Wealth of Knowledge on E-Commerce with Dimers - Lets Discuss! - The Dimers Know it all Thread!!

Currently Ebay’s few hours deals is a hot marketing mania that is too warmly accepted by dimers.

Considering if it’s a serious decision on several questions before starting any business, we have to look future prospect 1st before we start to develop and how to do it. Most of the e-com are targetting future only and if we are to start something we have to decide our extreme goal. Gradually everyone succeed as no one sells something at a loss.

As for future 1st ever question would be, is our business going to be for attracting PE funds and videsi money and later selling to someone? This question arise as currently Indian e-com is at seeding stage and needs a very timely efforts and till plants start to give fruits we have to see many things in between from promotion to building customer base to brand to satisfaction to something different all are selling and so on. So what is our business’s future goal? Selling at a high like LetsBuy? Or keep buying small e-stores and becoming Amazon of India by 2020?

When we decide our final goal of coming into business we have to be clear how to survive cut-throat compitition. “Cheapest”, current DD favourite word is burning hole in pocket of current breed of e-com. They are doing to survive. If Yebhi is getting 1 order per 3 minutes by selling slippers at 1 and supplying thousands of orders, even if a slipper was of 50 bucks they got deep dig in pocket from packing to logistic to even printing of bills. So in this sell at loss era survival of fittest will make best profit 10 years down the line but for these 10 years how are we going to survive and upto what extent we can take a hole on our pocket.

x>more to be added later<x

Delivery would be the biggest challenge. As the freight and cargo companies in India is yet to learn professionalism.

chi321 wrote:

Considering if it’s a serious decision on several questions before starting any business, we have to look future prospect 1st before we start to develop and how to do it. Most of the e-com are targetting future only and if we are to start something we have to decide our extreme goal. Gradually everyone succeed as no one sells something at a loss.

As for future 1st ever question would be, is our business going to be for attracting PE funds and videsi money and later selling to someone? This question arise as currently Indian e-com is at seeding stage and needs a very timely efforts and till plants start to give fruits we have to see many things in between from promotion to building customer base to brand to satisfaction to something different all are selling and so on. So what is our business’s future goal? Selling at a high like LetsBuy? Or keep buying small e-stores and becoming Amazon of India by 2020?

When we decide our final goal of coming into business we have to be clear how to survive cut-throat compitition. “Cheapest”, current DD favourite word is burning hole in pocket of current breed of e-com. They are doing to survive. If Yebhi is getting 1 order per 3 minutes by selling slippers at 1 and supplying thousands of orders, even if a slipper was of 50 bucks they got deep dig in pocket from packing to logistic to even printing of bills. So in this sell at loss era survival of fittest will make best profit 10 years down the line but for these 10 years how are we going to survive and upto what extent we can take a hole on our pocket.

x>more to be added later<x

Thanks for sharing your thoughts – I believe that the whole Rs 100 cr is not coming from producs such as slippers
Also – I don’t think that investors will be valuing companies primarily by the numbers such as registered users/ sales etc they will be looking at profits too

As far as ebay’s new promotion goes – its a cheap way to get more registered users who has made a purchase on the website – this is a huge factor in valuation of ecommerce websites – unique user’s who made a purchase – the cost of acquisition is really high for some website (maybe more than Rs 200 per registration) but by subsidizing a Haldiram bhujia by let’s say 30 bux, eBay gets >5k new rgstered users making a purchase – hop you get the logic

well said rock bottom bro..
And yes even if yebhi are selling puma stuffs @75% discount they are still into some profit as most of the items are seconds i think and also many of the brands are “in-house”.

coolsajal4261 wrote:

well said rock bottom bro..
And yes even if yebhi are selling puma stuffs @75% discount they are still into some profit as most of the items are seconds i think and also many of the brands are “in-house”.

