How to Sell Your Products on Flipkart
How to Sell Your Products on Flipkart
If you are looking for an opportunity to earn money with minimal investment and experience, then Selling on Flipkart is the perfect fit for you. Flipkart offers shipping and logistics support, charges a commission on the sale of your products, and is a great place to boost your sales. The process is quick and requires minimal knowledge of product selling. In addition, you will receive spike sales as soon as you make a sale.
Selling on Flipkart is a business that requires minimal experience
The online marketplace Flipkart offers opportunities to sell products to more than 100 million registered users. The platform has become the flag bearer of the Indian ecommerce story and has made deliveries to some of the most remote places in the country. Even though selling on Flipkart requires minimal experience, you should keep the following tips in mind to succeed. First of all, you need to get more traffic to your products. The more people who see your ads, the higher your sales will be.
There are many advantages to selling on Flipkart. First of all, the company takes care of all logistics. You do not have to worry about shipping costs as Flipkart has partnered with courier services. You don't have to worry about packaging the products because Flipkart offers all the materials and training necessary to pack products. Furthermore, you don't have to worry about inventory management as Flipkart will handle the process for you. The best part is that you can start selling at a relatively low cost. In addition to the low startup costs, selling on Flipkart can be profitable even without prior experience.
You will need two kinds of documents to start selling on Flipkart. For sole proprietors and private limited companies, you will need to fill out the seller registration form on the Flipkart website. This form will ask for your name, address, and OTP (one-time password). You will also need to select your Primary Selling Category, Pickup location, and product category. After you've filled out your registration form, you'll need to supply bank details and business details.
It offers shipping and logistics support
Shipment and logistics are critical aspects of online business. As a seller, you must follow a set of order fulfilment principles. For example, you must purchase goods from vendors that participate in the benefits program. Your packaging must have the Flipkart logo. You can also use a shipping and logistics service to get products to your customers quickly. Whether you ship a product to a consumer or use an in-house service, Flipkart has the right solution for you.
Once you've selected your products, you'll need to decide how you want to ship them. Some items need to be shipped immediately. Others have a longer shelf life and require more storage space. In addition, seasonal goods have a high risk of wastage. The next step is choosing the right business registration. Before you start selling, it's essential to register your business. Registering your business on Flipkart ensures that your products have the proper information to process payments and fulfill orders.
The shipping and logistics support provided by Flipkart is vital to your business' success. The platform provides packaging support, materials, and training. A partner shipping partner will pick up and drop-off your products. If you need to ship a large order, a shipping and logistics partner can help. Flipkart will deduct the cost of shipping from your sale price. You can choose from three shipping categories: Local, Zonal, and Global. Local shipping is meant for local deliveries within the city, and Zonal shipping is for goods across the country or zone boundaries.
The shipping and logistics support offered by Flipkart includes receiving and packing new orders, adding a shipments label, and despatching them. The platform also tracks the orders until they are delivered. It also deducts shipping fees and payments. For your convenience, the marketplace offers a payment option through NEFT. Sellers can specify their payment amounts on the dashboard of the website. Once the payment has cleared, the platform will process the order.
It charges commission on a percentage basis on each sale
Amazon charges sellers a commission on each sale. This commission depends on the type of product and category. Other costs associated with selling a product are marketing expenses, shipping fees, and cash handling fees. The exact percentage of commission varies depending on the product category and seller status. A percentage of commission on each sale can be anywhere from 5 to 20 percent. The amount of commission varies depending on the product category, the product's weight, and the method of payment used by the customer.
In addition to the commission for using the Flipkart marketplace platform, a fee for listing products on the site is also charged for each sale. The commission amount varies according to the product category and selling price. For sellers who want to sell more than one item on Flipkart, the commission fee can be customized in the Eshopbox. However, it is important to remember that this fee is not paid on returned products.
In addition to a fixed commission rate for sellers, Amazon also makes significant investments in the Indian market. Last week, Amazon invested Rs 2,800 crore in its India unit, Amazon Seller Services, bringing total funding to more than $5 billion. And Amazon has committed another $5 billion to India over the next four years. With this infusion, the company plans to increase its presence in the country. The company will charge sellers a minimum of 5% commission, but a percentage based on product value will be higher.
Once the payment has been received, Flipkart will charge a collection fee on the item that was sold. The fee depends on the order value and payment method. If the customer returns the item for some reason, the buyer won't receive a refund. In addition to the fixed fee, Flipkart also charges a collection fee for each order. The amount is calculated by calculating the selling price of the item, including shipping charges.
It offers spike sales
Product listing ads on Flipkart can help you generate more sales but have mixed results. Though being featured in the search results will increase traffic and your sales, you might not be able to capture the full potential of these ads. For a successful campaign, you should take care of issues like product returns and customer complaints. Flipkart organizes spike sales during festive seasons and other times when the inventory is low. This is a good time to make a sale and get more traffic to your store.
During these spike sales, Flipkart offers discounts and deals for all its sellers. The sale is one of the best times to promote your product on Flipkart, as the website and mobile application attract huge traffic. The sales during spike sales can help you establish your status as a gold seller. During the spike sales, the sale of your products is boosted and your sales will increase significantly. During these sales, you can also offer freebies to customers to boost the sale.
The dashboard of Flipkart allows you to monitor your sales and determine what items are best-selling. It also allows you to download data charts so you can analyze them offline. This information can help you change stock quantities or increase your revenue. Flipkart also helps you identify which products and towns are generating more traffic, and which ones are getting the most sales. It is important to remember that these deals can increase your sales significantly!
Stocking inventory is an important part of running a successful eCommerce business. When it comes to selling products on Flipkart, you should keep enough stock so that you can meet any spike sales demands. The next step is to select a business registration. Online shopping portals require businesses to register their products, so it is imperative to keep the stock of your items in check. If you have a healthy inventory, you can effectively address spike sales and boost your sales.
It charges fees on payment modes like prepaid or COD
Although prepaid and COD payments are the most preferred methods of payment, the startup does charge additional fees on these methods. The courier companies retain the money for two to four weeks after delivery, putting pressure on the cash flow of a young company. However, COD is also a hassle for many customers, who prefer to shop online for pricing, selection, and convenience. So, how does Flipkart handle these challenges?
Earlier, Flipkart offered free COD and prepaid options but later dropped them. But it recently restored them. Moreover, it has also issued a guideline for sellers regarding the payment methods. In an email to sellers, the e-commerce giant says that COD orders account for about 60 percent of all e-commerce transactions in the country. Whether or not this is a good move is unclear, but the company is trying to make it easier for buyers.
However, some e-tailing players are moving towards prepaid payment options. Flipkart has also put fees on payment modes like prepaid or COD to discourage cash transactions. However, this is unlikely to change anytime soon. The company wants to make prepaid transactions as the default payment option for its shoppers and offer lower transaction costs to consumers. And for its part, the All India Online Vendors' Association has welcomed this move.
In addition to this, Flipkart also charges collection fees on every order. The fee varies with the order item value, payment method, and payment mode. However, the fee varies between 2% and 25% of the selling price. In addition to this, the commission rate on COD and prepaid payment modes is not the same. It can range anywhere from 2.8 percent to 25 percent, depending on the selling price of the product.