Blogs

Why can virtual bookkeeping help your small business?

| July 26, 2021

1 Comment

“Virtual bookkeeping services are alarming. They won’t work.”

It’s a typical confusion of the individuals who have not attempted the various online accounting services. In any case, when they do pursue a virtual small business accounting service, they soon understand its advantages.

How often a day have you seen your staff bookkeeper spending their time at the water cooler or simply talking with associates?

At the point when you decide on online accounting applications, you can set aside cash and time. And as a business owner, you realize that time implies money.

Many business owners are unsure about utilizing this because it will mean reevaluating your accounting/budget reports.

However, did you realize that today’s best, productive small businesses are utilizing virtual bookkeeping services? Indeed, they have accepted it to invest their energy advertising their organizations in the commercial center.

They are utilizing online accounting as a component of their long-standing manageable business plan. The owners of these businesses have additional time working on the nature of their item/administration and expanding their benefits.

Be that as it may, how could virtual bookkeeping help small businesses?

Virtual bookkeeping saves overall cost.

Assuming you need to improve on your accounting, you ought to consider online accounting applications/services.

What amount would you say you are paying your in-house bookkeeper? A virtual bookkeeper will cost less to enlist.

How?

There is no requirement for you to run background checks, provide ongoing training, and so on. The online small business accounting service or application will do that for you.

By and large, you will save in the area of 30-50 percent of the whole expense of recruiting an in-house bookkeeper and utilizing a conventional accounting framework. The investment funds will incorporate the long periods you and your accomplices spend on those exercises.

Since an online bookkeeper will be an application, you won’t need to deal with its finance charges, pay occasion time or give different advantages.

Considering that, you are getting incredible incentives for your money. You will get an extremely experienced, gifted, effective bookkeeper that will assist you with your small business. That is genuinely accounting improved.

Easy data reinforcement 

Most virtual bookkeepers will get to your books using cloud-based accounting programming like QuickBooks Online. Cloud-based programming will regularly back up any progressions to your books for your records.

Like this, you don’t need to make sure to keep an upheld-up duplicate of your financial data; you can be confident you generally have one. Using cloud-based programming regularly additionally implies that you control what portions of your financial data your virtual clerk approaches. They can’t see or retain any information you don’t need them to.

Convenient reports and monetary data

Curating your financial data is your virtual clerk’s one job. Full-time in-house accounting staff can get hindered with different ventures and revealing, making it hard to get convenient monetary data. In numerous small businesses, the accounting is finished by the business proprietor, making it practically unimaginable for you to zero in on the two the company and the funds.

Your virtual accountant will be devoted to guaranteeing you generally have the correct monetary data when you need it. A virtual accounting administration is beneficial for routine financial errands and detailing like month-end close or payroll.

Closely deal with your organization’s accounts. 

Since your clerk will keep up with your books basically and frequently distantly, all collaborations with that data will happen using your cloud-based programming.

This implies that all progressions made to your financial data and books will be accessible to you progressively. A virtual accountant permits you to keep all your financial data forward-thinking and readily available, so you know what’s going on with your cash consistently.

Customer service? - How to improve it?

| July 19, 2021

0 Comment

Happy and satisfied customers can help you build credibility and get more business – research shows that 77% of customers are probably going to suggest an organization to a companion if they had a positive experience with your company or business. Furthermore, that is the reason you should focus on keeping your customers happy and satisfied with your incredible customer service.

McKinsey and the company say that,

“Today’s consumers do not buy just products or services – more and more; their purchase decisions revolve around buying into an idea and an experience.”

So, if you need your customers to like you, you need to consistently convey the best customer experience. Here are three procedures that can assist you with further developing your customer care norms.

1. Look for Customer Feedback 

To give great customer service, you first need to comprehend their requirements, experiences, and pain points.

For these, you need to assure that you give your customers various approaches to share their input. You can do this through phone surveys or a feedback form sent using email. Besides surveys, you can likewise set up a complaint system, which will better empower your customers to address their issues and problems.

So, this will tell you about their best, terrible, and ugly experiences when interacting with your brand image. Through this, you acquire genuine bits of knowledge into what you’re doing nicely and which regions require improvement.