Ya I am sure they are making around 10% net margin

The coupons work like charm, and dynamic pricing of products by Yebhi is doing great I think

Count me in…
I am also in that “know it all” category but lack of proper people and most importantly positive attitude towards making something big in them is holding me back.
Few days back there was some discussion going on regarding this but not much people shown interest.
http://www.desidime.com/forums/dost-and-dimes/t…

viSH wrote:

Count me in…
I am also in that “know it all” category but lack of proper people and most importantly positive attitude towards making something big in them is holding me back.
Few days back there was some discussion going on regarding this but not much people shown interest.
http://www.desidime.com/forums/dost-and-dimes/t…

I was in..We shud really plan something BIG..

check out this..
link- http://www.deccanherald.com/content/228711/e-re…

coolsajal4261 wrote:

viSH wrote:

Count me in…
I am also in that “know it all” category but lack of proper people and most importantly positive attitude towards making something big in them is holding me back.
Few days back there was some discussion going on regarding this but not much people shown interest.
http://www.desidime.com/forums/dost-and-dimes/t…

I was in..We shud really plan something BIG..

Yes bro you are right lets form a group first then we can discuss at a length about it.

viSH wrote:

Count me in…
I am also in that “know it all” category but lack of proper people and most importantly positive attitude towards making something big in them is holding me back.
Few days back there was some discussion going on regarding this but not much people shown interest.
http://www.desidime.com/forums/dost-and-dimes/t...

Thanks for sharing this

I am engaging MartJack and will post reviews soon – I am already ‘in it’ and working along with my job on the e-commerce venture

I will post about various prevailing Business Models in this Industry in my next post – and you can provide me with your thoughts

I will make the second post of this thread as a Master Post that will be edited regularly and will become the bible of knowledge for dimers planning to gain ‘Business’ intelligence and not just Deal intelligence

MartJack is the most perfect platform as they are all in one solution provider.
I got a quote from them and saw the demo also its very very easy to use.

To start an e-commerce we need the 3 most basic things.
1. Adequate money to setup your online store. (1 lac will do just fine)
2. Positive attitude and patience.
3. Promotion

Now all this 3 basic things are very easy and manageable but only thing is required here is a gut to step up and take a walk in this open jungle.
I will always suggest a deal site to make the beginning cos its fast, easy and less headache.
Since we will starting up so don’t expect everything to fall under one place at a time cos it will take time but with deal site it will just be the most perfect beginning where we can start off by selling 4-5 products. It will also give us a fair idea how our business is shaping us and how we can plan and take up our next step.

MartJack can offer us good startup which includes Webstore setup, Payment Gateway(EBS) integration & setup, Transaction charges @ 3%, Logistics tieup with Aramex as well as Gati and not to forget the Martjack Exchange Listing where we can do more good to our business.

Have a look at this offer which I got in Jan from them for the L2 Basic Version. Its cost saving and very effective.

viSH wrote:

MartJack is the most perfect platform as they are all in one solution provider.
I got a quote from them and saw the demo also its very very easy to use.

To start an e-commerce we need the 3 most basic things.
1. Adequate money to setup your online store. (1 lac will do just fine)
2. Positive attitude and patience.
3. Promotion

Now all this 3 basic things are very easy and manageable but only thing is required here is a gut to step up and take a walk in this open jungle.
I will always suggest a deal site to make the beginning cos its fast, easy and less headache.
Since we will starting up so don’t expect everything to fall under one place at a time cos it will take time but with deal site it will just be the most perfect beginning where we can start off by selling 4-5 products. It will also give us a fair idea how our business is shaping us and how we can plan and take up our next step.

MartJack can offer us good startup which includes Webstore setup, Payment Gateway(EBS) integration & setup, Transaction charges @ 3%, Logistics tieup with Aramex as well as Gati and not to forget the Martjack Exchange Listing where we can do more good to our business.

Have a look at this offer which I got in Jan from them for the L2 Basic Version. Its cost saving and very effective.

This is the one I have opted for

Also – they will help you will pretty good web designing too – customized as per your requirements

First of all I seriously dunno who all are voting this thread down. Must be some jerks who only understand one thing in their life and that is Loot
Anyways now coming to the topic RB bro you opted means? you already applied for it?

this might be inspiring & helpfull to u ppl …. story of greendust

http://economictimes.indiatimes.com/news/emergi…

drjpatwa wrote:

this might be inspiring & helpfull to u ppl …. story of greendust

http://economictimes.indiatimes.com/news/emergi…

GoodOne.. Thanks for Sharing !

I really don’t know if MartJack system will help succeed.

If someone wants to join ecommerce bandwagon the best one and the cheapest is already in place… ebay !!!

