Monday, June 27, 2022
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e-commerce in India: Miles to Go

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e-commerce15-11-14Indian e-commerce and online shopping are set to witness greater heights in the coming years, not just owing to the increasing internet population, but also due to the changing dynamics of the supporting ecosystem. The key players in the market are undertaking rigorous efforts to further enhance the areas like payment structure and logistics.

The proliferation of this digital activity and resulting data is a stimulating factor for devising e-commerce strategies, thus affecting the business model and driving growth for e-commerce players in the Indian market.  With the soared and record breaking online sale, it is evidently proved that e-commerce will outpace total retail sales in few years. Growth of e-commerce was low in starting years due to initial inhibitions, but, it is growing now with extraordinary pace as the confidence of Indian buyers is increasing slowly. Seeing the current behavior of Indian buyers, online experts estimated that the trend of e-shopping will become basic phenomena among buyers in arriving years. The present and future e-marketers are keeping their eyes on the Indian market trends and studying the consumer behavior for creating best and attractive deals potential clients. As per experts the coming holiday season in December will blur the retail market shine by online deals and free shipping offers.

India will have 100 million online shoppers by 2016, according to the Google annual online shopping growth trends report. The figure was 8 million in 2012 and is 35 million this year, showing how the ecommerce industry has grown. Incidentally, India is expected to cross 300 million Internet users by the end of the year overtaking the second largest web economy.
In last two years many e-commerce websites have mushroomed online and giving tough competition to one another with striking deals like free shipping, coupons, free gifts, easy return policy, and many more.  According to a study by Accel Partners, online shopping of physical goods in India will grow to US$ 8.5 billion in 2016 and the number of online shoppers in India will be more than double to 40 million. The internet user base is predicted to increase to 300 million by 2015.

Does that mean that e-commerce is here to stay, and every small and big fish will survive? That might not be the case. The ones that show potential to succeed are international deep-pocket incumbents who have experience, concepts and variety of offerings, and  tend to grow at a fast pace as compared to the other existing players in the Indian market. Even Indian e-commerce players are trying hard to bring in similar concepts as their international competitors. They are trying to bring impending and imminent consolidation, which is evident from the probable mergers of India’s biggest e-commerce players.

While Indian online market future is going to be boom and not bubble, the retailers are fastening their belts for launching online stores. It is a peak time; early adopters have already initiated the processes such as website design and promotion for surviving the competition between website and retail in future. Gear yourself up for the cutthroat competition in Indian market as e-commerce is slowly outpacing practical retail stores.

Though internet marketing in India is low as compared to the western countries; it is growing at fast pace with early adopters launching their websites on daily basis. At present time, internet is playing a major role in removing business limitations of past, now a sales person can directly reach clients doorstep and offer the most satisfying services in a click. Advanced technologies and web applications with safe transaction assurance are giving enough reasons to the new age Indian buyers to shop online. The best thing about the e-business is that it never phase-out and it demands half of the amount which a retail business does. If the web promotion and upgradation of website are at place, it means you are there to survive in the business for many more years.

While some e-commerce companies are trying a hybrid model to reach a larger audience, the jury is still out on whether the model will be successful. Offline retailers on the other hand, are also making an online push. The big disparity between those Indians online and those who actually shop online could be because consumers usually research online, and buy offline. In April 2013, a study found that over 36 million Indians do their product research online before making an actual purchase.

As online companies have been offering better prices and pushing mobile apps aggressively, this trend is slowly seeing a reversal.  It is a common sight these days at malls: Customers scan the barcode of a product and compare it with online prices on their mobile devices. The trend, called showrooming, is picking up globally.

Advanced smartphones and tabs are the main catalysts to prompt online sale figures and make e-shopping trend popular. It also allows customers to switch faster from retails to e-commerce buying. The ease online marketing delivers during shopping encourages more and more shoppers to feel the experience of online shopping. Web experts believe that it will take some time to spread the online marketing phenomena in Indian society by and large; however, it will seep in soon and benefit many Indian consumers. Indians are catching online shopping fever slowly, though right on time.

