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How to setup an ecommerce company in India?

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India is a land of budding entrepreneurs. The youth of India is disillusioned from the lure of getting a job and they do not mind taking risks to reap greater rewards. The internet boom in India has also caused some young people to take to the internet to fulfil their dreams of moneymaking. However, there are many formalities and legal proceedings, which must be addressed before a person, is able to own an online store.

To start a business in India is definitely no cakewalk. However it has improved a lot over the last five years. Legal, taxation and other process are not streamlined.

-Saurabh Nangia. Founder, Targeting Mantra

From Market Research to legal registration to selecting appropriate tools for business management, if you aspire to become an entrepreneur then you need to have nitty gritty of all business and legal matters. Market research will help you prepare a plan for your company, legal registration will be required when you are satisfied with your business plan and want to start it as your career, finally tools such as version management,  account and records management will help you manage your business effectively and securely. A good record holding service will also help you in maintaining your sales records and thus you can always do taxes right and your operations are more efficient. Also all the legal requirements can be satisfied with good record keeping. Access to some documents should be controlled or they might be a major security breach and your trading secrets can be compromised.   To setup an ecommerce company in India a proper procedure should be followed.

1. Market research and testing – The market for the idea must be extensively researched and narrowed down. Most of the ecommerce websites in India fail because they try to cater to a bigger market than they can handle and thus their customer service suffers. In addition, they lose out to big online department stores like Amazon and EBay and their business is forced to shut down. However if the market that is being catered to is small and the products that is on offer is specific the company can survive.

2. Legal Registration of the Company– In India, to set up an ecommerce business one must fulfil many formalities with the Ministry of Corporate Affairs. Unlike in other countries it is mandatory to register an ecommerce business with a legal address. To register an ecommerce business a company must have complete these formalities

  • A valid address – The team must provide a valid address for the business. It can be a private address of a team member too. Nevertheless, to rent a certain office space is advised.
  • Two Board of Directors with DINs – There must be at least two board of directors with valid Director Identification Numbers. A person can register himself as director for a company by paying a sum of around 300rs to Ministry of Corporate Affairs. Any competent lawyer can draw up documents for the DINs.
  • A sum of 100,000 Rs Capital – At the end of financial year, the company must show a capital of 100,000 Rs in its books.
  • A valid company name – A valid company name has two components. The first word denotes the unique name of the company. The second word denotes the nature of the company. For example Tata Consultancy Services, Reliance Telecom, Sapient Consulting etc.
  • Other Laws – Certain laws are to be taken care of by a company. Laws like labour laws, taxes like VAT and GST might be applicable on the company and a competent chartered accountant is often required to take care of these.
  • Many times employee insurance etc. has to be taken care of, but small teams run most of the ecommerce startups and hence it might not be required.

Many online law companies can help you in setting up an ecommerce company.

3. Tools required – It is perhaps the most ignored part in the setting up of the ecommerce company. Most start up teams do not spend enough time on research for tools that are required and hence their productivity remains low. Because of low productivity, their competition has an advantage over them and it causes the company to incur losses. A startup should make sure that they have the right tools for setting up an ecommerce company.

These tools are absolutely required by the startup companies. Get the complete list here

1)      Online conferencing tool -Most of the ecommerce sites are setup by the people who are already working somewhere and thus cannot meet often. To ensure that there is no gap in communication a good conferencing tool is required. Tools like Skype and Yahoo Messenger can actually help a person as they allow group conferences with audio and video calls free over the internet and are easily available.

2)      A file sharing Service- There must be a central file repository or else there definitely will be a gap in research and data. Without a central file sharing system, all the data will be scattered and thus productivity will be very less. There are many solutions for this in the market. However, Skydrive and Dropbox are the most widely used and easily available services.

