Group Buying Script – Bi-fold Buying Resulting in Break-even Business

The concept of group buying is fast spreading across the market. It is a simple e-commerce setup wherein both providers and consumers receive benefit based on bulk discounts on group buying. This concept has helped both B2C and B2B market to make profit.

Benefits for B2C market

A B2C market becomes successful based on getting the best value for consumer’s money, driven by emotion, product driven purchase, and brand loyalty. Group buying sites publish the complete product information, fixed prices etc., which makes the public to prompt for a purchase. The group buying script provides an easy option for the consumers to make an online purchase option. The estimated number of people who have ever bought a daily deal is 26 million+. Infact, women buy more vouchers from more daily deal sites than men on average.

Market for B2B group buying

Small and mid-size business is greatly benefited by group buying site since they can sell huge volumes without any additional expenses. Group buying reduces operating expenses while the profit margin is increased. Groupon clone scripts which builds group buying site is one of the successful B2B solution providing the base for the businesses to spread their deals. It is equally beneficial for both consumers and business since providers get revenue while consumers receives discount.

Group buying for hotel business

An unoccupied hotel room is of no worth. For this reason, hotel companies are ready to reduce the price in order to fill in the rooms. Group buying is very much useful for this purpose since it allows for bulk booking of rooms at reduced cost which meets the profit margin of the hoteliers who also provide packages like extra-night-free-deals. The hotel companies also tie up with other travel agencies who provide packaging the rooms with flights and rental cars.

Group buying for restaurant business

Restaurant business attracts the people by providing discount offers for the best cuisine in the menu. If the customer is impressed by the food, then he may even pay the full rate next time to enjoy the food. On the other side of the coin, group buying deals provides an opportunity for every customer to enjoy many types of food such as Italian, Continental, Mexican etc at affordable pricing.

Group buying Script

Group buying has now become a booming business opportunity for all types of businesses to increase their sales by providing best offers to the customers. Social media such as Facebook and Twitter is also helping to spread group buying deals. There are multiple groupon clone script available in the market which helps to build most impressive group buying site which may attract more consumer into the site and double the revenue. It is very much essential to choose the best script with maximum features such that it becomes very easy to manage the business with less efforts.

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6 Ways to Sell Your Old Stocks like Hot Cake?

One of the major concern that is addressed by most of the business is ‘Old Stock.’ Businesses are continuously finding new ways to distribute their old stocks. Some of the proven methods to sell the old stocks are discussed below.

1. e-mail campaign.
One of the oldest and reliable method for promoting the old stocks is email campaign. Regular newsletter can be sent to the subscribed customer by including the details of stock sale announcement with special discount and offers. Care should be taken such that your mail is read by the end user. The email should be compelling to engage the customers when they read the mail. The user may be motivated to respond to the mail with call-to-action links.

2. SMS alert.
Mobile being one of the close companion to most of the customers, one can send SMS alerts about the stock clearance sale. The SMS can be sent to the customers at particular region nearby the stock sale venue such that results are more reasonable and motivating. People may be tempted to buy products which sounds attractive and cost effective. Discounts and offers can be announced via SMS which will never miss from the eye of the customer.

3. Mobile push notification.
The mobile users can receive push notification without even opening the application. This is very useful for promoting the stock clearance. Notification pops up on the screen with sound which may bring it to the notice of the customer. Hence your beeping messages and promotion will be most likely seen by the customers.

4. Social media site.
Now-a-days social media is dominating the business world with their ease to communicate with group of people. There are many social media such as Facebook, Twitter, LinkedIn, Google plus, Pinterest, Etsy etc which has different concept to promote or share information. Businesses can rightly target the social media to spread the information of sale quickly and cost effectively since most of the social media is free for usage. The information about stock sale can be easily spread across social media which spreads information rapidly.

