The document discusses the growing trend of social commerce in India as a source of gainful employment. It outlines the story of Kavitha Thakur who earns a commission of Rs. 45,000 per month through social media-based reselling. Social commerce allows individuals to become resellers by displaying product catalogs, running ads to attract customers, and placing orders on behalf of customers for a commission. The model provides work-from-home income opportunities and is particularly beneficial for women, with over 60% of resellers being women and 70% operating outside of major cities.
The document discusses the growing trend of social commerce in India as a source of gainful employment. It outlines the story of Kavitha Thakur who earns a commission of Rs. 45,000 per month through social media-based reselling. Social commerce allows individuals to become resellers by displaying product catalogs, running ads to attract customers, and placing orders on behalf of customers for a commission. The model provides work-from-home income opportunities and is particularly beneficial for women, with over 60% of resellers being women and 70% operating outside of major cities.
The document discusses the growing trend of social commerce in India as a source of gainful employment. It outlines the story of Kavitha Thakur who earns a commission of Rs. 45,000 per month through social media-based reselling. Social commerce allows individuals to become resellers by displaying product catalogs, running ads to attract customers, and placing orders on behalf of customers for a commission. The model provides work-from-home income opportunities and is particularly beneficial for women, with over 60% of resellers being women and 70% operating outside of major cities.
From Facebook and Candy Crush to 100th contact Rs 45000 in commission, WFH Social media group + collaboration with an online reselling platform Inspiration- Friend Social commerce firms- household or fashion accessories for commission IMPLICATIONS
WFH + owners of small businesses
Internet+ smartphone penetration has helped
Filling the void created by Amazon and Flipkart
THE PROCESS
Social commerce- transaction between two individuals
Display of catalogues, run ads to attract resellers Resellers reach out to their social contacts Customer need- order placed by reseller Buyers- get the product from the company + pay Resellers- commission +WFH +income opportunity PROSPECTS
Mohit Bhatnagar- “Social commerce is the future of e-commerce in India”
Online reseller- trusted face + place orders on their behalf Partnership among resellers- Khamesra’s case Start-up promotion- Suranjana Shaw Meesho- 12.5% commission on sale of Rs. 50000 $40 Million raised by leading players- India CAGR of 33.91% growth- 2017-21- TechNavio report Challenges- logistics, exchange and return policies, payments Edge- smarter supplier curation, vernacular apps, incentives to all parties CONTEXT THROUGH NUMBERS
31% of Indian women-age 15-49- working
Over 60% of resellers- women
Rs. 25000-50000- average commission/month
70% women resellers outside metros, gave up jobs after marriage and children
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