Beginner's Guide to Ecommerce Solution Companies in India

Introduction

E-commerce companies have made it simple, quick, and effective to order food, books, clothes, electronics, or a mix of all, at the click of a button. In fact, about 2.05 billion people worldwide admit to frequently shopping online. Not only have consumers benefitted from this, businesses too have blossomed to adapt to this way of selling, finding new and innovative ways to appear in front of the consumer and get added to their ‘shopping cart’.

The Economic Survey of 2017–2018 stated that India's e-commerce business was worth $33 billion, representing a 19.1 per cent gain over the previous year.

Here is a step-by-step guide on how to create your own e-commerce business by taking the help of the best e-commerce solution company in India.

Find the ideal business strategy

When you have a fresh idea for an online store, the first thing you need to do is to determine its viability and conduct the necessary research to make it a reality. To decide on your specific business, you should look at various other running businesses, products and service types, and areas in the e-commerce industry that interest you, similar to what you'd do while opening a restaurant.

There are two different business model types available. There are two kinds of online stores available: single seller- and multi-seller.

• Single Seller

The advantage of this business model is that it simply consists of two entities —a single vendor who sells its goods, and the other - customers. The advantage of this is that there is only one payable supplier, operating costs are lower, and inventory is better managed. The disadvantage is of course that it's not easy to follow a transaction between the two entities.

• Multi-Seller

In this strategy, different sellers sell their goods to different buyers after registering with your platform. Here, you have a choice between running your own online store to sell your own distinctive products or opening a store where other vendors can sell their products, like on an aggregation platform.

Register Your Company

The next stage is to come up with the ideal name for your brand after deciding on the business model, products, and target market you want to sell to. It's also time to finalize a logo design for your company. At this point having onboard with you a good e-commerce portal design company would make things smooth and logical for you.

The next step is to decide the legal framework of your business. Select the legal foundation for your company. The business entity type you select for your e-commerce business should into account take both the legal and financial aspects. Your options for the legal entity are typically between setting up a Limited Liability Partnership (LLP), a Private Limited Company, or a Sole Proprietorship.

Each of these organisation types has advantages and disadvantages, so it is important to seek legal advice from an attorney or another legal professional to decide which is the best option for your company.

Establish Your Website

Your e-commerce website, like a real storefront, will be the face of your company. Your e-commerce website is what your customers will first see and use to find and buy your goods or services. So, the development of your website should be among your topmost agendas. The foundation on which you build and grow your online store would be the front-end experience and back-end infrastructure your e-commerce business is based on. It would be done using an all-in-one software like Shopify or with an open-source software like Magento. Most e-commerce platforms allow you to customise your template, add your domain (or buy one), manage inventory, take and ship orders, accept payments, and more. Having with you a recommended e-commerce solutions companies in India would help you setup a strong base for your business, to allow unhindered growth and success.

Select Your Payment Methods

When building up your fully functional online business, you must make sure that it allows online purchases from your customers. Payment options come in a wide range of sizes and forms, and they vary from company to company. The ideal payment method should still appeal to your clients while maintaining the core values of your company. It will be considered an important step in achieving profitability and success.

Promote Your Business Online Store.

You must successfully market your e-commerce company if you want to grow your customers and have an online presence. The average cart abandonment rate is 69.2 per cent, indicating that engaging customers is not always simple. It takes time and a variety of marketing strategies to reach your audience and increase revenue. A seasoned e-commerce solutions provider is needed to help you navigate these tricky waters.

Conclusion

An e-commerce business is appealing to would-be entrepreneurs since it is considerably easier and less expensive to expand operations if necessary. You must take a few essential actions if you want your business to succeed online.

At Sudha Solutions, we are always here for you. We are a full-stack e-commerce solutions provider, covering all aspects relevant to the success of your business. Feel free to contact us in case of any help. We are one of the best UI & UX Design Companies based in Borivali.

An e-commerce business is appealing to would-be entrepreneurs since it is considerably easier and less expensive to expand operations if necessary. You must take a few essential actions if you want your business to succeed online.