• No setup charge to open an online shop on ebay. [MartJack 40K per year]
• Paisapay PG at fraction of the cost ( I paid just Rs.2500 a long time back as onetime fee) [MartJack 2600 yearly]
• Ebay calls you for merchant training (not just software) and works for promoting the merchant [MartJack expect you to do it all]
• Ebay gets you visitors. At a small fee gets your merchandise listed higher in featured categories [MartJack expects you to do all that]
• People trust Ebay. [Custom site using MartJack would have “me-too” clone appeal so not easy to trust]
• Ebay takes commission on per transaction so scaleable [MartJack takes all money upfront]

Chances of some startup to make money in the ecommerce world is HIGHER in case of ebay than MartJack.

Ebay has a vested interest in growth of the merchant. So if the merchant grows they will grow.
While MartJack takes money upfront and they don’t care if you fail or succeed all they are concerned is the money.

Rather 2 years later after paying 1 Lakh to martjack the merchant will refer it as SmartA$$jackED

green dust is bad website…they dont send pen drive and reuturn money after 2 months….plzzz not promote greendust

khatiya wrote:

green dust is bad website…they dont send pen drive and reuturn money after 2 months….plzzz not promote greendust

i m not at all promoting them !!!!!!!

as ppl r talking abt open up new venture , i just gave them story of greendust which i found…..

sorry dr sahab….how r u

dharmanath481 wrote:

I really don’t know if MartJack system will help succeed.

If someone wants to join ecommerce bandwagon the best one and the cheapest is already in place… ebay !!!

* No setup charge to open an online shop on ebay. [MartJack 40K per year]
* Paisapay PG at fraction of the cost ( I paid just Rs.2500 a long time back as onetime fee) [MartJack 2600 yearly]
* Ebay calls you for merchant training (not just software) and works for promoting the merchant [MartJack expect you to do it all]
* Ebay gets you visitors. At a small fee gets your merchandise listed higher in featured categories [MartJack expects you to do all that]
* People trust Ebay. [Custom site using MartJack would have “me-too” clone appeal so not easy to trust]
* Ebay takes commission on per transaction so scaleable [MartJack takes all money upfront]

Chances of some startup to make money in the ecommerce world is HIGHER in case of ebay than MartJack.

Ebay has a vested interest in growth of the merchant. So if the merchant grows they will grow.
While MartJack takes money upfront and they don’t care if you fail or succeed all they are concerned is the money.

Rather 2 years later after paying 1 Lakh to martjack the merchant will refer it as SmartA$$jackED

+1
well said.
dharmanathbhai u always speak logic ya
simple commonsense, i agree with your view.
let me be clear that i am not against any views, everyone has his own views,thinking, logic etc, but wanted to say that the above view match my views too, thats it

viSH wrote:

First of all I seriously dunno who all are voting this thread down. Must be some jerks who only understand one thing in their life and that is Loot
Anyways now coming to the topic RB bro you opted means? you already applied for it?

Yup dude – my site is in the implementation stage

rename topic as “DESIDIME – Entrepreneurship Development Cell”

dharmanath481 wrote:

I really don’t know if MartJack system will help succeed.

If someone wants to join ecommerce bandwagon the best one and the cheapest is already in place… ebay !!!

* No setup charge to open an online shop on ebay. [MartJack 40K per year]
* Paisapay PG at fraction of the cost ( I paid just Rs.2500 a long time back as onetime fee) [MartJack 2600 yearly]
* Ebay calls you for merchant training (not just software) and works for promoting the merchant [MartJack expect you to do it all]
* Ebay gets you visitors. At a small fee gets your merchandise listed higher in featured categories [MartJack expects you to do all that]
* People trust Ebay. [Custom site using MartJack would have “me-too” clone appeal so not easy to trust]
* Ebay takes commission on per transaction so scaleable [MartJack takes all money upfront]

Chances of some startup to make money in the ecommerce world is HIGHER in case of ebay than MartJack.

Ebay has a vested interest in growth of the merchant. So if the merchant grows they will grow.
While MartJack takes money upfront and they don’t care if you fail or succeed all they are concerned is the money.