5. Post coupons through popular coupon sites.
Special discount or offer coupons such as group buying deals can be planned for stock clearance. It can be helpful to move stocks as bulk. These coupons can be placed on several sites such that user’s attention is grabbed. Group buying deals is one of the reliable source for stock clearance since people get huge discounts.

6. Offering loyalty programs.
Loyalty programs are one of the structured and trustworthy method for managing the clearance of stock. The trust of the people can be gained by offering them loyalty programs based on their buying behavior. People can be encouraged to spend more by providing them rewards & recognition, point based system, tier system reward, exclusive offers etc.

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Yet another innovation from Uniecommerce – The UniEnterprise

Uniecommerce is on the brim of releasing UniEnterprise which has advanced features that are favorable for promoting the products in the ecommerce store apart from handling deals, products, and auction under one platform.

The UniEnterprise is very much favorable for multi-merchandising since it manages the sale of products, deals, as well as conduct auction flexibly in a single platform. Multiple stores can be handled using UniEnterprise. The opportunity for sale is increased since customers find their search, all in the one site. There is no limit on number of vendors. The stores are mobile responsive which can increase the sale on the site.

UniEnterprise is a newer approach to enhance the sales by introducing various methods to improve the sales on the site. Some of the features included with UniEnterprise which can increase the sales and retain the customers are discussed below.

1. Inventory management

Main requirement of the ecommerce site is inventory management. The site is stable for handling huge unlimited inventory.

2. Shipping and delivery

The success of the ecommerce site depends on how it handles the shipping and delivery. UniEnterprise manages the shipping & delivery properly up to the satisfaction of the customers with good control in the back end to manage delivery.

3. Coupons and gift certificates

The UniEnterprise generates coupons and gift certificates which can be availed by the customer. It can also be sent to other friends or relatives of the user which makes it easier for the user to share coupons.

4. Loyalty programs

UniEnterprise provides best platform for the ecommerce organization to encourage sales by including loyalty programs. Customers can be made loyal to the enterprise with special offers and discounts.

5. Shop by brand

The user can search the ecommerce site based on brands. The UniEnterprise allows to build a brand image by allowing shopping based on brand names.

6. Affiliate Management

The ecommerce site built using UniEnterprise includes affiliate management. The deals can be posted from other affiliate sites which can increase the customer flow and sales on the site.

The upcoming product, UniEnterprise, has all the features that may be favorable for conducting an ecommerce business successfully as well as promote the business with prime features such as loyalty programs and shop by brand etc. Choosing one product can give you multiple solutions. The UniEnterprise will be available in the market by the end of June 2014.

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Memorable 6th Anniversary and 7th Inaugural Day for NDOT

….and the roses falling down and cheers all around, we are happy to welcome the 7th Inaugural day of NDOT Technologies. It has been a memorable moment every year as we step into the next dimensions of business world with wide hands to embrace innovations. It is a pride moment for the 150+ Ndotians to be a part of the organization which has its wings spread around the world in UAE, USA, and India.

At this happiest moment, NDOT remembers every customer, partners, employees, and associates who had been supportive for flourishing the business and taking it to new heights. Our customers have been very motivating for us to deliver contemporary products. Our 6 years of truthful service has given us the fruit of delightful and loyal customers.

The company has more than 12+ professionally developed ingenious products. We have powerfully designed multiple solutions across all industrial verticals. NDOT provides the industry-best mobile application development services and quality-acclaiming web development service. Our success is build with each foot of painstaking efforts put forth by developers, designers, testers, and other associates.

NDOT Technologies celebrates the moment with promising projects in the future. We have plans to shift most of the products into cloud computing (SaaS based) while concentrating on tours & travel, restaurant, and real estates. The most prospective product of NDOT, the Uniecommerce, will be shortly releasing the Enterprise Version which will be a pivotal occasion for us.

Remembering this valuable occasion of 6th Anniversary day, we dream forward on the 7th Inaugural function wishing prosperity and success.

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How Group Buying is Useful for Business?

