Online business organizations are booming in India due to the increasing penetration of the internet and mobile phones in India.
While starting an eCommerce business in India with the very little capital requirement is generally simple, setting it up is an optimal decision for many young business visionaries.
In this article, we take a look at how to start an eCommerce business in India.
What is E Commerce Framework?
E-Commerce framework refers to the type of software you are using to make your eCommerce store. For illustration, eCommerce software Magento uses an open-source frame, while BigCommerce is SaaS. Both also enable a headless frame.
and now let’s understand
10 Easy Steps to Start Your E Commerce Framework Business
1. Key Strengths of marketplace
Whichever marketplace you are going to select if you make the product and want the product to reach the customer.
Which marketplace is the popular platform from which you will sell?
Like,
- Amazon
- How much is the reach of that marketplace through which you will sell your goods?
- How far is that marketplace spread, Amazon is spread very far, its reach is very much and good.
- Flipkart
- Shopping on Flipkart is very easy
- eBay
- eBay is very old and its transaction is very slow. You can easily sell your product inside eBay and there is a customer base work on eBay.
Which platform is best suited for the goods you are selling? Because go everywhere and try no matter how much and the result is not produced that much, it does not get the benefit.
Each type of product has its own recommended market. Example,
Hospitality
Handicraft
- Craftsvilla
- Its handmade
- Saffronart
- Afday (art for Everyday)
- The India Craft House
Food
- Zomato
- Swiggy
- Foodpanda
- Innerchef
- Foodcloud
Transportation
- RedBus
- Yatra
- Make my trip
- EaseMyTrip.com
- Ltdc (Creating Destinations)
Property
- 99acres
- Magicbricks.com
- RentMantra
- Gumtree
- Flatmates
Apparels
- Jabong.com
- Myntra
- Shopclues.com
- Koovs.com
- LIME
Electronics
- Amazon
- Indiamart
- Naaptol
- HomeShop 18
- Croma
2. Look for the Level and the Quality of your Competitor
You should know about your competitor:
- Strength
- Quality
- Level
Behavior of Competitor
- Pricing
- Product Range
- Policies
- Shipment
- Discount
You watch carefully to map out the competition because whatever you do in the market, lest you work hard and your competitor clears you out, do it side by side. You have to act such that your position and your strategy will best know you in a competitive market as you go.
3. Presentation and catalog catches the EyeBall Attention
- Customisable Product Option
- Because your customer can’t touch the product, can’t touch, can’t even hold, and can’t ask questions, so your presentation is good isn’t it. So it will generate attention in the eyes of the customer.
- If there is an attention then it will go into the details.
- So keep your catalog excellent and user friendly, please provide your photos, visuals as well as pricing and information so that customers can engage with you.
- And if the customer is your product, then understand that he will take the goods from there.
- You can give Information to your customer in different ways
- In this, you give your name, brand, your type, your color, material, size and many more information that you can give.
4. Merchant Support Services
Understand you Merchant
The marketplace where you are selling your goods, is it giving you merchant support Help or not, whether you need merchant support Like,
- Interact
- Discount
- Policies
- Product Display
- Help in Display
- Market Response
Will your marketplace interact properly with you, properly display discounts, Questions Reply support, policies, and products?
Whether your marketplace platform like Amazon, Flipkart, Myntra is doing these responses properly or not. Or is it ignoring you?
So before joining your marketplace, know whether it is best for you or not.
5. Margins, Fee Charge, and ROI
- Margins
- Cost to make
- Sale price
- Fee Charge Type
- Return
- Cancellation Policies
- Product Unavailable
- ROI
- Visibility (Branding)
- Sales (Cash)
6. Shipping Charges and Mechanism
Every portal has its own policies, its own style but
You have to see that,
- Would you like to do the shipping yourself?
- Shipping on yourself
- Your marketplace will do the shipping on your own shelf?
- But it will charge you some percent
Or you want your shipping logistics companies to do this, you have to think about what you are confident in.
7. System Access and Control
- Network Selection
- Whether your marketplace system is giving access control or not
- Market Response
- Maximum & Minimum Number of listening Control
- Restriction On Selling in Specific Region
- Access Provided To Customer Data
For Example, Amazon does not provide the email address of its buyer customer
8. Payment Mechanism
Because if the money did not come on time, your working capital was lost and the goods were also sold, it took more time and you will not have money to buy the next item.
Example,
Withholding of the payments
To return the money to the own seller
- Amazon : 14 to 90 days
- Shopclues : 30 to 90 days
- Flipkart : 45 to 120 days
9. Return and Refunds Policies
Sometimes your margin is very less and in return, your business and your business get spoiled in return for refunds.
Because sometimes get fake orders, someone ordered to have fun or it is your competition who wants to harass you.
- Fake Order
- Defective Product
- Goods Return, [Change or Exchange]
- Reverse Logistics will lead to increase In Cost
- Market Place Charge
Reverse Charge and Bearing of the sales return Example,
10. Dispute Resolution Process
- Dispute Arise
- Legal Documents
- Paper Works
- e Commerce Framework
You can start an e-commerce business by following these 10 steps.
FAQ [Frequently Asked Question about eCommerce]
How do I start an eCommerce business step by step?
10 Easy Steps to Start Your E-Commerce Framework Business, let’s know
Key Strengths of marketplace
Whichever marketplace you are going to select if you make the product and want the product to reach the customer.
The marketplace is the popular platform from which you will sell?
What is E-Commerce Framework?
E-Commerce framework refers to the type of software you are using to make your eCommerce store. For illustration, eCommerce software Magento uses an open-source frame, while BigCommerce is SaaS. Both also enable a headless frame.
and now let’s understand
Is an eCommerce business good to start?
yes! Because there is a lot of Scope of eCommerce
business in the future,
Business Ideas With Low Investment
[Top] 10 Ways Investment Business Ideas with low investment | Business ideas through its
More Related Terms
- Future Scope of eCommerce | functions of e commerce
- Scope of ebusiness | Features of e business
- Most Important Features of eCommerce
- [Best] 10 Ways Improves the flow of business ideas With Low Investment
Summary & Conclusion
You can start an eCommerce business by following these steps also. and You Can earn money with low investment
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