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Starting an E-business
By
K Arathi
Catherine Sam
Jennifer Chrisilda
Mary Preethi
Deepak Ramesh
What is e-business all about?
• It is more than having a website to operate your
business.
It includes
• Accessing the internet to gather information about
suppliers, products , industry etc.
• Usage of electronic transactions e.g: Online banking.
• Online communications e.g: email
• Human resource management through intranet to
establish a common platform
• CRM
• Using software for management of various projects
E-business tools
• Mobile phones
• Personal digital assistants
• Electronic data interchange
• File transfer
• Facsimile
• Video conferencing, internet, intranet and
extranet
Advantages
• Quick, easy communications
• Enhanced marketing capability
• Increase in hours of operation e.g: A website
which is accessible 24 x 7.
• Reducing labor and cost of doing business by
efficient methods .
• Improved business models and profits.
Steps to start an e-business
Sources of
Funding
Bootstrapping
• Bootstrapping is funding the business
venture completely on their own
• The advantage of bootstrapping is that the
business depends only on the funds of the
creator
• Bootstrapping provides total control
• At times finding the cash required for the
business might require longer time and hard
work
Friends and Family
• Friends and Family of the entrepreneur are
the people who want the best for him
• They generally provide the necessary funding
and backing to launch the e-business
• They are the ideal funding resources
• If payments are not made in time could lead
to mistrust causing a strain in the
relationship
Bank Loans
• Banks try to lure start-ups with a variety of
loans
• Care should be taken before getting a loan if
its feasible for the venture to meet the
eligibility required for the bank loan as well
as to ensure repayments without defaults
• A detailed analysis needs to take place
before deciding on the type of loan that is
best suited for the venture
Network Funding
• Build an online model of the e-business and
invite people or friends who might be
interested in investing based on the private
information available in the network
• An example of a Network Funding site is
www.bolstr.com
• Network Funding keeps your potential
investors and investors updated about the
progress of the venture
Crowd Funding
• Entrepreneurs can project their business idea
on sites and wait for interested investors to
help them financially
• Crowd Funding helps the project owner raise a
lot of money based on the central idea
• It also helps us to know the feedback about
the business from the crowd through
feedback
• Ex: www.zequs.com
Venture Capitalists
• Venture Capitalists represent a financial
institution mostly
• Venture Capitalists prefer to invest not in the
start up stage but for the next stage
• Venture Capitalists also push for a seat in the
Board of the company and tend to have an
influence in key decision making decisions
Angel Investors
• Angel Investors are single investors who
invest large amount of money if they believe
on an enterprise
• Angel Investors are willing to invest a large
amount of money in the start up stage
• Do not request for a place in the board
• Take the role of a mentor/advisor of the e-
business at times
Setting up a
website
Setting up a website -
HOW?
 Building the idea – products, competitors
 Building a brand name
 Purchasing the right domain name
 Selecting proper server
 Setting a secure payment method
 Adding a shopping cart
And DONE!!!
Critical Issues
 Organising products & managing
inventory
 Getting the proposition & pricing right
 Content management system
 Customer relationship management
 Security issues
Mistakes to avoid
 Complicating the checkout process
 No proper promotion
 Slow loading speed of the site
 Improper business plan
 Improper marketing strategy
E-marketing
E-marketing-What does it entail?
• Using digital technologies to garner
popularity
• Marketing Products- Creation, distribution,
promotion and pricing
• An e-business marketing plan that is effective
Electronic business Formula
Decoding the formula
• Electronic Commerce (EC): Internet, bar code
scanners
• Business Intelligence(BI): Info about
customers, suppliers, etc
• Customer Relationship Management (CRM):
Strategies for customer retention
• Supply Chain Management(SCM)
• Enterprise Resource Planning(ERP)
How to attract customers?
• Cross marketing and cross selling
• Opening page and speed of the website
• Be a step ahead of your customers
• Offer multiple payment options
Ads that made a mark!
Tools for marketing
Blog Links
Reciprocal
Branding
Co-branding
Business Models
E-Commerce
Industry
How does an online sale happen?
The Flipkart Success Story
Why Amazon clicked!
• Strategic business plan
• Lowest prices
• Free shipping
• Online inventory
• Economies of scale
• Personalized shopping
• Customer satisfaction
• Support tools
The Zomato Success Story
Challenges
What are the hurdles?
References
• http://www.theonlineseller.com/2012/04/30/10-ways-to-fund-y
/
• http://
bizfinance.about.com/od/equityfinancing/qt/The-Differences-Be
• http://
www.thebusinessangel.org/difference-businessangel-venturecap
• http://paulgraham.com/startupfunding.html
• https://www.google.co.in/search?
newwindow=1&hl=en&biw=1366&bih=624&site=imghp&t
bm=isch&sa=1&q=amazon+success+story&oq=amazon+suc
cess+story&gs_l=img.3...175238.182953.0.183411.23.22.0.
1.1.0.393.4267.6j4j3j8.21.0....0...1c.1.36.img..16.7.1397.Gn
QHQWPtVEo
• http://forbesindia.com/printcontent/32382
• http://www.letsintern.com/blog/zomato/
• http://www.ebay.com/gds/8-steps-to-starting-your-
ebusiness-/10000000004503801/g.html
• http://internet-for-beginners.yoexpert.com/start-your-
own-web-site/what-are-the-steps-to-starting-an-e-
business-websi-718.html
• http://jasonmatthews.hubpages.com/hub/Six-Simple-
Steps-to-Starting-an-e-Business
• http://searchcio.techtarget.com/definition/e-business
THANK
YOU

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E marketing

  • 1. Starting an E-business By K Arathi Catherine Sam Jennifer Chrisilda Mary Preethi Deepak Ramesh
  • 2. What is e-business all about?
