On all products
With Flipkart being acquired by Walmart last May, there’s an air of optimism in the Indian startup space. What looks like the end of horizontal commerce, what does this mean in the grand scheme of things?
The deal has seen India emerge as the final frontier to the path to global retail domination. Keep in mind this would turn out to be a face-off between all the top online sellers such as Amazon, Alibaba and Walmart.
With the deal sealed off, the founder, Sachin Bansal, will be exiting the Koramangala based company. Sachin and co-founder Binny Bansal founded the company having a brief stint with Amazon. They operated within an apartment building in Koramangala.
The Flipkart-Walmart deal will commence the second phase of India’s e-commerce journey. This will see a significant player, projected to be Walmart, consolidate itself in India. This phase is expected to be primarily business and integration driven. The first phase mainly had high competition and high-risk business models which, in the long run, turned out to be futile.
Amazon is also said to have expressed their interest in buying out Flipkart. With Amazon having a 27% hold in India’s e-commerce market share, Amazon also saw Flipkart as key in their pursuit of growth.
Walmart, trying to enter India for years, had a joint venture with a local company in India that was started in 2007 and called off in 2013. However, due to the country’s restrictions on foreign investment, their presence was mostly invariable.
The deal is reported to be around 16 billion for a 77% share in Flipkart, the largest deal in Walmart’s history. A growth in Flipkart’s online fashion market share, standing at around 40%, is expected to be seen.
A competition in the prices of goods is also forseen with the Flipkart- Walmart deal. Bringing its low price game to India, Amazon is only expected to follow suit, resulting in ever lower prices of goods.
An analysis of Flipkart in the next few years would only see them generate losses, although meaningful. This has also seen Walmart’s shares go down by 4% and a 10 billion dollar m-cap decrease.
An attraction from worldwide investors to India will be seen as a positive for startups all over the country. With Walmart all set to make its mark, US businesses will look to get into India directly and not through venture capitalism.
Although everything seems positive, the biggest hit will be taken by the Indian online sellers, who’d have to compete with industrial veterans like Amazon and Flipkart. We have no choice but to wait and see what the Indian e-commerce has in store for the country.
Amazon has risen as a top-level E-commerce giant in the last couple of years and it’s no surprise as they were just named the world’s best business. Here we look at a few key reasons as to why Amazon is unstoppable.
With Amazon new Echo being dished out as an all-round personal assistant that can function to play songs, check the weather and even give out facts about your favourite artist and also a drone delivery system in the works, it only seems fair to call this product as an innovation.
Amazon’s overall success can be primarily attributed to their CEO Jeff Bezos, who saw the risk in a product like Echo. But it delivered, with Echo selling over 22 million units in 2017 alone which leads us to the next key reason.
Execution of the highest level
They’ve been exceptionally well when it comes to customer service, with tools that encourage its users to track their packages while also having a steadfast set of customer service employees. With many awards being given to this department, they’ve become a real juggernaut in executing their deliveries.
Amazon’s also building up their plans to invest heavily in Europe, making opportunities for many employees. Their economic presence cannot be denied, with nearly 44% of e-commerce sales in the USA in 2017 coming in just from them.
Wide range of products
If someone in 1995 were to make a crazy prediction that in the year 2017, Amazon, an online bookstore, would turn into an e-commerce giant, they’d better written it on paper. What you’ve got in mind, Amazon has it. That’s how far Amazon has come.
Everything from the latest gadgets, electronics, clothing, music and of course, books are available at the click of a button. This hasn’t just stopped with hands-on commodities. They even provide services like IT support.
Willingness to diversify
Over the span of 23 years, Amazon has gone from selling books online to manufacturing speakers, making fashion apparels, launching a music and video streaming platform and even opening its very own subsidiary that produces TV shows, films and comic books, co-producing movies and TV shows that have gone on to win many accolades such as Manchester By The Sea and Transparent.
They’ve brought something new to every industry they’ve moved to, even though if it meant acquiring a new identity. Although that seems like a magnanimously risky move that could result in the downfall of the establishment with just a small step, they’ve had loyal customers from all over the globe.
Whether it’s food or footwear, games or groceries, there seems to be an aura of immortality when it comes to Amazon and there’s no denying that.
We’ve all been there, a sudden urge to go out shopping. But what do you know? It’s the end of the month and the money just isn’t there to splurge!
Now, at a time like this, shopping on a budget is really the only way to go. Let’s look at a few ways to shop in times like these.
Capitalize on coupons
Coupons are a great way to get stuff on a discount. Be it groceries, food, or even clothes; there’s nothing quite like coupons for saving money. They are available online or in magazines.
While grocery shopping, a full stomach will result in purchasing fewer nibbles and titbits. Going to a place you’re tired of visiting can also help save that extra buck.
Stores have sales for every significant occasion. Be it online, or retail, it’s surprising to find the deals they have on offer. There’s also a sale section in major retail stores that sell stuff ranging from 10% off to 50%.
Be on the lookout for clearout sales as well as they give out quality items for virtually nothing.
Second-hand stores are ideal for shopping for books, clothes, or even home décor. This is especially useful when living in an area where the cost of living is exceptionally high.
The sellers here are readily open bargain if you find something unfairly priced, provided, of course, that you don’t drive a hard bargain.
If you’re lucky, they might even sell brand new items or at least items that haven’t been used all that much.
Online shopping can offer terrific deals. Virtually anything is available online and it only seems convenient since comparing prices become easier and less time-staking.
When buying clothes, good knowledge of size and quality is all that’s required. Since sales tax doesn’t come into question, a chunk of money can be saved easily.
There are online stores that offer free shipping, but that largely depends on the shipping address and availability of the item that’s in question.
Shopping at a local market
Local markets offer produce at significantly lower prices compared to local supermarkets. This is especially true if the supermarkets are known to import their products.
It’s also advisable to buy produce from a local farmer if you want them at a really low price.
This is especially smart when buying clothes and apparels. Buying clothes for the winter when it’s summer or the other way around can not only help save money in the long run but also aid in planning what an individual might want to wear during the upcoming season.
So there you have it! These tips will not only help you save money but also help you become street smart and money smart.