For many years, Indian businesses have been buying wholesale products in bulk and selling them at retail prices. This form of transaction has helped form a sustainable business model across the country. Simply explained, this concept allows you to buy a product at a low price and resell it at a higher price. You are however, to take care of storing it, maintaining it until it’s sold and pricing it as per market standard.
Sounds simple? But, there is much more to becoming successful as a reseller than just buying in bulk at low prices and selling them at a higher cost. You also need to set up a shop, hire staff to help you manage customers and sales, and strategically plan to sell slow moving products to free up your warehouse space. When buying wholesale products you are also expected to travel across remote locations where your selected products are manufactured, haggle with the wholesaler, build a relationship for years and then allow yourself some time to manage your business.
In order to ease this process, have you thought of sourcing and selling online?
The process stays the same. All you have to do is buy online from an online wholesale marketplace like Amazon Business
and sell them online on Amazon.in. Your purchase process is exactly like how you would purchase any product online.
To sell and set up your store on Amazon.in, all you need are the following four things and you are set:
Contact Details – Name, Phone Number, Email Address & Postal Address
GST number/ID – Visit the AtoZ GST guide to learn how to acquire one.
PAN (Permanent account number) number for business
Bank Account Details to receive your payment
Once registered you can add your products to your online store, register to sell online in india
, sign up with FBA
to take care of your storing requirements and enjoy the convenience of a wholesale business from the comfort of your home.