Connecting with your customers to collect feedback also has another significant advantage. It causes them to feel that you esteem them and settle their issues. This can assist with building up trust and may even keep them from sharing their interests or negative remarks via online media.

2.   Reinforce Your Customer Service Team 

Further developing your customer service starts with building a solid customer team. Here are how you can reinforce your service performance. 

  • Recruit and Train Professionals with the Right Skills 

No instrument or AI component will make up for the absence of a talented labor force – when you enlist individuals for your customer service team, you should search for people with the right abilities.

You ought to likewise put together training sessions for them to further develop their abilities once they’re ready – some outstanding abilities each customer administration agent needs to have are:

  • Compassion and Patience 

A customer service rep needs to manage various sorts of customers: Some might be irritating or confounded, while others may have many inquiries. A customer support delegate needs to manage every one of them calmly and expertly.

  • Extraordinary Communication abilities 

Individuals you employ should be confident and have superb communications abilities. They ought to have the option to pass on what they mean positively. And they ought to endeavor never to end discussions such that they leave a customer disappointed.

  • Knowledge

Ensure that your customer service agents correctly understand your product, services, and pricing plans. If they aren’t sure of something, it’s ideal to say, “I’ll get back to you after checking with our product team,” than giving wrong data.

3. Track Performance of Your Customer Service Representatives. 

Are you uncertain of precisely how gifted your customer administration delegates are? You should get some information from their customers about their experiences of dealing with them.

You can use ratings or reviews, or surveys to follow the performance of every customer service agent.

So, it would help if you tried to recognize the efforts of your customer service teams, who convey undeniable degrees of customer experience and satisfaction.

You can reward your top performers with incentives or gifts – this will support and motivate your employees to accomplish your customer service goals.

FINAL TAKEAWAY.

Regardless of whether your customer surveys are reasonable, there’s nothing of the sort as over-doing in customer service- there is consistently scope for development.

You ought to reliably focus on further developing your customer service guidelines. Extraordinary customer service can help you fabricate trust, build brand mindfulness, acquire customer reliability, drive sales, and draw in new customers through significant proposals.

Keeping your customers happy is more significant for your business than everything else. Ensure you convey 100% customer satisfaction.

How to run a small business using a smartphone?

| July 9, 2021

0 Comment

Small business owners face many difficulties on an everyday premise and no more so than the present moment. In this way, anything that helps your endeavor keep the wheels of usefulness turning is consistently a reward, which is where a smartphone becomes valuable.  A smartphone can help run a small business smoothly and efficiently.

A smartphone with decent features and the ability to run only a couple of core applications can significantly affect staying beneficial, particularly in case you’re regularly moving.

While PCs and laptops are yet the go-to productivity tools for some entrepreneurs, a smartphone will allow you to do most tasks in a considerably more productive manner and without the bulk.

With the cell phone itself, it’s the development of versatile applications that have assisted with making us all a little more effective.

While applications on smart phones aren’t generally incredible for things like high-volume information section work or composing long business reports, they’re ideal for speeding through other fundamental errands.

Let’s look at some ways smartphones can help run a small business!

Download the applications that can be useful across various stages.

Today, there are a few applications, for example, Google’s G Suite, Office 365, Vardaan solutions,vyaapar, and others, that lessen manual working and speed up the working of businesses. From managing invoices to documenting payments and administrating credit and debit records of clients, these applications computerize the whole process. These applications facilitate the tasks of businesses to a great extent.

Both the business workforce and clients get convenient notifications about outstanding payments and different specifics. Businesses need not manage the problem of recording or keeping transactions or preparing invoices. It helps in saving time and exertion, which can be utilized for business development and extension.

Take advantage of voice technology to deal with your business 

Virtual assistants like Google Assistant, Apple Siri, Amazon Echo, and so forth have become a part of our day-by-day lives. You may utilize voice innovation to play out a few errands like sending messages, setting a meeting reminder, making a business call, sending official messages, opening applications on your cell phone, and others.

You don’t have to type a text to direct inquiries on Google or to send email replies. Speak out what you need, and the work will be done instantly. If you utilize your smartphone properly for your business, you can save a great deal of your time and effort.

Make use of your mobile for text message Marketing. 

