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Walmart took over Flipkart by 77% stake

Walmart Inc. acquired 77% stake in one of the India’s largest eCommerce i.e. Flipkart for $16 BN (Rs.1.12 Lakh Crore).The deal values at $20.7 BN and deal to include $2 BN equity funding, sources says. Officially announced on May 9, 2018 Wednesday but it has been in work with more than last 12 months.The founder of Flipkart, Sachin Bansal sold his approx. 5 percent stake and quit the company for $1 billion and already giving sign to moving his potential time to originally wanted profession as Gamer. But in an ET article clearly mention that “Bansal was expecting to buy more shares and not sell his stake, in the final stage discussions with Walmart”, then why Sachin took this step to retire, this question will remain.“Sadly my work here is done and after 10 years, it’s time to hand over the baton and move on from Flipkart. But I’ll be watching and cheering from the outside — Flipsters, you better continue to do a good job!” said Sachin Bansal in his Facebook post.$16 billion is the biggest investment in ecommerce retail industry done by Walmart and this will open the door to enter in Indian Ecommerce Market for Walmart and it start the war to target online consumers against Amazon.Doug McMillion, Walmart’s President and Chief Executive Officer said,“India is one of the most attractive retail markets in the world, given its size and growth rate and our investment is an opportunity to partner with the company that is leading transformation of eCommerce in the market”.And, Walmart supports Flipkart’s ambition and understand the value of values, that’s why, Doug McMillion added,“With this deal, we are making a long-term investment in India’s future. We are moving this to sustain India’s economic growth. Jobs will be created. We will invest in local communities. New opportunities will emerge every day and we will move quickly to embrace this change. We are in India to gain new customers, but we see alignment in Walmart and Flipkart in values. We will continue to partner with local Kirana stores.”And, he also said that “Now, we are in India to gain new customers and India is a priority market for Walmart “and why not, according to financial services Morgan Stanley report that Indian Ecommerce market is expected to touch $200 billion in a decade.But after the announcement of Walmart that it is about to invest in Flipkart of deal with $16 BN, Walmart shares down about 4 percent on Wednesday and many US investors were not happy with this decision.Such important things: –After the deal, it will exit company co-founder Sachin Bansal and Softbank Flipkart.Along with this deal, Walmart will make a new investment of $ 2 billion in it.Other companies also interested to buy Flipkart’s remaining share.Binny Bansal will continue his job as a Chairman of Board of Directors with 5.5 percent stake.The deal is yet to get the approval of the Indian Competitiveness Commission and other regulators.There are more than 40 crore internet users in India but only 14 percent people buying goods or services online and expected to grow 50 percent in 2026, according to a report. It will be interesting to see that how this deal will change the entire Indian Ecommerce Market? And what will be the benefits for consumers? And, we will be update you soon with the answers of these questions.

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Published - Sat, 03 Jun 2023