Brands have taken the mobile advertising route and are gradually picking up. Online retailers have realised the potential increase of online shoppers through their mobile phones in future. And as consumers grow more comfortable with using mobile devices for browsing and shopping, they are now more open to getting messages from brands via their mobiles. Businesses are implementing strategies for integrating mobile into their marketing campaigns and before they do that, they will have to make efforts to optimise legacy websites for mobile in order to improve customer experience. This is where responsive design will come into play. Fixing the mobile clicks is imperative as an unresponsive design may lead to the customer abandoning the site in a few seconds causing a low conversion rate and poor return on investments.

With the advent of technology, online retailers are devising attractive delivery options such as same-day delivery or delivery within an hour, perks on buying from mobile apps, and try @ home @ your door for consumers that are leading improved customer experience. To further improve customer experiences, we might also see adoption of international practices such as digital or experiential stores and showrooms, pop-up and fulfillment stores and drones that will fascinate the Indian market. The other technologies that will affect these trends and help shape the e-commerce business.

Finally
Moreover, the Indian consumer’s perception of online shopping has experienced a substantial change and for the good. In view of these developments, both the investors and the aspiring e-commerce players have been granted numerous opportunities, who were thus far limiting themselves to the sidelines. Today, they are all taking a keen interest in the country’s e-commerce market.
The number of online buyers is likely to increase with the number of internet users, which has crossed the figure of 100-million. The registered growth of 18% of online shoppers in 2012 is giving tight competition to the foretells of industrial cynics who strongly believe that online shopping has feeble chances to survive in India as India buyers are non virtual and they like to feel the product before buying so that they can be assured of its quality. Evidently, e-commerce in India has great growth potential. But profitability seems to be a far cry for now. This is not just the case of e-commerce. Organized offline retail has also been a largely unprofitable business.

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  103. After I initially left a comment I appear to have clicked the -Notify me when new comments are added- checkbox and now whenever a comment is added I get four emails with the same comment. Perhaps there is a means you can remove me from that service? Kudos!

  104. You’re so cool! I don’t believe I have read anything like that before. So good to discover another person with unique thoughts on this subject matter. Seriously.. many thanks for starting this up. This web site is one thing that is required on the web, someone with a bit of originality!

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  107. Can I simply say what a relief to discover a person that genuinely knows what they are discussing on the web. You certainly know how to bring an issue to light and make it important. A lot more people ought to check this out and understand this side of your story. I was surprised you aren’t more popular given that you surely possess the gift.

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  124. May I simply say what a relief to discover someone that truly understands what they are discussing over the internet. You certainly understand how to bring an issue to light and make it important. A lot more people need to check this out and understand this side of the story. I was surprised you’re not more popular given that you definitely possess the gift.

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  128. You’re so awesome! I don’t think I’ve read through something like that before. So wonderful to discover someone with original thoughts on this subject. Really.. many thanks for starting this up. This web site is something that is required on the internet, someone with a little originality!

  129. After I initially commented I appear to have clicked the -Notify me when new comments are added- checkbox and from now on every time a comment is added I receive 4 emails with the exact same comment. Is there a way you are able to remove me from that service? Thank you!

  130. A motivating discussion is worth comment. I believe that you ought to write more on this topic, it may not be a taboo subject but typically folks don’t talk about these subjects. To the next! Cheers!!

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  138. Having read this I thought it was extremely enlightening. I appreciate you finding the time and energy to put this article together. I once again find myself spending a lot of time both reading and commenting. But so what, it was still worthwhile!

  139. Howdy! This post couldnít be written much better! Reading through this post reminds me of my previous roommate! He constantly kept preaching about this. I’ll send this information to him. Pretty sure he’ll have a great read. Many thanks for sharing!

  140. A motivating discussion is worth comment. I think that you need to write more about this topic, it might not be a taboo subject but usually people don’t discuss these issues. To the next! All the best!!

  141. Iím impressed, I have to admit. Seldom do I encounter a blog thatís equally educative and entertaining, and without a doubt, you’ve hit the nail on the head. The issue is something which too few men and women are speaking intelligently about. I’m very happy I came across this during my search for something concerning this.

  142. I must thank you for the efforts you’ve put in penning this blog. I am hoping to check out the same high-grade blog posts from you later on as well. In fact, your creative writing abilities has encouraged me to get my own, personal blog now 😉

  143. You are so interesting! I don’t suppose I’ve read through a single thing like this before. So good to discover somebody with genuine thoughts on this subject matter. Really.. many thanks for starting this up. This web site is something that is required on the web, someone with some originality!

