Instamojo – Sell and collect the payment as per your convenience
With
the current scenario of Digital India, the dream of a developed India
is not that far. I realized this fact when I got introduced with
Instamojo, a platform that eases down the hassle of selling products and
collecting the money.
When I was introduced with this platform, I was amazed of its interesting features which compelled me to write a comprehensive article on Instamojo to make my readers aware of it. This platform would definitely help those who are willing to sell away their products with an integrated payment collection system.
When I was introduced with this platform, I was amazed of its interesting features which compelled me to write a comprehensive article on Instamojo to make my readers aware of it. This platform would definitely help those who are willing to sell away their products with an integrated payment collection system.
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Instamojo - What is it all about?
What is Instamojo Payment gateway in India. Lets review it Incomeboy.com style
With
a boom in online selling, many eCommerce sites emerged with their
unique concept of selling and buying online. This concept then needed
nothing but internet and an online payment gateway. Well, with the
arrival of ccAvenue, the face of online selling just changed. Now, the
payment transaction had become more feasible and quick.
But
again as this big conglomerate was not interested in small players of
the market selling the online-books and online courses, these small
players have been looking for something that could support their online
selling and payment receiving.
what happened next? Instamojo came in the market.
Important point to remember
The
small players like digital market expert and e-book sellers cannot
afford the payment gateways like ccAvenue because the whole process of
registering with the payment gateways requires high set up fee, huge
selling volume of the products and a lot of paperwork.
Arrival of Instamojo - A demigod of big payment gateways
The arrival of Instamojo is not less than any god for the digital marketers who have something to sell but in a small volume. As the payment solution came, these small players came in the main stream, selling what they have got. Now, they could easily sell their programs online and receive the payments without much hassle.
It does not matter that they have small volume of products to sell in the market, they have Instamojo.
Also, the additional benefits which they get are-- Flat 5% fee for the transactions
- Payout in every 2 weeks in the bank account through NEFT
Background of Instamojo - The start
Instamojo is a start-up based in Bangalore and its main aim is to motivate and support the online sellers to sell their goods and collect payments. This start-up has recently empowered the zeal of all new entrepreneurs, Freelancers, and solopreneurs, who have this idea of selling their e-books and courses online, but they do not have the support of good payment solution.Therefore, the arrival of this new start-up is just like a boon that will definitely flourish the career these entrepreneurs, Freelancers, and solopreneurs, who have huge ideas of growing digitally.
Who are the right candidates to use Instamojo?
This is an online payment collection and eCommerce selling platform and hence, everyone who has this sharp need of selling their products and services online can come and join Instamojo. There are no rules and regulations whether only big players of the market could join in. With this platform, anybody (from a blogger to an author) who sells their products like e-books, online courses, videos, and music can come and join the portal. Therefore, if you feel that you are good at something, just make that your product and come at Instamojo, you will definitely get buyers.Important to note:
To
genuinely use the services of Instamojo, you will have to be Indian
with an Indian Bank Account to receive the payments of your sold goods
online.
Features of Instamojo- The keys to your digital marketing career
So, now when we have established a foundation regarding the importance of Instamojo, let’s go further and examine the features that it gets to you.#1. Easy payment collection for digital goods
Instamojo offers a complete payment solution for the selling of digital goods online. You can conveniently upload the digital goods and leverage the Instamojo payment gateway for the buyer pay. In fact, the delivery of the digital goods comes under the features offered.#2. Payment collection for physical goods
Don’t look surprised! Instamojo does allow you to collect payments for the physical goods as well. This is the additional feature that makes it highly popular in the industry.#3. Reasonable transaction fees
One of the biggest benefits of using Instamojo is its highly reasonable transaction fees. With only 1.9 % of the transaction fees, this becomes the prime choice for every online business startup.#4. Easy sign-up
Believe or not, you will require only 5 to 10 minutes in order to sign up and start using. The easy and convenient sign-up process allows more and more people to start using and leverage the benefits.#5. No setup charges
This is probably the most valuable feature for the new ventures. The ability to set up without having to pay any fees makes Instamojo highly approachable in the e-commerce industry.#6. Ability to integrate Google analytics
With the ability to integrate Google analytics, the monitoring gets much easier. You can constantly keep an eye on the analytics of your online business and make relevant changes to see the best results. This sales tracking also includes the ability to analyze the regions and multiple types of customers.#7. Discount code creation
In the e-commerce world where people have multiple portals to buy the same product, the discount plays an important role. With Instamojo, you can create a discount code for your product and promote the sales to get instant growth.#8. SMS payment requests
Yes, you can send SMS requests for payments via Instamojo. This improves the selling capacity and also reduces the payment collection time for the products.There are plenty other features that you get to experience by using them for the online selling and online payment collection.
What can you sell via Instamojo?
In the growing Indian e-commerce scenario, Instamojo offers a great platform for the online business. Here is what you can sell via this platform.1. Digital products: The platform provides a secure and protected business environment for the businessmen who want to sell digital products. Now, no business idea has to take a step back due to the unavailability of the huge funding for online selling.
2. eBooks: People go online for both information and entertainment. Hence, the selling of research articles, newsletters, music and other physical goods have grown online. Instamojo takes care of the business model and allows a selling ground for the eBooks.
3. Events and tickets: Earlier it was difficult to find buyers for the membership programs and events. But now you have the ability to promote and sell your event tickets.
While these are the major product classes, Instamojo offers a wide range of online selling choices. The flexible payment methods like social pay that allows you to get Facebook shares and twitter tweets in return for the service you provide. Also, Instamojo doesn’t restrict you to keep a fixed price for your products. Hence, you can sell your products at flexible prices.
How to start your business on Instamojo?
You don’t need to have extreme technical knowledge in order to get started on the platform. Setting up an account is pretty simple and takes a few minutes only.So, let’s start with the first step.
#1. Create your profile
First of all, head straight to the homepage on Instamojo. There you will find an option called “Get started & create your profile.” Click on it.Now, you have to add a username to the profile. One important point to remember would be that the username is displayed in your download link. Hence, it would be wise to use your brand name or the industry keyword to achieve more attention.
#2. Submit your KYC
Now, that you have created a username for yourself, the next thing would be to submit your KYC. Here you need to select the business type and enter the PAN card details such as name, PAN number, Bank Account Number and Bank IFSC code as well.Finally, you need to upload a scanned copy of the PAN card along with one of these three:
- Passbook Front page
- Latest bank statement
- Cheque book front page
#3. Choose a payment link
Now, you need to configure payment link. This link is where you will receive the payments for your sales.You can click on the “Create Payment link” and pick one of the provided options:
- Digital Goods
- Event Tickets
- Services/membership
- Physical Goods
Instamojo APP
Instamojo
has introduced their mobile app for easy accessibility. Get notified of
each payment you receive and also in building customer service and
dispute resolution center.
Over to you
While
making your profile, you don’t have to extremely concern about not
making mistakes. You can make the changes as per your convenience in the
future. So, no need to worry. You have gotten a reliable and trusted
platform to sell your products, it is time to start using it.Hopefully, you will find the information helpful in building your business online via Instamojo.
Instamojo
keeps transparency with their statistics and success rate of payments
by presenting the data. To know more about the success rate of the
payments through Instamojo, click here on Payment Success Rate Data by Instamojo.
If you click the button Below, you will receive free Rs 500/- when you receive your first payment (incomeboy.com exclusive deal)
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