The Government of India launched a ground-breaking initiative called the Open Network for Digital Commerce (ONDC) to revolutionize the nation’s e-commerce scene. This article explores the nuances of ONDC, explains why one should register on the platform, and offers a thorough tutorial on how to register on ONDC and sell products on ONDC.
What is ONDC?
Open NFT Decentralized Commerce is referred to as ONDC. Due to its decentralized platform, small businesses can buy and sell without paying expensive fees or middlemen. It charges about 7 to 10 times less than the big giants for finding buyers, with a referral commission of only 3% (as of July 2022). As long as both platforms are connected, ONDC will enable connections between buyers and sellers operating on separate platforms.
It functions similarly to UPI in terms of transactions. Enhancing the buying and selling experience will bring together buyers, sellers, logistics companies, aggregators, payment gateways, and more on a single platform. So, regardless of the applications the buyer or seller uses, the ONDC will enable buyers to communicate with sellers and complete transactions before settling. However, we already have other eCommerce platforms.
Why Use the ONDC Network?
You can expand your customer base with ease and at a minimal cost by using the ONDC network. By establishing direct connections with customers, you can prioritize excellent customer service and high-quality products, rather than relying solely on platform advancement and pricing. By creating your own service guidelines, commission schedules, and customer support protocols, you can also take control of the decision-making process and precisely satisfy your customers’ needs without outside intervention. Give up algorithm-driven decision-making and let your clients choose what to buy based on the superior quality of your offerings.
You maintain ownership of your data with the ONDC network, which helps you build a more devoted and sizable customer base. This innovative network aims to transform the ever-changing e-commerce landscape by creating a just and equal atmosphere for buyers, sellers, and logistics partners alike. Don’t pass up the chance to register for the ONDC network in India and take the lead in the revolution in digital commerce.
How does ONDC work?
Buyer, seller, and logistic applications (shipping partners, payment partners, etc.) are the three parties involved in ONDC. The logistic applications will assist buyers in connecting to the ONDC platform so they can place orders. Additionally, they have access to a list of the businesses from which they can buy the product.
The buyer can also choose its preferred delivery and payment partner, which can enable them to make purchases at a discount. While the buyer- and seller-side hosts may vary, ONDC is platform-independent. SMEs will have the opportunity to sell their goods on the shopping app thanks to this. All it takes to sell products on ONDC is to register using a seller app, after which your item will be available for purchase on the ONDC app.
How the ONDC Network Helps Sellers?
- Wide exposure with minimal effort: By signing up on a single seller platform, you can easily and quickly make your products available across multiple buyer apps that are connected to the network, giving you maximum exposure with the least amount of work.
- Rating ownership: You maintain continuity and control over your ratings even when you switch platforms because the ONDC network gives you ownership of your ratings.
- Equitable playing field: By preventing private labels from receiving preferential treatment and promoting fair competition, the ONDC network guarantees level playing fields for vendors like you.
- Customized terms: Because sellers on the ONDC network are free to set their terms, their business operations can be more customized and flexible.
- Cost-effective selling: Because selling on the ONDC network is significantly less expensive than selling on other platforms, you can optimize their earnings and take advantage of cost-effectiveness.
- Improved visibility: By becoming a member of the ONDC network, you may be able to increase your online store’s visibility, reach a larger audience, and strengthen its position in the market.
How to Register on ONDC as a Seller?
How to Register on ONDC: Begin by utilizing a seller network to gain access to the ONDC network. Some basic details such as your PAN card, GSTIN, FSSAI (for food businesses and supermarkets), and bank account details (a canceled check) will need to be shared.
Provide lucid product descriptions and upload images to your online store. This gives your products a visually appealing and educational look.
The ONDC network is now displaying your products for public viewing. Upon receiving an order, you will receive a confirmation message from the customer.
There are two ways that you can deliver the goods. For effective delivery, you can either use your delivery person from your store or collaborate with the ONDC network’s delivery partners.
Following a successful delivery of the product, your bank account will be credited with the sale price. This typically occurs within the time frame specified in the agreement after delivery.
How to Sell products on ONDC?
How to Sell products on ONDC: Within a day or two, you can begin selling on the ONDC network after registering with a reliable seller platform. Now register to give that a try! Take a look at these sellers who have joined the ONDC network and are successfully fulfilling orders every day!
It has been the main e-commerce platform establishing the parameters, rules, and operations of the market for a while now. It’s time for you to break through these barriers as a retailer and connect with the customers who are eager to buy from you. Get your pass to join the largest open e-commerce network in India by signing up with ONDC today!