Starting an e-commerce business is a dream for many aspiring entrepreneurs. Also with enormous growth of e-commerce players in India and thanks to Internet connectivity, it is also an easy choice for Indian youth.
Business registration is the first step towards your dream of setting up an online store. For registering your business, you need to decide which type of entity you should form. You have many choices such as starting solo with Sole Proprietorship firm or One Person Company. You may also opt for registering a Private Limited Company, if you have plans to infuse equity or bring in Foreign Direct Investment at a later stage. Usually, Private Limited Company is the best form of organization for an e-store. It has many advantages such as limited liabilities, quick approvals, easy compliances, legal protection, scalability etc.
Advantages of E-commerce Business
- The biggest benefit of e-commerce is that it allows you to reach a global market without having to make a large financial commitment.
- An E-Commerce platform that is ready to go without having to spend a lot of money on software and setting up a supply chain.
- Consumers from all over India can see your product on e-commerce sites. Your product order can be delivered to you from anywhere in India.
- Because these E-Commerce platforms act as a middleman for you, there is no risk of payment default from customers.
- The geographical boundaries of this style of trade are not specified, allowing consumers to make a worldwide decision, get relevant information, and evaluate offers from all potential providers, regardless of their location.