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How To Start an Ecommerce Business In India: 2024 Best Guide

Discover the definitive guide on how to start an ecommerce business in India by 2024. Learn how to traverse the dynamic internet market and achieve business excellence by following step-by-step plans, legal requirements, market insights, and best practices.

Table of Contents

What is an ecommerce business.

The buying and selling of goods and services over the Internet is referred to as an e-commerce business. Transactions are handled electronically in an e-commerce business, allowing customers to explore products, place orders, make payments, and receive things all through online platforms. This sort of business eliminates the need for physical storefronts and allows businesses to reach a worldwide customer base without being limited by geographical boundaries.

Ecommerce businesses can be B2B or B2C, which means they can sell to other businesses or directly to consumers. Ecommerce businesses can sell a wide range of things, including clothing, gadgets, furniture, food, and more. They can also sell services like vacation reservations, event tickets, and online courses.

How does Ecommerce Work?

Before you start learning how to start an ecommerce business in India, you need to understand how the ecommerce model works. Here is how it works:

• The buyer browses an online store and selects the items they wish to purchase.
• The buyer adds the items to their shopping cart and goes to the checkout.
• The buyer provides their contact information as well as their shipping address.
• The buyer selects a method of payment and completes the transaction.
• The products are delivered to the buyer by the seller.

Inventory management, order processing, and customer data are managed behind the scenes by integrated software systems, allowing businesses to efficiently fulfil orders and give customer service, resulting in a seamless online shopping experience.

Benefits of Starting an Ecommerce Business in India

Here are some of the main benefits of starting an ecommerce business in India:

• Expansive Market: Gain access to a fast-growing market with a huge and diversified population of 1.3B, offering enormous sales possibilities.
• Low Expense: Reduced the need for large physical infrastructure, resulting in cost reductions in terms of rent, utilities, and manpower.
• Increased Reach: Overcome geographical limitations to reach clients across the country, hence extending the customer base.
• Data-Driven Insights: Collect and analyse customer data to make more educated business decisions, personalised marketing, and better product offerings.
• Adoption of Digital Payments: Leverage India’s evolving digital payment ecosystem to improve transactional convenience for customers and enterprises alike.
• Government efforts: Take advantage of government efforts such as “Digital India,” which promotes digital literacy and online transactions.
• Scalability: E-commerce offers a scalable framework for accommodating business expansion and rising demand.
• 24/7 Accessibility: Your business is open 24 hours a day, seven days a week, allowing clients to shop whenever they choose.
• Innovative Marketing: Use digital marketing methods to target specific demographics and effectively engage customers.
• Reduced obstacles: When compared to traditional retail, there are fewer entry obstacles, allowing entrepreneurs to enter the industry with relative ease.

Types of Online Ecommerce Business in India

In India, there are many kinds of online ecommerce businesses. You need to know about all of them before you dive on how to start an ecommerce business in India. Here are a few of the most common:

Business to Business (B2B)

This form of ecommerce business sells items or services to other businesses. A B2B ecommerce business would be one that sells software to other businesses.

Business to Consumer (B2C)

This form of ecommerce firm sells items or services to consumers directly. A B2C ecommerce firm would be an online retailer that sells clothes to consumers.

Consumer to Consumer (C2C)

This sort of ecommerce allows consumers to sell products or services to one another. A C2C ecommerce business would be, for example, an online marketplace where people can sell used furniture.

Dropshipping

Dropshipping is an ecommerce business that does not hold any inventory. When a customer places an order, the merchant acquires the product from a third-party supplier and has it shipped to the client directly. The best example of this model would be print-on-demand where your products are only prepared when an order is placed. This eliminates inventory and maintenance costs and opens the door for customization. Read our detailed blog on Dropshipping vs. Ecommerce: Best one to choose in 202 4 to get a clear idea about dropshipping and ecommerce.

Affiliate marketing

This sort of ecommerce firm receives a commission by promoting the products or services of other businesses. An affiliate marketer, for example, may promote a product on their blog and get a commission if someone clicks on the link and purchases the goods. You can go through our blog on Affiliate Marketing vs. Dropshipping to learn more about this.

Subscription-based

Subscription-based ecommerce enterprises charge clients a recurring price for access to items or services. A subscription-based business might be one that delivers fresh fruits and vegetables to consumers’ homes.

How to Make an Ecommerce Business Plan?

A business plan for ecommerce is a document that covers your company’s goals, tactics, and financial estimates. If you are looking for how to start an ecommerce business in India, you must know this first. It is a must-have tool for any ecommerce business owner because it will assist you in raising finances, attracting customers, and tracking your development.

To create an ecommerce business plan, you must first:

• Define your company’s objectives. What do you hope to achieve with your company?
• Investigate the market. Who are your ideal clients? What are their wants and needs?
• Determine your competition. What are your rivals doing well? What can you improve on?
• Create a marketing strategy. How will you contact your intended audience?
• Make a spending strategy. How much capital do you require to launch your business? How are you going to make money?

Your ecommerce business plan should be a dynamic document that is routinely updated as your company develops and evolves. It is an essential instrument for assuring your company’s success.

Step by step guide on How to start an Ecommerce business in India

Here is a detailed step-by-step guide on how to start an ecommerce business in India with proper planning and execution:

Research your Business Idea

Determine a product or service that meets a market need while also aligning with your experience and passion.

Find your Niche

Narrow your attention to a certain market niche, allowing for targeted marketing and a unique value offer.

Conduct Market Research

Examine rivals, customer behaviour, and industry trends to acquire insights that can help you develop your business plan.

Choose your Product and Target Market

Choose products that will resonate with your target audience and provide a competitive advantage.

Validate your Product

To validate demand, test your product concept with a small audience or through pre-orders.

Sourcing your Product

Determine if you will manufacture your product, source locally, or use dropshipping, and establish dependable sources.

Write your Business Plan

As mentioned before, make a detailed plan including your company’s goals, target market, marketing techniques, financial projections, and operational strategy.

Decide a Name and Legalize Your Business

Choose a distinct business name, register it, and complete all legal requirements such as licences and GST registration.

Choosing an Online Selling Channel

Decide where you’ll sell your products: on your own website, through existing e-commerce platforms, or a combination of the two.

Set up your Online Store

Build and customise your e-commerce website to ensure a user-friendly layout, clear product descriptions, and easy navigation.

Find The Perfect Logo

Create a logo that reflects your brand identity and resonates with your target audience.

Select Payment Methods

Integrate secure and diversified payment gateways to cater to a wide range of consumer preferences. Consider adding options like credit cards, debit cards, net banking and UPI for the ease of the customers.

Prepare For The Launch

Thoroughly test your website, ensuring that all links and capabilities operate, and stock up on products.

Brand Your Brand

Develop a consistent brand identity, including graphics, tone, and messaging that are relevant to your target market.

Find Logistics Partner

Work with reputable logistics companies to ensure efficient order processing, shipment, and delivery.

Market your Business

Use a combination of digital marketing methods such as SEO, social media, content marketing, and paid advertising to boost your sales.

Build A Strong Customer Base

Focus on providing outstanding customer service, engaging with customers on social media, and gathering feedback to improve.

Additional Tips for Starting an Ecommerce Business in India

Here are some additional tips on how to start an ecommerce business in India and execute it perfectly:

• Customise your content for diverse Indian languages and cultures.
• For India’s mobile-driven market, make sure your website is mobile-friendly.
• Showcase reviews to gain buyer confidence and trust.
• Display endorsements and influencer collaborations on social media.
• Provide popular local payment methods to ensure smooth transactions.
• Take advantage of amazing offers during Indian festivities.
• To provide better assistance, provide multilingual support.
• Optimise for local keywords to attract clients in your area.
• Optimise site speed for different internet connections.

Successful Ecommerce Business Examples

Here are some examples of some businesses that cracked the code on how to start an ecommerce business in India and are doing pretty well in their fields:

Boat is a smartphone, headphones, speaker, and other audio equipment manufacturer based in India. Aman Gupta and Sameer Mehta launched it in 2016. Boat has become one of India’s most popular audio brands, because of its low costs and beautiful designs. In addition, the company has moved into other product categories such as smartwatches and fitness bands.

Bombay Shaving Company

Bombay Shaving Company is a shaving and grooming brand based in India that provides razors, shaving lotions, and other grooming items. Mohit Agarwal and Ankur Warikoo launched it in 2016. Bombay Shaving Company has been successful in capitalising on India’s growing demand for luxury shaving goods. The company sells a variety of items, such as safety razors, shaving brushes, and shaving creams.

Sugar Cosmetics

Sugar Cosmetics is a cosmetics business from India that sells lipsticks, eyeliners, and other makeup items. Falguni Nayar created it in 2015. Sugar Cosmetics has become one of India’s most popular makeup brands, thanks to its low costs and diverse product line. In addition, the corporation maintains a loyalty programme that rewards customers for their purchases.

Nykaa is an Indian e-commerce portal for beauty and personal care that provides a wide range of products such as makeup, skincare, haircare, and perfumes. Falguni Nayar created it in 2012. Nykaa has risen to prominence as India’s largest beauty e-commerce portal, thanks to its diverse product offering, low pricing, and user-friendly shopping experience.

Firstcry is an Indian e-commerce portal for babies and children’s products that sells a wide range of things such as apparel, toys, and feeding supplies. Supam Maheshwari and Tarun Jain launched it in 2010. Firstcry has established itself as the largest e-commerce site for babies and children’s items in India, owing to its diverse product offering, low pricing, and user-friendly shopping experience.

Top Successful Print-on-Demand Stores Powered by Blinkstore

Now that you know how to start an ecommerce business in India, let’s take a look at some of the top blinkstore powered print on demand businesses that are doing pretty good in this field:

WQ Community

Wellness Quotient (WQ) is a community of like-minded consumers who believe that prevention is better than cure and who like to be actively engaged in the quest to improve their wellness quotient by following time-tested principles of well-being.

Swasthya Warriors

Next on the list, we have Swasthya warriors. They are also one of the most successful print on demand companies that focuses on quality and eco sustainability.

CLTR Studios

CLTR Studios has become one of the most reputed platforms when it comes to print on demand products. Their affordable and unique designs makes them stand out among the crowd.

Twocolors is another popular store powered by Blinkstore that is doing really well in the print-on-demand business. They mostly focus on premium minimalistic designs and provides one of the most efficient customer support.

Sandshandiworks

Last, but not least, we have Sandshandiworks which focuses on typographical designs that are always trendy and unique. These designs receive regular updates and always stays in fashion!

Starting an ecommerce business in India could be an excellent method to launch a new venture or expand an existing one. You can start a profitable ecommerce business with a little thought and effort. Hopefully, with our detailed guide, you will be able to figure out how to start an ecommerce business In India and become profitable.

How to find the right eCommerce platform for my business?

Compare platforms based on features, scalability, cost, and user reviews to find the one that best meets your company’s needs.

How can I start an eCommerce business in India for beginners?

Begin by studying your area, developing a business plan, selecting products, establishing an online store, and putting in place effective marketing methods.

Is e-commerce business profitable in India?

Yes, due to the developing digital market and rising customer desire for online purchasing, e-commerce can be lucrative in India.

How much investment is needed to start an eCommerce business in India?

Depending on your product range and business type, investment can range from a few thousand rupees for a small-scale operation to lakhs for larger setups.

Is e-commerce profitable?

Profitability in e-commerce is possible, but success is dependent on factors such as product selection, marketing strategy, operational efficiency, and market demand.

Is it easy to start e-commerce?

