I am delighted and proud to have successfully completed and presented the project report titled "Market potential survey for E-Marketing ND E-commerce in Barmaid city area" within the given timeframe. This project is a significant milestone in my professional life. I want to express my gratitude to Mr. Ankhs Deere, Director of Deere Consultancy Services Pet.Ltd., Pun, Miss Ashland Planned, and my colleagues at Deere Consultancy Services for their guidance, cooperation, and united support throughout the project. They not only offered guidance but also provided practical skills necessary for effective management. I am truly thankful for their support and guidance.
I would like to extend my thanks to Dr.S. S. Jihad, Director of S.V.P.M.s Institute of Management, for his valuable support and belief in me. I am also grateful to Prof.S.B.Prewar, my project guide, for his timely guidance and valuable suggestions during the project
...work.I would also like to acknowledge Prof.Inelegant Done for their continuous support and motivation.
I would like to express my gratitude to my friends and family for their unwavering support during the completion of this project.Their encouragement allowed me to focus wholeheartedly within the given time frame.I am also thankful for all those who provided direct or indirect support in undertaking this project.
The Internet has revolutionized our world, improving access to information, connecting people globally, and enabling the sharing of various media forms. This shift in connectivity has resulted in a decline in traditional media distribution like television, radio, newspapers, and magazines. E-Marketing refers to using this connected environment for marketing purposes.
E-Marketing includes different strategies but adopting a user-centric and cohesive approach is crucial for success. Marketing involves engaging in conversations, wit
the Internet serving as the central hub for these interactions. It allows us to observe and track these conversations while serving as an entry point for all parties involved.
Recognizing that India alone has over 100 million internet users, organizations have realized the importance of enhancing their online operations. Among these users, 40 million access the internet from work and 30 million do so from cafes. Additionally, there are 12 million households with broadband connections and another 40 million internet users who access it through mobile phones. With India's current internet penetration rate at 6.9%, there is great anticipation within the IT industry for further growth.
Recent advancements in telecommunications and computer technologies have made computer networks vital to economic infrastructure. Therefore, e-marketing and e-commerce firms can expect a promising future ahead.Many companies in India are now conducting transactions online, particularly in business-to-consumer E-commerce. This has resulted in a significant share of revenue being generated. Consumers benefit greatly from E-commerce as it offers lower costs, a wider variety of goods, and time-saving convenience. With just a simple click, one can purchase goods without leaving their home or office. Experts predict that there will be substantial overall growth in E-commerce in the coming years, with business-to-business transactions contributing the most revenue. Additionally, industries such as financial services, travel entertainment, and groceries are also expected to experience significant growth.
E-commerce presents considerable opportunities for developing countries like India due to the low cost of personal computers and an increasing number of internet users driving its growth. According to the McKinney-Mascot report projections, by 2012 E-commerce transactions in India will reach $150 billion. The attractiveness of India as an E-commerce market
is underscored by the fact that its middle class alone comprises 288 million individuals, which is equivalent to the entire consumer base of the United States.
Recently, there has been a surge in companies participating in E-commerce activities. Leading Indian portal sites have shifted their focus from advertising revenue to E-commerce and now offer a diverse range of products and services including flowers, greeting cards, movie tickets,
groceries,electronic gadgets,and computers.The emergence of online stock exchanges in India has revolutionized commerce. However, E-commerce faces obstacles such as limited credit card usage and public unawareness about payment methods. Delivery services to smaller cities and rural areas are often unreliable through couriers and postal services. Nevertheless, several Indian banks have introduced internet banking facilities specifically for the booming E-commerce market. There have been improvements in speed post and courier systems in recent years as well. Advanced computer technology like SSL helps protect against payment fraud while facilitating information sharing with suppliers and business partners. With enhancements made to payment and delivery systems, India is expected to become a major player in the E-commerce market. However, there are crucial obstacles that need to be overcome for E-commerce to truly benefit the general population.
