Flipkart

Flipkart was founded by Binny Bansal and Sanchin Bansal in October 2007. The company has grown to over 30,000 employees and generates over $3 billion in revenue each year. The company has transformed the shopping experience for consumers across the country by allowing them to shop from the comfort of their own homes. Innovative business models such as same-day delivery with cash on delivery or card on delivery at low prices have increased online shopping volume.

Flipkart has been shipping more than 5 million packages a month, and the site receives an average of more than 90 million page views per day. As a result, Flipkart sellers have an incredible opportunity to make money by selling on the site. Here’s a guide on how to become a seller on Flipkart.

How to sell on Flipkart

In order to sell on Flipkart, a business or individual must sign up as a Flipkart Seller. From Flipkart’s Seller page on this page https://seller.flipkart.com you can begin this simple process. You can sign up as a Flipkart seller by providing the details of your business and the products you plan to sell through Flipkart. Flipkart Sellers are required to provide and confirm the following information at the time of registration:

  1. The seller’s name
  2. The seller’s phone number.
  3. The seller’s email address
  4. Pickup location/Business location
  5. Defintion of product category that the seller wants to sell on Flipkart
  6. Documents pertaining to tax registration, including GST registration.
  7. Documents required for the formation of a business, such as a bylaws or articles of incorporation.

Additionally, depending on the type of business being registered, there are additional documents that must be submitted:

Sole Proprietorship

Sole Proprietorship status is automatically granted to any individual who wishes to sell on Flipkart under their own name and legal status. Because it does not have partners or investors, the sole proprietorship does not offer limited liability protection to its owner, cannot be easily transferred or scalable and has limited access to bank loans. As a result, selling on Flipkart as an individual is not recommended. There are exceptions to this rule if you choose to operate your company as a sole proprietorship.

Identity verification

Signature on the company letterhead declaring that the individual manages and owns the bank account that is named after the business, along with one of the following two documents:

  1. A sole proprietorship’s certificate of incorporation
  2. Owner’s Individual Taxpayer Identification Number
  3. Certificate of Ownership/Driving License of Owner
  4. Any other form of official identification featuring the seller’s photo
Address proof
  1. In the name of the proprietor, the phone bill.
  2. The proprietor’s bank account statement
  3. A bill for the owner’s electricity
  4. Agreement for a licence or lease 
Private Limited Company

In order to be a seller on Flipkart, a Private Limited Company is the best option because it provides limited liability protection for its promoters, ease of transferability, a separate legal entity, the ability to involve partners or take on investors, and the ability to rapidly scale up operations. For a Private Ltd. company, the following documents are required:

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Identity verification
  1. Incorporation certificate or copy of the Private Limited company’s registration documents
  2. MOA’s copy (Memorandum of Association)
  3. The company’s PAN card
Proof of Residence
  1. Charges on the company’s credit card
  2. Bill for electricity in the company’s name
  3. Agreement to rent or lease
Partnership Firm

There is an option for a seller to join Flipkart as a Partner Firm. When you register with Flipkart as a Limited Liability Partnership (LLP), you get the following benefits: limited liability protection, a separate legal entity, easy transferability, and the following documents:

Identity verification
  1. Partnership Registration or a Certificate of LLP Incorporation
  2. To conduct business on behalf of a Limited Liability Partnership or a Partnership firm, a duly authorised Power of Attorney must be given to a designated Partner or employee.
  3. Deed of partnership
  4. Partnership Firm or LLP PAN Card
  5. Documents stating that they are partners in business
Address proof
  1. An official document that confirms the Partners’ address.
  2. Charges incurred by the Limited Liability Partnership
  3. Telephony bill for a Partner or LLP
  4. Agreement to rent or lease
  5. In the name of Partners/LLP, the electric bill.
Registrations for tax purposes

Upon deciding to sell on Flipkart and registering as a business entity, the following tax information and bank account information must be provided by the seller.

  1. The name of the company/organization.
  2. An individual or partnership’s PAN (Permanent Account Number) is displayed on their PAN card.
  3. For items that are subject to GST and will be sold on Flipkart, sellers will need to provide their GSTIN (Goods and Services Tax Identification Number).
  4. A Tax Deduction and Collection Account Number, or TAN, is required for the TDS system (Tax Deduction at Source)
  5. Business or legal entity’s bank account
  6. Entity or business’s bank account number
  7. IFSC code of the bank where the aforementioned account is held 
Now start selling on Flipkart

This information, registrations, and documents are all that is required to begin selling goods on Flipkart. Once the Flipkart seller registration process has been completed, the company will be able to set up their storefront and begin listing their products for sale on Flipkart. After signing up for Flipkart, you’ll also be subject to all applicable tax laws in the e-commerce industry.

How much does it cost to become a Flipkart seller?

You don’t have to worry about having to pay a fixed fee if you plan to sell on Flipkart. Only when you receive an order through the website do they charge you a fee. There are no fixed costs. They charge the following fees:

  1. There is a referral fee for promoting the product. It varies depending on the product and starts from 3%.
  2. Fees due upon receipt of order confirmation. Depending on the product’s price range, this varies. It is not a percentage-based cost, but rather a fixed amount.
  3. Flipkart charges a shipping fee. The e-commerce company charges you for collecting and delivering the product on your behalf because you don’t have to worry about it. Every product is subject to a minimum shipping fee of Rs. 30. The delivery fee is based on two factors: the weight of the package and the distance it must travel.