Starting an e-commerce business might be simple with good strategy, research, and execution, but it takes effort and devotion to thrive.

What is the highest salary in eCommerce?

Executive wages in e-commerce can range from several million to crores per year, depending on the function, firm size, and market conditions.

Which is the richest e-commerce?

Amazon is currently the world’s richest e-commerce corporation.

What is the most successful e-commerce?

Companies such as Amazon, Alibaba, and Walmart have had tremendous success in the e-commerce industry.

What are the top 3 biggest online shopping sites?

Amazon, Flipkart, and Myntra are the top three largest online shopping sites in India.

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Business Ideas: ಭರ್ಜರಿ ಆದಾಯ, ಲಾಭ ಗಳಿಸಲು ಈ ಆನ್​ಲೈನ್ ಉದ್ಯಮಗಳನ್ನು ಆರಂಭಿಸುವುದು ಬೆಸ್ಟ್

Profitable e-commerce business ideas; ಅನೇಕ ಮಂದಿಗೆ ಸ್ವಂತ ಉದ್ಯಮ ನಡೆಸಬೇಕೆಂಬ ಬಯಕೆ ಇರುತ್ತದೆ. ಆದರೆ, ಹೂಡಿಕೆಗೆ ಬಂಡವಾಳದ ಸಮಸ್ಯೆ ಇರುತ್ತದೆ.. ಕಡಿಮೆ ಹೂಡಿಕೆಯೊಂದಿಗೆ ಹೆಚ್ಚು ಆದಾಯ ಗಳಿಸಬಹುದಾದ ಕೆಲವು ಉದ್ಯಮಗಳ ಬಗ್ಗೆ ಇಲ್ಲಿ ಮಾಹಿತಿ ನೀಡಲಾಗಿದೆ..

Updated on: Dec 26, 2022 | 2:26 PM

ತಂತ್ರಜ್ಞಾನದ (Technology) ಬಳಕೆ ಹೆಚ್ಚಳದೊಂದಿಗೆ ಆನ್​ಲೈನ್ ತಾಣಗಳಲ್ಲಿ ಉದ್ಯೋಗಾವಕಾಶಗಳೂ ಹೆಚ್ಚಾಗಿವೆ. ವ್ಯಾಪಾರ, ಮಾರ್ಕೆಟಿಂಗ್ ವಿಧಾನಗಳಲ್ಲಿಯೂ ಗಣನೀಯ ಬದಲಾವಣೆಗಳಾಗಿದ್ದು, ಸ್ವ ಉದ್ಯಮ, ಸಣ್ಣ ಉದ್ದಿಮೆಗಳಿಗೂ (Small Business) ವಿಪುಲ ಅವಕಾಶಗಳು ಸೃಷ್ಟಿಯಾಗಿವೆ. ಮನೆಯಲ್ಲೇ ಕುಳಿತುಕೊಂಡು ಆನ್​ಲೈನ್ ಮೂಲಕ ಉದ್ಯಮ ನಡೆಸುವುದರೊಂದಿಗೆ ಹೆಚ್ಚು ಸಂಪಾದನೆ ಮಾಡಲು ಅನೇಕ ಅವಕಾಶಗಳು ಸೃಷ್ಟಿಯಾಗಿವೆ. ಅನೇಕ ಮಂದಿಗೆ ಸ್ವಂತ ಉದ್ಯಮ ನಡೆಸಬೇಕೆಂಬ ಬಯಕೆ ಇರುತ್ತದೆ. ಆದರೆ, ಹೂಡಿಕೆಗೆ ಬಂಡವಾಳದ ಸಮಸ್ಯೆ ಇರುತ್ತದೆ. ಇಂಥ ಸನ್ನಿವೇಶದಲ್ಲಿ, ಕಡಿಮೆ ಹೂಡಿಕೆಯೊಂದಿಗೆ (Investment) ಹೆಚ್ಚು ಆದಾಯ ಗಳಿಸಬಹುದಾದ ಕೆಲವು ಉದ್ಯಮಗಳ ಬಗ್ಗೆ ಇಲ್ಲಿ ಮಾಹಿತಿ ನೀಡಲಾಗಿದೆ.

ಇ-ಕಾಮರ್ಸ್ ತಾಣದ ಮೂಲಕ ಬಟ್ಟೆ ಮಾರಾಟ

ಬಟ್ಟೆಗಳ ಮಾರಾಟಕ್ಕೆ ಇ-ಕಾಮರ್ಸ್​ ವೆಬ್​ಸೈಟ್ ಆರಂಭಿಸುವ ಮೂಲಕ ನೀವು ಉದ್ಯಮ ಕ್ಷೇತ್ರಕ್ಕೆ ಕಾಲಿಡಬಹುದು. ಇದಕ್ಕೆ ಚಿಲ್ಲರೆ ಮಳಿಗೆ ತೆರೆಯಲು ಬೇಕಾದಷ್ಟು ದೊಡ್ಡ ಮೊತ್ತದ ಹೂಡಿಕೆ ಅಗತ್ಯವಿಲ್ಲ. ವೆಬ್​ಸೈಟ್ ಆರಂಭಿಸುವ ಮೂಲಕ ವಿವಿಧ ವಯಸ್ಸಿನ ಜನರಿಗೆ ವಿವಿಧ ಆಯ್ಕೆಯ ಬಟ್ಟೆಗಳನ್ನು ಮಾರಾಟ ಮಾಡಬಹುದು. ಆನ್​ಲೈನ್ ಶಾಪಿಂಗ್ ಹೆಚ್ಚುತ್ತಿರುವ ಈ ಸಂದರ್ಭದಲ್ಲಿ ಇದೊಂದು ಉತ್ತಮ ಆಯ್ಕೆಯಾಗಬಲ್ಲದು. ಇನ್​ಸ್ಟಾಗ್ರಾಂ, ಫೇಸ್​ಬುಕ್​ನಂಥ ಸಾಮಾಜಿಕ ಮಾಧ್ಯಮ ವೇದಿಕೆಗಳ ಮೂಲಕ ಪ್ರಚಾರವನ್ನೂ ಮಾಡಬಹುದಾಗಿದೆ. ಇದಕ್ಕೆ ಹೆಚ್ಚಿನ ಹೂಡಿಕೆ ಅಗತ್ಯವಿರುವುದಿಲ್ಲ.

ಗೃಹಾಲಂಕಾರ ಮತ್ತು ಪೀಠೋಪಕರಣ ಆನ್​ಲೈನ್ ಮಾರಾಟ

ಗೃಹಾಲಂಕಾರ ಮತ್ತು ಪೀಠೋಪಕರಣಗಳ ಆನ್​ಲೈನ್ ಮಾರಾಟ ಉದ್ಯಮವನ್ನೂ ಆರಂಭಿಸಬಹುದು. ಇದಕ್ಕೂ ಹೆಚ್ಚಿನ ಹೂಡಿಕೆ ಮಾಡಬೇಕಾಗಿಲ್ಲ. ಆನ್​ಲೈನ್ ಮೂಲಕವೇ ಹೋಲ್​ಸೇಲ್ ಮಾರಾಟಗಾರರಿಂದ ಖರೀದಿಸಿ ಚಿಲ್ಲರೆ ಮಾರಾಟ ಮಾಡುವುದರಿಂದ ಹೆಚ್ಚಿನ ಲಾಭವನ್ನೂ ಗಳಿಸಬಹುದು. ಯಾವ ರೀತಿಯ ವಸ್ತುಗಳಿಗೆ ಹೆಚ್ಚಿನ ಬೇಡಿಕೆ ಇದೆ, ಯಾವ ರೀತಿಯಲ್ಲಿ ಉದ್ಯಮ ನಡೆಸಬಹುದು ಎಂಬ ಬಗ್ಗೆ ತುಸು ಅಧ್ಯಯನ ಮಾಡಬೇಕಾಗುತ್ತದೆ. ಈ ಕ್ಷೇತ್ರದಲ್ಲಿ ನೀವು ಆಸಕ್ತರಾಗಿದ್ದರಂತೂ ಇದೊಂದು ಉತ್ತಮ ಆಯ್ಕೆಯಾಗಬಲ್ಲದು.

ಸೌಂದರ್ಯ ಸಾಧನಗಳ ಆನ್​ಲೈನ್ ಉದ್ಯಮ

ಸೌಂದರ್ಯ ಸಾಧನಗಳು ಮತ್ತು ಇತರ ಪ್ರಸಾಧನಗಳಿಗೆ ಮಾರುಕಟ್ಟೆಯಲ್ಲಿ ಬಹು ಬೇಡಿಕೆ ಇದೆ. ಇ-ಕಾಮರ್ಸ್ ತಾಣದ ಮೂಲಕ ಸೌಂದರ್ಯ ಸಾಧನಗಳ ಮಾರಾಟ ಉದ್ಯಮವನ್ನು ಕಡಿಮೆ ಖರ್ಚಿನೊಂದಿಗೆ ಆರಂಭಿಸಬಹುದು. ಕೈಗೆಟಕುವ ಬೆಲೆಯಲ್ಲಿ ಉತ್ತಮ ಸಾಧನಗಳನ್ನು ನೀಡುವ ಮೂಲಕ ಉದ್ಯಮದಲ್ಲಿ ಯಶಸ್ಸು ಕಾಣಬಹುದು. ಬ್ಲಾಗ್, ಯೂಟ್ಯೂಬ್, ಸಾಮಾಜಿಕ ಮಾಧ್ಯಮಗಳ ಮೂಲಕ ಪ್ರಚಾರವನ್ನೂ ಮಾಡಬಹುದು.

ಆಟಿಕೆಗಳ ಮಾರಾಟಕ್ಕೆ ಇ-ಕಾಮರ್ಸ್ ತಾಣ

ಆನ್​ಲೈನ್ ಮೂಲಕ ಆಟಿಕೆಗಳ ಮಾರಾಟ ಉದ್ಯಮ ಆರಂಭಿಸುವುದು ಕೂಡ ಉತ್ತಮ ಆದಾಯ ತಂದುಕೊಡಬಲ್ಲದು. ಇದಕ್ಕೆ ಹೆಚ್ಚಿನ ಹೂಡಿಕೆ ಅಗತ್ಯ ಇರುವುದಿಲ್ಲ. ಸಗಟು ಅಥವಾ ಹೋಲ್​ಸೇಲ್ ಪೂರೈಕೆದಾರರಿಂದ ಹೆಚ್ಚಿನ ಸಂಖ್ಯೆಯ ಆಟಿಕೆಗಳನ್ನು ಕಡಿಮೆ ದರಕ್ಕೆ ಖರೀದಿಸಿ ಆನ್​ಲೈನ್ ಮೂಲಕ ಮಾರಾಟ ಮಾಡುವುದರಿಂದ ಹೆಚ್ಚು ಆದಾಯ ಹಾಗೂ ಲಾಭ ಗಳಿಸಬಹುದು.

