5 easy steps to start your own E- commerce business!

There was a time when there were only physical retail stores in existence, which made life convenient and easy. Nowadays, one can simply buy and sell anything with the click of a button within the comfort of their homes.

The best part being: It’s available 24/7! Today, given the current market scenario it’s almost impossible to imagine life without e-commerce.

This guide will show you how to set up your own e-commerce business and its benefits.

What Is E-commerce?

A business model where you can buy and sell goods and services online with no time restriction and no product boundaries is known as E-commerce. No time restriction and no boundaries mean that E-commerce can be used anywhere in the world and at any given point in time.

As E-commerce gives the ability to sell products and services online, it benefits everyone from independent freelancers and small enterprises to the largest companies.

B2C (Business to Consumer) is the most popular E-commerce model; other examples include B2B (Business to business) and C2B (Consumer to business).

What Are The Benefits Of E-commerce?

1. Lesser Costs:

– Going online eliminates the need for a physical storefront, lowering the company’s fixed costs.

– Furthermore, since most e-commerce is automated, fewer employees are needed for your business.

– These cost savings lead to lower prices and increased profits for your company.

2. Unlimited Availability:

– Your business will be open 24 hours a day, seven days a week, and 365 days a year.

– E-commerce websites can be up and running at any time. As a result, the number of orders received by the retailer increases.

– A store that is “always open” is more convenient from the customer’s perspective.

3. Overcome Geographical Challenges:

– If you have a physical shop, the geographic area where you could sell your products/services is limited. The world is your playground when you have an e-commerce website.

4. Global Acceptance:

– Due to the global adoption of E-commerce, you can simply expand your business and sell your goods and services to other foreign markets. When the market is expanded, an extra source of revenue is generated for your business.

How To Start Your E-commerce Business?

1. Selecting your business name

Once you have a business idea in mind, the next move is to select a name for your e-commerce business. You’ll want a name that is both unique and clearly identifies what your company is or does.

2. Register your business

The most important part of starting your eCommerce business in India is registering your business. You need to make a note of the following steps:

– Make sure you have your Permanent Account Number (PAN) and Digital Signature Certificate (DSC) before applying for the Director’s Identification Number (DIN).

– After you’ve received your DIN, you should apply to the Registrar of Companies (ROC) to see if the name you’ve selected for your business is available.

– You may incorporate the proposed company after receiving confirmation of the name.

– Apply for GST registration, Shop and Establishment License and a Professional Tax License (PT).

– Finally, apply to open a Provident Fund (PF) and then apply for Certification of Company Incorporation, where the business will be legally registered under the Companies Act, 2013.

After you’ve finished the paperwork needed to register your business, you can legally start your e-commerce company.

3. Build your website using an e-commerce platform

   The next step is to create your company website.

   This website, like a physical shop, will be the face of your company — it’ll be the first thing your customers see and what they’ll use to find and buy your products or services.

   You may choose to build your own website or use an existing e-commerce platform such as WordPress or Wix.

4. Logistics

   Now that you’ve selected your e-commerce platform and launched your website, you may face logistical challenges.

   Logistics involves the process of delivering the product from your warehouse to the customer’s address. You will need to hire distributor companies to help you manage the storage and transportation of your products.

5. Promote your e-commerce business

   You’re ready to start serving customers now that you’ve prepared your goods or services and listed them on your online store.

   Next, you’ll need to market your e-commerce business effectively in order to grab the attention of potential online customers. Social media apps like Instagram and Facebook can be used as an effective marketing tool.

Conclusion

Whether or not you already have an existing store/business starting an e-commerce company is easy. It involves low-risk and low-cost. Your business must evolve and adapt to new market trends and customer needs in order to boost its success and popularity. There’s plenty of opportunities for income growth and high returns over the long term for e-commerce businesses.

How Can We Help You?

You give your complete attention to your business and we shall take care of the regulations and compliance procedures. At Startupgowhere, we provide the following services:

1. Incorporation of your E-commerce business.
2. Registration of Digital Signature Certificate (DSC) and Director’s Identification Number (DIN).
3. GST Registration.
4. Application of Professional Tax License (PT).
5. Registration for Provident Fund (PF).
6. Book-Keeping and Accountancy.
7. Trademark