Thousands of Indians have started and established their online business successfully. To grow with them and join the Amazon marketplace, here are the four things you need:
Business Entity Name
For registering yourself as an Amazon seller partner it is highly recommended that you register as an LLP (Limited Liability Partnership), or OPC (One Person Company), or Private Limited Company, as these entities provide limited liability protection and are easy to start.
While selling products through online e-commerce portals like Amazon, the business promoter could theoretically face litigation or liability from vendors/customers and therefore it is very important to have limited liability protection. If you’re selling your products via a registered business entity (Limited Liability Partnership or Private limited Company) then you must enter the entity name, else enter the proprietor’s name.
Address and Phone Number
You must give the entity’s registered office address or place of business in the respective column. You have to provide a phone number that can be a mobile number as Voice Call or SMS verification would be needed for registration.
Once you register your account on Amazon, you will be required to share your contact number and email address. These details (contact number and email address), once verified will help you connect with your customers and keep a tab on your daily order notifications.
GST Number –
With the latest indirect Taxation system coming into execution in the June of 2017, all forms of indirect taxation are now clubbed under one umbrella, GST (Goods and Service TAX). The A to Z GST Guide can briefly help you understand how you can enroll for GST if you are new seller and don’t have a GST number yet.
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 deductions and also works as a proof of identification at some places.
Your individual PAN Card/number is different from a business PAN number. 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 benefit of doing an online business is that you also earn online. The amount of money you earn through sales is directly transferred to your registered bank account. 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.
How it works
Selling products on Amazon is easy and simple. First, you need to list the products which you wish to sell on Amazon marketplace. When a customer makes a purchase, you will get a notification for the same requiring you to ship the product. You can either initiate the delivery of the selected product to the customer and confirm shipment, or let Amazon fulfil the order for you through their logistics arm. Thereafter, Amazon will credit the funds to your bank account after deducting its fees.
In case you are still wondering where to start, you can go through our ‘’Start Selling Guide’’ and quickly register yourself to sell online on Amazon.
We are the certified Amazon Service Provider Network. And also having a team that has 8+ years of experience in onboarding, listing and sales boost. You can avail our services by taking our services. Call us today on +919654553640
want to learn more about us? click here