Founded in June 2015 by Anil Chopra and based out of Delhi, VegFru connects farmers, suppliers, retailers and buyers on a single platform.
Despite recent government clarifications on foreign direct investment (FDI) in e-commerce and the definition of a marketplace model, online companies continue to flout rules, organised retailers have said.
After getting a stay from the Uttarakhand High Court over the issue of entry tax, Flipkart has sued the government of West Bengal over a similar issue.
In 2014-15, Walmart had an overturn of $485 billion. But the figures have dropped significantly this year, providing Jack Ma to assert his dominance.
India leads Mobile Commerce World
Not China or the US but recent reports indicate that sales of Indian goods through mobile devices accounted for more than 40% compared to sales of its e-commerce. Overwhelmingly it’s more than China and several European countries.
Information from Mary Meeker president of the fund Kleiner Perkins Caufield and Byers, the share of mobile commerce is very high in India, as Snapdeal and Flipkart with revenue coming from mobile devices is more than 70% while the Chinese company Alibaba accounted for only around 50%.
With changed behavior of tablet and smart phone consumers, online shopping from portable devices is very high. Trend suggests that online shoppers seek the convenience of shop anywhere shop anytime.
While India leads M-Commerce, China follows with 35%, followed by the UK, France and Brazil, all of them accounted for as much as 20% while surprisingly US is at the number 7 with 15%.
One of the results of this survey reinforces the fact that M-Commerce may be the only way forward for E-tailers in India.
Online marketers need to know!
I agree this era is of Mobile. Statistics of festival shopping like Black Friday reveals that online orders coming from smartphones is nearly 57%. Walmart reported that sales of smart phones increased by nearly tripled on compared to 2014. This trend may suggest that the end product sales on the desktop will be gradually declining.
When the e-commerce business began to boom there was uncertainty whether online store is necessary?
Today, it appears that there is a need for online store.
Does it mean having an online store will lead to higher sales? Not necessarily. The traffic coming from mobile devices may be higher but it does not mean that the conversion rate is higher for mobile over alternate sales channel for businesses. A study shows that almost 70% of customers gather product information on mobile phones but in terms of sales the conversion rate from the mobiles was quite low.
One of the reasons for conversion rate from the mobile being quite low is the cumbersome process of filling the required information including complete address to pay through mobile is often time consuming and not easy for everyone.
One of the solutions is to make it easy for online customers to make the payment or checkout the most convenient way which will benefit businesses in the long run.
It’s easier said than done but it’s crucial to make mobile purchase process convenient. It does not mean that shopping on mobile will replace desktop or laptop. There are many customers who do not shop online on mobile even once. Such customers continues to use smart phones to read e-mail promotions, visit website, use social media and read reviews before buying.
For businesses to have Omni-channel presence is an advantage. As an online marketer it’s important to note that the consumer may not prefer one channel over another or purchase from only one channel, so business owners should focus on creating a seamless shopping experience on various platforms over the existing.
What do you think makes a great digital marketer? Here’s what some experienced digital marketers thinks:
Top 4 Characteristics of great digital marketer are as follows :
- Customer –Centric Mindset
Good marketers understand their customers’ needs and beyond. Besides understanding the goal of each campaign, great marketers understand their customer’s brand image, voice and how they want to represent their organization to the public.
If you are a digital marketer who is employed by a brand, this is, of course, an assumed. However, for others who work for a digital marketing company; it’s always a great idea to study each and every prospect’s background before meeting face-to-face during the first meeting. For example, you might discover that the target group for a certain prospect is teenagers and as such they have been running campaigns designed for this target group. You also discovered that they may be rebranding to target adults better.
Having this knowledge ready for when meeting the prospect means you’re able to discuss and come up with sample ideas on the fly. In other words, from the client’s perspective, it’s more productive to meet with a digital marketer who already understands their brand as oppose to a digital marketer who comes empty-handed.
