Lecture 1 ECommerce an Introduction for Master classes UOSHabib Ullah Qamar
Lecture 1 for Introduction to eCommerce for student of MCOM form University of Sargodha. this covers, definition ,history and growth, unique features and revenue model.
Lecture 1 ECommerce an Introduction for Master classes UOSHabib Ullah Qamar
Lecture 1 for Introduction to eCommerce for student of MCOM form University of Sargodha. this covers, definition ,history and growth, unique features and revenue model.
E-commerce is an facility for each and every user buying and selling product through the internet. By using E-commerce we can manage everything in our time. Every person/user can handle different transaction like E-payment-billing, Mobile banking, Net banking-learning, E-insurance, etc. In india E-commerce technology is increased because of wide range of products and minimum price wide range of suppliers and customers internet. Electronic Commerce is enabling the customer to have an increasing say in what products are made, how products are made and how services are delivered. Through the E-commerce we can achieve greater economic efficiency (lower cost) and more rapid exchange (high speed, accelerated, or real-time interaction.This paper gives an overview of the future of ECommerce and discusses the scope,challenges,Types of E-commerce,Uses ,Advantages and disadvantages of E-Commerce. Also use of EDI.We also find out to help future growth of Indian e-commerce. This paper also represent evaluation of internet users. Ashwini Jagdale | Rupnawar Ashwini"Challenges of E-commerce " Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-1 | Issue-5 , August 2017, URL: http://www.ijtsrd.com/papers/ijtsrd2260.pdf http://www.ijtsrd.com/computer-science/other/2260/challenges-of-e-commerce-/ashwini-jagdale
Few basic explanations on E-commerce and Internet Marketing. In the world of technology, the Internet plays an important role. The slides take you to very basic insights of the processes involved.
Identify the key components of e-commerce business models.
A successful business model effectively addresses eight key elements:
●Value proposition - how a company's product or service fulfills the needs of customers. Typical e-commerce value propositions include personalization, customization, convenience, and reduction of product search and price delivery costs.
●Revenue model -- how the company plans to make money from its operations. Major e-commerce revenue models include the advertising model, subscription model, transaction fee model, sales model, and affiliate model.
●Market opportunity -- the revenue potential within a company's intended marketspace.
●Competitive environment-the direct and indirect competitors doing business in the same marketspace, including how many there are and how profitable they are.
●Competitive advantage - the factors that differentiate the business from its competition, enabling it to provide a superior product at a lower cost.
●Market strategy -- the plan a company develops that outlines how it will enter a market and attract customers.
●Organizational development - the process of defining all the functions within a business and the skills necessary to perform each job, as well as the process of recruiting and hiring strong employees.
●Management team - the group of individuals retained to guide the company's growth and expansion.
What is a strategy and how to incorporate eBusiness strategies to the business?
SWOT Analysis to understand business environment before developing strategies.
Global Trade Platform for Small and Medium Scale enterprises.
A brief description on the various ecommerce business models, stakeholders and challenges, including fraud risks and success factors. Published in 2017.
E-commerce is an facility for each and every user buying and selling product through the internet. By using E-commerce we can manage everything in our time. Every person/user can handle different transaction like E-payment-billing, Mobile banking, Net banking-learning, E-insurance, etc. In india E-commerce technology is increased because of wide range of products and minimum price wide range of suppliers and customers internet. Electronic Commerce is enabling the customer to have an increasing say in what products are made, how products are made and how services are delivered. Through the E-commerce we can achieve greater economic efficiency (lower cost) and more rapid exchange (high speed, accelerated, or real-time interaction.This paper gives an overview of the future of ECommerce and discusses the scope,challenges,Types of E-commerce,Uses ,Advantages and disadvantages of E-Commerce. Also use of EDI.We also find out to help future growth of Indian e-commerce. This paper also represent evaluation of internet users. Ashwini Jagdale | Rupnawar Ashwini"Challenges of E-commerce " Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-1 | Issue-5 , August 2017, URL: http://www.ijtsrd.com/papers/ijtsrd2260.pdf http://www.ijtsrd.com/computer-science/other/2260/challenges-of-e-commerce-/ashwini-jagdale
Few basic explanations on E-commerce and Internet Marketing. In the world of technology, the Internet plays an important role. The slides take you to very basic insights of the processes involved.
