eCommerce practices and poor trader
I yesterday raised some concern about how ecommerce is affecting traders in different circle and want to raise here.
Some of these ecommerce sites have so much foreign money that they are pumping in discounting that local traders can never match prices. The trader can sustain loss and low sale for year or two but then has to fold up. business even harder post GST regime, no kacchha sale.
Question is, is the govt regulating discounts and discouraging the creation of these artificial price bubbles?
I pump in billion dollars in mobile phones stocks and sell them 20% lower than everyone. soon all phone traders out of business then i go out of business. Govt has to regulate this.
Your views? more
Some of these ecommerce sites have so much foreign money that they are pumping in discounting that local traders can never match prices. The trader can sustain loss and low sale for year or two but then has to fold up. business even harder post GST regime, no kacchha sale.
Question is, is the govt regulating discounts and discouraging the creation of these artificial price bubbles?
I pump in billion dollars in mobile phones stocks and sell them 20% lower than everyone. soon all phone traders out of business then i go out of business. Govt has to regulate this.
Your views? more
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Thank you On Mon, Sep 25, 2017 at 6:06 PM, Jayakumar Daniel < support@localcirclesmail.com> wrote: > more
Sep 28
This reminds us of one old happening. We had local soda makers in every village and they were selling soda for Rs. 2/- and colour soda for Rs. 5/- The giants like Cococola and pepsi stepped in and sold their drinks for less and the entire local soda industry vanished within some years. Now these Drinks are costing not less than Rs. 20/- and we are still buying them.The Moral is who stands to benefit by these policies?Locals or crony Foreign capitalists who under the disguise of MOUs with some local big businesses make merry by fooling our politicians by throwing money for them for their elections. more
Sep 26
local retailer should match price with e-commerce price including shipping charges, overall consumer will purchase where he get lowest price. it is not fair to control e-commerce discounts rate, only quality should be checked. more
Sep 25
Billion dollars stock pumped in and no CBA i.e. cost benefit analysis done? Really surprised. When we are doing business, lot of strategic planning is done. Unforeseen events like war, change in laws, change in Government are well taken care of through hard brain storming and not on the basis of opinions or market sentiments. e-Commerce boom and its set-backs to the retailers are temporary. Slowly, slowly the people will come back to the traditional ways of purchasing i.e. physical purchasing like going to the store, feeling the product, exchanging some arguments with the seller, negotiating the prices and then buying the product. Why? because e-commerce buying is done through bank payments. Products are delivered to the buyer. Most of the buyers feel cheated as the product displayed on the portal is different and delivered is different. Return of the product due to faulty color, excess price, and feeling that I have been cheated, will bring down the sale of such companies. Two toners for the printer were bought. Payment was made through bank. Toners were delivered. But neither of them had the ink. When the customer care department was contacted, the person there said: No guarantee sir, product is imported. So, lost the money. Now I don't buy products through e-commerce. Slowly, slowly, this will spread and old days of show room sales and door to door selling will pick. Don't lose heart. more
Sep 24
Very true Professor , as we have been witnessing more complaints and
malpractices in the circle than appreciation. But certain section swear by
the products from e-Commerce yet. There has to be a check on quality
and the trader should be easily approachable. more
malpractices in the circle than appreciation. But certain section swear by
the products from e-Commerce yet. There has to be a check on quality
and the trader should be easily approachable. more
Sep 25
In the scenario of globalization and explosive e commerce ,a lot has happened .We cannot dictate or regulate discounting.But the element of cheating can be effectively to be tackled by enacting laws for our country. A lot of fake goods ,broken goods , fraudulent replacement of ordered goods should be addressed and the companies must be bound by law to replace and accept returns including compensation is to be implemented .Proved fraudulent companies must be banned from e commerce permanently . In US the e commerce companies are effcient and honest. more
Sep 24
