Online shopping
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presentation on online shopping sites

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Online shopping Presentation Transcript

  • 1. INDIAN ONLINE SHOPPING INDUSTRY
  • 2. INTRODUCTION  Online Shopping is also called as E-Commerce  E-Commerce stands for Electronic Commerce  Pertains to trading in goods and services through the electronic medium  It is all about speed, connectivity, and sharing and exchanging goods, services and information  Online shopping is the use of the internet “for exchanging information of value between firms and their trading partners, employees, and customers with the absence of geographical and time restrictions”
  • 3. SCOPE  India is showing tremendous growth in online shopping  With the middle class of 300 Million people, online shopping shows unlimited potential in India
  • 4. ONLINE SHOPPING IN INDIA  Various Websites providing variety of goods and services such Flipkart, Ebay India, Amazon india, Bigbasket, Jabong etc.  There are total 1938 Online Shopping companies in India(Oct, 2012)  Domestic Online market has the potential to grow between $ 125 Billion and $ 260 Billion by 2024-25  In India Online Shopping is facilitated by Information Directories and Banks (Net Banking, Phone Banking, Credit Card, Debit Card)  Most difficult challenge for Indian Online industry is : We still belief of touch and feel concept.  People are not comfortable with online money transaction
  • 5. BEGINNING OF • Started: February 2007 • Myntra.com is an Indian online shopping retailer of fashion and casual lifestyle products. • Headquarters in Bangalore. • Myntra was established by Mukesh Bansal, Ashutosh Lawania, and Vineet Saxena in February 2007. • In the last 3 years, Myntra has become the most popular destination for personalized products in the country.
  • 6. SOMETHING ABOUT • Myntra.com is one of the E-tail players to popularize online shopping which is a new mode of shopping in India. • Myntra left its mark of innovation through online coupons • the store circulated a large number of Myntra promotion codes.
  • 7. NEW BUSINESS FOCUS AND PRODUCTS • Myntra has tied up with top fashion and lifestyle brands in India, such as Nike, Inc., Reebok, Puma, Adidas, Asics, Lee, Lotto, etc. to offer a wide range of current season merchandise from these brands. • Myntra currently offers products from more than 350 Indian and international brands.  There are also casual and dressy footwear for women from Catwalk, Carlton London and Red Tape to name a few.
  • 8. BUSINESS MODEL OF • Myntra.com is an aggregator of many brands. • Its business model is based on procuring current season merchandise from various brands and making them available on the portal at the same time as in respective retail brand outlets
  • 9. AWARDS • Myntra.com was announced as a winner of the Red Herring Global 100 award. • CNBC - TV18 awarded Myntra.com as one of the Hottest Internet Companies of the Year at the Mercedes - Benz CNBC - TV18 Young Turks Awards. • Myntra.com is ranked among the top 10 e-commerce companies in India
  • 10. COMPETITORS  Myntra undoubtedly enjoyed the first mover advantage in the online retailing business. But Myntra’s success has been replicated by other companies that have now become competitors for Myntra.  Some of them are  Scopial.com,  Blue Bus Tees,  dilsebol.com,  Inkfruit.com.
  • 11. CAPABILITIES  Order Processing and Delivery: Myntra attempts to order and ship every order within 24 hrs.It offers free shipping within India on all products It can ship internationally to all major countries.  Technological: Myntra maintains its website which provides the only means by which a customer can make a purchase.  To maintain, upgrade and improve the website and the user experience, Myntra employees many computer science engineers and experienced professionals.
  • 12. MARKETING  Myntra has successfully used social networking websites Facebook and Twitter to expand its customer base.  Myntra positions itself as a fashionable new age brand. It launches major marketing campaigns every year. In February 2012, Myntra rolled out an OOH (out of home) campaign across 2 cities to build brand awareness and promote online shopping.  Myntra has used mostly viral marketing and internet for its popularity coupled with occasional discounts and referral discounts. It can be given a rating of 3/5.
  • 13. CONCLUSION  Marketing and Sales is a core activity of Myntra. By looking at the popularity of Myntra we can conclude that Myntra is doing a much better job in Marketing & providing its services to customer.
  • 14.  Jabong.com is an Indian fashion and lifestyle ecommerce portal. It sells apparel, footwear, accessories, beauty products, fragrances, home accessories and other fashion and lifestyle products. The site started operations in January 2012. It was co-founded by Arun Chandra Mohan, Praveen Sinha and Lakshmi Potluri. Currently it is spearheaded by Arun Chandra Mohan, Praveen Sinha, Manu Jain & Mukul Bafana. The company is headquartered in Gurgaon, NCR. The company has launched its mobile site recently and is said to have estimated revenues to the tune of 100-150 mn USD.In less than 20 months, Jabong.com has become the third- most visited online shopping website after Myntra.com and Flipkart.com. The website is currently getting 14000 orders on daily basis out of which 60% of sales are coming from small towns.
  • 15. Business Model Jabong.com follows both inventory model and a controlled marketplace model. In inventory model, products are sourced from brands and stored in the Jabong warehouse. In controlled marketplace model, Jabong doesn’t store the inventory but takes care of the Fulfillment, Customer Service, and Returns if any. The company's main source of promotion has been the internet.[ However, Jabong launched its first TV campaign in March 2012. A similar campaign was launched in September 2012. In Feb 2013 Jabong launched a new TVC with tagline “Fashion Nikla Mann Fisla”.
