Earn selling goods online sitting at home
today’s digital world, many opportunities exist to earn money, but most require specific skills. This can be a barrier for many people who lack these skills or the necessary connections in the industry. However, we have a business idea that you can start from home: Retail Trading.
in this article we’ll see How much money is needed to start Retail Trade?
Welcome to this article in which I will tell you what retail trading is and how you can earn money from it. Friends, I will tell you how much money you can earn if you do this for a year.
What is Retail Trade?
If we buy goods from any retailer and sell them in the online market, then it is called retail trading. This work is very easy to do, and it can be started at low cost. At the same time, there is no need for you to be a member of the external community nor is there any need to hire different people.
For example Once upon a time, there was a young woman named Maya who loved to buy unique jewelry. One day, she found a beautiful necklace online that she absolutely fell in love with. The price listed was ₹2000, and she thought it was a fair price for such a stunning piece. But she Found same necklace in cheap price from local market.
Maya decided to visit a local jewelry store to see if she could find something similar. To her surprise, she found a necklace that was almost identical to the one she had purchased online, but it was priced at only ₹500, she purchased the one from the local store. Inspired by this realization, Maya decided to start her own online jewelry store, where she could offer beautiful pieces at affordable prices. Today, her business is thriving, and she has many happy customers who appreciate the quality and affordability of her products.
If you’re also interested in starting your own online business, Maya’s story shows that it’s possible with the right mindset and approach.
How to Earn – With Retail Trade in India
First of all you have to choose any one product. If you are not sure which product you should choose, then first of all you have to go to any local market or wholesale Traders, where the same product is available at cheaper prices. Choose any item in that market whose online price is 2 times the market price.
After receiving the product, now you have to get its photography done in which a good picture of the product has to be taken. Also, you have to create an account on any e-commerce website like Amazon, Flipkart, Meesho, or Casify. To create an account, you need to have some documents like GSTIN number, PAN card, and name of your shop etc.
If an account is created on an e-commerce website, then the photo of the product has to be uploaded and the price has to be kept lower than the products of other accounts. And then he has to run ads on the e-commerce website so that you can get quick success. If you do not have that much capital then you can also skip this step.
How much money is needed to start Retail Trade?
To start a retail trade, you will need some capital which you can divide into several parts. First of all, after selecting the product, you just have to get the photography done, there is no need to buy it now, which will cost you around ₹ 1500.
In the next step, it will cost around ₹ 1500 to get the GSTIN number and you are ready to do this work. Also, if orders start coming in, you will have to spend a little more, such as packaging and printed bills, the total expense of which will be ₹ 20 to ₹ 30 on each product.
In this article, we have explained step by step all the ways to earn lakhs by doing retail trading and also in this article we have told how much money you will need to do retail trading. Let us tell you that you can start it even with ₹ 1500. If you have reached the last stage of this article, then please share this article with your friends and family.
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Disclaimer – The information provided in this blog is for educational and informational purposes only.