With computers and Internet becoming commonplace, the business scenario has changed and global markets are quickly adapting to ‘e-commerce’.
The potential of E-commerce is tremendous and enables even an illiterate farmer in a remote Indian village to sell his product to a wider range of consumers. Companies are increasingly adopting the e-commerce model for its economical and efficient role in day-to-day business.
As in any other part of the world, e-commerce will cater to every section of the Indian market in the long run. SITC (Sharda Information Technology & Computer) has embarked upon this noble venture, to popularize e-commerce in India, by gradually moulding its ‘citizens’ to become ‘netizens’.
Through our nationwide network of branches (e-commerce terminal hubs or e-kendras) SITC aims to make the public conscious of the different aspects of e-commerce, thus creating more revenue resources and job opportunities in rural India.
With a widely interconnected and seamlessly networked e-Kendras across the country, SITC Megabyte Corporate extends its resources to enable remote access to E-Commerce, IT Education & Services, Public Services, Software & Hardware Solutions, E-Content for Research and other Activities etc.
E- Commerce , The Concept
The present era has witnessed a tremendous change in almost every sphere of life. The fast paced life has been a hugely demanding one too with the people struggling hard to find a space for existence. The defining aspects of the modern period is closely associated with the growth of individualism, capitalism, urbanization and the most significant being the technological development. The advancement of technology has enabled the humanity to a large extent and hence, a man’s daily life has been made more simple but extremely rapid also. The influence of mechanization is evident in all walks of life as the man is depending upon the machine for almost everything. As he does not have time to spare for the whole lot, it is the technology that comes to his aid every time. ‘Speed’ is the key word for this century and here lies the scope for another important concept. The ‘e-commerce’ which is yet another offshoot of the technological expansion, is all set to enter into the life of even the common men.
‘e-commerce’ aka electronic commerce is a fresh concept that allows the people for the buying and selling of products or services over electronic systems such as the Internet and other computer networks. With the internet services putting up a strong foot hold in the country, the amount of trade carried through the electronic sources has recorded an amazing growth. It is all expected to make it bigger in the coming years as the internet is available in every nook and corner of the nation and also with the increase of the computer literates. In fact, through this, the nation gets connected. The gap between the rural and the urban gets bridged and progress comes upon everywhere. The possibilities of e-commerce are very high as a wide variety of trade is conducted in this way, spurring and drawing on innovations in electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems. The business is mainly conducted electronically but it involves some moving physically also in some way. The online retailers are known as ‘e-retailers’. Almost all big retailers have electronic commerce presence on the World Wide Web. It is the commodity exchange that happens mainly in the e-commerce and it helps the buyers to locate a particular item, know its value, read the descriptions, get a look at it and finally if willing, buy it. This type of business allows the customers to exchange services and goods with no barriers of time and distance. The e-commerce is the sales aspect of e-business and it also consists of the exchange of data to facilitate the financing and payment aspects of the business transactions.
The e-commerce business has developed a lot in the last few years overpowering all the traditional methods of buying and selling and if it is implemented perfectly, it becomes faster, cheaper and more convenient than the customary styles of bartering goods and services. E-commerce has also led to the expansion of electronic marketplaces where suppliers and potential customers are brought together to conduct mutually beneficial trade. The first thing you need to have before venturing into online business is to have a thorough knowledge of the ways, principles and guidelines of such a business. When implemented properly, e-commerce can be a very rewarding venture, but one cannot make profit overnight as it is requires a lot of research, hard work and decision making. The experts are sure to predict a promising and glorious future for e-commerce in the 21st century. The kind of business that goes in terms with the changing trends of the modern era, the e-commerce is getting more and more popular and natural. The number of e-commerce deals is increasing every year and with the internet boom, it is sure to stay.
One of the value added services that can be availed by the customer is a specific percent of discount he/ she can avail at select retail outlets in the country. For this, we propose for strategic tie-ups with major retailers from all domains including textiles, home décor, health, travel, entertainment and lifestyle. This will be a life time facility that can be enjoyed by the card holder and will also be extended to all e-shop commodities and online products of SITC that will come up in future. The company will be publishing a booklet which will contain the details of the shopping partners.
The media scene is India is basking in glory with the advent of several foreign and domestic publications and satellite channels. To tap the potential of the growing market of the media segment SITC launched its first publication by the name and style of ‘People Life Career’ in the year 2006. After two years of successful circulation as an in-house publication, in the year 2008 the magazine was introduced to the main market and is actively being promoted by all our business centres across India. The purchaser of the exclusive card is entitled for a free annual subscription of the magazine.
SITC has tied up with a foreign company to bring out an ultra sophisticated Laptop by the year 2010. This is going to be the first electronic product to be produced by SITC. The production unit has been set up at Ahmedabad and has started the R&D activities. Our business centres are going to be the virtual dealers of this product and all the exclusive card holders will be able to purchase this product in a discounted price. All the projects mentioned above are projects on hand, while the opportunities that lay ahead of us regarding the exclusive membership card is infinite such as Tourism, financial services, health care, market research and surveys, Online shopping, e-trading, Manpower database, etc.