Selling on Amazon India can be a very profitable business if you follow the right steps to sell on Amazon. Here is a step-by-step complete guide to help you get started your business on Amazon India:
Content:
1. How to sell your products on Amazon India?
Proper Market Research: You can start by researching hot-selling and popular products in the Indian market. Consider important factors like competition, demand, and profit margins in the products you are interested in selling on Amazon.
You can tools like Amazon's Best Sellers list in Google, third-party tools, or Google Trends, to identify trending products.
Create Your Amazon Seller Account: Go to the Amazon Seller Central website www.amazon.in and sign up for an account. Creating a seller account on www.amazon.in is free.
You will have to submit there, your business information, including your GST registration details. If you are interested in selling only in your resident state, no GST is required up to a certain limit. ( Check the government guidelines)
Product Listing On Your Seller Account: Create product listings for the products you want to sell on Amazon. You will have to upload high-quality images and detailed, accurate product details and descriptions for your product listings. Make sure that your products and product listings comply with Indian regulations and quality standards and as per Amazon selling policies.
Pricing For Listed Products: Set competitive prices for your product listings. Consider factors like shipping charges, cost, Amazon commission, GST, and your desired profit margin. You may use Amazon's automated pricing online tools to adjust product prices in real time.
Fulfillment Options: You may choose between Fulfilment by Merchant (FBM) or Fulfillment by Amazon (FBA), FBA Fulfillment by Amazon, allows Amazon to store, pack, and ship your products on your behalf, while FBM Fulfillment by merchant means you will handle storage and shipping yourself from your place.
Shipping and Delivery: In fulfillment by the merchant, Amazon provides two shipping options, self-ship, and easyship. Sefl ship means, you will ship products with any shipping provider other than Amazon, and in easy ship, you just pack the products and Amazon itself picks the product from your place and will deliver it to the customer. If you choose and opt for FBM and the self-ship option, make sure that you have a reliable shipping and delivery process in place, Offer competitive and fast delivery options, and consider partnering with reliable, cheap, and best courier services that can deliver the product well in time.
Customer Service: Provide excellent customer service by promptly addressing customer inquiries and resolving issues. Maintain a high level of customer satisfaction and responsiveness and customer.
Optimize Your Product Listings: Use relevant keywords in your product descriptions and titles to improve the search visibility of the products. Regularly monitor and update your product listings for better performance.
Manage Inventory: Keep regular track of your inventory to avoid overstocking items or running out of stock. You can use and utilize inventory management online tools provided by Amazon to help you with this.
Promotions of Your Products: Use and utilize Amazon's Advertising facility to promote your products. You may run sponsored product ads to increase the visibility of your product listings. Also consider creating other marketing campaigns, such as social media, Facebook, and Instagram advertising.
Customer Feedback and Reviews: Encourage your satisfied customers to leave positive reviews, which can boost your sales and credibility. Address customer's negative feedback professionally and strive to resolve the issues.
Compliance and Legal Requirements: Ensure that your business complies with Indian legal requirements and taxation, including GST (Goods and Services Tax). Stay updated on any changes in legal regulations.
Monitor Your Performance Regularly: Utilise Amazon Seller Central's reporting and analytics tools to track your total sales, returns, and other metrics. Make data-driven decisions to improve your Amazon business.
Scale Your Amazon Business: Once you have established a successful presence on Amazon. in, consider exploring new markets and expanding your product.
Selling on Amazon India requires dedicated effort, and attention to grow your business. Continuously adapt your strategies based on your customer's feedback and market trends to maximize your business success.
Create your Amazon Seller Account on Amazon. in
2. What are the documents required to sell on Amazon India?
1. Pan Card
2. Address Proof
3. Bank Account
4. Gst number ( Not required in some cases, check with your accountant or CA.)
5. Business Entity Proof
6. Trademark Certificate (Optional)
7. Contact Information-Mobile Number And Email Address.
Kindly note that the requirements of Amazon may change over time, and there might be additional document requirements or changes to existing ones.
3. How to sell on Amazon without GST?
To sell on Amazon India without a GST (Goods and Services Tax) number can be a challenge because GST registration is typically a mandatory requirement for businesses operating in India. Amazon India requires their sellers to provide their GST number information when registering with Amazon as a seller and GST number is generally applicable to most goods and services sold in India. Please note that tax laws and regulations may change, so it is important and essential to consult with a legal advisor or tax professional for the most up-to-date information and guidance as per your specific situation. Here are some general guidelines:
Determine Your Business GST Applicability: Check whether the turnover of your sales on Amazon India exceeds the GST threshold. Businesses in India are required to register for GST if the annual turnover exceeds specific thresholds. These thresholds can vary for different states, so check with your local tax authority or legal advisor for the applicable threshold in your state.
Register for GST: If your Amazon sales turnover in India exceeds the GST threshold, you should register for GST. This involves obtaining a Goods and Services Tax Identification Number (GSTIN) and complying with GST filing legal requirements. Visit the GST portal or consult with a tax professional for registration and compliance details.
GST Exempted Goods And Services: Some of the goods and services in India are exempted from GST by the government or subject to a zero-rated tax rate. It is essential to understand the tax treatment of your specific products. If the products you are interested in, fall under a category that is exempt from GST in India, you may not required to charge GST on those sales.
Small Business Supplier Exemption: In some cases, small suppliers may be exempted from GST registration. Check the GST rules to see if you qualify as a small supplier based on turnover and if any GST exemptions apply to your business.
Seek For Professional Advice: Seek advice from an account or qualified tax consultant with knowledge of Indian tax regulations. They can guide you in understanding your specific GST requirements and help you register for a GST number if necessary.
Kindly note that tax laws may change, and it's essential to stay updated with the latest requirements and regulations. Failing to comply with GST regulations and requirements can result in financial and legal consequences, so it is important and crucial to follow the applicable laws and seek professional guidance as needed.
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