How to sell on flipkart with bigfaction assistance
Over 10 crore people buy on Flipkart from over 100000 sellers which makes Flipkart one of the biggest online marketplaces in India. Small traders and manufacturers can join the juggernaut and prosper. Even a newbie can establish a business entity and start selling on Flipkart. Join Flipkart as a seller and you are on the high road to prosperity.
Through Bigfaction, start boosting your business on top Indian and Global online portals like Amazon, Flipkart, E-bay, PayTM, LimeRoad, Voonik, Snapdeal & Shopclues.
• Flipkart has grown to such an extent that it has even acquired eBay India! Its revenues exceed Rs 19800 crores in 2017 with a growth rate of 19%.
• Flipkart is a household name in India for online buying and whenever anyone wishes to buy any product, they first choose to search on Flipkart thereby increasing chances of sales for sellers on Flipkart.
• Flipkart has a customer base that exceeds 100 million.
Before you learn how to register on Flipkart or how to become a seller on Flipkart you must make a choice of products to sell on Flipkart. This is especially relevant if you are starting fresh as a new seller on Flipkart. Flipkart has about 70 product categories. The main categories comprise of electronic products including mobiles, cameras, TVs and computers, home and kitchen appliances, sports and fitness products, jewelry, fashion apparel, footwear, games, toys, media, books, baby care and ebooks. Products that are sold in large numbers belong to consumer electronics, books, and media category.
Even before you formulate a business plan for selling on Flipkart you must know the returns policy. Buyers have a week or so in which to return the product, no questions asked and ask for a refund. If a product is not as specified or has a defect the seller is obligated to make a replacement at no extra cost. As a seller, you will be expected to bear the shipping fee for replacement if the product is defective but if it is a matter of exchange due to some specification difference then the seller does not have to bear the reverse shipping fee.
If you wish to register as a seller on Flipkart you must know that sellers are expected to dispatch to any corner of India. You must know about shipping and delivery process of Flipkart. Flipkart offers standard delivery to any destination in India in which Flipkart’s logistics division Ekart takes care of shipping and delivery. Flipkart Advantage is the other shipping program in which sellers sell in bulk to Flipkart and Ekart manages inventory as well as shipping. This works like Amazon’s FBA program. In this case, fast delivery is assured for buyers. When you register as a seller on Flipkart you can choose either of the two shipping models. All packaging materials bear Flipkart branding and Ekart provides these materials.
Listing products on Flipkart are free. Registration as a seller on Flipkart is also free so how does Flipkart earn? They charge fees when a product is sold by a seller on Flipkart. A commission is charged on each sale and percentage varies from one product category to another. Then there is a shipping fee, a fixed fee, and collection fee, all of which are added together and GST at 18% is charged. When you list products on Flipkart and price then you must keep in mind the charges Flipkart will levy.
You can sell a product on Flipkart and Flipkart may collect payment by credit card/debit card or cash on delivery but they have a fixed policy of making payments to sellers on Flipkart. New sellers are put into tier 2 and receive payment within 10 days of a sale being completed. Tier 1 is made up of older sellers and they receive payment within 5 days of completion of a transaction. Tier 2 seller on Flipkart can be upgraded to tier one after 30 days or 30 orders executed successfully. Payments are made by NEFT transaction.
If you wish to sell things on Flipkart you must first undergo the business registration process. You can register as a sole proprietor, partnership or private limited company or other options.
If you register a business with you as the owner then it is a sole proprietorship. The owner is fully liable and there is no protection that limited liability legal arrangement offers. You need to prepare and submit the following documents:
• GST Registration certificate
• PAN card
• Proof of identity and residence
• Statement of bank account
• Declaration on a business letterhead that you own and manage the bank account registered with Flipkart.
You can form a private limited company and register it with the Registrar of Companies under the Companies Act 1956 after which you approach Flipkart through seller.Flipkart.com for registration as a seller along with following documents:
• Certificate of incorporation as a private limited company
• Copy of Memorandum & Articles of Association
• Company PAN card
• Proof of business address and identity proof
• GST registration certificate.
Registration as a private limited company involves a lot of legal hassles so an easier way is to register with Flipkart as a limited liability partnership (LLP) firm because you then have limited liability in the event of loss or claims. You need to submit following documents at the time of registering with Flipkart as a seller:
• Identifying document of partner holding a power of attorney
• Power of attorney of authorized person for the firm
• PAN card of the LLP
• Partnership deed copy
• LLP Incorporation certificate
• Address proof – telephone bill/electricity bill/lease agreement
Trusts and Foundations can become sellers on Flipkart and the process is the same, the change being in providing relevant legal documents of the trust to establish its bona fides and legal standing.
You can choose to start a proprietorship firm, a limited liability partnership, a private limited company or a trust to do business with Flipkart but you also have to comply with tax regulations for which you will need to furnish:
• GST registration certificate
• PAN card of individual or company as applicable
• TAN for tax deduction at source (TDS)
• Bank account details
Keep these ready before you log on to seller Flipkart website and start the registration on Flipkart as seller process.
BIG FACTION Consultancy Pvt. Ltd. is an emerging organization and one-stop destination for various E-commerce services. We empower you to list your products crosswise over real in major market places in India giving a conclusion to-end answer for internet offering – be it customer services, promotion, Product Listing, etc. on India’s top marketplaces.