Internet has made things fast and lot of people in India prefer online shopping than going to a mall and shopping for themselves. Online shopping is convenient and saves lot of your time and money. You browse through the catalogue of products available online, choose what you like and then place the order. There is lots of online shopping sites exist in India and some them establish themselves as giant retail shopping player and other find way to wind up. You will find all the list of shopping website on Indianonlineshoppingsites.com So there is lots of opportunities for e-commerce star-up business.
In the following article you will find the exact information about how to start-up E-commerce business in India. Such as whats legal procedure and license require to authorize your business with Indian government. Its procedure as well as outsourcing requirement.
How to Start E-commerce Business in India with Flipkart, Snapdeal, Amazon & Legal Pre-requisites, Procedural Pre-requisites and Much More
E-commerce business is one avenue where everyone wants to be today. The sheer potential and widespread it offers can be very good source of startup ventures. In such a case it becomes quite essential that you know the path on which you may travelling in order to foray into e-commerce business. This post will exactly cater to this need of yours.
You can read this post to understand so as to:-
a) How can you startup your own e-commerce business In India
b) What are the Legal Pre-requisites required for the e-commerce business
c) What are the procedural pre-requisites for e-commerce business In India
d) How to sell your products on several marketplace platform like Flip-kart, Amazon, Snapdeal or Paytm etc
e) How to increase your sales by choosing these e-commerce websites
f) How to start your own e-commerce website marketplace and procedure you need to do
g) Can the startup process be outsourced to Third Party Companies or Consultants
How can you startup your own e-commerce business In India
To start your own e-commerce business, you need to first understand the various business models that are available as an option to you. For example, you may:-
a) Sell the inventory to your customers via E-commerce marketplace websites like Snapdeal, flipkart, Amazon, Myntra, Paytm and many others.b) You may create your own website and sell through that website (Requires more efforts – We will discuss this)
c) Or you may simply yourself become a marketplace and invite other sellers to sell through your website
Whichever option you choose has its pros and cons and requires due study and ground work in light to the products / services you intend to sell. Not to forget, like any startup the journey will have its hiccups and requires ability to even bear losses for some period of time (Most Biggies are in Losses still ! Mind You !)
Read more all the procedure here
As you can see all the requirement that E-commerce star-up in India have to accomplish before run. Now some of big giant player such as Flipkart, Amazon, Snapdeal and so on include new catalogue over time such as Jewellers in India Jump Online for $22 Billion
In India, where buying gold traditionally means a trip to the trusted family jeweller, a growing e-commerce market forecast at $22 billion in three years is starting to challenge all conventional wisdom.
GAYA, India — In India, where buying gold traditionally means a trip to the trusted family jeweller, a growing e-commerce market forecast at $22 billion in three years is starting to challenge all conventional wisdom.
Gitanjali Gems Ltd., India’s biggest diamond and gold jewellery retailer, expects online sales to account for much as 20 percent of its sales in two to three years from about 1 percent now. The growth potential convinced Ratan Tata, former chairman of the Tata Group, to invest in Bangalore-based online jewellery store BlueStone last year.
Jewellers are tying-up with Amazon.com Inc., Flipkart Online Services Pvt. and Ebay Inc. after the government last year eased import curbs on gold bars and coins. The total online retail market in India will be about $6 billion this year because of free delivery and heavy discounting, Gartner Inc. estimates. That may grow to $22 billion by 2018, CLSA Asia Pacific Markets predicts.
“Indian consumers prefer to touch and feel the jewellery before buying, but the change in consumer behaviour will happen quite fast,” Gitanjali’s Chairman Mehul Choksi said in a phone interview. ‘We have tied up with all the major online platforms and we are always looking for more tie-ups.’’
Gitanjali, which sells its diamond and gold jewellery through more than 4,000 points of sales spread across India, the U.S., the Middle East and Europe, uses a battery of Bollywood actors including Shah Rukh Khan and Katrina Kaif as brand ambassadors.
Offering Convenience
The Mumbai-based company, whose sales declined 24 percent to 124.36 billion rupees ($2 billion) in the year through March 2014 because of import restrictions, now retails through platforms including Amazon.com, Flipkart.com, EBay, and Jewelsouk, Choksi said.
Established retailers are looking at online stores already selling jewellery, besides promoting their own, according to Gaurav Singh Kushwaha, founder and chief executive officer of BlueStone, which sells everything from solitaires, rings, earrings, pendants, bangles and bracelets.
“Online retailing offers convenience from the comforts of an individual’s home and moreover allows other incentives like giving them time to decide, not make it obligatory for customers to purchase at their very first visit,” Kushwaha said. “Offline jewellers realize the potential and the need for being present online.”
The online jewellery market may be worth as much as $2.5 billion in the next five to 10 years, BlueStone estimates. Currently it accounts for less than 0.1 percent of the $55 billion jewelry market, it says.
At the end you understand more about e-commerce start up business and its pro and cons. If you find this article helpful for you please comment below and give more suggestion for newbie entrepreneurs
Image credit : chartered online
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