Product Selling Price in ecommerce plays a very crucial role in online business in terms of generating profit & minimizes loss. In this video,We have elaborated all the expenses, ecommerce seller needs to add to their Product Selling Price.
E Commerce is an emerging industry in India and there are lot of New sellers like to build their online business in various marketplaces like Flipkart, Amazon, Snapdeal, Paytm, Shopclues, Ebay and so on. But maximum sellers do not know the basics of online selling like costing a product and make correct selling price to generate good margin of profit and reduce losses.
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This video will surely help you to create Correct Product Selling Cost before start online selling. There are number of basic components needs to be considered to make correct selling Price such as Inward Shipping Cost,Outward Shipping Cost, Tax,Variable cost like Packing,Printing,Fixed Cost like Storage Fees,Wedges, Marketplace Selling Fees,Marketplace service taxes,Profit Margin & Tax Rate on your final selling Price.
In fact most of the online sellers do not count Miscellaneous expenses which needs to be added on Product Selling Price apart from Marketplace Fees & Profit Margin, Thus at the time of accounting Seller faces tremendous loss.
Hopefully through this video you will be able to understand What are the cost should be covered in Product Selling Price, what are the precautions a seller needs to be taken before starting online business.
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