E-Business In India

5595 Words23 Pages
Performance of E-business in India: A comparative study
Abstract
Introduction
The great Indian shopping experience has found a new paradigm shift. Gone are the days when one would go to a shop to see, touch and get a feel of the product, before buying. The confidence of the Indian consumer has gone up by leaps and bounds. They have not only put aside the whole “brick and mortar” shopping complexes, but also accepted the “virtual” shopping sites with open arms. The success of the online business in India can also be seen by the number of start-up business that have come to India. (For more details please refer to http://trak.in/india-startup-funding-investment-2015/). Every other business that starts today, is an online business. The main reason
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It is headquartered in San Jose, California, United States. eBay was founded byPierre Omidyar in 1995, and became a notable success story of the dot-com bubble. Today, it is a multi-billion dollar business with operations localized in over thirty countries. It is an online auction and shopping website in which people and businesses buy and sell a broad variety of goods and services worldwide. When eBay was founded in 1995, it was as radical and cutting-edge as many of the other "dot com" startups launched in that era. Today, however, eBay is one of the world's most venerable online companies—not to mention one of the most endlessly emulated and discussed. eBay, is a little different from other online stores in the following way. It provides a place to buy and sell products but it is a meeting place, and not a store. This means that eBay doesn't actually sell any goods itself. All of the goods on eBay are sold and delivered by third party sellers that are neither employed by, nor have any other relationship with, eBay itself. Instead, eBay's business is to give entrepreneurs and sellers a place to reach buyers, and to give buyers access to the world's largest collection of things for sale. Because of the immense variety of things that can be found for sale on eBay, many members have discovered that eBay is one of the best…show more content…
Buyers and sellers in India had access to a global trading community of 135 million users in 32 markets worldwide. In addition, Indian buyers and sellers could enjoy a more stable and robust platform, tools such a Turbo Lister and Selling Manager Pro that made selling more efficient and world-class trust and safety measures. With that, eBay brought great potential for Indian entrepreneurs to trade globally especially in categories such as apparel, leather, collectibles, handicrafts and jewellery. It also allowed Indian users to trade locally, regionally and globally along with the rest of eBay’s worldwide community of users. At that time, no other web site offered Indian traders a proven local service with an international reach. Indian users could use their single eBay India ID to trade internationally. Indian sellers could sell their product by listing them on any of the 32 eBay market sites. Similarly, Indian buyers could also choose to buy products from any of the eBay local sites. eBay India (www.ebay.in), India's leading online marketplace, is India's biggest online trading community where anyone can sell or buy almost anything. eBay India is a trading platform offering auctions, quick buy and classifieds modes of person-to-person trading. There are a wide range of products listed on eBay India in an array of categories including Art & Antiques, Apparel, Bollywood, Books & Magazines, Cars & Bikes, Computers,

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