  • 3. • It is more than having a website to operate your business. It includes • Accessing the internet to gather information about suppliers, products , industry etc. • Usage of electronic transactions e.g: Online banking. • Online communications e.g: email • Human resource management through intranet to establish a common platform • CRM • Using software for management of various projects
  • 4. E-business tools • Mobile phones • Personal digital assistants • Electronic data interchange • File transfer • Facsimile • Video conferencing, internet, intranet and extranet
  • 5. Advantages • Quick, easy communications • Enhanced marketing capability • Increase in hours of operation e.g: A website which is accessible 24 x 7. • Reducing labor and cost of doing business by efficient methods . • Improved business models and profits.
  • 6.
  • 7. Steps to start an e-business
  • 9. Bootstrapping • Bootstrapping is funding the business venture completely on their own • The advantage of bootstrapping is that the business depends only on the funds of the creator • Bootstrapping provides total control • At times finding the cash required for the business might require longer time and hard work
  • 10. Friends and Family • Friends and Family of the entrepreneur are the people who want the best for him • They generally provide the necessary funding and backing to launch the e-business • They are the ideal funding resources • If payments are not made in time could lead to mistrust causing a strain in the relationship
  • 11. Bank Loans • Banks try to lure start-ups with a variety of loans • Care should be taken before getting a loan if its feasible for the venture to meet the eligibility required for the bank loan as well as to ensure repayments without defaults • A detailed analysis needs to take place before deciding on the type of loan that is best suited for the venture
  • 12. Network Funding • Build an online model of the e-business and invite people or friends who might be interested in investing based on the private information available in the network • An example of a Network Funding site is www.bolstr.com • Network Funding keeps your potential investors and investors updated about the progress of the venture
  • 13. Crowd Funding • Entrepreneurs can project their business idea on sites and wait for interested investors to help them financially • Crowd Funding helps the project owner raise a lot of money based on the central idea • It also helps us to know the feedback about the business from the crowd through feedback • Ex: www.zequs.com
  • 14. Venture Capitalists • Venture Capitalists represent a financial institution mostly • Venture Capitalists prefer to invest not in the start up stage but for the next stage • Venture Capitalists also push for a seat in the Board of the company and tend to have an influence in key decision making decisions
  • 15. Angel Investors • Angel Investors are single investors who invest large amount of money if they believe on an enterprise • Angel Investors are willing to invest a large amount of money in the start up stage • Do not request for a place in the board • Take the role of a mentor/advisor of the e- business at times
  • 17. Setting up a website - HOW?  Building the idea – products, competitors  Building a brand name  Purchasing the right domain name  Selecting proper server  Setting a secure payment method  Adding a shopping cart And DONE!!!
  • 18. Critical Issues  Organising products & managing inventory  Getting the proposition & pricing right  Content management system  Customer relationship management  Security issues
  • 19. Mistakes to avoid  Complicating the checkout process  No proper promotion  Slow loading speed of the site  Improper business plan  Improper marketing strategy
  • 21. E-marketing-What does it entail? • Using digital technologies to garner popularity • Marketing Products- Creation, distribution, promotion and pricing • An e-business marketing plan that is effective
  • 23. Decoding the formula • Electronic Commerce (EC): Internet, bar code scanners • Business Intelligence(BI): Info about customers, suppliers, etc • Customer Relationship Management (CRM): Strategies for customer retention • Supply Chain Management(SCM) • Enterprise Resource Planning(ERP)
  • 24. How to attract customers? • Cross marketing and cross selling • Opening page and speed of the website • Be a step ahead of your customers • Offer multiple payment options
  • 25. Ads that made a mark!
  • 26. Tools for marketing Blog Links Reciprocal Branding Co-branding
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  • 31. How does an online sale happen?
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  • 36. Why Amazon clicked! • Strategic business plan • Lowest prices • Free shipping • Online inventory • Economies of scale • Personalized shopping • Customer satisfaction • Support tools
  • 37.
  • 40. What are the hurdles?
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  • 43. References • http://www.theonlineseller.com/2012/04/30/10-ways-to-fund-y / • http:// bizfinance.about.com/od/equityfinancing/qt/The-Differences-Be • http:// www.thebusinessangel.org/difference-businessangel-venturecap • http://paulgraham.com/startupfunding.html • https://www.google.co.in/search? newwindow=1&hl=en&biw=1366&bih=624&site=imghp&t bm=isch&sa=1&q=amazon+success+story&oq=amazon+suc cess+story&gs_l=img.3...175238.182953.0.183411.23.22.0. 1.1.0.393.4267.6j4j3j8.21.0....0...1c.1.36.img..16.7.1397.Gn QHQWPtVEo
  • 44. • http://forbesindia.com/printcontent/32382 • http://www.letsintern.com/blog/zomato/ • http://www.ebay.com/gds/8-steps-to-starting-your- ebusiness-/10000000004503801/g.html • http://internet-for-beginners.yoexpert.com/start-your- own-web-site/what-are-the-steps-to-starting-an-e- business-websi-718.html • http://jasonmatthews.hubpages.com/hub/Six-Simple- Steps-to-Starting-an-e-Business • http://searchcio.techtarget.com/definition/e-business