Marketing through text message efforts permits businesses to hold customers by giving them the choice of getting messages from the businesses they have dealt with. More than 90% of people open those messages to think about the new offers and deals. Those texts are short and can be read in seconds.

Mobile marketing and text informing are viable methodologies to spread the message about your new dispatches and most recent offers. Businesses can even send links to digital coupons using text messaging.

Keep your official email account available through your smartphone.

Link your office email account on your smartphone to access and reply to business messages progressively. Besides being easy to understand and versatile, a handset proves helpful to browse messages without getting to your business email account through a PC or Laptop. It not only guarantees a quicker reaction yet, in addition but also keeps the messaging cycle coordinated.

Keep high-resolution pictures of business cards and product models on your smartphone. 

Business proprietors need to manage a lot of professionals and other business owners daily. Resultantly, they are left with such a large number of business cards. A large portion of them may end up being profoundly significant contacts for the business. Odds are, you may miss any significant business cards or may neglect to discover them when required. Subsequently, it’s ideal to utilize the versatile camera of your handset and keep a digital copy of the business cards. You may even add point-by-point notes to follow up later.

Moreover, you can likewise stack pictures or lists of the items you manage. The chosen data, or item detail, can be effectively imparted to potential clients quickly through email or messages without orchestrating a printed copy.

FINAL TAKEAWAY

Today, the utilization of smartphones is not, at this point, restricted to interpersonal interaction. The progressions and incorporations in technology have made these smartphones an exceptionally expected device for all types and sizes of businesses. It has wiped out distance and time restrictions and assisted businesses with building better communication with sellers, clients, and laborers.

Also, staying updated on the most recent smartphone features to increase your business working and productivity is very important. Whenever utilized shrewdly, the characteristics of smartphones can do wonders in showcasing and developing the business.

How to separate personal and business finances?

| July 8, 2021

0 Comment

It’s simple for your personal finances to get messed up with your business finances. But regardless of the kind of business you’re running, it’s a smart thought to keep your finances separate from those of your business.

At least, doing this will make it a lot simpler to sort out what you can deduct and what you can’t at tax time. And it will likewise make it simpler to develop your business or even sell it.

Do not panic if you haven’t yet isolated your records into personal and business stacks; it’s never past the point where it is impossible to begin.

So you don’t know where to start with separating your personal and business finances? Let’s learn some ways to do it.

1. Get an EIN 

EIN represents Employment Identification Number. An EIN resembles social security for businesses. Getting an EIN should be the primary concern for each company. It permits you to differentiate your social security number from your business issues and documentation. It is an interesting nine-digit number assigned by the IRS that distinguishes your business as a functional element.

So, this number permits you to do all your tax-related business and open a bank account for your business. Therefore, having an EIN is an efficient approach to isolate your business resources from your resources. If you need to apply for an EIN, it is free and requires a couple of moments. Your application is made on the IRS site.

2. Set up different financial records. 

If you have separate financial records and are constantly drawing on the perfect record at the tax time, you just have to review your bank statements for a clear picture.

So, if you can figure out how to utilize your business debit card and stay away from cash, you may even have the option to do your taxes and other monetary detailing straight off your bank statements.

3. Get a credit card for the business. 

A business credit card will help you develop a credit history record for your business separate from your personal credit history. So, analytically, your credit card is perhaps the likeliest spot for your finances to get tangled. Therefore, separate credit cards imply that if something goes out of the reach of your business’s current budget, you will not be enticed to utilize your credit card.

4. Set a total budget for the business. 

Similarly, as you would prefer not to haul more cash out of your business than your business can manage, you don’t need the business to pull more cash out of you than you can bear.

Also, numerous entrepreneurs end up siphoning cash from their accounts into their organizations at whatever point there’s a deficiency. Also, in some cases, it’s unavoidable. However, if you have a detailed financial plan that depends on your business’ present profit, you can help stay away from both.

5. Separate your receipts and keep them.

What better approach to exhibit your commitment to keeping your personal and business costs separate than by actually separating your receipts? Consider ordinary envelopes or separate organizers in your email for automatic receipts.

So, this basic practice will help you sleep peacefully, knowing that if the Income-tax department ever comes knocking, you are prepared.

