- Emergence of the Duopoly: Amazon and Flipkart have been vying for dominance in the Indian online shopping market for several years with hefty discounts on products and bank offers. Both platforms boast a diverse range of products, competitive prices, and rapid delivery, making them the top choice for many customers.
- Power Struggle: While customers benefit from the duopoly, sellers suffer from a disadvantage. Having only major two major platforms with huge customer base and wider shipping coverage across country, the sellers have limited options and are required to compete on the terms set by both Amazon and Flipkart’s biased sales management team. Having different terms and policies for sellers based on their volume and interest preference from customers.
- Seller Concerns: Some of the primary concerns for sellers include high sales commission rates, knockoff products with different branding, and the potential for bias towards sellers who advertise more on these platforms. These problems make it difficult for small and medium-sized sellers to compete and succeed on these platforms.
- Necessity for Change and Competition is good: To alleviate these concerns, greater competition is required in the Indian online shopping market. This could be achieved by introducing new players to the market or improving the services and offerings of existing players. An alternate solution is for the government to regulate the market and enforce fair competition practices. This may include imposing caps on sales commission rates or implementing guidelines for seller rankings and product listings.
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Wednesday, March 22, 2023
Indian Online Shopping Market: Is Duopoly Dominance Hurting Sellers?
Friday, February 3, 2023
Disadvantages of Using WhatsApp Business for Your Business
Limited Functionalities:
WhatsApp Business is limited in terms of its functionalities that is being offered compared to other business communication tools. It does not have the same level of automation like sending it to contacts and detailed dashboard/analytics reporting for computers that other platforms offer, making it difficult for businesses to effectively manage and respond to customer inquiries. This can result in missed opportunities and lost customers.
No Integration with other Platforms:
WhatsApp Business does not integrate with other common communication tools, such as customer relationship management (CRM) software or billing software. This means that businesses must manually transfer customer contacts and customer walk-in insight history between platforms, making it a time-consuming and error-prone process.
Potential for getting accounts blocked:
WhatsApp Business does not have the same level of security and spam protection as other business communication tools. This makes it easier for scammers or conflicting customers to mark the account as spam. This can result in a negative business reputation and may even result in account getting blocked.
My final thoughts:
In conclusion, while WhatsApp Business may seem like a convenient tool for businesses to communicate with customers, it also has several disadvantages. Limited features, lack of integration with other platforms, and potential for spam blocking and account getting completely blocked are all reasons why it may not be the best option for all businesses. Businesses should consider their specific needs and weigh the advantages and disadvantages before choosing WhatsApp Business as their primary communication platform. For more such insights and information, please feel free to check out the articles published in “G R Team Sites”
Thursday, December 29, 2022
Information for Hydraulic flail mower
Likewise, if you are looking at reliable manufacturer offering high quality hydraulic flail mower for a long time with proven track record and trusted customer service, then Peruzzo would be the place you need to check out. Peruzzo takes utmost care and innovative practices to address the requirements and concerns from farmers & professional contractors and incorporate them into their equipment manufacturing processes. The heavy-duty hydraulic flail mower equipment from Peruzzo includes various features such as large capacity collector unit to store the high grass cutting and comfortable storing of wood branches. For more information and insights on the features offered by hydraulic flail mower equipment from Peruzzo, please feel free to check out their website of the above link.
Wednesday, December 21, 2022
How to restructure your finance for better future
- List down commitments or EMI’s for a month: The first and foremost things that youngsters had to make while organizing their financial needs is to list down the commitments or the EMI’s that had to be paid for each month. By listing down the commitments or the EMI’s, youngsters can understand how their hard-earned money is being utilized each month and can help them to hold on getting trapped into new commitments or EMI’s.
- Organize the loans or EMI by interest rates: The second most important thing that youngsters had to make for financial independence is to organize their loans or EMIs or financial commitments by their interest rates. Post listing their loans or EMI’s or Financial commitments, they had to close the loans which has higher interest rates and attempt to get new loans with lower interest rates to finish off the loans with higher interest rates.
By doing the above things, youngsters can restructure their financial requirements and get to enjoy their life with minimal or nil financial commitments. For more such articles or suggestions from me, please feel free to check out the “G R Team Sites”