Confused about how to start online business in India? Read ahead…
India has the fastest growing online market in the world and it’s right time to start online business in India.
If you are planning to start online business in India in 2020, this blog post is for you and here you will be learning everything from basics to advanced stuff about starting and growing your online business.
Often people think that starting online business is very easy and it doesn’t require any investment. Unfortunately, this information is half true.
Why you must read this blog before you start business online?
If you have seen many videos online or blogs about starting online business, more than 80% of blogs and videos are created either to sell you hosting or affiliate products.
None of those blogs of videos give you complete information
Before you start your online business or launch an e-commerce store, it’s important to understand the basics and fundamentals.
Let’s begin our journey to starting online business in India
Why start online business in India?
As per ibef website, E-commerce has transformed the way business is done in India. The Indian E-commerce market is expected to grow to US$ 200 billion by 2026 from US$ 38.5 billion as of 2017. Much of the growth for the industry has been triggered by an increase in internet and smartphone penetration.
Main reasons to start online business in India:
- Mobile and Internet users are growing in India.
- Indian E-commerce market is expected to grow to US$ 200 billion by 2026
- India is the fastest growing online market in the world.
- The Indian e-commerce industry is growing at an annual rate of 51%
- A study by Assocham and ComScore has found that India is one of the top three fastest growing Internet markets globally
What is Online business?
Don’t ignore basics and fundamentals
First step to start online business is to understand what is Online business and how does online business work.
Many people assume that online business means, selling products online on Amazon, Flipkart or via other e-commerce business. Well, real meaning of online business is more than selling products and services online.
Defining online business is more difficult than explaining what is online business with examples.
First thing, there is no proper definition of online business.
Online business is a business model where business activity like buying and selling of products or services happen online via Internet.
You may have fully online business model or hybrid business model where you may have offline + online business.
Example, can be a pizza store who are serving pizza in their restaurant and also taking online orders and delivering pizza.
Benefits of online business in India
Compared to traditional business, starting and growing Online business is easy if you have right product or service and profitable business model.
There are many benefits and advantages of doing business online
The bottom line is …
Anyone can start an online business. If you have a unique product or idea, you can find a way to sell online. It’s just like a traditional ‘bricks-and-mortar’ business, except your office or shop is online.
It’s easy to start online business in India with low investment but not easy to grow business and make profit. Before you even start your online business or invest money in platforms, read enough, do proper research about the business you are planning to start and the best way to get started is by learning and having a coach who will guide you at every step.