Identify the key components of e-commerce business models.
A successful business model effectively addresses eight key elements:
●Value proposition - how a company's product or service fulfills the needs of customers. Typical e-commerce value propositions include personalization, customization, convenience, and reduction of product search and price delivery costs.
●Revenue model -- how the company plans to make money from its operations. Major e-commerce revenue models include the advertising model, subscription model, transaction fee model, sales model, and affiliate model.
●Market opportunity -- the revenue potential within a company's intended marketspace.
●Competitive environment-the direct and indirect competitors doing business in the same marketspace, including how many there are and how profitable they are.
●Competitive advantage - the factors that differentiate the business from its competition, enabling it to provide a superior product at a lower cost.
●Market strategy -- the plan a company develops that outlines how it will enter a market and attract customers.
●Organizational development - the process of defining all the functions within a business and the skills necessary to perform each job, as well as the process of recruiting and hiring strong employees.
●Management team - the group of individuals retained to guide the company's growth and expansion.
What is a strategy and how to incorporate eBusiness strategies to the business?
SWOT Analysis to understand business environment before developing strategies.
Global Trade Platform for Small and Medium Scale enterprises.
A brief description on the various ecommerce business models, stakeholders and challenges, including fraud risks and success factors. Published in 2017.
Direct to consumer is a major growth platform for any brand and retailer today. With the rise in e-commerce, companies are offering innovative solutions to help shoppers enjoy a less costly, more convenient, and most of all more satisfying shopping experience.
Today, most companies have moved to online marketing.
That’s because Google and Facebook generate more revenue than any traditional media company. After all, they control more eyeballs. That’s why digital marketing matters; it’s where the attention is.
Nearly 5 billion people worldwide go online to shop, learn, entertain themselves and even work.
If you want to reach those people, digital marketing is a must.
Maybe you think you have a local store, so you don’t need to worry about digital marketing.
You’d be wrong.
Many companies are enticed at the idea of adding marketing automation to their business processes. But as Bill Gates once said, adding technology to an inefficient process, magnifies the inefficiency. In this presentation, explore concepts to help you test to see if your business is ready for marketing automation.
2016 Lead Nurturing Report In Partnership With Salesforce PardotVeena Glover
Lead nurturing is a powerful marketing strategy and it is evident that marketers would like to continue reaping the rewards of their nurturing programs by setting a variety of objectives that revolve around this indispensable tool.
emedia and Pardot set out to discover the latest and greatest lead nurturing strategies currently deployed by the top tier marketers to drive their prospects through the buying cycle.
This report draws its conclusions from a 2016 survey that polled a large sample of B2B marketers based in EMEA and US/NA.
Insight into the mind of your peers: Discover the benefits that marketers have reaped, challenges they've faced and the future goals that they're now aspiring to.
You'll find top tips on numerous topics including segmenting data, personalising programs and marketing automation. This report will fuel your future plans and help you to design and implement successful lead nurturing campaigns.
Commerceblend helps you to scale up your personalization. Create a personalized web experience for customers become more and more important to increase engagement rate and conversion rate with us.
Digital marketing is the component of marketing that uses digital technology based on online environments such as desktop computers, mobile phones and other digital platforms and media to promote products and services
Latest Ecommerce Trends to Watch Out For 2023.pdfAdityaJani15
Regardless of your business model, eCommerce systems are critical to any online operation (whether B2B or B2C). It gives your company a platform to share and sell things to a wide range of potential clients online. However, with so many eCommerce platforms on the market, selecting the best one appears to be difficult. The eCommerce business shows no indications of slowing down in the near future.
Improving Customer Engagement through Personalisation & Marketing AutomationAndy Lima
Workshop delivered for the Leeds business Week 2017 event with an emphasis on SMEs building a better customer engagement. Best practices for personalisation and marketing automation through data management, integrated IT architecture and creative content. We looked at how companies can improve their engagement through building personas, design customer journey, better customer interface through integrating IT support to core marketing activities.
