1) Amazon : Whenever one thinks of an online marketplace to sell on, one of the first names that pop up is Amazon. The world’s largest online retailer has become a hot favourite with sellers since entering the Indian market in June 2013.
a) Pricing: The following is a summary of the pricing charged by Amazon for listing and selling products.
Monthly Subscription Fee: Rs 499.
Closing Fee: Rs 10 charged on every sale that you make through them.
Referral Fee/Commission: Ranges between 5% and 15% per sale, depending on the product category.
You can check out the detailed pricing for Amazon here.
b) Shipping: A seller has the option of either shipping the product to customers himself, or using the Fulfillment by Amazon (FBA) to ship products.
In case the sellers signs up for FBA, he is required to stock the products at the various Amazon Fulfillment Centers. Whenever an order is placed by the customer, Amazon packages and ships the product to the customer. The seller is charged extra for the following:
Storage Space: Rs 14.2 per cubic feet per month
Shipping: Rs 40 to Rs 45 per 500 grams
Packaging: Rs 10 to Rs 25 per unit
Delivery Service Fee: 1% of item value
You can read the detailed pricing card for the Fulfillment by Amazon program here.
c) Packaging: Packaging material is not provided by Amazon for sellers, unless they sign up for FBA. In that case, packaging is undertaken by Amazon themselves.
d) Payout Period: Amazon disburses payments to sellers’ bank accounts once every week. A seller is eligible to get paid for an order 7 days after it is confirmed as shipped.
e) Marketplace Size: Amazon has close to 10,000 sellers on its marketplace in close to 10 months of operation in India. The website receives almost 10 million unique visitors every month. It offers more than 2 Crore products, in addition to 12 million books and 2 million e-books.
2) eBay : Another name synonymous with selling online is eBay. The online retail giants were founded in 1995 and took just 10 years to enter the Indian market, in 2005. One major difference between eBay and other marketplaces is that you have two options while pricing your products.
You can either list a fixed price for a product or choose an auction type price. You can select a minimum bid amount and also an end date for the auction. The highest bidder at the end of the auction gets to purchase the product.
a) Pricing: The pricing structure on eBay is a little more complicated and varies depending on a lot of factors. Here is a brief of the different charges that a seller incurs on eBay.
Subscription Fee: On eBay, you can choose to be a Non Shop Subscriber or a Subscriber (3 different plans). You avail benefits depending upon which plan you are subscribed to. Here are the rates for the different plans available on eBay.
Basic Store: Rs 499 per month
Featured Store: Rs 1999 per month
Premium Store: Rs 3999 per month
Insertion Fee: To list a product on your store, you are charged a listing fee. The first 100 products are free of the listing fees for every seller. After that, the rates charged are as follows.
3) Shopclues : A comparatively newer entry into the Indian eCommerce scenario, ShopClues has seen immense growth since its launch in 2012. The marketplace offers great deals for buyers and is popular among young shoppers online. The growth curve has risen steeply over the last 12 months and the company has also raised more than $15 million in funding till date.
a) Pricing: The pricing for ShopClues is very less complicated and is designed to attract merchants to sell on the marketplace. The pricing structure is performance based, which means that a seller only pays for a successful sale on ShopClues. Here is a breakdown of the charges a seller has to incur.
Subscription Fee: Nil. There is no subscription or listing fee charged by ShopClues.
Listing Fee: Nil. There is no fee for listing your products on ShopClues.
Selling Service Fee: For every successful sale, a commission is charged by ShopClues. The charges vary between 4% and 20%, depending on the type of product that you sell.
You can check out the detailed pricing structure for ShopClues here.
b) Shipping: For shipping orders that you receive on ShopClues, a merchant has to use Fulfillment by ShopClues, unless rare conditions are met by the sellers (like being out of operational area of all Shopclues logistics partners). A merchant is not allowed to use his own logistics arrangement to ship products through ShopClues.
A merchant starts off as a ShopClues Velocity Basic (SCVB) member. Once he starts selling on ShopClues and meets the required eligibility criteria, he is given the option to upgrade to the ShopClues Velocity Premium (SCVP) plan. The shipping charges are as follows. Shipping charges for every 500 grams is Rs 45.
c) Packaging: ShopClues provides packaging material to sellers to pack their products. In the SCVB plan, a seller has to pack the product and the courier representative picks the packed product. In case of SCVP, the seller just has to hand over the loose product and the entire packaging and shipping procedure is taken care of by ShopClues.
