Have you ever thought of making money from online retailers like Snapdeal, Amazon or Flipkart ? Have you explored all the options to make money online ? Have you ever thought of doing business with them or doing business for them ?
E-Commerce industry in India is set to become the fastest growing market in the world. The sector is growing at a CAGR of 25 percent since 2010. A large number of investors are investing into this business as they see huge potential and growth opportunity in the coming future. Won't it be better if we are also a part of this business, which would help us achieve unprecedented growth and success ?
So let's explore our options on how we can make money from these online giants..
Affiliate Marketing
It is a good opportunity for any website owner/ blogger who are looking to monetize their website.
Companies like Amazon, Flipkart, Snapdeal, eBay etc are providing the option of affiliate marketing. All you need to do is go to their website, make an account and then join their affiliate program. You would get many product and banner ads showcasing the products of the company. Commission rate varies according to the product categories. But make it a habit of showcasing ads which are relevant to your content. Once you start showing ads in your website, what you need is users clicking on the ads and then making a transaction. Once the users click on the ad, they are taken to the respective website, from where they can shop. Now once they complete the purchase and do the transaction, you would be given compensation, which could range from 3% to 20% , depending upon the company and the category of product being purchased. It's a wonderful tool to make money online as all you have to do is increase the page view of your website and do marketing for these companies, either by writing a blog about them or by promoting their products so that you could generate more clicks on the ads that you display. And moreover, YOU START MAKING MONEY WITH NO PRIOR INVESTMENT. Have a look at my website, you'll find ads of Flipkart, Amazon or Snapdeal that's because I am doing affiliate marketing for them.
Become a Retailer
Yes, you read it correctly. I am talking about being a retailer. Although this might not sound plausible for everyone or you might think that the idea is completely crazy as opening a retail store would require a minimum investment of about Rs. 1-1.5 Crore, but I am NOT TALKING of being an offline retailer, I am talking of BECOMING AN ONLINE RETAILER.
All you have to do is store some stock of goods as inventory and register as a company. Then start listing your products in different e-tailers like Flipkart, Snapdeal or Amazon and sell through them. This will not only save your cost for building infrastructure and maintaining a huge pile of inventory, it will also increase the reach of your business. You will not be restricted to sell locally in your cities, but through the platform of e-commerce, you can sell your products anywhere in India. E-Commerce companies would also give you insights about which products are on demand and in this way you could further grow your business. There are many sellers who are selling their products online and are having a turnover of about 100 crore/year and also there are sellers who witnessed 8 times growth after listing their products in e-commerce companies.
If you are a retailer and are thinking to sell your products through online platform, another benefit would be that e-commerce companies look after the logistics and you do not have to deliver the products to the end consumer. You will be given two options :
- Pack your products and then the company people will come to your location to take the products.
- Take your products to the warehouse of the company. You do not have to pack the product.
To grow your offline retail business more, read E-tailer Vs Retailer, Can retailer survive?
E-Commerce sector in India is currently in growth phase and becoming their partners would provide a great opportunity for business expansion. Have a look at what our 18 year old friend has to say after he started selling his products through Snapdeal
Work for them
Due to rapid expansion in e-commerce sector, companies are looking to hire in large numbers. People in technological domain and Sales & Marketing are more likely to be absorbed by these companies.According to the reports, these companies are likely to double their hiring in the coming years. Working for them will not only provide you with a good pay check, but will also provide you a lifetime experience of learning, creativity and innovation.
Have a look at how the life at Snapdeal is
Now if you think that you could actually make money through any of the above methods, just go for it now without any further ado. E-commerce sector is on the growth phase now, so be a part of it.
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