  144. I truly love your blog.. Very nice colors & theme. Did you build this website yourself? Please reply back as Iím wanting to create my own blog and want to find out where you got this from or exactly what the theme is named. Thank you!

  145. After I initially commented I appear to have clicked the -Notify me when new comments are added- checkbox and from now on each time a comment is added I recieve 4 emails with the exact same comment. Is there a means you are able to remove me from that service? Thank you!

  146. Hello there! This blog post couldnít be written any better! Looking through this article reminds me of my previous roommate! He continually kept talking about this. I am going to send this information to him. Pretty sure he’ll have a great read. Thank you for sharing!

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  151. Next time I read a blog, Hopefully it does not disappoint me just as much as this particular one. After all, I know it was my choice to read, but I actually believed you would probably have something useful to say. All I hear is a bunch of whining about something you could possibly fix if you were not too busy searching for attention.

  152. You’re so cool! I don’t suppose I’ve truly read a single thing like that before. So nice to discover somebody with a few unique thoughts on this issue. Really.. thanks for starting this up. This website is something that is needed on the web, someone with a little originality!

  153. Your style is really unique in comparison to other folks I’ve read stuff from. I appreciate you for posting when you’ve got the opportunity, Guess I’ll just bookmark this page.

  154. Iím amazed, I must say. Rarely do I come across a blog thatís both equally educative and amusing, and without a doubt, you’ve hit the nail on the head. The issue is something that too few people are speaking intelligently about. I am very happy that I stumbled across this during my hunt for something regarding this.

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  159. Your style is really unique compared to other folks I’ve read stuff from. Many thanks for posting when you have the opportunity, Guess I will just book mark this blog.

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  161. Having read this I thought it was extremely enlightening. I appreciate you finding the time and effort to put this short article together. I once again find myself personally spending a significant amount of time both reading and leaving comments. But so what, it was still worth it!

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  167. You’re so awesome! I do not think I’ve read through anything like this before. So wonderful to discover another person with some genuine thoughts on this issue. Seriously.. thanks for starting this up. This site is something that’s needed on the web, someone with a little originality!

  168. Iím amazed, I have to admit. Seldom do I encounter a blog thatís equally educative and entertaining, and without a doubt, you’ve hit the nail on the head. The issue is an issue that too few men and women are speaking intelligently about. I’m very happy that I came across this in my search for something concerning this.

  169. Hi, I do believe this is a great website. I stumbledupon it 😉 I’m going to come back once again since i have saved as a favorite it. Money and freedom is the best way to change, may you be rich and continue to help other people.

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  179. A fascinating discussion is worth comment. There’s no doubt that that you ought to write more about this issue, it may not be a taboo matter but generally people don’t speak about these topics. To the next! Many thanks!!

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  181. Right here is the perfect web site for anybody who would like to find out about this topic. You realize a whole lot its almost tough to argue with you (not that I personally will need toÖHaHa). You certainly put a fresh spin on a topic that has been written about for ages. Excellent stuff, just great!

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  183. Howdy! I could have sworn Iíve visited your blog before but after going through many of the posts I realized itís new to me. Anyhow, Iím definitely happy I came across it and Iíll be bookmarking it and checking back frequently!

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  186. After I initially commented I seem to have clicked on the -Notify me when new comments are added- checkbox and now each time a comment is added I get four emails with the same comment. Perhaps there is a means you can remove me from that service? Thanks!

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  191. Iím impressed, I have to admit. Seldom do I encounter a blog thatís equally educative and entertaining, and let me tell you, you have hit the nail on the head. The issue is something that too few folks are speaking intelligently about. I am very happy that I came across this in my search for something concerning this.

  192. I absolutely love your blog.. Excellent colors & theme. Did you build this amazing site yourself? Please reply back as Iím attempting to create my own site and want to find out where you got this from or just what the theme is called. Appreciate it!

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  194. Having read this I believed it was rather informative. I appreciate you finding the time and energy to put this short article together. I once again find myself spending a significant amount of time both reading and commenting. But so what, it was still worth it!

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  197. Right here is the perfect site for anybody who wants to find out about this topic. You know a whole lot its almost hard to argue with you (not that I personally will need toÖHaHa). You certainly put a new spin on a subject that has been written about for ages. Great stuff, just great!

