1. Home
  2. / Blog

  3. / Online Business

  4. / Get started with selling on Myntra

Get started with selling on Myntra

Online Business

  • 8 Min Read
  • 3rd January, 2023
Jasmeet Kaur Wilku

By Jasmeet Kaur Wilku

Get started with selling on Myntra

Why selling on Myntra is a great idea

Selling on Myntra is a great idea for several reasons. Myntra is one of the most popular online shopping platforms in India, with a wide range of products on offer. This gives you a large potential customer base to sell to. Myntra also has a good reputation for customer service, so you can be sure that your customers will be happy with their purchases. Finally, selling on Myntra is a great way to reach a wider audience for your products.

How to get started with selling on Myntra

Once you have all the documents ready after registering your business, you can apply for the registration process as a seller on Myntra. Here are the steps:

1. First, visit the Myntra official website.

2. Then click on the “Register Now” option and the seller registration application form will open on your device screen.

3. Complete the application form with the details requested in the form and attach the required documents.

4. After filling out the form, you need to confirm the captcha and click on the submit tab to complete the application process.

You must wait for a response from Myntra after submitting the application form. Once the application meets the Myntra parameters, you will receive instructions on how to proceed. You can get advice from the accounting expert responsible for you and your company.

Documentation required to become a seller on Myntra

Once your company is legally registered under the tag of any of the above legal entities, you will need some necessary documents before applying and registering your company as a seller on Myntra. The list of such documentation includes:

• Your company’s registration copy

• Your company’s GST registration certificate

• PAN card issued in your company’s name

• Active bank account with your company’s registered name

• If you wish to sell branded items, the letter of authorization from either the authorized dealer or the direct owner of the brand

• The TAN or TIN of your legally registered company

Have the scanned copies of the documents ready to speed up the registration steps.

What are the benefits of selling on Myntra?

As a Myntra seller, you should be aware of several compelling reasons for retailers to take an interest in Myntra and build a strong presence on the online platform:

• Once authorized, Myntra merchants enjoy full control over their merchandise. Businesses can handle orders, and internet business includes catalogues, the number of goods and product quality.

• To keep illegal sellers off the platform, every seller needs to present their Aadhar and PAN cards for authentication purposes.

• If the surplus or leftover stock somehow meets Myntra’s guidelines, Myntra sells the products.

Merchants do not have to spend anything on store fixtures, staff, and other costs associated with running a retail store with Myntra.

• Sellers are allowed to enlist the support of fashion innovators to help them design their wares. It enables retailers to adapt their offers to current trends.

• Even if orders remain minimal, Myntra guarantees a minimum return.

• Marketing of the products and promotions on social media is handled by Myntra, allowing sellers to focus on managing standards and selling their wares.

Conclusion

Onboarding experts at Myntra work directly with merchants to get their brands to market as quickly and efficiently as possible. This professional support allows businesses to update their products and receive consumer orders. It makes it easier for a retailer to deliver items to a customer. The trader is responsible for the maintenance of his goods.

The goods are picked up by Myntra delivery partners and delivered to the consumer. Because Myntra offers frequent payments and cash flow support, the merchant’s business can grow significantly faster. Myntra processes seller refunds within 1-2 business days. The money is paid to the seller’s bank account registered with Myntra after deducting the commissions.

Faq

Frequently asked questions?

How much commission do sellers charge Myntra?

There are no Myntra seller fees when you register with them. Depending on the product category and brand, Myntra charges a flat commission of 4-5 per cent. This commission is not a constant price for various reasons. Myntra fees are often lower for high-end and low-end products.

Myntra and its private label business are gaining even more traction as fashion is projected to become one of the largest categories for online retailers by 2020, with gross margins ranging from 20 per cent to 60 per cent.

Myntra Pure Play Marketplace is a fulfillment model on Myntra. It is better known as Myntra PPMP. Myntra, one of the leading fashion e-commerce platforms in India offers various fulfillment models. The best known are Myntra JIT and M-Direct.

You can easily find a company's profit margin by subtracting the cost of sales (COGS) from total sales and dividing that number by total sales. Multiply that number by 100 to get a percentage.

Myntra has historically operated under the B2B (business-to-business) to B2C (business-to-consumer) structure under which its parent company, Myntra Designs Pvt. Ltd supplied products to Vector, which in turn sold them to end customers.

A clothing store is profitable in India. With profit margins between 25 and 60%, it is considered one of the most profitable companies in India.

Courses

Did you find this blog useful? 😁

If you would like to learn more about Category, you can enroll in our category courses.

How To Start Your Home Business

Live Class
  • General

23 Apr-16 May23 Apr - 16 May

14 Days14 Days

Blogs

Online Business blogs that may interest you 🤩

How to sell on ajio: The ultimate guide

Selling on ajio is a great idea for several reasons. First, it is a very popular marketplace with a lot of traffic. This means that there is a lot of potential for selling items on ajio.

3rd January, 2023

10 Min Read

Read More

Know How To Sell Products Online

The world of eCommerce: Selling products and services through the internet offers vast opportunity for entrepreneurs everywhere. A quick look at eCommerce statistics will show solid growth with no sign of slowing down. If you're interested in starting a business, selling online can be extremely rewarding. It can also provide a path to success without the risks involved in buying property and opening a physical store.

3rd January, 2023

8 Min Read

Read More

Learn How To Sell On Pinterest

Selling on Pinterest is an actual blend of agency and creative flair. It's a threat to flaunt your brand's maximum colourful visible qualities, however, you want a sturdy eCommerce basis for that to translate into long-time fulfilment and sales.

3rd January, 2023

7 Min Read

Read More

Learn How To Sell On Tata Cliq

One of the biggest advantages is the wide audience around the world. Among the many e-commerce platforms that businesses use to sell their products and services, Tata Cliq is one of the platforms that efficiently manages the sales process.

3rd January, 2023

10 Min Read

Read More

Learn How To Be A Seller On Flipkart

Each marketplace has its evaluation criteria and protocols that sellers must meet before they can begin selling products. This article will help you understand everything you need to know about being a seller on Flipkart.

3rd January, 2023

12 Min Read

Read More

Selling on Amazon: The Ultimate Guide

Selling on Amazon is a great idea for anyone looking to start an online business. It’s easy to use, has a huge audience, and offers great fulfillment services.

3rd January, 2023

10 Min Read

Read More