Flipkart sold merchandize worth more than USD 1 Billion during the money related year 2013-14 and has a client base of more than 2.6 crore enrolled clients. Flipkart right now transports more than 50 lakhs shipments every month and produces more than 80 lakh day by day page visits. In this manner, there is enormous business open door for the individuals who offer on Flipkart by turning into a Flipkart merchant. In this article, we look how to end up a Flipkart merchant and offer on Flipkart.
Flipkart is one of the largest online marketplace in India. Started by Binny Bansal and Sachin Bansal, both of IIT, in 2007. Flipkart has grown by leaps and bounds and its Big Billion sale is a much anticipated event. A strong of acquisition is capped by that of eBay in 2017 and its revenues exceed Rs 15260 crores.
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All these primary requirements are necessary if you wish to apply for Flipkart seller registration and start a Flipkart seller account in order to sell products on Flipkart you commence the given process where we show you how to sell on Flipkart.
Selling on Flipkart as an Individual or Sole Proprietorship
When an individual person wants to sell his/her product on flipkart using his/her own name and legal standing. We perceive this type of business to be a sole proprietorship and this sole proprietorship type of business doesn’t enable limited liability protection to its promoter, hence it is a sole proprietorship a business cannot have investors or not even any partners, to pass the transfer rights is also a difficult process even getting bank loans is too much hustle hence if you want your business to run smoothly becoming a seller on Flipkart will be great option while using your entity as a sole proprietor. You just need to submit the following documents:
Selling on Flipkart as a Private Limited Company
When you wants to sell his/her product on flipkart as a private limited company, enables limited liability protection to its promoter, with a separate legal entity, even to pass the transfer rights is a simple process, this also give ability to add investors or partners to scale up your operations. This is one of the most preferable methods you just need to submit the following documents.
Selling on Flipkart as a LLP / Partnership Firm
You can sell on Flipkart even as a Partnership firm. We recommend registering an LLP (Limited Liability Partnership) when you are signing up on Flipkart as a seller as this way is more preferable due to its limited liability protection, easy transferability, being a separate legal entity. The documents required to became a Flipkart seller a given below.
Selling on Flipkart as a Trust & Foundation
If you are a Trust or a Foundation you can also become sellers on Flipkart. You just need to submit documents similarly as the above documents you must provide in the name of the Trust or Foundation to incorporate as the legal identity of the Trust or Foundation with the address of the Trust or Foundation.
Firstly, verify your Personal Contact Details, Business Contact Details, Account Details etc. in order to list your products on Flipkart.
Visit https://seller.flipkart.com in order to register as a seller. Click on the register button and take it further.
Listing on Flipkart is relatively easier compared to other online marketplaces when you wish to sell on Flipkart. Flipkart has a self-service portal. You must have at least ten products to list and sell on Flipkart. You can keep photos of products ready and upload the images along with text and price information. Select the right category for your product.
Once Flipkart seller registration, listing products have been uploaded you can start selling on Flipkart. Flipkart provides a dashboard to control all operations. Flipkart also provides promotions and advertising as well as analytic support, so you will able to know that which product is doing well in terms of prices and other factors. The dashboard allows you to change all the details, for example – pricing, bullet point, description etc. but you will not change your title if your listing will be updated and you will not change your MRP as well.
Start a Flipkart seller accountand you get the benefit of shipping and logistics support. Flipkart has tie-ups with couriers that will pick up parcels and deliver it throughout India. They even provide packaging support and materials as well as training. Once an order is received, the seller packs the product and ready it for shipment. The logistics partner picks it up for onward transmission. Please note, Flipkart does not provide packing materials. Sellers have to make their own arrangements. It is easy to sell on Flipkart and ship because they have 200 picks up hubs and 10,000 delivery personnel.
Flipkart has two types of shipping methods –
1. Flipkart Standard Delivery –
Flipkart advantage delivery process is one in which Flipkart takes care of stocking products and order execution. Sellers supply products to Flipkart and ensure that the product displayed on the product page, showing advantage delivery is always in stock with Flipkart.
2. Flipkart Advantage/Assure –
Flipkart advantage offers 24 hours shipping and delivery backed by 30 days by returns policy or refund. Standard delivery process is one in which seller stocks the product and executes the order by packing the product after which Ekart, the logistics wing of Flipkart takes cae of pick up and delivery. Such process carries a 45 days refunds and replacement policy.
It involves receive new orders and sell your product at their destination. This includes some steps which are given below :-
New sellers start off as tier 2 sellers. After operating for a month and on fulfilling 30 transactions they can move to tier 1 level. The customer complaint settlement rate also determines to position and if a tier 1 seller defaults he could be downgraded to tier 2. Tier 1 sellers get payment earlier, within 5 days from dispatch whereas tier 2 sellers get payment in 10 days after dispatch. In any case, they have to follow a set of rules for order fulfillment.
Fulfillment depends on the type displayed and selected. Flipkart sells products after obtaining them from sellers in their advantage program. In the standard delivery mode, a shipper must pack and keep items prepared using materials supplied by Flipkart, carrying the Flipkart logo.
Payment for a product sold is gathered by Flipkart and transferred to the seller within seven days of the sale taking place. Flipkart charges a small commission on each sale.
For instance, if you price a product at Rs 2000 you will see deductions of around 10% for a commission, Rs 35 towards shipping, Rs 30-50 towards collection fee, Rs 40 fixed fees, and GST. Ask yourself Do I want to sell my product on Flipkart because their charges can see so high? On the other hand, you reach out to millions of potential buyers and even if deductions are there, they are worth it.
Flipkart also has a seller protection program in case products are lost or damaged in transit due to courier’s fault or due to fraudulent customer claims. Sell products on Flipkart with peace of mind because even if customers return products in damaged condition, Flipkart repays to a seller. Another advantage is Flipkart funding associates who offer funding at fair rates so you can stock more products in your inventory. Flipkart also offers training on how to sell on Flipkart and one can learn online too.
ne of the good things is that make Flipkart so popular by its easy return policy in which customers can return any product, even if there was no problem but it may spell additional cost for the seller. However, if the product is returned due to any reason, Flipkart does not charge the seller for any shipping cost and they also bear the cost of the product if it is damaged in transit. Exchange of product does not make you liable for reverse shipping fee, however.