Ecommerce Landscape Of India 2016
CEOs and IT leaders in e-commerce welcome the government’s decision of withdrawing Rs.500 and Rs.1000 notes hoping that it will pave way for more digital transaction. We’ve seen U.S. investors really start crossing over and doing more deals there, most specifically Tiger Global who has gone from being a hedge fund and doing later stage deals in the U.S. to being one of the most active investors in Asia and specifically pouring tons of money in doing entire rounds themselves in India.
It is far better tyo then use an ecommerce solution which transfers the payment transaction to the payment service provider, such as Sell Anywhere Links or ShopFactory, or an online solution which is PCI compliant in the first place, such as Volusion.
In the competitive e-commerce landscape where ten of thousands of online retailers compete against each other as well as against Amazon, the single biggest mistake entrepreneurs can make these days is not to choose a specific niche or choosing one with very low margins.
Going hand in hand with the changing style and needs of today’s consumer, the most significant area of focus in the eCommerce platform is hyper-personalization which could only be facilitated effectively if you have an in-depth knowledge of the shifting consumer behaviour and making predictive analyses towards it.
Other categories of Internet marketplace include G2G (Government-to-Government), G2E (Government-to-Employee), G2B (Government-to-Business), B2G (Business-to-Government), G2C (Government-to-Citizen), C2G (Citizen-to-Government) involving transactions with the government like online tendering, tax filing, bidding, procurement, company registration to license renewal, etc.
Ecwid serves as a transmitter in your transactions: it collects your customer’s data and passes it to special payment system- 3rd party payment gateways/processors that specialize in processing credit cards and provide security level required for storing and manipulating with such sensitive data.
Overall, what you’ll find is that outside of pure online store builders such as Shopify or Bigcommerce (which are both dedicated purely to helping people build online stores), Weebly’s eCommerce tools are one of the better ones available amongst the drag and drop website builder community.
It’s a chicken/egg problem, really-you have to choose a niche before you know what your margins are going to be. This means that you can’t get too attached to your first idea-you might have to set up several basic sites for different niches and start contacting suppliers for all of the niches before you find out what the margins are and you can actually settle on one.
I actually just used this approach with a friend who’s doing niche sites, constantly passing him your posts (along with TMBA and others), like, If you haven’t read this yet, you’d better do it now,” and preaching the idea of reading, researching, and being interested, which can all foster organic knowledge in your desired field.
Kristin already runs a small business of her own called Folk Wellness Co Dustin, on the other hand, is an Art Director who has developed a series of brands you can find on his website Saturday Morning Design Neck Of The Woods focuses on capturing the essence and culture of various locations within the U.S. by offering children’s clothing designed by local artists, combining business strategy, design, travel and philanthropy with the couple’s ecommerce efforts.
What GOI will do if amajon and flipkart split their main inventory partners into multiple players each having 10-20% of total sale value ,looser is poor customer who will lookafter his/her interesttime has come for commerce ministry to simply allow 100% FDI in all on-line /offline retail formats and let all compete for customer attention why side taking for socalled indian online badshas holding single digit ownership in their unicorns 90% owned by foreign entities.
Gaurav Kanabar is the Director of Alphanso Tech, a globally acknowledged IT consulting company providing the services in the arena of the WordPress Development Services & iPhone App Development Services With the immense support from the adroit team, Alphanso Tech has been serving a huge client base worldwide.