Created by - Yashraj Gautam

Amazon Revamps Grocery Service Anticipating Flipkart-Walmart Play

Amazon has renovate its two-hour grocery delivery service in India with the presentation of early morning and late night deliveries and expanding its product range as it eyes building a big lead over the Flipkart Walmart duo which is yet to make its presence felt in the space.The United states online retail giant has also renamed the service to ‘ Prime Now ’, in line with it’s global offering. It claims that the service has seen 100 % growth on a monthly basis in the five months since it was launched across four major cities.Amazon will now deliver groceries, packaged goods, meat, FMCG products and even electronics and small home appliances between 6 AM and midnight, seven days a week. The range of products available for accelerate deliveries has swelled to 19999 as the company eyes boosting repeat purchases among its customers.The service is currently available in Delhi , Mumbai , Bengaluru and Hyderabad, where the company has setup 15 specializes fulfillment center for ‘Prime Now’. While two-hour deliveries will be available only to Prime subscribers, other customers will be able to avail next-day scheduled deliveries. As compared to Amazon, Flipkart’s online grocery service is only available in select parts of Bengaluru on a pilot basis.“We have expanded our selection to carry fruits and vegetables , dairy and frozen products. But this isn’t just about groceries, we’ve built the largest multi category store that exists in India . We’ve also made 1,500 of the best selling products on Amazon available to our customers for delivery within two hours ,” said Sameer Khetarpal , Director of Category Management at Amazon India.According to Khetarpal , the online grocery delivery business in the country can be huge , opposing other large e-commerce categories , given that Indian consumers on average spend a much bigger chunk of their earnings on groceries when compared to people in the United States or other advanced nations .Eyeing this convenience , Amazon is heavily investing in the category and is willing to burn money to get customers to switch from buying groceries offline to buying them online . It has a well mark out plan for offering discounts and cashbacks on Prime Now, which it calls passing on value to its customers .“ We continue to work with third party sellers who have been very successful on our platform . There’s the large supermarket chains , we work with local merchants such as sells meat products and so on . We’re always trying to figure out what new products customers want and which sellers have a good reputation in this so that we can bring them to our platform ,” said Siddharth Nambiar , Head of Prime Now at Amazon India.While Amazon is attend its global know how to serve the fresh fruits and vegetables , and grocery market in India, the clubbing up of Walmart and Flipkart is potentially the biggest thorn the company is likely to face going forward . United States retail giant Walmart is among the few firms in the world that competes at scale with Amazon globally in the grocery space .Walmart’s investment of $16.0 billion to pick up 77 % stake in Flipkart earlier this month opens up the potential for the Indian e-commerce giant to tap into the US company’s streamlined sourcing operations . Through its small wholesale business in India , Walmart already works directly with farmers , and experts say the duo could tap the country’s grocery market with private label products.Additionally , Amazon and Flipkart aren’t the only two big players eyeing this space . In February , Chinese Internet giant Alibaba led a $300 million investment in BigBasket which claims to be the country’s largest online grocer . Then in March , Japanese investment behemoth Softbank led a $62 million investment in rival Grofers which was seen struggle last year but once again found investors’ interest as the space began heating up .Both Flipkart and Amazon are also looking at groceries as a way to get customers to shop more often on their platform . While estimates suggest that India has upwards of One hundred million online shoppers , only a small fraction of this number shop repetitively through e-commerce in a single year .Khetarpal said that Prime Now is beginning to see some customers shopping 4to 5 times a month on the platform , copy their offline grocery buying behaviour online . Moreover, in the last four months, the average ticket size of each transaction on the platform has grown by over 50 % as customers begin seeing value in using the service.

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Published - Sat, 03 Jun 2023

Created by - Yashraj Gautam

Why ShopClues is Seller First Choice to Start Online Business Rather than Amazon

India’s Most Wanted Online Shopping Hub – ShopClues.comSandeep Aggarwal founder of shop Clues was realizing his vision of a budget friendly online bazaar in India. In the end of 2011, when society were bounce from one Store to another store for best bargains on an overall monthly bill Advantages of ShopClues which makes it different from other panels. ShopClues.com was then given a shape and strategy in 2012 as the India’s First & Largest Fully Managed Market place:-Simple Sign up for Sellers: Simple registration form, no compulsion of Brand Registry, upload products in your online store and regularly manage it.Lots of Offers, Cashbacks, and Discounts for Sellers & Customers: There are a lot of discounts and lot of categories like wholesale, Sunday Flea market, use code this and this, get extra 10% discount if you pay with Axis Bank and many more discounts.Different from its Competitors: ShopClues is staying true to its DNA –targeting different customers – those in tier 2 and tier 3 towns and beyond, and targeting through completely different merchandise compared to its competitors. Profitabily around the corner: Enabled 6, 50,000 merchants, with demonetization and GST kicking in, connect with merchants has grown drastically.Fastest Growth: 2.8 crore products on its platform, serving over 32,000 of pin codes across the country, Valued at USD 1.1 billion$, ShopClues has, Helion Ventures, and Nexus Venture Partners as major investors.Key Features: Lower prices, Tie ups with merchants in China and Korea, world-class technology, Audit the listings before uploading, Many More.ShopClues Surety – 5-point quality check and secure dispatching – a. Best Buy, b. Great Buy, c. Value Buy, d. Brand Authorized, e. Re-New.So, ShopClues is quite crystal clear in every aspect of support needed by a seller.

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Published - Sat, 03 Jun 2023

Created by - Yashraj Gautam

Explore your Hidden Talent to Online World!

Talent is what one has the ability to work on with natural gift by God.Talent in India: In the country of 1.35 billion people, we have tons of talent in India which is beyond our imagination because in every street of India there is a different type of talent is surviving.Online World: One Market which covers all over India is the Online shopping world and the scope of online shopping is increasing day by day.People who are blessed with art of making something that can be used by the public as goods available in market they can explore their talent at ONLINE MARKET.Those people who are engage with their daily routine works, earning livelihoods and other activities and also for those womens who are housewives but they have some talent like painting, art & craft, candle making, chocolate making etc. For them online selling world is a “VARDAAN”.Because here, they are not only exploring their talent infact for this they also get money with profit and also for this they do not require to go anywhere but they can just do it from their homes, workplaces or anywhere they are comfortable.Examples of the goods which can be created at home and sell online to all over the India by becoming an online seller.Painting, Art & Craft Goods, Candle Making, Chocolate Making, Writing, Sewing, Designing, Photography, Handmade gifts, Handmade soaps, Handmade kitchen tools or utensils, Handmade ornaments, Handmade bags, Designer diaries etc.So, Enjoy Online Selling with your Talent… Happy Selling!

