How E-Commerce helps in business development?

E-Commerce the term means electronic commerce. It means trading (buying and selling) 24*7 on internet through the website. In this busy world our convenience is everything! And because of this, people are buying and selling online and enjoying the benefits of offers, convenience, shopping from home and lower cost. Online stores are able to reduce prices because they don’t have to pay employees or store maintenance. People are enjoying fast shipping services and many more things.

E.g. Amazon, and specifically their service Amazon Prime, have built their whole business model around easy shopping and quick shipping.

E-Commerce is a very broad concept in itself. It helps people to expand their business online without moving physically and saves money and time at the same time. It reduces the setup cost of business and gets customer’s attention in very short time. Due to online presence it is very easy for customer to find the product and buy.

Today world is converting into a digital market, a place where all goods and services are easily available at your demand, what else a customer wants! Digital market helps domestic as well as international business to join the global field market and expand their market.

Types of E-commerce:

Business to Business (B2B): In B2B, business trade or provides product or services directly to the business over the internet.

Business to Customer (B2C): In B2C, business trade or provides product or services directly to customer over the internet.

Customer to Business (C2B): C2B it is the latest E-Commerce business model, where any individual customers offer to sell their products and services over internet to companies who are prepared to purchase them.

Customer to Customer (C2C): In C2C, a customer sell product or services to other customer over internet through the any medium like advertisement or website.

Advantages of E-Commerce:

Products: E-Commerce helps us to find any product easily. There is some product which is hard to find or May not available in the market but customer can that product easily on internet.

Global approach: This is the speciality of E-Commerce that you can approach the global customers. It is not possible for a businessman to reach out with their business globally so, in this case e-commerce plays a very important medium to represent the business globally.

Payment Option: In E-commerce business customer get the benefit of various online and offline payment methods like: cash on delivery (COD), Debit Card, Credit Card etc.

Offers: Customers who are trading on the e-commerce sites on the regular basis enjoy huge discount and great offers on the product.

Easy Setup: It is very easy to setup the e-commerce business and start buying and selling of your products because it doesn’t require any physical set up or showroom and can be operate from any place that is why it is very less cost and time effective.

24*7 Business: E-Commerce business is an online business so there are no time limitations on business. It will remain open for 24 Hr for the customer.

Omega Softwares is the provider of custom E-commerce Website & software development solutions for businesses worldwide. Consult our software solutions specialists now to discuss how our development services will enable you to overcome your software technology challenges.info@omega-sys.com

How to set-up a new MLM business in India?

Well!! This is the first question arise in your mind if you are a beginner or unknown about the network marketing. In today’s world where competition in market is very strong, Multi-level Marketing is extremely imperative for your business. MLM business doesn’t require a fancy store or expensive showroom then also you can tap worldwide customers.

Network marketing is also known as pyramid selling, referral marketing  or network marketing it is a type of marketing strategy which is for the sale of products or services through non-salaried workforce also known as  promoters, participants, salespeople, and distributors. They get compensated on the basis of their sale not only for your personal effort but also for your recruiter’s effort. These recruits are referred as your sub-promoters or downline at multi-level. This MLM Business generates opportunity for people who are looking for part-time and flexible jobs.

Legal Formalities:

From legal point of view there is no separate law for the MLM Company in India once in 2005 it was proposed in the parliament but there are some Acts of Indian constitutions we have to consider before the Set-Up of a MLM Business.   

1.      Under Money Rotation Trade Practice Banning ACT 1969 Pyramid Scheme’s head count commission is banned in India.

2.      Under Prize Chit and Money Circulation banning Act 1978 it should be not money involved investment return it should feasible Product selling Business Format.

In order to setup a multi-level marketing Company in India firstly set-up a Private Limited or Limited Company this involved limited risk for owner.

Also apply for IDSA (Indian Direct Selling Association) Member Ship. It is a private association setup by Amway India. Membership in IDSA is important because this association govern entire Direct Selling Companies in India. They maintain the MLM Business rout by controlling unethical and illegal MLM companies. 

It is very important to have a Vat/Service Tax/ Tan No for selling, manufacturing and purchasing of the product and also all required license and registration.

Must hire a CA (Chartered Accountant) or legal advisor create your own company’s rules, regulation and policy without copy past of others. It is also very important to create your online presence with the help of a dynamic website, unique content and related company information provided by legal advisor. 

Business Plan: You must have a business plan or a blue print of your business. It is a base of any business to come up with required or unique goods and services in market in order to sell it.

Realities of MLMs: Be aware about the realities of pyramid schemes and MLM scams for the safe business. Keep up to date yourself with the knowledge of direct selling market and continue with the market research.

Choosing MLM Plan: Final, tough and most important part for the business. Selecting a MLM plan decide your business future because MLM plan work as backbone of your business and it should be strong in order to long chase. 

Omega Softwares is the provider of custom MLM software development solutions for businesses worldwide. Consult our software solutions specialists now to discuss how our development services will enable you to overcome your software technology challenges.info@omega-sys.com