The Covid pandemic sent the world’s population indoors and it’s no wonder that the sales of goods and services online skyrocketed. All business owners had to find a way to market and sell their products online if they wanted to stay relevant and survive in a highly competitive market. This has led to a boom in e-commerce platforms where owners can sell their products or services and get their share of the market.
This rapid rise in internet users and smartphone penetration coupled with rising incomes has assisted the growth of the e-commerce sector. India’s e-commerce sector has transformed the way business is done in India and has opened up various segments of commerce ranging from business-to-business (B2B), direct-to-consumer (D2C), consumer-to-consumer (C2C) and consumer-to-business (C2B).
In the current market, many businesses and individuals are opting to move the bulk of their sales online. This saves them from maintaining costly stores and physical locations and tackles customer needs and demands in a robust way through virtual shopping centres and prompt delivery services. However paying the hefty service fees charged by giants like Amazon and Flipkart can be hard for many businesses, thus a new breed of businesses that are creating their own e-commerce sites and marketplaces are thriving.
Our customizable Excel-based template helps new and established businesses/people enter the competitive world of e-commerce by helping them to track and consolidate the following:
- Income and expenditure calculations
- Infrastructure and establishment costs
- Pricing and ROI
- Gross profits and Net profits
- Recurring expenditures
- Staffing and warehousing