How To Make Money With e-Commerce Companies in India
You can get yourself registered for free of cost — There are no registration fees. Many people and sellers have already registered themselves with these portals-cum shopping sites and earning huge profit in thousands to lakhs. And if we talk about big sellers they are getting huge profit in crores. We all are aware and there is one thing very clear that more the sales, more the profit you will have.
How much one can earn with these portals can you people guess? Well, if we talk about sellers like WS RETAIL from Flipkart and Cloud Tail from Amazon their annual turnover is more than a thousand crores. For the financial year 2014-15 the annual turnover of WS Retails was 10 thousand crore. The most demanded products that you can sell with these portals are daily household products, apparel, jewelry, mobile phones, toys, shoes auto accessories and cosmetics etc.
Things that you will need for the registration as a seller on these portals are as follow:
We all know that a business name is very important and is a foundation to any start-up business in India and the World. You can have your own named business or any fancy name that suits your business. According to me, the name really doesn’t matter — what matters is the work that you do.
Permanent Account Number (PAN) card is mandatory for any kind of transactions over Rs. 10000, but here is it required for everyone, whether you are running an individual, private limited or Proprietary owned company.
You can apply for the PAN card from https://www.tin-nsdl.com/pan/pan-index.php
TIN number is also known as VAT/ CST number which should be same as the Business name. Tax Deduction Account Number (TAN) is required for the Tax Deduction Source (TDS).
In case if you are dealing in the categories of the good like Books, Handicrafts and Unstitched clothes, then there is no requirement of any documents like VAT/CST and PAN Card etc.