1

ITT 12-13

Online Web Shop

ByYash Patel (14) & Mayank Jalan (30)

2
ITT 12-13

Whoever said money cant buy happiness simply didnt know where to go shopping. -Bo Derek

3
ITT 12-13

What is an online Web Shop?

Is the selling of goods and services on web. Customers dont need to search for parking space in front of retail store, dont have to wait too long in the cash counter to make the payment, no need to search for particular product they need. Shopping whenever, whatever, wherever.

They have to log into web portal, just click on the product they want to
purchase, make payment through credit cards.

4
ITT 12-13

Breaks all geographical boundaries by making available all the products and services through web.

Includes Travel as well as non-travel products

Consumers can browse through large database of products and they can compare them with other provider, add the product in their shopping cart

or put it in wish list to buy that product in future.

With e-shopping, one can reach to global markets and can meet global customers.

Why Shop Online?

ITT 12-13

A different Nielson Online Survey(USA) discovered the most important factors people shop online are:
To save time (77%) To comparison shop (61%) To find things easily (56%) Low prices (46%) Free shipping (24%)

6
ITT 12-13

Website Management & Usage

Add Customer Add Product Administrator Update Product DataBase Delete Product Login

Registration
Searching Customer Shopping Cart View Products

7
ITT 12-13

How does an Online transaction take place?

1. Web site gets the product directly from the manufacturer at a lesser rate (Eg. 40% less than the M.R.P.)

2. Consumers can see such products advertisement online at discounted rate (10% lesser than M.R.P)
3. Product is purchased by the consumer, either by Plastic money , E-money, or C.O.D. (Delivery Charges extra) 4. Consumer happy to receive the good at discounted rates right at his doorstep 5. Web site earns profit even when goods are sold on discounts

8
ITT 12-13

Shop on secure websites

To make sure a site is secure when you checkout, look for https:// in the web address. Read the sites security policy. Look for a symbol of security on the website such as a Better Business Bureau logo or one of these symbols before checkout:
A picture of a closed lock: VeriSign :

Better Business Bureau:

9
ITT 12-13

Advantages
Usability and easy access
Better deals , savings & rewards Everything at one place Old, New, Used products available Saves our transportation hassle

10
ITT 12-13

Larger stock to choose from Product reviews from other customers Comparison shopping Every type of product available (Baby products, Self defense Kits, Medicines, Books etc.)

11
ITT 12-13

Disadvantages
Hacking Leaking of Personal Details(Credit Card nos. etc.) Lack of touch, feel, try experience Offering too many options : a crowded site will often lead to distraction. Putting out-of-stock items in the website

12

Recent Trends in India

ITT 12-13

Growing reach of Internet , Growth of E-Transactions Advertisements on Televisions inducing people 4 out of 5 internet users shop online (search or buy online), translating into a 50 million strong online consumer base.

13
ITT 12-13

Future of E-Shopping
Indian consumers are showing greater appetite to transact online, fuelling the e-commerce boom, said Anuj Kumar, CEO, Affle. Growth of 70% during 2011-2012. Same growth is being predicted for 2013 Increase of E-Shoppers due to rise in disposable income among middle class people Electronic product sites showing a growth of 12%. Comparative multi-brand sites to show a growth of 25% As per IAMAI, current e-commerce market in India is around US$ 10 billion The market is also showing the potential to reach upto US$ 240 billion by 2024-25

14
ITT 12-13

Conclusion
Despite of all odds and challenges, E-Shopping showing a growth every year.

With new technology comes better ways of doing things

India entering into the Internet Trading age.

Thank God we're living in a country where the

sky's the limit, the stores are open late and you can shop in bed. THANKS TO THE INTERNET. -Joan Rivers

15
ITT 12-13

Thank You