Online Shopping In Bangladesh
DEFINITION OF CONSUMER PREFERENCE:
Consumer preference refers to, “how customers select goods and services
in relationtofactors like taste,preference andindividualchoices.Factors
suchastheconsumersincomeandpriceof goodsdo notinfluence the
customers preferred product or services”.
Online Shopping in Bangladesh.
Consumer preferenceforaproduct canmakeorbreak a company.If
consumers generallylikea product,itmay say aroundforyears andsell
millionsof copies.However if consumerdo not likeaproduct,itcould
disappear very quickly.
Online Shopping in Bangladesh.
Online customer must have access to the internet and a valid method of
payment in order to complete a transaction
Generally, higher levels of education and personal income correspond to
more favorable perception of shopping online. Increased exposure to technology
also increases the probability of developing favorable attitude towards new
shopping channels
The most spammers will steal the credit card or financial information and use it
fraudulently. If purchases are made from spammers, the customer will never get what
they have ordered. It is a risky deal.
- Do not pay by a debit card, cash or wire transfer. When the customer pay
with debit cards , the money comes directly out of the customers amount.
Getting the cash back can be difficult, if it not possible. When the people
pay by cash or use a wire transfer,the money goes directly to the sellers
account. So there is no recourse if something goes wrong.
- Do not buy from a websites unless it is certified for safety. People need to
feelconfidentthatwhenpeoplemakeanonlinepurchase,personaland
financial information will not be compromised.
- Do not buy from a websites with which people are not totally
comfortable.
- Do not forget to inspect the new purchase as soon as it arrives. If the
customer finds a problem, notify the seller as soon as possible.
SOME OF THE ONLINE SERVICES ARE:
Online Shopping in Bangladesh.
Net Bank and Wingspan pioneered online banking in United states in 1996 and
1997, respectively. Traditional Banks had developed earlier versions of telephone
banking, but did not use online services until 1998
ONLINE INSURANCE SERVICES:
ThetermLifeInsuranceisacommodityproduct,however,andinother
insurance product lines, the web offers insurance product lines, the web offers
insurance companies new opportunities for product and service differentiation and
price discrimination.
The Insurance Industry forms a major part of the $2.2 trillion financial services
sector. It has four major segments: Automobile, Life, Health and Property and
casualty. Insurance product can be very complex.
Theonlineinsuranceindustryhasbeenverysuccessfulinattractingvisitors
looking to obtain prices and terms of insurance policies.
Theindustryhasbeenlesssuccessfulatgettingcustomerstobuypolicies
online. Althoughthisis changing,particularly intheareas ofautomobile insurance
polies , which are less complex.
Online Shopping in Bangladesh.
Travel and tourism in the United states contribute over $1.1 trillion to the U.S.
GDP with online travel services becoming an ever larger part of the picture.
OnlinetravelisoneofthemostsuccessfulB2Ce-commercesegments,
accounting for more online revenue than any other than online category. The Internet
is becoming the most common channel used by consumers to research travel options,
seekthebestpossiblepricesandbookreservationsforairlinetickets,hotelrooms,
rental cars, cruises and other tours.
AccordingtoMarketerin2007,about42millionU.S.Householdsbooked
travel online. A November 2006 survey found that almost 60 percent of those polled
in theUnitedstatessaid theyusedthe Internettoplana vacation.By2010, Online
Travel Booking revenues are expected to grow about $146 billion from 2007 to $ 94
billion.
REVIEW OF LITERATURE
Hirschman and Holbrook ,(1982) , suggest that “Motivations of
Consumers to engage in online shopping include both utilitarian and
hedonic dimension. Whereas some Internet shoppers can be described as
“problemsolvers”otherscanbetermedseekingfor‘fun,fantasy,Online Shopping in Bangladesh,
arousal, sensory stimulation and enjoyment’.”
Babinetal., (1994) suggest that, “The problem solvers merely shop online
in orderto acquirea specificproductorservice,inwhichcase
shopping is considered to be ‘an errand’ or ‘work’.
Holbrook (1994) says that, “Their main concern is to purchase products
inanefficientand timely manner toachievetheirgoalswitha
minimum of irritation of irritation. In contrast the second category sees
online shopping as ‘enjoyment’ and seeks for the potential
entertainmentresultingfrom thefunandplayarising fromthe
Internet shoppingexperienceforitsownsakeapartfrom anyother
consequence ”
Mathwicketal., (2002) , Online Shopping in Bangladesh,“If online shopping meets this ideal by enabling
the consumer toaccomplish theshopping task he or she has set out
toperform,thenconsumerswilljudgetheInternetshopping
performance positively.”Online Shopping in Bangladesh
Online Shopping In Bangladesh
DEFINITION OF CONSUMER PREFERENCE:
Consumer preference refers to, “how customers select goods and services
in relationtofactors like taste,preference andindividualchoices.Factors
suchastheconsumersincomeandpriceof goodsdo notinfluence the
customers preferred product or services”.
