Question

Introduction to e-com

Submit topic here

. 1 paragraph

5 good sources

TOPIC -- Submit a well-written topic paragraph along with 3-5 quality research sources for approval. Be very focussed and specific in your topic. Broad topics are difficult to address well in a short amount of space and time. [See course calendar for due date] Be specific in outlining the issues and questions you are seeking answers to. “Quality sources” = business journals, academic journals, established (mainstream) digital publications. NOT Wikipedia – though, this is a good starting point, NO blogs.

Answer 1

In the past i.e. a couple of years ago,We used to buy things from a super market or grocery store. Purchasing household items was one of the task on weekend to-do list. As the years rolled, technology advanced and almost all the stores established their online presence and it started offering Home delivery. We still remember the days when we used to go to Dominos store for having Pizza and then take away for our loved ones. And slowly they stated to sell them online with 30 minute delivery guarantee. This was one of the notable change we could say. This guarantee delivery program made customers more confident and satisfied as they used to get Hot Pizza as in store. In the same way clothing stores established their presence in online market. It started with limited area or delivery for few miles. As the volumes of transactions increased and the logistics became accessible and easy. Stores started selling products to far away places also.

As the demand increased, Availability of products in online market increased and It happened to be the biggest change . Companies started selling their products to different counties , states and countries. Today we are able to purchase the products from different regions across the world. Now bottom line is that we can purchase any product online and from any city or country and there is also a feasibility of purchasing goods from the different countries. Now we don't even have to bother about the currency exchanges. Thanks to this Technologies. Below are the few success stories.

Flipkart: This is an Indian company, it was founded in 2007 by Sachin Bansal and Binny Bansal . Initially it was started with Rs 6500 . This platform was initially selling the books across the country. Soon It grew up selling multiple products online and now market value of this company is raised to crores.

Reference: https://seller.flipkart.com/slp/slp-categories/success-stories

PayuMoney: This was a digital payments solution platform. It offered platform to may customers who wished to sell the products online. This was really very good platform not just because of its presence but also because of the pricing and support. Every account has its dedicated manager to look after them.This was initially supporting as the gateway from giant customers, This have also started to offer the platform to its customers where they can sell the products through a fully customized and preset web solution. It was also technically upgraded to accept all online wallets and Google Payment solutions. This will process the money transactions very quickly such that customer recieves the funs in their accounts.

Reference: https://blog.payumoney.com/category/success-stories/page/2/

Amazon.com: This happens to be the biggest leader in E commerce industry. This started with very low capital and now selling products to different companies in wholesale and millions of customers in online market. Soon this moved to be e very successful online platform.The founder of this company Jeff Bezos once listed as the richest man in the world. The logo of this company typically the arrow indicates that it contains the products from A to Z meaning everything is available on this site.

Reference: https://services.amazon.in/resources/seller-success-stories.html