E-Commerce Business is one of the Trending in the Business segments, and we are noticing that every day there are millions of transactions are done throw the E-Commerce web site worldwide. If you are planning to launch e-commerce business then today we are here to help you that how e-commerce business operates and how you can start your own E-commerce business.
Start Online E-Commerce Business Ideas.
What is E-Commerce?
I am sure most of you are aware of the e-commerce business, but if you want to know more or you’re entirely new to the industry, then E-commerce is the Business that operates online throw websites. If you have any product and if you are looking for new customers, then you can go to the website and list your product and by this way you can start selling products.
India is one of the most growing markets in the E-commerce field, and we are noticing that more and more new players are jumping in the market. India has one of the largest mobile users; And India is the 2nd largest mobile users after the China and E-commerce have the direct connections with the mobile users. Mobile is one of the things that connect the users with the website and for that reason more and more companies are providing mobile-specific applications that allow users to buy any products directly from the mobile.
Online E-Commerce Business in India.
India is expecting 500 million Mobile users by the end of 2016, but the country is way behind the USA and few other countries regarding E-Commerce buyers. We have seen the mobile operators are offering internet connections at very low price and with the entry of Reliance Jio which are providing free 4G LTE Connections to the users till March 2017. Reliance Jio has attracted more users to the online world, and most the users are starting using the E-Commerce website such as Amazon, Flipkart, Snapdeal, and Latest Demonetizations of Money has attracted more visitors to Online Money wallets sites like PayTM and Freecharge.
The Indian Government is promoting Cashless to the people, and this is going to one of the biggest change in the industry as now everyone is trying to buy products online and this makes one of the largest E-Commerce markets in the world. Now people have started trusting E-Commerce website more and now business is shifting to online.
Customers are getting more and more benefits with the E-Commerce web site as they don’t have to visit the local market or they don’t have to waste their time and they get their product home or Office address delivery. Lots of websites are offering mega discounts, and this is one of the key points to the success of any e-commerce site.
How to Start E-Commerce Business in India?
If you are all set to launch your E-commerce Business in India and want’s make it something new and unique then here are the steps that you can Follow to achieve your goals. First, you need to make sure that you wants to create your E-Commerce store or you want to do a partnership with other E-Commerce websites.
There are numbers of Websites available that allows you to tie-up with them to sell your products on their e-commerce portal. This site is allowing options to set up your products on the site and then you can start selling it online. It is beneficial for the person who has single or minimal product.
If you are planning to start selling product on third party websites, then here Is the list of sites that allows you to sell your products on the portal. These sites are taking some share of the product selling price, but at the same time, you will get the high tractions as these websites have numbers of users, and they are well-established sites and people are trusting more on them so you can expect quick sell for your product.
- Amazon
- Flipkart
- Snapdeal
- ShopClues
- PayTM
The Above sites are offering excellent options to list your products and then you can start selling it easily. Now if you don’t want to go with this options and you wants to set up your E-Commerce site, then you can follow this guide as you need to setup everything from scratch.
Market Research:
Before Entering to E-Commerce business, you need to do market research as you first need to understand your main competitor. How they are dealing what price they are offering and what kind of products attracts more visitors. Once you are ready with the research, then you can Go to the next step.
Business Road Map:
Before Entering to Online business, you need to make sure that you have proper Business planning. We can call it Business roadmap as you always required the plan to achieve goals and this business plans to go to help you to achieve your goals as you always have the plan ready on paper so you can get the maximum productivity without wasting any time.
Naming Your Business:
Now Once your Business Plan is available, then next Step is to start deciding the Naming for your business. It is one of the necessary steps as you need to create some unique name for your firm and you need to pick the brand name that is easy to remember and people can easily remember it. For example, you can check Amazon, Flipkart, PayTM. All This names are easy to remember.
You can Find name using some online tools, or you can play with some words, and you can also take help from the friends, and if you have the budget, then you can hire someone to find the best suitable name for your business. The Name is critical, and for this reason, you have to concentrate more on it.
E-Commerce Store Development:
You can Hire Website Development agency to create the Online store for you. The site should look attractive and easy to navigate with the faster load time as the slower site will lose the interest of users, and you will lose the important business so always go with the best website development team and create a best attractive E-Commerce site for your business.
Legal Formalities:
Now you need to Register your business, and for this, you need to follow the legal formalities to register your Company. It is one of the necessary steps as you are going to selling products and for this, you need to register a company and then you can opt for the VAT registrations. The VAT Registrations is required as you are going to deal with the products and for this reason, you need the VAT Number.
Banking Partner:
Once the Legal Formalities is done then now, you can do the partnership with the bank, and you can open the Current account for your business. The Current account is necessary as you are going to take the payment using the payment gateway and then you will get the payment to your bank account. The Current account is one of the most important for any business.
Payment Gateway:
Now once your Website is Developed then next step you required is Payment Gateway. You can opt from any payment gateway provider that allows you to take the payment using the debit card, Credit card, and net banking. There are numbers of Payment Gateway providers in India, and if you are looking for our suggestions, then you can go with the CCavenue.
Once the Payment Gateway is setup, then you can start Adding your products to your E-Commerce website and then you can start selling it.
Marketing:
It is one of the important steps as once your E-Commerce site is ready, and then you required the Users who can visit your website and buy products from you. The starting stage is very hard, and you need to find your first customer who can start buying your product from the website.
You have lots of options for marketing like you can go with the social media marketing, email marketing, you can create your Facebook Page, Twitter account, Instagram account to market your business and this way you can start bringing users to your website.
You can also start Email marketing and attract more visitors, as email marketing always one of the profitable way to reach to maximum people and by this way, you will start selling your products. Always try to make the Email newsletter and offer some exclusive discounts for the people so that it will increase your sales.
Consultations:
We have tried to bring all the points that are necessary to start the E-Commerce business in India. The Indian market is growing rapidly, and if you have a proper plan and product, then you can start your E-commerce business.
Know more about Online Business in India.
- Industrial Business Evolution of eCommerce in India.
- Not Making Enough Money in Business Than Must Read it.
- Ways To Online Money Making Ideas For Startup.
In addition to start you online business or startup or online store. We are missed anything, just write us via comment bellow.