Creating a second income is a wise decision one can make while he is working in a 9-6 job which makes him financially independent in the future.
There are a lot of ways to devise your second income startegy, selling products on the online marketplace is considered as one of the best ways to generate sustainable passive income.
It’s not easy to list your store online, without registering your company you cannot list out on major marketplaces like Snapdeal and Flipkart you need VAT and CST to become seller but these complicated process will make you rethink about “becoming an online seller”
But fortunately, there are few online marketplaces where you can sell without VAT and CST.
Yes, you read right, you can now become a seller in the world’s largest marketplace without registering GST.
All you have to do is to simply create a seller account and list both used and new products.
Once you have posted the listing it takes some time to get approved, after approval your product will be live on Amazon product search result page.
You will be notified if anyone buys your listed product, then you need to accept the order and schedule for order picking.
Amazon executive will pick your product at your doorstep, pack and deliver it to the buyer.
Once it is delivered Amazon will credit the amount in your account after their commission and delivery charges.
I have listed a few products and sold everything except one in Amazon local listing. It is really the best source to make the side income.
An important thing to note is, the profit margin depends on from where you are buying the product better find the better wholesale dealer and get a competitive price.
Try Alibaba or Indiamart to find the wholesale dealers.
Infibeam the second largest e-commerce store with 100 crore revenue in this list allows sellers to list their items without VAT and CST but PAN card is mandatory.
CraftsVilla is a marketplace where you can sell unique handmade, vintage and organic products.
VAT certificate is not mandatory to list your product here.
It’s an online flea market where you can sell handmade products right from apparels, shoes, fashion accessories, household products, gift items, chocolates and many.
Again TIN is not mandatory.
If you are a student, homemaker, unemployed or seller you can start building your store on Kraftly.
You can sell men and women accessories, notebooks, T-shirt, kitchen and dining products and much more.
Bonus Tip : You can sell books and unstitched clothes on Amazon without VAT and CST certificate.
An active Linkedin users can connect with me on Linkedin to discuss more business.