Title: How to start online book store in India
1How to start online book store in india
2How to start online book store in India
- Books are one of the top things bought over the
Internet. An online book shop is an incredible
business model for start ups in India. Books are
the things from where many great start ups like
Flipkart and Amazon started, the reason books are
considered as the best product to start an
eCommerce business as there is not much variation
in the product like quality, fabric, size etc.,
and so, because of this people tend to easily
trust the site and then it becomes easy for the
website to sell other products. In online
business, once you have customers trust you can
sell anything to them and they would easily buy
from you. This is the actual take of experts on
the success of amazon and flipkart.
3Why to start business of book selling in India
Online
- The market of books and educational products is
growing rapidly in India, the first question
which comes to mind here is Is this venture
really feasible or why does people will buy
from your online store rather than their local
book shops or offline stores, the answer is the
size of discounts an online store can give is for
too greater than any offline. And also the range
of books, their huge catalogs in various
categories offered by online store can be
incomparable. Comparisons between different
authors, publications, readers review etc. gives
customers an extra reason to shop online. Hence
people prefer to spend more time online
researching the book and buying them there,
rather than to go to any local stores, as there
is no one to give them any information about the
book.
4Business plan for starting an online book store
how to a start bookstore
- The next thing to look for is what are the
things on which you need to work on to setup your
online bookstore business.. - Finalizing a perfect Domain Name or Business
Name - The first step for getting started will be to
find a good and relevant domain name of your
venture and the best way is to use the online
tools which can help u in some domain
suggestions. You can check the list of tools for
finding a perfect domain name here. Next step
after finding a business name of your choice will
be getting the legal formalities and other terms
like venture
5Business licenses needed for staring online book
selling business in India or starting online
business in india
- Legal formalities of starting a Book based
venture is simple, it includes a registration of
the business, like getting a proprietorship firm
registered, or if there are more than one
founders, then getting an partnership firm
registered will be required. -
- The registered firm will also be required to
get a VAT number or a TIN number as per state
legal formalities. These are required for selling
products with Invoicing and for other
formalities. For this you can take help of a
local Chartered Accountant.
6Website for starting business of book selling
- The most important part this business or for
starting ecommerce business in India, is your web
store. So for the website the best part I would
recommend for the start up is choosing some kind
of eCommerce platform which can help u with
complete hassle free solution. You can go for
Nationkart to build your store as they can help u
with complete single window solution like
business registration, domain search, logo
designing, web store design with responsive
model, SEO and all other steps.
7Getting a payment gateway
- There are many payment gateway aggregators in
India who can help you with the system which is
required for accepting payments online in your
web store. - Here are the basic Transaction charges that would
be charged by a payment gateway aggregators in
India for getting an online transaction in your
store. - Debit cards 0.75-2
- For Credit Cards 2.0 3.9
- For Net Banking 2.0 3.0
- The commercials mentioned above are approximate
and will depends on the aggregator u go for,
8Getting an Logistics company for shipping
- For the logistics part either you can contact 3rd
party service providers like Bluedart, Fedex,
DTDC or you can contact Nationkarts executives
for NPOST. This can help you to get discounted
rates, and also automated system for shipping and
logistics.
9Product Sourcing for starting up an online
bookstore.
- One of the most important part is finding a
perfect supplier of the books, basically there
are two kind of suppliers, publishers and
distributors. Publishers are the ones who
publishes the books and distributors are some one
from whom you can get inventory of multiple
publishers at single desk. Suppliers Locations
in India You can get all the major publishers
and distributors in Daryaganj, Delhi. And also,
each of the distributors have their sub branches
in most of the cities.
10bookstore business plan Margins / Profitability
and ROI Calculations
- Starting up an online bookstore can be profitable
in India if one acquires a large volume of
traffic and is successful in converting the
traffic into sales. - The margin percentage provided by the publishers
on the books - Discounts in terms of age on the MRP
11Margin Margin Margin Margin
A.B. 25 N.Age 30
Abhinav Pub 35 Narosa 25
Abp 30 Natraj 35
Aitbs 30 Nbt 30
Allied Pub. Pvt. Ltd. 25 Neelkamal Publ 30
Ane Books 30 Nem Chand Brothers 15
Api 35 Nirali 15
Associated 20 Oclc 30
B.Jain 30 Orient Longman 30
Bpb 30 35 Oup 33.33
Bright Publication 40 Oxibh 30
Bsc 40 Palgrave 30
Bsp Books Pvt. Ltd. 25 Paragon 35
12Butterworth 30 Penguin 30
Cambridge 30 Penram 30
CBS PUB 30 Pentagon Press 35
CHILDREN BOOK TRUST 30 Phi 30
Cengage 30 40 Popular Prakashan 33
Charotar 20 Prabhat Prakashan 33
CENTRAL PUBLISHING HOUSE 20 Pragati 20
Danika 35 PEARSON 27.5 40
Dhanpat Rai 20 Qford 35
Diamond Books 35 Rajpal 33.33
Ebd 35 Rang 30
Elsevier 30 Rastogi Pub. 20
Excel Books 33.33 Rawat Pub. 30
13Exme 30 Roli Books 35
Frank 20 Rupa 30
G.K.Pub. 35 S.Chand 20
Galgotia 35 S.K.Kataria 25
Gpc 35 Sage Pub.Pvt.Ltd 35
Hbs 30 Sahni Brothers 33.33
Hpb 35 Satya Prakashan 20
HIND POCKET BOOKS 20 Standard 20
I.K.Int 30 Scientific Publisher 25
Ibd 30 Scitech Pub. 30
Ibdc 25 Sharda Pustak Bhawan 25
Ibh 35 Spectrum 35
Icfai 30 Springer 30
14Indrapublishing House 35 STERLING 25
Jagran 30 Student Edition 30
Jaico Pub. 35 Sun India Publications 20
Jain Brothers 30 Surjeet Pub. 30
Jawahar 25 Taxman 20
Khanna 20 Taylor And Francis 30
KEDARNATH 20 Techmedia 30
Konark Pub. 30 Teksons 35
Laxmi Pub. 22.530 Think Inc. 35
Loyal 30 Tmh 32.5 40
Macmillan India 25 Udh 30
Made Easy 40 Umesh 20
Manjul Pub. 35 Universal 30
Metropolitan Book Co. (P) Ltd. 20 Vikas 30
MCGRAWHILL INTL 30 Viva Books 30
Mlbd 30 Vrinda Pub 25
Mpp 15 Wiley India 30
Word Press 30
15 The list is not updated every day as per
changes in pricing and is for informative purpose
only.