Benefits of becoming a Flipkart Seller

When you’re running a business, your primary goal is to expand it. You’ll be able to make more money as a result of this as well. However, even if you’re in a prime location in a busy market, you won’t be able to reach as many people as you could. What can you do to fix this? An online business can be set up.

When you sell products online, you have the opportunity to reach a wider audience and become visible to customers in other Indian cities. Customers in other cities who like your products will be able to purchase them without having to visit you in person. They can order products from you online and have them delivered right to their door. For both the customer and the seller, this means that selling online is a win-win situation.

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Reach across India

You won’t be able to reach customers who aren’t nearby. With online sales, you have the ability to reach customers in your own neighbourhood and city as well as customers across the country. There are over a million registered users on Flipkart, for example, when you sell there. If you make this one decision, your business will change for the better.

Low start-up costs imply a low initial investment

When you sell online, you don’t have to worry about impressing customers with a good display of products, a trial room, perfect lighting, or appealing interiors. When you sell on Flipkart, you can start your business at a fraction of the cost. Flipkart has recently reduced its commission and fixed fees on a wide range of products. As a result, you’ll be able to keep more of the money you make and use it to expand your online business.

The logistics network is ready to go

It is not necessary to worry about how to get your products to customers or how much money you will have to spend on this when selling online. Flipkart, for example, has a logistics network that has been built and perfected, making it easy for you to take advantage of it.

Low-cost advertising

What if you don’t know how you’ll stand out from the hordes of other online sellers? There is no need to worry about spending a lot of money on advertising your business. On Flipkart, for example, you are partnered with partners who help you catalogue and photograph your products so that they appear appealing to the customer, advise you on promotions and advertising, and also assist you in making informed business decisions.

The ability to keep up with market trends

Flipkart is a great place to start an online business, but you can also take advantage of market trends. There is a lot of data on Flipkart that helps you understand what products are in demand, how the market is changing, and so on. For example, you can use this information in order to make the necessary stock adjustments and thus increase your profits.

Selling online is a great way to increase sales and take your business to the next level with these five reasons in mind You can sign up in just a few minutes and use the simple seller platform to manage and grow your business.

How to increase sales on Flipkart as a seller

Advertise on Flipkart

You need to get more people interested in your products in order to make more sales. The more people who click on your products, the more likely it is that they will be purchased. For the best results, use Flipkart’s Product Listing Ads to promote your products. It works like this:

  1. Create an advertising campaign for a product you’ve selected.
  2. As ‘Featured Products,’ Flipkart places these items prominently on relevant product pages throughout its website.
  3. The customer comes across your ad while looking through the products he intends to purchase and decides to purchase your item.

Your products will be more widely known, and you’ll be able to reach a wider audience as a result. It raises awareness of your products, which in turn helps to increase sales. To learn more, watch the video below.

Participating in sales

With exciting shopping events, also known as  sales, you’ll have a tonne of chances to expand your business. During times of high demand, Flipkart offers special discounts and promotions across the board. As a result, it attract a large number of buyers and a large amount of traffic to website and mobile app. Increasing your sales is easy, and you can reach a larger number of customers all at once. As a result of taking part in sales, you can improve customer satisfaction and establish yourself as a seller whom customers prefer to deal with. We’ll do everything we can to ensure that you get a large number of buyers during a sale, from additional logistics staff to TV commercials and online promotions.

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Good packaging

Customer satisfaction is greatly influenced by how your product looks and feels when it arrives at the customer’s door. In-transit damage can be minimised by using good packaging material. As a result, your customers’ confidence in you and your brand will rise, which in turn will lead to an increase in sales. Customers who receive premium packaging from sellers are more likely to make repeat purchases, and 5% of buyers expect their online orders to arrive in premium packaging. A 30 percent increase in sales can be obtained by making packaging improvements.

Improved cataloguing

E-commerce websites rely heavily on catalogues to persuade customers to buy your product. Having a well-written catalogue with a clear description of your products is essential to converting traffic to sales. Think about it: People shop online to save time, and your product description should make them want to buy right away. Adding your product to the right category and sub-category is another important aspect of cataloguing that can help you increase sales. This will make it easier for customers to find what they’re looking for and increase traffic to your site.

Follow the rules

Sellers like you on Flipkart benefit from Flipkart’s selling policies and business practises, which are designed to build buyer confidence in you. Customers are more likely to purchase from sellers with high ratings and positive reviews. Flipkart customers will love you if you follow all of selling policies and don’t engage in unethical practises like selling fake products or shipping empty boxes.

Make sure you have enough supplies on hand

E-commerce is just like any other retail business, and inventory is critical. You should always have a large stock of items and a variety of different products so that you can fulfil orders more quickly and increase your sales volume. When it comes to being prepared for a shopping event, stocking up is essential.

On time delivery

Every time you deliver a product or service to a customer, make sure you meet their expectations in terms of both quality and delivery time. In order to help logistics partners deliver your products in the shortest amount of time possible, keep your products ready for delivery and mark them RTD (Ready to Dispatch) on time. Customer ratings and reviews are just as important if a return or exchange request is fulfilled on time.

Use of good images

As a result, online selling relies heavily on images because they are the closest a buyer can get to experiencing the actual product. The images of your product should be of high quality and show all of the features clearly. The more attractive a product appears, the more likely it will be purchased.

Keep customers happy

If you want to increase your sales and become a successful Flipkart seller, you need to focus on making your customers happy. To meet the high expectations of your customers, you must have a strong desire to provide the best service possible. It’s sometimes necessary to put yourself in your customers’ shoes in order to understand their concerns and swiftly resolve them. Giving your customers a reason to smile will be easier if you acknowledge their feedback and improve your service.