A Synopsis Report On Web Based E-Commerce Submitted by (BCA)
A Synopsis Report On Web Based E-Commerce Submitted by (BCA)
A Synopsis Report On Web Based E-Commerce Submitted by (BCA)
On
WEB BASED E-COMMERCE
SUBMITTED BY
(BCA)
ABHISHEK SINGH
STUDENT ID : ( BC2019050)
SOMENDRA PRATAP SINGH
Student Id: (BC2019027)
ANIKET SHARMA
Student Id: (BC2019045)
ANMOL SAXENA
Student Id: (BC2019030)
INTRODUCTION
The Project overview /background is that There has been a lot of media coverage
on E-Commerce in recent years. However, the concept of E-Commerce is still
unclear to many people due to its newness. For business executives, it is even more
mysterious since there are no proven business models for generating profits.
Conducting research in the E-Commerce area reveals a few dominant trends:
The purpose of any e-commerce website is to help customers narrow down their
broad ideas and enable them to finalize the products they want to purchase. For
example, suppose a customer is interested in purchasing a mobile. His or her
search for a mobile should list mobile brands, operating systems on mobiles,
screen size of mobiles, and all other features as facets. As the customer selects
more and more features or options from the facets provided, the search narrows
down to a small list of mobiles that suit his or her choice. If the list is small enough
and the customer likes one of the mobiles listed, he or she will make the purchase.
The challenge is also that each category will have a different set of facets to be
displayed. For example, searching for books should display their format, as in
paperpack or hardcover, author name, book series, language, and other facets
related to books. These facets were different for mobiles that we discussed earlier.
Similarly, each category will have different facets and it needs to be designed
properly so that customers can narrow down to their preferred products,
irrespective of the category they are looking into.
The takeaway from this is that categorization and feature listing of products should
be taken care of. Misrepresentation of features can lead to incorrect search results.
Another takeaway is that we need to provide multiple facets in the search results.
For example, while displaying the list of all mobiles, we need to provide facets for
a brand. Once a brand is selected, another set of facets for operating systems,
network, and mobile phone features has to be provided. As more and more facets
are selected, we still need to show facets within the remaining products.
LITERATURE REVIEW
The Electronic Commerce, or E-commerce, industry is one of the most
enlightened sectors of the economy. The industry is growing very rapidly,
so data collection and estimation are particularly difficult. Therefore, one
has to rely largely on research by both government and private
oraganisation.
Sell More:
The only objective for you to move your business online or start your
business online is to reach more people. To thrive in the eCommerce
industry, you need to upscale your business and increase your ROI. But,
to do so, you need to adopt market strategies that have worked well for
you! Design your marketing plan to boost your growth, increase your
sales and generate more leads for your business in just a few clicks.
With Builder fly’s integrating marketing tactics and innovative
solutions, grab the attention of your customers and make them enter
your sales funnel.
When you start selling online, the investment cost of starting and
operating a business goes down. However, with Builder fly, you can
begin your business absolutely free at zero cost investment. By
establishing an ecommerce store, you literally need no physical
presence of your store and save on several fixed expenses – rent, hiring,
stock maintenance, and more. To manage your e-commerce business
effectively, all you need is Builder fly’s one-stop management
dashboard that will allow you to do so. And by having Builderfly in
your corner, you get to start an E-Commerce store with zero investment.
And you get access to several in-house tools to run your marketing
campaigns and grow your business online. Get started with Builderfly
and increase traffic to your online store for free!
Improve Customer Loyalty:
Every business strategy revolves around customers. With Builderfly, you
can make your consumers your focus point and interact with them to give
them an incredible experience. This allows you to manage your loyal
customers and generate new leads for your business. Ready to build your
brand credibility to sell more and earn more?
Methodology
Over the past decade, I’ve come across every imaginable flavor of these documents.
They range from a one-pager summary listing URLs of ecommerce sites that
someone likes to Excel spreadsheets with thousands of question lines built by
expensive ecommerce consulting firms for their clients. Often, project briefs and
even elaborate RFPs fail to provide key input required for a high-level
implementation project estimate. I think it happens because merchants obviously
don’t initiate such projects very often and therefore lack up to date domain
expertise. Indeed, over the last few years, our industry has given birth to AI-driven
product recommendations, micro services-based architecture, API-driven headless
commerce, social commerce, cross-channel shopper behavior tracking, augmented
reality product showcasing, and many more innovative features that help build
unique and amazing online shopping experiences. It’s genuinely had to cut through
complicated aspects of technology and to focus on what can make real a difference.
Many a time, service providers don’t help either, claiming sacred knowledge and
inflating value of some site features that have long became a commodity or
offering some exotic services that may not be appropriate to a specific merchant.
*Hardware/Software Used*
The bare minimum requirements for running an eCommerce website that is not too
complex or does not have to handle heavy website traffic are: CPU: 1,6 GHz for
web, 4 x 1,6 GHz CPUs for web and database hosting. RAM: minimum
4GB. Minimum database space: 10GB.
Software
Spotify.
Big Commerce.
Woo Commerce.
Magneto.
Square space.
Wix.
Google Analytics.
Looker.
Abraham, C., R. R. Sims, S. Daultrey, A. Buff and A. Fealey. 2019. How digital
trust drives culture change. MIT Sloan Management Review (Spring): 1-8.
Aral, S. 2014. The problem with online ratings. MIT Sloan Management
Review (Winter): 47-52.
The books that are useful for knowing about E-Commerce are given here. These
are available online and can be downloaded for learning.