Online Shopping in Bangladesh.
Consumer preferenceforaproduct canmakeorbreak a company.If
consumers generallylikea product,itmay say aroundforyears andsell
millionsof copies.However if consumerdo not likeaproduct,itcould
disappear very quickly.
Online Shopping in Bangladesh.
Online customer must have access to the internet and a valid method of
payment in order to complete a transaction
Generally, higher levels of education and personal income correspond to
more favorable perception of shopping online. Increased exposure to technology
also increases the probability of developing favorable attitude towards new
shopping channels
The most spammers will steal the credit card or financial information and use it
fraudulently. If purchases are made from spammers, the customer will never get what
they have ordered. It is a risky deal.
- Do not pay by a debit card, cash or wire transfer. When the customer pay
with debit cards , the money comes directly out of the customers amount.
Getting the cash back can be difficult, if it not possible. When the people
pay by cash or use a wire transfer,the money goes directly to the sellers
account. So there is no recourse if something goes wrong.
- Do not buy from a websites unless it is certified for safety. People need to
feelconfidentthatwhenpeoplemakeanonlinepurchase,personaland
financial information will not be compromised.
- Do not buy from a websites with which people are not totally
comfortable.
- Do not forget to inspect the new purchase as soon as it arrives. If the
customer finds a problem, notify the seller as soon as possible.
SOME OF THE ONLINE SERVICES ARE:
Online Shopping in Bangladesh.
Net Bank and Wingspan pioneered online banking in United states in 1996 and
1997, respectively. Traditional Banks had developed earlier versions of telephone
banking, but did not use online services until 1998
ONLINE INSURANCE SERVICES:
ThetermLifeInsuranceisacommodityproduct,however,andinother
insurance product lines, the web offers insurance product lines, the web offers
insurance companies new opportunities for product and service differentiation and
price discrimination.
The Insurance Industry forms a major part of the $2.2 trillion financial services
sector. It has four major segments: Automobile, Life, Health and Property and
casualty. Insurance product can be very complex.
Theonlineinsuranceindustryhasbeenverysuccessfulinattractingvisitors
looking to obtain prices and terms of insurance policies.
Theindustryhasbeenlesssuccessfulatgettingcustomerstobuypolicies
online. Althoughthisis changing,particularly intheareas ofautomobile insurance
polies , which are less complex.
Online Shopping in Bangladesh.
Travel and tourism in the United states contribute over $1.1 trillion to the U.S.
GDP with online travel services becoming an ever larger part of the picture.
OnlinetravelisoneofthemostsuccessfulB2Ce-commercesegments,
accounting for more online revenue than any other than online category. The Internet
is becoming the most common channel used by consumers to research travel options,
seekthebestpossiblepricesandbookreservationsforairlinetickets,hotelrooms,
rental cars, cruises and other tours.
AccordingtoMarketerin2007,about42millionU.S.Householdsbooked
travel online. A November 2006 survey found that almost 60 percent of those polled
in theUnitedstatessaid theyusedthe Internettoplana vacation.By2010, Online
Travel Booking revenues are expected to grow about $146 billion from 2007 to $ 94
billion.
REVIEW OF LITERATURE
Hirschman and Holbrook ,(1982) , suggest that “Motivations of
Consumers to engage in online shopping include both utilitarian and
hedonic dimension. Whereas some Internet shoppers can be described as
“problemsolvers”otherscanbetermedseekingfor‘fun,fantasy,Online Shopping in Bangladesh,
arousal, sensory stimulation and enjoyment’.”
Babinetal., (1994) suggest that, “The problem solvers merely shop online
in orderto acquirea specificproductorservice,inwhichcase
shopping is considered to be ‘an errand’ or ‘work’.
Holbrook (1994) says that, “Their main concern is to purchase products
inanefficientand timely manner toachievetheirgoalswitha
minimum of irritation of irritation. In contrast the second category sees
online shopping as ‘enjoyment’ and seeks for the potential
entertainmentresultingfrom thefunandplayarising fromthe
Internet shoppingexperienceforitsownsakeapartfrom anyother
consequence ”
Mathwicketal., (2002) , Online Shopping in Bangladesh,“If online shopping meets this ideal by enabling
the consumer toaccomplish theshopping task he or she has set out
toperform,thenconsumerswilljudgetheInternetshopping
performance positively.”Online Shopping in Bangladesh.
Childers et al.,(2001) found “ ‘enjoyment’ to be a consistent and
strongpredictor ofattitudetowardsonlineshopping.Ifconsumers
enjoy their online shopping experience, they have a more likely to adopt
the Internet as a shopping medium
.
Childers et al.,(2001) found “ ‘enjoyment’ to be a consistent and
strongpredictor ofattitudetowardsonlineshopping.Ifconsumers
enjoy their online shopping experience, they have a more likely to adopt
the Internet as a shopping medium