- Knowledge-able of Changing Trends
When was the last time you saw a chunky monitor or a bulky CPU? Can’t remember? Well, that’s exactly how fast technology and the digital world changes. Your mobile phone isn’t just for making phone calls anymore either. You use it to surf the Internet, take photos, listen to music, set reminders; it also acts as your pocket book or Gameboy!
Knowing how the world have switched from desktop to smartphone, tablets and portables, means the difference between truly helping customers with their heartaches from the get go, and going on a wild goose chase.
For instance, your client may be getting a lot of traffic already but for some reason they’re not able to keep visitors on their website for longer than 5 seconds on average. After a quick check, you discovered that their website isn’t responsive. Since you are also up-to-date on changing trends, you know that users have switched from desktop browsing to mobile. In essence, this means you would be able to quickly provide the right solution for your client; which is to switch to a mobile-friendly website.
- Good Understanding of the Target Group’s Behavior
Several years back, when we think social media, MSN and Hi5 comes to mind. Today, there’s just too many to add to the list, ranging from Facebook, Instagram, Twitter, Pinterest, to Snapchat and Reddit. Good marketers are individuals who are able to identify which is trending for the different age groups in a right way.
To be able to identify this, a great marketer doesn’t only understand the individual platforms but is also insightful on the behavior of the different target groups. For example, millennial read less, prefers images and loves videos. In addition, they spend hours daily browsing the Internet via smartphones. Given this information, if your client is targeting teenagers and you’re providing recommendations on which channels to focus on, Instagram should instantly come to mind as one of the top options.
Many times over, it’s not just about, ‘what’s trending’, but having a good understanding of different generations, cultural differences and so on, which would allow you to predict how things may change every year.
What may have worked wonders a certain year such as a photo contest might turn out to be a total flop the next year per se.
- Be a Great Consultant
Some of the best marketers strive to become more than entrepreneurs. It is true that it’s the client’s business, but your relationship with every project should be more than just to finish the job, get paid, and be done with it.
Admirable marketers are those who are also both a teacher and an advisor to their customers. Some clients might not be familiar with online marketing. As such there is a communication gap and the best marketers are those who put in the effort to close that gap. For instance, when discussing banner advertisements, you might be thinking of retargeting, real-time bidding and native advertising, while your client have only ever did single-site buys. The result? Your client feels confused, unengaged and simply lost.
A truly effective digital marketer open new doors and opportunities for clients while also being able to effectively explain and advice all the different techniques and options.
The Take Away
In the end, if you want to become a truly admirable digital marketer, think of your client’s business as your own. Try to figure out what they might be thinking about, how they think, what they probably want and then gradually expand from there.
In addition, do lots of reading and research to understand different target audiences and changing trends. Coupled with a clear understand of your client’s business, you would be well on your way to provide your clients with successful marketing campaigns.
Answer Is Now! Yeah it’s time to start your Ecommerce Business!
Top 3 Reasons To Start Ecommerce Business In India.
- India set to become world’s fastest growing e-commerce market: To grow from $2.9 bn to $100 bn in 2020, market capitalization of internet businesses may hit $160 bn
- 40 Million Online Shoppers in India by 2016, Says Study : Online shoppers are expected to increase from 20 million in 2013 to 40 million in 2016, as an additional 200 million Indians will access the Internet in the next three years, with majority of them coming online through smartphones, indicates a new joint study by Assocham and Grant Thornton.
- Future is Click & Retail : A report brought out by Knight Frank in association with the Retailers Association of India, which represents traditional retailers, pointed out that the share of e-tailing in modern retail with jump more than five times by 2019 (to 11 per cent then, from 2 per cent in 2014). During this period, the share of brick-and-mortar retail is likely to fall from 17 per cent to 13 per cent.
There are many great reasons to start an ecommerce business. If you’re interested in being your own boss and selling products you are passionate about, it’s something worth considering. If you want to speed up the process, you could even buy an established business instead.