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Published - Sat, 03 Jun 2023

Created by - Yashraj Gautam

Success Stories of Online Sellers

Hey! You are reading this article it means you are thinking to become an online seller or you are one of the existing seller but not too much successful or fighting for being stable in this online selling world.My objective of writing this article is to boost the confidence of people who wants to become an online seller and also would like to support those sellers who are struggling in this online selling world to get their best results, through sharing of my personal experience in online business that how I made myself successful in online business.Just taking care of 5 things in mind about selling online, you will become successful in Ecommerce Business:-Select a distinct product to sell online – After deciding to be an online seller the first thing that comes in mind that is what should be the product so I recommend that the product should be unique from other sellers. Just look around you and think a commonplace product and then work on it that how you can make it different from others but it should be connected to buyers.Target Online Customers and Marketing Strategies – Collect the information of consumers who will get the benefit from the product and services you are providing to them and set the marketing strategies on the basis of these detailsAttractive Content, Packaging, High Quality Product with High Speed Delivery – The Content and information about the product should be relevant. The product quality should be high so that you are always a step ahead to your competitors and there should be an attractive & safe packaging of product which attracts the customers and the high speed delivery will leave an excellent impression on the customers.Take Care of Each & Every Area Related to Finance – We should never careless in managing the finance of our account and all amount related to products including returns, shipment etc. It should always under good care.Keep Adherence to your Goals & Achievements – Before Starting your online business set your goals in your mind that where you have to reach and what you want to achieve from your online selling business and keep stick to that goal because we can’t get everything in life quickly but it takes some time so be patient and keep going on to achieve your targets & goals.Hope the above information of my Experience is useful for you guys…so keep these things in mind and rock your Ecommerce Business..

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Published - Sat, 03 Jun 2023

Created by - Yashraj Gautam

Brand Vs Trademark

For E-commerce MarketplacesHello Guys! Today we are going to discuss the difference between Trademark and Brand which are Co-related to each other but different in terms of uses in marketplace of Ecommerce. Trademark: A symbol or logo which becomes identity of your products and it represents the uniqueness of your company or products.Benefits of Trademark: There are many benefits of registering trademark for business:• When a trademark get registered then It gives you the right to use this registered trademark as a symbol: ®• It provides the security to brand name and logo of the company and gives right to seller to file a trademark infringement under “Trademark Law”.• It removes the confusion for another similar mark in marketplace.• It may serve as the basis for an international trademark application.Further than just an impressive logo, good branding rises the worth of a company, brings employees with direction and inspiration, and makes getting new customers easier.Brand: A kind of product manufactured by a particular company under a particular name.Benefits of Brand: Major benefits you can expect to see when you have a strong brand:• Customer Gratitude – Having a strong brand all of it to build customer recognition.• Competitive advantage in market – Your brand is what distinguishes you in the marketplace.• Easy starter of new products – Customers are concerned to brands that they share values with.• Customer reliability and shared values – Customers are attracted to brands that they share values with.• Higher integrity and ease of purchase – As you build your credibility, you also build recognition, loyalty, and competitiveness.Hopefully the above information is helpful for you at your Ecommerce business marketplace. Cheers…

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Published - Sat, 03 Jun 2023

