Friday, 14 October 2016

What a boring online business.

Business communities must have experienced the most chaotic way online business is being manipulated by certain quarters who are taking advantage on the increasing popularity of the products/ services transacted via online. 

For those who have the product/ ideas/ services to sell, they have to come to a stage where there will always be a third party (middle person : not the same with media interface) whereby their products/ services must come to a scanning stage by that middle person.

The question here on marketing point of view which media is the safest and can be trusted namely instagram, facebook or whatever found in the playstore applications. It must be noted that the transactions will involve transfer of money from the buyer to the seller and normally the interface that these fellows use to interact is via Whatsapp, SMS or even emails. Nobody can be sure if the products are in existence or just a facade. To unveil buying and selling process as such will risk the banking account a random paralysis syndrom whereby the money transfered to the seller does not appear in the account of the seller. 

So who are the media actually monitoring the sale? Some people have gone mad because they paid huge amount of money but the product did not exist at all. But the banks will never go mad because nobody can touch the banks. Some bankers have viewed the money but suddenly the money has turned into units of another financial products in another so-called banks. 

Businesspeople must remember that Bankers are capitalising on their strength to generate more money for the Banks as the multiplying effects are enormous. So where is the product now? And even your trusted banks cannot help to trace the products.This is a nightmare to every person dealing with online transactions including the Chairman of a giant Bank who never typed a single word in his PC. 

We do not want to be mad all the time whenever clients are asking where are their online products at the bank's lobby. Even the Bank Manager will take a few days leave due to the annoying scene at the counter in search of the online products (new) to satisfy those annoying clients. 

As much as money is said to be king, online banking is not supposed to be a queen control kind of device to strike a war for the money which has become so-called units. 




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