Online Shopping

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PROJECT REPORT
ON
ONLINE SHOPPING: IT’s CURRENT SCENARIO
AND
FUTURE PROSPECT IN INDIA

BY :PUNEET BHARDWAJ

CONTENTS
SR.NO| Key Points| Page| 1| Introduction to Online Shopping | 4-5|
2| What is B2B and B2C| 6-7|
3| How online shopping evolved in India| 7-8|
4| Current scenario of online shopping in india| 9-13| 5| Rise of online shopping portals| 14-17|
6| Challenges faced by Indian customers| 18-20|
7| Why online shopping exists?| 20-|
8| Future of online shopping| |
9| Advantages of online shopping| |
10| Disadvantages of online shopping| |
11 | Conclusion| |
12| Bibliography| |

Introduction To Online shopping
Online shopping is the process whereby consumers directly buy goods or services from a seller in real-time, without an intermediary service, over the Internet. If an intermediary service is present the process is called electronic commerce. An online shop, eshop, e-store, internet shop, webshop, webstore, online store, or virtual store evokes the physical analogy of buying products or services at a bricks-and-mortar retailer or in a shopping mall. The process is called Business-to-Consumer (B2C) online shopping. When a business buys from another business it is called Business-to Business (B2B) online shopping. Both B2C and B2B online shopping are forms of e-commerce. The Electronic commerce or e-Commerce as is known today evolved as businesses (end to end process) started to shift from real time market to digital market. All of the business today as we see is done over the internet and anything which is not there is meant to be wiped off. Ecommerce, the online shopping system has brought down political and physical barriers giving everyone in the world an equal playing ground for their market, everyone can put their products on sale through the e-stores(website dedicated to selling of product, a virtual store).Speaking about the last decade we saw a great market, rise over the internet, online shopping was introduced wherein firstly computer scientists got interested in then it came to general public and gradually became a substitute for the real market place. E-commerce, as is generally thought of, is not the birth child of “The Web” but it just got kick’ started by “The Web”.Online shopping developed with B2B as well as with B2C since everybody is on internet, and development is going on each and every second for grabbing a better share of the market. Even as we write this article on Ecommerce with our exhaustive research!!! May just be not enough. The history of ecommerce would rightly be back-tracked by the time people felt the need to send “interactive content” to be displayed on television and Videotex came into being. Research was going on from the early 1960 and more corporations got interested in sending information and thus it matured while Michael Aldrich of Redifon Computers Ltd gave the concept of teleshopping and did good business in UK. Online service of videotext, Minitel was launched in France in 1982 and was accessed using telephone lines, similar model failed in UK. It was a real success till WorldWideWeb.The researchers who were working on Videotex in US with services like “The Source” and “CompuServe” in 1979 (contemporary of UK based research: BBC with Prestel, BritisTelecom with Viewdata, ITV with ORACLE) got interested in creating a solution for customer-targeted payment processing whose target audience would be the software developers and shareware authors, they created Swreg in 1987 in US, thus enabling the first Online market for the developers community. In 1990 Tim...
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