Step by Step Process to become a Registered Seller on Shopclues

Shopclues is an Indian online marketplace which was founded by Sandeep Aggarwal and Sanjay Sethi in 2011. It is a quite large marketplace having over thousands of registered merchants, retailing millions of products to the millions of visitors. It is a business of consumer shopping platform. Many different products such as computers, mobile phones, home and kitchen appliances, electronic products, clothing, footwear, accessories and many other products are sold on this platform. In this article, we look at the step by step process to become a registered seller on Shopclues.

What is the procedure to become a registered seller on Shopclues?

The step by step process to become a registered seller on shopclues is as follows:

• First, the seller/applicant is required to log in to the official website of the Shopclues which is www.shopclues.com.
• Then, the applicant must click on the “Merchant Registration” link and register as a seller.
• The applicant will be directed to a page where he has to enter the basic details and information such as his name, name of the online store that is to be registered, mobile number, email id, business type and password.
• The applicant is then asked to click on the submit button once he successfully fills up all the required details and fields.
• Once the submit button is pressed, another tab will be opened asking the information of the seller which includes the company and personal contact information.
• The applicant is required to provide the contact person and address details from where the courier partners of Shopclues shall pick up the products.
• The applicant is asked to submit the bank details.
• Once all the information and details are complete the applicant shall click on the seller service fee agreement which provides information regarding the service fee and fulfilment fee based on the category.
• When all the preliminary needs are complied with by the applicant, he can now arrange for catalogues for his virtual storefront.

What are the documents required to become a registered seller on Shopclues?

The below mentioned documents are required by the seller according to the type of his business:

Sole Proprietorship

• Identity proof that is, driving license, PAN Card, Aadhar Card.
• Personal address proof such as bank statement or electricity bill.

Registered Company

• Identity proof, PAN Card, Residential proof of each of the directors.
• Registered office proof such as rent, lease or ownership agreement.
• VAT/ GST certificate unless the seller is the trader of unstitched material, handicrafts, books or online education.

Limited Liability Partnership

• LLP registration certificate.
• Partnership deed.
• PAN Card of LLP.
• Power of Attorney which is given to the employee to transact on behalf of the LLP.
• Address proof that is an official valid document to confirm the address of the individuals or partners holding the Power of Attorney.

Private Limited Company

• Copy of Certificate of Incorporation of the Private Limited Company.
• Copy of Memorandum of Association (MOA) and Articles of Association (AOA).
• Copy of PAN Card of the company.
• Address proof that is, electricity bill or telephone bill of the company, rent, and lease or ownership agreement with the company.

What are the basic requirements to become a registered seller of Shopclues?

GST Registration

It is necessary to have TIN or GST registration to promote on Shopclues. GST registration is compulsory for sellers to sell the products in India. It is an important compliance for online businesses.

Business Registration

There is no specific need for the business entities to become a seller on the Shopclues. However, if registered as the Private limited Company or LLP, it would help the business in preventing unforeseen liability and allow it enjoying better access to credit. Also, being registered as a corporate entity would ensure that the business is transferable and scalable in future.

Bank Account

The PAN Card of the seller is mandatory on Shopclues along with the bank account details. The rest of the details including PAN account holder name, account number, IFSC code must be submitted to the Shopclues for payment process.

Trademark Registration

It is essential for a business to trademark its brand in order to avoid any counterfeit goods or competitors listing same product in the long term. Sellers are required to get the trademark registration done for their brand of products and services on Shopclues.

Shopclues Seller Fees

Shopclues charges its seller a fulfilment service fee and selling service fee on each transaction. The selling service fee is charged on the sale of an item and there exists different rate for different category. The standard service tax is added on the top of the selling service fee. Also, for each package that is handled by Shopclues, a fulfilment service fee is charged by the company from the seller based along with standard service tax.

Conclusion

For a seller when he is registered on Shopclues allows him to sell his goods and services to the millions of people on one platform. The seller can sell his products more with fewer efforts and despite of paying Shopclues seller fees he still makes a good amount of profit. There is a step by step process to become a registered seller on Shopclues. The seller has to be a legal business entity and the transactions done on this platform are all under the regulations and therefore, it is necessary for a seller to get his business registered.

It is important for the sellers who are not familiar with the e-commerce procedure to know how to source its products at the best possible price, since the margins are thin and the competition forces to adhere to the prices set by the sellers. Unless and until the supply side is strong and there is a negotiable best purchase price offered by the seller, he shall not be competitive enough on Shopclues if markup is added or if the product is sold at the same price similar to the goods sold, then will the seller be able to make profits. Therefore, registering as a seller on Shopclues is very important to avail these benefits.

Also, Read: How to Register Business with Flipkart?