6. Define boundaries between your home and your office. 

Divide your office and your home, mainly if you work from a workspace.

How to separate personal and business finances?

You are doing as such allows you to guarantee the workspace derivation just as evenly as dividing bills. Regardless of whether you have a workspace, your business shouldn’t be covering the whole electrical bill for your home. Essentially some portion of that weight should fall into your finances.

FINAL WORDS.

From the start, it may not be easy to keep things perfect and clean. Yet, regardless of whether you can deal with a couple of these tips, you’ll set aside both time and cash during the following tax season, an audit, or even while searching for financing.

Solid businesses develop via cautious, gradual upgrades, and figuring out how to keep your personal and business finances separate is the ideal spot to begin.

Download Vardaan now from the play store or App store for managing your business and business expenses!

What are the different wholesale business ideas to do in India?

| July 5, 2021

1 Comment

Starting a wholesale business in India is a practical and beneficial choice for aspiring entrepreneurs. Likewise, the business demands relatively less capital investment than manufacturing tasks. Here in this article, we want to make the best wholesale business ideas and opportunities accessible.

Starting a wholesale distribution company demands the correct planning and proper inventory management. Additionally, choosing the correct items is essential. Usually, the achievement of a distribution company relies upon the local market interest, product promotion, and customer service. So, at the beginning of this business, a wholesaler shall pick the items that are of his interest and have adequate knowledge of the market needs.

What is a wholesale business?

The wholesale business is additionally known as vendor business, or distribution business which refers to a sort of business wherein the items are purchased in huge amounts from manufacturers or distributors and resell to different businesses. Because of mass buys, the wholesaler gets the products at a much lower value, adds his overall revenue, and resells them to retailers.

Wholesalers don’t sell products in small amounts, but they ordinarily resell in massive quantities. It would help if you began these Wholesale businesses in Tamil Nadu or Delhi, Hyderabad, Mumbai, Chennai, Kolkata or Telangana, or some other town or state. The degree of interest in wholesale business relies on the business level you might want to grow, just like the city where you need to begin.

The ten best wholesale business ideas:

Automobile products

The utilization of vehicles has seen a remarkable climb over the past two or three years. In this way, the requirement for maintenance and repair of automobiles naturally increases. This gives another skyline to the deals of auto accessories and extra parts in bulk. It can procure you high benefits. This is outstanding amongst other wholesale distribution businesses in India.

Wholesale in Textiles 

Textile tops the rundown of wholesale business ideas. It’s not only a rewarding business portion, yet it likewise offers adaptability. There is a broad scope of thread, fabric yarns, home furnishing, readymade garments, footwear, accessories, etc. This Assortment sets out tremendous freedom for benefits. One needs to have the proper knowledge about the textile business before beginning.

Children’s Toys Wholesale Business 

This is probably one of the biggest markets lately and is expected to become greater. Purchasers are searching for extraordinary and intriguing toys. Importing toys abroad is additionally a wholesale business idea that one can pursue and anticipate great returns. Besides, the Indian government is likewise advancing this industry and has been giving plentiful advantages which you could take advantage of.

Wholesaler of grains 

India is a crowded nation, and the interest in food grains has consistently stood steady. Few states produce the grains. However, they must be dispersed all through the country. You can turn into a wholesaler of food grains. There are numerous sorts of grains accessible in the market like wheat, rice, maize, bajra, etc. Therefore, it is one of the beneficial vendor businesses ideas.

Readymade snacks business 

With the greater part of individuals being foodies in our country, any business related to food can never go down whenever done with legitimate consideration and cleanliness. Each state and each road has its claim to fame in crunchy Munchy bites. Wholesaling these snacks from huge kitchens and bundling them into helpful little parcels to sell at great rates can be a smart business thought.

Done with legitimate quality and cleanliness, this business will touch new statures in a matter of moments. So, this is perhaps the most profitable wholesale business in India.

Gifts and handicrafts 

Wholesale in gifts and crafted works is a productive business idea if planning is done properly. The targeted audiences are small gift shop owners and handiwork merchants. Guarantee appropriate quality and convenient conveyance of things and see your business climbing statures of achievement. So, this is one of the high-margin wholesale businesses to begin from home.