ಕಸ್ಟಮೈಸ್ಡ್ ಪ್ರಿಂಟೆಡ್ ದಿರಿಸು, ವಸ್ತುಗಳ ಉದ್ದಿಮೆ

ಇತ್ತೀಚಿನ ದಿನಗಳಲ್ಲಿ ಇ-ಕಾಮರ್ಸ್ ತಾಣಗಳಲ್ಲಿ ಕಸ್ಟಮೈಸ್ಡ್ ಮುದ್ರಿತ ಸರಕುಗಳ ಬೇಡಿಕೆ ಹೆಚ್ಚಾಗಿದೆ. ಜನರು ತಮ್ಮ ನೆಚ್ಚಿನ ಫೋಟೋಗಳು ಅಥವಾ ಸಂದೇಶಗಳನ್ನು ಟಿ-ಶರ್ಟ್‌ಗಳು, ಮಗ್‌ಗಳು, ನೋಟ್‌ಬುಕ್‌ಗಳಲ್ಲಿ ಮುದ್ರಿಸಲು ಬಯಸುತ್ತಾರೆ. ಪ್ರಿಂಟರ್ ಖರೀದಿಸಿ ಗ್ರಾಹಕರ ಬೇಡಿಕೆಗೆ ಅನುಗುಣವಾಗಿ ವಸ್ತುಗಳ ಮೇಲೆ ಮುದ್ರಿಸಿ ಆನ್​ಲೈನ್ ಮೂಲಕ ಮಾರಾಟ ಮಾಡುವ ಉದ್ದಿಮೆ ಆರಂಭಿಸುವುದು ಪ್ರಸಕ್ತ ಸನ್ನಿವೇಶದಲ್ಲಿ ಹೆಚ್ಚು ಆದಾಯ ತಂದುಕೊಡುವ ಮತ್ತು ಲಾಭದಾಯಕವಾಗಬಹುದು.

ಇನ್ನಷ್ಟು ವಾಣಿಜ್ಯ ಸುದ್ದಿ ಓದಲು  ಇಲ್ಲಿ ಕ್ಲಿಕ್ ಮಾಡಿ

Published On - 12:30 pm, Mon, 26 December 22

A Complete Guide on How to Start an eCommerce business in India

Parnas Ghosh , Abhinav kumar

If you are looking to start your own e-commerce business in India like Amazon or Flipkart, then this is the way to go. To start with, eCommerce is an online process of buying or selling goods and services. There is no paperwork involved in making any transaction here.

One of the best things that most of us like about an e-commerce startup is that we can update and modify it the way we want and make it attractive and appealing to the eyes of the audience. Your customer will have access to your services 24x7 and you don’t need to come out of your door for marketing and other stuff if you are doing it at a small level.

According to a report, in 2019, eCommerce sales accounted for 14.1% of all retail sales worldwide. However, there are some things that you need to care about in your eCommerce business plan .

How to Start an eCommerce Business in India? (A 10-Step Business Plan)

How to build an ecommerce startup, how to compete in the ecommerce market, how do ecommerce sites make money.

Starting an eCommerce website might sound challenging, but with this easy 10-step business plan, it would hardly be tough. So, let's dive into the steps:

Step 1: Define your business name

Business names are always important as they give you an identity after identifying what you want to sell. A business name will be the legal identity of your business. This opens a room for marketing your product with ease. The name that you choose should be simple and unique. It is always better to research extensively before you decide upon a particular name for your business. This will let you be safe and secure, and thus, is really important for everyone who would be starting an eCommerce website.

Step 2: Set a domain name

Ideally, there is always diversity in business. The business name acts as the domain name . A domain name system (DNS) stipulates the website address that your business wants to keep.

One of the important factors for an eCommerce business plan is a website. A website can be useful in developing different marketing strategies. It acts as a point of contact between you and your customers .

A website is accessible to many people at any given time and creates a climate of trust (credibility). Churning out a website is really convenient as it tells the customers that you exist. Furthermore, the website and the domain name are some of the core steps to proceed with before one can go about launching an eCommerce business.

Step 3: Identify the type of business and register

People engage with businesses as sole proprietorships, partnerships, or cooperation. Each of these has an advantage and disadvantage attached to it. For example, operating as a sole proprietor always subjects you to numerous risks.

You need to weigh before deciding upon a particular type of business that suits you. The income removal system (IRS) allows you to file the structure of your business on your own or get a different filing company to help you.

Step 4: Employer Identification Number (EIN)

You can not operate an e-commerce business without a bank account. To get a bank account you need for your business you need EIN . This number you are given acts as identification. You use it to file taxes for the business . It is always a requirement whether you will operate alone or employ people.

Step 5: Obtain legal documents

Every country has its own policies and procedures that every citizen must adhere to. This is also one of the things you must keep as a priority while creating an eCommerce business plan. If you fail to do that, the government has the mandate to declare your business illegal, after which numerous penalties might be imposed.

Licenses for the business and work permit should be obtained. Confirm with your state what type of taxes you are required to pay in order to operate. Also, you need to Apply for Goods and Service Tax (GST) certification and a Shops and Establishment Licence.

Step 6: Source for vendors

It is not possible to operate without vendors . Everyone needs to identify and keep in contact with different vendors. This way you can derive the best quality and prices for the materials you need to make your products. Conduct a thorough and serious search of the vendors to help you identify who you want to work with.

Step 7: Early marketing

Media platforms are paramount in e-commerce. However, it is also necessary that you have an eCommerce business plan prior to that. Alert customers that there is something good coming up so they can create interest to know. You can even decide to introduce blogging as a tool .

Step 8: Get effective software

E-commerce cannot work without making use of technology. Put every system in place before launching the product. Effective software is what you simply cannot compromise when it comes to building e-commerce websites in India.

Step 9: Keep a smart inventory

Inventory will help you track the information that you need. Ensure the warehouse (store) has enough products so that the customers don’t miss out on what they want. You may not be in a position to tell what will be needed and when but is always safe to keep a decent stock. This will help keep track of the orders you make in the future.

Step 10: Be compliant

Always be smart with deadlines in terms of taxes, licenses and permits needed. Always ensure you abide by the law of the land. Staying compliant is the key to starting an eCommerce store or an online business and making it successful.

The Ecommerce industry is on the boom for the past few years, and why not? It is ultimately a sector with big opportunities and low barriers to entry. The total valuation of the e-commerce industry in India was last recorded at $46.2 million and is expected to rise to $188 billion by 2025 . Such a sector that is ever so growing, certainly consists of a lot of opportunities.

Currently, there are hundreds of e-commerce sites selling products and services and thousands are on the way. Probably you also want to have one. Well, the e-commerce industry is so dynamic now, that you need to be agile and alert. So, keep monitoring the activities, events, discussions, and changes going on in your niche.

Now e-commerce is not about selling a product but a solution. Your potential customer must see the clear benefit of buying from you. Here are some tips to follow if you are starting up or already have an existing startup in the e-commerce domain.

Find a niche

If you get an idea for e-commerce, there is a fair chance that many startups are operating in that niche and many are coming up. That is why it is important to break the initial idea, segment them a little further or get a niche that is not explored yet and work on that with full focus.

If you think you can compete against Flipkart or Snapdeal that's not going to happen if you plan to start with the same business model .

Take sandal. When the company launched, it was an online portal for deals and coupons. This was a very focused play. They didn’t immediately start selling physical goods. Make your unique selling proposition, find your target "janta" or customers, and sell your product to them.

As you have started out, the world seems very new to you. Nobody except you can tell what works best for you. So, experiment with different Pitches , Distribution channels, and more. Do this until you find out a solid sales strategy .

Listen to your customer

As it is always said worship customers like gods. Always remember that if there is any service you want to provide, then that should always be a customer satisfaction service . Your behaviour towards the customer after the sale would make all the difference.

This will help you in customer retention and thus make more sales. Once a sale is made. Talk to them, get feedback and see what changes they want. Even if it doesn’t comply with want you want just change it.

Learn from the mistakes of competitors

Do you have lots of competitors? Having too many competitor s is not so good news for businesses but every bad thing has got something good in it. So, if you have quite some competitors already in the same space where you would be starting your own eCommerce business, you can try to analyze their website design , pricing, and marketing strategies on a regular basis to get useful insights for future action. Go through their social media profile to see what activities have helped them gain traction a lot and what has failed for them. In this way, pick up all that they have done good, and try to avoid all the mistakes that they have done.

Use digital marketing

74% of adults who are online, use social networking sites, and among them, it has been found that 71% of online adults use Facebook. Being a startup you don’t have much marketing budget. Here, starting with social media platforms for marketing purposes will indeed be of great help. Optimising the content and regularly sharing them on social platforms certainly is rewarding for brands and businesses. This will not only let you reach to large audience economically but also help you to get analytics to learn about the users. It is also a great way to listen to what customers are saying about your brand.

Make sure you always have enough inventory of the highest-selling product. Make sure that you keep a track of all the products that belong to the highest-selling and lowest-selling categories. Figure out what is making the highest product sell the highest and what makes the others the lowest-selling products. This will help you a great deal!

Choose the right web hosting  

Looking at what similar companies are using. Add a mascot on the site that guides the users about the site and the products, is an interesting way to get the attention of customers (like Zendesk). Use only those plugins that are necessary.

Consumer support

Hire trained customer care executives to resolve customer queries over calls and emails. A toll-free number and support email is crucial too. Solve the problems that the customer is facing, to ensure the efficiency of the website.

Content marketing

The content is important for an e-commerce website and is good for marketing the brand. Putting up a blog or posts will surely bring up more traffic than ever. Content marketing will stand as one of the primary requisites as soon as you start an eCommerce store or an eCommerce website in India.

Social Media Marketing

Social media is the key to climbing the ladder and getting the exposure one wants in the public eye, so creating social media accounts is the key to helping the brand reach the eyes of the world. Keep the followers updated with new products and give ways to get more followers. Meme marketing is also a great way to engage your customers (Millennials).

Influencer's utilization  

The influencers are the best people in the game especially, in terms of product branding and making the future of a product. Hence, hire some influencers who are the best in the marketing game , which your brand focuses on, and pay them to put the ad on their social media. This will help increase your brand reach, thereby helping it to reach thousands and millions, who would then be able to see what your brand and its products are all about and people will pop up on the website for sure, giving you more website traffic and multiplying your revenues for sure.

Every day is new and brings changes in people’s needs and desires. Luckily, this is where small and upcoming startups can still win in the midst of other eCommerce giants. Here, is how to compete in the E-commerce market.

We are aware of how Amazon and eBay have driven many small and medium companies to extinction. But the other side of the reality is also that new interventions are always abundant and there's always a new idea, product concept, or methodology that can topple the market leaders as we know them, or at least create a comfortably sweet spot in the market for themselves-which is just where your startup needs to reach.

If your startup is introducing a new product or service altogether, there is a very different approach you might need to take as compared to a start-up that is re-offering the existing product or service to bridge the demand-supply gap.

Be very clear as to who you are, what your offer is, and what your target is. Make sure that your core team and your entire organization have this understanding to ensure that the combined effort of the entire workforce maximizes the results.

It is a hopeful time to be as Amazon and the likes do cater everything to everyone. But the digital age has made it possible for everyone to co-exist as people’s tastes are ever-evolving and start-ups targeting the niche will be able to carve out their own space.

Read on for sage advice on how you can stand out in a crowded marketplace and reap the maximum benefit of being a newcomer to the industry.

Create Your Own Service

Your chance to be victorious in the game is to be an innovator and make your own market rather than depending on the existing marketplace. It is a harder approach to what you are already doing but will take you miles ahead of others.

See a Need, Fill a Need

We have seen time and again that certain brands launch big after years of testing and planning, however, once the brand is not received well they start to fizzle out. The ones who make it successfully are often seen using the feedback from the customers and dedicating some resources to perfecting common complaints and difficulties consumers are experiencing. They don’t quit, rather, they use real-time data as the major source of what the next step is inspired.

In fact, building on what the customer conveyed as your shortcoming can also forge a trustworthy and loyal bond with them, which is a great way to market yourself. Instead of resisting the feedback, be open to them and make your way to their hearts by listening and acting on it. Create your own trend rather than following the norm.