Rather 2 years later after paying 1 Lakh to martjack the merchant will refer it as SmartA$$jackED

Thanks for sharing your thoughts. I have been a seller on ebay (>80 positive feedback ) and now I have opted for MartJack for my own venture. Here are my thoughts and pro’s and con’s

Just one question for you – how can you comment on paying martjack 1 lac without any volume comparison dude? If you are targeting to sell goods worth lets say 20 lacs in 2 years on ebay (not a really big target) – you end up paying 5% i.e. 1 lac! Now read on..

Ebay Positives:
1. No charges and very less documentation
2. Perfect competition – u quote less, u sell more
3. No promotion required – ebay sells by name – u just need to build positive feedback

Ebay negatives:
1. Your efforts would make u earn money, but also increase ebay’s share (ranging from 5% upwards) in the pie – and increase ebay’s valuation
2. You NEVER own the thing – if ebay suspends you (happens everyday) – you start from scratch, even if you have 1000+ positive feedbacks, ebay doesn’t give a damn!
3. It’s perfect competition, you list for 100, someone else lists it for 95 and scores! So u monitor regularly. Competition is right below your listing.

MartJack and Other platforms or DIY Website (if you are a techie)

I thing comparing this with ebay is not correct in the first place. Its like you are comparing being a salesperson on Nokia in a multi-brand store vis-a-vis having your own store. There is virtually NO competition in YOUR market i.e. your website. People might got to to other websites (including ebay) to compare, but there ain’t no competition there.
Secondly, if you sell more, no one gets a cut on it other than the payment gateway. Also, you increase your OWN valuation in the market. Your business is independent and you can scale it up and get funding, enter into a JV, get acquired etc. However, on ebay, even if you sells for >1 cr (I know a guy who does), you remain ebay’s baby.

However I would say ebay should be everyone’s first step in the e-commerce space. Then when you have the experience and the confidence, venture yourself. Nothing compares with the feeling of having your own setup, the passion is at a totally different level.

dharmanath481 wrote:

I really don’t know if MartJack system will help succeed.

If someone wants to join ecommerce bandwagon the best one and the cheapest is already in place… ebay !!!

* No setup charge to open an online shop on ebay. [MartJack 40K per year]
* Paisapay PG at fraction of the cost ( I paid just Rs.2500 a long time back as onetime fee) [MartJack 2600 yearly]
* Ebay calls you for merchant training (not just software) and works for promoting the merchant [MartJack expect you to do it all]
* Ebay gets you visitors. At a small fee gets your merchandise listed higher in featured categories [MartJack expects you to do all that]
* People trust Ebay. [Custom site using MartJack would have “me-too” clone appeal so not easy to trust]
* Ebay takes commission on per transaction so scaleable [MartJack takes all money upfront]

Chances of some startup to make money in the ecommerce world is HIGHER in case of ebay than MartJack.

Ebay has a vested interest in growth of the merchant. So if the merchant grows they will grow.
While MartJack takes money upfront and they don’t care if you fail or succeed all they are concerned is the money.

Rather 2 years later after paying 1 Lakh to martjack the merchant will refer it as SmartA$$jackED

Thanks four inputs we welcome every kind of views good, bad, positive & negative.
But then those who are not matching with the views we are having can stay out of it cos we are here looking for people who can share their idea which can take one to the next level.
Now comparing ebay with any other platform is as ridiculous as Rakhi Sawant or Veena Malik.
I myself being an ebay seller know very well that how it works.
And if someone said that they are the most easiest to operate then you really need to check them again.
Ebay is always been buyers heaven as all the protection and coverage are for buyers only.
Basically Sellers in ebay’s world are more like a slut.

No setup charge to open an online “shop” on ebay. [MartJack 40K per year]
Someone really need to get his eyes checked cos ebay charges monthly subscription fees of 499 bucks for basic store, 1999 for featured store & 3999 for premium one.

Paisapay PG at fraction of the cost ( I paid just Rs.2500 a long time back as onetime fee) [MartJack 2600 yearly]
Oops that fractions really hurts until unless you are not one of the power seller.

Ebay calls you for merchant training (not just software) and works for promoting the merchant [MartJack expect you to do it all]
Mart Jacks also provides great training with all the support you ever going to need. And they promotes the Merchant in every capacity possible.
While ebay promotes those from where they get to drive huge income.

