Ecommerce Store

 Aug

 

 

Table of Contents

CATEGORIES

What is E-commerce?

E-commerce is the activity of buying and selling goods and services using the internet as a medium. The act of purchasing or selling anything is called commerce, doing it online on the internet or on the phone, is e-commerce. Whatever you wish to buy, from food products to a lavish car, are available on the internet in the form of an e-commerce store. Ecommerce is also known as e-business or electronic business.

What is an E-commerce Store?

E-commerce is the activity of buying and selling goods and services using the internet as a medium. The act of purchasing or selling anything is called commerce, doing it online on the internet or on the phone, is e-commerce. Whatever you wish to buy, from food products to a lavish car, are available on the internet in the form of an e-commerce store. Ecommerce is also known as e-business or electronic business.

Types of Ecommerce Websites

  • The e-commerce websites can be classified into the following types-

    1. Business-to-consumer (B2C) – This is one of the most common types of business, where there is a direct exchange of goods between a business and a consumer. A few examples of B2C brands that you may be familiar with are: Myntra, Nike, Air BNB, Starbucks, GoPro, etc.
    2.  
    3. Business-to-business (B2B) – These websites allow customers to buy and sell products between two businesses. For example, the purchasing or selling between a wholesaler and a retailer can be done through B2B websites. A few examples to name here are Apple, Google, IBM, Intel, etc
    4.  
    5. Business-to-administration (B2A) – Through these websites, you can perform the transactions between a business and a public institution. When A government-related organization purchases or sells anything to a business company, then it is referred to as B2A. The best example of B2A is Accela.com.
    6.  
    7. Consumer-to-consumer (C2C) – C2C websites allow a consumer to trade with another consumer in an online environment. The best examples of C2C business are Alibaba, eBay, Mercari, Etsy, etc.
    8.  
    9. Consumer-to-Business (C2B) – C2C businesses include consumers offering services to other business websites. Websites that provide opportunities to freelancers are examples of C2B websites. A few to name are companies such as Upwork, Fiverr, and Scripted.
    10.  
    11. Consumer-to-administration (C2A) – In this type of business model, consumers provide goods, information, and services to government-related organizations. It includes all electronic transactions between government and public administrations. Websites that perform electronic tax filing, paying toll tax, and other government-related activities come under C2A websites. The income tax department’s e-payment website is the best example of a C2A website. 

How Does Ecommerce Work

  1. If you know how a normal offline retail business works, e-commerce business functions in a similar fashion. Understand the functioning of an e-commerce set-up more simply, let’s say it is classified into three categories:

    • Receiving Orders– In this step, the customers place an order from an e-commerce store. During this time, the customer’s information is recorded, applicable tax is calculated, their order and tracking numbers are generated, the delivery details are shared, the billing information is processed and finally the access to the billing gateway is provided.
    •  
    • Payment- The payment is done via payment gateways. Under this step, the payment option is chosen from a list of options like a Credit card, Debit card, UPI, Wallet, and more. After this multi-step authentication is done for secure payments.
    •  
    • Shipping- This process is done once the order is placed. Typically it means that the item has left the warehouse of the supplier.

Ecommerce Website Legal Requirements

If you don’t want yourself to get indulged in legal trouble regarding your e-commerce store in India, then you should fulfill all the legal requirements beforehand. A few of the legal requirements for e-commerce websites are:

  • Business registration- You need to register your business as a private limited company, limited liability partnership, or one-person company. Through this registration, you can specify your liabilities and opt for tax benefits too.
  •  
  • VAT/Sales Tax Registration- The two types of sales tax are: VAT (Value added tax) and the other is CST (Central sales tax). To start your e-commerce business, you need to register for both these taxes. VAT is applied on each stage of production or distribution, while CST is not applied on each stage of production and distribution. VAT and CST both are indirect taxes. CST is applied in interstate sales.

  • Vendor Agreement- This agreement is for defining the expectations of the parties. Under this agreement, the vendor list is stated in the portal.

  • Intellectual property protection- This is for ensuring that while conducting this business, nobody’s intellectual property is being affected. Also, it ensures that your intellectual property is also protected.

How to Set Up an E-commerce Store in India

Setting up an e-commerce store may sound complex, but in reality, it is way simpler than you think. To set up an e-commerce store in India, you need to follow the following steps: 

Step 1- Choose an e-commerce platform where you want to create your online store.

Step 2- After choosing the platform, you need to purchase a domain name.

Step 3- After this step, you need to choose your e-commerce theme and customize your e-commerce template.

Step 4- Once the above steps are done, you need to add your products.

Step 5– After this, you need to set up your payment options.

Step 6– Once the above steps are completed, you need to preview, test, and publish your online store.

Dspeedup as an Ecommerce Enabler

dspeedup is one of India’s most efficient and well-known e-commerce enablers. At dspeedup, we understand the significance of e-commerce in today’s world. Thus, we allow you to create your e-commerce store seamlessly. All it takes is 90 seconds to create your online ecommerce store with dspeedup, and We empower 5M+ businesses to build, grow, and achieve success in the online world. You can also generate ecommerce store names with dspeedup free business name generator.

Easy Video Reviews

{{startingCount}}
{{time(finishingCount)}}
{{trans(`You have no camera installed on your device or the device is currently being used by other application`)}}
{{trans(`Please try visiting this page with a valid SSL certificate`)}}
{{trans(`You can record up to %s minutes, don't worry you will review your video before sending`, time(preference.max_video_length))}}
{{trans('Seconds')}}
{{trans(`You can record up to %s minutes, don't worry you will review your video before sending`, time(preference.limits))}}
{{trans('Uploading video...')}}
{{send.message}}

{{trans('Upload video')}}

{{trans('Drag your files here or click in this area')}}
{{uploader.file}} {{uploader.size}} x