Top 5 Successful eCommerce Startup Story

Today, many people today are looking to leave the daily grind for something that feeds their passion. You’re looking to start a new business this year, The Best idea is eCommerce business.

Here we see the Successful eCommerce Stores

Jeff Bezo’s eCommerce Startup Story: Amazonr
The company was founded as a result of Jeff Bezos in 1994. Initially incorporated the company with the name Cadabra. Bezos changed the name to Amazon.com. Amazon is now gearing up in India to play a role in the grocery retail sector aimed at delivering customer needs.

Amazon started by focusing on business-to-consumer relationships between itself and its customers and business-to-business relationships between itself and its suppliers and then moved to facilitate customer-to-customer with the Amazon marketplace which acts as an intermediary to facilitate transactions.

Amazon Investment: Amazon announces a US$2 billion investment in India.
Today, Amazon has their own line of branded products but also allows the other sellers to sell their products on his marketplace. This strategy also allowed Amazon to grow even quicker.

OLX Successful Stories:
OLX was co-founded in 2006 by Fabrice Grinda and Alec Oxen ford. They wanted to create a secure platform for trade featuring no costs for the users. This site has seen major success in the past years, especially in India, Nigeria, Kenya and South Africa. The company has given its own slogan which has very popular ‘sold it’ as they try to woo people into selling their stuff that they do not need through the OLX classifieds site. OLX is so popular that it is used in more than 150 countries in as many as 40 languages.

OLX has seen tremendous growth in India. The site is easy to navigate and focuses on mobile and proper advertising. Their unique communication strategy ensures the total brand appeal across the board. OLX can be used by anyone, regardless their social, cultural and geographical status.

eCommerce has become a growing business in all around the world and has great potential for even further growth as online buying and selling is a new norm instead of doing the rounds at shopping centres and overcrowded bazaars. Various online shopping sites are offering an apt platform for sellers to sell their products and have a chance to make additional sales by promoting their products online. More and more buyers are enjoying the comfort of online shopping owing to rise of smartphones and the availability of easy internet connectivity in the country.

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