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Intenet Marketing in India Opportunity and Challenges
Presented by-Satyajeet Suman
Agrim Verma
Manav Kauldhar
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Payments
Logistics
Cyber Crime
Vendor management
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Payments-Net payment involves sharing some revenues(4% or more). With a thin profit margin itmeans parting with half the profits.
Business also have to factor fraudulentcharges and charge back in their businessmodel.Most end consumers are sceptical whilepaying online, which has forced e-tailers toorganise unconventional methods ofpayment
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Payments - Very often the payment carry the baggage ofoctroi , entry tax, VAT, and several state-specific forms that can be baffling.
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Customers want their goods delivered inperfect condition and within a specific timeframe .
Regular posts are not a viable option andcouriers have their limitations in terms ofreach. All this adds to the costs.
Shipping high- value goods might need aninsurance which is an additional cost
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Cyber crimes include criminal acts suchas viruses , phising, and denial of service
attacks that causes E- commercewebsites to lose revenue.
Apart from the financial loss, the
companys reputation is at stake. For thecustomer , it is a loss at the mere pushof a button
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CyberCrime
Virus
Phising
Botnet
Spoofing
NetSpionage
E-BankTheft
Denial ofService
Softwarepiracy
Spam
Onlinecredit card
fraud
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Vendor management
Very often, vendors end up dealing withan inefficient system for inventory
management that affects the deliveryprocess.
In most cases, there are no digital data
for product, no appealing visual, and nomechanism to check daily prices.
When sites are not updated regularly,they cease to attract new buyers.
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Area of Concern Quality of goods and services is concern . E-
commerce firms need to focus on this. Security ispromised but not always delivered.Increasedinvestment in securities will bring morecustomers to this platform.
Establishing trust and winning confidence is noteasy. Brick and motar stores tend to be moretrusted.
Delivery times tend to be a problem. Too manycases of late delivery or damaged goods have
made buyers suspicious. Logistics must improve .
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Some facts about India and the Internet
Internet country code- .in Internet service provider- 240(2012) Internet hosts-4,536,000 Internet users- 120 million+ Internet pentration-Approx 9% of population Number of internet connections-22.39 million Broadband internet users- 13.35 million Users who access internet from their phone- 63% Avge broad band speed- 256 kbps
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