DDI - Digital Discovery Institute | Best Digital Marketing Training Institute...Tarun Mathur
The Stylish Digital Marketing Course in Mohali designed by Digital Discovery Institute Mohali
Whether you're running a company or association, you'll always like to make it a great success saga. With the arrival of the internet, social media and search machine, it's insolvable to ignore the significance of Online Marketing. So, if you want to make your career a great success you need to learn the power of digital marketing. But scholars frequently get confused about seeing lots of DM Training Companies online. Having observed this confusion, Itronix Results has introduced Digital Marketing courses in Mohali. You can get further information about this Digital Marketing course in Mohali by visiting ourofficial website. https://digitaldiscovery.institute
Predictive data science will soon be a widespread strategy for business of all sizes.This guide contains the 7 most important action items that can give you clearer guidance about the tools.
Sales & marketing- marketing to consumers one at a timeeTailing India
Consumers have evolved a lot. Business models are following the consumer evolution. Few disruptions that have happened are internet penetration and mobile phones. Most of the users have multi-screen behavior. From browsing products to compare prices, there are more choices available for users. These have led to an impulsive behavior which has given rise to new marketing challenges. Marketing has evolved where digital marketing is working along with traditional media.
Similar to E-Commerce A to Z Event Presentation In Hyderabad (20)
Acorn Recovery: Restore IT infra within minutesIP ServerOne
Introducing Acorn Recovery as a Service, a simple, fast, and secure managed disaster recovery (DRaaS) by IP ServerOne. A DR solution that helps restore your IT infra within minutes.
Sharpen existing tools or get a new toolbox? Contemporary cluster initiatives...Orkestra
UIIN Conference, Madrid, 27-29 May 2024
James Wilson, Orkestra and Deusto Business School
Emily Wise, Lund University
Madeline Smith, The Glasgow School of Art
0x01 - Newton's Third Law: Static vs. Dynamic AbusersOWASP Beja
f you offer a service on the web, odds are that someone will abuse it. Be it an API, a SaaS, a PaaS, or even a static website, someone somewhere will try to figure out a way to use it to their own needs. In this talk we'll compare measures that are effective against static attackers and how to battle a dynamic attacker who adapts to your counter-measures.
About the Speaker
===============
Diogo Sousa, Engineering Manager @ Canonical
An opinionated individual with an interest in cryptography and its intersection with secure software development.
Have you ever wondered how search works while visiting an e-commerce site, internal website, or searching through other types of online resources? Look no further than this informative session on the ways that taxonomies help end-users navigate the internet! Hear from taxonomists and other information professionals who have first-hand experience creating and working with taxonomies that aid in navigation, search, and discovery across a range of disciplines.
This presentation, created by Syed Faiz ul Hassan, explores the profound influence of media on public perception and behavior. It delves into the evolution of media from oral traditions to modern digital and social media platforms. Key topics include the role of media in information propagation, socialization, crisis awareness, globalization, and education. The presentation also examines media influence through agenda setting, propaganda, and manipulative techniques used by advertisers and marketers. Furthermore, it highlights the impact of surveillance enabled by media technologies on personal behavior and preferences. Through this comprehensive overview, the presentation aims to shed light on how media shapes collective consciousness and public opinion.
This presentation by Morris Kleiner (University of Minnesota), was made during the discussion “Competition and Regulation in Professions and Occupations” held at the Working Party No. 2 on Competition and Regulation on 10 June 2024. More papers and presentations on the topic can be found out at oe.cd/crps.
This presentation was uploaded with the author’s consent.
2. Topics on the discussion today
1) Introduction to E-Commerce
2) Technology options available
3) Understand your business deeper
4) Marketing E-Commerce Business
5) Measuring of E-Commerce
6) Importance of non marketing divisions
7) Grow E-Commerce business
8) Closing notes
9) Question and Answers
4. What is E-Commerce?
exchange of money for goods and services over
the Internet.
