Shopsy is a reselling platform by Flipkart, one of India’s leading e-commerce giants. It provides an avenue for sellers to list and sell products online, catering to a vast customer base. With approximately 200-500 million budget-conscious customers, Shopsy opens up a world of possibilities for businesses.
One of Shopsy’s unique features is its trusted network of distribution. It bridges the gap between sellers and resellers, creating a sense of reliability. Sellers on Shopsy can target customers who may not be familiar with online shopping. They can do so through resellers—individuals whom their customers already know and trust.
How Does It Work?
To become a seller on Shopsy, follow these simple steps:
1. Sign Up
Begin by signing up on the platform. You can use your mobile number or email ID to create your account. Additionally, you will need to enter your PIN to check if the service is available in your area.
2. Fill in Business Details
As part of the registration process, you’ll be required to upload your GSTIN (Goods and Services Tax Identification Number). This step is crucial for tax compliance.
3. Complete the Bank Verification
Provide sample signatures and a copy of a canceled cheque with your company’s name printed on it. This verification is essential for payment processing.
4. Onboarding
List at least one product on the Shopsy platform. This is your first step towards becoming a seller.
5. Congratulations!
Once you’ve completed these steps, you are officially a Shopsy seller, ready to start your journey in the world of e-commerce.
Benefits of Selling on Shopsy
Now that you’re part of the Shopsy community, here are some remarkable benefits you can enjoy:
1. Zero Commission
For products listed in the price range of Rs 151 to 600 in its exclusive verticals and Flipkart verticals, sellers pay a 0% commission. This means you get to keep more of your earnings.
2. No Paperwork Hassles
Unlike some e-commerce platforms, it doesn’t require you to go through complex paperwork or trademark registration processes. It simplifies the onboarding for sellers.
3. No Professional Photography Needed
Shopsy understands that not every seller has access to professional photoshoots. You can click product pictures using your smartphone and upload them directly. This feature significantly reduces the entry barriers for small businesses.
Why Choose Shopsy as a Seller?
Selling on Shopsy can be a game-changer for your business. Here are some compelling reasons to consider:
Reach Millions of Customers: Shopsy offers access to a massive customer base of over 500 million people. This means your products can reach a vast and diverse audience.
Ready Logistics Network: You don’t have to worry about the logistics of delivering your products. It provides a seamless logistics network to ensure your products reach your customers safely and on time.
Insights and Growth Opportunities: As a Shopsy seller, you gain access to valuable insights about pricing and customer demand. This data can help you make informed decisions and grow your business effectively.
Is Shopsy Legal in India?
It’s essential to clarify the legality of operating on Shopsy in India. According to the Indian Contract Act, of 1872, transactions on the platform are only available to individuals capable of forming legally binding contracts. Persons considered “incompetent to contract” under this act, such as un-discharged insolvents, are not eligible to use the platform.
Shopsy vs. Shopify
It’s easy to confuse Shopsy with Shopify, but they serve different purposes. Shopsy is Flipkart’s answer to social commerce. It allows individual entrepreneurs and small businesses to share product catalogs and take orders through platforms like WhatsApp. In contrast, Shopify is a popular e-commerce platform that helps businesses set up their online stores.
In conclusion, Shopsy by Flipkart is a reselling platform that provides a unique opportunity for sellers in India. With its trusted network, simplified onboarding process, and a wide range of benefits, it’s an attractive option for businesses looking to tap into the vast Indian e-commerce market. So, if you’re considering expanding your reach and growing your business, it could be the platform for you.