How to start ecommerce business in india? – Starting an online business gives you the benefit of having access to millions of customers, but you also have a lot more competition. No matter what you’re trying to sell, you can bet that hundreds more online retailers have a similar idea.
According to a recent estimate, India’s e-commerce business is set to grow at 65% per annum. eCommerce in India is booming. According to a study conducted by Google India, there were 35 million online shoppers in India in 2014 Q1 and is expected to cross 100 million mark by end of year 2016. Broadband internet and explosive growth of mobile phones are fueling this growth further.
Companies like Flipkart have already crossed billion dollar valuation. If you have a product to sell, this is perhaps the best time to start selling it online. Here is an ultimate guide to teach you how to sell online in India.
start ecommerce business in india – Online marketing has very good scope as of now in India. Today, the market place is flooded with several e-commerce options for shoppers. A variety of innovative products and services are being offered to customers for choice. In the last couple of years, the growth of e-commerce industry in India has been increased.
There is enough scope for online businesses in the future if they understand the Indian shopper’s psyche and cater to their needs.
Profit Margin= Selling price – (Sourcing Cost + Packing & Shipping + Transaction Fees + Marketing Cost + Variable Costs)
Things to take care before setting up business:
1. Market research & Testing:
Most of the e commerce websites in India fail because they try to cater to a bigger market than they can handle and thus their customer service suffers. So start with small and dedication which leads to top place. Continue reading