Many companies, organizations, and communities in India have embraced E-commerce to provide value for customers and stay competitive in a challenging market. Successful online retailers like flippant.Mom, infinite.Com, and eBay.N have recently emerged. Nonetheless, consumers often switch between websites in search of the best deals. Factors such as website effectiveness, user-friendliness, loading times, graphics, security features, browser compatibility, and professional appearance can also impact customer retention.New technologies such as Near Field Communication (NFC) simplify touch-based transactions and data exchange,
making them ideal for smartphone payments. Online shopping has become more convenient with various payment options available including cash on delivery, credit cards or debit cards with Mobile Money Exchange (MME) facility), and bank transfers. Retailers offer guarantees like a "7 days return without questions" policy and "in transit insurance" to enhance product security, thereby making online shopping more secure. The integration of logistics into online retail has significantly reduced the time it takes to deliver products – now they are delivered within days instead of weeks. E-commerce businesses have streamlined their operations through logistics services that provide pickup and drop facilities, further reducing lag time. Despite the potential of e-commerce and e-marketing in India, there is still uncertainty among both customers and retailers. Traditional businesses hesitate to engage in online trading due to lack of awareness while consumers remain unsure about conducting transactions online. However, most banks implement security measures for online transactions to prevent hacking and fraud. For instance, a passcode sent to a registered mobile is required for completing a transactionThe increasing number of internet users is expected to drive rapid growth in potential customers for online businesses. Entrepreneurs with low capital requirements can now start new ventures online, thanks to platforms like eBay that offer all necessary facilities and tools for setting up an online shop. This accessibility extends even to individuals with limited internet knowledge.
E-commerce in India has significant untapped potential and is projected to continue growing strongly as multinational companies like Amazon.com expand into the Indian market. The opportunities for e-commerce in India are increasing as people become more reliant on cell phones and web-savvy. Integration of e-commerce with
other technologies, such as social networks like Backbone, will play a significant role in shaping the e-commerce world and influencing product popularity.
Looking ahead, E-commerce will revolutionize the industry in India. As someone who obtained my first savings account with net banking from Axis Bank in 2004, I have been an enthusiastic online shopper experiencing both positive and negative aspects of online shopping from various websites throughout my journey.I chose Marketing and E-commerce as the subject of my project to gain insights into both consumer and retailer perspectives on E-commerce and E-Marketing. E-Marketing, also known as "Online Marketing," includes information management, public relations, customer service, and sales. The availability of internet services has contributed to the growing popularity of E-commerce and E-Marketing. Essentially, E-Marketing is the application of information technology to traditional marketing functions. By integrating it with traditional marketing, efficiency and effectiveness are improved while creating value for customers and managing customer relationships for organizational benefit and shareholder success.
The technological revolution in marketing strategies has led to new business models that enhance customer value and increase company profitability. The growth of the internet and mainstreaming of internet technologies have allowed for marketing convergence, enabling comprehensive strategies through seamless integration of E-Marketing with traditional marketing. This convergence extends to various digital technologies like mobile phones, digital cameras, and PDAs which have integrated with E-Marketing activities.Convergence is a significant theme in e-marketing as it allows businesses to utilize digital technology to attract and retain the appropriate customers and partners. Furthermore, e-business combines various processes such as product purchasing and selling. E-Marketing encompasses digital communication, e-commerce, and online research across all business disciplines. It is crucial to note
that e-marketing is just one aspect of an organization's overall business activities. Internet marketing includes diverse business models including Business-to-Business (BIB), Business-to-Consumer (BBC), and Peer-to-Peer (POP). BIB involves companies engaging in commerce with each other while BBC entails direct sales to end consumers. The emergence of the BBC model predates BIB transactions during the early days of Internet marketing. Another less common model is porter-peer (POP) where individuals exchange goods between themselves.