Distribution of furniture 

It’s anything but a prospering business thought as furniture is something which is needed in all families. Convenient, lightweight, and multipurpose furniture are favored nowadays. Thus, you can make your own space with some unique ideas and some imagination. This way, your business can grow locally just as globally. This is one of the great high-margin wholesale businesses in India.

Organic Food Wholesale Business 

Natural food is getting unprecedented interest as everybody needs to keep a sound way of life. Natural items are sold offline and online. Furthermore, Makers are searching for merchants to arrive at each town to sell their items. Focusing on the wholesale market of organic food can offer nearby and global opportunities.

Agrochemical Business 

India is a country that, to a great extent, relies upon horticulture, and henceforth agribusiness can be a standout amongst other wholesale businesses to begin. Selling hardware utilized in horticulture can be profoundly productive. Likewise, clients always show enthusiasm about using the most recent innovation. The reach is from manures to pesticides to natural seeds to substantial fabricated hardware like farm tractors.

Engineering and Industrial Supplies 

This is a tremendous industry. Furthermore, it’s anything but a broad scope of items and sub-classifications. The most worthwhile things are machinery, control equipment, pipe and fittings, plastic and PVC items, etc. It is wiser to begin the business of a reputed brand.

FINAL WORDS

A fruitful wholesale business requires a solid network of suppliers and manufacturers, a decent communication chain, and extraordinary advertising abilities. Start any wholesale business wherein you have some insight or information and buckle down to take your business to new zeniths of achievement.

So, to know more ideas, click here.

What is the difference between inventory and stock?

| June 29, 2021

0 Comment

Frequently, Stock and inventory are used interchangeably; however, they have different meanings. It is essential to comprehend that using the two terms interchangeably is inaccurate and might be deluded about its financial strength.

So, here is all the important information you need to know about the differences between Stock and inventory.

What are inventory and things you need to know about inventory?

  • Inventory alludes to the finished product ready to dispense, the work-in-progress goods that aren’t converted into finished items, and the crude material used to make the finished item.

  • Mostly, we find inventory in manufacturing companies.

  • So, there usually are costs associated with keeping up inventory at optimum levels, which the top administration chooses.

  • So, inventory is recorded in the accounting books in 3 distinct ways.

  • These incorporate the weighted standard strategy, Last In First Out (LIFO) and First In First Out (FIFO) methods.

  • Note that every strategy has its ramifications on the income statement, mainly if there are fluctuations with the costs in the raw material.

  • Therefore, understand that changing the inventory accounting methods is considered as a manipulation of the income statements.

What is Stock and things you need to know about Stock?

  • Stock alludes to the finished product that is ready to sell in the market.

  • Note that Stock can likewise incorporate raw material if the organization is answerable for selling raw material.

  • The worth of the Stock relies upon the expense of acquisition or the market price, contingent upon whichever is less.

  • However, when Stock is sold, it will be deducted from the balance sheet added to the profit and loss statement as revenue.

What are the main differences between Stock and inventory?

  • Inventory involves raw material, work in progress, and finished products, while Stock includes only finished products.

  • Accounting for inventory is conducted on a quarterly premise, while for the most part, stock accounting is done on an everyday premise.

  • Inventory should be kept up at an optimum level; optimum level is a level where profit maximizing is possible. Ideally, zero Stock is ideal; however, the organization should produce enough to satisfy the market’s needs.

STOCK V/S INVENTORY.

POINTS OF COMPARISON INVENTORY STOCK
Consists of Raw materialWork in progressFinished Product Finished productsRaw Material (If a company sells directly)
Valuation The cost incorporated by the company using methods such as LIFO, FIFO, and Average cost method is used in determining the value of inventory. The value of Stock is determined by the market price, which is the selling price at which the finished goods are sold.
The Revenue Inventory takes into account all the assets of a business used to produce the goods it sells. Also, inventory helps determine the sale price of the Stock. As mentioned, the Stock is used to determine the total amount of revenue generated by the business. The higher the Stock sold, the higher the revenues.
Maintained on Quarterly basis Daily basis

Conclusion

  • There are situations where inventory is frequently mistaken for assets. Nonetheless, a few assets have various classes.

  • The ideal approach to separate inventory, stock, and assets is by figuring out what stays in business other than customer sales.

