Project Report: Customer Satisfaction Towards Online Shopping With Reference To Flipkart
Project Report: Customer Satisfaction Towards Online Shopping With Reference To Flipkart
ON
Submitted To
Research
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pg. 1
G.S. college of commerce & Economics , Nagpur
NAAC Re -Accredited "A" Grade Autonomous Institutions
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CERTIFICATE
This is to certify that Ms. Harshita Agrawal has submitted the project report titled
has not been submitted for any other examination and does not form part of any other
course undergone by the candidate. It is further certified that he has ingeniously completed
Place: Nagpur
Date:
pg. 2
G.S. college of commerce & Economics , Nagpur
NAAC Re -Accredited "A" Grade Autonomous Institutions
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DECLARATION
I here-by declare that the project with title “Customer satisfaction towards online shopping
Maharaj Nagpur University, Nagpur and this has not submitted for any other examination
and does not form the part of any other course undertaken by me.
Place: Nagpur
Date:
pg. 3
G.S. college of commerce & Economics , Nagpur
NAAC Re -Accredited "A" Grade Autonomous Institutions
ACKNOWLEDGEMENT
With immense pride and sense of gratitude, I take this golden opportunity to express my
sincere regards to Dr. S.S.Khatley, Principal, G. S. College of Commerce and Economics,
Nagpur.
I am extremely thankful to my project guide Dr. Kamlesh Thote for her guideline throughout
the project. I tender my sincere regards to coordinator, Dr. Afsar Sheikh, for giving me
outstanding guidance, enthusiastic suggestion and invaluable encouragement which helped
me in the completion of the project.
I will fail in my duty if I do not thank the non-teaching staff of the college for their co-
operation.
I would like to thank all those who helped me in making this project complete and successful.
Date:
pg. 4
INDEX
1. Introduction
6-9
Company Profile
2. 10-15
3. Research Study
16-23
• Statement of Problem
17-19
• Objectives of Study
20
pg. 5
Introduction
pg. 6
Internet is changing the way consumers shop and buy goods
Internet provides a unique opportunity for companies to more efficiently
reach existing and potential customers.
Many companies have started using the Internet with the aim of
cutting marketing costs, thereby reducing the price of their products and
services in order to stay ahead in highly competitive markets. Companies
also use the Internet to convey, communicate and disseminate information,
to sell the product, to take feedback and also to conduct satisfaction surveys
with customers. Customers use the Internet not only to buy the product
online, but also to compare prices, product features and after sale service
facilities they will receive if they purchase the product from a particular
store. Many experts are optimistic about the prospect of online business.
pg. 7
Many people choose to conduct shopping online because of the
convenience. Online shopping allows you to browse through endless
possibilities, and even offers merchandise that’s unavailable in stores.
The end user of this product is departmental store where the application is
hosted on the web and the administrator maintains the database. The
application which is deployed at the customer database, the details of the
items are brought forward from the database for the customer view based
on the selection through the menu and the database of all the products are
updated at the end of each transaction. Data entry into the application can
be done through various screens designed for various levels of users. Once
the authorized personnel feed the relevant data into the system, several
reports could be generated as per the security.
pg. 8
Online shopping is the biggest part of customer attraction as well
as customer satisfaction. In today’s technology environment, most
businesses rely on internet purchasing to both please their consumers and
attract new ones. The effects of online shopping on improving customer
satisfaction are the subject of this study report. The study also sought to
determine the effects of online shopping on improving customer
satisfaction in retail establishments. The research tasks entailed an ethical
construction of a questionnaire keeping in view the research topic and tasks
at hand. The construction of the survey was done keeping multiple touch
points in consideration. Extensive research was done to identify the most
prominent issues in the realm of online shopping. The survey was
constructed based on these observations and was then circulated to a group
of 100 respondents of varying ages, genders, and from different physical
locations. Likert scales were used to gather experience-based data from all
respondents. After being working on the research, we have come to learn
that customer satisfaction plays a vital role in how the choices of people to
shop online. Websites offering online shopping must have good customer
services and user-friendly applications or websites to be easily accessible to
the public and therefore making them prefer online shopping over in-
person shopping. The study also revealed that online shopping has a variety
of consequences (age and gender) and according to the analysis, online
shopping assists in good quality, access, and comfort, resulting in increased
customer satisfaction.
pg. 9
Company Profile
pg. 10
Flipkart is an Indian e-commerce company, headquartered in
Bangalore, Karnataka, India, and incorporated in Singapore as a private
limited company.[5] The company initially focused on online book sales
before expanding into other product categories such as consumer
electronics, fashion, home essentials, groceries, and lifestyle products.