Packaging charges: For every item packed by ShopClues, a charge of Rs 3 to Rs 9 is levied on the seller. For most items, this charge is Rs 9.
d) Payout Period: The merchants are paid out every week on Wednesday. The payouts are made for all products sold prior to that Monday, which have achieved the ‘Complete’ status.
e) Marketplace Size: Over 100,000 registered merchants are registered on the marketplace. More than 1.6 Crore products are listed for sale on ShopClues to over 50 million visitors every year.
4) Snapdeal : Snapdeal is a daily deals site turned online marketplace that started 4 years ago. Its huge rise in the last few years has seen it raise a tremendous amount of investment to fund its growth further. Here is a review of the services it provides to sellers for selling their products on their platform.
a) Pricing: Snapdeal is another marketplace that believes in a performance based pricing structure for its sellers. Here is what all you are charged for when selling at Snapdeal.
Subscription Fee: Nil. There is no subscription or listing fee charged by Snapdeal.
Listing Fee: Nil. There is no fee for listing your products on Snapdeal.
Successful Sale Commission: Though Snapdeal does not allow anyone to share the exact commission rates, they usually charge between 4% and 20% for every successful sale through them. The rates are similar to those offered by ShopClues.
b) Shipping: For a Snapdeal seller, it is mandatory to use the services of their logistics partners. The seller has to keep the order packed and the courier partners pick them up from the seller and deliver it to the customer.
Shipping Charges: The exact rates aren’t disclosed publicly, but they are approximately Rs 40 for every 0.5 Kg shipment. This cost is inclusive of all shipment charges.
Snapdeal also provides its sellers an innovative order fulfillment tool named SafeShip, which they can use to track and manage their orders with ease. Recently, they opened the SafeShip service for rival eCommerce companies to use as well. You can read more about SafeShip here.
c) Packaging: Packaging material is provided to the sellers by Snapdeal for an extra charge. The packaging material is charged at Rs 3 per order.
d) Payout Period: The seller is paid out for a successful order within 3 weeks of the dispatch date.
e) Marketplace Size: Snapdeal is one of the largest eCommerce players in India, with more than 4 Crore+ registered users. There are upwards of 10 million products up for sale from more than 60,000 sellers.
5) Flipkart : Flipkart is the success story of the Indian eCommerce industry. The 7 year old company is the largest eCommerce startup in India and has become a household name in the country.
It caters to a large number of sellers and buyers and offers wonderful services, which has seen its reputation skyrocket in the last few years. Here is how the marketplace ranks up in the different parameters.
a) Pricing: Flipkart is another marketplace that follows the performance based pricing structure. Here is a breakdown of the charges that you have to bear on Flipkart as a seller.
Subscription Fee: Nil. There is no subscription fee involved in selling your products on Flipkart.
Listing Fee: Nil. There is no fee required to list your products on Flipkart.
Commission: Flipkart also maintains confidentiality with regards to the exact commission rates that they charge on every product. The charges vary between 4% and 20% for every successful sale through them and many sellers get personalized rates depending on the quantity of sales they guarantee.
b) Shipping: For shipping, Flipkart uses its own logistics service eKart. It is mandatory for the sellers to use their services when shipping orders to customers. It is the seller’s responsibility to pack the order and keep it ready for the courier representatives, who collect it from the seller.
Shipping Charges: Once again, the exact rates aren’t disclosed by Flipkart, but the shipping rates are around Rs 35 per 0.5 Kg delivered through eKart.
c) Packaging: Flipkart usually does not provide packaging material to its sellers. But in certain rare cases, if a large quantity of orders is guaranteed by a seller, Flipkart does provide the material.
d) Payout Period: The payment cycle on Flipkart for sellers is different for the two different tiers of sellers. All new sellers start off as Tier-2 sellers. Once the seller completes one month on Flipkart with minimum 30 transactions, he is considered a Tier-1 seller. However, for this to happen, a settlement defect rate of less than 5% has to be maintained. If it shoots higher than 5%, the Tier-1 seller status is downgraded again to Tier-2.
The payout times for the different tiers are:
Tier-1 Seller: The payment cycle for all tier-1 sellers is Dispatch Date + 5 business days.
Tier-2 Seller: The payment cycle for all tier-2 sellers is Dispatch Date + 10 business days.
e) Marketplace Size: Flipkart has a relatively low number of sellers when compared to its competitors, with around 3,000 sellers active on the marketplace. This is due to the company’s policy of onboarding sellers after a stringent quality check.
Still, it was the first Indian eCommerce company to touch $1 billion in sales, earlier this year.
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a) Pricing: The following is a summary of the pricing charged by Amazon for listing and selling products.