  • Therefore, it’s judicious to keep every one of the distinctions separate to keep up precise accounting records.

  • If you need assistance dealing with your inventory, look no further than Vardaan Solutions.

  • However, if you need to know more about stock v/s inventory, you can head to this article.

What are the benefits of online business?

| June 28, 2021

0 Comment

As a business, one should get all opportunities that can benefit the business owner. Your online presence can help your business reach and connect with its audience at a worldwide level. As a result of that, where your physical store can’t reach, your online website can and it can prove to be one of the benefits of online business.

There are times when the customers prefer to visit the website first to look at your services, products, and reviews before visiting your physical store. Presently think, consider the possibility that you don’t have an online presence; I mean no online store. Indeed, there are high possibilities that you wind up losing an expected customer. I’m certain you will not need that!

There are endless advantages to having an online business. In our previous blog – benefits of online business, we listed down some of them; in this blog, we’ve recorded some more reasons that legitimize why your business should be online. Let’s get into the article.

1. 24/7 business

Without the web, the business can’t offer its services for 24 hours. One of the significant advantages of having an online business is expanded and unsurpassed accessibility. With the assistance of an online website, you can allow your customers to visit and know about the business and services anytime and from any edge of the world. This can not be possible with an online business. Your customers can find out about your products and place orders at their convenience.

Envision how advantageous it is for your business to offer its services for a more period and even during holidays. It is very much like making cash even when you are sleeping because the internet is there for you. Your business should be accessible to those buyers who lean toward online shopping over the physical one to increase the reach.

Additionally, we are looking at moving your business online, which doesn’t imply that you are shutting your conventional business. So, at last, having an online website for your business will increase your lead and sales in the market.

2. Great for specialty items

If you sell specialty items, working online is great. Individuals searching for a specific kind of item can, without much of a stretch, find and access your services, which implies that you can profit with more customers contrasted with a blocks and-mortar set-up, where you would be available to a restricted scope of individuals. Organizations, for example, Bikerringshop, sell expert items like skull adornments and skull rings. By working online, they can contact a worldwide crowd for their specialty items.

3. Exceptionally well known with buyers.

More and more buyers presently appreciate the straightforwardness and comfort of looking for services and products online. By setting up online, you will cater to this developing interest. Nowadays, individuals are accustomed to having the option to search for anything they need at any time.

4. Gives boundless opportunity 

Numerous entrepreneurs are attracted to online businesses as a result of the opportunity they offer. Current innovation, workstations, tablets, business applications are only a portion of the instruments that permit businesses to be worked from any area. Whenever you are in a Starbucks, look around- I ensure somebody is chipping away at their online business or startup with wifi and tasting their number one espresso.

Not being attached to a specific area or work area all day can be very engaging. A few business visionaries don’t have the foggiest idea of how to adjust opportunity and flop pitiably, while others use the opportunity as inspiration to work much harder. Try not to confuse opportunity with time to relax. Genuine business visionaries regard opportunity and comprehend that difficult work is certainly worth the capacity to invest more energy with their families and participate in exercises that most pass up because they are essential for the all-day granulate.

Conclusion:

There may be a few benefits of having an online business, yet one thing is without a doubt that you need to put forth the very attempts that you make in your offline business. By endeavors, I’m alluding to the promotion and publicizing of your online business.

In the current situation, the significance of online business can’t be disregarded. Choosing not to see the advantages of having an online business is similar to denying the development of your business. Thus, don’t sit around any further and influence what the web has to bring to the table your business!

Download Vardaan now and move your business online in minutes!

Online Payments - Vardaan

| June 22, 2021

0 Comment

The fundamental standard behind the business is that one party offers a service or goods in exchange for getting paid by the other party. Hence, the entire profit part of this interaction demands the ability to accept online payments.

As the prominence of eCommerce has risen significantly in recent times, arriving at a 46% user entrance rate for digital business in 2020, the benefits of digital payments have never been so attractive to merchants. As a result, having the option to accept online payments has become essential for organizations small and big. With it, the significance of electronic payment systems has become considerably more pertinent.

Looking at the growing importance of online payments, Vardaan also added a new feature in the application through which merchants will accept online payments for offline and online orders.

