Scope of E-Commerce Business
Scope of E-Commerce Business
Scope of E-Commerce Business
Reduction in the cost of broadband internet facilities to ensure more people come online.
Encouraging more domain registrations and letting e-commerce websites maintain them at cheaper rates
(at least till they make substantial profits).
Encouraging innovative schemes such as the COD (Cash on Delivery) in a country where credit card use
is not prominent shows how we have eased into this particular niche. A lot of the major e-commerce
websites are based in India and the consistency, and reliability of these sites have shown the people how
hassle-free, shopping and availing services are.
Bringing internet facilities to the rural areas in India as it remains a largely untapped resource and the
possibilities are endless for a major boom in the e-commerce industry, as India’s Internet penetration is
0.5% of the population. If these e-commerce businesses can reach to these regions, their net value can
only increase from the current values.
E-commerce can also spread to newer disciplines such as health services in these remote areas in India
and help in offering health solutions to people who do not have the luxury of hospitals in their vicinity.
This will certainly help once the rural areas are provided with internet facilities and will be a potential
business prospect shortly
Objective of Project
E-Commerce drives profitable growth by expanding customer reach, reducing cost-to-serve, and creating
differentiated customer experiences. Utilizing this powerful tool wisely has become eminently important for
business-to-business (B2B) companies. Looking at the current B2B environment, eCommerce has proven to be
a disruptive force. More and more B2B companies are moving a significant portion of the buying journey
online, and these buyers are increasingly expecting a similar eCommerce experience as consumers.
In order to capture this customer need, companies should first raise the bar on their expectations from their
digital channel, repositioning it from merely a transactional sales channel to an engine of growth and setting
goals accordingly. Secondly, they must examine the buying journey. eCommerce has evolved into digital
commerce, which facilitates an online experience that spans the entire buying journey, from discovery to
evaluation through purchase, delivery, and support. This means that sales are enabled or driven digitally—even
if the transaction itself is not ultimately conducted online. Finally, B2B companies should allocate eCommerce
roles and responsibilities across the customer chain to offer the best customer experience.
Aim of site:
Reach out to a larger audience - internet access is becoming so mainstream now that your
product/service can reach almost everyone on the planet with a internet-enabled device.
Your virtual shop remains open and operational 24x7 even if you/your staff are not working- this might
not be wholly true if your product is a service-which requires immediate human-intervention
In most cases; you need not maintain the whole stock of products
You build your brand more quickly - as more people will know and talk and post and blog about you
on social. Once your brand is build you can diversify easily
For most part; setting up a website and maintaining it is lots cheaper given the plethora of hosting
services available.
Also with the new crop of 3PL partners (within India) like Aramex, Delhivery etc.
Features of e-commerce
Content management capabilities
Promotion and discount code tools
An easy-to-use checkout
Search engine optimized code and layout
Reporting tools
An integrated blog or articles section
Email marketing integration
Multiple payment options (Credit card, PayPal, PO, Terms, etc.)
The ability to scale up with your platform
PLAN OF ACTION
Server
Client
Developer
Connectivity : LINQ
Hardware Specification:
Server:
HDD : 80GB
Client:
RAM : 512 MB
HDD : 40GB
Developer:
RAM : 512 MB
HDD : 40GB
MODULE IN E-COMMERCE
1. Gift card extension
Let your customer purchase gift card on your store in a flawless and effectual way. Gift card can help you
increase your sales rapidly than ever.
The Reward Points Extensions makes your customer more satisfied with reward program and increase loyal
brand.
6. Omnichannel Solutions
Approve your retail with Magento Ecommerce platform’s with Magento Omnichannel Solution. The
Omnichannel extension supports actions in Retailer Kit in addition to inventory management; additionally it
moreover offers advances to check and boost up sales in both sales in both your online and offline store.
7. Language Translator
This is a most worthy extension that every Ecommerce store owners who like better multi-lingual stores should
install. Installing this extension will help you to get to a vast range of customer base.
9. Mobile App
Most of the users prefer to use mobile or smart phones to browse products. Having a mobile app for shopping
helps you to reach to your customers easily without any trouble.
Webnexs Magento Solutions helps to develop custom built Magento Marketplace with amazing extensions.
MODULES OF PROJECT
Modules of Project:
Module 4: Administration
Accounts Section
Sign up with verification
Payment Gateway
Membership plan
Change password
Forget password(SMS GATEWAY)