There are about 1000+ Groupon Clone in the market. There is good surge in the market for group buying sites which provides huge discounts to the customers across multiple industrial verticals from restaurant to Spa. The group deals become active when certain number of people are ready to buy the products at the available rate within the ticking time. When the number of persons join, then the deals becomes active, otherwise deal is closed. There are lots of advantages for the Group buying business and some of them are discussed below.

Attracts customer:

Since the main function of Group buying site is to provide huge discounts to the customers, it attracts more new customers into the business. People may be attracted with 50% to 90% discount offer which push the sales on the site.

Product introduction:

New product can be introduced to the customers with discount offers via group buying deals. It helps for building brands as well as gain recognition in the market. People tend to revisit the site again and again when they are impressed with the offers.

Social media influence

More number of people can be attracted to the site using the social media such as Facebook and Twitter. The group buying sites promote referral programs which encourage the customers to refer others to the site to earn referral income. This can keep the people engaging as well as attached with the site as they get income without much difficulties.

Move inventory:

The group buying site allows the sale of bulk products. Also, the products that are slow moving in the market can be sold easily via group deals. Inexpensive products can attract the crowd. Mostly, the deals related to restaurants, food, and travels have huge welcome in the crowd.

Mobile deals

The deals can also be availed by the customer via mobile which makes it flexible for user to buy products. They can browse the deals via smartphones and make a purchase quickly and cost effectively.

Conclusion:

Group buying scripts are available in the market which allows to build group buying sites quickly and manage a hassle-free business. The site allows to manage the inventory and support multiple payment gateways. One can also build groupon clone site that supports multiple currencies and language. Hence groupon clone script helps to build a functional ecommerce business online which can increase the sales potential. Group buying site can be worthwhile to make a profitable business.

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Do We Really Need Social Commerce?

Earlier when ecommerce was ruling the business, there were many methods adapted to influence the business sales. Regular newsletter were sent to the customers. Attractive image of the product was included along with call-to-action buttons. Brand names were established by creating awareness of the product/service via emails, blogs, and forums. The site was optimized with SEO promotion and much more. Inspite of all the above methods, social media made a major contribution in promoting the products.

Introduction of social media into ecommerce opened a new channel for marketing. A study reveals that around 75 % of socially-generated e-commerce sales in 2013 came from Facebook, Twitter and Pinterest. A majority of consumers now use social media to guide their purchases. About 4 in 10 social media users have purchased an item in store or online after sharing it on Facebook, Twitter or Pinterest. About 39% of Facebook users like brand pages to research products.

U.S. consumers are expected to spend an eye-opening $327 billion online in 2016. Facebook allows users to build brand awareness. They are also used for replying customer queries and promote seasonal sales. The Facebook page is also used for running ecommerce store which has more advantages. The YouTube help to create short and quirky videos in order to provide face to brands. Twitter keeps the customer engaged with tweets and sharable hashtags. Pinterest provides exclusive merchandise and organize previews. Each social media has its own advantages in promoting the sales and establishing social commerce.

Customer base can be increased using social media by marking an online presence in the market. The visibility of your products on social media can be increased. People may like or follow the product which can create product awareness in the public. Your business shared is your business doubled. Blogs and other online contents can be useful to share products on social media. The company has to simply impress one customer who can bring in more loyal customers. Specific demographics can be targeted by social media.

Some of the basic features of social media which impacts the social commerce include

* Can generate free website traffic
* Engage people with visual appearance
* Keep the customers happy
* Repeat customers
* Search-engine favorite social media
* Low marketing cost.

The social media creates a brand awareness about the product quickly and cost effectively. The customers may get influenced by the media for decision making. A good customer relationship can be built by providing loyalty via social media. As per statistics, 74% of customers rely on social media to guide their purchases. There is wide opportunity for social media to influence buying pattern of customers via social commerce.

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How Do Social Media Influence Online Shopping?