Champion the Mobile App

Make sure that your customer is having a seamless mobile experience on your app and is likely to check out under 60 seconds after preparing the cart or choosing the service without any in-built interruptions. Fast times require faster solutions! In addition, make sure your startup belongs on platforms like Snapchat and Instagram that have made the visual world fun and directly accessible.

User-Centric Approach

Design Thinking promotes that design is an elementary part of any system. Design your product, service, or systems within the organization always prioritizing the user needs and user practices.

Get inside not just the mind of the end-user, but also their daily lifestyle, their influences, their dreams and aspirations, their environment, and their culture, depending on the nature of your services.

Customer is more likely to trust your brand if they think you thought of them specifically while making the product or service. This gives them confidence that you will understand them and will stand as a good choice for them.

Better Incentive Programs

Your incentives can come in the form of discounts, rebates, points earned toward a discount, points earned toward prizes, or any of many other plans. The worst-designed incentive plans have ambiguity in the stated rules.

An incentive is likely to shape your customer’s behaviour and drive them to your desired action. These incentives are thus, really valuable for an eCommerce company, especially if you are wanting to start an online store in India. If they are rewarded for their purchase, they feel like they ‘earned’ it. Keep a close eye on what other e-commerce companies in India are offering and if you are to compete with them, you must outdo their offer every time.

Better Customer Service

A common Amazon trait that has made it wildly popular in the e-commerce service is how they value each customer. Similarly, if you also want to start an eCommerce business, then you must first start to value each and every customer the same. While you can’t crush e-commerce giants given that they have bigger marketing budgets and bigger control of their product lines, operations and sales, it is certainly a trait you can imbibe in your company. Each satisfied customer means five people who will hear about you from him, which is great marketing for you at no actual cost.

Customer Data Is The Key to Ultimate Business Growth

A former Amazon company worker stated that Amazon has the ability to track both what people are buying as well as what they search for and can’t find.

This is a part of their success story. Companies that use customer data to better their practices are more likely to increase their sales and their gross margins than those who ignore the data.

Even if you don’t have big budgets to acquire data like e-com giants, do make absolute use of the behavioural data you already have in their database to improve customer satisfaction and customer retention.

Everyone wants an extra income to meet their needs and upkeep their standard of living. Furthermore, buying and selling goods and services via the Internet is the new trend to earn money, and the websites that make them possible are none other than Ecommerce websites. The Ecommerce websites are offering a free platform for the sellers and the buyers to get in touch with each other.

One can easily list their products on e-commerce websites and potential buyers can buy the products hassle-free sitting in any part of the world. The whole online buying and selling chain appears to be a very easy and economical process.

Although, you must have wondered as they offer free services to sellers and buyers then how these e-commerce websites like OLX , Quikr , Craigslist , and Gumtree make money online.

E-commerce websites, such as OLX, Quikr, and other leading sites provide an online portal to advertise your product or service offerings and find the buyer for them.

Almost all emerging e-commerce websites offer free services to users. However, they still make high-tech TV commercials and disburse lucrative salaries to their employees. How? So, let’s get the answer by analyzing the revenue-generating strategies of a few leading e-commerce websites and comparing their revenue plan with others.

OLX is one of the most popular and well-structured e-commerce websites. It offers a variety of features to its users, such as sellers can directly chat with a buyer, can easily bargain, etc. eBay is one of its competitors of OLX. OLX opts for the following methods to earn money:

Google AdSense Banner Ads

Google offers to all bloggers and website owners a very easy platform to get advertisements on their sites. Google AdSense is a platform where you can register your website and after verification, Google will show related advertisements. Hence, OLX  effectively runs Google ads to reach its target audience. The earnings through ads depend, upon the number of clicks they get which is called CPC (cost per click model).

Featured Listing

OLX offers a featured listing option to the sellers. Featured links are those links that you see on the top, whereas, in a normal listing Ads are placed in OLX depending on how recently the Ad has been placed.

Featured Ads will always appear on top of the list irrespective of any factors. Ideally all such should be mentioned as featured/sponsored/ads so that users don’t get an illusion. In a featured listing, your ad will show up at the top of the search list and your ad will be shown first to the buyers whenever they search for anything on OLX. The sponsored links appear depending on the keywords targeted by the advertisers. Being at the top of the list gives advertisers a way to get more leads.

Quikr is yet another e-commerce, which is very popular in India and somehow looks and works similarly to OLX. While the featured listing is one way to make money Quikr also follows a different route here.

They also generate revenue by generating leads for businesses. It makes a gainful amount of money for Quikr. Recently Quikr has acquired a few startups to diversify in different fields like Jobs, spas, and salons where they provide leads to these service providers.

Craigslist is also a popular rental listing website. It is mainly popular in the USA. But the company doesn’t earn as much revenue when compared to other websites. The company only makes revenue equal to its operation charges.

It charges $10 for a rental listing in New York and $25 for a job listing to occur in any of the major U.S. cities. If in the San Francisco area, you need to pay a $75 fee for a job to be listed.

The company is trying to consider Google AdSense and paid advertisements to generate more revenue, but it is still worried about the quality and clutter on the website due to ads, which is the main priority of the company.

Other eCommerce Websites

There are other similar eCommerce websites present, like Gumtree and BookSellBuy. They also earn through a basic business model, that is, by providing premium membership Ads wherein the features depend on their own model, by featured ads and paid listings. So, almost every website uses paid ads to generate money.

Now, building an eCommerce website is the trend. It definitely takes a lot of effort and hard work, but once created and branded properly, it will surely open a whole lot of doors for growth. It is not an easy task to run an e-commerce business in India in the current age of competition. Starting an eCommerce company or an eCommerce business in India is certainly achievable if one has the focus and grit to understand the customer and the people who are in the organization.

Use your data efficiently and always make the customers happy at the end of each transaction. Comment on your favourite e-commerce site or your story of launching your own e-commerce site in the comment down below .

What are the 3 types of e-commerce?

The three types of Ecommerce are Business-to-Business (B2B), Business-to-Consumer (B2C), and Mobile Commerce (M-Commerce).

What is the future of e-commerce?

The eCommerce industry was last valued at $46.2 bn in 2020 and is expected to rise to $188 billion by 2025, and would soar to become $350 billion by 2030.

Which is the largest e-commerce company in the world?

Amazon is the largest e-commerce company in the world.

How much does it cost to start an e-commerce business in India?

To start an e-commerce business in India you need approximately at least 5 - 10 lacs of investment.

How to start an eCommerce website, store, or eCommerce business?

Whether you want to start an eCommerce store/site or an eCommerce business, it is evident that you first need to research the industry and the market potential before starting up. Starting an eCommerce company in India would need you to:

• Build a fast, comprehensive, and informative website
• Create a viable business and revenue model
• Decide a relevant domain name
• Host the website properly
• Market your website, its products, and services
• Monitor the performance

What are some of the eCommerce business ideas?

Some of the best ideas if you want to create an eCommerce website or an eCommerce business in India would include grocery delivery, cosmetic and beauty products eCommerce business, refurbished or second-hand products business, fashion, jewellery, food tech and more.

What are some things that you should never forget while trying to set up an eCommerce business in India?

Setting up an eCommerce business in India is the dream of many, but only some eCommerce businesses in India actually see the light of day. Here are some of the easiest steps that you need to remember while setting up an eCommerce company in India:

• Chalking out a workable business and revenue model
• Branding your brand well
• Registering the business
• Opening a bank account and linking the business to the same
• Creating and launching a simple but secure eCommerce website
• Installing payment gateways
• Monitoring and improving the logistics

Must have tools for startups - Recommended by StartupTalky

• Convert Visitors into Leads- SeizeLead
• Manage your business smoothly- Google Workspace
• International Money transfer- XE Money Transfer

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How to start eCommerce business in India: A start-to-finish manual

• by Hibathu Naseer
• February 10, 2022
• 8 minute read

You might agree to this that accessing the tools for launching an eCommerce business is easier than ever. Whether you’re transitioning from a physical store to online or starting a small home-based business, this blog provides essential guidance. Discover how to start eCommerce business in India with just 9 simple steps.

• 1 Why start an eCommerce business?
• 2 Is eCommerce profitable?
• 3 How much does it cost to start an eCommerce business in India?
• 4 Step 1: Determine niche & products
• 5 Step 2: Conduct market research
• 6 Step 3: Create a business plan
• 7 Step 4: Sourcing products
• 8 Step 5: Find business name and logo
• 9 Step 6: Create an eCommerce website
• 10 Step 7: What license is required for eCommerce?
• 11 Step 8: Prepare for launch
• 12 Step 9: Get your first customer
• 13 How do you calculate eCommerce profit?
• 14 From setup to sales: Create your online store with Instamojo

Why start an eCommerce business?

Why consider launching an online business in India? The reasons are numerous, spanning from increased profits to enhanced customer engagement.

  View this post on Instagram   A post shared by Instamojo (@instamojo_india)

However, let’s focus on the top three compelling reasons to initiate an eCommerce business in 2024.

1. Wider exposure for your business

You have the scope of getting anyone as your customer, regardless of their geographic location, as long as they have an internet connection.

The pandemic accelerated the growth of eCommerce industry — more shoppers are coming online.

A survey by Engine found that people are spending on average 10-30% more online as a result of the pandemic.

2. 24/7 shop

You can make money while you sleep, literally. By automating business processes, you will have minimal work to do. You can focus on marketing and scaling your business.

3. You can start with little to no money

If the fear of high costs is holding you back from starting your eCommerce business, it’s actually more affordable than you think, despite its perceived complexity.

You can even get a free online store with Instamojo.

Let’s explore the essentials for launching and expanding your eCommerce business in India.

Is eCommerce profitable?

So, is eCommerce a moneymaker? Well, it really depends on how you play your cards. Some online businesses hit the jackpot, making good profit margins by being smart with their plans, knowing their customers, and staying on top of the game.

But, it’s not all smooth sailing – you’ve got to deal with competition and changes in what people want.

So, if you’re up for the challenge and know your stuff, eCommerce can totally be a money-spinner.

How much does it cost to start an eCommerce business in India?

Acquiring a range of products for your inventory is essential, and the associated costs will fluctuate depending on the type of products you choose.

It is advisable to allocate a minimum budget of INR 20,000 initially. Considering the diverse expenses involved, a rough estimate suggests that around INR 85,000 to INR 1 lakh is required to initiate your own eCommerce business in India.

Guess what? You can build your online store FREE with Instamojo. Whereas, you can opt for the premium pricing for more features and theme options.

Check our premium pricing

How to start an eCommerce business in India?

Curious about launching a prosperous online business from the ground up? We’ll lead you through the steps you can initiate today, mirroring the success of many others.

For a quick overview, take a look at the following infographic. Subsequently, we’ll delve into each step in thorough detail.

Step 1: Determine niche & products

Choosing the right products is crucial for the success of your business. But how do you determine if your products will be profitable enough? Consider these three points before selecting a product to sell:

• Does the product solve a problem?
• How constant is the product demand?
• Is the market too saturated?

For an eCommerce business to thrive, you need to focus not just on the products, but the niche as well.

In simple words, niche is the category of products you sell and helps define your target audience .

For example, if you decide to sell kitchenware, ’coffee mugs’ is a niche. You can further divide it into sub-niches. The more you niche down, the better chances your brand has to stand out.

Different kinds of products to sell online

Wondering what to sell online ? You can sell three main types of products – physical, digital, and services.

1. Physical goods

Material goods that you either need to source or manufacture are physical products. They are the most common form of products bought and sold online. You can sell anything from art and clothes to grocery and plants .

