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With the phenomenal penetration of smartphones in India and with improving Internet accessibility, e-commerce firms are expected to reach millions of new users in the coming years. Some domestic names like Flipkart and Snapdeal are ruling the market, and have also caught the flow of worldwide giants just like the US’ Amazon and China’s Alibaba — all are competitive even more for a much bigger share of the cake.
The country’s e-commerce market was valued at $2.3 billion in Oct last year and retail practice Technopak should calculate its worth can increase quite even 10 times to $32 billion by 2020. Since the net market nowadays accounts for fewer than 5 percent of India’s retail business, there still could be a good scope for e-commerce. The $15-billion valuation that Flipkart is eyeing in its next spherical of funding appears to replicate this potential, and aspirations of the prevailing and start-up e-commerce ventures. In fact, India’s e-commerce potential as we all know it nowadays was 1st noticed by the $18-billion (revenue) US-based firm eBay that entered the country in 2004 — 3 years before Flipkart’s restrained begin as a web proprietor.
It absolutely was eBay that brought the construct of the online marketplace, wherever sellers and consumers interact directly. Many people flick through fashionable e-commerce stores and search online to get the thing they’re craving for. Whereas there are some disadvantages of purchasing products online, there are more advantages. Here some of them are discussed:
Better costs Maximum of online stores provide costs that are quite below what you’ll get at a physical offline store. There are a couple of reasons for this. The primary is as of many of us use the internet to reach out for cheaper things and online shopping is the best in that. Online business house owners perceive this. Another reason is as a result you’ll be able to go through dozens of various websites to seek out the best thing at the right cost. You furthermore might not be taxed as max eCommerce stores won’t tax you unless they’re located in your state.
Convenience Shopping online is convenient. You don’t need to dress and drive to your favorite store. You’ll be able to simply visit their website, find out the product you would like, and pick that up. So shopping online permits you to shop for things while not disrupting your schedule.
Variety Most physical stores have a restricted array of products. They will solely hold numerous things, and there are usually several policies moving the provision of product. For higher prospects of this trade, as a whole, even small retail firms like to work along to enhance the general retail trade, whereas generating new advantages for their own customers through the eCommerce portal of their service.
Pixel Solutionz, being a web design and development firm with eCommerce expertise, we have already created a few customers coming our way to outsource their eCommerce projects to our team on Magento and WordPress technologies. You can find the services on the website and select the best offer that suits your requirement.