Social media has become an inseparable part of our life. Apart from the purpose of communication, the social networking sites play a key role in the field of ecommerce, perhaps mobile commerce. Around 64% of smartphone users shop online using their devices. The attitude of people to recommend or place likes on the product has become an unbiased opinion for the social media users to buy products. A study reveals that more than 78% of the companies’ social media pages create a great impact on their purchases.

The most influencing social media is
Facebook which contributes about 30.8% of purchases,
while Youtube and LinkedIn follows with 27%,
Google plus 20%,
Pinterest 12% and
Twitter 8%.

(Click the below image)

Socializing Ecommerce Infographic

Major product categories for social-to-sale purchases include food & drink 26% in Pinterest, 14% in Facebook, and 13% in Twitter. Purchases related to art & design count to 21% in Pinterest, 5% in Facebook, and 9% in Twitter.

From the consumers side, around 71% of them are more likely to make a purchase based on social media referrals. Infact, 45% of the online shoppers have bought something which they otherwise would not have bought in person. If the online shop provides free shipping, then 96% of people are likely to make a purchase. Around 87% are likely to shop on a site if it provides free returns. Rarely

62% return the items bought online. The main motivating factor for the online shoppers to make a purchase is positive customer review and retailer’s description. The affect of negative customer review is comparatively meager on users to buy something online. A study reveals that 4 out of 5 people shop online for a broader selection, 2 out of 3 shop online because it is cheaper, and 7 out of 10 shop online for better sales and promotions.

Some of the common social and community tools that impact buyers include
Customer reviews (59%),
Question & answers (42%),
Internet forums (26%),
User-generated videos (15%),
Facebook fan page (13%),
Facebook newsfeed (13%),
Mobile (9%) and
Twitter (9%).
People use the social media to find different needs which makes life simple.

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Your Social Media Contacts can Win You More Mobile Commerce Sales

Way back when e-commerce was introduced, retailers found the new medium to bring in more business and sales. Study reveals that the US online retail sales are expected to hit $370 billion by 2017. Later, the mobile commerce became very user-friendly and attracted more number of sales just with few clicks on the mobile.

Why Social Mobile Commerce?

Adding more light to the mobile commerce, the introduction of social media doubled the chances of sale. It is interesting to note that, almost 20% of online purchases are accomplished after surfing through social media sites. People found it very reliable and trustworthy when near and dears recommended a product on social media which led to increased sales. One of the other impeccable reason for people to believe in social mobile commerce is that they could find better prices and better values.

Social Media Influence

In 2013, 35% of the world online was influenced by social media where there were about 340 million tweets/day and one billion Facebook users. Businesses are utilizing the social media as part of their marketing strategy. Majority of about 83% use LinkedIn, 80% are Facebook and Twitter users, 61% use YouTube, 39% use Google Plus, 26% use Pinterest for promoting their mobile commerce products.

Mobile Channels for Gaining Traffic on Site

Internet shopping growth is out-pacing overall retail growth. According to a study, by 2015, it is estimated that $119 billion in goods and services will be purchased via mobile channels, both tablet and smarphones. Nearly 65% of marketers increased their social-marketing Ad budgets in 2013. Business prefer paid social ads since it targets the right audience. It increases the traffic on the site and helps to gain new customers.

Strategy Behind Social Mobile Commerce

Most reliable social media marketing strategy adopted for ecommerce websites include:

  • Understand the basic platform for why the customers seek the social media
  • The content should be shareable
  • Be in contact with the customers
  • Meet the people at community
  • Relationship should be build with social influencer

Thus, social mobile commerce plays a vital role in marketing the products across the social networking sites. Apart from the craze of mobile commerce in the market, the combination of mobile and social video is building new opportunities for marketers.