3)      Records Management Service – This is often the most neglected service by the ecommerce website owners. There is a wrong perception that data is managed easily online. However, they neglect the security of their data. SaracenDataStore is one such service provider, which can really help you in making your data secure. Such a service is very safe and data is stored behind the safety of impenetrable firewalls. A formal record management policy is necessary for any company.

I am a software engineer in a prestigious MNC. I am NSE certified derivatives professional and I like to dabble in money making schemes a lot. I like to read, play subway surfer on my tab and I am always connected to internet.

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Learn English quickly and effectively with the Callan Method

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In a world where all countries and cultures are interconnected, learning different languages has become mandatory. To do so effectively, you should try the well-known Callan Method, with which you’ll easily master English in less time than you imagine.

The learning of the English language has gained great importance in the job and academic world due to the globalization our society has experienced and the fluid communication constantly occurring between all countries. Due to these factors, and if you want to grow as a person, mastering English is crucial and something you must do to increase your opportunities in the current world. Therefore, it’s best to explore efficient methods to learn it, and one of them is undoubtedly the Callan method.

The Callan Method is totally different from conventional methods for learning English, and it has shown to be effective for those who decide to start their journey of learning this language.

What is the Callan Method, and how does it work?

Since ancient times, many language teaching methods have been developed with different approaches and types of progressions, of which one of the most effective is the Callan Method. Developed by Robin Callan in the 1960s, this method stands out for its intensive approach aimed at quickly and effectively imprinting the language into the student’s brain.

This is achieved because it is based on fundamentals such as repetition, constant real-time practice, and immediate correction of any error. With this method, students are constantly exposed to oral questions and answers in English, with repetitions of the same and, above all, error corrections.

Upon entering one of these classes, you will quickly notice the difference from a regular English class. The teacher will be speaking in English at a natural speed, and you won’t touch a pen or paper throughout the entire lesson, but rather respond to oral questions and participate in structured conversations.

Thus, the Callan method mainly emphasizes improving fluency in speaking and the auditory ability to understand the language, skills that will be tested in real-life situations. Repeating this a sufficient number of times results in a student with fluency and confidence in the language, ready to face the world in English and engage in advanced conversations with native speakers of this language.

Benefits of the Callan Method

This method, unlike many others, offers a variety of advantages for students that make it stand out from the crowd and position it as one of the best, as studies have confirmed that with this method it is possible to learn English up to 4 times faster than with any other.

One of these advantages is the fact that when you start studying with this method, you don’t learn grammar but rather dive straight into the world of English. This might sound counterproductive, but it’s quite the opposite, as it allows you to start familiarizing yourself with the sounds and vocabulary, even as a beginner.

Furthermore, being based on a primarily oral learning system, you will improve your fluency in speaking and your listening skills will progress effectively and rapidly. These two skills are the ones you will use the most in real life, so the Callan Method is perfect if you want to go to an English-speaking country.

Beyond the typical generic conversations you would learn in any class, the Callan Method offers structured conversations that encourage you to use new words and phrases in each one, emphasizing learning with each session to make the most of your time.

By receiving corrections from the teacher immediately after making a mistake, not only do you have the chance to correct it, but little by little you gain the confidence necessary to speak and master the language as if it was your mother tongue. So if you are looking to learn English easily, or to further improve your English skills, the Callan Method is definitely worth diving into.

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Know The Differences between Static and Dynamic QR Codes

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In the digital age, qr code have become an integral part of our lives, bridging the physical and digital worlds seamlessly. They enable quick and convenient access to information, websites, and multimedia content. QR codes come in two main flavors: static and dynamic.

In this article, we will explore the differences between these two types of QR codes and introduce you to a powerful qr code generator known as QRFY. We’ll delve into the versatility of dynamic QR codes and how they can be a game-changer for your business.

Static QR Codes vs. Dynamic QR Codes

Static QR codes are the traditional, one-time-use variety. Once generated, the encoded information is fixed and cannot be altered. These are great for simple, permanent links, such as sharing a website URL or contact information.

