E-commerce businesses are the fastest-growing Businesses in India to start an e-commerce business is relatively easy in India with the very little capital requirement, making it an ideal choice for millions of young entrepreneurs. E-commerce business is started by creating your own website or becoming a seller on an established e-commerce platform.
An e-commerce business started by a seller through an established e-commerce platform is the most perfect choice. Established e-commerce platforms like Flipkart, Snap deal, and Amazon for goods and in case of service provider registered your service on urban clap, Just dial, Fiver, etc
There are different kinds of business models depending on the business function and part/segment of the market you need to establish an e-commerce Business:
- B2B (Business to Business)
- B2C (Business to Customers)
- C2C (consumer to consumer)
FETURES OF ECOMMERCE BUISNESS
- Large Customer reach
- Universal Standard
- Social technology
- Information density
- Location
- Mobile Compatibility
- Security
ADVANTAGES OF E-COMMERCE PLATFORM REGISTRATION
- Save time
- Several payments mode
- Easy & convenient
- Secure online payment processing
- Cost reduction.
- Affordable advertising and marketing.
- Low Price
- Paperless Work
LIMITATIONS OF E-COMMERCE PLATFORM REGISTRATION
- Professional Advice
- A high fee of Professional
- Lack of privacy
- Legal issue
- Tax issues
HOW TO START AN E-COMMERCE BUSINESS (STEP-BY-STEP)
- Research Ecommerce Business Models
- Start Ecommerce Niche Research
- Validate Target Market and Product Ideas
- Register Your Ecommerce Business & Brand Name
- Finalize Your Ecommerce Business Plan
- Create Your Online Store
- Attract Customers To Your Ecommerce Website
PROCESS FOR E-COMMERCE PLATFORM REGISTRATION
- Sell your own products on your Own Portal: In this case, entrepreneurs want to sell their own products through their website or online portal. They want to work as manufacturer or trading so its need first of all GST Registration. GST is the type of tax registration which is depending state to state it’s an indirect tax.
- Selling as Marketplace Mode: In this case, entrepreneurs working as a marketplace model. So they want to register sellers on their own portal and provide payment gateways and logistics services to sellers. Examples are Flipkart /Amazon/ Snapdeal/ Myntra/ e-Bay/ H&M/ Grofers/ Groupon/ Star Bucks/ Trivago/ Uber/ Wal mart/ Wish/ Shopify/ Wanelo/ Lenskart etc. so its need first of all Service Tax Registration. It’s also a type of tax registration that is needed by startups.
OPTIONS FOR ONLINE E-COMMERCE BUSINESS REGISTRATION
- Proprietorship Registration
- Partnership Registration
- Private Limited Company
- One Person Company
- Limited Liability Partnership
DOCUMENTS REQUIRED TO BECOME A E-COMMERCE AGGREGATOR
- Basic KYC like Pan and Aadhaar
- Valid Email Address and Mobile Number
- Products Images and Description
- Packaging Material
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