{"id":21490,"date":"2017-05-17T09:18:31","date_gmt":"2017-05-17T07:18:31","guid":{"rendered":"https:\/\/www.euruni.edu\/blog\/?p=21490"},"modified":"2019-06-21T15:37:43","modified_gmt":"2019-06-21T13:37:43","slug":"taking-customers-e-business-funnel","status":"publish","type":"post","link":"https:\/\/www.euruni.edu\/blog\/taking-customers-e-business-funnel\/","title":{"rendered":"Taking Your Customers Through the E-Business Funnel"},"content":{"rendered":"<p>Any journey needs a navigator and the customer&#8217;s journey is no different. Guiding customers along\u00a0the way, from the &#8216;awareness&#8217; stage\u00a0to the &#8216;purchase&#8217; stage, is key\u00a0to\u00a0creating and maintaining\u00a0a successful business.<\/p>\n<p>This customer journey is represented by a funnel.\u00a0A certain number of potential customers become interested, fewer end up purchasing and fewer still become devoted, loyal followers of the brand. However, with advances in technology, this journey is increasing made online,\u00a0allowing for more exposure, a global reach and a wider funnel.<\/p>\n<h3>E-Business<\/h3>\n<p>An online solution for real world processes, e-business\u00a0enables companies to broaden\u00a0their reach. It involves the automation of all business processes. From purchasing of raw materials to production, stock holding, distribution and logistics,\u00a0it is effective for any\u00a0process. With clear processes, an online solution can better serve the business. This could include\u00a0after sales solutions and CRM solutions, for example.<\/p>\n<h3>E-Marketing<\/h3>\n<p>E-Marketing is the beating heart of e-business. Through e-marketing,\u00a0companies can better\u00a0understand their customers. This, in turn, adds value to products, widening distribution channels and boosting sales. Nowadays, people are increasingly\u00a0using\u00a0smartphones and spend a\u00a0large\u00a0part of their day\u00a0on social media. Potential customers will be\u00a0exposed to your content through this medium, but the key question is, how will you engage your customers and build a real relationship with them? E-Marketing is about\u00a0creating a buzz through\u00a0word of mouth. Therefore, the\u00a0way you respond to your online customers is very important. Continuous customer support is also essential.<\/p>\n<h3>E-Commerce<\/h3>\n<p>It is a common belief that\u00a0online sales success depends solely on having a well-designed portal\u00a0and an eye-catching\u00a0product. That is not entirely the case. Digitalizing your whole logistics and inventory process, as well as your payment system, is an effective solution.\u00a0Of course, it also helps to\u00a0have a nice, user-friendly portal\u00a0to sell your\u00a0product.<\/p>\n<p>In\u00a0recent\u00a0years, $9 million\u00a0have been processed\u00a0daily through PayPal. By 2018, it is expected that a\u00a0massive $307 billion will\u00a0have been traded, across borders. Even in developing countries such as\u00a0Egypt, the number of people shopping online is steadily increasing. Facebook pages for small business make up for the largest percentage\u00a0of online sales in Egypt.\u00a0The market is very promising and,\u00a0within the\u00a0next 5 years, the younger generation\u00a0will\u00a0become the main\u00a0consumers. These young people are very aware of how to use digital platforms.<\/p>\n<p>There are some key factors that have influenced the e-commerce boom in Egypt. Traffic congestion\u00a0pushes people to the comfort of online shopping and payment flexibility,\u00a0such as accepting cash on delivery. It also adds convenience;\u00a0it is still not possible to carry out online credit card transactions in Egypt. Also, there are now some companies that provide safe money transfer over the internet. Others, such as Fawary and mobile money transfer,\u00a0offer payment solutions provided by telecom companies in Egypt.<\/p>\n<h3><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-21686\" src=\"https:\/\/www.euruni.edu\/blog\/wp-content\/uploads\/2.jpg\" alt=\"\" width=\"800\" height=\"800\" \/><\/h3>\n<h3>Through the funnel<\/h3>\n<p>To take customers through the funnel, all factors of e-business need to be integrated. This includes e-commerce and e-marketing.<\/p>\n<p>Devising a clear brand strategy, defining a target audience, and having knowledge of brand positioning\u00a0is essential.<\/p>\n<p>Next comes a digital e-marketing strategy that considers how customers will\u00a0be\u00a0engaged and on which online platforms, social media portals or apps.<\/p>\n<p>Furthermore, what\u00a0tone of voice is appropriate for the brand? It will shape\u00a0the subsequent\u00a0business\/consumer\u00a0relationship.\u00a0Will the brand message be delivered through messaging,\u00a0images, videos, AR or 360?<\/p>\n<p>Online brand awareness\u00a0and availability should then\u00a0be developed.\u00a0<a href=\"https:\/\/gforci.com\/\">Mr. Giuseppe Forciniti, one of the best SEO Analyst in Europe<\/a> said recently digital tools, such as SEO, SEM or Google Ads will improve\u00a0online visibility.\u00a0 It is important to be aware of the\u00a0opinions, thoughts and needs\u00a0of customers. Social media\u00a0listening tools, such as\u00a0Engagor, are a very effective way of keeping up with\u00a0consumer views.<\/p>\n<p>After customers are reached through online marketing, they will consider whether or not\u00a0to purchase the product.\u00a0Directing them to a point of purchase\u00a0is key.\u00a0Website links\u00a0on social media are very effective after generating brand exposure and building trust with the consumer.<\/p>\n<p>At this point, the\u00a0product is in a saleable position. Digital tools help gain feedback on\u00a0customer volume and time spent visiting the\u00a0web portal. Analysis is\u00a0crucial at this step. It is\u00a0important to understand consumer preferences.