Created by - Yashraj Gautam

Offline Store Vs Online Store

Why offline store should sell their products online????In Today’s time where the technology is growing at its highest speed day by day, there we needs to grow ourselves in Ecommerce world also weather we are seller, manufacturer, distributor or retailer.There are many reasons why offline store should sell online their products but some of the reasons are:-Minimum Investments: In online selling there is no need to hire or purchase any physical store in any expensive market also you do not require any staff for selling your products and most importantly you don’t need to spend money for marketing of your store and products and to expand your business nationally.In Online Selling you just require to register your account, list your products and start selling. Online store also provides many facilities for sellers like easy shipment through panels where you don’t need to worry about shipment of your products it’s all done by panel itself. It also takes care of customer service for you.Fastest & Safe Payments Mode: In Online Selling you don’t need to wait for the payment for a long time. Now a days it’s a fastest process to get your payment quickly and safely direct to your bank account. There would not any paper work or pressures. Sell More…Earn More…Spread Business Nationally and Globally: When you have an offline store then you can cover the local area or more than that city but once you start selling online you reach to all over the country weather it is large cities, smallest towns even the farthest lane of your country.Millions of people visit online: stores on daily basis they looks your products which increase your visibility in market places. It makes you reach to all over the country customers which in turn improves your sales and growth of your business.Flexible Timings and Always Open: This is the most important reason why one should move to online selling. Online store are open 24×7 and 365 days, this flexibility of timings make selling and buying both easier than any offline store.It makes selling stress free and gives you more time to grow your business and concentrate on other aspects of your lifeIt makes selling stress free and gives you more time to grow your business and concentrate on other aspects of your life Response & Information: In an offline selling no customer comes back to give you feedback for your product but in online selling you get feedback, reviews and ratings from customers which can help you to improve the quality of your product and it increases the trust of your customers on you and also it sets a great reputation of you in the marketplaces.In the online selling anytime you can get the reports of your sales and money you are getting in your account. Everything, every information is always updated whenever you wants.Here, some of the example as per your business type you can find the panel where you can sell online Type of Business Panels Name Panel Links Registration LinksRetailer or Distributor Amazonhttps://www.amazon.inhttps://sellercentral.amazon.in/ Flipkarthttps://flipkart.comhttps://seller.flipkart.com eBayhttps://ebay.inhttps://pages.ebay.in/help/sell/sell-getstarted.html Shopclueshttps://shopclues.comhttps://seller.shopclues.com/ Paytmhttps://paytmmall.comhttps://seller.paytm.com/login Snapdealhttps://snapdeal.comhttps://seller.snapdeal.com/#/dashboard Etsyhttps://etsy.com/teams/11613/etsy-indiahttps://etsy.com/in-en/sell Craftsvillahttps://craftsvilla.comhttps://www.craftsvilla.com/sellManufacturer or Wholesaler Shopifyhttps://www.shopify.comhttps://shopify.com/login Indiamarthttps://my.indiamart.com/https://indiamart.com/seller/ Alibabahttps://india.alibaba.com/https://login.alibaba.com/?tracelog=hd_signin AddShare Salehttps://www.addsharesale.comhttps://www.addsharesale.com/ Best Price Wholesalehttps://www.bestprice.inhttps://bestprice.in/Registration/login.aspx?ReturnUrl=http://www.bestpricewholesale.co.in/default.aspx Ali Expresshttps://best.aliexpress.com/https://login.aliexpress.com/ Zaas Marthttps://zaasmart.comhttps://zaasmart.com/index.php?route=account/register TradeIndia Etc.https://tradeindia.comhttps://www.tradeindia.com/login/login.htmlThere are plenty of reasons why one should sell online their products so go and grab your opportunity…. HAPPY SELLING…

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Published - Sat, 03 Jun 2023

Created by - Yashraj Gautam

Software to manage your online business in day-to-day activity which results in less

If you are an online seller you need to manage your account and all daily activities related to your business and for this you have to spend lots of time to managing all the work, which interns hamper your other important task, sales and growth of business, So to lessen your work in daily activity you can use the software which will help you in managing the work.How to select right software/tool for Ecommerce Platform?Most of the Ecommerce Platforms provides the systematic basic tools to operate and manage the vital activities as like Inventory Management, Email Marketing, Accounting, Search Engine (SEO), and analytics etc.We need to find the best solution as per our requirement and for the small steps to help you out we would like to suggest some tools where you can get the better assistance to manage your online business activity.Below are Some Software/Tool Examples:-ACCOUNTING SOFTWARE GST ENABLEDINVENTORY MANAGEMENTORDER PROCESSING SOFTWARESleek Bill IndiaZoho InventoryUnicommerceHDPOS Smart Accounts and BillingStitch LabsWooCommerce Order Tracker SlickAccountTradeGeckoWinSopSahiGSTUnleashedFedExTally ERP 9inFlowViewPoint LogisticsZybra GST Accounting Software (Most Popular GST Billing Software)MARG ERP 9+ Inventory Management System OrderhiveHostBooksVin eRetailEMERGE AppCleartaxProfitBooks Inventory ManagementSage.com Saral Accounts and Saral BillingIntegra Trade Plus OdooSaral GSTEMERGE App Miracle Accounting softwareAlignbooksMargAll these above suggested online business management tools and application may help to make smooth the burden of running lines, by streamlining various obligation in organizing business and automation of certain practices.NOTE: – Our motive to provide you the basic information regarding online business management tools and all provided information are subjective & could be changed by the time, and depends on the individual software/Application company’s terms and polices.

