e-Commerce business in Bangladesh
e-Commerce is refers the buying and selling of products or services over electronics system through internet or others computer networks. Day by day e-Commerce business in Bangladesh is growing gigantically. e-Commerce combines few range of processes, such as:
- Electronic data interchange(EDI)
- Electronic mail (Email)
- World Wide Web (WWW)
- Internet applications
- Network applications
It does not include transaction over the telephone or fax but online banking system can be acceptable with visa or master cards. There are also some others purchase available in the world wide. For example,
- 1950 companies started to begin the computer store and process transaction records.
- 1960 the large volume business started transaction on purchase card.
- 1968 transaction data Co-ordination Committee (TDCC) was formed by some company.
- 1979 ANSI (American National Standards Institute) chattered a new committee to develop uniform EDI (Electron Data Interchange).
- 1979 the online shopping was invented in the UK by Michael Aldrich
- 1982 the Minitel was introduces in nationwide in France by France telecom and started online ordering.
- 1984 the world first B2C online was home shopper and Mrs. Jane Snowball uses the gates head SIS/Tesco system to buy groceries.
- 1987 Swreg begins to provide software to support online system.
e-Commerce improves the efficiency and effectiveness of business, government and not profit organization agencies. The ability of this business conductance all over the world in 24/7. Its major advantage is online and can save a lot of time and money rather than go outside and spent some extra money for shopping. However going online does not guaranteed 100% success and it totally depends on the organization.
Bangladesh is one of the large market in the world as population but the peoples are not well enough for online market yet. Since 1970 to 2000 can be said that Bangladesh was almost in the darkest in e-Commerce business. The peoples even never imagine for e-Commerce. They just work in the computer for assignment for school, colleges and university or can be used in private organization or government. But it was very rare in the government project.
Since 2000 the students just waked up and started a revolution with computer work in every department in the every organization and also it’s going to involve most of the government project too. The peoples are getting better and better in terms of time. Bangladesh is also going fast and like western or develops countries. The peoples are doing many things online like read news paper and doing lots of out sourcing work and getting very good money and not only himself also giving good remittance to the nation too. The peoples are specially studying in the private universities and they are very good enough for the e-Commerce knowledge and uses development.
This is very exciting that the private universities are also giving free laptop to every student and forcing them to jump and learn many things from online. This is also nice to see that they are doing online business and putting many things on their sites and selling them easily.
If we go the sites of Bikroy.com or ekhanei.com or the apnardeal.com the most successful e-Commerce business at present in Bangladesh then you can feels the scents of the e-Commerce booming. They are also the pioneer of Classified Ad site of Bangladesh. Now a days peoples are reading news paper in online and they do the business in the news paper site also. We can also find different advertisement for business in the Facebook or twitter. So that people can easily see them and getting their shopping online.
This is very clear that the peoples of Bangladesh are going to purchase online like western or Europe. There are not many sites like western but its increasing day by day in the country and also spreading the rest of the district of Bangladesh. The government also taking part of that and taking many projects to build digital Bangladesh. The peoples can realize that they can save a lot of time for doing online shopping and also can do others works too. Now a days we can see that people are giving bill online.
The e-commerce is the greatest opportunity for a person whether he or she pays the bill online or purchase anything or even can do the business to sell something’s unusable from his home or office. He or she does not need rent a office or space for sell. He just easily can sell this on his own website or even can use others site for selling goods or staffs. e-Commerce is the blessing by the God to the world. The western peoples can’t even think without e-Commerce because they are very much familiar with that and developing also day by day for better satisfaction.
Recently in Bangladesh e-CAB (e-Commerce Association of Bangladesh) has started their operation for provide a common platform for discussing and exchanging views on business conditions and issues, both domestic and international, affecting companies or organizations involved with E-commerce or online marketplaces through which trade is facilitated or commenced. e-CAB’s aim also to take action for preservation of rights and interest especially, of the members of the organization and generally for the development of the business services who are related with E-Commerce business, nationally and internationally. To take all steps to support, protest and prevent constitutionally all governmental law or proceedings imposed against any member of the association. The trade organization shall discharge its activities considering the state policy and overall public interest and also it shall not arrange participate or support any activities in contrary to the regulations of the state and subversive to the social peace & tranquility.
They also collect maintain, distribute or supply all data statistics and other information necessary for the Email promotion and advancement of business of E-Commerce through letters, circulars, periodicals or though press and other publicity media and to obtain or develop information books, brochures, visual aids and education items for members and to distribute them on a pro-data, on profit on loss basis.
I already start my E-Commerce business in Bangladesh. My site is: nanarokom.com
This post will help me as it is vast informative. Thanks for this post. Hope will get such type of post in recent future.
Best wishes for your new website nanarokom.com. I hope this site will provide extra ordinary service in our country. Best of luck.
