been the case. But today's complex global supply chain requires a new type of multitalented employee. It's one who understands, finance, marketing, economics, is savvy with technology, graceful with relationships and can think analytically.
Where are these people? Are universities properly preparing the next generation supply chain professionals? How do train your existing workforce for these new, demanding positions?
Brian Fuller, editor-in-chief of EBN, will lead a 60-minute Avnet Velocity panel discussion that will ask and answer these and other questions swirling around today's supply-chain talent challenges.