Everything About eCommerce
Why Indian eCommerce Start-Ups Don’t Prosper
India, a nation that boasts of nearly 500 million Internet users and the No. 1 market in the online retail space, should already be the global leader with regards to eCommerce. According to a recent study conducted by the International Data Corporation (IDC), India is the fastest growing market in the global Top 20 smartphone marketplace, witnessing an impeccable annual growth of 14% in 2017, with a total shipment of 124 million units. To add to that, even Rural India has observed a staggering growth in the mobile Internet business. Moreover, the Govt. of India’s recent draft eCommerce policy is tailor-made ...
O2O Commerce Is The Next Retail Revolution In India
DESPITE boasting of the world’s largest consumer base for eCommerce, online shopping portals contribute to only 4% of India’s total retail business. A recent study revealed that 96% of the marketplace prefers the traditional, offline shopping experience. Industry experts believe customers rely upon personal interaction and real time product information before making a payment. Even in metros and tier 1 cities, eCommerce portals contribute to only 22% of total retail sales. This low number can be attributed to reluctance of customers to trust online payment methods, undue shipping charges, the lack of installation assistance, and difficulty to operate without technology, ...
PCI Compliance Guide : Why Indian eCommerce Start-Ups Must look for PCI Compliance
A lot of eCommerce start-ups are entering the market, with hopes of competing with the likes of Amazon and Flipkart. To do so, they need to comply with PCI security standards, to avoid credit card fraud and data breaches. But what exactly does being PCI Compliant mean? Here, we explain:What is PCI DSS? The Payment Card Industry Data Security Standards (PCI DSS) is a globally accepted policy used to protect debit, credit and cash card ...
Why Traditional Wholesale Business Must Transform To B2B – Part 2
In India, B2B eCommerce is like Oxygen for the dying breed of wholesalers and traders. It’s time for them to forget their traditional methods and adopt the B2B model, to sustain and grow in the global eCommerce market. By switching to B2B, they will have the luxury of governing business across India – the world’s largest consumer market – instead of limiting themselves to a small portion of the country.B2B: Cost-Effective Strategy : Over the last few years, there is enough proof that B2B model offers an incredible cost-effective strategy, no matter ...
Why indian wholesalers & traders must transform to B2B eCommerce – Part 1
INDIA boasts of the fourth largest market in the world with regards to B2B trading and traditional wholesales business. And yet, India’s wholesalers and B2B traders prefer the traditional business route, which involves dealing with higher quantity and invoice value. So why should traditional wholesalers switch to B2B eCommerce model? We explain in this article: Order Automation The traditional wholesale business operates on high quantities and high invoice value, as they sell products to other retailers on small wholesalers. By adopting B2B model, they can automate recurring purchases and smart shipments which ...
Top eCommerce consumer trends likely to impact Indian market in 2019
'The Indian eCommerce demography is changing rapidly since the younger generation is now a decision-maker with regards to shopping and purchasing. This leads to a change in shopping trends. Since there are more working professionals, they lack sufficient time for shopping." - Chitrangana.com But by embracing technology, India’s eCommerce industry is now able to offer user friendly technology and customer service. Let us dive into five consumer trends we’ll see in the following year:1) Specialised eCommerce ...
Top 5 guidelines to starting eCommerce start-ups in India
We are entering the golden age for eCommerce start-ups in India, especially after the Govt. of India’s new draft policy. But it’s easier said than done, and start-ups must follow a set of guidelines in order to thrive in the marketplace and compete with the likes of Amazon and Flipkart.It’s a little known fact that at least 90% eCommerce start-ups in India fail to blossom due to lack of planning, knowledge and market understanding. And this, despite India ...
eCommerce Startup Revolution: How Indian start-ups can spread their wings in eCommerce
With the Govt. of India already determined to help Indian eCommerce start-ups compete with established overseas giants, we highlight five ideas that will help them in their cause.1) Aid of Search Engines: Besides improving SEO for their websites through use of strong keywords and link building, the start-ups must view themselves as search engines and not just eCommerce websites. According to a research by Nielsen, search success rates have increased from 74% to 92% ...
India’s eCommerce will show double-digit growth up to 25% by Dec 2018
India's eCommerce will show double-digit growth up to 25% by Dec 2018, by adding 20% more new customer and 18% additional demand growth from existing buyer. The growth mainly focused on grocery, fashion, home decor and electronics category.Sep 2018 to Feb 2019, a surge will be seen in furniture and home decor category followed by online food ordering, travel, personal care, gourmets and general home usages products shopping.The changing demand patterns need for speedy delivery and understanding of the local market is opening a new door for Regional eCommerce startups, few centrally managed eCommerce companies cannot govern the large demography ...
India’s eCommerce furniture sales jump by 32% in 2017-2018
The willingness of Indian customer to buy furniture online has grown significantly in 2017. Now more than one in six Indian eCommerce buyers prefer shopping furniture online. The survey data reported 32 percent jump in online furniture sales in Q3 for 2017-2018. Customer prefers buying online stuff like sofa, chairs, wardrobe, beds and tables.This statistic can be found in the report prepared by research and statistical department of Chitrangana.com, a new study published by India's Leading eCommerce Consultancy, Chitrangana.com. The company already carried out a similar study almost two years ago, so one could easily compare the results.And based on ...
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