In this lesson, we will learn how to pursue an online
business. This lesson is for those who are thinking of starting their own
business or those who already have started one. But you have to read this
lesson very carefully only after that you will be able to understand it. Get
yourself a pen and a copy and note every information that seems to be important
otherwise you won’t be able to understand that. This lesson might get a bit
long because in this lesson we will try to cover all those topics regarding
online business to clear your doubts.
business. This lesson is for those who are thinking of starting their own
business or those who already have started one. But you have to read this
lesson very carefully only after that you will be able to understand it. Get
yourself a pen and a copy and note every information that seems to be important
otherwise you won’t be able to understand that. This lesson might get a bit
long because in this lesson we will try to cover all those topics regarding
online business to clear your doubts.
What product will you sell?
Do you want to pursue an online business? Then the first thing you need is the
“Product”. If you are a manufacturer then you might have a product otherwise if
you aren’t a manufacturer then you have to search for the product. If you want
to search the product, the things you should ponder are listed below.
“Product”. If you are a manufacturer then you might have a product otherwise if
you aren’t a manufacturer then you have to search for the product. If you want
to search the product, the things you should ponder are listed below.
1. The weight of the product must be less.
2. The volumetric weight of the product must be less too
meaning the size of the product must be small because our logistics cost
depends on both of these factors only.
meaning the size of the product must be small because our logistics cost
depends on both of these factors only.
3. The products must not get damaged easily. Friends it has
been seen many times that the product gets damaged while passing through the
logistics phase. So, try to sell that type of products that do not get damaged
easily.
been seen many times that the product gets damaged while passing through the
logistics phase. So, try to sell that type of products that do not get damaged
easily.
4. A good profit margin should be there on the product
because on the product companies take their commission, logistic fees are
deducted, collection charge is also deducted, we have to pay the tax and after
that, at last, we receive the final amount.
because on the product companies take their commission, logistic fees are
deducted, collection charge is also deducted, we have to pay the tax and after
that, at last, we receive the final amount.
The most important thing when you want to do online business
is to take care of choosing a good product, introducing a good product line
only after that think of selling that product.
is to take care of choosing a good product, introducing a good product line
only after that think of selling that product.
Where will be the business place?
After that comes Business place means from where to start a
business. It is very important that how good is our business place. If you have
your own space or your own shop or your own office then nothing is better than
that cause you don’t have to pay the rent and if you are thinking to start the
business that would be the best because it will save your expenses. But if you
are thinking to take a building on rent then you don’t need to look for an expensive
building. Rent should be a minimum that would be better for you because it
doesn’t require a prime location you can anywhere take a building for rent.
Just remember there should be enough space for your logistics partner to carry
their respective vehicle there.
business. It is very important that how good is our business place. If you have
your own space or your own shop or your own office then nothing is better than
that cause you don’t have to pay the rent and if you are thinking to start the
business that would be the best because it will save your expenses. But if you
are thinking to take a building on rent then you don’t need to look for an expensive
building. Rent should be a minimum that would be better for you because it
doesn’t require a prime location you can anywhere take a building for rent.
Just remember there should be enough space for your logistics partner to carry
their respective vehicle there.
The GST Process
Secondly, the business place you are going to choose, the
GST number should be easily available there. So, friends remember this thing
whenever you choose a business place. Friends we have covered two topics till
now product and business place. Friends when we will have a business place
after that we will register in GST. Friends requirements for registration in
GST are Aadhaar Card, PAN Card, if you have taken an office on rent then rent
agreement is required and also Electricity bill, bank statement of saving
account and 4-5 photographs.
GST number should be easily available there. So, friends remember this thing
whenever you choose a business place. Friends we have covered two topics till
now product and business place. Friends when we will have a business place
after that we will register in GST. Friends requirements for registration in
GST are Aadhaar Card, PAN Card, if you have taken an office on rent then rent
agreement is required and also Electricity bill, bank statement of saving
account and 4-5 photographs.
The Registration with Online
Companies
Companies
You require Aadhaar Card, PAN Card, rent agreement,
electricity bill plus two additional documents that will be Current Account and
Digital Signature. In Digital signature you just have to sign on a white paper
and then upload it wherever online companies require it. Friends if you want to
get registered with snapdeal then you have to register on the site
seller.snapdeal.com. If you want to get register with Paytm then register on
site seller.paytm.com and if want to get register with Amazon then register
on-site seller.amazon.in. and if you want to get register with Flipkart then
register on seller.flipkart.com. The documents which I made you aware of only
these documents they will ask you for and after that, they will register you
for their online business. Mates these companies will provide you the basic
training and then they will provide you a seller panel. Seller Panel is the
Panel from where you operate the business with these companies.
electricity bill plus two additional documents that will be Current Account and
Digital Signature. In Digital signature you just have to sign on a white paper
and then upload it wherever online companies require it. Friends if you want to
get registered with snapdeal then you have to register on the site
seller.snapdeal.com. If you want to get register with Paytm then register on
site seller.paytm.com and if want to get register with Amazon then register
on-site seller.amazon.in. and if you want to get register with Flipkart then
register on seller.flipkart.com. The documents which I made you aware of only
these documents they will ask you for and after that, they will register you
for their online business. Mates these companies will provide you the basic
training and then they will provide you a seller panel. Seller Panel is the
Panel from where you operate the business with these companies.
Now after getting registered we list our products in its
which we call as the Product listing. Friends whichever product you want to
sell you have to click its photographs with white background. Secondly,
remember the dimensions of the product should be clear, the pictures of the
product should be clear. Regarding this, we already have made a lesson on our
YouTube channel.
which we call as the Product listing. Friends whichever product you want to
sell you have to click its photographs with white background. Secondly,
remember the dimensions of the product should be clear, the pictures of the
product should be clear. Regarding this, we already have made a lesson on our
YouTube channel.
While listing the products we would have been provided two
options
options
1. Selling of Branded products.
2. Selling of Unbranded products.
Branded products are those which are of famous and recognized companies. For that you have to get an authorized letter of that brand then only you would be able to sell their product or if you want to sell your own product or want to sell any product of open market then also you have to provide the product a brand name. If you want a brand name for that you have to register for the trademark that we will cover later. When your products get listed within a few hours your products gets live by the listing team. When your products get live you start receiving orders. When you start receiving orders then try to process your order within a day or at the same day because the faster products get delivered to the customer the minimum will be the chances of cancellation or returning of the product. Before shipping the product check whether it is working properly or not. Package the product well before shipping it to reduce the chances of damage.
Payments
Every company has their commission rate which they will
deduct and plus logistics charge, tax, collection fees, closing fees and then
you will be provided the money. So, whenever you sell the product you should
look after these criteria’s. These online companies provide you the payment
within 5-7 days of delivery of the product. Payment is being done through NEFT
or through the provided current account.
deduct and plus logistics charge, tax, collection fees, closing fees and then
you will be provided the money. So, whenever you sell the product you should
look after these criteria’s. These online companies provide you the payment
within 5-7 days of delivery of the product. Payment is being done through NEFT
or through the provided current account.
Returns
In online marketing returning of products is a major issue.
In such cases, mention on POD that how the box is getting delivered to you. If
your logistics partner doesn’t provide you POD then make a lesson while opening
the box. If in case the returned product is damaged or the box is empty or any
other issue then you can approach for the claim. At that time just remember to
click the photographs of the damaged product.
In such cases, mention on POD that how the box is getting delivered to you. If
your logistics partner doesn’t provide you POD then make a lesson while opening
the box. If in case the returned product is damaged or the box is empty or any
other issue then you can approach for the claim. At that time just remember to
click the photographs of the damaged product.
