Will 'Start Up India' give wings to Online Business???

'Start Up India' is an initiative taken by the government of India to increase the number of entrepreneurs and to give support to the the budding entrepreneurs, provide financial, mentor and technical support for start up companies. The best part is that 'start up India' provides a free website, legal support, marketing and accounting support, co-workers, co-founders etc. when needed.

'Will Start up India help in increasing online business?' is the question. The answer is yes. The 'start Up India' program has already supported 26 start up companies in the Internet and Mobile domain out of which 24 are active, 8 are generating revenue. This itself speaks about the kind of support provided by 'Start up India' to the online business.

As far as E-commerce goes, the 'Start Up India' is like a boon to an aspiring entrepreneur, a budding entrepreneur or an entrepreneur struck with some kind of trouble. The Indian Start up program can be helpful to anyone who really has talent, a passion to achieve something, a zeal to succeed and with this kind of support, sky is the limit.

As online selling can be done from home, at flexible timings, with minimum financial support, this is a very good option to choose. If the plan is approved by 'Start Up India' then there won't be any boundaries where the online business can be expanded.

Online sellers choose SELLinALL to list products in major E-market places like Amazon, EBay, Flipkart, Shopify, FaceBook, Etsy etc.

What you need to know about Gross Merchandise Value

Gross Merchandise Value (GMV) is defined as the gross sales revenue generated over a period of time by an e-commerce platform before any deduction for fees or commission . It is used to track the growth rate of an e-commerce business since it measures the value of the total merchandise that has been sold through the site for a specific time period, quarterly, bi-annually, or annually. Gross Merchandise Value = Number of Goods sold x Price of goods sold This metric is useful for e-commerce businesses that buy and store the merchandise from suppliers and delivers to customers when purchases are made. However, it cannot be used as a standalone metric for all online retail platforms. For e-commerce sites that operate as a Customer-to-Customer (C2C) business, they do not physically manage the goods. The total commissions generated and accrued expenses, such as delivery fees, advertising, return expenses incurred are more important to track for this business model. This is also known as Gro...

5 Major challenges faced by e-Commerce sellers and ways to overcome it!

Based on a report by Google and Temasek Holdings, Southeast Asia’s (SEA) digital market could exceed US$200 billion before 2025. Southeast Asia’s digital economy is forecast to triple its size in the next 5 years. Read more on the challenges faced as a seller in the E-commerce marketplace, to help you decipher and be part of this immensely growing economy. E-commerce stores are on the rise due to a numerous reasons. As far as market association is concerned, E-commerce sites already have an existing network of buyers. So, selling your products becomes relatively easy as branding and advertising is already taken care of.As Sigmund Freud 's had rightly said “ I carefully consider my decisions as everything comes with pros and cons! ” Marketplace Management When it comes to South-East Asian E-commerce market, the most underestimated struggle is Fragmentation i.e. there are a number of e-commerce platforms in ASEAN countries attractin...

Buy Online, Pickup in Store

A National Retail Federation study on Consumer Views in late October 2019 revealed that70% of the survey participants would pay for a Buy-online, pick-up-in-store service (BOPIS). BOPIS has emerged as a convenient option not only for consumers but retailers that invested in brick-and-mortar stores. Growth in online retail sales was overtaking traditional brick-and-mortar retail before the pandemic and BOPIS was being adopted by top retailers. With the onset of the pandemic in 2020, a Digital Commerce 360 survey in late 2020 showed results that 43.7% of the top 500 retailers with physical stores were offering BOPIS — up from 6.9% before the pandemic started. BOPIS, also known as click-and-collect or curbside- pickup provides a safe, contact-free way to shop online and pick up the ordered items. In order to implement BOPIS, a retailer needs to implement the following tools: 1) A website or app where customers can shop and place orders for the products online 2) A brick-and-mortar locatio...