E-Commerce Business Plan | How to start an e-commerce business and earn money online.
E-Commerce Business Plan in Hindi. How to start an e-commerce business.
E-commerce Business is a business related to online and the internet, as it is known to all of us that at present even in India, smartphones and the internet have reached the general public. This is the reason that due to the availability of smartphones and 3G, and 4G packs being very cheap, the reach of the Internet is increasing at a very fast pace. That's why a lot of marketplaces are successfully monetizing in India as well. And due to the wide reach of the internet, the possibilities of doing E-commerce business are also increasing here.
Since India is a huge country in terms of population, there are immense possibilities for any type of business here. Although at present only middle-class people are inclined towards online shopping in India, due to cheap internet packs and assurance of free delivery by various marketplaces, the attention of every type of population is moving towards online shopping.
This is the reason that the prevalent e-commerce companies in India are setting new records of revenue ie earnings with the passage of time. That's why today we are trying to give complete information related to starting an E-commerce Business in this article of ours. But before that, let us briefly know what this type of business is the subject matter of the article
What is an E-commerce business (What is an E-commerce business in Hindi):
E-commerce ie electronic commerce is a term associated with any business or commercial activity through the Internet that involves the transfer of information. That is, such a business and commercial activity on the Internet in which information ie information is spread or transferred on the Internet is called e-commerce.
E-commerce includes a variety of businesses such as consumer-based retail sites, auction or music sites, sites for the exchange of goods and services between corporations, etc.
At present, if we talk about all the aspects of the Internet, then this is one of the most emerging aspects. E-commerce allows consumers to exchange goods and services by transcending the boundaries of time and distance. In simple words, if we try to understand an E-commerce business, then we will find that the business of selling goods and services through the Internet is called an E-commerce business.
Why start an E-commerce business in India? (Why you should start an E-commerce Business?):
Doing an E-commerce business in India can be beneficial in terms of earnings because affinity towards online commerce and high economic development here has opened new corridors for business opportunities. We are talking about millions of people who are actively searching for products in this digital world so that they can buy them from the comfort of their homes.
There are crores of people in India who keep an eye on India's famous online marketplaces like Amazon, Flipkart, Snapdeal, etc. every day so that they can get some good offers to shop. And they can buy an attractive product at a very low price. E-commerce has influenced a lot in India and has also proved how a brand can become a favorite of people. This is the reason why this change has completely shaken up the retail industry.
This digital penetration has given birth to a new world where information is easily available to anyone from anywhere. Since at present the whole world is connected with digital activities. So it can be said that if such merchants who do not have an online presence, they lose a lot of customers. Therefore starting an E-commerce business in India can be a beneficial initiative.
How to start an E-commerce business (How to Start an E-commerce Business in India?):
There are various activities an aspiring entrepreneur may have to do in order to start his own e-commerce business in India. We are giving its step-by-step description below so that any aspiring entrepreneur does not have any inconvenience in understanding this process.
1. Decide whether to create your own marketplace or existing marketplace:
To start his own e-commerce business in India, the first aspiring entrepreneur has to decide whether he wants to set up his own marketplace or join any already available marketplace and do this type of business. It is meant to say that there are two ways to do this type of business in India. First, the entrepreneur can start this type of business by setting up his own e-commerce website.
And secondly, he can also do this type of business by selling the product through an already existing well-known marketplace like Amazon, Flipkart, Snapdeal, etc. Therefore, the first step of the entrepreneur should be to decide whether he wants to do this business by creating his own e-commerce website or by joining an already existing marketplace.
The advantage of associating with an already existing marketplace will be that the entrepreneur will get the service of logistics etc., packing material, etc. from the same marketplace with which he is working. But keep in mind that currently, GSTIN is mandatory to do this type of business with any marketplace. And if the entrepreneur opens his own online store e-commerce
ce wants to do business, so now we are taking this conversation forward.
2. Register your own E-Commerce Company:
Entrepreneurs who want to start this type of business by setting up their own online store may need to register their business as per the rules. If the entrepreneur wants, he can register his business as Sole Proprietorship, Partnership, or Private Limited Company. To legalize his business, the entrepreneur may also require GST registration as per applicable tax rules.