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Converting Your Offline shoppers into Online Shoppers

Online shopping has become the latest trend in this fast moving gadget-filled world. One of the studies taken in 2014 reveals that nearly 47% of teenage US males prefer online buying while 26% of US teenage females are involved in ecommerce shopping. This is a tremendous improvement when compared with online shopping in 2013 where only 20% of male and 18% of female teenagers were involved in the activities of ecommerce.

On the other side of the coin, one cannot deny the fact that more number of people still prefer the traditional offline shopping. In 2013, the number of teenage male and female offline shoppers counted to 80% and 82% respectively. However, the count decreased to 53% male and 74% female in 2014. Yet, when compared to online shoppers, people prefer offline (physical store) shopping owing to various reasons.

Shopping via internet can be one of the awesome experience for the end user because of its flexibility and convenience. Some of the main features that can be considered for converting the existing offline shoppers into online shoppers are discussed below.

1. Feel the product

One of the main reason for people preferring the in-store purchase is because they get the feel of the product. The buyers has to be assured that the product is convincing as it appears. Therefore, the product presentation should be good in order to attract the people. People keep gazing when the product image is clear and attractive. This can be a good contribution for sales conversion.

2. Design/Layout

If your shopping cart is monotonous then you can least expect the customers. The online shop should be easy for browsing and navigation. The design and layout should be intuitive such that user could find their need easily. The sites that are user-friendly ultimately remains in the heart of the customer which brings in more repeat customer.

3. Variety of choice

There are plenty of ecommerce solutions in the market which provides different kinds of service like regular products, group deals, etc. The shopping cart that includes maximum variety of selling methods like group deals, auction etc will attract more customers to the site. The buyers should be influenced by providing deals and offers that can save their money.

4. Shipping/payment

This is the most affecting part of online shopping. People easily get frustrated if the payment methods are complicated. Infact, people think twice before they submit the credit card details or bank account. This illusion can be broken down by integrating a safe money transaction method with clear shipping methods.

5. Interactiveness

People like to get opinion from others before they make a purchase. The online shoppers can be engaged with sharing of product ‘likes’ and ‘comments’ on social networking site. Social media can be the best option to reach maximum number of users cost effectively.

Some of the main areas to focus for converting the physical store users into e-shoppers are discussed above. There are also many other methods like inclusion of GPS & geolocation of stores, customer feedbacks, email & newsletter subscription, referral programs, mobile apps, built-in SEO, community forums, support, etc.

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Scope of Economical Growth in the Field of Ecommerce

The internet plays a great role in influencing the economy of the country. The ecommerce field shows a rapid growth of $12.6 Billion in 2013 with an average of 30% growth. The wide range of products provided by the ecommerce sites with best offers for the consumers attracts more number of people. Also, the flexibility in making the payments keep the customer more glued with the concept of ecommerce.

In a country like India, there is good scope for implementing the ecommerce where the population is increasing each day. More number of people have started using the internet via both web and mobile. Hence merchants can promote their products via ecommerce solutions, and build their business quickly by reaching more number of people.

Study reveals that there are about 200 million internet users in India, and it is expected that it will increase to 500 million internet users by 2015. This statistics is most favorable for the online retail business. Infact, the highest percentage (70%) of users are favoring the travel industry to book their travel tickets and stay places. There are lots of other ecommerce solutions that play major role in increasing the economy.

There is great contribution by Foreign Direct Investment (FDI) in improving the economy of the country. But in the field of ecommerce in India, only B2B options follow the FDI while there is no facility for B2C ecommerce. The government is allowing 51% FDI in multi-brand retail which is an advantage sought by ecommerce major players like Amazon, Flipcart and eBay. Still there are only minimum of 12 states involved in investment.

Penetration of internet via smartphones also help for improving the commerce activities. It is estimated that there is 56% revenue growth in the ecommerce company. Major portion of the population have access to mobile internet which makes it possible for them to compare prices and make the purchase online with no concern about spending. If foreign investments are encouraged in ecommerce sector, then there can be good growth in infrastructure facilities.

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