2. Digital products

The digital products are the one that could be downloaded from the internet. These include ebooks , templates , graphics and other such virtual products. Moreover, you should have knowledge on how to sell digital products online .

Step 2: Conduct market research

To determine if your business idea has enough scope to succeed and grow, you need to conduct market research. We know that the term makes it seem complicated and technical. Here’s how you can conduct a market research in easy ways:

1. Google search

Search for related products and find keywords. Check the different variants of product names and descriptions. For example, if you want to sell ‘macrame items’ online, you need to find out what they search to get those products. They search for ‘wall hangings’.

2. Competitor research

Which brands are well-known in your niche? What is their business model and marketing approach? And how does your product differ from theirs? This is what you can grab through the competitor research.

3. Define your target audience

You need to know who you’re selling to before you start selling. Define your ideal buyer and their pain points. This will help you set a perfect target audience and could assist you with the accurate strategy of niche marketing .

Step 3: Create a business plan

Before setting up the products in your online store, it is more important to set a business plan. Creating a business plan will give you clarity.

Here’s what you can put into a business plan:

• Execution plan
• Marketing and sales
• Finance and funding

Let’s make it easy to understand. This is how you can start with a business plan:

Step 4: Sourcing products

You have three main ways to get hold of products to start your eCommerce business . Each way has its pros and cons.

1. Make your own products

This is most common when selling digital products. For physical products, you need to source raw materials and bear the costs of manufacturing. The advantage is that, your products would be unique and stand out from competition.

2. Wholesale

You can buy products in bulk by partnering with a manufacturer or supplier. Some of the top wholesale distributors in India are Indiamart, Shopclues, and TradeIndia.

3. Find a dropshipper

Dropshipping is a business model which allows you to sell without keeping an inventory of products. Since you don’t have to do shipping and order managing, you can run a business with little investment . The disadvantage is that you have lesser authority.

Step 5: Find business name and logo

Choosing a brand name is an exciting and important part of your business. You need to find a name for your brand.

Here are some points to keep in mind when selecting a name for your eCommerce business:

• Easy to remember
• Makes sense and grabs interest
• Check for available domain names

Your logo is part of your brand’s identity — it’s one of the first things people recognise and remember. Check out these blogs to find a suitable business name and create a logo:

Step 6: Create an eCommerce website

If you have found a product and a business name, the initial stage of starting an online business is done!

The next step is to get your plans to become reality.

For that, you need to set up a storefront where you can do business. You need an eCommerce store where you can not only sell products , but also run your whole business — from customer acquisition to shipping and fulfilment.

The easiest way to create an eCommerce store is through an eCommerce platform like Instamojo. You can get your own customised online store and could start selling instantly.

All you have to do is setting up your premium store with Instamojo, and your store is ready with all the customised features and numerous unique themes . After that, add the products to your store, and it is ready for the next step.

Also, this is a bundle of elements you can enjoy with Instamojo online store.

Step 7: What license is required for eCommerce?

Alright, so now let’s talk about a super important step in getting your eCommerce business off the ground in India – getting the license. Here’s the lowdown on how to do it:

• Grab your Director’s Identification Number (DIN) from the Ministry of Corporate Affairs website.
• Have your PAN card and digital signature ready for the application.
• Check the availability of your brand name with the Registrar of Companies (ROC) or on the Ministry of Corporate Affairs website.
• Once the name is confirmed, apply for GST certification, Professional Tax (PT), and the Shops and Establishment License.
• Wrap it up by applying for the Certification of Company Incorporation under the Company’s Act.

And there you go, you’re set to roll!

Step 8: Prepare for launch

Upon completing the setup of your online store, it’s time to gear up for the launch of your online business.

Before your online store becomes accessible to the public, there are a few crucial tasks to address.

• Ensuring the saleability of your products online requires having high-quality product photographs .
• Accurate and compelling product descriptions .

To have a quick look on how to get a perfect store ready photographs, check out our reel.

Learning about the basics of eCommerce SEO and applying it on your eCommerce store is important to get your store found on search results. So, you need to take care of your eCommerce website’s SEO before launch.

Shipping is an essential part of eCommerce businesses as it determines its success and also accounts for significant cost.

With Instamojo, you can use auto shipment tracking. This is how you can do it! Checkout the video for reference.

Step 9: Get your first customer

Once your store is live, get ready to bring in your first customer . That’s where digital marketing and social media comes into play.

Marketing your business simply means putting it out there before the right people. This is how to do it!

How do you calculate eCommerce profit?

Profit=Total Revenue−Total Costs

In this formula:

• Total Revenue includes the money earned from sales.
• Total Costs encompass all the expenses related to the eCommerce business, such as product costs, website development, marketing, logistics, taxes, and fees.

So, by subtracting your total costs from your total revenue, you get the profit (or loss) of your eCommerce venture. Keep those numbers in check to see how well your business is doing!

From setup to sales: Create your online store with Instamojo

Business can’t be taught. You need to take the first step and figure out the rest on the way. But for starting out, Instamojo holds your back.

Starting your eCommerce business is expanding the idea you have in mind, pitch it to Instamojo and your beautiful online store with a perfect theme will be ready.

What are you waiting for now? Sign up on Instamojo and unlock the best eCommerce experience — features that make you profit and helps you run your business easily.

Start your own eCommerce store

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How to Start a Successful E-Commerce Business in India

• Posted by by Dhruv
• July 11, 2022
• 4 minute read

An entrepreneur should have a clear vision of what they want to sell in the market. An e-commerce business blueprint of the business should be drafted, with research on the actual requirement of the product in the market, the competitors, the target audience, and the pricing of the same.

Digitisation has gripped the whole world, and with the ongoing pandemic situation, even the government encourages people to live their lives digitally. Shopping online, doing work from home, online procedures, payments, and classes – everything is becoming digital. Hence, many organizations and companies are also shifting their focus on the e-commerce business.

Thus, it is safe to say that if you want to start a business, e-commerce might be a better platform than the physical establishment of the company. However, for new entrepreneurs, this might be a little tricky. To set up an online business, you must develop an understanding of where to set up the base and promote it, among other factors. This article will help you understand the steps in a more straightforward and organized way and learn how to start an e-commerce business in India. Here is a breakdown of the procedure for starting an e-commerce business in India.

How to Build an E-commerce Business ?

First, an entrepreneur should have a clear vision of what they want to sell in the market. An e-commerce business blueprint should be drafted, with research on the actual requirement of the product in the market, the competitors, the target audience, and the pricing of the same. See if one can enhance the development or add a ‘not available’ feature in the market.

Then, find a business model suitable as per the target audience, the product, and the approach.

What Are the Components of an E-Commerce Business?

Everyone wants to provide the best services to their customers. Still, the significant element to success for an ecommerce business is comprehending the necessary details, such as:

• Product quality and pricing
• Advertising your business on sites and pop-up ads 
• Customer engagement 
• Delivery of the product and customer support regarding the same
• Data security for the customers

Nailing these components can give an excellent boost to your business. Thus, one should thoroughly plan these components down to exact details, and that’s where the business plan comes in.

How Do I Make a Business Plan for E-Commerce?

Every business plan is drafted according to the product and the vision of the entrepreneurs. Still, for new entrepreneurs, this little roadmap will help you get a better direction for your aim, which is to start your own e-com business in India.

• Draft a summarised version of your goal and vision.
• Accordingly, mention the market research highlights in the sector and the findings.
• Specify why your product is different and the services that you provide.
• Reflect on how you expect to advertise your services and the marketing strategy.
• Once you receive the order, think of how you will execute it in procuring raw material, logistics, processing, packaging, and shipping. Create a complete product cycle and its timeline of execution and delivery.
• After understanding your business to the last detail, you can figure out the company’s financial boost or the capital required. If not, you have a pretty solid plan by which you can convince investors to invest their money in your business.

How to Identify E-Commerce and E-Business Strategies?

As mentioned, e-commerce strategies should focus on enhancing the experience for online transactions and business. They should mainly include the following:

• Better search engine optimisation (SEO) to help the website and the product to stand out online
• Marketing strategies on social media platforms, content creation for advertisement
• Easy-to-understand, user-friendly and simple web layout of the page
• Personalised experience and pay per click advertising
• Removal of possible bugs and errors in the encryption

After all the consideration, one can quickly build and launch a very profitable online store. However, to grow, you need to implement the following strategies.

• Once you have understood your audience, cater to their demands.
• Improve continuously and keep the audience reviews in mind
• Partner with a good firm with the same ideas and grow together.
• Reach out to the masses via an online platform and establish a presence there, keeping your motto the same for the business.

Some of the most outstanding businesses globally are still standing due to their originality, simplicity, adaptation, and excellent customer engagement. Most importantly, their success is due to the consistent quality of their product or service without compromise. We hope this article has given you a clear insight into how your business should be established, grow, and expand in the online market.

Sourcing a product, storing and warehousing, and packing and shipping make up the three key components of an e-commerce business. There are other approaches you can take as well. It all depends on the kind of e-commerce business you want to run.

A business plan will make it easier for you to start an e-commerce business. With its help, you will be crystal clear on what you want to do and how you need to achieve your goals. Moreover, it also helps in raising funds from investors and banks.

Most business strategies have the same seven essential components. Starting with these headings will provide you with a decent foundation for your personal plan, even if you add more themes. 1. Company overview 2. Executive summary 3. Marketing plan 4. Financial plan 5. Logistics and operations plan 6. Products and services 7. Market analysis

The term ‘e-commerce’ refers to business operations and transactions over the internet. Electronic commerce is the practice of doing all types of business transactions online.

Here are some e-commerce and e-business strategies for you. Have an effective word search algorithm that will help your customer find what they need.  1. Focus on new offerings. 2. Make it easier for customers to pay. 3. Give discounts.  4. Use social media promotions extensively.  5. Organize customer loyalty programmes. 6. Offer free or subsidized shipping.

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How to Make a Business Plan for an E-Store

An e-store business plan is a blueprint for how one will run their business, how they will fund it, who the target audience will be, and how they succeed. It’s crucial to know how to write a business strategy. It necessitates extensive study and an awareness of your target audience, financing, and other factors. Additional concerns have to be considered because e-stores operate in a virtualized world.

Seeking out investors or associates to obtain a business loan for an e-store is another phase of developing a business plan. You must present your e-commerce business in a simple style to comprehend and inspire trust for a business loan to be approved. Investors will not hop on board with a company that lacks direction or seems disorganized.

The strongest business contains growth plans, expected timetables, and financial objectives. They detect probable obstructions and design contingency plans, just like real-world route planners. They go into great depth about things like financial flow, costs, marketing materials, and distribution routes. In a nutshell, a business plan serves as the structure for any company. Here are some straightforward guidelines for creating an E-Store business plan.

Also Read: Business Plan For Mobile Store

Table of Contents

Create an Executive Summary of Who You Are

The executive summary aims to summarise everything it follows and present a high-level description of a company to time-pressed reviewers (e.g., potential backers, business loan providers). Because this is a summary, emphasize the most important aspects one discovered when drafting your plan. An executive summary should not be more than one page and should include the following information:

• A business concept: What is the nature of the business?
• Business objectives and vision: What is the goal of the company?
• A description and distinctiveness of the product: What does the business sell, and what makes it unique?
• The target market: To whom do you sell?
• Marketing strategy: How do the business intend to interact with the customer?
• Financial situation at the moment: How much money do they now make?
• The financial situation expected in the future: What kind of income will the business think they will generate?
• The request: How much business loan for the e-site would they ask for?
• The group: Who is associated with the company?