Flipkart received $210 million from DST Global and in July it raised
$1 billion led by existing investors Tiger Global and South Africa’s media
group Naspers. Flipkart’s last fundraising round in December had
pegged its valuation at $12 billion.
pg. 11
In August 2018, U.S.-based retail chain Walmart acquired a 77%
controlling stake in Flipkart for US$16 billion, valuing Flipkart at around
$20 billion.
Private, subsidiary
Type
Industry E-commerce
• Tencent (5.1%)
• Microsoft (1.46%)
pg. 12
• QIA (1.43%)
• Accel (1.32%)
• Other (0.47%)
Parent Walmart
Subsidiaries • Myntra ••
PhonePe
Ekart
Jeeves
Cleartrip
Website www.flipkart.com
Achievements:-
• In 2014, Flipkart became the first Indian online retailer to achieve $1.9
billion GMV (Gross Merchandise Value).
• Flipkart’s app became the first Indian mobile app to cross 50 million
users in 2016.
• In 2016, the founders, Sachin Bansal and Binny Bansal were named
“Asian of the Year” by Straits Times of Singapore.
pg. 13
Acquisitions:-
Competition:-
With Snapdeal in its kitty, Flipkart now has only one major
competitor Amazon India. However, having only one is enough since Amazon is
betting big on India’s e-commerce revolution and has committed $5 billion
investments in Amazon India. The company has already received $2 billion in
funding and $3 billion more are planned. Amazon India has been consistently
expanding its customer base, which has resulted in tough competition for
Flipkart.
pg. 14
pg. 15
Research study
pg. 16
Statement of Problem :-
pg. 17
2. Logistics-related problems :-
3. Payment issues :-
pg. 18
4. Hidden costs :-
pg. 19
A consumer complaint can be filed by a consumer in India for any
of these problems encountered in online shopping, in the appropriate
consumer forum in India. MyAdvo connects you with the experienced
consumer court lawyers to deal with any of these 5 problems!
Objectives of study :-
PRIMARY OBJECTIVE :-
SECONDARY OBJECTIVES :-
pg. 20
• Sample Selection Procedure:
• Target Respondents:
Primary Source :-
Secondary Source :-
pg. 21
Hypothesis of the study:-
pg. 22
How to Register Business with Flipkart
pg. 23
Data Analysis and Interpretation
pg. 24
pg. 25
pg. 26
pg. 27
pg. 28
pg. 29
pg. 30
Limitations Of The Study
pg. 31
Almost attention was taken to eliminate any kind of biasness&
misinterpretation in the study to get optimum result, even though the following
limitations could have certain degree of impact on the findings.
• The study was confined to Delhi region only which may not represent the
real picture of the entire Delhi.
• Many Delivery Boys were not interested to participate in this research
study.
• Data collected about satisfaction & awareness level may not represent
the real picture.
• My Study is confined only 100 respondents.
• Lack of the research experience.
• The major problem is to find out the consumers of Flipkart as my study is
to find out the satisfaction level of the services provides by Flipkart to its
consumers.
• Many consumers were also not get ready to participate in the research
study.
pg. 32
SWOT Analysis of Flipkart
pg. 33
STRENGTH
• Strong Brand Value.
• Own Logistic arm.
• Own online payment gateway solution.
• Own market place model.
• Inventory management.
• Customer Service.
• Supplier network/relation.
WEAKNESS
• Investors driven Organization or lack of Independent board.
• Secretive and Political culture.
• Excessive focus on expanding customer base rather than pulling profits.
• Global reach.
OPPORTUNITY
• Online fashion and apparel business.
• Opportunity is always there because of a strong brand name
• Providing logistics services to its competitors.
• Growth in online retail sector in India.
• Enter new untapped global markets.
THREATS
• From competitors like Amazon, Snapdeal, Infibeam, Indiaplaza,Homeshop18
etc.
• Less usage/preference of online buying.
