Registering a Company is quick, easy, and can be done online with Vakilsearch in 3 simple steps:
We help you register your directors with the Ministry of Corporate Affairs (MCA).
We help you pick the right company name.
We draft and file the documents required for your company registration (MoA and AoA).
Unlike other businesses, which need a lot of capital and time to build, starting a business in the e-commerce industry in India is simple. You do not need a building or much ground staff to start operations, as they happen over the internet. Since you don’t need a store, you save a lot of time and money, making it easier for you to get to market. Therefore, establishing such a business is much faster than a traditional business.
Just like we mentioned, setting up an e-commerce business in India isn’t as capital intensive as other industries. You do not need a store, just a warehouse, and this brings down costs tremendously. You also do not need a lot of staff, as you do not need salesmen. This also helps in bringing down the overall cost of establishment.
Most people buy things online now, and this makes it easier for you to attract a crowd and sell your products. Due to rising internet penetration and rise in popularity of smartphones, more people have access to online shopping websites. Therefore, it will be easier to market and sell your products online now.
When people buy things online, you don’t just get revenue, you also get valuable data about them. You get information including their contact details, age, birthday, email address and even their shopping preferences. Such a goldmine of data can help predict user behaviour and understand what your users want to buy, making it easier to understand the market and grow by leveraging that information.
Online marketing is a growing field which allows you to reach out to more people than ever before. By employing the right marketing strategy, an e-commerce business can reach fresh customers every single day.
It is easier to come up with a marketing strategy for an ecommerce business as it happens completely online. Therefore, the marketing approach is made simple and accessible, enabling all types of stores to co-exist and grow sustainably.
If you have very niche products, it isn’t always economical to set up a brick-and-mortar store. However, thanks to the advent of ecommerce websites, you now have the option to serve such niche markets.
Ecommerce stores allow customers to buy what they want, when they want it from the comfort of their homes. Therefore, there is a higher chance they will exercise their purchasing power as it is convenient for them.
Here are 8 e-commerce business ideas that will help you create an efficient and profitable eCommerce business plan;
Creating an online store has become easier with each passing year. Nowadays, you can do it with a few clicks. All that is required is an online website builder, a domain, and a host to support your website. With online tools like Wix, Squarespace, and Wordpress, it has become easy to create an online store. You don’t require coding or design experience, as you can set up your website using the tools and options available with the online website builder. They are not that expensive and you can have your online store up and running in a matter of minutes. As discussed above, there are plenty of eCommerce business ideas ( health products, smart wear, education courses, etc) that can help you create your online store.
Choose a good name for your ecommerce business to start with. You should opt for a name that is simple, yet different and memorable so that it creates an impact in the minds of the users. Remember that your business name is a big part of your brand, therefore, you need to start strong by choosing the right name.
Since you will need a website to manage your operations and conduct financial transactions, you will have to make sure it is robust and safe. Also, while choosing a domain name, try to get one that matches your company name, or atleast sounds similar to it.
When it comes to online retail, having the right website design is crucial. You need to provide your customers with the right user experience and for that you need to have a very intuitive website. It needs to be visually pleasing, efficient, robust and also highly functional and practical, all at the same time.
You also have to decide what structure your organisation should have, and incorporate it accordingly. Mostly, ecommerce businesses in India register themselves as either Partnership Firms or Pvt Ltd Companies.
This involves ensuring that all your legal requirements are met. When you start a new business, you will have to draft the required documents(MoA and AoA), incorporate yourself, get TAX registration and also obtain a PAN and other documents.
Your business will only be as successful as your products. Therefore, get in touch with multiple vendors and choose the ones that provide you with high quality products at affordable prices.
You need to make sure you have a good marketing strategy in place so that you keep attracting new customers daily. Invest in email marketing, social media marketing and coupons to get people to flock to your website.
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By handling all the paperwork, we ensure a seamless interactive process with the government. We provide clarity on the incorporation process to set realistic expectations.
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