If we talk about Myntra, it is one of India’s popular e-commerce companies, an online lifestyle and fashion shop headquartered in Bangalore, Karnataka. This huge platform for online sales is prospering rapidly and shipping above 8000 products a day across the nation. Moreover, this company focuses on offering a comfortable and hassle-free shopping experience to consumers all over the country with a huge spectrum of products and brands on its website. The e-commerce company sells a wide range of clothing, jewelry, footwear, accessories, backpacks and bags, and personal care products for men, women, and kids. Let us have a look at the eligibility and registration process of the Myntra seller given below.
Who can Become a Seller on Myntra?
The one who wants to become a seller on Myntra has to follow the below-given steps:
- One should fill in the “Sell With Us” form and if the application is accepted by Myntra, then you are ready to sell on this platform.
- The seller has to be registered either as a Sole Proprietorship, Private Limited Company, Partnership, or Limited Liability Partnership.
- Provide the PAN card details of the business entity, your TIN (Taxpayer Identification Number), and the complete details of your current account with the name of an account holder, bank’s name, branch, account number, and IFSC code.
On quick registration of your business entity, it just takes a few days to roll out your products on Myntra and start selling. As soon as you see your online shop goes live, customers would be able to reach out to your products.
Why Should You Sell on Myntra?
Myntra is a user-friendly and the most famous online shopping platform with yearly huge traffic growth across the country. It enables the seller to handle their store with a well-organized customer supply chain management and cataloguing support. Thus, the sellers can concentrate on selling their brand on this e-commerce website. The dedicated account managers of Myntra would offer fresh content and the latest industry trends for the brand of the seller. In addition, in-depth analytics, social media engagement, and various channel promotion campaigns will help the seller to know what customers actually need.
How Does Mynta Seller Operate?
The onboard specialists of Myntra always operate with the seller to take their brand to live as early as possible. Hence, the seller can update inventory easily and begin getting orders from the large customer base of Myntra. It eases the product supply in which the seller only requires to keep their products ever-ready and then the Myntra will take their products and ship it to the consumers as soon as possible. Its working capital support and regular settlements allow the brand of the seller to grow rapidly.
Documents Required to Become a Myntra Seller
Once you get Myntra seller registration, then the applicant must keep the following documents ready which are as follows:
- PAN card details of the business entity
- GSTIN number and GST registration certificate of applicant’s business
- Applicant’s current bank account with the name of the account holder, account number, IFSC code, name of the bank, and branch
After the registration of the applicant for becoming a seller on Myntra gets accepted, he or she can list their products on Myntra.
Eligibility Criteria for Myntra New Seller Registration
Before making the Myntra new seller registration, the applicant should take the following action to become a seller in Myntra. Keep in mind that Myntra only allows the business entity to sell on Myntra but not an individual. Therefore, you should get your business registered as legal to identify using any of the four options given below:
- Sole Proprietorship Firm
- Private Limited Company
- Partnership Firm
- Limited Liability Partnership
Once you are done with any of the above-mentioned four registrations, it is essential to complete the VAT registration to sell products on the marketplace. The applicant cannot sell on Myntra without VAT registration.
How to Become a Seller on Myntra – Myntra Seller Registration Steps?
Check out the Myntra seller registration steps given below:
- Step 1: The seller must go to the official website of Myntra.
- Step 2: Press on the option “Registration Now” which is visible on the website’s home page.
- Step 3: Now the application form for the seller registration will appear on the screen.
- Step 4: Enter the following details in the seller registration form:
- Seller’s name
- Phone number
- Email ID
- Name of the company
- Nature of business
- Step 5: The applicant should verify the captcha and hit the option “Submit” for successful registration after filling in the details.
Benefits of Selling in Myntra
Have a look at some of the benefits of selling products in Myntra which are as follows:
Guaranteed Minimum Returns: Even if the sales are low, Myntra guarantees minimum returns.
Style Recommendations: Sellers are allowed to take the assistance of fashion trendsetters who suggest their products’ designs. This way, sellers can deal with their products by having the latest trends.
Minimal Investment: Sellers do not need to invest in store setup, rent/land, employees, etc. with Myntra as it just needs to run a physical store.
Strict Screening Process: Every seller should have their PAN card and Aadhar number for the process of verification to keep off fraudulent sellers from the website.
Old/Excess Inventory: Myntra allows the selling of old, low-demand, and excess stock if it fulfills the set criteria of the brand.
Social Campaigning and Marketing: The entire marketing and social campaigning for the products are managed by Myntra therefore sellers do not have to worry about it. Hence, it helps the sellers to focus on the sales of the products and maintain their quality at the same time.
Complete Liberty: Myntra sellers have full control and authority over their products once they are done with the registration. They can look after the whole online store, sales, quantity, and quality of the product, and the product catalogue.
Wide Consumer Reach: Myntra is a vast e-commerce platform that is a way to reach millions of customers all over the country and boost your sales.
FAQs related to Myntra Seller
1. How can I get registered as a Myntra seller?
For registration on Myntra, you have to just fill up your registration form by pressing the button “Register Now”. They will review your application and get back to you with the next steps.
2. What type of products can I sell on Myntra?
You can sell all types of fashion merchandise like accessories, footwear, and apparel on Myntra. Also, you can list only those products that are relevant to categories available on the website.
3. How would my products get listed on Myntra?
Once Myntra has a signed agreement with you, the seller onboarding specialist of the company will guide you with important details to get your products listed on the portal.
4. How would my product cataloguing be carried out on Myntra?
Product cataloguing is the primary activity to make online sales. The company would try hard to showcase your products on the website. For this, they work with recommended studio partners, cataloguing team, and photo cataloguing at Myntra studios.
5. What is the payment cycle on Myntra?
Payments are usually released on the 10th business day of every subsequent month. If there would be any exceptions, they would be covered in your detailed agreement.