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Published - Sat, 03 Jun 2023

Created by - Yashraj Gautam

How to Find a Profitable Product for Online Selling?

What to sell on online market place: – This is one of the most imperative factors in creating a successful e-Commerce business to know for a seller and the person who has desire to sell their products on ecommerce platform, because analyzing the ideal products to sell is the most important step in creating a profitable and growing business.But you don’t worry, ecommerce guru is here to make this process easier with some innovative ideas & suggestion which will help you to choose right product to sell online by few simple steps.Select the Items that are not Gated & Don’t need Category ApprovalFor selling the items there is a process to categorize the products before listing on market place, where sellers need to take category approval from the panels, but you can also establish your business on the panels by taking the products which is not gated & do not require category approval on most of the panels.Below are Some Examples:-Mobile Accessories: screen guards, back covers, headphones, data cable, charges, etc.DisposablesLadies FootwearKids ToysFashion JewelryStationaryGogglesWalletsBeltsWatchesDaily Use: foil paper, napkins, hanky, socks, mufflers, caps, hatsBasic Taxation ConceptBefore organizing your business you should be more aware of the taxes which you will pay for selling product online, with the correct tax information you can compare the low and high tax products as well.GST (Goods and Service Tax) Percentage Rate & HSN CodeGST -Whether you’re someone who wants to sell your items online, there are a few artefact that you need to figure out before your next step. You should be aware of the different kinds of taxes which apply in online sales, and ensure that you do not get into trouble because you didn’t know regarding tax which you’re going to pay.Below are some tax rate examples or you can click on the below link to know more information:https://cleartax.in/s/gst-ratesTax RatesProductDairy Product & Vegetables0%Phool Bhari JhadooMilk0%BooksEggs0%Unbranded MaidaCurd0%Unbranded AttaLassi0%Children’s Drawing & Colouring BooksUnpacked Paneer0%Palmyra JaggeryBesan0%Salt0%Fresh Vegetables5%CoalSpices5%FabricCashew Nuts5%Footwear (< Rs.500)Tea5%Apparels (< Rs.1000)Sugar5%Coir Mats, Matting & Floor Covering Roasted Coffee Beans5%AgarbattiMishti/Mithai (Indian Sweets) HSN – “Harmonized System of Nomenclature” this is a multifunction global product nomenclature expanded by the (WCO) World Customs Organization. It first came into action in 1988.The primary concept of HSN is to classify goods from all over the World in a systematic and logical manner.What are the tax rates for different product categories?Here is the complete guide to understand the tax rate in brief, Click on below link:http://www.cbic.gov.in/resources//htdocs-cbec/gst/goods-rates-booklet-03July2017.pdfYou can also click on attached below link to find current and exact GST rate with HSNhttps://www.indiafilings.com/find-gst-rate#stq=footwear&stp=1Referral Fee of Online Market PlaceReferral fee is the charges which is included each time when you sell a product on the market place or it’s a fee amount which is charged by the panels, basically it is a percentage of the total sales price. The percentage varies based on the product category.You can also get the referral fee information and understanding of the exact fee which require for any of the product category before selling on line.As Amazon have the panel to seek the information of the referral fee by its amazon service page. Click here – AMAZON SERVICESTrending Ecommerce Niche ProductIf you already planned that what to sell on panels (Amazon, Flipkart, Shopclues, Paytm, Snapdeal and more), then start searching how equitable your idea is already performing on the market places. Or if you are not sure about selling product, then you can look at new trends to help inspire your decision. Keeping your eye on the marketplace which helps you to recognize the various needs of your product for listing on account.Here are some resources to begin your research:Product directoriesOther storesNewspapers & magazinesProduct Advised:-Natural beauty productsPortable LED projectorsBagsPhone accessoriesMen’s WatchesShoesKid’s Trending ProductsCompetitive Products and LandscapeThere will be similar products on other websites, this means that you need to have a firm understanding of your competition, that way you can stand in between the crowd, by making your product price more competitive and categorize your competitors, for this you need to visit the market places/websites.Target audience: –Once you have selected reasonable product to sell online, then you need to consider that who you’re selling to, also known as target audience. Having an understanding of your customer needs and requirement can help you to form the price decisions, for this you can plan your marketing strategies and establish your brand and try to figure out the following information about your audience:Price sensitivityBasic demographicsCustomer motivationDaily Used ProductThis will help to increase your business value and revenue eventually.NOTE: – Our motive to provide you the basic information regarding online selling product and all provided information are subjective & could be changed by the time, and depends on the individual software/Application company’s terms and polices.

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Published - Sat, 03 Jun 2023