How would you like to have an established online-space to sell your products?
How would you feel if your product held a top-selling place in a successful e-commerce site?
I am pretty sure that if I ever had a product, finding a place like this would be amongst my worldly interests. Even if I didn’t own a product, a space like this can prove to be a good way to buy and sell other products at a profit.
If you are someone even slightly smarter than me, then it would have been obvious that I was mentioning about the e-commerce giant Amazon as one of my worldly interests.
Amazon has been like magic, in terms of leveling the playing field. By registering as a seller you can put your product up amongst the likes of million-dollar investment products.
Why is Amazon the best E-commerce site in India?
Amazon has been around the e-commerce business for more than two decades now. The multi-million dollar giant first started as an online book store. Under the guidance of its founder Jeff Bezos, the company has evolved into an online Wallmart, breaking the rules and bounds of an e-commerce business.
The giant landed its afoot in India in 2013 and without much competition, turned out to be an instant success. It now employs a large number of Indians from its newly built headquarters in Hyderabad.
E-commerce has gained a new direction, all thanks to the Amazon boom in India. The best thing above all this is how you can become a very good seller in amazon, reaping good profits. The process is also quite easy and well look at how you can get yourselves easily registered as an Amazon seller.
Requirements to Register on Amazon
Engaging yourself as an Amazon seller is quite easy and can be fulfilled by taking up some criteria.
You will need to supply amazon with the following details for registering yourself as one of their sellers. We’ve listed the necessary details and documents in bullet points below
- Registered Name of the business.
- Business Address and Phone Number.
- Bank Account Details.
- GST Registration (Mandatory).
Steps leading to the Process of Signing up
It can be really easy if you could get yourself to Amazon’s primary landing page (https://services.amazon.in/services/sell-on-amazon/benefits.html?LD=CPINSOA-CT-Mar-2 ), for a firsthand check of the various requirements.
Once you open the signup link, you will be provided with all the necessary details and documents needed to fulfill yourself as a seller. But we also must provide you with the best of information for this process, cause we are awesome people and we always want the best for you.
Registered Business name
The name of your registered business as mentioned with the Government bodies (Registrar of Companies or Local Municipal Authority) is required.
That means if your business is not already registered, then it needs to be registered first. In case of Private Limited Company (PLC) or One Person Company (OPC) or Limited Liability Company (LLP) or Section 8 Company (Not-for-Profit company like trust, society or NGO), in all these cases, you need to have your business registered with Registrar of Companies (ROC) which comes under MCA (Ministry of Corporate Affairs)
You can also have your business registered with local municipal bodies in case of proprietorship. partnership or HUF business structures.
But, i is also highly recommended to register your business as LLP or OPC for an easy start to get yourselves sorted as an Amazon seller, as these business structures give more authenticity as they are registered with ROC, but the compliances are far lesser than a PLC (Private Limited Company).
Business Address and phone number
You also need to mention your phone number for verification through messages and a phone call. Do keep in mind that the number will be considered as your professional seller number.
The address must also be of one that is mentioned in the registrar of companies directory or local municipal directories. A registered business address is highly preferred for your selling address. But if you’re an independent seller, then it is suggested to give one of your permanent addresses for the purpose.
Information about the bank account
It is always preferred to have a bank account that is separately used for amazon selling purposes. The details required of your bank account are as follows:
- Bank Account Number
- Bank IFSC Code
- Account Type
- Account holder name
All of these details stand preliminary in the field of registering as an amazon seller.
GST Registration (Mandatory)
GST Registration stands of utmost importance ever since the dawn of GST Regime under the Indian Taxation law.
It is mandatory to provide your GST number (referred to as GSTIN) as a reference when registering as an amazon seller.
Further, for each state where you want to avail Amazon’s FBA Plan (Fulfilment By Amazon), you need to mandatorily have a GST Registration of each of those states. Without that Amazon doesn’t allow you to store your products in their FC’s (Fulfilment Centres). Therefore for faster delivery to your clients (1 Day Delivery) and to lower your shipping cost by 67%, you need to have FBA in those Amazon clusters/regions. This further increase your sales drastically as customers always buy products with Prime Delivery.
Since every GST registration requires a business to have documents of a professional address which allows them to register at that address. If you want a VPPOB Address (Virtual Principal Place of Business), you can book that for as low as INR 1000/month from here: InstaSpaces
Once you have registered all the details, you are a registered Amazon seller. Your product will be listed and whenever a customer makes a purchase, you will be notified and asked to be shipped to the customers. You can also choose for an Amazon executive to pick-up the product from your place under some circumstances
We hope this article was helpful and informative for you to start selling as an Amazon partner.