critical factors to be addressed for a online/tele-shopping model in India
- Payment mechanism (wire/cash on delivery contributes to less than 3% of total online transactions) while Cheque in India seems to be just a confirmation, not a guarantee. If a cheque bounces (more than 2% of the cheque bounces for government utilities where there is a service termination /legal process/ or penalty is well defined in the payment acceptance policy and the customer even faces de-activation of his services whichever he is subscribed to, in addition to imprisonment of 6 months and a penalty of Rs 100/- min on such situations. Despite of all these collection policy guidelines, there are discrepancies in payment receipts; this needs to be well defined. - Pricing: The pricing is a critical factor to any purchase which is done online/ on a tele-shopping model. Either the brand has got high brand value & recognition/ or if the brand is not available locally,then the customer prefers to buy the product through online mode. - Local partners: The models which you are planning...