Steps to Start an E- Business

Steps to Start an E- Business

The following are the initial steps involved in the process to start an online business and start selling items instantly:

● Business structure and Registration

Operating an E-Commerce or E-Business does not exclude from requiring certain business licenses and permits. The company must be registered before starting the trade. Registration includes business name, trade name, type of company. (e.g., Private Ltd, Public Ltd, Partnership or Sole Proprietor, LLP - limited liability partnership etc.) The company must be registered to get the bank account opened in the company name and obtaining GST registration documents easily. Any one is allowed to enroll in an online platform and start selling immediately, but there will be no limited liability protection provided to litigation. Thus, if one need to sustain and grow it is best to start with an LLP or a company. http://www.mca.gov.in/

● Tax Registration

Taxation is unavoidable in any country. A company must have registered with tax department of the concerned nation. In India registration with GST and other tax norms is a necessary to begin selling online, it does not matter whether we are starting our own online business website or selling on a others’ portal. https://services. gst.gov.in, https://ctd.tn.gov.in/ home

● Business Bank Account

Bank account facilitate payment systems. Once the company or LLP is registered successfully, the next step is to apply for a bank account in the name of the online venture. GST certificate is necessary to open a bank account for a business firm.

● Payment Gateway

The next important step is to implement a payment gateways integrated with E-Commerce website to allow customers make their payments through credit card, debit card, Internet banking, etc. With digital payment gateway, the customers can make the payment online which automatically gets transferred to business’s bank account.

● Shipment Solution

Once the above steps are accomplished and start receiving the order, the next step is to set up the logistics section. Logistics is a major part of the E-Commerce. Third party logistics companies may help us to deliver sold products to the customers at their mentioned destination.

● Identifying suppliers

Global market space comes along with competition in selling products online. so finding the best quality and best prices for the products we sell is very important. We should shop around until we find a supplier we find a suitable supplier.

● Marketing

Marketing plays a significant role in any business. Using Internet and social media effectively will take out product worldwide. Marketing could be started as early as it could be. Catchy captions and logos attract more new customers. It’s a good idea to set up social media profiles and writing content for blogs from very first day because we do not want to wait when it is ready to serve.

● Right technologies

Updating our technical knowledge will give hand in E-Commerce. Technology makes so much of our work easier. So before we start our E-Commerce business, we should be familiar with some of the basic entities like customer relationship management, accounting, project management, email and marketing etc. The deeper we learn, the greater we grow..