Tuesday, 12 Oct, 2021
Table of contents:
The e-commerce industry is ushering in the next wave of change for the Indian economy, and if you’ve been thinking about venturing a foot into its world of infinite profits, then the clock is ticking… the time is ripe to start online business in India.
Starting an online business in India.
To begin with, we will address the most basic issue that may come to mind “How to start online business in India?”. We will answer in the most simplistic way as much as possible. But before answering this question, let’s find out the reason why organizations should start online businesses in India. Here we go!
Starting online business in India will help merchants attract more customers, and break geographical boundaries. Your product and services will reach more prospective clients, who might try out your services or products, because it will be convenient for them to check out all your products or services and order online.
With a lot of positives to start online business in India, according to the World Bank’s statistics , GDP per capita of the Indian is 1,900.707 in 2020, stable government in the center, rising forex reserves, and high-value capital markets, ect. India seems to be on a firm growth path with the potential of a double-digit growth rate.
As shown by Ericsson Mobility report. India’s explosive growth in mobile Internet penetration from 320 million users in 2015 to 600 million users in 2019 has begun to impact the way consumers make purchasing decisions. Today, approximately 20 - 25% of people who have Internet access are using online platforms for commerce. It is anticipated that the number of Internet users in India will exceed 1,100 million people by 2026, with one-third of these becoming active online shoppers. Hence, this is advantageous for firms to start online business in India.
India is expected to have 1,100 million Internet users and 350 million online shoppers by 2026.
In reality, the “online” world is just a channel that connects various enterprises with individuals. It is a powerful tool that lets you reach anyone from anywhere in the world. With the rise of the e-commerce market in India, more businesses are connecting with the right target customers. The increasing popularity of different online channels has led to a rise in online business investment. Several companies start online businesses in India like Amazon, Walmart, Flipkart, eBay, and many more have gained massive success in recent years.
The Coronavirus pandemic has reshaped our world into a new normal world. It has accelerated the shift from physical stores to digital businesses as more and more Indian customers have begun shopping online. Clearly, the growth in the e-commerce market in India due to the pandemic has set a high impression. It is also one reason why the search history of many businesses dominates with how to start online business in India.
According business growth data elicited from brands, e-retailers, e-commerce enablers and analysts, Indian e-commerce, a $27-billion market in calendar 2019, is on track to expand by 40% growth in 2020, compared to 23% growth in 2019.
The pandemic has turned out to be a tremendous opportunity for e-commerce players who want to know how to start online business in India. There has been a significant spike in demand for telecommuting and work-from-home essentials like electronic devices and furniture. Mobiles, power banks, home printers, desktops, laptops, study tables, chairs, laptop tables have seen an uptick in demand. Kitchen appliances and medical equipment are also propelling demand as a large portion of India continues to work remotely and stay indoors.
With the reasons why vendors should start online business in India, you can see that the future of e-commerce in India is bright, and this justifies why this is the right time to start online business in India. If you are a newbie in the e-commerce market in India, and know nothing to do, don’t worry, let’s continue reading to find yourself the solution.
Due to the reasons listed above, hiring an e-commerce development company is a good idea for merchants who want to start online business in India, because it can build what exactly the sellers who desire to start online business in India are looking for, or what your business needs in specific, and also establish a competitive online storefront that will blend with your business in India. Besides, it offers end-to-end design, development, testing, maintenance, and support services which makes your business effortless, so hiring an e-commerce website development company will save you precious time and effort, which you can utilize for your core business operations to step into the e-commerce market in India.
Let’s check out the list below of the best 8 e-commerce development companies for organizations wishing to know how to start online business in India. These companies are updated with the latest technologies, and use modern features to develop your store to make your website look professional and unique from others.
As reported by a LocalCircles survey, safety, competitive prices, and ease of returns ranked as the top reasons for shoppers to trust in ecommerce services more than before, the survey which got 130,000 responses from over 42,000 unique consumers located in 358 districts of India showed.
