Role Of Internet In Business

Some Basic Question & Answer on this Topic:

What is internet: The Internet is the global system of interconnected computer networks that use the Internet protocol suite to link billions of devices worldwide.

What is business :The activity of making, buying, or selling goods or providing services in exchange for money is called Business.

Basically today’s whole world is depending on the internet. From Home to School, Road To Playground, Restaurant To Business Office every where internet is using as a core function.

How Do Businesses Use the Internet?

More than 1.8 billion people worldwide use the Internet in some way, shape or form their business. There are may ways to use Internet in Business.

1. Buy and Sell.2. Research Competition.3. Checking Customer Interest.4. Advertising.5. Online Shopping.6. Online Services. 7. Online Banking.

1.Buy and Sell:One of the basic uses of the Internet for businesses is to sell products and services. Businesses create E-commerce websites to sell anything from cell phone contracts to books and CDs.

2.Research Competition:Some businesses use the Internet to research competitors. For instance, Hoovers.com allows searches for detailed information on businesses across the country. An Internet search on a competing company results in articles and news stories about the competition that may help a business owner prepare for changes in the industry.

3.Checking Customer Interest:Business owners use the Internet to monitor customer purchasing trends and interests. To discover what everyday people think about a particular product or service, business owners can visit online social networking sites and message boards. Taking in this feedback helps business owners make their products better. For example, car accessory businesses can visit car forums to find out what car enthusiasts want. A business owner can also use the Internet to connect and communicate with his customers through these same websites.

4.Advertising:Businesses also use the Internet to find new customers through online advertising. Offering text and banner ads on websites as well as informational pieces, the Internet allows advertisers to reach potential customers quickly and efficiently. Pay-per click advertisements are distributed on Internet search engines and websites, allowing business owners to reach potential customers using search terms related to their business.

5.Online Shopping:It is a form of electronic commerce which allows consumers to directly buy goods or services from a seller over the Internet using a web browser. Consumers find a product of interest by visiting the website of the retailer directly or by searching among alternative vendors using a shopping search engine, which displays the same product's availability and pricing at different e-retailers. As of 2016, customers can shop online using a range of different computers and devices, including desktop computers, laptops, tablet computers and smartphones.

6.Online Services: A commercial service that provides access to services such as the Internet, e-mail, news, etc. An online service provider may be a local, international, or global company who specializes in online services or allows you to connect to online services through their network.

7.Online banking:It is also known as internet banking, e-banking or virtual banking, is an electronic payment system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website. The online banking system will typically connect to or be part of the core banking system operated by a bank and is in contrast to branch banking which was the traditional way customers accessed banking services.

Current Uses of the Internet In Business:

1. Sharing Company Information:Commercial companies are now using the Internet for many purposes. One of the first ways that commercial companies used the Internet was to share information with their employees. There is also some information which is private and access is restricted, only company employees can get access to this.

2.Product Information:Some companies use internet to share the information of their product. their share their product information on a Web page. Some examples are: BSRM, City Group, Aarong. The internet provides an easy and efficient way for companies to distribute product information to their current and potential customers.

3. Country Investment Information:If anyone is Thinking about investing in a particular country? Information on countries can be found online. For example, they check out the graphical information (GDP, inflation, direct foreign investment, etc.)

4. Buying Stocks:Stock market is very much dependable on the internet. People buy or sell stocks (Share) online by using internet. They can analyze market online, can observe market.

5.online booking systems: An Internet booking engine (IBE) is an application which helps the travel and tourism industry support reservation through the Internet. It helps consumers to book flights, hotels, holiday packages, insurance and other services online. This is a much needed application for the aviation industry as it has become one of the fastest growing sales channels.

Internet In Bangladeshi Business:

Bangladesh is one of the large market in the world as population but the peoples are not well enough for online market yet. Since 1970 to 2000 can be said that Bangladesh was almost in the darkest in e-Commerce business. The peoples even never imagine for e-Commerce. They just work in computer for assignment for school, colleges and university or can be used in private organization or government. But it was very rare in the government project.

***This is very exciting that the private universities are also giving free laptop to every student and forcing them to jump and learn many things from online. This is also nice to see that they are doing online business and putting many things on their sites and selling them easily.

If we go the sites of Bikroy.com or ekhanei.com or the apnardeal.com the most successful e-Commerce business at present in Bangladesh then you can feels the scents of the e-Commerce booming. They are also the pioneer of Classified Ad site of Bangladesh  Now a days peoples are reading news paper in online and they do the business in the news paper site also. We can also find different advertisement for business in the Facebook or twitter. So that people can easily see them and getting their shopping online.

Internet Banking In Bangladesh:

internet banking, also known as Online banking, e-banking or virtual banking, is an electronic payment system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website. In Bangladesh almost all of the banks are offering Internet Banking service like Bank Asia , BRAC Bank Arab Bangladesh Bank Ltd. HSBC , SCB etc. Its becoming very popular now a days.

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