- How to decide upon selling on eCommerce ?
It’s been five years we are experiencing this new trend of buying and many large task capitalist's are betting their pile of money on it. Rather already growth of industry is being anticipated to be at almost stunning 42%. Question for any small and medium manufacturers now a days is whether to promote their merchandise on-line or not? And in that case how could they start promoting their merchandise online and take proportion of profits in growing eCommerce business.
- Criteria for your product to be fit for marketplaces.
1) Your product should be easy to ship – This is
the first and most important criteria for your product to be sold online. As
courier companies now a days are making it possible to ship products like heavy
furniture but at same time everybody is carrying huge risk with handling of
this product. One single scratch on brand new furniture item could cause the
rejection of product. It makes sense to sell products whose weight is less than 20 kg.
2) Availability of product in local market –
Products which are readily available in the local market are hard sell on
marketplaces. To increase sell you will have reduce your profit margin and give
away discounts. Which can never be a strategy for a successful business. More
over products which are rarely available in local markets are much hyped on
marketplaces.
3) Age group customer to be targeted – you should
study in detail who all are your potential buyers and whether they are capable
enough to buy your product online. If your selling fashion accessories keeping
teenagers in mind then it is mandatory on your part that you allow these good
to be sold on cash on delivery as most of teenagers doesn’t have credit card or
net banking facility of their own. Target your audience research about their buying capacity.
4)
Restrictions and regulation – There are many
categories in India are restricted from selling them online. You should check
all the necessary certification for your documents if your planning to sell
packaged food products. Any mandatory authentication required if your selling
electronics items. So prior to selling online you should list down all the
mandatory certification your product need to put it on marketplaces.
5) Inventory – If your product doesn’t have enough
inventory or scalability it will be difficult for you to fulfill the orders. It
ultimately lead to poor seller ratings and you will end up paying for
cancellation charges. Find out scalability of your product. And maintain
inventory according to it.