Online orders:

Online orders in the Vardaan refer to the marketplace where the end customer can select the online payment option and pay the merchant online.

When it comes to offline orders, merchants can share the UPI link in the invoice through SMS and receive the payment.

For both the receivable payments, the order status gets updated automatically.

How to enable the available online payments option in the application?

Let us go through this step-wise:

Step-1: Go to the store.

Step-2: Open store settings

Step-3: Click on online payment settings

Step-4: Enable collect payment online mode.

Enabling online payment

Not only online payment, if you want, but you can also choose cash on delivery option; let us go through that too step-wise:

Step-1: Go to the store.

Step-2: Open store settings

Step-3: Click on online payment settings

Step-4: Enable cash on delivery option.

You can also give the customers to choose from both COD and online payment options by enabling both options together.

How to set up online payment in the application?

Before the merchants can start to receive the payments, they need to set up the online payment by adding their UPI or bank account details in the app.

Let us see the steps:

After enabling the online payment mode:

Step-1: Go to more options.

Step-2: select payment details.

Step-3: Add UPI or bank account details.

This image has an empty alt attribute; its file name is flrfK_GB0Wu17yRls1I8qJOHmTn_RwAPvTMajN2e6vqyoP6FAC9-hgB9W41tjY9HcPUMy_07jwtpG-EoMgZTZzBtd8lAvsyawPNaMwJkvIyZNvM8P8CP-Zwniq4uKMYucVB5efI

And there, the merchants have the online payment set done successfully in just some minutes.

Terms related to online payment processing in Vardaan:

  • Payout

The payout will be instantly processed as soon as the order status changes to done or delivered, which means the payment will be deposited in the merchant account by deducting the applicable charges.

  • On Hold

The payment will be on hold until the order status is not changed to done or delivered.

  • Refund

Once an order is canceled, the payment will be refunded to the end customer by dedicating the applicable charges.

Let us once go through the transaction charges:

For Marketplace charges:       

Credit Card 2%
Debit Card 2%
Wallets 2.25%
UPI 1.25 %
Net Banking 2%

For Payout Charges:

Up to 1000 Rs. 4
1001-5000 Rs. 6
5001-10000 Rs. 7
10001 & above Rs. 10

FOR ANY QUERIES, PLEASE CONTACT VARDAAN TEAM AT [email protected]

Digital Literacy-Indian Business

| June 14, 2021

0 Comment

Small and Medium Businesses (SMBs) structure the foundation of the Indian economy and make considerable contributions to the national economic indicator and household income. However, digital literacy has changed the operational landscape of SMBs, predominantly led by the consumers using the internet through mobile.

Government activities, for example, the Digital India Initiative, have been supplemented by private sector ventures to raise digital mindfulness and abilities among Indian SMBs. Internet adoption and digitization can help an SMB support its income. It benefits up to 2x quicker and scales homegrown and worldwide boundaries.

Notwithstanding, regardless of substantial digital profits, digital literacy adoption by Indian SMBs has been moderately low before. However, rising internet entrance, combined with imperatives of the COVID-19 pandemic, is empowering technology adoption across the SMB sector.

DIGITAL LITERACY BY SMBs IN INDIA 

Each SMB has diverse IT necessities, and one encounters distinctive IT challenges than large enterprises, as their budget plan and staff for IT assets are highly different.

Digitalization of small and medium organizations (SMBs) can add Rs. 11,60,000–15,850,000 crore (US$158–216 billion) to India’s GDP by 2024 and add to the monetary recovery post-COVID19 pandemic. Moreover, as per a Cisco study on ”Digital Maturity of Indian SMBs,” SMBs that are more carefully developed appreciate twice as numerous advantages as income and productivity than those with an indifferent way to deal with digitization.

The study- Digital Maturity of Indian SMBs

The study is based on a review of SMBs in the Asia Pacific and was led by IDC and charged by Cisco. The 2020 SMB Digital Maturity Study assembled and dissected information from >1,400 SMBs across 14 business sectors in the APAC to evaluate difficulties and opportunities faced by organizations during their digital transformation venture. The 14 business sectors involved Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, the Philippines, Singapore, South Korea, Thailand, Taiwan, and Vietnam. India right now positions ninth on this rundown, with capital ventures and a technically skilled labor force being the critical barrier in speeding up development.

