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E-PULSE FOR E-RETAIL VENDORS
The present E-Pulse is the compilation of inputs from various industry sources.
This E-Pulse addresses following key questions for B2C E-Commerce Vendors;
a. What makes Store-In-Store concept a success for E-Retail Vendors?
b. What makes Amazon the biggest in E-commerce market worldwide?
c. What Site Features Indian E-retail Vendors need to focus more on?
d. What E-Product Categories Internet Buyers Order For? Pay For? In India
STORE IN STORE CONCEPT IN E-RETAIL
BUT IS IT A NEW CONCEPT?
The advent of Store in Store or creating an independent store within a store is not new.
In case of horizontal e-marketplaces each e-store becomes an independent entity and profit making unit over a period of time. This concept was first initiated originally among content based websites. This was done because scalability was imperative in case of websites that were content centric to diversify their online presence.
E-content vendors started scaling up their content sites by diversifying and specifying content silos or segments within a site. This came to be called SIS (Site-in-Site).
Similar to this is the advent of Store-in-Store in case of E-Retail sites.
In E-Retail the advent of SIS could also be aligned with scalability.
Amazon Inc. Smartly Incorporates the idea of Store-In-Store onto their online e-retail site worldwide. The E-stores or “Stores in Stores” specializes in offering a particular product category to its buyers via product specific e-stores.
Indian E-retail Vendors are scaling and diversifying into multiple product categories. To gain traction and attract potential Internet Buyers the E-Retail Vendors have started incorporating the concept of SIS on their websites.
Flipkart.com did so quite recently with Puma. Earlier snapdeal.com did so with GAP. Soon high margin product categories online like Fashion and Apparel and accessories will see more of such SIS being undertaken by many other lead E-Retail vendors.
The whole concept shall be a win-win game for both the lead brands in question. In India online E-retail vendors will offer Reach & Penetration to lead brands and on the other hand such lead brands offer their premium and other highly popular and branded wares to E-Retail vendors.
Worldwide also this concept is not new in this space. How this will pan out in India will be evident in coming next few months. That the vendors are not leaving any leaf unturned in meeting competition head-on is what making the game interesting to watch going forward.
WHAT MAKES AMAZON THE BIGGEST E-COMMERCE PALYER IN THE WORLD?
WHAT SITE FEATURES INDIAN E-RETAIL VENDORS NEED TO FOCUS MORE ON?
WHAT E-PRODUCT CATEGORIES INTERNET BUYERS ORDER FOR? PAY FOR? IN INDIA