2. Volusion
Volusion is an excellent online store builder that offers 24/7 support, tons of
templates to choose from, the ability to create daily deals and eBay integration. Add
to this the integrated coupons, customer feedback and their other great features
and your store is sure to be a success.
Weebly
Weebly makes it surprisingly easy to build a high-quality website,
blog or online store. With powerful eCommerce features and
popular mobile apps for iPhone and Android, Weebly has helped
over 20 million entrepreneurs and small business owners bring
their best ideas to life
CS-Cart
CS-Cart is a ecommerce solution used by over 35,000 merchants in
170 countries. The software comes with an open source code and is
to be installed on the user's server for full control over the online
store.
uCommerce for Umbraco
uCommerce is a fully featured .NET based e-commerce platform, developed
for Umbraco and Sitecore from a Content & Commerce perspective. It's a
global platform powering customers such as H.J. Heinz, BIC, British Library,
Faber-Castell, Emirates and Reebok.
3. CONTENS
CONTENS CMS is an intuitive and expandable Web Content Management
platform for websites, intranets and extranets. Key features include the
intuitive WYSIWYG GUI, smart features for multilingual sites and the easy
adaptation to individual requirements.
Wix
Wix.com is a leading cloud-based web development platform with over
52 million registered users worldwide. Wix offers all its design
capabilities: templates, mobile, etc…for free.
Shoprocket
From a single line of code, Shoprocket enables you to add a fully
featured ecommerce platform to any website in minutes. We only charge
a fixed 2% transaction fee, and have industry leading basket
abandonment rates due to it's frictionless universal checkout.
Quick.Cart
Free, simple to use and easy to modify shopping cart script. Minimal
requirements: PHP 5.2 +, 2 MB disk space and 5 free minutes to
install! Doesn't need MySQL or any changes in Apache.
Wazala
Wazala is an online store builder that offers you the ability to quickly
create an online store and begin selling products on your website or via
your Facebook page.
4. The Positive & Negative Effects of Technology in Busines
Business systems have reached the point where it's difficult to imagine operating even a small company
without basic technology such as desktop computers to receive email and keep records. For the most part,
technological innovations speed up workflow and provide indispensable systems for organizing
information. However, technology can also have negative effects on a business, making communication
more impersonal and creating a false sense of knowledge. Although it doesn't make sense for businesses
to abandon technology entirely, it is useful to understand potential pitfalls and develop human-centered
solutions to compensate when needed.
The Human Element
Technology is a double-edged sword when it comes to bringing people together. On the one hand, it makes
it easier for co-workers to communicate and collaborate as they make use of email and networking sites
such as Slack and StreamServe. Even basic technologies such as email and text messages speed up
response time in emergencies and allow a more leisurely time frame for less urgent issues. However, social
media platforms can be distracting, and they can't replace face-to-face interactions when it comes to the
truly meaningful actions that build strong and resilient teams.
In the Human Resources department, technology can streamline benefit solutions and store and scan
applications to efficiently screen prospects, but a computerized application process is rarely an adequate
substitute for a face-to-face meeting to determine whether an applicant is a good fit for your company.
Organizing Information
Computers store and organize information in ways that would often take human beings considerably more
time. It takes seconds to pull a profit and loss statement using QuickBooks, while it might take hours to
compile the same report on paper by hand. The information systems you create using technology and
software are only as good as the information you enter into them. There is no substitute for firsthand
knowledge of how your business works when setting up a computerized application to track your
operations. The person who enters the data must be deeply familiar with the nuances of your company's
business model to generate truly meaningful information.
5. Cost
Technology saves money for your business by saving time, such as the hours that would be
required to compile reports by hand. In addition, meaningful and up-to-date information helps
you quickly recognize problems and opportunities and respond proactively. However,
computers, software and the training required to maintain and upgrade them can be expensive.
These expenditures may be more costly than the time you save.
