Monday 28 October 2013

Blog submission for 2nd week

E-commerce in India is booming at a rapid pace, thus the small businesses have found new dimensions of growth  like the big companies like Flipkart, e-bay, Amazon and other big players providing  online market place for SMEs. The e-tailers connect the sellers with the buyers for a commission helping them mutually. There are many growing and sprouting businesses whose survival shall entirely depend on the online market place.

The e-commerce sites provide small scale retailers, who do not have the sufficient resources to set up a physical store- a space to market their products. There have been examples where the small scale businesses have rocketed after partnering with e-com giants. Amazon was the latest to kick into the Indian online market space. 40% of the revenues of the world's largest retailer comes through selling other goods.

Indian e-commerce site Flipkart also exists in the scene by selling others goods, along with theirs. Pragya Singh, associate director of retail, Technopak Advisors, a retail consultancy says that "Online marketplaces come with a ready customer base and provide a level-playing field for small and large retailers"

 

 

 

 

Thanks & Regards

Rahul Jain
12DCP-087

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