  • 16. Products and Brands Jabong stands as a Fashion and Lifestyle e-portal by selling shoes, apparels, accessories, home décor and furniture through its website. The e-store at present carries over 700+ brands and over 50,000 products
  • 17. Jabong Delivery Jabong.com offers same-day delivery in Delhi/NCR, and within 48 hours in top 10 cities and within 2–3 days in other cities and towns.
  • 18. International Foray Jabong also has its international store Jabongworld.com. JabongWorld offers a wide range of Indian ethnic wear and western wear such as sarees, lehengas, salwar suits and dress materials, dresses, tunics etc. priced in foreign currencies like euro, UAE dirham, US dollar, Canadian dollar and Sri Lankan rupee.[
  • 19. HISTORY  Flipkart was founded in 2007 by Sachin Bansal and Binny Bansal, both alumni of the Indian Institute of Technology Delhi. They worked for Amazon.com before quitting and founding their own company.  The first book the company sold was John Woods' Leaving Microsoft to Change the World.Today, as per Alexa traffic rankings, Flipkart is amongst the top 20 Indian Web sites and has been credited with being India's largest online bookseller with over 11 million titles on offer.  Further in 2012, Flipkart added A.C, air coolers, stationery supplies & life style products to its product portfolio.
  • 20. BUSINESS RESULTS  Flipcarts reported sales for the years  2008-09 = INR 40 Million  2009-10 = INR 200 Million  2010-11 = INR 750 Million  2011-12 = INR 5 BILLION Aims to cross INR 50 BILLION by the year 2015.
  • 21. OVERVIEW OF FLIPKART  Top Class Shopping Store in India  Started in 2007 with Books  Acquired letsbuy.com and Became HUGE  Today, Features Numerous Products  Payment Methods: Cash on Delivery, Credit/Debit Card, Net Banking, etc.  High-quality Customer Service
  • 22. POPULAR PRODUCT CATEGORIES Clothing: T-shirts, Jeans, Sports Wear, Trousers, etc. Footwear: Casual Shoes, Formal Shoes, Flats, Heels, etc. Beauty & Personal Care: Trimmers, Shavers, Soaps, Brushes, etc. Mobiles & Tablets: Samsung, Micromax, Nokia, Sony, etc. Laptops & Accessories: HP, Dell, Sony, Lenovo, Pen Drives, etc. Books: Literature & Fiction, Biographies, Novels, Ebooks, etc. Baby Care & Toys: Vehicle & Action Toys, Stuffed Toys, Diapers, etc. Sports & Fitness: Cricket, Football, Basketball, Badminton, etc.
  • 23. TOP BRANDS  Clothing: Adidas, Puma, Reebok, Lee, etc.  Footwear: Puma, Adidas, Reebok, Fila, etc.  Watches: Casio, Fastrack, Citizen, Timex, etc.  TV: Sony, LG, Samsung, Philips, Panasonic, etc.  Sports & Fitness: Speedo, Nivia, Yonex, Cosco, etc.
  • 24. CONTENTS  INTRODUCTION  SWOT ANALYSIS  STRATEGY TO SUSTAIN ITS MARKET DOMINANCE
  • 25. INTRODUCTION  EBAY’S OVERVIEW  FINANCIALS
  • 26. SWOT ANALYSIS  STRENGTH  WEAKNESSES  OPPORTUNITIES  THREATS
  • 27. STRENGTH  Leading online trading forum  Social Responsibility  Brand Equity  Partnerships with 250 US/international companies  Global reach (B2C, C2C)  eBay University  Unlimited scope of categories  Publicly Traded  No brick warehousing  Zero traditional sales force  Trust  Financial strength  Pioneers
  • 28. WEAKNESSES  Lack of in depth descriptions of products  Inability to measure illegal activity on site (fraud – esp. C2C)  Inability to penetrate some foreign markets  Technology malfunctions
  • 29. OPPORTUNITIES  Changing lifestyles of people  Acquisition of smaller substitutes or complimentary sites  Continued international expansion  Expand community services  Discount rates
  • 30. THREATS  Increasing number of online stores  Increasing number of online auction sites  Rapid growth of Amazon.com  Thieves
  • 31. STRATEGY TO SUSTAIN ITS MARKET DOMINANCE  The move to go public  eBay's business model  The strategy
  • 32. BUSINESS MODEL  Creating and maintaining a person-to-person trading community  Function as a value added facilitator  Provide a supportive infrastructure  Zero inventory & without having traditional sales force  Profit centers:  Domestic business  International business and  Payment
  • 33. SPECIFIC ELEMENTS OF BUSINESS MODEL  Largest online trading forum  Compelling and entertaining environment  Establishing trust & safety programs (Safeharbor)  Cost effective and Convenient trading  Strong community affinity  An intuitive user interface
  • 34. THREE MAIN TACTICS  To build strategic partnerships.  To look for customer feedback for constantly making changes and improvements.  To monitor its internal and external environments for possible opportunities.
  • 35. STRATEGY  Broaden the existing trading platform  Foster eBay community affinity  Enhance features & functionality  Expand value-added services  Continue to Develop:  Build new user community  Acquire local organization  Form partnership with a local company
  • 36. THANK YOU BY RAUNAK JAIN AKHIL PORWAL ADITYA BHATTA SURAJ GOUD
  • 37. ANY QUERIES???