Although there is no mention of any kind of statutory rules for selling products online, after registering the business properly as per the rules, other business-related work of the entrepreneur like applying for a PAN card, opening a current account in the name of the business Applying for, getting GST registration everything becomes easy. That's why it is very important for an entrepreneur who wants to start his own e-commerce business, to give legal form to his business properly according to the rules.
3. Book Domain Name for Online Store:
Now since the entrepreneur who started his own E-commerce business has given legal form to his business. And having done the process like a bank account, GST registration, etc. in the name of the business, now the next step should be to book a domain name similar to the business for your online store.
It is meant to say that every business that is planning to set up an enterprise in this virtual world, that is, moving towards making its name in the digital world, essentially needs a domain name. Since the domain name selected by the entrepreneur can be the online identity of his business, that is, his customers can know him by the same name, so many things need to be considered while booking it. Whose brief description is as follows.
- Select the domain name only after considering the relevance of your business.
If you want, you can book a domain name before registering your business. Because if you have got the business registration done earlier, then you may not get the domain name associated with your business. So first book the domain name and then business registration.
- Choose a domain name that is easy to remember.
- Keep in mind that you should not use any special characters in the domain name because people have trouble remembering them.
- If you are doing business by targeting only one country, then select the domain based on the location. For example, the popular extension in India is .in which indicates that this domain is related to India.
4. Make an E-Commerce Website:
After selecting the domain name for his online store, the e-commerce business entrepreneur has to set up the e-commerce website. For this, the entrepreneur can either take the help of a web developer or contact any company that provides pre-built online stores. If the entrepreneur wants to set up his own custom store, he can do this work by contacting a web developer or agency.
But if the entrepreneur is willing to take more facilities related to business in a low budget in the initial phase, then he can contact any company that provides pre-built online stores. The advantage of this is that the entrepreneur gets various themes and templates related to this business under one package, which he can use to increase his sales.
5. Register Vendors :
Now that the entrepreneur starting his own e-commerce business has set up an online store, will you sell to people until a seller joins you? Therefore, the next step of the entrepreneur should be to meet the nearby vendors and urge them to join them by telling them the benefits of joining them.
Although the entrepreneur himself can buy and sell various goods online, doing so is not appropriate in the initial stages from the point of view of profit. Because in this stage the entire focus of the entrepreneur should be on promoting his online store and connecting more and more sellers with him. Because the more sellers are associated with the entrepreneur's online store, the more variety of products the customers will get.
6. Payment Gateway (Get Payment Gateway for your E-commerce business):
If the entrepreneur starting his own E-commerce business has added various vendors with him, then now he will also need a payment gateway. That is to say, a person setting up his own online store needs a payment gateway to process customer payments through credit cards, debit cards, net banking, etc.
That is because a payment gateway allows customers to make payments through the website using credit cards, debit cards, net banking, etc. Hence a payment gateway is required to accept multiple forms of online payments.
7. Manage Logistics:
As we all know that when the goods are bought by the customer online, then it is the responsibility of the online store from where he has bought the goods, to deliver the goods safely to his given address. That's why in now e-commerce business Now the next step of the starting entrepreneur is to contact a logistics company, keep in mind that the entrepreneur should contract with a company that is ready to provide services at cheap prices.
Because there are many people even after they like the product, they do not buy the product from a particular online store because of the high delivery charges. That's why it is very important to have low delivery charges to create and increase the reach of the people. And it would not be unfair to say that any online shopping portal is incomplete without a shipping solution.
That is because people do online shopping so that they do not have to bear the brunt of the local market and they can get their goods easily at their home. So choose a company that is ready to take maximum responsibility at a reasonable price.
7. Reach Consumers on the Internet:
Now if the entrepreneur has completed all the procedures to start his own e-commerce business, then he should try tirelessly to reach out to the consumers. For this, the entrepreneur can also take the help of affiliate marketing. Because in this, people will promote your store under the influence of earning themselves, so that they will be able to earn themselves and you too. Apart from this, the entrepreneur can also promote both his store and product by running his own ad campaign on Google Adwords, Facebook, and other social websites.
Keep in mind that the entrepreneur will earn only when a consumer buys any item from his online store, so you can also find new ways to reach consumers to make your e-commerce business successful. One of these ways is to ask a famous blogger to write a sponsored post, this will give your store an identity in the digital world.
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