On the other hand, dynamic QR codes are a dynamic duo. The content behind these codes can be changed at any time without the need to update the QR code itself. This feature opens up a world of possibilities.

With QRFY, you can create dynamic QR codes that offer unparalleled flexibility. QRFY supports hosting various types of content, including PDF documents, images, videos, vCards Plus, restaurant menus, and much more.

Customization at Your Fingertips

QRFY takes customization to the next level. You can create custom QR codes with your logo, color schemes, or choose from predefined templates. This means your QR codes can reflect your brand identity, making them more recognizable to your audience.

Detailed Analytics and Control

With QRFY, you gain valuable insights into the performance of your QR codes. You can track the number of scans per day, monitor user demographics by country and city, and even analyze data on the browser and language preferences of your audience. This data can help you fine-tune your marketing strategies for better results. Plus, you can easily export this information for in-depth analysis and decision-making.

Key Features of QRFY:

  • Dynamic content updates: change the content behind your QR code at any time.
  • Content variety: host PDF documents, images, videos, vCards Plus, restaurant menus, and more.
  • Customization: personalize your QR codes with your logo, colors, or templates.
  • Advanced analytics: monitor scans per day, user demographics, browser data, and language preferences.

QR codes have come a long way from their humble beginnings and are now an essential tool for businesses and individuals alike. With the advent of dynamic QR codes, made easy through QRFY, the possibilities are endless. The ability to update content, track scans, and customize your QR codes makes them a powerful asset for marketing and communication.

Whether you want to share information, promote your brand, or streamline user interactions, QRFY’s dynamic QR codes are the way to go. So, take advantage of this dynamic shift in QR code technology. Embrace the flexibility and control offered by QRFY and watch your QR codes evolve with your needs. Dynamic QR codes are not just links; they’re gateways to a world of possibilities, limited only by your imagination.

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Here’s How to Boost Employee Satisfaction Today

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If you wish to maintain your employees and positive workplace morale, it is important to stay on top of employee management and know how to improve the workplace to benefit your employees. 

This guide will share the best ways to boost your employee satisfaction and guarantee to make them feel appreciated. 

Use chaplains to improve your workplace conditions

As a business owner, it is essential that you improve and maintain workplace conditions so that employees can feel satisfied while working for your business. Whether you lack support or have a dirty and messy workspace, you will not guarantee to maintain employees’ happiness or keep them working for your business if you do not offer great workplace conditions.

If you wish to improve your fast food employee retention, it is a great idea to use chaplains as they work to improve workplace conditions and measures so employees can feel happier and attain greater job satisfaction. 

Offer rewards for their efforts

It is important to offer rewards to employees for their hard work and effort so you can show that you appreciate and respect them.

A small pay bonus at the end of the month or taking them out for a nice lunch cannot prove to them that you have noticed their efforts and respect them for it, which will encourage them to feel satisfied with your management.

Ask them how they are and offer them support when they need it

As a manager or boss, you might often lack the time or thought to ask employees how they truly are. You might ask them each morning briefly how they have been, which will likely attain the same response. Many people will tell you that they are OK, even if they are not.

Whereas if you sit down with your employees individually and open up an honest conversation, you might find that they are not truly happy inside or outside of work. If an employee tells you this, it is important to listen to them and offer them support so that they can boost their happiness and well-being again which will ensure that they are satisfied at work.

Support their development and provide more training

Another great way to boost employee satisfaction is to support their development and offer them more training. 

Not every employee will want to climb the ladder in your business however there will be a select few who will want to climb higher in your company which will help them gain more success.

Therefore, to maintain and boost employee satisfaction, it is essential that you support their development and listen to their goals so that you can provide the right training for them to reach them.

Using these simple yet effective tips, you will guarantee to boost employee satisfaction in your company today. Simply listening to them, rewarding them and ensuring it to improve your workplace conditions will guarantee that your customers feel more satisfied and happy working for your business.

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