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Shekhar

Shekhar Kumar  |154 Answers  |Ask -

Leadership, HR Expert - Answered on Apr 15, 2024

Shekhar Kumar is senior manager, talent acquisition, at the Shri Venkateshwara University in Gajraula, Uttar Pradesh. He has 18 years of expertise in the search and placement of executive leadership talent across various industries.
He has also mentored middle and senior management professionals for leadership positions and guided them in career development.
Shekhar has a bachelor's degree in business management from Magadh University, Bihar, and a master's degree in human resource management from Annamalai University, Tamil Nadu.... more
Asked by Anonymous - Apr 11, 2024Hindi
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How to take retail business in readymade Garments on line step by step advice required

Ans: Starting an online retail business in ready-made garments can be an exciting venture. Here's a step-by-step guide to help you get started: You should begin by researching the online retail market for ready-made garments then identify your target audience, competitors, popular trends, and potential demand for your products. Use this information to refine your business idea and develop a unique selling proposition (USP). Outline your business objectives, target market, product range, pricing strategy, marketing plan, and financial projections in a comprehensive business plan. This will serve as a roadmap for your online retail venture and help you secure financing if needed. Register your business with the appropriate authorities and obtain any necessary licenses or permits to operate an online retail business. Ensure compliance with local regulations related to e-commerce, taxation, and consumer protection laws.

Source high-quality ready-made garments from reliable suppliers or manufacturers. Establish relationships with wholesalers, distributors, or fashion designers to ensure a consistent supply of inventory for your online store. Choose an e-commerce platform to host your online store. Popular options include Shopify, WooCommerce, BigCommerce etc. Select a platform that aligns with your budget, technical expertise, and customization needs. Design and develop your online store using the chosen e-commerce platform. Customize the website layout, colors, fonts, and navigation to create a visually appealing and user-friendly shopping experience for your customers. Ensure that your website is mobile-responsive for seamless browsing on smartphones and tablets. Create detailed product listings for each item in your inventory. Include high-quality images, accurate descriptions, sizing charts, and pricing information to help customers make informed purchasing decisions.

Organize your products into categories and subcategories for easy navigation. Set up secure payment processing for your online store by integrating payment gateways such as PayPal, Stripe, or Square. Offer multiple payment options to accommodate customer preferences and ensure a smooth checkout process. Determine your shipping strategy, including shipping rates, delivery methods, and shipping zones. Partner with reliable shipping carriers or fulfillment centers to handle order fulfillment, packaging, and shipping logistics. Provide tracking information to customers for order transparency and peace of mind. Develop a comprehensive marketing plan to attract customers to your online store. Utilize digital marketing channels such as social media, email marketing, search engine optimization (SEO), and pay-per-click (PPC) advertising to increase visibility and drive traffic to your website. Consider offering promotions, discounts, and loyalty programs to incentivize purchases and foster customer loyalty. Prioritize excellent customer service to build trust and credibility with your customers. Provide multiple channels for customer support, such as email, live chat, and phone support. Respond promptly to inquiries, address customer concerns, and strive to exceed customer expectations at every touchpoint. Monitor your website performance and track key metrics such as website traffic, conversion rates, and sales revenue using analytics tools like Google Analytics. Use this data to identify areas for improvement, optimize your website for better performance, and make data-driven decisions to grow your online retail business.

Launching and growing a successful online retail business in ready-made garments requires dedication, perseverance, and continuous innovation. Stay adaptable, keep up with industry trends, and always prioritize the needs and preferences of your customers to build a thriving online brand. Best of luck! Feel free to contact me on Rediff Gurus if you need further assistance or help.
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Harsh Bharwani  |64 Answers  |Ask -

Entrepreneurship Expert - Answered on Dec 18, 2024

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I'm a Chartered accountant .. recently qualified .I'm interested in start up company with intention of book keeping services .software .pls give me some piece of idea regarding how to begin my book keeping services software ..
Ans: Starting a bookkeeping service powered by your own software is a great way to leverage your skills as a recently qualified chartered accountant. With the growing demand for streamlined accounting solutions, your idea has a lot of potentials. Here's how you can get started effectively:

Understand the market and identify your niche:- You have to start by researching the market to identify the specific needs of small & medium-sized businesses. Because many businesses are struggling with manual accounting or find existing software too complex or expensive. Focus on building a solution that is simple, affordable and addresses their pain points, such as automating invoices, tracking expenses and generating tax reports.

Develop or customize software:- Decide whether to build your software from scratch with the help of a development team or customize an existing platform like QuickBooks or Zoho Books to create a unique product. But make sure your software includes essential features like cloud access, real-time financial tracking, automated reminders, payroll management, and integration with banking systems. Prioritize an intuitive interface so that even non-accountants can use it easily.

Provide flexible and scalable solutions:- Start structuring your services with flexible pricing models, such as tiered subscription plans based on business size and its features. With Offers add-ons such as tax filing assistance, compliance consulting, or financial planning to differentiate yourself from other competitors. A free trial or discounted onboarding package can attract new customers and build trust to convert the audience into customers.

Build a strong brand and online presence:- Start your service as a reliable, tech-enabled bookkeeping solution by emphasizing your credentials as a chartered accountant. You Have to create a professional website with client testimonials, feature highlights and demo videos of your software. Use social media and content marketing to showcase the benefits of your services, such as cost savings, error reduction compliance accuracy and many more. Networking with local businesses and participating in professional forums can also help increase your visibility in the market.

Stay up to date and constantly improve:- Accounting laws and technology are evolving quickly, so keep your software updated with new versions to meet regulatory requirements after getting client feedback. Introduce AI-powered features like predictive analytics or fraud detection to stay ahead of competitors. Engage with your clients regularly to understand their challenges and improve your offerings.

By combining your expertise in accounting with cutting-edge technology, you can create a reliable and scalable bookkeeping solution that not only supports businesses but also establishes you as a leader in this field. Start small, focus on client needs, and let your service grow along with your reputation.

...Read more

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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