Reselling business is a very convenient and profitable business. However, it recently emerged in India with great opportunities in all fields. Therefore, if you want to know how to start reselling business in India, I have got the best information you need.

There are two types of reselling business in India:

  • Offline
  • Online

Offline Reselling is when you keep stock at your home and sell them to neighbours, friends, relatives or anyone in your circle. Also, you allow them to visit your home and see the products.

Online Reselling is when you create an online page to sell the items and also showcase them online. Also, you do not have to worry about logistics in online reselling. Most importantly, you can also sell your items worldwide.

Steps to start a Reselling Business

  1. Register your Company: The first and most important step to start any business is to register it. Above all, a registered business proves that it is legal and increase the trust of the customers. Also, it guarantees you legal protection. Therefore, as soon as you decide on a name for your business, do the Online Company Registration.

  2. Apply for GST registration: Getting your GST Certificate is the next step to be a legal taxpayer and run the business legally in the eye of law. Also, if you avoid any licenses, then you may have to face penalties. However, you can avoid GST registration if your turnover is below 40 lacs.

  3. Open a Business Bank Account: It is important to keep your business and personal assets separately to identify the exact profit and losses. Therefore, open a bank account to receive and pay all the business expenses and payments.

  4. Open an Online shop: There are various reseller hosting web applications that allow you to open a shop on their website and list your products. Above all, you can also set your profit margins. They also offer in-app guidance to start the shop.

Here is a list of Top 5 Reseller Hosting Applications that you must have to start a reselling business in India:

  • Meesho
  • Shopmatic
  • OfferUp
  • eBay
  • Glowroad

Investment Required for Reselling Business

Firstly, the investment depends upon the products you are reselling.

However, to start with, you only need an investment of Rs. 1 – 3 lacs.

Space Required to start a Reselling Business

As such, you don’t need to rent or buy any space for reselling business. Therefore, you can store some of the goods in a particular room in your house. Here is a tip, please make sure the storage area is safe from rats or water leaks to keep your products safe.

Products to Resell

Now, you may be thinking of what products can you resell. Interestingly, you can sell anything in the reselling business. Therefore, first, identify who your customers are and what are they willing to buy.

For example, if you have a big circle of women and girls, you can start a cosmetics and women clothing reselling.

List of Products you can resell that have high profit and demand:

  • Clothes
  • Jewellery
  • Stationary
  • Books
  • Beauty products
  • Electronics

 

Conclusion

To sum up, starting a reselling business in India needs the littlest investment, but also you need to have a potential group to resell your products. Only after that you would be able to generate profits. I hope I solve your query on how to start reselling business in India. Best places to start this business is New Delhi, Mumbai, Bangalore etc. where people likes to go with the trending stuffs, so you can also go for company registration in Mumbai, New Delhi etc.