How To Sell Goods Online From Home To Start A Small Business?

Table of Contents:

How To Sell Products Online In India?

Best Tips On How To Sell Products Online.

How To Sell Products Online- Advantages.

How To Sell Products Online In India?

In today’s world, technology plays a significant role in our day-to-day life. From the very beginning of our day to end, we are constantly utilising technology in some way or the other. As technology has integrated into our lives so profoundly, we are pretty sure that the future will be entirely digitised. Moreover, this pandemic has also made us realise the importance of going online more than ever before, as digital operations have become the new normal. Then, why not grab this opportunity to make some money and learn how to sell online from home?

Best Tips On How To Sell Products Online.

Well, we are sure that now the first question that comes to anyone's mind is, how to sell products online? This blog will provide you with a detailed answer to how to sell products online.

1- Think of an Idea/Product That You Can Sell Online

Our first online selling tip is that you would need a unique product that you make or purchase locally, and sell online making some margin of profit for yourself. If you already have an idea, well. That’s a great start! But, if you're looking for a product to sell online, here are some ideas that you can kick start your business journey with:

• Look for a product that can offer solutions to most people’s day-to-day problems.
• Look out for any regional products that can be used in the region you live around. For example, if you live in Rajasthan, a business of Jaipuri print bed sheets can be a good choice for you.
• If you want to skip the boundaries of a specific region, think of a product that anyone and everyone can use. Some good products in this category could be decorative items commonly used at homes & offices.
• If food is what you love and enjoy making, you can set up a cloud kitchen and start selling through delivery partners like - Zomato & Swiggy

2- Check out the Product’s Feasibility, Demand, and Profit Margin

• Feasibility: First and foremost, whatever you plan to sell must be feasible for you to collect and assemble. If the product in your mind is not convenient enough for you to ship or assemble, look for something else and save your time and money.
• Demand: Always check for the demand for your product or for something similar to that in your region. If there is no requirement for something right now and you try to sell it, it won’t work. Business runs on demand and supply. Choose products that are high in demand.
• Profit margin: The core objective of doing any business is to sell and make a profit. After all your expenses in manufacturing, transporting, delivering, and paying bills, tax, and staff salary, you must be left with a handsome amount of profit to maintain the growth of your business. Choose a business that can get you the profits your hard work deserves.

3- Setting Up An Inventory

You will need to set up a godown or storeroom where you will store your final product. It is essential to have stock of your product so that you can meet the demand of orders. While setting up a place to store your inventory, ensure the storage space protects your product from any kind of damage.

4- Choose The Right Platform To Sell

There are a large number of e-commerce websites to take your business online. Shopify, Amazon, eBay, Flipkart, MyDukan, any social media platform like Instagram, Facebook are some great examples to support small business ideas. If you feel the need, you can also launch your website or app and contact a third-party delivery agency, to begin with.

Whichever way you would like to go forward, make sure you clearly understand the terms and conditions of partners. Moreover, you must also ensure that your e-commerce websites’ return/refund policy matches customer’s expectations. Also, look for commission charges they cut for selling your product on their platform as it also affects your business’s overall profitability.  

5- Get Your Team

Best business ideas work with the right team. To start any business, you would need a team that can work with your vision. Help from any other individual can be required to look over accounting, manufacturing ( if required ), marketing, and operations. A small team of committed individuals working with internal cohesion lies at the heart of a business’s success.

6- Planning Your Marketing Strategy

Now that you are ready with a setup and a team to start selling, you would need to do one more thing, which is reaching out to your potential customers through effective marketing. Here are some quick tips to start planning your marketing strategy for how to sell products online with the following:-

• Give a detailed description of your product to the target audience. Tell your customer how your product will help them and why they should choose it to connect with your brand.
• When it comes to digital marketing, use keywords to describe the products that you would use to search for any product similar to your product. You could use google keyword to find out keywords search volume and keywords with long-tail search, which are more specific to your unique brand.
• Always add good pictures of your products. People should know what they are buying by looking at the picture, and it should look attractive. This is the easiest way to stand out in the market as pictures do talk to the customers.
• If you are planning to launch your website or app, make sure it is user-friendly, has more pictures, is easy to navigate from one page to another, and most importantly, it should be mobile friendly as that’s where your site will be viewed most.
• Use social media marketing like running advertisements and influencer marketing.

7- All set to Go Live

Now that you have come up with a great idea and checked out the basic checklist, you are now all set to start your business online. This checklist of how to start a small business may seem long, but it is the one you need to get going on the path of a successful business.

How To Sell Products Online- Advantages.

• Reach out to a vast customer base: Taking your business online makes it easier for you to reach people in different regions.
• Easier to manage: Online businesses require less effort as it does not require you to establish any physical shop. For an online business, you could use various third-party applications for various purposes. For example, you could use OkCredit’s bahikhata app for managing accounts of your business through mobile phones.
• Work from home: With an online business, you can start it at your own home with minimal setup and work in the comfort of your home. You also save a lot of infrastructure expenses.
• Does not require much staff: For a business that sells online from home, the human resource requirement is less.

Also read:

1) Online Business Ideas You Can Start Quickly
2) What online business can I do to make money? Here are the top-6 ideas for you.
3) Where Do the Best Business Ideas Come From?
4) Best Home Business Ideas in 2020
5) OkCredit: All you need to know about OkCredit & how it works.

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FAQs

Q. How does selling on other sites work?

Ans. First, you would require to set up a business/selling account on whichever site you choose to sell your product. They will ask you to upload your product details for customers to view. Then, whenever a customer places an order for your product, you will be notified to ship it to the customer’s address; the partner site may also pick the package from you and deliver it to the customer, whichever way they work, or you opt to work. After all this, the partner site will deposit the payment in your account after deducting a pre-decided fee.

Q. What credentials would be required to set up a business account?

Ans. Although it depends on the site you choose to sell your product online, but few basic requirements would be: your identity proof, your business details, bank account details, product details, e-mail, mobile number, office/storage address, GST details (if you are listing any taxable goods)

Q. Do I need to have a physical shop as well to sell online?

Ans. No, it is not necessary. However, you will be required to have an office address from where delivery partners will collect packages for delivery. This office address will also work as the place to reach you in case of an emergency.

Q. Who decides the price of a product?

Ans. As a seller, you will decide the price of your product. The website you are listing your product on will take a fixed percentage of the price as a commission fee, which will be mentioned in the terms and conditions of the partner agreement.