Running a business is a journey. It's always long, but it doesn't always have to be tough. Digital India is at its peak of success, and to own a store, you don't need cement; you don't need to pay rent. All you need to do is set up an Online Business and take the one-way street to easy success.
Read on to know 5 simple steps to becoming an ecommerce entrepreneur in India.
Decide what you will sell
When you are opening a conventional brick and mortar store a painfully long list of expenses crops up. It comprises expenses of renting/buying land, interior decoration, electricity and miscellaneous costs. Unavoidable and exorbitant as these expenses are when you have a brick-and-mortar store, selling on Snapdeal means that such expenses become void. In the absence of a registration or listing fee, you can actually start your business at a zero set-up cost!
Sign up with an ecommerce site
There's a reason why brick and mortar store owners are opening up to the idea of selling online. Not only is it much easier, quicker, and more convenient to sell online, it's also way more. All you need to do is to sign up on Snapdeal, one of India's largest and most successful online e-commerce portals. Just visit sellers.snapdeal.com and register yourself as a seller for free. There is no registration fee whatsoever. As a 24x7 online market, Snapdeal gives you unlimited access to millions of customers across India.
Get the basic documentation in place
At the time of registration with Snapdeal, you will need to get some basic documentation in place. This includes your GST Number, PAN (Permanent Account Number). Snapdeal can connect you to chartered accounts who guide you through this entire process. Once the docket is prepared, you just need to sign a Memorandum of Understanding with Snapdeal and you're get, set and ready to go!
List your products
This is where you get started with your products. Before you decide which of your products to put online, do some research. Identify sellers selling similar products and see what performs well, and what doesn't. Using what you've learned, choose which of your products to showcase. With online selling, the burden of browsing gets transferred to customers, and all you need to ensure is that your products look attractive and saleable. To do this, Snapdeal can connect you with trained, certified photographers who can carry out professionals shoots for you at nominal costs. This implies that you get ideal product shots and can build a gorgeous product catalogue that will make your customers' thumbs twitch!
Your product line is now ready to go live! Snapdeal connects all of its sellers to advisors who will give you and your team all the training you need to succeed, at no cost. At your end, you only need to ensure you do the basics right. Don't keep the price too high or too low; keep an eye on customer demands, likes and dislikes by monitoring sales and tracking inventories. Never compromise on quality - Snapdeal's Seller Rating System allows customers to boost or bring down your reputation depending on your performance; and, above all, make Constant Innovation your mantra!