Online Web ShopBy-Yash Patel (14) &Mayank Jalan (30)

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“Whoever said money can’t buy happiness simply didn’t know where to go shopping.”

-Bo Derek

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What is an online Web Shop?

• Is the selling of goods and services on web.

• Customer’s don’t need to search for parking space in front of

retail store, don’t 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.

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• 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.

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Why Shop Online?

 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%)

Website Management & Usage

Add ProductAdministrator

Add Customer

Update Product

Delete Product

Login

Customer Shopping Cart

View Products

Searching

Registration

DataBase

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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 door-step

5. Web site earns profit even when goods are sold on discounts

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Shop on secure websites• To make sure a site is secure when you checkout, look

for https:// in the web address.• Read the site’s 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:

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Advantages• Usability and easy access

• Better deals , savings & rewards • Everything at one place

• Old, New, Used products available

• Saves our transportation hassle

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• 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.)

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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

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Recent Trends in India• 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.

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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’

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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

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Thank You