Flipkart.com
Bookmyshow.com
Great online shopping festival (GOSF)by Google
started in 2012
www.thegosf.com
This year it’s 11th to 13th Dec 2014
5. Types of E-Commerce?
1) B2C – Flipkart.com
2) B2B – Tradeindia.com
3) C2C – Olx.in
4) C2B – Google Adsense
4) C2G – Income tax e filling
5) E-learning – classteacher.com
6. Why it’s becoming popular?
- It’s convenient – free home delivery
- Low prices – save money
- Saves time – for busy people
- Anytime shopping from anywhere
- Wider product range
- Great discounts & coupons
7. Advantages for E-Retailers?
- Don’t need fancy buildings & infrastructure
- Can set up at low cost areas
- Reduced man power
- The need to maintain inventory
- As growing population is constraint to find fancy
locations
- Developing infrastructure and internet
connectivity
8. Top E-Commerce Sites India?
1) Flipkart – Myntra
2) Jabong
3) Amazon India
4) Snapdeal
5) Ebay India
Source – Comscore 2013
9. Top E-Commerce Sites Global?
1) Amazon
2) Staples Inc
3) Apple
4) Walmart – only 3% online sales
5) Dell
11. Self Hosted E-Commerce Platforms
1) Magento
2) PrestaShop
3) osCommerce
4) WooCommerce – for Wordpress
5) VirtueMart – for Joomla
6) Ubercart – for Drupal
12. Pre Hosted E-Commerce Platforms
No technology hassles just monthly fee or
commission based on sale
1) Shopify
2) Bigcartel
3) BigCommerce
4) 3D Cart
5) Amazon
6) EBay
15. - What is the market size
- Who are your prospects
- What they do & demographic and
psychographic
- Who are competitors
- What is your unique offering
- Define your rules (Ex: what’s app no ads)
16. Understand Business Trends
- Which day of the week you get more orders
- What impact weather has on your business
- What impact school holiday’s has
- Which season or festival drives more sales
- What products are most popular & why exactly
- How other factors impact your sales
- What is the % of new traffic & % of new orders
- What is the % of mobile traffic, tablets & desktops
- What traffic channel is driving quality traffic
17. Analyze all the available
business data and
understand the loop holes
and hidden opportunities
Ex: Snapdeal cash on
deliveries
18. Hire Right People with Right Mix
- Brand Marketers – Digital Marketer
- Data Scientists – Data Analyst
- Story Tellers – Content Writers
- Growth Hackers – Innovative Marketer
Make sure 50% of the team works on data
Companies spend lot of money on advertising and
marketing but not on the human resources & right
talent
19. Invest Your Money in Right
Proportions
Marketing 50%
People 30%
Tools 20%
21. 1) Write your marketing objectives
2) Define your media plan
3) Create campaigns
4)Optimize continuously based on
data analysis
22. Calculate CLTV and Don’t
Spend CPA’s more than that
to acquire a customer
- At least 2 years data required
- Only for existing businesses
- For new business understand how much you can
spend based on your revenue model
23. Don’t think your campaigns drive
100% new users
Check your Google analytics
reports, you see your campaigns
driving returning visitors
24. Market on All Channels
(online X offline)
Every channel has it’s advantage
26. Importance of Social Media
Facebook post life is 1 day &
twitter’s it’s hours
Can get lot of followers & likes
but if not relevant no
business value
27. Don’t Forget Mobile Marketing
(first search may start on mobile)
Get mobile app or optimized website
28. Remarketing is Important
(Only for potential prospects)
1) Google Remarketing
(Based on Cookies)
2) Facebook Retargeting
(Based on Cookies & Emails)
29. Keep Close Eye on your
Advertisements regularly.
Where ever you are paying
money directly needs daily
attention
30. Get more reviews from
customers…genuine
customer reviews have lot
of impact on the new
customers
32. Build Your Brand
When some says the product name your brand should recall
Ex: Google, Apple, Microsoft
People have different opinions on brands, make sure your build them right
33. Automate Your Marketing
- Use right tools to make your job easy
- Sending personalized mails
- Sending mails based on rules
- PPC bidding
- Complaint confirmation mails
34. Take risks and experiment your
ideas
….you may find a gold mine for
your business with new idea
35.
36. Importance of Non Marketing
Divisions
Marketing accounts only 25%
of ecommerce success
38. Product is primary unit in retail.
Keep products in stock always
20% of products drive 80% of sales.
If a product is not selling check why not? Is it
because product is in deeper category
level or does not have demand?
39. Biggest pain to the customer to buy online is
the quality of products, they can’t touch &
feel the products.
Most of the companies are trying to
convince the customers by free 30 days
return…but lenskart.com did it in different
way…they built a feature that you can
upload your pick and see how lens fit to
you.
