Have you ever wanted to go back to school only so you could get summer vacations? If you dread stepping out during summers like most of us do, then we have something for you.
Summer in India is largely merciless. Due to the geographical positioning of the country, summer months in India can be long and uncomfortable. So, what can you do? As an adult, you have to take that morning bus or train and get to work and no matter how much or how well you prepare, the heat still gets to you. What if we said, this year take a step in a different direction? Set up a business that allows you the convenience of working from home.
There are various online marketplaces that allow quick and easy registration, Amazon being the one that also lets you register to sell globally. In fact, here are the four steps that you need to follow to register your online store:
- Contact Details – Once you have clicked on the register button, you will be directed to a page that will request you to share your contact number and email address. These details are essential for verification so that customers can get in touch with you whenever required and you can comfortably keep a tab on your business with daily order notifications.
- GST Number – With the latest indirect Taxation system coming into execution last year, all forms of indirect taxation are now clubbed under one umbrella, GST (Goods and Service TAX). The A to Z GST Guide can help you identify the steps to register yourself for a new GST number if you don’t already have one and can also answer other tax related queries.
- PAN number – The PAN (Permanent Account Number) is an essential document issued by the Income TAX department of India to all individuals and business owners. The unique 10 digit number helps keep a track on your TAX related transactions and also works as a proof of identification in some places.
Your individual PAN Card/number is different from a business PAN number. Therefore, if you are self-employed and own a business, you will have two PAN numbers, one for yourself and the other one for your business.
- Bank Account Details – The most important step of setting up an online business is to share your bank account details accurately. This is the only channel through which your earnings can be transferred to you directly in a timely fashion. To enable this, you must provide your complete bank account details including the IFSC code and other necessary details. You can also read our article on how to open a bank account if you haven’t opened one already.
Many first time sellers wonder what they can sell on an online marketplace. While, the answer is as simple as, everything that the law of the country allows. Let us help you with some summery themes, like cotton apparel, homemade summer drinks, funky summer umbrellas, summer footwear and summery accessorize. If you have a better summer business idea, please share it with us in the comments section.