Explore the European Market with Amazon and Go Global

Business

Written by:

Reading Time: 3 minutes

Indian products are now gaining much popularity in western countries and also in European countries. The world out there is massive; to grab all the opportunities of profits, one needs to open their doors to international trade. The European Union has all the things to fulfill their needs and requirements. But as we move forward in time, people have become inclined towards authenticity and traditions. Their liking for Indian culture and products have only increased in the past decade. 

People using Amazon Europe and selling their products from India in other countries have also multiplied. India has a fast growing economy, and with so many big and small businesses here, the government is establishing stronger trade relations with European countries. In 2020, India was the 11th largest export partner to Europe. The exports are expected to stand around $90 billion by 2021. This indicates that Indians have a long list of opportunities waiting for them in the near future. 

There are quite a few reasons in favor of going global in trade. Today, businesses have all the facilities to trade in the worldwide market, like Amazon Europe International e-commerce has allowed Indian traders to find their strong points and flourish not only in the domestic borders but also across the world. The numbers and statistics are proof that Indian exporters have a long way to go in this sector.

Also Read:   Disaster Preparedness For Small Businesses With a Focus on IT

How to export from India?

The Indian subcontinent has an abundance of resources scattered in various places, as is the populace. And that makes production and manufacturing the unique proposition of India. When businesses see progress in the domestic boundaries, it is time to open to the global markets and bring in gains to the organization and the country. Whether it is to increase your customer base, establish a global presence, build brand recognition, create product acceptance, or continue to scale, Amazon Europe is the way to do it. 

The global selling platform by Amazon offers multifaceted benefits to your organization. With one seller account, i.e., Europe, you can sell in eight countries of the EU- the UK, Spain, France, Germany, Netherlands, Italy, Sweden, and Poland. This is the best thing about the largest eCommerce platform; it has a successful presence in all the marketplaces, and sellers can leverage this to their benefit. Following is a step-by-step guide to help you understand the process of exporting from India to Europe. 

  • Incorporate a proprietorship or company.

The export industry is a flourishing one and attracts many sellers. They can be the ones who already have a business or those who do not have an existing business entity. To trade with foreign countries, it is vital to have a sole proprietorship or a limited company. So this becomes the first step of your export journey.

  • Build your online presence.
Also Read:   Managing and Communicating with External Customer Service Vendors

Having an online presence is a necessity when you plan to export. You can have your website, or you can register as an Amazon Europe seller. Amazon is the largest eCommerce platform across the world, and by being a seller on it, you justify yourself to be authentic. Your customers would believe you in the first place because you are linked to Amazon.

  • Get your current account opened.

A current account is one where you do not have to maintain a minimum balance. It is used by businesses because of the high frequency of transactions that happen on a daily basis. For entrepreneurs who wish to export, it is also essential to have a current account to process transactions and receive payments. 

  • Take the Import Export Certificate (IEC).

The IEC is a key business identification number issued by the Directorate General of Foreign Trade. It is a mandatory document that is needed by every business owner who wants to export their products to foreign customers. You can upload the details of the IEC on your Amazon Europe account and sell freely. 

  • Get the RCMC as per Foreign Trade Policy.

As per the Foreign Trade Policy, an Indian exporter is required to have a registration-cum membership certificate to avail of the advantages of the policy. Like the IEC, you can fill in the details of the RCMC on the Amazon seller account and then complete your exports without any hassle. 

Also Read:   How to Use Free CRM for Small Business

Amazon Europe is an excellent platform for all big and small enterprises who want to move ahead in the competition and create a foreign market for themselves. It has a strong base of customers who are loyal to the platform. Sellers get the opportunity to leverage this fact to their benefit and gain customers for their products. The European Union is a free economy, and trading in an environment like Europe is fruitful for all aspiring exporters.