\u00a0The amount of time spent on\u00a0a website or page is a good\u00a0indication\u00a0of the quality of the content.<\/p>\n<h3>Calculation of cost per acquisition<\/h3>\n<p>Cost of customer acquisition = total marketing campaign costs related to acquisition\/total customers acquired.<\/p>\n<p>The final stage of the funnel is the purchase. Customers are exposed to the digital process of purchase and payment and\u00a0begin purchasing products. It is important to simplify\u00a0the purchasing process,\u00a0to\u00a0make the product accessible\u00a0for anyone to buy on any device. Therefore, it is also important to use an effective\u00a0e-marketing tool,\u00a0like\u00a0Facebook pixel, which easily identifies interested customers by their Facebook ID.<\/p>\n<p>After discovering their\u00a0interests, ad campaigns via Facebook can target key consumers.<\/p>\n<h3>Calculation of the conversion rate<\/h3>\n<p>The conversion rate shows how many users visited a website due to digital e-marketing activities, and\u00a0made a purchase via the web portal.<\/p>\n<p>Conversion Rate = total number of sales\/number of unique visitors\u00a0x\u00a0100<\/p>\n<p>This process is continuous. Therefore, it requires constant evaluation to maintain\u00a0its effectiveness. Support from online CRM and frequent audits\u00a0are important. Finally, it is crucial to be aware of\u00a0the views of consumers, to develop and maintain a close, loyal customer base.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Any journey needs a navigator and the customer&#8217;s journey is no different. Guiding customers along\u00a0the way, from the &#8216;awareness&#8217; stage\u00a0to the &#8216;purchase&#8217; stage, is key\u00a0to\u00a0creating and maintaining\u00a0a successful business. This customer journey is represented by a funnel.\u00a0A certain number of potential customers become interested, fewer end up purchasing and fewer still become devoted, loyal followers of the brand. However, with advances in technology, this journey is increasing made online,\u00a0allowing for more exposure, a global reach and a wider funnel. E-Business An online solution for real world processes, e-business\u00a0enables companies to broaden\u00a0their reach. It involves the automation of all business processes. [&hellip;]<\/p>\n","protected":false},"author":18705,"featured_media":21685,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[1771,635,671],"tags":[1785,612,629,655,643,650],"class_list":["post-21490","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-trends","category-students","category-study-business-in-switzerland","tag-by-students","tag-career-2","tag-entrepreneurship","tag-marketing","tag-meet-our-students","tag-technology","post--single"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\r\n<title>Taking Your Customers Through the E-Business Funnel | EU Business School<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.euruni.edu\/blog\/taking-customers-e-business-funnel\/\" \/>\r\n<meta name=\"author\" content=\"Manal Negmeldin\" \/>\r\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.euruni.edu\\\/blog\\\/taking-customers-e-business-funnel\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"EU Blog\",\"item\":\"https:\\\/\\\/www.euruni.edu\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"EU Community\",\"item\":\"https:\\\/\\\/www.euruni.edu\\\/blog\\\/category\\\/eu-business-school-community\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"EU Students\",\"item\":\"https:\\\/\\\/www.euruni.edu\\\/blog\\\/category\\\/eu-business-school-community\\\/students\\\/\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"Taking Your Customers Through the E-Business Funnel\"}]}]}<\/script>\r\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Taking Your Customers Through the E-Business Funnel | EU Business School","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.euruni.edu\/blog\/taking-customers-e-business-funnel\/","author":"Manal Negmeldin","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"BreadcrumbList","@id":"https:\/\/www.euruni.edu\/blog\/taking-customers-e-business-funnel\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"EU Blog","item":"https:\/\/www.euruni.edu\/blog\/"},{"@type":"ListItem","position":2,"name":"EU Community","item":"https:\/\/www.euruni.edu\/blog\/category\/eu-business-school-community\/"},{"@type":"ListItem","position":3,"name":"EU Students","item":"https:\/\/www.euruni.edu\/blog\/category\/eu-business-school-community\/students\/"},{"@type":"ListItem","position":4,"name":"Taking Your Customers Through the E-Business Funnel"}]}]}},"_links":{"self":[{"href":"https:\/\/www.euruni.edu\/blog\/wp-json\/wp\/v2\/posts\/21490","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.euruni.edu\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.euruni.edu\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.euruni.edu\/blog\/wp-json\/wp\/v2\/users\/18705"}],"replies":[{"embeddable":true,"href":"https:\/\/www.euruni.edu\/blog\/wp-json\/wp\/v2\/comments?post=21490"}],"version-history":[{"count":16,"href":"https:\/\/www.euruni.edu\/blog\/wp-json\/wp\/v2\/posts\/21490\/revisions"}],"predecessor-version":[{"id":25704,"href":"https:\/\/www.euruni.edu\/blog\/wp-json\/wp\/v2\/posts\/21490\/revisions\/25704"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.euruni.edu\/blog\/wp-json\/wp\/v2\/media\/21685"}],"wp:attachment":[{"href":"https:\/\/www.euruni.edu\/blog\/wp-json\/wp\/v2\/media?parent=21490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.euruni.edu\/blog\/wp-json\/wp\/v2\/categories?post=21490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.euruni.edu\/blog\/wp-json\/wp\/v2\/tags?post=21490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}