E-Marketing provides numerous advantages. It offers businesses of all sizes affordable access to a broad market for personalized and targeted marketing efforts. Importantly, it enables websites to connect with internet users worldwide, facilitating expansion into new markets and fostering global competition. Moreover, E-Marketing campaigns are more cost-effective than traditional methods for reaching the right customers. These campaigns also provide traceable and measurable results;Email or banner advertising provides detailed information on customer responses and engagement metrics, such as click-through rates and cursor hover data. By having an E-commerce website or placing online advertisements, potential customers can conveniently explore and purchase products at any time. This grants them the freedom to shop whenever they desire. Additionally, integrating customer information with a website's database allows for personalized offers based on previous shopping data to be presented to returning customers. As customers continue to make purchases, their profiles become more refined, making it easier to target them with relevant offers.
E-marketing also offers companies the opportunity to instantly connect with individuals interested in learning about their products and services through mobile devices. The combination of mobile technology and personalized marketing strategies enables the creation of interactive campaigns that utilize music, graphics, animation, and videos. These captivating advertisements can take
various forms like games, quizzes, animated banners or any other means to engage customers' interest in the product.
Furthermore, having a company's website enables better conversion rates as customers can easily purchase products through clickable links rather than physically taking actions like calling or visiting a physical store. E-Marketing seamlessly facilitates this efficient process.Pay Per Click (PC) is currently the most popular form of online marketing, and its popularity is expected to continue growing in the future. It is considered a straightforward yet effective approach for companies looking to promote their products and services on the internet. PC advertising provides quick access to the target market, increasing opportunities for generating business leads and sales. However, successful PC advertising requires careful planning to effectively target specific customers who are interested in what the company offers. Generating effective keywords that align with customers' search queries is an important part of this planning process. Advertisers may face restrictions on bidding for keywords if they have low click-through rates. In a market saturated with similar products and services, it is crucial for companies to pay attention to competitors and strive to be the best. Instead of using common terms, companies should create unique keywords and develop an ad campaign strategy that effectively represents their products. Pay Per Click campaigns offer cost-effective advertising options, allowing companies to choose minimum bids on keywords and connect with targeted buyers actively searching for their products easily. This type of advertising also serves as a fast and easy medium for all types of businesses.
Pay Per Click (PPC) does not require extensive content management or link building campaigns like organic search engine listings. However, it is
crucial for the landing page to include all necessary information that can persuade potential consumers. By directing visitors to relevant pages, companies can enhance their purchasing experience and generate more interest in their offerings. Thorough campaign reports received on a daily, weekly, or monthly basis effectively help track campaign progress.
Electronic commerce, commonly known as e-commerce, refers to the buying and selling of products or services over electronic systems such as the Internet and other computer networks. It encompasses all aspects of developing, marketing, selling, delivering, servicing, and paying for products and services online. E-commerce is not limited to online transactions; it extends to various technological advancements like electronic funds transfer, supply chain management, internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems.
The widespread use of the Internet has resulted in a significant increase in electronically conducted trade. While the World Wide Web is primarily utilized for modern e-commerce transactions, other technologies such as email communications system mobile devices and telephones also play a role in facilitating these transactions.A significant amount of e-commerce takes place virtually through services such as access to premium website content. However, the majority of e-commerce involves the transportation of physical goods. Online retailers or e-tailors can be found on the World Wide Web. The business-to-business (B2B) model refers to electronic commerce conducted between businesses and can either be open to all interested parties or restricted to specific participants within a private electronic market. Business-to-consumer (BBC) electronic commerce involves transactions between businesses and consumers. This type of commerce is evident in online shopping where buyers connect directly to sellers' computers via the internet. These
transactions are completed electronically and interactively in real-time, as demonstrated by new book purchases on Amazon.Com. In some cases, intermediaries like eBay.Com may play a role in sale or purchase transactions. Electronic commerce, or e-commerce, primarily focuses on the sales aspect of business. However, if an e-commerce website experiences slow Internet connections, it can result in delays in loading time. Despite these limitations, both E-Marketing and E-commerce have proven their benefits for business transactions by facilitating data exchange and simplifying financing and payment processes."
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