E-commerce today is growing at a very fast pace owing to increasing usage of the internet and affordability of smart phones. Indian youth between the age group of 21-29 years shop online more frequently in comparison to other age groups as they find it convenient.
Today, those sellers who lack online presence should consider selling online as they might lose out in the long run, as over the next five years the e-commerce market in India is expected to grow manifolds.
An online presence adds a lot value to your overall business as apart from selling opportunities you can carve out your brand image too. Selling online helps you break geographical barriers as you can cover a wider area and there is no hassle of investing in a heavy infrastructure. All you need is a computer, internet connectivity and a warehouse.
Bering an expert of this game, Kreatekonnect would like to share 7 points that can take your business online. So stop waiting and action upon if you want to make more money.
1. Do a thorough market research
Just like with most businesses, begin with a thorough research on the product which you want to sell online. You need to know the demand along with the kind of quality and pricing that the competitors are following. Also you need to check on to the inventory, whether it will be able to meet the demand.
2. Chalk out the Marketplaces
You need to shortlist your marketplaces where you can sell your products along with the fulfilment of the policies and document necessary.
3. Complete the registration process
You need to register yourself on the identified marketplaces and share the necessary document required along with understanding the processes and payment cycles.
4. Listing of the products
Next step is listing of the products on the marketplace. Ensure that you are uploading the image shot basis the rule of every individual marketplace. Be as clear while providing product description for your products, as image and product description is what will draw the customers to buy.
5. Shipping the product
Once a customer orders your product, confirm the order and pack your product. Also carefully pack so that the product is safe and does not get damaged. Being proactive at this stage will lead to customer satisfaction and a good rating and review.
6. Receiving the payment
The payment is transferred to the account basis the payment cycle of the every marketplace, which is typically once the customer gets the product.
7. Time to expand your business
To start, you can experiment with a small quantity of about 50 products or so. Once you get comfortable with the online sales you can gradually increase. At the same time analyse the selling pattern to introduce new product variants.
With the above steps you can get started and to know more we at Kreate Konnect are always happy to help you. To know more visit our website http://www.kreatekonnect.com/