Monthly Subscription Fee: Rs 499.
Closing Fee: Rs 10 charged on every sale that you make through them.
Referral Fee/Commission: Ranges between 5% and 15% per sale, depending on the product category.
You can check out the detailed pricing for Amazon here.
b) Shipping: A seller has the option of either shipping the product to customers himself, or using the Fulfillment by Amazon (FBA) to ship products.
In case the sellers signs up for FBA, he is required to stock the products at the various Amazon Fulfillment Centers. Whenever an order is placed by the customer, Amazon packages and ships the product to the customer. The seller is charged extra for the following:
Storage Space: Rs 14.2 per cubic feet per month
Shipping: Rs 40 to Rs 45 per 500 grams
Packaging: Rs 10 to Rs 25 per unit
Delivery Service Fee: 1% of item value
You can read the detailed pricing card for the Fulfillment by Amazon program here.
c) Packaging: Packaging material is not provided by Amazon for sellers, unless they sign up for FBA. In that case, packaging is undertaken by Amazon themselves.
d) Payout Period: Amazon disburses payments to sellers’ bank accounts once every week. A seller is eligible to get paid for an order 7 days after it is confirmed as shipped.
e) Marketplace Size: Amazon has close to 10,000 sellers on its marketplace in close to 10 months of operation in India. The website receives almost 10 million unique visitors every month. It offers more than 2 Crore products, in addition to 12 million books and 2 million e-books.
2) eBay : Another name synonymous with selling online is eBay. The online retail giants were founded in 1995 and took just 10 years to enter the Indian market, in 2005. One major difference between eBay and other marketplaces is that you have two options while pricing your products.
You can either list a fixed price for a product or choose an auction type price. You can select a minimum bid amount and also an end date for the auction. The highest bidder at the end of the auction gets to purchase the product.
a) Pricing: The pricing structure on eBay is a little more complicated and varies depending on a lot of factors. Here is a brief of the different charges that a seller incurs on eBay.
Subscription Fee: On eBay, you can choose to be a Non Shop Subscriber or a Subscriber (3 different plans). You avail benefits depending upon which plan you are subscribed to. Here are the rates for the different plans available on eBay.
Basic Store: Rs 499 per month
Featured Store: Rs 1999 per month
Premium Store: Rs 3999 per month
Insertion Fee: To list a product on your store, you are charged a listing fee. The first 100 products are free of the listing fees for every seller. After that, the rates charged are as follows.
3) Shopclues : A comparatively newer entry into the Indian eCommerce scenario, ShopClues has seen immense growth since its launch in 2012. The marketplace offers great deals for buyers and is popular among young shoppers online. The growth curve has risen steeply over the last 12 months and the company has also raised more than $15 million in funding till date.
a) Pricing: The pricing for ShopClues is very less complicated and is designed to attract merchants to sell on the marketplace. The pricing structure is performance based, which means that a seller only pays for a successful sale on ShopClues. Here is a breakdown of the charges a seller has to incur.
Subscription Fee: Nil. There is no subscription or listing fee charged by ShopClues.
Listing Fee: Nil. There is no fee for listing your products on ShopClues.
Selling Service Fee: For every successful sale, a commission is charged by ShopClues. The charges vary between 4% and 20%, depending on the type of product that you sell.
You can check out the detailed pricing structure for ShopClues here.
b) Shipping: For shipping orders that you receive on ShopClues, a merchant has to use Fulfillment by ShopClues, unless rare conditions are met by the sellers (like being out of operational area of all Shopclues logistics partners). A merchant is not allowed to use his own logistics arrangement to ship products through ShopClues.
A merchant starts off as a ShopClues Velocity Basic (SCVB) member. Once he starts selling on ShopClues and meets the required eligibility criteria, he is given the option to upgrade to the ShopClues Velocity Premium (SCVP) plan. The shipping charges are as follows. Shipping charges for every 500 grams is Rs 45.
c) Packaging: ShopClues provides packaging material to sellers to pack their products. In the SCVB plan, a seller has to pack the product and the courier representative picks the packed product. In case of SCVP, the seller just has to hand over the loose product and the entire packaging and shipping procedure is taken care of by ShopClues.
Packaging charges: For every item packed by ShopClues, a charge of Rs 3 to Rs 9 is levied on the seller. For most items, this charge is Rs 9.
d) Payout Period: The merchants are paid out every week on Wednesday. The payouts are made for all products sold prior to that Monday, which have achieved the ‘Complete’ status.
e) Marketplace Size: Over 100,000 registered merchants are registered on the marketplace. More than 1.6 Crore products are listed for sale on ShopClues to over 50 million visitors every year.
