Introduction
Willy wanted all of his staff to become licensed gemologists for them to be good teachers. The science of gemology was also in its early stages at the time. Gemologists research gemstones and general gemstone offers. This credential meant that the staff had adequate knowledge about their goods to teach Webster’s consumers about them. Willy bought the next-door abandoned structure, and Webster’s converted it into a self-important shop with an impeccable customer-facing exterior. The absence of road-front shops and stay stores at either end of Queen Street downtown resulted in a significant monetary decline in the midtown area for over ten years. Therefore, the organization needs to expand the existing market by creating a new e-business strategy that includes a website without losing clients, allowing for a solid relationships.
Analysis
Webster’s midtown competition consisted of three privately-owned companies that provided comparable products and administrations: Thompson Jewelry, Colliers Jewelry, James A. Collier Ltd., and Dexter’s Jewelry Inc. (Dexter H. Dark colored). Thompson’s was located directly across the street from Webster’s before the construction of Station Mall. Thompson’s jewelry relocated to the newly expanded Station Mall, leaving its road-facing retail store vacant. Collier’s jewelry was located two streets away on Bruce Street. Regardless of their location, they were not even identified as Webster’s or Thompson’s. Dexter Brown, located across the street from Webster’s, was also impacted when Thompson’s relocated to Station Mall.
There were a handful of other Jewelry Stores in downtown Sault Ste. Marie and the competition were fierce. More than thirty jewelry stores competed for business in Sault Ste. Marie’s four major shopping malls (Station Mall, Cambrian Mall, Market Mall, and Churchill Plaza) and various city areas. The challenge featured adornments ranging in price from expensive globules to fine jewels. Since a significant portion of the competition was reliant on Canadian suppliers, the option was primarily the same. Princess Diamonds (a major chain) had stores in every major shopping center. They had recently introduced their own MasterCard to increase customer loyalty and attract potential customers who wanted or expected time to pay for their purchases. The challenge’s proximity helped gem specialists based in shopping malls, as most shopping malls had at least three adornments stores.
The Negativity in Mind
In June of 2016, Wilfred C. Webster (Willy) was perplexed over the thought of creating a website for his jewelry company. He thought that the online products for his customers would negatively affect his hours of operation. On the other hand, he was scared of losing his store’s frequent sales and did not want to reveal his marketing plan to anybody. He needed his fully operating platform by September. He was keen to manage his company online by building a website where he could conveniently show various stones, diamonds, and antique jewels.
Alternatives
In this case, the organization has many alternatives, depending on whether its goal is short-term or long-term. For instance, they should buy online software whose data is centralized and accessible over the internet and hire software managers. The website can also introduce a buyback section due to the volatile nature of the jewelry market. They can also develop a Blog section for the different jewels and link the website to other social media platforms.
Evaluation
Buying online software whose data is centralized and hiring software engineers to manage it is vital because there is a significant threat of data being stolen from the website in contemporary society. Moreover, since the organization deals with gems, they must undergo testing as they are created in chemical labs to determine the real from fake gems. Linking the website with social media may or may not produce the expected outcome. Still, if it does not work effectively, codes can be given to customers to purchase things online, exposing them to the website. Moreover, email has slowly become the fastest way to communicate and let people know of the new website’s start.
Decision and Implementation
Willy was confident that Webster’s North shop would help his company grow, and he recognized that having a website would be a massive help in that growth. Willy knew little about the web and how it could support his business; in any case, Willy had been trying a site by another jewel setter in Albany, New York, USA, which had been working for a couple of years. Willy saw that the Albany company had made some strides in selling Estate adornments on the internet, and he was confident that he could demonstrate his platform following their success. Willy also learned that the New York outlet had recently cut its web activities. The costs of creating a website will be minimal. Gary Davies, Willy’s nephew, had a web “family rate” of $1,500.00 per year. Willy also selected Soonet (a local company) to be the network access provider (ISP) for Webster’s platform at a monthly cost of $50.00. Willy discovered that there were many ways to publicize objects or governments on the internet. Companies could not only create their internet accounts, but they could also advertise on other websites.
Ads known as flag promotions were the most commonly recognized types of publicizing. About half of web clients reported that they had clicked on pennant advertisements the previous week, according to Data-study, Com’s more than 80% seeing regular advertisements that week. Many businesses devote a portion of their marketing budgets to this kind of internet promotion. Email marketing was also a rapidly used and viable method for promoting the products. According to the Creative Communications study, there would be a sixty percent growth in the number of emails by 2015. It was an easy way to retain customers and solidify marketing endeavors (Chulerk et al., 2018). The importance of online brand creation has been accounted for and reinforced by Morrison Interactive, who discovered that six out of ten customers directly enter the URL of a web-based company website while searching for an object or administration. Surprisingly, only a few online consumers led to an internet shopping web page through disconnected ads in other newspapers. Organizations seemed to benefit from forming online alliances with various promoters and putting links to their locales on multiple sites.
Reference
Chulerk M. P., Wongwatacharapaiboon, J., Jamieson, I., & Thossilaporn, P. (2018). An effective brand strategy guideline to increase possibility of purchasing diamond jewelry by middle-class buyers in Bangkok: A case study in The Old Siam Shopping Plaza (Doctoral Dissertation, Thammasat University, Thailand).