Alson Read: 5 Costly Mistakes To Avoid While Launching Your Online Store

Acquire Financial Resources

Most entrepreneurs begin with a small amount of money and gradually increase their capital. It’s fantastic if you can acquire equipment and inventory with your money. If you are unable to do so, you have four basic options:

• A business loan for an e-store
• A partner with financial resources
• An angel investor
• A crowdfunding attempt on Kickstarter (or a similar platform)

Entrepreneurs need a business plan whether they are seeking financing or company partners. A solid plan demonstrates to shareholders that you are secure in what you’re producing, that they know the market, and that providing them with a business loan is a wise decision.

A financial plan’s degree of detail may vary depending on your target and objectives. Still, it usually includes three primary financial views: an income statement, a balance sheet, and a cash-flow statement. These financial statements help file business loans for e-site and other banking procedures.

Also Read: Why You Need To Add Multiple Payment Methods To Your Online Store

Perform a Market Analysis

Customers are crucial to any brand or business, and the ability to attract high-quality customers who stay for something more is crucial. Owners need to figure out who the main customer for the organization is. Businesses are often doomed if they don’t understand their audience or even their operating sector.

The importance of market research is crucial, and there is a significant difference between traditional companies and e-commerce in this regard. The world is the customer when it comes to e-commerce, but you’ll need to whittle it down to a certain category to promote to them.

After identifying which customer is suitable for the business, the next step is to look at their buying habits, income and consumption habits, and the types of activities they like, primarily online. To prosper, companies must resolve issues before they devastate the company.

Create a Marketing Plan

Your business concept is brilliant, and you’re operating in a burgeoning market. You must now increase traffic to your E-Site and persuade people to purchase your stuff. In a nutshell, you’ll need a solid marketing strategy. Using internet marketing tactics and social networking sites to increase sales and get real-time feedback on the quality of your shop and customer service can help you enhance your sales.

To begin, figure out how much money you want to spend on your marketing effort. Unless you have infinite finances, you’ll need to discover a cost-effective approach to get the product across the potential clients. Because each of them has benefits and drawbacks, utilize a combination of them.

For instance, SEO is a low-cost way to launch digital marketing, but it takes time. On the other hand, if you intend to spend a lot of money on Instagram advertisements, it’s a good idea to consider whether Instagram is a popular platform among your target demographic. You’ll have to engage an agent to perform it for you if you don’t have the necessary knowledge.

Also Read: 5 Clever Ways To Boost The Sales Of Your Ecommerce Store

Be Clear and Thorough with the Legalities

Several organizations govern e-commerce sites. The Federal Trade Commission (FTC), which regulates e-commerce, business emailing, internet ads, and data protection, is in charge of e-commerce. Your company strategy must explain how you will adhere to the policies’ standards and requirements.

Consider how you’ll protect consumers’ details from identity fraud and misuse. Investigate your state’s sales tax legislation to see what your state expects of internet businesses. The Digital Millennium Copyright Act — DMCA — safeguards artwork and technological products in terms of digital and copyrights. You must guarantee that your company complies with all applicable legislation.

With a great e-site, good business loan, and a well-thought-out company strategy, you’ll be well on your way to success. Understand relevant guidelines and follow them in all aspects of your business to increase your prospects of survival. A well-written business plan that gets to the point can demonstrate to investors that they know what the company is doing and have a solid strategy for success.

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25+ Best Business Ideas in Karnataka

Last updated on: August 23, 2022 by Piyush Shah

Do you want to start a business venture but are puzzled about what it should be? Here are 25+ business ideas in Karnataka.

Karnataka is one of the leading industrialized and progressive states in India. It is also among the top-performing states in terms of economic development and contribution to the country’s GDP.

Here is why Karnataka is the haven for people who want to start their own business:

1. Bangalore, the Silicon Valley of India is the home to most of the IT companies out there in India.

2. Karnataka’s GDP in the financial year 2021 is more than 16 trillion Indian rupees . With the help of the chart below, you can easily see that every year the GDP of Karnataka is growing steadily.

3. In 2019, Karnataka was the top performer on the Startup India List.

4. Karnataka government has set up 47 innovative hubs, 6 centers of excellence, and 5 technology business incubators. These 58 centers aim to promote the startup culture and help aspiring entrepreneurs build their businesses.

So what are you waiting for? This is the best timeframe to start up your own business and contribute to the Make in India and Made in India initiatives by the Government of India.

In this article, we have provided a list of innovative ideas; you can easily start your entrepreneurial journey by implementing the same.

1. Software firm

2. online bakery, 3. gadgets shop, 4. organic food store, 5. real estate agent, 6. automobile repair services, 7. tiffin service, 8. daycare/childcare business, 9. start an e-pharmacy, 10. grocery store with a delivery service, 11. handyman services, 12. recruitment firms, 13. research-based business, 14. online fitness instructors, 15. consultancy services, 16. online courses, 17. youtube channel, 18. scriptwriting, 19. copywriting, 20. graphic designing, 21. webpreneur, 22. offer digital marketing services, 23. event organizing, 24. offer soft skills training, 25. social media strategist, 26. advertising campaign developer, how dukaan can help you build your business, small scale business ideas in karnataka.

If you are looking for some innovative ideas to start a small-scale business in Karnataka, here are some of the best ones to help you get started.

Karnataka is at the center of the technology hub in India. So if you are a good programmer and know a few other experts with whom you can work, here’s your opportunity to start a small software firm.

The only investment you need is a website that represents the services your company intends to provide.

If you are passionate about baking, start an online bakery .

In the initial phase of starting an online bakery, you can save on resources like renting a space, furniture, etc., as you can efficiently run a small bakery business from your home.

If you are unsure about how to go about starting your online business, this video will walk you through it step-by-step. You can see how easy it is to take any business online with the help of Dukaan.

Starting an online gadgets shop can be a wise decision with the increasing tech and gadgets market share. You can sell hot in-demand gadgets like smartwatches, wireless chargers, smart headphones, smart bands, etc…

All you need is a website to start this business. You can also tie up with different vendors and delivery partners so that they can assist you in fulfilling the orders. Dukaan can help you set up shop; all you need to do is watch this video.

“Health is wealth” is a proverb said centuries back, but it is most relevant in this day and age.

So you can start an organic food store to cater to those who are health-conscious. If you own a small farm or land, you can even cultivate organic items and sell them through your store.

Whether it’s purchasing a property, renting it, or even putting it on sale, all these tasks are a bit painful. Acting as a real estate agent can take away the buyer’s pain. And enable you to earn a handsome brokerage from both the buyer and seller.

Here you will need some good contacts and an excellent network in the real estate industry. You can also make it an entirely digital business by building an online platform that connects both buyers and sellers.

As the automobile industry grows aggressively, there is no second thought that repair and maintenance services will also simultaneously spike.

If you have expertise in repairing automobiles, you can start your automobile repair services. A ‘pick up and drop’ service from the client’s house for the repairing work will attract more customers.

The demand for home-cooked food is increasing day by day mainly because of its quality and taste. If you are a good cook or you know someone who cooks very well, then you can begin tiffin services.

Here the only thing you will need to crack is the delivery. You also have to ensure that the quality of food you serve is premium. As your potential TAM can be both working professionals and college-going students.

One of the biggest concerns of working parents is the safety and security of their kids. Start a daycare business immediately if you enjoy being with kids and can handle them with care.

You will need a place where you can run this business. You also need to hire a few helpers to assist you if you intend to grow your business.

Ever since the spread of Covid-19, online pharmacies have seen some unrealistic gains.

So you can grab this opportunity and start an e-pharmacy. All you need for this business is a medicine supplier. And a website through which you can showcase the list of medicines you will sell. You can set up your online store with Dukaan. This article will guide you the things you immediately need to action, once you set up your online Dukaan store

In the pandemic, people have found comfort in buying groceries online.

So it is a profitable business idea to start a grocery store online. You can list all the items on your website and generate your desired revenue. You can also offer delivery services to your customers.

Starting handyman services like plumbing, painting, floor repairing, etc… in Karnataka, can be a profitable bet because of the demographics of the state.

Here you will need a few experts to provide various services. And through your website, you can charge a nominal fee to the clients who need these services.

Karnataka is the house of thousands of companies constantly looking for highly skilled professionals who can join them and contribute to their growth. So if you have a great network and are ready to take this load from the companies, you can start your own recruitment firm.

Here you can serve both the students looking for jobs and companies on a hunt for professionals.

Research and Development (R&D. is one of the essential divisions of any company. If you have the experience and expertise to do the research work for a company, you can start your research-based business. Many startups and small-scale companies generally outsource their research work to reduce the in-house costs, so you will have a good TAM for this business.

After Covid-19, everyone wants to feel fit and ensure that they work out daily. But most people don’t have the time to go to the gym or visit a fitness instructor.

If you have the qualifications to become a fitness instructor, you can offer your services through your website and other social media platforms, which will be very easy to start. It will also help you save a lot of money compared to investing in renting an office space and different types of equipment.

New Age Business Ideas in Karnataka

Karnataka is a state full of opportunities in the field of technology and innovation. Below are a few new-age business ideas to help you grow your business in the digital space.

Over the past few years, the consultancy services market has been steadily booming. You can start a consultancy in the field you are an expert in, and then scale up by hiring a few other experts. This will enable you to run a full-fledged consultancy service business.

Placement consultancy especially can be the best option. As Karnataka is the hub for students and companies, making it an ideal environment for the same.

The online education sector has skyrocketed in the past few years. You can take capitalize on this opportunity and start publishing your courses on various platforms like Udemy, Skillshare, etc… or even on your website.

The investment required in starting this business is low, but you need to make sure that you love teaching others and are an expert on the subject.

Videos are ruling the new-age digital space. Like online courses, you can also start your YouTube channel and earn a handsome amount. The only basic investment you may need is a green screen, a mic, and a video camera to kick start publishing your videos and generating your earnings through ads, brand collaboration, etc…

If you have the potential to write good scripts, you can certainly try scriptwriting. Many YouTubers and course developers hire scriptwriters to write the scripts for their videos.

Here your investment is almost zero as you can work as an independent scriptwriter from anywhere in the world.

Copywriting is an art. If you are a master of this skill, then your clients will pay you whatever you demand because you will play a vital role for the company in creating awareness about their brand and helping them reach their potential consumers.

Here you can work as a freelancer and enjoy writing sales copies from any corner of the world.

What if there would have been no graphics in this article? Would you even read it anymore?

Yes, you are right. We can’t even imagine the text without graphics, and thus, in the digital space, graphic designers play an important role.

So if you are someone who loves designing and can create designs that will help your clients boost their reach, start working as a freelance graphic designer sitting in the comfort of your home.

Becoming a webpreneur in a state like Karnataka has many advantages because it is all about technology and digital infrastructure, which is very easily available here. Being a webpreneur, you can create a website for the best city deals or a website to get local information, etc.

Here your primary focus should be adding value to the local community (i.e., small scale. or broader community (i.e., large scale.. Try to reach as many people as you can through your digital presence.

In the era of digitization, practically every business needs digital marketing services like content marketing, search engine optimization, email marketing, etc… You can start offering digital marketing services through various social media channels and your website.

As Karnataka is enriched with IT hubs and various other corporates, the demand for event organizers is always on the rise. Are you good at networking, managing multi-tasking, finding the best venues at affordable rates, meeting various people, organizing performances or events, basically taking the load off your client’s back?

If you love this process, here’s an open door for you. Start your business as an event organizer immediately without hesitation.