4) Snapdeal : Snapdeal is a daily deals site turned online marketplace that started 4 years ago. Its huge rise in the last few years has seen it raise a tremendous amount of investment to fund its growth further. Here is a review of the services it provides to sellers for selling their products on their platform.
a) Pricing: Snapdeal is another marketplace that believes in a performance based pricing structure for its sellers. Here is what all you are charged for when selling at Snapdeal.
Subscription Fee: Nil. There is no subscription or listing fee charged by Snapdeal.
Listing Fee: Nil. There is no fee for listing your products on Snapdeal.
Successful Sale Commission: Though Snapdeal does not allow anyone to share the exact commission rates, they usually charge between 4% and 20% for every successful sale through them. The rates are similar to those offered by ShopClues.
b) Shipping: For a Snapdeal seller, it is mandatory to use the services of their logistics partners. The seller has to keep the order packed and the courier partners pick them up from the seller and deliver it to the customer.
Shipping Charges: The exact rates aren’t disclosed publicly, but they are approximately Rs 40 for every 0.5 Kg shipment. This cost is inclusive of all shipment charges.
Snapdeal also provides its sellers an innovative order fulfillment tool named SafeShip, which they can use to track and manage their orders with ease. Recently, they opened the SafeShip service for rival eCommerce companies to use as well. You can read more about SafeShip here.
c) Packaging: Packaging material is provided to the sellers by Snapdeal for an extra charge. The packaging material is charged at Rs 3 per order.
d) Payout Period: The seller is paid out for a successful order within 3 weeks of the dispatch date.
e) Marketplace Size: Snapdeal is one of the largest eCommerce players in India, with more than 4 Crore+ registered users. There are upwards of 10 million products up for sale from more than 60,000 sellers.
5) Flipkart : Flipkart is the success story of the Indian eCommerce industry. The 7 year old company is the largest eCommerce startup in India and has become a household name in the country.
It caters to a large number of sellers and buyers and offers wonderful services, which has seen its reputation skyrocket in the last few years. Here is how the marketplace ranks up in the different parameters.
a) Pricing: Flipkart is another marketplace that follows the performance based pricing structure. Here is a breakdown of the charges that you have to bear on Flipkart as a seller.
Subscription Fee: Nil. There is no subscription fee involved in selling your products on Flipkart.
Listing Fee: Nil. There is no fee required to list your products on Flipkart.
Commission: Flipkart also maintains confidentiality with regards to the exact commission rates that they charge on every product. The charges vary between 4% and 20% for every successful sale through them and many sellers get personalized rates depending on the quantity of sales they guarantee.
b) Shipping: For shipping, Flipkart uses its own logistics service eKart. It is mandatory for the sellers to use their services when shipping orders to customers. It is the seller’s responsibility to pack the order and keep it ready for the courier representatives, who collect it from the seller.
Shipping Charges: Once again, the exact rates aren’t disclosed by Flipkart, but the shipping rates are around Rs 35 per 0.5 Kg delivered through eKart.
c) Packaging: Flipkart usually does not provide packaging material to its sellers. But in certain rare cases, if a large quantity of orders is guaranteed by a seller, Flipkart does provide the material.
d) Payout Period: The payment cycle on Flipkart for sellers is different for the two different tiers of sellers. All new sellers start off as Tier-2 sellers. Once the seller completes one month on Flipkart with minimum 30 transactions, he is considered a Tier-1 seller. However, for this to happen, a settlement defect rate of less than 5% has to be maintained. If it shoots higher than 5%, the Tier-1 seller status is downgraded again to Tier-2.
The payout times for the different tiers are:
Tier-1 Seller: The payment cycle for all tier-1 sellers is Dispatch Date + 5 business days.
Tier-2 Seller: The payment cycle for all tier-2 sellers is Dispatch Date + 10 business days.
e) Marketplace Size: Flipkart has a relatively low number of sellers when compared to its competitors, with around 3,000 sellers active on the marketplace. This is due to the company’s policy of onboarding sellers after a stringent quality check.
Still, it was the first Indian eCommerce company to touch $1 billion in sales, earlier this year.
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These are top platforms to sell products online, Amazon provide the services called fulfillment by Amazon (AmazonFBA)
ReplyDeleteHere in this article we have describe how to get profits using Amazon FBA: http://www.orderhive.com/how-to-create-a-profitable-business-using-amazon-fba/
Read and review on the article.