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Here is an example of an existing e-commerce website that sells a product for Rs. 550. The Sellers/Resellers set the pricing at Rs.935, which includes ecommerce market fee/shipping/GST etc., in order to create a profit.
After deduction, seller earns Rs. 643 and obtains a razor-thin margin of Rs.93; as a result, the seller does not maintain a fair pricing on the website and raises the price to meet the e-commerce charge and other expenses; the end-user is badly impacted. If a buyer returns a goods, the seller is fined. There are further circumstances in which the Seller and customer are affected.
In order to boost their earnings, resellers continue to hike retail prices, which harms consumers.
Our open stores platform aims to eliminate the gaps in direct selling on the fair pricing model by eliminating standard and market costs, thereby boosting the profitability of both sellers and buyers.
|Commission @ 15%||140.25|
|Shipping Fee ||66.00|
|Tax Collected at Source [1%] ||7.92|
|Collection Fee ||3.37|
|Fixed Fee ||2.70|
|Net Earnings||₹ 643.94|
|Total paid (fee + GST) = (935-643 ) ||292.00|
|Net profit on product = (643 - 550)||Rs.93.00|
Let me help you spend some money :)