ONLINE PRICE COMPARISON FOR E-COMMERCE
ABSTARCT :
Price comparison sites and comparison –shopping engines gives ecommerce traders a good opportunity to boost their sales, attract new customers and go ahead against their competitors. Even Shoppers often look for best deals and offers for a particular product which they are looking for. It is difficult to visit each and every website for comparing the deals or a price of a particular product. Hence this comparison – shopping site is proposed which will help ecommerce merchants as well as shoppers for collecting product information, including price list, from participating retailers and then it displays collective information on a single result page in response to a shopper's or ecommerce merchant’s search query. In this way, shoppers can compare prices, and service from multiple retailers on a single page and choose the merchant that offers the best overall value. Users need to open the website and search for a particular product, it will compare the prices from different websites it will also auto correct the product spelling mistake. This will make easy shopping with best deals as well as ecommerce merchants to know well about their competitors.
EXISTING SYSTEM :
In addition, the few existing analytical analyses have not addressed competition behaviors and strategic implications in complex business environments, where conventional offline firms and Internet firms coexist. Also, previous empirical analyses have focused on where products are priced higher (or lower) rather than finding reasons for those differences.
The purpose of this study is to analyze pricing strategies between conventional offline firms and online firms through a theoretical approach and empirical analysis, and draw some important implications.
DISADVANTAGE :
? The start-up costs of the e-commerce portal are very high. The setup of the hardware and the software, the training cost of employees, the constant maintenance and upkeep are all quite expensive.
? Although it may seem like a sure thing, the e-commerce industry has a high risk of failure. Many companies riding the dot-com wave of the 2000s have failed miserably. The high risk of failure remains even today.
? At times, e-commerce can feel impersonal. So it lacks the warmth of an interpersonal relationship which is important for many brands and products. This lack of a personal touch can be a disadvantage for many types of services and products like interior designing or the jewelry business.
? Security is another area of concern. Only recently, we have witnessed many security breaches where the information of the customers was stolen. Credit card theft, identity theft etc. remain big concerns with the customers.
PROPOSED SYSTEM :
We proposed a simplified version of the market and instead of assessing n offline firms, we assumed a single firm in the offline market. This approach is valid, since the offline firms in the circular city model (and in the absence of any web-based seller) end up selling at the same equilibrium price and being located at equal distances from each other. This equilibrium price depends on their production cost and the unit transportation cost of the buyers. One can safely assume that the linear-city model is equivalent to a small segment of the market covered by one of the many firms in the more general circular-city model.
ADVANTAGE :
? E-commerce provides the sellers with a global reach. They remove the barrier of place (geography). Now sellers and buyers can meet in the virtual world, without the hindrance of location.
? Electronic commerce will substantially lower the transaction cost. It eliminates many fixed costs of maintaining brick and mortar shops. This allows the companies to enjoy a much higher margin of profit.
? It provides quick delivery of goods with very little effort on part of the customer. Customer complaints are also addressed quickly. It also saves time, energy and effort for both the consumers and the company.
|