Busines Branding and Establishment in e-Business
Establish Consistent Brand Promises
It is always WISE to establish a consistent Brand Promise ! The impression that false advertising is effective is not supported by the facts. You might make a killing on the first occasion that you publish inaccurate claims. However your clients will soon learn that the business information is not to be trusted, you will pay the price of lost sales and a reputation that is sinking faster than the Titanic.
As a general rule you should ensure that you deliver on all the promises that you make to clients, regardless of how hard the task might be at the time. Upon building up your brand to the public, the profit and return on your business will last long when your Brand Promise are consistently being carry out.
Position Your Service and Product with Right Pricing in your e-business
The costs of production have an influence on the price that you will be charging. The management of e-business involves an understanding of the dynamic market forces within which you are operating. There is a price level at which your potential clients will begin to wonder whether they are really getting value for money. If you cannot justify the price through great value, then they will look for alternatives. Do not follow the trend of charging the highest price that you can. Instead charge the lowest price that you can.
Make sure that you have a functional refund policy
Although it might seem like a tedious oversight, make sure that there is a clear refund policy for your e-business. In fact you can go a step ahead by offering guarantees. Potential customers will know that you have confidence in the quality of the product that you are selling. This might be a powerful marketing tool which is beyond the means of your nearest business rivals. The refund policy is not a loss but rather an opportunity to get even more interest in your products.
Follow up on genuine customer complaints
Most administrators will own up to the fact that it is a nightmare when you attempt to deal with all the business inquires as well as the customer complaints. Nonetheless, you should take complaints as an opportunity to expand your learning. The people writing in are not just complaining for the sake of it. They have a point that needs to be addressed. You can be part of the solution if you take the time to understand things from their perspective. It is also possible that a well handled complaint will enable the client to see your challenges as an e-business owner. This is one of the critical elements for customer relationship success.