• Low Internet penetration.
pg. 34
Finding Of The Study
pg. 35
• Most of the respondent were not satisfied with the after sales services of
Flipkart.
• 74% consumers were satisfied with the service and 24% were not satisfied
with the service of Flipkart.
• 33% consumers believed that all several stuffs always available at Flipkart's
web portal 19% were not belived and 48% could not say anything about
the same.
• 78% of the respondents were satisfied with the behaviour of delivery boys
22% were not about the same.
• 20% consumers came to know about Flipkart from TV ads, 42% from
Newspaper Ads, 26% from hoardings, and 12% from Internet ads.
• Sales of premium products at Flipkart is not better.
• Some of the delivery boy does not wear the Flipkart T-Shirts which does
not give the feeling of belongingness and even do not wear their identity
card which shows the sign off.
• Most of the consumers think that prices of the products at Flipkart is higher
than the other shopping portals.
• 79% respondents were satisfied with the offers provided by Flipkart
remains not satisfied about the same.
pg. 36
Recommendations
pg. 37
• Company should always check the availability of the various products at
its web portal.
• Company should change their sales strategy as the sales of premium
products is not that good.
• From the website the company should remove the information of the
product which they have discontinued selling as it gives the wrong
information to their customers.
• Delivery boys should try to more satisfy the customers because they are
only the per son who face the customers on the behalf of the company.
• Delivery boys should always wear companies T-Shirt as well as identity
card during working time.
• Company should improve their after sales services which can boost the
sales of the company.
• Company should use more online media to promote their website.
• The company should use some better mode of technology which can
provide more better service to the customers.
pg. 38
Conclusion
pg. 39
I have learned a lot of things while doing this survey like consumer psychology-
How they behave, what they want, what they need, how they think while
Collecting the information about Flipkart and also observe the behaviour of
Delivery Boys, how they handle the customers, how they communicate with the
Customers, etc.
Flipkart has a wide category of Stuffs some are core products and some are the
Premium products. Mostly customers know more about core products in
Comparison to premium products and this may be due to lack of advertising or
Marketing of the premium range of products.
The study was conducted in Delhi region. After the survey was done I came to
Know that the consumers are not using online shopping only for the easiest way
To get the stuffs but also for cheapest in comparison to the retailers.
Consumers have very good experience with Flipkart 48% respondents were
Highly satisfied, 23% respondents were satisfied which sound very good result.
It was found apart from the price and quality of the products offered by flipkart
Is not the best online shopping website as it suffers at various other points the
Survey. Most of the respondents have rated it as just above and average. The
Research always reflects the truth.
No doubt Flipkart has very good quality product and availability at the web
portal.
Many consumer feels delightful with the Flipkart services and is satisfied with
Flipkart after sales service.
pg. 40
Summary
pg. 41
Flipkart was founded in 2007 by Sachin Bansal and Binny Bansal, both alumni of
the Indian Institute of Technology of Delhi. They had been working for Amazon
previously. The business was formally incorporated as a company in October
2008 as Flipkart Online Services Pvt. Ltd. During its initial years, Flipkart focused
only on books, and soon as it expanded, it started offering other products like
electronic goods, air conditioners, air coolers, stationery supplies and life style
products and e-books.
The first product sold by them was the book Leaving Microsoft to Change the
World, bought by WK Chandra from Andhra Pradesh. Flipkart now employs
more than 15000 people. Flipkart allows payment methods such as cash on
delivery, credit or debit card transactions, net banking, e-gift voucher and card
swipe on delivery.
Legally, Flipkart is not an Indian company, since it is based in Sing apore, and
majority of its shareholders and investors are foreigners. In May 2014, Flipkart
received $210 million from DST Global and in July it raised $1 billion led by
existing investors Tiger Global and South Africa's media group Naspers
pg. 42
References
pg. 43
Website :-
http://www.google.com
http://www.pureitwater.com/IN
http://www.pureitwater.com/IN/products
http://www.hul.co.in
http://en.wikipedia.org
http://economictimes.indiatimes.com
http://www.moneycontrol.com
http://www.reuters.com
http://www.investopedia.com
http://www.flipkart.com/aboutus.
pg. 44
Questionnaire
pg. 45
pg. 46
pg. 47
Flipkart Headquarters
pg. 48