Education and Accounting is the backbone of you don’t know hi concepts life. If education is to be improved then your skills and knowledge of future generation is improved and you can focus on accounting then financial goals and business are improved. There is a common thing among these dono that a business model generates good revenue. And that is “stationery business”, what business me is notebooks, pens, pencils, rubber, books, art and craft items, geometry boxes, decorative items, special cartoon books, kids accessories, school bags, uniforms and all schooling and education related goods are sold.
In the stationery business, books for accounting, bill books, stock for printing, printing accessories, storage files, writing pads etc. are sold, which are used for accounting purposes in every business. Till now stationery business has been seen as a retail and wholesale offline business. If we talk about the online concept, its demand is also seen on online e-commerce portals like Amazon and Flipkart.
Everyone has a problem to start stationery business online, to make it simple and for your best solution, “How is online stationery business? “Everything you have understood in detail I am in the article.
What is stationery business?
Stationery business can be seen from the point of view, in which stationery related to school, stationery related to college, uniform, shoes, bags, water bottles etc. For the same business is business me pen, pencil, A4 size sheets, glossy pyou caners, writing pads, folders, ink, sticking objects, notepads, bill books etc.
To do stationery work at a good level, some people also include additional stationery related business such as stamp manufacturing, post office stamp sales, online competitive exam form filling, greeting or wedding card making, gift card selling or even project selling. These include:
All the products are sold from a single store (wholesale or retail) of stationery. But its online model is completely different from that as your investment in it and order quantity varies a lot.
How much is the investment in stationery business?
To run stationery business, you have to focus the most on the market place and if you want to do you can Flay offline stationery business, then you should try that your shop is in a school or college or any legal institution there. You are on it.
Estimate for opening a stationery shop 400 meters square wants you to wake up and you should register your business too bad to start the business. Talking about is business me investment, is business me you think that there is work in which you can can open a good stationery shop in 50 to 60 thousand with work. According to your budget, you can includes more worklines like wedding card business, school uniform business etc.
In stationery business you also have very less legal registration cost and accounting cost and to start business by taking product from any stationery wholesale market in you can India.
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How to start online stationery business?
To start online stationery business, you do not have to do anything different if you have a stationery shop and if you can is a retailer or a wholesaler then brings your shop or business online from these reasons:
1.E- Marketplace listing like Amazon or Flipkart
2.Google Business Listing.
3. Creating Your Own Business Website.
4. Selling Through Social Media.
5.Facebook Brand Page etc.
And if you want to start a new business then you have 2 options, with or without investment. With investment if want to you can then you can stock of a particular stationery you can buy e-commerce portal or online website to create similar list us. And if you can want to do these work without investment then what to do in you can online without stock purchase kiji and product list. Earn commission for checking you can online orders or selling our product as you place order.
Is GST Required in Online Stationery Business?
In stationery business or in any other business, according to the GST rules of India, tax registration is mandatory. But if we talk about the limit of you can GST exemption, then if you want to start you can stationery business in offline mode, if the turnover in your business is less than 20 lakhs then it is not mandatory for you to take GST registration.
On the same pay, if you take your business online and make income from products for online sale, then it is mandatory for you to take GST in it, in which if your customer is from some other state or your business has more bulk purchases or sales even then You need to take GST.
GST is used in online stationery business:
- Register me on e-marketplace like Amazon or Flipkart.
- To purchase from another state.
- For claiming input on the stock purchased.
- For proper tax reporting of payments.
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How to check investment and profitability in online stationery business?
Talking about investment in online stationery business, you can is busy investing from Rs 1 lakh to Rs 5 lakh online.
For Business to start, In this to calculate profit margin according to inflation rate if you can buy in bulk quantity then you get benefit of inflation change plus you get good profit margin which is 10 to 30 percent t.
Online stationery business I require you to price each of my products in such a way that your total service cost + margin is all covered. Let’s understand it with an example:
- Notebook Price – 30
- Listed on Amazon – 105
- Cost of Packing – 10
- Tax on Notebook = 18%
- Cost of delivery service = Rs.10 to Rs.15
- Commission charged by Amazon = 2 to 3 percent
You have to calculate profit margin for something like – 105 -30-10-5.5-15-10 = 34.5/-. To explain = selling price – cost of notebook – cost of packing – taxes – cost of delivery – commission paid to Amazon = net margin. It has to do online 3x price par listing as per your each product then you will get good profit margin from us.
If you want to start online stationery business then you can tells by commenting in the comment section.