Online Sellers on Ethnic marketplace, Craftsvilla can now reach customers in countries like the Middle-East, Malaysia, Singapore, Australia and New Zealand. The feature is slated to be available by the end of the month. To be able to sell abroad, a seller has to be registered on VillaPay seller.
Manoj Gupta, CEO of Craftsvilla says that the company has put in much thought and effort into the initiative. He says, “A lot of time and research has gone behind the curation of the collection and products. A curated list of products that appeals to the global audience along with some of our bestsellers will be available. The price of the range starts from as low as 20 dollars and the visitors would be able to make the purchase in their standard currency.”
Craftsvilla has also researched about the:
- Trade routes
- Exchange rates
- Lucrative markets
- Legal formalities
- Shipping costs
Selling abroad good business
Craftsvilla is certainly not the first one to come up with the sell abroad plan. Other marketplaces including Amazon, eBay and Etsy have a ship overseas program. Jaypore, Indianroots, and now Craftsvilla promote exclusive ethnic Indian products including apparel, accessories and jewellery.
Selling to foreign buyers is a sweet deal for Indian online sellers. The formalities are minimal, and while shipping can work out to costing a fat amount, the paybacks are worth it if you do your homework well. Study the market carefully and understand different requirements and tastes. Take up a foreign market only if you are convinced that you will get substantial returns.
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