40. Cash Flows
Another thing is cash on deliveries..it’s
hurting like anything. 60% of the
payments are cash on deliveries
Companies charging additional on cash on
deliveries…and working on rejections as
well
41. Customer Support
(Provide exceptional customer service)
Only customer service team interact with the customers
Provide them right service have right team to deal with
customers. They should be able to manage all the
situations & frustrations of the customers
Respond to customer queries in less than 2 hour
42. Deliveries
(In time & with proper packing)
One of the important area & has lot of impact on
customer satisfaction
Delivery boys are the only people interact directly
with customers in ecommerce. So, they represent
whole company, make sure to train them right
and have dress code to present the company in
right manner
45. Implement Analytics Tracking
On your store
as well as Advertisements
Each link should be tagged so, we know the
value of all the marketing elements
46. Define your KPI’s
(Micro X Macro)
1)Acquisition rate
2)Registration rate
3)Conversion rate
4)Retention rate
What ever you want…..
50. Analyze Data from More Dimensions
- by User Type
- by Location
- by Age
- by Device
- by Traffic Channel
- by Campaign
- by Keyword
- by Operating System
- by Behavior (site search users)
51. Your Site Search Data is the
Valuable Source
- New product ideas
- Important products
52. Segment Traffic Before You Analyze
Overall data gives your wrong
understanding
1) Leaving in 10 secs
2) Leaving in a minute
3) Bounced X No bounced
4) Suspects
5) Prospects
6) New Customers
7) Returning Customers etc
53. Data Fool’s You Some Time
Apply Human Intelligence
Male order value - £54 | Female order value - £45
54. Right Team & Right
Information
Data analysis is most complex task
You data scientist should know all the
ins & outs of your business...if not
you don’t get right insights
55. Data Analysis Heart of
Ecommerce
Right Talent Can Save Half of
Your Marketing Budget and
Drive 50% More Sales in you
Store
60. Acquire more new customers
1) Increasing product range
2) Selling specific product or brand
which is not available anywhere
(Moto mobiles on flipkart)
3) Spending more on marketing
62. Useful Data for Aspiring
E-Commerce
Entrepreneurs
(All the data is from the Indian online shoppers
survey conducted in 2013)
63. Opportunity for E-Commerce?
- Just at infant stage, huge market to occupy
- India is the fastest growing country in ecommerce
$675 billions
$25 billions
India's Retail Market Size by 2015 - 2016
Total Retail Market Size
E-Commerce Market Size
65. Source: Survey by baggout.com
Twice & more in a
month, 44%
Once in a month,
31%
Once in
a quarter, 13%
Very
rarely, 11%
Never, 2%
How Frequently they Shop Online?
66. Source: Survey by baggout.com
0%
10%
20%
30%
40%
50%
60%
70%
Cloths &
Accessories
Books Electronics Home Products Baby Products
What Do they Buy in Online?
67. Source: Survey by baggout.com
70%
43%
81%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
Convenience Variety Discounts & Cashbacks
Why does Customers Buy in Online?
Series1
68. Source: Survey by baggout.com
28%
55% 55%
30%
0%
10%
20%
30%
40%
50%
60%
Credit/Debit Card &
Personal Information
Risk of Bad Quality
Products
Can't Look & Feel Fake/Biased Reviews
What's Stopping to Buy in Online?
69. Source: Survey by baggout.com
41%
45%
12%
2%
Impact of Friend’s Referral on Buying?
Definitely
Consider
No Change
Will Reduce
70. Source: Survey by baggout.com
Yes, 41%
Not a Problem,
26%
May be, 24%
No, 9%
Is Product Suggestions Okay?
71.
72. If you have courage to
dream…you will be the
next person in line to be
in online business
But it takes 5 – 7 years to
get into profits
73. Select the niche
area…understand the
market size & your
prospects…market them
in right ways…do the
best to serve your
customer….you can
make it
74. Around 200 E-Commerce
ventures have been
closed in India till now
allschoolstuff.com
So, It’s not an easy task
If you go with me to business, the probability of
failure is 90%, but it only 30% for innovative
business ideas
75. Get an innovative idea or
use your creativity a to
create your market from
the exiting market
Tata Docomo’s creativity
shaken the entire
telecom industry
76. If you set up a company
“Your every day’s &
single goal is to keep it
alive for tomorrow…at
any cost”
77. If you set up a company
“Your every day’s &
single goal is to keep it
alive for tomorrow…at
any cost”