Ebay gets you visitors. At a small fee gets your merchandise listed higher in featured categories [MartJack expects you to do all that]
I think you really need to get in touch with those MartJack people cos they do everything to promote your site and they not at all except us do things on our own.

People trust Ebay. [Custom site using MartJack would have “me-too” clone appeal so not easy to trust]
No if everyone start thinking that way then I don’t think we would’ve been able to see Steve Jobs(Apple), Kunal Bahl(Snap Deal), Hitesh Dhingra(Letsbuy) & Monica Gupta(Craftsvilla) to name the few.
Ebay then also existed when this guys were learning abcd but still they had a desire to make big thats why today they are the leaders of E-commerce bandwagon.

Ebay takes commission on per transaction so scaleable [MartJack takes all money upfront]
Refer to point no. 2
Ok I will make it simple. Suppose you need to sell a mobile worth Rs 10000 on ebay then what ebay gonna charge you.
You will be charges listing fees, then listing upgrades if you want ranging from Rs 3 to 100. Then a final value fee on your item which is generally 1% of your listed item.(Listing fees varies from product to product for Mobiles its 1% and Mobile accessories its 5%)
And add to that their is a transaction charge too which you can see in the above image.
Oh I forgot you need to pay 10% service tax + 3% Cess (Edu: 2% + Sec & High Edu: 1%)

Hell its not over yet you need to have a courier tie-up too or else they will not deliver your Mobile to the buyer and if they do then will quote you a price which will make you sing the song.——> Main aisa kyun hoon main waisa kyun hoon

Last but not the least now wait for the buyer to get his item and then again wait for that moron to come and confirm the receipt of the item. (Well more than 50% buyers don’t give a damn of confirming the receipt of the item) And somehow if buyer doesn’t confirms then wait for few more days till ebay automatically treats it as “Item Received”.
Now ebay will process your money to your account.

hahahahahaha I did not realize I wrote so much..
But now you guys can have a fair idea about both the aspects while Mr. Dharamnath chose to go against the Martjack I decided to stick in their favor.

On that note I will end this post and put a quote by Mr Bill Moyers

“ Freedom begins the moment you realize someone else has been writing your story and it’s time you took the pen from his hand and started writing it yourself .”

wow great thread,count me in, was really interesting reading all the views, first was convinced totally with dharmanath481 bro ,but rb bro really had got very good counter view , i am totally impressed with rb bros view of first should open a ebay shop to know more about e-com biz and also the perspective buyer, will do this but right dont know what is gud to sell on ebay, i wud be great if any 1 can suggest simple stuff to sell on ebay so to understand the buyer

the most frustrating thing in ecom is the negative competition, every other site is trying to outplay the others in price war, to be frank a year back i use to wonder who will buy from flipkart when 1 can get the same products cheaper in many other sites , even now i must say i shop only when i get the products cheaper in promos , i really liked the commitment shown by shopclues in the jan 26 promotion and was very much satisfied and wud luv to shop again,but never visited there site after that ,so my question is how long they can survive like this the customer accusation cost is 2 high w/o knowing whether he /she will give repeated business , had read that the most sold products on letsbuy was mostly sd cards which r latest profitable

what i learned from lb is that the profitability in electronics is very less and the investment amount is more so the best think is to know what sells and how to make most of it

lastly main thing to remember for start ups is rather selling every thing one shud concentrate on selling the products which guarantee survival, may not except profits but atleast one should not cut deep into loses and then praying for vc for rescue

viSH wrote:

dharmanath481 wrote:

I really don’t know if MartJack system will help succeed.

If someone wants to join ecommerce bandwagon the best one and the cheapest is already in place… ebay !!!

* No setup charge to open an online shop on ebay. [MartJack 40K per year]
* Paisapay PG at fraction of the cost ( I paid just Rs.2500 a long time back as onetime fee) [MartJack 2600 yearly]
* Ebay calls you for merchant training (not just software) and works for promoting the merchant [MartJack expect you to do it all]
* Ebay gets you visitors. At a small fee gets your merchandise listed higher in featured categories [MartJack expects you to do all that]
* People trust Ebay. [Custom site using MartJack would have “me-too” clone appeal so not easy to trust]
* Ebay takes commission on per transaction so scaleable [MartJack takes all money upfront]

Chances of some startup to make money in the ecommerce world is HIGHER in case of ebay than MartJack.