Suppose you are good at soft skills like public speaking, work ethics, critical thinking, problem-solving, teamwork, professional attitude, etc…, In that case, you can offer soft skills training to working professionals and students who will soon enter the corporate environment.

You can initially start providing training through your website and other social media platforms and then scale it to massive levels as you succeed.

As social media usage has spiked, so are the demands of companies to be on social media and ensure that their brand has enough visibility. Here you can grab a chance to be someone who will manage their brand on digital platforms and ensure that they are ahead of their competitors in serving their consumer base.

As a social media strategist, you will need to have a firm grip over social media platforms to ensure that you get more clients who would like to work with you.

Every company needs to run advertisement campaigns to sell its products and services, and here comes the role of the advertising campaign developer. You can develop and manage advertising campaigns for various companies and earn a very hefty amount in return. Most advertising campaign developers are in high demand because their work will directly impact the company’s sales.

Here you will need to invest a considerable amount of time and effort, but in the end, the results are well worth the investment.

We are sure by now you may have envisaged your dream idea on which you would like to act and commence your business in Karnataka. So why don’t you pass the pain of building your online presence to us and just focus on how you can improve your efficiency and scale it a notch higher.

Stop thinking; start acting!

Learn more about how you can start your online journey through Dukaan without any technical knowledge and that too in a minute.

Dukaan can help you set up your online storefront at an unimaginably low cost.

Do check out other business ideas in different cities:

About Piyush Shah

Piyush Shah is the Head of SEO at Dukaan. He's committed to helping entrepreneurs start and grow their online stores with the power of SEO.

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How to Start Electronic Shop Business In India

Surabhi Guleria

• May 24, 2023
• 10 Min Read

Interested in knowing how to start your own electronic shop business in India? We bring you a detailed and easy guide that will help you understand the process.

From fans to AC, oven to the fridge, lights to vents, phones to television and laptops and wristwatches, we are surrounded by electronics. Gadgets have made our life super easy as it simplifies the work and delivers instant outputs. 

With the increase in demand for electronics, it has become one of the best business ideas in India . So let’s straight jump into the steps for starting an electronic shop business.

How to Start Electronic Shop Business in India

Starting an industry in electronics can be very challenging as this industry is volatile and can be difficult for startups if they lack a good blueprint to compete with many other established names in the business.

Hence starting an electronic shop business is a safe option and a profitable one. If everything is planned well in advance and one understands the business thoroughly then you can have a successful business. So here’s how to go about starting a business and opening an electronic shop business of your own.

Here are the steps to start an electronics store:

Investigate The Competitors

The first rule of all businesses is to investigate the competitors. Know all about them, what they are doing, their products, services, growths, success rate, failures, and marketing strategy.

There is a great deal that you can learn from it, things you should do and things that you should not. Knowing your competitor’s business module well will help you bring originality and uniqueness to your store that will set you apart.

Store Location

Location plays a key role in the success of your store. The location needs to have proper accessibility which will also improve the survival of the business.

Create, Share, Collaborate

Work with your team in real-time. create documents together and share the same on Whatsapp, Gmail, etc.

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The location should convince the franchise to tie up with you which will give a lot of visibility to your store and eventually help in the growth of your business.

Set Up An Office Space

Set up a nice office space that will attract your customers and mainly the franchise companies when starting your electronic shop business. Having a nice base would show the seriousness of your business.

This gives psychological satisfaction to the customers of the displayed products and also gives a nice plush experience to them. This would also give the real feel of the product and make them realize what they really feel about it.

Doing Research About Franchise

Do deep research on the franchise electronics companies and the know-how they function this way you would be able to determine which of these franchises fits your budget, personal interest, and goals.

Know all the parameters and check beforehand if you qualify for the requirements. Once done, get an appointment with them to discuss everything related to the franchise.

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Raise capital.

All business heavily relies on the investment and the capital it raises. The capital needed in the initial days is a lot hence it is important that you start raising funds from early on. As per a survey, 57% of small businesses depend on personal savings initially.

You need funds for things like store inventory, location, products, lease amount, store fixtures, employee wages, marketing, etc. 

Register Your Business

Registering your business is mandatory and there is no other way around it. Registering your business gives it a legal existence and also registers the name in the particular industry.

The government will identify your business only after you register it through the official agencies. This would also help you with a simplified taxation process as well as help in running your business smoothly.

Hiring Employees In An Electronics Store

You must hire employees to run a smooth electronic shop business. The people you need to hire are for the following positions:

• Floor Manager
• Supervisors
• Promotional Head
• Stock Manager
• Sales Representatives

Other departmental duties include-

• Maintenance

Business Insurance For An Electronics Store In India

Nothing in life is predictable. Accidents can happen to anyone whether big or small hence insurance is important that can cover all the damages. The insurances are an altogether separate wing with different types. Some common insurance policies that are offered for an electronic shop business are-

• Electronics store Crime insurance
• Electronics store Cyber liability insurance
• Electronics store Worker’s compensation
• Electronics store commercial auto insurance
• Electronics store business property insurance
• Electronics store general liability insurance

You can get them from private companies or government agencies. 

Business License & Application Requirements For An Electronic Shop Business

A license gives a legal authorization on every product you sell, the exceptions being:

• If your store’s display space is less than 20% of the total display space, a license won’t be required.
• If you’ve less than 30 electronics for display or sale, a license is not needed.

Mandatory requirements for the application include-

• Sales Tax Identification Number
• For only electronics services- Electronic and Home Appliance Service Dealer License (2 years validity)
• License Number
• For selling second-hand electronics- Second Hand Dealer General License (2 years validity)

Since the electronics business falls in the category of retail businesses, you would have to obtain a state license for the same. So why do we need a license? Licenses act as a legal document or authorization that all businesses and the products you sell. Not all business requires licenses but you definitely need the following conditions:

• If you have less than 30 electronic goods for sale or display, then you do not need a license.
• Measuring in linear feet, if the display space of the store is less than 20% of the total display space, there is no requirement for a license.

Requirements for the application

To get an electronics store license, the following documents or legal identities will be required.

• License application

Again, there are two more subdivisions in the licensing part. If your plan is to offer service for the electronic good, you would need an electronic and home appliance service dealer license.

If you are selling second-hand electronics goods, you would need a second-hand dealer general license. These licenses have a validity period of 2 years post which you would need to renew them to continue the business operations. 

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Online application process.

Three things that are required for the final stage of getting an EIN (Employer Identification Number)-

• Online Application
• Eligibility check

Make sure all the necessary documents are with you before you apply and this is a very important step as it might cause rejection during the process if you pause or take too long to fill in the form.

The check covers TIN, the location of the business, and other conditions pertaining to ownership and limitations of EIN applications. It is a single-session application process where resuming back to the webpage is impossible.

Once you submit, the verification process is initiated. Verification is done with the TIN you provide and the advantage of an online application is that you get the work done immediately. You get your EIN after verification and all you have to do is print it with the downloaded copy.

Also Read: Business Ideas in Mumbai

Maximize Your Online Business Potential for just ₹79/month on Lio. Annual plans start at just ₹799 .

How Can Lio Help In Starting An Electronic Shop Business?

Lio is a data organization app that not only arranges your data as per your preferences but also makes them available over the phone and to various users.

When an entrepreneur would first start their electronic shop business, they will just have a few workers, which means everyone will be working beyond their potential.

The business owner may keep track of time using Lio’s timesheets. Utilizing an app like Lio that can record employee timesheets would benefit not only employees but also management staff.

Lio also enables members and workers of a company to access a variety of data, services, systems, and other resources without having to look for them on a storage device or in multiple cloud storage places.

They have real-time access to and can analyze the data being collected. Any employee may immediately review the data they are keeping in the centralized repository.

Step 1: Select the Language you want to work on. Lio on Android

Step 2: Create your account using your Phone Number or Email Id.

Verify the OTP and you are good to go.

Step 3 : Select a template in which you want to add your data.

Add your Data with our Free Cloud Storage.

Step 4: All Done? Share and Collaborate with your contacts.

Yes, the competition in this field is a lot but if you decide on opening a franchise electronics shop, it is going to be a much better decision that would ultimately lead to good growth and a lot of success.

Studies have already revealed that the success rate of franchise businesses is 95% compared to the success rate of startups, which is 15%.

Hence starting your own electronic shop business would be a much better idea if done properly and if you follow all the above-mentioned instructions.

F requently Asked Questions (FAQs)

How much does it cost to open an electronics store in india.

It all depends on the location. In a big city, it can cost anywhere around INR 10 Lakh and above. In a small town, it can cost around INR 1 lakh.

Can the electronic shop business be profitable?

Yes, they are pretty profitable as there is an advancement in the technological upgrades and electronics sector.

How do I start a small electronic business?

The basic steps to be taken are:

Analyse your Existing electronic businesses Raise funds, find proper investors or get a loan Curate a solid & competitive business plan Know all requirements of electronics suppliers

How much is the margin in electronics?

Depending upon the type of products, for example on an average mobile phone you can earn up to 5-7% of margins.

How can I get an electronics dealership in India?

These are the ways through which you can get a dealership in India:

Before signing the wholesalers, do a quality check. Buy a bulk wholesale list. Enrol on local trade shows. Use powerful engines like Google Obtain Bulk Orders from companies exiting the industry. Utilise Yellow Pages. Buy from Big International Companies.

What is the importance of a franchise disclosure document?

This document is important as it contains important details all related to the franchise and how it functions. It is important that the store owner reads and gets aligned with all the details.

Benefits of Attendance Tracking System in Businesses

Know All About How To Start A Taxi Business In India

I’ve always wanted to launch my own company. I now have a very clear vision after reading this article. Thank you so much. Please write more about related topics.

Hello Diana,

The lovely words are greatly appreciated. I am delighted that my post piqued your interest and aided you in launching your firm. I’ll write more about related subjects for sure.

Best of wishes for your success in this new endeavor.

Please list a few benefits of a retail partnership. Please keep it short and simple.

Hello Indira,

Retail partnerships have a number of benefits, including empowering your customers, expanding your customer base and luring new ones, utilizing customer evaluations, boosting sales and conversion rates, and providing better data.

Would you kindly provide me with some simple info on how to calculate average sales in the right manner?

Hello Jitendra,

The total sales for the time you want to study and the period you want to use to calculate your average sales are two different things. Average sales can be calculated on a variety of time scales, including daily, weekly, monthly, and even annual basis.

You may easily get the total amount of all sales orders inside the selected timeframe and divide by the intervals to determine the average sales for your chosen period.

Can you please give me some advice on starting a mobile shop? I won’t be able to start a store selling electronics, but perhaps very soon. But with my mobile shop, I’m confident.  Please assist if you don’t mind. Thanks in advance.

Hello Madhupal,

Without a doubt, one of the best small business ideas to start in India is a mobile shop. A well-run Mobile Shop earns an average net profit of 20% on daily sales. Make sure you build a solid business plan that includes all of the details on how to start a mobile shop . Best wishes for your new venture!

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Top 10 Profitable Business Ideas in Karnataka for 2023

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Are you looking for some profitable and low-investment business ideas in Karnataka? Do you want to start a small-scale venture in a rural area or a small town? If yes, then you are in the right place. In this blog post, we will share with you 10 business ideas in Karnataka that you can start in 2023.

Table of Contents

However, not everyone can afford to start a business in a big city like Bengaluru. Many people prefer to live and work in rural areas or small towns, where the cost of living and competition are lower. Moreover, rural areas and small towns have their own needs and demands that can be fulfilled by local businesses.

