Aspiring to be part of the player in the Ecommerce marketplace? What I should do and how I would be part of? If these questions nagging you, then the information below will help you to know how you can be part of and grow your business.
How Flipkart, Amazon, and Alibaba reached Sounding Success?
There is nothing secret, their business model only makes them reach greater heights.
These websites haven’t built in a single day. It involves more than 1000 hrs of manpower to deploy those websites. These Ecommerce website infused with multiple features to benefit marketplace vendor, sellers, and customers.
Flipkart has evolved from an online bookstore to an ecommerce giant with a revenue of over $2.5 billion by the year 2016.
Technologies used by Flipkart and Amazon
Ecommerce sites like Flipkart, Alibaba and Amazon are created chiefly on PHP. These sites provide the feel like real-time shopping. The sites are very responsive.
- • All their software function on Linux – Debian and most of the other systems are not built ever on Java. But they take JVM for their use.
- • Flipkart uses MySQL for data storage, and for caching it uses Memcached.
- • Flipkart uses Hadoop software for some projects to manage the data easier.
So how Flipkart works? What is the Business Model of Flipkart?
Flipkart is an India’s largest online shopping website based in Bengaluru, India. Founded by Sachin Bansal and Binny Bansal (no blood relation) in 2007.
The service competes primarily with Amazon’s Indian subsidiary and the domestic rival Snapdeal. As of 2017, Flipkart held a 39.5% market share of India’s e-commerce industry. Flipkart is significantly dominant in the sale of apparel (a position that was bolstered by its acquisitions of Myntra and Jabong.com), and was described as being “neck and neck” with Amazon in the sale of electronics and mobile phones. Flipkart also owns PhonePe.
There are two types of ecommerce business models:
1. Inventory model: From large scale warehouse to small god-owns are used to procure or store the products. Packed and shipped as per customer orders from the warehouse itself.
2. Marketplace model: E-commerce marketplace model adheres to the standards and directions of a zero inventory model. The e-commerce marketplace becomes a digital platform for buyers and sellers without warehousing the products. Marketplaces do offer shipment, delivery and payment help to sellers by tying up with some selected logistics companies and financial institutions.
Flipkart started with inventory model, but now they shifted to marketplace model. With a marketplace model, Flipkart will no longer have an inventory of its own, rather buyers can deal with sellers directly and the delivery will be done by Flipkart. The model will be similar to Amazon, eBay India or Tradus.(Tradus is Romanian word).
How to build an E-Commerce store like Flipkart or Amazon?
If you are planning to build a similar ecommerce website like Flipkart, as a leading ecommerce website development company in India, we can assist you.
N2R Technologies offers you a one stop solution for your ecommerce business. A good online store is a best way to communicate your point across, we become your best assistant in building your first ecommerce interface between you and your customers.
Starting an e-commerce website means considering different dynamics of making the experience of buying and selling an efficient one for the customers and vendors. This includes the following:
Look for Domain Name
Domain service selection is not that much ease. To make it simple, we have listed some criteria to look while purchasing a domain.
- Look for the space provided
- Cost Categorization
- FTP Access
- Loading Speed
There are multiple hosting services available in the market. GoDaddy and DYN are the popular web-service used. Choose your domain name with familiar words so that the customers hooked on your site.
Leverage the power of SEO
Today, the websites are reliant on content for google ranking. Need to provide a realistic experience, the content will do it for you.
Launch Your Website
Launching is not just stopping with hosting the site on the net. You need to take some actions to reach customers. Either online or offline, you need to brand your website.
Ample of marketing strategies to reach visitors for the marketplace store. We have listed to make your choice easier.
- Television Ads
- Social Networking
- Email Marketing
Enables the vendors to manage their orders, create invoices, shipments for the same. Effective order management being handled by the sellers itself helps infuse efficiency in the larger goal of customer satisfaction.
Separate shop page for vendors:
E-commerce website like Flipkart, Amazon offer separate shop pages for different sellers that list the products of that particular vendor only and also includes details provided by the seller at the time of registering on the marketplace.
Online payment and different payment modes:
In order to make the payment system more robust for the customers as well as the sellers on their e-commerce platform online payment is integrated within the multi-vendor marketplace itself. With the inclusion of online payments, the conversion rates also improve.
Easy returns and refunds:
Multi vendor marketplace in order to establish credibility and facilitate returns allows for easy refunds to the customers purchasing products from their platform.
- Wishlist or buy later
- Easy sharing opportunities to Social Media
- User reviews, comments & product ratings
- SMS and Payment Gateway Integrations
- Versatile online payment methods including COD, debit & credit cards
- Logins through social credentials for shoppers and sellers
How much does it cost to build an E-Commerce store like Flipkart?
Usually it would cost around some USD 8000 to USD 10,000, but N2R Technologies charges around USD 1199 to USD 6099 to develop website like Flipkart or Snapdeal. N2R Technologies is the best ecommerce solution provider in the market that helps you to build an Ecommerce website with amazing features.
The advanced technology provided by N2R Technologies helps you to effortlessly run your website, manage the amount of products in your store, your shipment details as well as the payment gateway. N2R Technologies presents in excess of 25+ payment gateway for the handiness of your consumers. You can readily agree to Visa, MasterCard, Discover or Amex credit and debit cards from your customers.