Physical retail is the traditional in-person commerce method, with customers visiting brick-and-mortar stores for face-to-face transactions.\u00a0<\/span><\/p>\n On the flip side, <\/span>eCommerce<\/span> is the online buying and <\/span>selling of products<\/span><\/a>, offering convenience with virtual catalogues, <\/span>online payments<\/span><\/a>, and home delivery.\u00a0<\/span><\/p>\n Explore some more factors of distinctions in the table below.<\/span><\/p>\n eCommerce has done incredibly well in India, considering it is the second-largest online market in the work.<\/p>\n ECBD<\/a> projected India to grow at a 5.4% CAGR from 2023-2027 and the market is set to hit US$108,060.8 million by 2027, contributing to a global growth rate of 8.7%.<\/strong><\/p>\n Seven key segments dominate the Indian eCommerce market:<\/p>\n To deeply understand how eCommerce sets itself apart from physical retail, let’s find out what are the 7 Cs of eCommerce.<\/p>\n Before we dive in more, let’s start by exploring the basics of eCommerce<\/a>. It’s important to understand the traditional types that have shaped the eCommerce scenario we see today.<\/span><\/p>\n <\/p>\n Every business needs foundational pillars to start; similarly, it’s crucial to highlight the 4 key pillars essential for an eCommerce business.<\/span><\/p>\n Among the various pillars of eCommerce, we’ll focus our discussion on the primary 4 foundations.<\/span><\/p>\n Related read: <\/span>Website design trends that\u2019ll wow in 2024<\/span><\/a><\/p>\n Related read: <\/span>How to write product descriptions<\/span><\/a><\/p>\n Here is an example of an eCommerce business that is powered by Instamojo. This tribal-focussed ethical brand makes and sells handmade products to customers all over India. Thanks to their eCommerce website. Here is the story of Beejpaatra\u00a0<\/a><\/strong><\/p>\n Support this small business here\u00a0<\/a><\/p>\n People always talk about whether online shopping or regular shopping is better, you know? Well, let\u2019s open up on why many people think online shopping, aka eCommerce, has the upper hand:<\/span><\/p>\n India’s retail market<\/a> is projected to grow to 1.7 trillion U.S. dollars by 2026, up from 883 billion dollars in 2020.<\/strong><\/p><\/blockquote>\n The answer isn’t a simple yes or no. It’s actually a combination of both that will thrive and prosper in the years to come. Brands will have to engage in an omnichannel strategy<\/a> so that they can leverage the positives of the online world, as well as the human element of the physical stores.<\/p>\n Here’s a further breakdown:<\/span><\/p>\n See how Stree Kolkata, a D2C sustainable clothing brand, is leveraging the best of both worlds. Her online store hosted on Instamojo<\/strong><\/a> shows off their entire collection along with festive sales and personalized recommendations for her buyers. She is our proud Mojo Star!\u00a0<\/a><\/p>\n Her physical retail store in Kolkata proved a safe space for loyal customers to come and experience their textile before choosing to purchase them. It allows the brand owners to humanise themselves by meeting the customers directly at exhibitions and pop-up stores!<\/p>\n Check out Stree Kolkata’s store here\u00a0<\/a><\/p>\n Retail is transforming with eCommerce, revamped physical stores, and the dynamics of showrooming and webrooming. Check out how retailers adapt to meet modern consumer demands.<\/span><\/p>\n![\"What](\"https:\/\/www.instamojo.com\/blog\/wp-content\/uploads\/2024\/01\/What-is-the-difference-between-physical-retail-and-eCommerce.png\")
<\/p>\neCommerce growth in India\u00a0<\/strong><\/h2>\n
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What do you mean by eCommerce?\u00a0<\/strong><\/h3>\n
![\"what](\"https:\/\/www.instamojo.com\/blog\/wp-content\/uploads\/2024\/01\/what-are-the-7-Cs-of-eCommerce-1024x505.jpg\")
<\/p>\nWhat are the classifications of eCommerce?<\/strong><\/h2>\n
![\"What](\"https:\/\/www.instamojo.com\/blog\/wp-content\/uploads\/2024\/01\/What-are-the-traditional-types-of-eCommerce-1024x628.png\")
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What are the 4 pillars of eCommerce?<\/b><\/h2>\n
![\"What](\"https:\/\/www.instamojo.com\/blog\/wp-content\/uploads\/2024\/01\/What-are-the-4-pillars-of-eCommerce-e1704268320862.png\")
1. Website design and UX<\/b><\/h3>\n
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2. Product information<\/b><\/h3>\n
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3. Payment and security<\/b><\/h3>\n
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4. Logistics and customer service<\/b><\/h3>\n
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![\"beejpaatra](\"https:\/\/www.instamojo.com\/blog\/wp-content\/uploads\/2022\/02\/beejpaatra-online-store.png\")
Why is eCommerce in competition with retail?<\/b><\/h2>\n
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Will eCommerce dominate physical stores?<\/b><\/h2>\n
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![\"Stree](\"https:\/\/www.instamojo.com\/blog\/wp-content\/uploads\/2024\/01\/Screenshot-2024-01-03-at-1.37.17-PM-e1704278445266.png\")
Future of retail: eCommerce, physical stores, showrooming & webrooming<\/b><\/h2>\n
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![\"Showrooming](\"https:\/\/www.instamojo.com\/blog\/wp-content\/uploads\/2024\/01\/Showrooming-vs-webrooming.png\")
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Extend reach: Power your physical & online store with Instamojo<\/b><\/h2>\n