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I think you will get a better opportunity for providing service and it might very helpful for the Bangladeshi and also over the world. That is great side what is helpful because this is very excited that the private university are also giving free laptop for every student and forcing them to jump and learn many things online. This is very nice to see that they are doing online business and putting many things on their sites and selling them easy.
Internet usage in Bangladesh is growing at a rapid pace. Recent report says that there are three crore people in Bangladesh have already access to internet communication while two crore more will soon enjoy the facility. And there are a lot of companies are showing their interest on this field. You can click here for know better about this e commerce issue in Bangladeshi field.
E-commerce ,e-shops will have a boom if the price are very reasonable like shopping in new market etc ,for my personal exp the price is double compare to local physical markets while subtracting the delivery cost. If chain supermarkets offer same price or 10% high cost then local grocery shops people will come to supermarkets leaving only lower level of people in the society. Same thing goes to e shops ,they have to overcome the challenge of price reduction.
Now-a-days e-commerce is getting popular in Bangladesh. Two days ago i purchased a Fastrack watch for my son from aponzone.com and i am satisfied about their service and quality.
It is a good information. We hope you will bring more good post for us.
Definitely with a passage of time it is improving, new technology, smart phones and bandwidth options have really pushed e-commerce at its peak and it will keep on growing. I purchase mostly online so i know about most BD online stores like Kaymu, priyo, apnozone, apnardeal.com etc, all are equally good at their own place.
I am totally agree with you. Thanks for your comments and please keep posting us. Take care.
We just started an e-commerce site ( bangalibazar.com ). Your writing is going to help us a lot. Its basically an “eshop” where people can get their daily needs.
Best wishes for bangalibazar.com Please keep posting us how is going your eCommerce business. Good exeperience and bad experience too.. Take care.
I want to start e commerce business in Khulna. How many invest I need? What materials I need?
How can I start this business?
Hello: Its a very good thinking that you wish to start e-Commerce business. Hope you already final your business plan. The end to end flow of the product. How much you wish to spend as investment is totally on you. Appreciate if you share is business plan in short. What product you want to sell and who will be your target customer etc etc.
Please guide me where I can learn to maintain a website ? Is there any institute to have courses to learn to open a website and it’s operations ?
Hello: In Bangladesh there are lot’s of training centre those can have ability to guide you and train you on web development. If you Google them for search and talk in person or phone. We hope you can figure out it easily.
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Thank you so much 🙂 Please keep reading my blog and share the articles in your all social networking channels.
THANK YOU FOR GIVE US IDEA ABOUT E-BUSINESS IN BANGLADESH.
You are most welcome 🙂
Thanks Mr Moinur for such a helpful informational resource. I am working for an ecommerce site but I was confused about the condition of ecommerce sector in bangladesh. I appreciate your work.
You are most welcome. Regarding eCommerce, believe me Bangladesh has lots of protentiality. If you want to come in this sector then comeup with some unique good feature because currently there are lots of site those has similar feature and customers got confused with all these. For example bdjobs.com, bikroy.com just think these sites. Unique and lots of good feature But there are lots of similar sites in the market whose has same business and i am sure they are just following their leaders. apnardeal.com, ekhanei, clickbd etc. are example.
Please try to get membership from eCAB too. Because they are too good and very helpful official eCommerece body of Bangladesh.
Hello Mr. Moinur Rahman,
I wanna start social website where users can earn money by post good writings. people can campaign on this website as other social sites. This site will for all countries. I have no office. Can you tell me that without office, is needed any license? If needed, from where I have to take license?
Hello Mr. Enamul:
Thanks for writing me.
That’s a very good idea regarding your website. If you are from Bangladesh then you should collect your trade license under eCommerce category. For getting trade license you might need present and permanent address against your website. Also you should take membership from eCAB (eCommerce Association of Bangladesh). Being a member of them they will help you in depth in all process. They are very professional and very helpful.
Please let me know if you have more queries.
* Please don’t forget to let me know your website address. I will love to visit your site in future.
Best of luck.
Sir, I am from India and want to scope out the Bangladesh ecommerce market for a tech product that will enable the players to earn ancillary revenue. I needed help in terms of the market size and other statistics. Could you help me by letting me know where I can get these details from, please? Thanks in advance.
This organization is officially designated for all kinds of eCommerce related things. e-cab.net – eCommerce Association of Bangladesh
How much it cost to run a website? For spreading the information of available products need a website with a lot of pages. Per year how much money need to give to the host of domain? to edit or add pages need extra money?
I would like to start online book selling business like rokomari.com. I would like to know the legal process of business. Such as , Can I srart this business with only trade licence from city corporation or I need approval from other govt. authority. If need approval from other govt. authority please tell me the name of authority.
Thanks for this nice informative post. I am in need of creating a business plan for a online newspaper. Can you pls suggest where and how create such a plan?