How to Start an E-commerce Marketplace in India?

India’s e-commerce market is increasing at a wider range and at a very rapid pace. And, letting sellers sell their products and services online without any requirement of owning any physical store. But, do you have any idea what is actually needed to begin with the e-commerce marketplace? The major aspects that are needed to begin the e-commerce marketplace are hosting, SSL, domain, inventory management, payment, shipping, and many more things.

These are all the common considerations before we need to start the e-commerce marketplace no matter in which geolocation you are going to start it out. Buyyourkart is catering the clients all around the globe and provide best e-commerce development services to its customers and for their businesses. Before giving the actual picture to your e-commerce marketplace business, you must need to consider the other factors which are based on the country to start an e-commerce marketplace.

An important consideration for the e-commerce marketplace

There are some major factors that one must consider while starting the e-commerce marketplace in India as described below as:

·         Payment processing

E-commerce the marketplace is all about the multiple vendors and transactions that are different from the typical e-commerce business model. All this makes the payment processing as one of the most complex and crucial section of the e-commerce the marketplace which must be planned appropriately.

·         Shipping

By providing convenient shipping service to your customers is equally crucial as providing the payment option to them. Therefore, you must have to choose the logistic option which charges the reasonable price to ship the product that depends on the size and weight of the product.

·         Taxation: GST

As far The Indian government is quite focusing upon the digital transformation. Therefore, the commerce industry will be increasing the maximum benefit under Goods and service tax called GST. For your e-commerce business, you need to register for GST another taxes under the government of India.

·         Government selling norms

The Indian government has tightened the e-commerce norms for the online marketplace as the companies or entities are restricted from buying more than 25% of the inventory from the single merchant. The e-commerce companies must have the equity participation or control on the inventory or any other entity. Online marketplace the entity will not give direct or indirect discounts or manipulate the product prices.

Conclusion

For the Indian e-commerce marketplace, there are many options available in the market that users can opt for and start their e-commerce platform.

For more details regarding e-commerce development solutions or to create e-commerce websites, you can directly reach us at Buyyourkart.com.