HOW TO START AN ONLINE BUSINESS IN INDIA 2019
HOW TO START AN ONLINE BUSINESS IN INDIA 2019
In this article I will tell you how you can start your online business in India 2019. With the dawn of the digital age, we have moved everything from your daily shopping to cash payments to an online platform, which is able to serve all your needs in the same way as a retail store. To stay in line with the current day trend, many retail stores are expecting to transfer their business online. To be successful, an e-commerce business needs the proper mix of the right content. So let's get started.
How to start an online business in India 2019 :
1. Build a Business Plan and Model for Online Business - Create a Business Plan and Model :
The more business planning is required to set up an offline business, the more a proper business model and planning is required to set up an online business. Without a strong plan, the likelihood of failure is extreme, that in a competitive world, not being prepared can lead to risk.
2. Secure Funding and Money for Your Online Business - raise money for your online business :
Capital is like the blood of an organization. You need the right amount of capital to expand and grow your organization. With very little capital you will end up with stunted development. With additional capital at your disposal, your organization will spend insufficiently on wasteful buying and marketing campaigns. This is important to increase the right amount of capital.
You can access various sources of funding depending on your needs. For a small amount of capital you can contact your family members, friends or even your neighborhood bank. If the amount you require is more than 10 lakhs then you can opt for seed funding from venture capitalists.
3. Choose the Best Web technology for Online Business - Get the Best Web Technology :
The technology used to build websites is constantly evolving. Websites are developed using various web frameworks and tools. To determine your needs you need to consult an experienced web developer and then start designing your website. Open source web technologies open source web organization can be customized to one's needs as opposed to proprietary software. Most of the popular websites today are built using open source technologies such as WordPress, PHP and Java.
4. Obtain an online payment gateway for start online business - get online payment gateway :
You will need to accept payment via debit card, net banking and credit card on your website. PayPal is a digital wallet that can be used to accept payments from international customers. To collect money from home buyers residing in India, you need to sign up with a home payment gateway such as CCAvenue or Bill Desk.
5. Company Registration and Securing License - Get company registration and license :
Before starting an online business in India you should obtain Pvt Ltd Company Registration, Partnership or LLP registration in India as these are considered most suitable as a business entity in India. Also, you need to secure a Shop Act license or Gumasta in Gujarat and Maharashtra and GST registration in India. To obtain these licenses and registration, you can contact a legal service provider or CA, CS and ICiva firm.
6. Integration and Setup :
After completing all the above steps, you can finally integrate the various components you have finalized. Setting up your first online business now a days is quite easy and can be done using website builders. You will also need to purchase a .com / .in domain name with web hosting. You can create your first website with an investment of only Rs 3000.
Conclusion :
I hope you liked this article on how to start an online business in India, after reading it you will have got complete information about how to start an online business in India. If you still have any doubt or confusion, then let me know in the comments section below. Your feedback will encourage me to write quality articles.
In this article I will tell you how you can start your online business in India 2019. With the dawn of the digital age, we have moved everything from your daily shopping to cash payments to an online platform, which is able to serve all your needs in the same way as a retail store. To stay in line with the current day trend, many retail stores are expecting to transfer their business online. To be successful, an e-commerce business needs the proper mix of the right content. So let's get started.
How to start an online business in India 2019 :
1. Build a Business Plan and Model for Online Business - Create a Business Plan and Model :
The more business planning is required to set up an offline business, the more a proper business model and planning is required to set up an online business. Without a strong plan, the likelihood of failure is extreme, that in a competitive world, not being prepared can lead to risk.
2. Secure Funding and Money for Your Online Business - raise money for your online business :
Capital is like the blood of an organization. You need the right amount of capital to expand and grow your organization. With very little capital you will end up with stunted development. With additional capital at your disposal, your organization will spend insufficiently on wasteful buying and marketing campaigns. This is important to increase the right amount of capital.
You can access various sources of funding depending on your needs. For a small amount of capital you can contact your family members, friends or even your neighborhood bank. If the amount you require is more than 10 lakhs then you can opt for seed funding from venture capitalists.
3. Choose the Best Web technology for Online Business - Get the Best Web Technology :
The technology used to build websites is constantly evolving. Websites are developed using various web frameworks and tools. To determine your needs you need to consult an experienced web developer and then start designing your website. Open source web technologies open source web organization can be customized to one's needs as opposed to proprietary software. Most of the popular websites today are built using open source technologies such as WordPress, PHP and Java.
4. Obtain an online payment gateway for start online business - get online payment gateway :
You will need to accept payment via debit card, net banking and credit card on your website. PayPal is a digital wallet that can be used to accept payments from international customers. To collect money from home buyers residing in India, you need to sign up with a home payment gateway such as CCAvenue or Bill Desk.
5. Company Registration and Securing License - Get company registration and license :
Before starting an online business in India you should obtain Pvt Ltd Company Registration, Partnership or LLP registration in India as these are considered most suitable as a business entity in India. Also, you need to secure a Shop Act license or Gumasta in Gujarat and Maharashtra and GST registration in India. To obtain these licenses and registration, you can contact a legal service provider or CA, CS and ICiva firm.
6. Integration and Setup :
After completing all the above steps, you can finally integrate the various components you have finalized. Setting up your first online business now a days is quite easy and can be done using website builders. You will also need to purchase a .com / .in domain name with web hosting. You can create your first website with an investment of only Rs 3000.
Conclusion :
I hope you liked this article on how to start an online business in India, after reading it you will have got complete information about how to start an online business in India. If you still have any doubt or confusion, then let me know in the comments section below. Your feedback will encourage me to write quality articles.
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