Ebay has a vested interest in growth of the merchant. So if the merchant grows they will grow.
While MartJack takes money upfront and they don’t care if you fail or succeed all they are concerned is the money.

Rather 2 years later after paying 1 Lakh to martjack the merchant will refer it as SmartA$$jackED

Thanks four inputs we welcome every kind of views good, bad, positive & negative.
But then those who are not matching with the views we are having can stay out of it cos we are here looking for people who can share their idea which can take one to the next level.
Now comparing ebay with any other platform is as ridiculous as Rakhi Sawant or Veena Malik.
I myself being an ebay seller know very well that how it works.
And if someone said that they are the most easiest to operate then you really need to check them again.
Ebay is always been buyers heaven as all the protection and coverage are for buyers only.
Basically Sellers in ebay’s world are more like a slut.

No setup charge to open an online “shop” on ebay. [MartJack 40K per year]
Someone really need to get his eyes checked cos ebay charges monthly subscription fees of 499 bucks for basic store, 1999 for featured store & 3999 for premium one.

Paisapay PG at fraction of the cost ( I paid just Rs.2500 a long time back as onetime fee) [MartJack 2600 yearly]
Oops that fractions really hurts until unless you are not one of the power seller.

Ebay calls you for merchant training (not just software) and works for promoting the merchant [MartJack expect you to do it all]
Mart Jacks also provides great training with all the support you ever going to need. And they promotes the Merchant in every capacity possible.
While ebay promotes those from where they get to drive huge income.

Ebay gets you visitors. At a small fee gets your merchandise listed higher in featured categories [MartJack expects you to do all that]
I think you really need to get in touch with those MartJack people cos they do everything to promote your site and they not at all except us do things on our own.

People trust Ebay. [Custom site using MartJack would have “me-too” clone appeal so not easy to trust]
No if everyone start thinking that way then I don’t think we would’ve been able to see Steve Jobs(Apple), Kunal Bahl(Snap Deal), Hitesh Dhingra(Letsbuy) & Monica Gupta(Craftsvilla) to name the few.
Ebay then also existed when this guys were learning abcd but still they had a desire to make big thats why today they are the leaders of E-commerce bandwagon.

Ebay takes commission on per transaction so scaleable [MartJack takes all money upfront]
Refer to point no. 2
Ok I will make it simple. Suppose you need to sell a mobile worth Rs 10000 on ebay then what ebay gonna charge you.
You will be charges listing fees, then listing upgrades if you want ranging from Rs 3 to 100. Then a final value fee on your item which is generally 1% of your listed item.(Listing fees varies from product to product for Mobiles its 1% and Mobile accessories its 5%)
And add to that their is a transaction charge too which you can see in the above image.
Oh I forgot you need to pay 10% service tax + 3% Cess (Edu: 2% + Sec & High Edu: 1%)

Hell its not over yet you need to have a courier tie-up too or else they will not deliver your Mobile to the buyer and if they do then will quote you a price which will make you sing the song.——> Main aisa kyun hoon main waisa kyun hoon

Last but not the least now wait for the buyer to get his item and then again wait for that moron to come and confirm the receipt of the item. (Well more than 50% buyers don’t give a damn of confirming the receipt of the item) And somehow if buyer doesn’t confirms then wait for few more days till ebay automatically treats it as “Item Received”.
Now ebay will process your money to your account.

hahahahahaha I did not realize I wrote so much..
But now you guys can have a fair idea about both the aspects while Mr. Dharamnath chose to go against the Martjack I decided to stick in their favor.

On that note I will end this post and put a quote by Mr Bill Moyers

“ Freedom begins the moment you realize someone else has been writing your story and it’s time you took the pen from his hand and started writing it yourself .”

great to c vish bro explaining everything so nicely and stop abusing to get through his point lol

Jai bro did I abuse?

viSH wrote:

Jai bro did I abuse?

just joking bhai, never knew u wer so knowledgeable until reading ur last post ,this may be because u had never shown what u got or may be i was in some other place when u were displaying ur loads of talents ,anyway real great thread thanks to u and rb for sharing so much and enlighting me and others ,plz keep this on