decoding e-commerce
DESCRIPTION
ShopImagine E-Commerce Workshop Program for Fashion Colleges in India: The fashion e-tailing segment in India presents a great career opportunity for Fashion graduates from leading institutes in India, be it Fashion Design, Styling, Photography or Fashion Marketing. As a fashion e-tailer, we are constantly on the lookout for fresh ideas and fresh talent. This program is our way of interacting with young and talented fashion students as well as educating them about the exciting e-commerce landscape in India. The first workshop was held at FAD Institute, Pune on 11th and 12th July, 2013 by ShopImagine Marketing Manager, Neha Shah and Fashion Marketing and PR Executive, Alifiya PratapgharwalaTRANSCRIPT
Session1:
DECODINGE-COMMERCE
THE ‘ABC' OF E-COMMERCE
E-COMMERCE AND E-TAILING
E-COMMERCE
ElectronicBuying and Selling of Products, Services and Data
E-TAILING
Electronic Buying and Selling of Products online through virtual storefronts (online websites with catalogues) directly to the consumer
EVOLUTION OF E-TAILING IN INDIA
• Seller-biased• Catering to NRIs• Focus on tech &
transactions
Rediff, Indiatimes, IndiaPlaza
• Marketplace 1.0• Enabling every
consumer to be a seller; just an interface
• Unused product sale
Ebay
• Flipkart Model• “Own the
inventory”• Greater control
over value chain• COD
Flipkart
• Other models emerge-Deal sites, Private label, marketplaces
• Widespread Seed Funding
F&Y, 99labels, Zovi, Freecultr,
Jabong
• Emphasis on service and user experience
• Marketplace 2.0• FDI effect• Consolidations
Amazon India
WHAT DO THE NUMBERS SAY?
Per capita income: 12% increase between 2008-2011 to $1500, estimated to be $2300 by 2016
Internet penetration: Internet users in India expected to increase from 125 million in 2011 to 330 million in 2016. Highest penetration among 18-24 age-group
14% of total internet users are online shoppers, expected to increase at a rate of 35% over the next 4 years
Revenue per online shopper (ARPU) will grow at a similar rate
By 2015, e-tailing will catch up with online travel
In 2012, E-tailing grew around 139%
WHAT’S HOT ON E-COMMERCE?
WHO IS SHOPPING ONLINE?
MARS OR VENUS?
WHY ARE PEOPLE SHOPPING ONLINE?
THE ‘VIRAL’ EFFECT
E-TAILING MODELS
Platform for direct interaction between vendor/seller and buyer
Marketplace
• Sourcing and selling different brands
• Inventory-holding/consignment
Multi-Brand E-tail
Third party manufacturing or white-labelling and selling products under your own brand name on your own platform
Private Label
Perpetual Sale -Heavy discounts for very limited
periods on different brands
Flash Deal
A BIT ABOUT US
SHOPIMAGINE.IN : WHO ARE WE?
Promoted by experienced California-based women entrepreneurs, Hina Saiya & Tanaaz Baldawaala, ShopImagine.in is an online fashion boutique focusing on fulfilling emerging fashion aspirations of urban Indian women
ShopImagine.in is a pioneer in the online fashion space in India being the first in India to have introduced Online Lingerie Shopping (2008), largest online collection of Luxury French lingerie (2012), Indian Wedding Lingerie (2013) and Online Boutique Concept (2013)
ONLINE BOUTIQUE CONCEPT
Exclusive, Handpicked and Fast-Changing Styles
International Quality and Styles at Indian Prices
Unique Services for a ‘Wow’ shopping experience
Fast & Free Shipping, Free Cash-On-Delivery, Easy Return/Exchange Policy, Exhaustive payment options
SHOPIMAGINE.IN : PRODUCTS & SERVICES
Products› Handpicked styles from international
designer houses in France and USA
› Superior quality & unique styles
› Fast-changing and in sync with latest international trends
Luxury Lingerie & Nightwear from France
Indian Wedding Lingerie: Pre-Wedding, Wedding & Post-Wedding
Apparel from LA, California
SH
OP
IMA
GIN
E.IN
: PR
OD
UC
TS
&
SER
VIC
ES
- Un
iqu
e S
erv
ices
Onlin
e V
ideo S
tylin
g
Sessio
ns
Custo
mize
d G
ift Packa
gin
g
CONTINUING THE ‘ABC’ OF ECOMMERCE
UN
DER
STA
ND
ING
TH
E
EC
OM
MER
CE S
YS
TEM
SOURCING & MERCHANDISING
Intense Market Research on:› Latest international trends› Regional preferences and sensibilities› Favourable price points› Sync with Brand values and sensibility
Online merchandising determines product appeal and eventually, sales
WEBSITE DESIGN AND MANAGEMENT
OPERATIONS
Order fulfillment
Customer service
Website Up-time and Maintenance
Inventory Management
MARKETING & PR : SEM
Increasing website visibility in search engine result pages (Google, Bing, Yahoo) through SEO & PPC
SEO : Organic SEM
PPC: Paid SEM Display Ads:
Google Display Network
MARKETING & PR : E-MAIL CAMPAIGNS
“Keep in touch” tool Announcements like
exclusive offers and discounts, new product range, new website feature or service or content sent to subscribed customers
E-mail list, E-mailer design & HTMLisation, E-mailing platform, Tracking & Analytics
MARKETING & PR : BLOGS
Reviews and Recommendations by external bloggers
Company Blog, promote on social media, groups and forums
Blog Advertising
Viral Marketing
SOCIAL MEDIA MEETS E-COMMERCE
Facebook Engagement› Create a
Facebook page› Engaging content is
the King!› Encourage fans to
Like, Comment and Share!
