The Online Retailing/e-Tailing
E-tailing is the market of selling retail goods on the internet. The abbreviated version of “electronic retailing” is basically part of business to business transactions
First of all, the structure of online retail market is divided into two categories they are vertical focused and multi category. Vertical focused mainly deals with specific goods like apparels, electronics and baby products, in the multi category it deals with all the categories of goods, the main aim of the online retailing is to grab the customers by offering large discounts on products.
Some Emerging business models in India:
E-malls or electronic market places they provides a platform for sellers to setup vertical stores and sell their products online by this market place and at the same time both get benefits buyer and seller because no need to maintain physical store at all they deal to customers to online and buyer won’t waste their time and money they can just click and buy what they want at home and these market places allows consumers to sell their products directly to other customers at a fixed price or an auction this point of view e-commerce monetary exchange through offering payment methods on their websites direct buyer to seller.
Deals/grouping buying:
People attracts mostly to deals and discounts, if anything getting in good deal people will buy the product even they don’t want that products. Deal sites provides daily discounts and offers in various types including travel, food and beverage and life style products and group buying sites works on the larger volume of goods for merchants, then offers attractive prices to consumer, there is a difference between deals and group buying. In group buying a minimum numbe...
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Online classifieds players focusing on specific areas are setting up sites that provide services targeted at specific cities and categories. These players have also customized their websites to provide content in local languages. Furthermore, though advertising revenues comprise the primary revenue source in this segment, some players have also adopted a lead generation-based model. The horizontal classifieds space is growing with several players entering this market.
Favorable demographic factors such as rising purchasing power and global exposure have shortened the consumer purchase cycle, and more used goods are coming into the market. Horizontal classifieds provide a suitable route to sell such goods relatively quickly. Response rates and the ability to generate genuine customer leads for ads posted are major determinants for the success of players.
The growing popularity of online retailing is attracting competition from traditional and online multi-retailers such as Wal-Mart and Amazon which are gaining considerable market shares in many of the product segments included in the specialty retail sector.
Technology plays a big part of the e-retailing industry. It has many positive qualities that impact the industry. Technology simplifies the purchasing process. Since the industry is web based, it helps eliminate the nuisance of not having products when wanted by having the capabilities of placing orders 24/7 at any computer with web access. Technology will also standardize the purchasing process thus reducing processing costs associated with traditional processing.
The industry is structured around physical and online store selling, and promotion is done mainly through television, magazines and word of mouth.
Online retailing in China, dubbed ‘e-tailing’, has doubled every year since 2003. By 2020 the size of China’s online retail market is predicted to reach up to US$650 billion, exceeding the combined value of online markets in the USA, UK, Japan, German and France. With over 590 million internet users, China boasts the world’s largest online population - more than the US and Japan combined – and still growing at almost 10 per cent per annum.
Type the first e-commerce that is in between the business and the business involving transactions between two or more businesses or companies where often one party is a supplier to the other party. For example, soy sauce manufacturers will interact with a supermarket in the process of ordering, delivery and pay for the order bottles of soy sauce .Of e-commerce, namely the second between the consumer business involves transactions between the seller of a product such as a supermarket that sells products to final consumers are people who ordered one or two bottles of ketchup through
E-commerce (electronic commerce) is basically selling products with high enhancement in IT. It helps the company have better relationships with suppliers, partners and customers. The nine forms of e- commerce models:
E-commerce, a system by which people can buy, sell and deal without even seeing the person on the other side, has taken a front seat in improving the economy of countries around the world. Technology today has made it possible for monetary institutions to help locate the customers resources and help solve their problems at any given time through online banking.... ... middle of paper ... ...
E-business is the largest emerging trend in business today. The movement into e-business is dramatically changing the way people buy and sell. Business is no longer a one for all concept, that concept is being replaced by a consumer economy that is driven by choice. These choices are not only in product and price but in shopping environment as well, where their transactions can take place face to face or in an online environment. Not only are traditional businesses completing their transactions with other businesses in such an online format, but such transactions are taking place between businesses and consumers as well as consumers to consumers. The following paper outlines some of the differences and similarities of each of these e-business models.
According to a study by Dr. Kirthi Kalyanam, who obtained his doctorate in Business Administration, “88% of consumers are researching items online and then buying in a physical store.” (Kalyanam) This signifies that a big measure of consumers use the data that they have obtained online, largely triggered by advertisements, when they undergo the decision making process when buying a product/service in a store. Since the consumer has already explored the product online, the decision making process is cut down significantly and the consumer almost always buys the merchandise that they have already searched. This research that they conduct is mostly sparked by an online advertisement which the consumer sees about the product. The advertisement usually doubles as a hyperlink to the product’s website, making it simple and easy for consumers to find more about the
The Internet is currently the third most shopped channel; brands are pushed to keep up with the trend of building an online shopping option for their consumers and this is evident through the increase in retailers offering online options for their consumers (Valerio). With solely digital stores like Net-A-Porter, Amazon and eBay, competition among digital stores and physical stores are tight. Retailers are pushed to keep up with the rise of digital shopping whether they want to or not. There are several retail implications with the rise of digital shopping, retailers are turning to multi-channel retai...
The sales outlook in the Internet, catalog, and retail outlet markets remains very positive, with estimated rates on return above 25%. Capable and adequate workforce is available in all areas researched. Legal considerations will be minimal.
Electronic Commerce as popularly as E-commerce has become a big deal in our growing economy due to the increase use of online systems. E-commerce now of the fastest growing business in the world. The technology has change the way of business. Business that have physical location have now made it an effort to focus their online business. It is the new sort of business platform where you can make use of different technologies like electronic data interchange or transfer document electronically. Online business is an effective of sales.
What's e-business? It is the transformation of every business process through using the internet and associated technologies. In this transformation, each part of the business becomes a part of an intrinsic network, which enables employees, suppliers and customers of a given enterprise to conduct their tasks. People usually try to make a point in differing e-business from e-commence, but as I see, e-commerce is a part of the e-business category, and an important one.
Simply, any e-commerce done through wireless devices (e.g. mobile phones) over any network especially the internet.
E- Commerce is a phenomena that is emerging rapidly between businesses all over the world, and it has affected the businesses at all sizes in many aspects.