Now, your website is ready. Your customers can visit the website, and place orders and inquiries. However, in order to accept online payments using credit/debit cards, you will need a payment gateway to start online business in India in order to accept digital payments from your customers. But there are still some hassles that merchants may concern when they start online business in India, such as:
If you want to make your work easier when joining the e-commerce market in India, go for an option where you don't have to bang your head while setting things up. A good payment gateway will have integrations and other processes set for sellers to start online business in India.
If you want to start online business in India, your business will be at risk if your website isn't backed by reliable products and services. Go for a secure and proactive fraud prevention company.
When it comes to accepting international credit card payment, security becomes one of the major concerns for organizations that expect to start online business in India. But, with PayCEC payment gateway by your side, you don’t need to worry. PayCEC payment gateway comes up with high-standard encryption technology. It can securely pass the information to the payment processor from the customer. The merchants who start online business in India will not face any sort of fraudulent activity.
PayCEC payment gateway provides an easy integration process and anti-fraud tools, along with many powerful, simple, and convenient features for firms participating in the e-commerce market in India. Let’s take a further look at the following comparative analysis table to have a better consideration of the PayCEC payment gateway for merchants who are looking for how to start online business in India.
(Mode of document submission)
|Documentation needs to be submitted in hardcopy, making the process cumbersome for firms that don't how to start online business in India.||Paperless submission of documents making the whole process easy and efficient for vendors that don't know how to start online business in India.|
(Ease of integration, and mode of integration)
|Difficult to integrate, requires significant time and effort from the merchant’s tech team.||
No coding expertise required for the payment gateway integration with the mobile app, website, and e-commerce platform.
Merchants who don’t how to start online business in India can take full advantage of PayCEC’s user-friendly APIs with detailed documentation, and dedicated technical support 24/7.
(User experience and user interface)
|Complicated UX with limited or no scope for merchant customization.||User-friendly and intuitive UX that also allows for merchant related customization for merchants who start online business in India.|
|PCI DSS certification
(Official information security standards required for handling online card transactions)
|Requires vendors who start online business in India to be certified to PCI DSS in order to access the payment gateway.||Entrepreneurs who start online business in India can easily access the payment gateway without individually applying for PCI DSS certification.|
Thus, from this comparative analysis, entrepreneurs who start online business in India looking to accept digital payments should integrate with third-party payment gateway providers given the significant advantages gained at minimum effort.
You don’t even have to be a registered business to accept payments with PayCEC. We support unregistered businesses, freelancers, consultants, and professionals who want to learn how to start online business in India. Our support for freelancers and unregistered businesses also enables them to easily create a merchant account to get paid instantly. Please do not hesitate to get in touch with our experts for more detailed and attractive offers +44 2032 864370. We are here to help you to be ready for your journey in the e-commerce market in India.
After successfully setting up PayCEC payment gateway, merchants who want to start online business in India will see tremendously positive results as PayCEC proved to be more efficient, less time-consuming, and easy to manage. Now, merchants can start online business in India with ease.
PayCEC international payment gateway was established in response to the growing need of merchants who want to start online business in India to accept online payments more quickly and easily. In the digital era, our payment flow has evolved to work seamlessly and effectively across all platforms and devices. We pride ourselves on combining superior technology with first-class customer service.
PayCEC international payment gateway is a truly global payments platform that not only allows customers to get paid instantly and securely, but also withdraws funds to their business accounts in various currencies.
We have created an open and secure payments ecosystem that entrepreneurs and businesses in India choose to securely transact with each other online and on any device. We proudly maintain the highest level of client advocacy in the industry.
We are honored to serve as your reliable business partner and financial service provider in the industry and other business-related services. With the help of our professional staff, to help merchants to achieve their goals for the development and expansion of the international business market.
Our payment flow has developed in the e-commerce world to perform seamlessly and effectively across all platforms and devices. We take pleasure in combining technology with customer service, to solve your concerns at the moment.
PayCEC is a fully worldwide payment network that not only allows merchants to be paid immediately and securely, but also allows them to withdraw money in multiple currencies to their company accounts.