› Apps› Contests› FB-specific discounts
and offers
Facebook Ads› Get more fans
› Promote website campaign/direct traffic to website
› Promote Page content
› Analytics
• Customer Service Tool : Address customer grievances
• Tweet, Retweet, Favourite : Stay in touch with your followers through interesting conversations
• Trending Topics : Get into a loop and viral the tweet!
• Twitter Contests/shopimagineIN
YOUTUBE
Make a YouTube channel
Make simple, yet engaging content
How-To’s, Product Information, Behind –the-scenes, “Just for Fun”, Employee Videos
NEW KIDS ON THE BLOCK : G+, PINTEREST, INSTAGRAM
Broadcast Hangouts, Create customer groups, Useful in SEO
Visually appealing social media tool, PinBoards for various categories with link backs for referral traffic,
PinBoard contests
Live image updates of events, Launch Campaigns and Contests
with Hashtags
ONLINE MEETS OFFLINE MEETS ONLINE
OFFLINE GOES ONLINE
Brand e-stores + Third Party websites/Online Marketplaces
Increased Brand Reach
Reduced Capital Costs
Offer better pricing with better margins
Stand up to competition from Online brands
Easy to Scale
ONLINE GOES OFFLINE
360 degree Marketing & PR
Mutually beneficial collaborations for increased brand awareness
Targeted reach
Collaborations: Bloggers, Cafes, Clubs, Restaurants, Spas, Salons, Bollywood, Designers
Advertisements: TV, Newspapers, Magazines, Advertorials/Editorials
Events: Fashion Shows, Exhibitions, Contests
ONLINE GOES OFFLINE : TV ADS
Effective: yes, but optimal?
There 155 million cable-subscribed households in India
ONLINE GOES OFFLINE : EVENTS
Fashion Shows, Website/Collection Launches, Press Conferences, Exhibitions to create that hullabaloo
ONLINE GOES OFFLINE : BLOGGER COLLABORATIONS
Blog features, Blogger contests and Blogger events are great ways to reach out to a broader and better-targeted audience
ONLINE GOES OFFLINE : SAME-TG CHANNEL COLLABORATION
SPAS & SALONS
CORPORATES
CLUBS, CAFES & RESTAURANTS
FASHION COLLEGES
ONLINE GOES OFFLINE : PRINT MEDIA
Press Releases, Editorials and Advertorials add great credibility to an online brand
CHALLENGES
COD : Boon or Bane?
Superior Logistics in India : Too expensive?
Return rates: 5%-25%?! Ok or not?
Volumes and Revenue are fine, but SHOW ME THE MONEY!
RECESSION playing spoilt sport?
How to sustain FUNDING?
Trust issues & replicating the “in-store experience”
Too many players and “me-too’s”: Survival of the fittest or a Bloodbath?
FDI in E-commerce & entry of Amazon: Threat for domestic players?
WATCH OUT FOR…
Social Commerce
Mobile Commerce
Better Payment
Methods & Logistics
Tier-II & Tier-III cities, rural areas fuelling e-commerce
growth
SO, WHAT’S IN IT FOR YOU?
THANK YOU!
Neha ShahMarketing Manager, ShopImagine.in