If you are one of those who want to start a business in Karnataka, you need to think about some keys such as:

• The need potential and call for your product or service
• The availability of raw materials, suppliers, and clients
• The legal and regulatory needs and keeping
• The initial investment and working costs
• The trade and promotion plans
• The risks and challenges involved

To help you out, we have compiled a list of 10 business ideas in Karnataka that you can start in 2023 with low investment and high returns. These business ideas are based on the current trends, needs, and choices in the rural and small-town needs of Karnataka. Let’s take a look at them.

10 Business Ideas in Karnataka

1. grocery/kirana store.

A grocery store   is one of the easiest and most common businesses in India. Every home in every village needs groceries such as rice, wheat, pulses, spices, oil, sugar, salt, etc. So, opening a Kirana store is a good choice for anyone who wants to start a business in Karnataka.

You can start this business with a small shop or your premises. You need to contact the suppliers or wholesalers of the products that you want to sell and stock them in your store. You can also sell other items such as snacks, drinks, toiletries, stationery, etc.

The initial investment for this firm can range from Rs. 50,000 to Rs. 2 lakhs depending on the size and place of your store. The operational costs include rent, electricity, wages, transportation, etc. The profit margin can vary from 10% to 20% depending on the products and the rival.

To thrive in this business, you need to offer good quality products at cheap prices. You also need to maintain good client relations and provide home delivery services if possible. You can also use digital platforms such as OrderZ to create your own online store and reach more customers.

2. Real Estate Agent

A real estate agent is someone who helps people buy, sell, or rent properties such as land, houses, apartments, shops, offices, etc. A real estate agent acts as a middleman between the buyers and sellers or owners and renters and earns a charge for every deal he or she closes.

Real estate is a booming business idea in Karnataka as many people are looking for marks for residential or retail purposes.

There is also a high need for rental effects as many people migrate from other states or countries to work or study in Karnataka. Therefore, becoming a real estate agent is a lucrative business idea in Karnataka for anyone who wants to start a business.

You can start this business with minimal investment as you only need a phone, a laptop or computer, an internet connection, and some contacts in the real estate market. You can also register yourself with online platforms such as OrderZ , NoBroker4, etc. to find more leads and clients.

The charge rate for real estate agents can vary from 1% to 5% depending on the type and value of the property. The working costs include phone bills, internet charges, travel expenses, etc. The profit margin can be high if you near more deals and offer good service to your clients.

To succeed in this firm, you need to have good communication skills, negotiation skills, knowledge, and networking skills. You also need to be honest, trustworthy, and skilled with your clients.

3. Retail Business:

A retail business is a business that sells goods or services directly to consumers. You can open a small shop in your village and sell products such as groceries, stationery, cosmetics, clothing, electronics, etc. You can sell online through a platform like OrderZ and deliver products to your customers.

You need to get the suppliers or wholesalers of the products that you want to sell and stock them in your shop or warehouse. You also need to register your firm with the local authorities and obtain the required licenses and permits. 

The initial investment for this firm can range from Rs. 50,000 to Rs. 5 lakhs depending on the size and location of your shop and the products that you want to sell. The working costs include rent, electricity, wages, transport, taxes, etc. The profit margin can vary from 10% to 30% depending on the products and the rival.

4. Apparel Store: 

An apparel store is a business that sells clothing items such as shirts, trousers, jeans, dresses, sarees, etc. You can open a small store in your village and sell ready-made garments or custom-made garments according to the preferences of your customers. You can sell online and deliver clothes to your customers through sites like OrderZ .

You need to contact the manufacturers or wholesalers of the clothes that you want to sell and stock them in your store or warehouse. You also need to hire tailors or seamstresses if you want to offer custom-made clothing. 

You also need to register your business with the local authorities and obtain the necessary licenses and permits. The initial investment for this business can range from Rs. 1 lakh to Rs. 10 lakhs depending on the size and location of your store and the quality and variety of the garments that you want to sell. 

The operational costs include rent, electricity, wages, transportation, taxes, etc. The profit margin can vary from 20% to 50% depending on the garments and the competition.

5. Dairy Business: 

A dairy business is a business that produces and sells milk and milk products such as butter, cheese, yogurt, paneer, etc. You can start this business by owning or renting some cows or buffaloes and milking them daily. You can also buy milk from other dairy farmers and process it into various products. 

You can sell the milk and milk products directly to consumers or through retailers or wholesalers in your village or nearby towns. You need to invest in some equipment such as milking machines, refrigerators, pasteurizers, packaging machines, etc. to produce and store the milk and milk products safely and hygienically. 

You also need to register your business with the local authorities and obtain the necessary licenses and permits. The initial investment for this business can range from Rs. 2 lakhs to Rs. 20 lakhs depending on the number and type of animals that you own or rent and the equipment that you buy or lease. 

The operational costs include feed, water, veterinary care, Transportation, Electricity, Wages, Etc. The profit margin can vary from 15% to 40% depending on the quality and quantity Of the milk and milk products That you produce and sell.

A bakery is a business that produces and sells baked goods such as bread, cakes, cookies, pastries, etc. A bakery is a popular business idea in Karnataka for anyone who loves baking and has a passion for creating delicious treats. You can open a small bakery in your village and sell your products to local customers or through an online platform like OrderZ .

You need to invest in some equipment such as ovens, mixers, moulds, trays, etc. to bake your products. You also need to buy the ingredients such as flour, sugar, butter, eggs, etc. from the suppliers or wholesalers. You also need to register your business with the local authorities and obtain the necessary licenses and permits.

The initial investment for this business can range from Rs. 1 lakh to Rs. 5 lakhs depending on the size and location of your bakery and the quality and variety of your products. The operational costs include rent, electricity, wages, transportation, taxes, etc. The profit margin can vary from 20% to 40% depending on the products and the competition.

To succeed in this business, you need to offer fresh and tasty products at affordable prices. You also need to maintain hygiene and cleanliness in your bakery. You can also create a unique brand name and logo for your bakery and promote it through social media platforms such as Facebook, Instagram, YouTube, etc.

7. Beauty Salon

A beauty salon is a business that provides beauty services such as hair cutting, styling, coloring, facial, manicure, pedicure, etc. to customers. A beauty salon is a profitable business idea in Karnataka for anyone who has a flair for beauty and grooming. You can open a small beauty salon in your village and cater to the needs of local customers or supply through an online platform like OrderZ .

You need to invest in some equipment such as scissors, combs, brushes, dryers, curlers, straighteners, etc. to provide hair services. You also need to buy the products such as shampoo, conditioner, hair dye, cream, wax, nail polish, etc. from the suppliers or wholesalers. You also need to hire some staff such as hairdressers, Beauticians, Etc. to provide the services.

You also need to register your business with the local authorities and obtain the necessary licenses and permits. The initial investment for this business can range from Rs. 2 lakhs to Rs. 10 lakhs depending on the size and location of your salon and the quality and variety of your services. 

The operational costs include rent, Electricity, Wages, Transportation, taxes, Etc. The profit margin can vary from 30% to 50% depending on the services and the competition. To succeed in this business, you need to offer professional and quality Services at reasonable prices. 

You also need to maintain hygiene and sanitation in your salon. You can also create a loyal customer base and offer discounts and loyalty programs to retain them. You can also promote your salon through social media platforms such as Facebook, Instagram, YouTube, etc.

8. Tailoring Service

A tailoring service is a business that provides stitching and alteration services for clothes such as shirts, Trousers, Jeans, Dresses, Sarees, Etc. to customers. A tailoring service is a good business idea in karnataka for anyone who has sewing skills and a creative mind. You can start this business by setting up a small workshop in your village and offering your services to local customers or through an online platform like OrderZ .

You need to invest in some equipment such as sewing machines, Scissors, Needles, Threads, Buttons, Zippers, Etc. to stitch and alter clothes. You also need to buy some fabrics such as cotton, Silk, Denim, Etc. from the suppliers or wholesalers. You also need to register your business with the local authorities and obtain the necessary licenses and permits. 

The initial investment for this business can range from Rs. 50,000 to Rs. 2 lakhs depending on the size and location of your workshop and the quality and variety of your services. The operational costs include rent, Electricity, Wages, Transportation, Taxes, Etc. The profit margin can vary from 20% to 40% depending on the services and the competition. 

To succeed in this business, you need to offer customized and quality Services at affordable prices. You also need to be punctual and reliable with your deliveries.You can also create a portfolio of your work and showcase it on social media platforms such as Facebook, Instagram, YouTube, etc.

9. Handicrafts Business

A handicrafts business is a firm that produces and sells handmade products such as pottery, paintings, jewellery, toys, etc. Handicrafts is a good business idea in Karnataka for anyone who has artistic skills and a passion for making unique products. You can start this firm by making your products or buying them from other artisans in your village or nearby towns. You can sell your products now to clients or through online platforms such as OrderZ , Amazon, Flipkart, etc.

You need to invest in some materials and tools such as clay, paint, brushes, needles, threads, beads, etc. to make your products. You also need to buy some packaging materials such as boxes, bags, labels, etc. to pack and ship your products. You also need to register your firm with the local authorities and obtain the required licenses and permits.

The initial investment for this business can range from Rs. 10,000 to Rs. 1 lakh depending on the type and quantity of your products. The operational costs include rent, electricity, wages, transportation, taxes, etc.

The profit margin can vary from 40% to 80% depending on the products and the rival. To thrive in this firm, you need to offer unique and quality products at cheap prices. You also need to showcase your creativity and originality in your products. You can also create a brand name and logo for your business and promote it through social media platforms such as Facebook, Instagram, YouTube, etc.

10. Laundry Service

A laundry service is a business that provides washing, drying, ironing and folding services for clothes and other fabrics such as curtains, bedsheets, towels, etc.to customers.

A laundry service is a profitable business idea for anyone who has access to water, electricity, and space. You can start this business by setting up a small laundry unit in your village and offering your services to the local customers or through online platforms such as OrderZ .

You need to invest in some equipment such as washing machines, dryers, irons, hangers, baskets, etc. to provide laundry services. You also need to buy some detergents, fabric softeners, stain removers, Etc. from the suppliers or wholesalers. You also need to register your business with the local authorities and obtain the necessary licenses and permits. 

The initial investment for this business can range from Rs. 1 lakh to Rs. 5 lakhs depending on the size and location of your laundry unit and the quality and variety of your services. The operational costs include rent, Electricity, Water, Wages, Transportation, Taxes, Etc. The profit margin can vary from 20% to 40% depending on the services and the competition. 

To succeed in this business, you need to offer fast and quality Services at affordable prices. You also need to maintain hygiene and cleanliness in your laundry unit. You can also create a loyal customer base and offer discounts and loyalty programs to retain them. You can also promote your service through social media platforms such as Facebook, Instagram, YouTube, etc

We hope that this blog post has given you some useful business ideas in Karnataka for 2023. As you can see, there are many opportunities and possibilities for entrepreneurs in rural areas and small towns of Karnataka. You just need to identify your passion, skills, and market potential and start your own venture with low investment and high returns.

If you are ready to take the plunge and start your own small village business in Karnataka, we have some resources and tools that can help you. You can use OrderZ to create your own online store and sell your products or services to customers across India.

So, what are you waiting for? Start your small village business in Karnataka today and make your dreams come true. If you have any questions or feedback, please feel free to leave a comment below. We would love to hear from you. Thank you for reading and happy entrepreneurship!

Vahitha Yasar

Web content writer at OrderZ, excelling in blog writing, proofreading, and creating engaging web content. Her versatile skills extend to crafting impactful social media posts and effective email marketing content for a comprehensive online presence.

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