New Concepts in Commerce Second edition Chapter 7: E-commerce, pages 178–179 Live on the internet Worksheet 7.1 Student: Andrew Moussallam........................... Class: .............................. Teacher:............................................................................... Due date:.................................... Read the following article and then answer the questions below. Outback Trekkers launch — live on the internet Within the first month, the business had over 38 000 hits on its site, and 2159 follow-up emails from prospective customers. Taking the story live on the internet was a cost-effective way of generating awareness about the business and its products, as well as establishing a positive, progressive image. 2. Many more people beyond the immediate geographical vicinity were reached. 3. The company reached potential customers who prefer electronic communications, making further communications easy and cost effective. The internet provided five main benefits for Outback Trekkers: 4. Bookings and payments could be conducted online, reducing operating costs. 1. The home page became the business’s window to the world; through it, potential customers could view what the business had to offer. 5. The home page could be updated regularly, incorporating graphics and customer endorsements. © Photolibrary.com/Richard Woldendorp Outback Trekkers was having trouble promoting itself. It experienced difficulty getting its story out to its target market. Based at an isolated cattle station in remote New South Wales, the business had very little success through normal media channels. The company decided to try a new approach. A live launch was scheduled on an internet site, to be followed by a carefully targeted email delivery to the most influential customers. John Wiley & Sons Australia, Ltd 2010. 1 New Concepts in Commerce Second edition Chapter 7: E-commerce, pages 178–179 Worksheet 7.1 1. What is meant by the term: (a) target market? A target market is a group of people which a business aims to attract. (b) media channels? Where Business Promote their business through tv, radio or the newspaper. (c) customer endorsements? A customer endorsement is where consumers criticise the business., 2. What was the advantage of a follow-up email? The advantage is that they show and attract the customers and make them more willing to join and shows that they can get regularly updated with information. 3. Identify the benefits of using the internet to promote a business and its products. A benefit is that it is cheaper to advertise on the internet than with newspaper or radio.Another benefit is that consumers can buy products over the internet. 4. Predict what type of businesses would stand to benefit most from using the internet for their marketing campaigns. Businesses that would benefit the most would be low profit business who can’t afford promotion through media. Another business that would benefit would be businesses overseas that can now attract people from all over the globe through the internet 2 John Wiley & Sons Australia, Ltd 2010.