The Ecommerce industry is a testimony an enormous growth in India, to an increase in smartphones and the internet India has numerous people who want to start e-commerce businesses in India but here is a catch how to start e commerce business in India? Starting a business looks cool but it needs lots of effort and a sleepless night and yes a bag full of money. In this article, we have added some of the best strategies you can use to start your E-commerce and m-commerce business easily.
A business which is conducted over the internet is called eCommerce, in recent years’ e-commerce has become very popular.
Type of e-Commerce Model
Business to Consumer (B2C)
Business to Business (B2B)
- India Mart
- Trade India
Consumer to Consumer (C2C)
Consumer to Business (C2B)
How to Set Up an E-commerce Business?
You can start your e-commerce business if you have proper planning and marketing plans. Initially, there are two modes on which you can start your e-commerce business in India, an eCommerce website or joining an established marketplace
How to Start an E-commerce Business Step by Step?
Your mind keeps running with the question of how to start an e-commerce business in India, here we have added all the details and step-by-step procedures.
- Create your E-commerce Website
Creating an e-commerce website can be hard, as it requires a proper web development team, an online marketing team, and payment gateways. It also requires a good investment, as creating an e-commerce website is a long-term plan and it requires lots of time and money.
- Joining an Established Marketplace
It’s the easiest way to start an eCommerce business in India, you only need a bank account and GST registration to start selling your products on the marketplace. You can sell your products on multiple marketplaces without any hassle.
- Some of the popular marketplaces:
How Much Money to Start an E-commerce Business?
While it is possible to start an e-commerce business on a low budget, there are still several expenses to consider. It is not simple to tell exactly how much money will be needed to start an e-commerce business. The cost will depend on the type of e-commerce business you are going to start, marketing, products, etc.
If you want to start an e-commerce business on any marketplace you have to give them their advertising charges, commission as well as delivery charges and if we talk about creating your website you need a domain name, hosting, payment process, shipping, and advertisements and it requires a lot of capital.
License Required for E-commerce Business in India
Recent surveys number show that the e-commerce market is set to grow by 40% in India. Many people started running their businesses online and many are thinking to start their online business but the question is where to start. The first thing is you have to register your company and there is three-way you can register your company.
- Registering as a sole proprietor
- Registering as a public company
You can use PAN Card if you want to start your business as a sole proprietor. For good sales, VAT, sale tax, and excise are applicable but they are only applicable when your business crosses 10 Lakhs per annum.
The business license will be depending on the product you want to sell on your platform.
How to Start an eCommerce Business Without Money?
Starting an e-commerce business without any investment can be challenging but can be set up, you need to make a proper business plan and work with a tight budget. Here we have gathered some of the best strategies to help you to start your business without money.
Make a list of products you want to sell
The first and most important step is you have to figure out what type of product you want to sell. These products must be easily available and have a great margin when you sell them online. Do some market research and choose the best products
Choose the platform you want to sell your products
You can choose from multiple platforms and sell your products easily. If you are starting with zero investment, we suggest you go for the established marketplaces.
Look for the free web hosting
You want to sell your products on your website but you need web hosting and those hostings are quite expensive. Search free web hosting providers on google. Many service providers allow you to create a website without investing money.
There are so many ways in which you can promote your E-commerce:
- Social Media
There are many social media platforms you can use to promote your E-commerce stores like Facebook, Instagram, and Twitter.
Rank your website higher by making the SEO of your website effective, you can optimize it by using relevant keywords.
- Guest Blogging
You can write guest posts for other websites, this will help you to increase traffic to your website.
- Email Marketing
Email Marketing is one of the effective ways to promote your business as well as it is cost-effective.
How to Start an E-commerce Business on Amazon?
Amazon is a great place to start, you can easily start an eCommerce business on Amazon.
- Figure out what you want to sell on Amazon
- Signup for your seller account on Amazon
- Choose your business model - Private, Whole, or Retail
- Start listing your products
- Choose FBA shipment or easy ship
- Promote your products
The article discusses what it takes to start an E-commerce business in India, as well as how to start an eCommerce business without money and other topics. To be successful with your online business, you must have a clear understanding of the operations that will be required of you as your eCommerce business grows. We hope this post has provided you with a clear understanding of how to start, grow, and expand your business online.