Hey Readers, this blog is very important because it is about the E-Commerce business.
The E-Commerce business is growing rapidly and until next year in India. It will have more growth than today.
So are you ready to bring your business online? Whatever business it is about, are you prepared to bring it online on e-commerce?
It’s not then here. I have 10 easy steps to start an eCommerce business, especially for you.
Vital Strength of Market Place.
If you are starting a business online, then you should search for the marketplace relevant for you where your product can be easily transferred to your customers.
There are many sectors, among which you can choose a relevant industry where you can sell your product or service.
- • For hospitality, the marketplace is Oyo, MakeMyTrip, Goibibo, TripAdvisor, Yatra.
- • For Food, the market place are Swiggy, Zomato, Foodpanda, Innerchef, Foodcloud.
- • For Transportation, marketplaces are MakeMyTrip, redBus, Yatra, IDTC travel, Trivago.
- • For Properties, we have 99acres, housing, magic bricks, rent mantra, gumtree
- • For Handicrafts, we have Craftsvilla, Saffronarts, The India Craft House, Afday.
- • And For electronic, we can go for Amazon, IndiaMART, Naaptol, HomeShop18, Croma.
So, the thing is you should note down that on which never marketplace you think to sell your product; you should know that what is the range of that particular marketplace. how is the transaction facility, is it easy to use or not, what is the customer base of that marketplace, and of course the service
So you should be clear with which marketplace is suitable for your product or service.
See the level and quality of your competitor
What is the strength of your competitor, the level of your competitors? Keep an eye on your competition. What is the price they are giving on the same product you are going to sell, the discount rate, shipment policy, product range, etc.?
To observe your competition is just because to avoid the situation where you start selling, but your competition takes away your business, and you still be on the same level without any growth. You need to see where you get less competition and more sales.
Presentation and catalog
In an e-commerce business presentation and your catalog is a key to profit. Because your customer cannot touch or experience the product, they can only imagine it virtually by seeing your presentation and catalog.
So make sure that you make your catalog and presentation more and more attractive. With a suitable color theme and the best pictures of your product, including more information about your product as much as you can.
So that your customer can get attracted to your product and be sure to purchase your product rather than any other option.
Merchant Support Service
When you are searching for a perfect market place where you should do business research for whether the marketplace is supportive to you or not. Foreign examples whether they understand your product or not. Because you can find many merchants, some can be experienced. Some can be new; some can be niched base.
Sweet is more important that wherever you want to showcase your product and service is the service and support of that particular platform is relevant to you or not.
How is the platform dealing with the customers who are willing to purchase your product, whether they are responding to the queries on time or not, whether the deals the price list is convenient or not? Show research for everything in detail before going ahead.
Margin, Fees, and ROI
The other important thing is to know that what margin is is the platform is giving to you on your product. Suppose if you are selling a product in twenty dollars, then the amount you are getting from it is your margin.
So how much margin you are getting on your product what is the fees they are charging if the product is canceled or if it is returned.
Is that margin is that fees are convenient for you or not? To see all these perspectives before choosing your marketplace for your business.
See whether the market platform you are choosing provides shipping policy or not and if yes, then what are their charges.
If in case you want to self shipping of your products, then even you can do that if the places nearby and if depending on the marketplace, then check out that what their charges are on it and it is convenient to you or not.
System access and control
System Access and control is another essential part when you need to focus before choosing the correct marketplace for you. Many platforms don’t allow you to sell all the products you have.
In short, they restrict many of your products and permit only a few of them. Also, they restrict some of the regions where you cannot sell your products.
Even many platforms don’t share customer data. So in such a case, choose thoroughly which platform is better for you and your business. What are the policies, how are the working procedure of them and other things?
At last, money is essential.
It is essential to check the payment duration of the marketplace. Because at last, you are doing business, so you need the flow of money. And if you don’t get the payment on time or the time duration is longer, then it can be a problem.
So, ever look at the marketplace you choose to have a particular time duration of payment and is it convenient for you or not.
Return and refund policy
The next thing that we are going to discuss is about return and refund policy. Many times it happens that people order product just for fun; otherwise, it can be competitive who orders your product and then cancel it.
Other than this, very often, the products can be defective, which is received by the customers, or sometimes, the customers change the mind and order another product despite the one they have ordered. In all such cases, your product gets a return from the customers. They think you are too to measure how your marketplace is dealing with this.
Whether they are charging for any returned product, and if yes, that is that particular amount. And how are they concerning? Are they helping you out with the returned product, or are you the only one to take care of it. This is also important to check before searching for a marketplace for your business.
Having a business or relationship with a person can lead to disputes many times. So you have to be prepared for it before only with the paper works, and everything is done.
All these steps concluded that you should be very aware when searching for a perfect marketplace for your business. Note each and every point down, and when you search for the platform, go thoroughly with all the processes and policies they provide.
You don’t face any problem in the future, and if you do, then you have the solution.
Alright, these were 10 easy steps to start an eCommerce market. Let me know in the comment session whether they were helpful for you or not.
Thank you so much for reading so far.