Privacy
The enhanced access to information made possible by computer systems raises a range of
privacy issues. By collecting data about customer needs and behavior, companies are able to
effectively target advertising and promotions. Many consumers consider this kind of record
keeping a violation of their privacy, and it raises a host of legal issues. Similarly, businesses can
use technology to monitor employee behavior and performance but this type of surveillance
can create a hostile work environment.
In addition, businesses can fall victim to unscrupulous individuals who hack into their computer
systems and steal valuable proprietary information.
Other Technologies
Manufacturing technologies can introduce efficiencies to a business by speeding up processes
that you would otherwise have to complete manually. Assembly lines improve productivity by
consolidating processes and moving more quickly than humans can. However, replacing humans
with machines can introduce new problems, such as a bakery mixer that mixes quickly and
thoroughly but can't make adjustments for idiosyncrasies in batches of flour or the amount of
moisture in the air. Large-scale automation also creates social problems by putting people out of
their jobs. New technology should be implemented in conjunction with retraining programs to
prepare displaced employees for doing other types of work
6. Market Size
Total online spending, inclusive of domestic and cross border shopping, is expected to increase by
31 per cent year-on-year to Rs 8.76 trillion (US$ 135.8 billion) by 2018. Cross border shopping by
Indians touched Rs 58,370 crore (US$ 9.1 billion) in 2016, and is expected to by 85 per cent year-
on-year in 2017. The top 3 countries preferred by Indians for cross-border shopping in 2016 were
USA (14%), UK (6%) and China (5%).
The Indian consumer internet market is expected to grow by 44 per cent year-on-year to touch
US$ 65 billion in 2017, up from US$ 45 billion in 2016. Online travel agents account for the largest
market share (70 per cent) in the internet consumer market, while the remaining 30 per cent is
occupied by horizontal e-tailing, fashion, furniture, grocery, hotel, food tech, cab aggregators,
education technology, and alternative lending among others.
The internet industry in India is likely to double to reach US$ 250 billion by 2020, growing to 7.5
per cent of Gross Domestic Product (GDP), with the number of mobile internet users growing to
about 650 million and that of high-speed internet users reaching 550 million.5 About 70 per cent
of the total automobile sales in India, worth US$ 40 billion, are expected to be digitally influenced
by 2020 as against US$ 18 billion in 2016.
7. Investments/ Developments
Some of the major developments in the Indian e-commerce sector are as follows:
Amazon invested Rs 6,200 crore (US$ 1 billion) in e-commerce arm in India during calendar year
2017.
Venture Capital (VC)-backed firms in India raised a record US$ 9.6 billion of fresh capital
between January-September 2017, which is more than twice the amount of capital raised during
the same period in the previous year.
Blackbuck, an online freight aggregator operated by Zinka Logistics Solutions Pvt Ltd, has raised
Rs 50 crore (US$ 7.68 million) in venture debt from InnoVen Capital.
BankBazaar, a financial marketplace start-up in India, raised US$ 30 million in a funding round
led by Experian Plc, a credit rating agency based in UK, taking the company's total funding to
US$ 110 million.
Gozefo.com, a Bengaluru based used furniture and appliances platform, has raised Rs 60 crore
(US$ 9 million) in Series B funding from Sequoia Capital India, Helion Venture Partners and
Beenext Pte. Ltd
8. Government initiatives
Since 2014, the Government of India has announced various initiatives namely, Digital India,
Make in India, Start-up India, Skill India and Innovation Fund. The timely and effective
implementation of such programs will likely support the e-commerce growth in the country.
Some of the major initiatives taken by the government to promote the e-commerce sector in
India are as follows:
Reserve Bank of India (RBI) has decided to allow "inter-operability" among Prepaid Payment
Instruments (PPIs) such as digital wallets, prepaid cash coupons and prepaid telephone top-up
cards.
Finance Minister Mr Arun Jaitley has proposed various measures to quicken India's transition
to a cashless economy, including a ban on cash transactions over Rs 300,000 (US$ 4,655.1), tax
incentives for creation of a cashless infrastructure, promoting greater usage of non-cash
modes of payments, and making Aadhaar-based payments more widespread.