  198. Having read this I thought it was very informative. I appreciate you spending some time and effort to put this short article together. I once again find myself personally spending way too much time both reading and commenting. But so what, it was still worth it!

  199. When I initially left a comment I seem to have clicked on the -Notify me when new comments are added- checkbox and now every time a comment is added I recieve 4 emails with the same comment. Is there a way you are able to remove me from that service? Many thanks!

  200. An impressive share! I have just forwarded this onto a coworker who was doing a little research on this. And he actually ordered me dinner because I found it for him… lol. So let me reword this…. Thanks for the meal!! But yeah, thanx for spending the time to discuss this issue here on your site.

  201. Howdy, I do think your site could possibly be having internet browser compatibility problems. When I look at your site in Safari, it looks fine however, when opening in I.E., it’s got some overlapping issues. I just wanted to give you a quick heads up! Apart from that, great blog!

  202. You’re so cool! I don’t think I have read through something like this before. So great to discover somebody with some unique thoughts on this subject. Really.. thanks for starting this up. This site is one thing that is needed on the web, someone with a bit of originality!

  203. You’re so awesome! I do not believe I have read a single thing like that before. So good to discover someone with a few unique thoughts on this subject matter. Really.. thank you for starting this up. This website is something that is required on the web, someone with a bit of originality!

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  205. You’re so interesting! I don’t suppose I’ve truly read through something like that before. So nice to find someone with a few original thoughts on this subject matter. Seriously.. many thanks for starting this up. This site is something that is required on the web, someone with some originality!

  206. Next time I read a blog, I hope that it doesn’t disappoint me just as much as this particular one. I mean, I know it was my choice to read, however I really thought you would have something useful to say. All I hear is a bunch of crying about something that you can fix if you were not too busy searching for attention.

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  210. Hi, I do think this is an excellent website. I stumbledupon it 😉 I may come back once again since i have book-marked it. Money and freedom is the greatest way to change, may you be rich and continue to help others.

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  212. The very next time I read a blog, I hope that it won’t disappoint me as much as this particular one. I mean, Yes, it was my choice to read, however I actually believed you would probably have something helpful to say. All I hear is a bunch of crying about something that you can fix if you weren’t too busy seeking attention.

  213. Hi there! This blog post couldnít be written much better! Going through this post reminds me of my previous roommate! He always kept preaching about this. I most certainly will forward this post to him. Pretty sure he’ll have a very good read. Many thanks for sharing!

  214. After I originally left a comment I seem to have clicked the -Notify me when new comments are added- checkbox and now each time a comment is added I recieve 4 emails with the same comment. There has to be an easy method you can remove me from that service? Kudos!

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  220. An impressive share! I’ve just forwarded this onto a friend who has been doing a little homework on this. And he actually ordered me dinner because I discovered it for him… lol. So allow me to reword this…. Thank YOU for the meal!! But yeah, thanks for spending the time to talk about this issue here on your web site.

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  230. A fascinating discussion is worth comment. I do think that you should publish more about this subject, it may not be a taboo subject but generally people do not discuss such topics. To the next! Cheers!!

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  232. Right here is the perfect website for anyone who hopes to understand this topic. You understand a whole lot its almost tough to argue with you (not that I actually would want toÖHaHa). You definitely put a brand new spin on a topic that has been written about for ages. Excellent stuff, just great!

  233. After I originally left a comment I appear to have clicked the -Notify me when new comments are added- checkbox and now whenever a comment is added I get four emails with the exact same comment. There has to be a way you can remove me from that service? Thanks a lot!

  234. Having read this I thought it was really informative. I appreciate you finding the time and effort to put this content together. I once again find myself personally spending a significant amount of time both reading and commenting. But so what, it was still worthwhile!

  235. An interesting discussion is definitely worth comment. I do believe that you need to publish more about this subject, it may not be a taboo subject but usually folks don’t discuss such issues. To the next! Kind regards!!

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  238. Oh my goodness! Amazing article dude! Thank you, However I am going through troubles with your RSS. I don’t understand the reason why I can’t join it. Is there anyone else having similar RSS problems? Anybody who knows the answer will you kindly respond? Thanks!!

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