Earlier, the online retail industry was in trend, but since the coronavirus pandemic, online shopping for household and essential commodities has become the need of our lives. As everyone is inclined and focused on online shopping, starting a retail industry is a great business idea for 2021!! According to statistical data, the retail sector surpassed USD 190 billion in 2019 and is expected to expand around 28% CAGR between 2020 and 2026. Developing urbanization and flourishing e-shopping are crucial factors driving the growth of the online industry. So, in this article, we will discuss straightforward and accessible steps for you to grow a profitable business without investing huge money with great offers and tips!!
How 7 HEVEN start your online departmental store
1. 7 HEVEN find your target customers and location
Before starting any business, it is essential to analyze your targeted audience and the location in which you will deliver your products or services. As you know, 7 HEVEN retail outlets also include perishable goods, so it becomes necessary to have them in their original condition without degradation of quality. We assist in analyzing your potential customers, surroundings, eating culture, the population of young, urban educated families, older people, etc. then we decide the location of your store.
2. Registration of your business
Before starting any business or company, it is essential to complete the documentation process to create the operational activity and be given utmost importance. The documentation process can be pretty lengthy or hectic, but 7 HEVEN has made it easy for you. 7 HEVEN has their in-house legal team, including Chartered Accountants, Tax Consultants, and secretaries, who will help you complete the registration process in a hassle-free manner.
3. Inventory Setup
To run a retail outlet, it is essential to work on stock management. 7 HEVEN have tie-up with manufacturers directly to run regular discount and other attractive offers. Customers can place their order via WhatsApp or call, and products will now deliver to your doorstep. We also providing training to vendor of management logistics and financial management employees for smooth working in the departmental store.
4. Working on delivery methods/services
The success of online shopping solely depends on easy shipping and delivery methods. In India, 65% of customers claimed that poor delivery strategy affects the quality of the products. So, it is essential to define the ranges and areas for products to be delivered. 7HEVEN provides a facility of delivery points across the country for effective and on-time delivery services.
5. Development of Easy Whatsapp store
7 HEVEN has made shopping as easy as chatting on Whatsapp. Customers can easily place orders through call or via WhatsApp for easy delivery. Setting up an order-taking system is the backbone of the online retail industry. 7HEVEN provides customized templates of product list which you need to send to the customer, and after confirmation, you can deliver at their doorstep.
6. Payment methods
After developing the Whatsapp store, the important part is establishing an effective payment method. 7 HEVEN provides you the best possible modes of payment. So that customers get complete satisfaction and equit. When they buy goods from your departmental store. We provide the facility of an online payment gateway portal for smooth working.
As you provide a doorstep delivery service, you should also prefer the cash on Delivery (COD) option. It will improve your relations with customers because many customers want to check your delivery service quality and sense of loyalty. As when you keep cash on Delivery (COD) as a primary mode of payment; you also need to wait for the remittance from the payment gateway portal to end and will receive the compensation on the same day itself. COD options also help save approximately 2% of TDR; which you need to pay to the payment gateway company for their services of credit/debit card; net banking, or other payment modes.
7. Marketing Strategy
None of the businesses can succeed without an effective marketing policy. To make your departmental store visible and approachable; the Marketing strategist of 7 HEVEN will help your business get acknowledged and approachable. Our customized marketing policy reflects the nature of your business, setting up your goals and we also help in social media marketing to reach more and more customers.
For the visibility of your store in your location, our teams of experts indulge in using Search Engine Marketing and Optimization, Affiliate and Associate Programs, Use Email Marketing, social media marketing. For advertisement of your departmental store, 7 HEVEN runs an Email campaign, search engine optimization, Google AdWords, advertising on social media, and many other digital platforms.
Final thoughts
COVID-19 has already shaped the industries from offline to online platforms. So, what are you waiting for? We believe that this is the peak for investing in Readymade departmental stores to achieve success in a short time. Grocery is a basic need of every human, and its demand can never decrease. If you think of safety purpose; I want to clarify here that our team of experties prepares 7 HEVEN retail stores. You need to take the initiative that can make you successful. They will prepare a departmental store for you from scratch to a full-fledged online departmental store.