Executive Summary
Infibeam is an online retailer in India founded by former Amazon employees. India is only recently embracing internet retail shopping and Infibeam intends to increase market share and profitability by converting offline and current online shoppers to Infibeam users. Also, by expanding as first-mover in the western Indian state of Gujarat where Infibeam has just entered into an agreement with the government that will make it a first-mover there. Success is dependent on a marketing campaign that will meet all of these goals.
Infibeam grew rapidly during its first three years in business, but it did so only by word-of-mouth advertising. Infibeam has never undertaken a marketing campaign of the magnitude needed to
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Major Problem Statement
E-commerce is a relatively new market in India and Infibeam is poised to become one of its major players. In fact, Infibeam recently entered into an agreement with the western state of Gujarat that will make it a first provider there.
Only a small percentage of India’s vast population is currently online and few of those people are using the internet for retail purchases. To increase market share and profitability, Infibeam must convert offline shoppers into online, Infibeam customers.
However, Infibeam has historically relied solely on a website blog and word-of-mouth advertising to communicate with and attract new customers. These methods will not reach the offline community and Infibeam has no experience with the type of comprehensive marketing campaign that will.
Unless Infibeam can develop a strategic, comprehensive marketing plan that will reach the offline community and convince it to adopt online shopping behaviors, it will not be able to successfully take advantage of the growth opportunities, including those in the state of Gujarat.
Minor Problem Statements
Funding
Infibeam has entered into a Memorandum of Understanding with the government of Gujarat to provide funding in the amount of 2,000 crores to set up the IT platform, supply chain, delivery infrastructure, and inventory to employ 20,000 people in exchange for access to the state’s network of 18,000 e-Gram centers.
In
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While beginning an online business in India you have to take after certain lawful strides with the goal that you don 't get into legitimate inconvenience later on. Specified beneath are the lawful techniques.
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From Tier-1 to Tier-2 cities, the Indian e-commerce industry has broken a number of stereotypes about how India shops and what India shops for. The number of Internet users in India grows by a staggering 32 percent annually and this growth rate is bound to increase exponentially as the reach of smartphones is predicted to aid the penetration of internet in every nook and corner
Online commerce was introduced to consumers in the mid-1990’s, and in the years since, it has grown exponentially. It started out virtually nonexistent and has become a multi-billion dollar industry. Nearly every retail sector has entered online commerce; clothing, electronics, home, health and grooming items, even food and groceries are starting to gain traction online. Online commerce sites rival traditional brick and mortar stores such as Walmart and Target, as well as other big-box stores. As online retailers such as Amazon continue to expand, many brick and mortar stores have been making their way online, indicative of an increasing movement towards online commerce. With more than 80% of the online population having made an online