The online marketplace is a platform that allows to buy or sell a diversity of products from multiple vendors, and the ability to bargain/buy the products at reasonable prices. The most prominent ones are Amazon, Ebay, and their peers. There are many different marketplaces, where goods are bought and sold, but the distinctiveness lies in
With myriad of ecommerce solution providers available on the web, selecting a robust platform that meets your business’ and customers’ requirements can become a daunting task. There are many software providers that allow people to set up their marketplace with a few clicks. But before investing money and resources to build anything for yourself, I
Objective : To understand overall impact on marketplaces, changes in selling pattern and buying behavior of people in India while dealing with currency denomination It is about three weeks from announcement of denomination change in India, and it has impacted drastically on marketplace sales, valuation and customer psychology. All eCommerce owners shall consider this while
Amazon, Ebay & FlipKart – These Brands today have created a valuation in millions and no doubt that we are sometimes awed by the success of these brands worldwide. The idea was simple; operate an online marketplace without handling logistics and stocks. It is indeed a simple idea but when it comes to creating a
New DELHI: The government will soon issue a clear definition of what constitutes a ‘marketplace’ in the context of ecommerce in the country’s foreign direct investment (FDI) policy, hoping to end disputes over popular online retail websites and encourage entrepreneurship in the digital space by leaving it unfettered Central to this is the future of
According to eMarketer, worldwide e-commerce is anticipated to spring up to $3.5 trillion by 2019. Are you aware of the fact that 45% of Amazon’s business is now acquitted via Amazon Marketplace? Retail giants like Sears, Walmart, and Best Buy are also launching their own online marketplaces. Online marketplaces are effective retail trends over the
Nowadays, if your ecommerce website is slow, then chances are that it will hit your revenue as well as conversion rates along with site traffic. Thus, site speed is an indicator that helps understand how much revenue a website is capable of earning. Many online shoppers (51%) in the USA claim that slow site speeds
Now that you have an ecommerce website, you will need to ensure that your store performs to the optimum and that customers enjoy shopping on your web store to the maximum and also return to your store in the future for shopping further. To ensure the best of customer satisfaction on your website, you need
Introduction Having grown to great proportions presently, the world of ecommerce is showing great promise as an alternative buying channel vis-a-vis the traditional brick and mortar model. More and more retailers are looking at ways to maintain online stores and even increase sales by going online. For example, in India, e-tail is expected to account
Introduction In today’s era of online selling, the eCommerce website has become the de-facto standard and medium, which online shoppers can use to make their purchases online. When it comes to an eCommerce website, it could involve two basically different models, such as the direct model or the marketplace model. The direct model involves the