Further explanation:

The report further explains that ~68% of Indian SMBs seek to digitally transform to present new items and benefits and separate themselves from the companion. In any case, being willing to accept change is just the main obstacle. As 84% SMBs revealed challenges in executing their digitalization objectives facing a deficiency of digital skills and sufficient ability, trailed by an absence of assets and understanding into information. ~70% said that they are speeding up a division to guarantee business congruity during COVID-19. ~60% perceive that companion is changing and that they should keep pace, while 50% seek digital transformation because of customer interest for change. Given the current situation, an ever-increasing number of customers are shopping online, causing a lift in online business deals; this gives SMBs the potential to change and expand on digitization.

“During this me, small businesses have been wrestling with drastically diminished liquidity, disturbed supply chains, and loaning difficulties. To bounce back, they need to rotate and adjust swirly, reconsider their action plans, and distinguish their place and job in the new normal. In these endeavors, most small businesses have understood that going digital is critical. Hence, they show an eagerness to disrupt themselves,” as per Panish PK, Managing Director, SMB, Cisco India, and SAARC.

CHALLENGES FACED BY SMBs TO ADOPT DIGITILASTION

Infrastructure Issues

Infrastructure requires government or private intercession and does not come under notice because of a lack of adequate funds. So, numerous SMEs don’t know about the different financing alternatives accessible to them from NBFCs and banks. In addition, most lack digital literacy to accumulate data from the internet.

Low productivity

Digitization has improved efficiency in reformist organizations by disposing of manual cycles and making them technology-based. However, traditional SMEs have slow processes, and their workers often lack basic computer skills. This hampers productivity.

Inadequate funds

Funds are needed for advertising or marketing the items offered by conventional SMEs. The absence of digitization brings about a slight flow of income and a lack of cost-benefit analysis. Digital marketing can end up being less expensive when contrasted with actual advertising, which customary SMEs can’t employ.

Absence of Innovation

Due to the shortfall of digital literacy, traditional SMEs can’t think of better approaches to attract customers. Since most buyers go online and use their tablets or mobile phones, formal SMEs fail to attract customers. Sometimes they can’t accept online payments or send e-bills.

Less secure

Since conventional SMEs rely upon manual activities for selling their items, there are high odds of human blunders in terms of the amount sold, payments made, total income, total cost, and so forth, bringing rather more risk than precision.

Higher expenses

Operational expenses, publicity expenses, and development costs are consistently higher for a customary SME when contrasted with a digitized one.

Absence of Training and Skills-

Lack of knowledge about using a computer, digital marketing, websites, social media, and web analytics hamper ordinary SMEs by adversely affecting efficiency. There is nobody to screen the everyday sales, profit, and competition this way.

ADVANTAGES OF DIGITIZATION FOR SMBs

Improved Customer Acquisition

Digitization permits SMEs to connect more with their intended target audience. And reaches customers in any country for upgraded visibility. Manage Customer connections more proficiently, and they can acquire customer insights through various tools. This will help in marketing products better and devise new sales channels.

Operational Efficiency

As a digitized SME, technology can help automate core processes, making an SME more productive. This will especially allow the use of assets and give more control of coordination.

Labor force Enhancement

With digital tools, SMEs can improve areas that need skill improvement. And identify shortfalls in the labor force. It turns out to be easy to track employee’s productivity, train them and make them mindful of the most recent concepts in digitization.

Risk Management

By digital adoption, SMEs can protect sensitive data and financial information through security programming. In addition, it allows for better protection of existing resources through advanced surveillance and makes logistics more powerful.

Improves Productivity

The incorporation of digital tools can help employees work quicker and more productively. In addition, they can work remotely, also at any time to meet business emergencies right away.

Innovation

By digital adoption and digital tools, SMEs can assess the business better with metrics. Activity metrics like web traffic, process metrics like sales and acquisition, knowledge metrics like consumer insights, and individual metrics like employee satisfaction can help improve various parts of the organization.

Saves Costs

Digitization will help diminish operational expenses via automating center cycles and making everything smoothed out. Besides, SMEs can open up to any country on the planet for business without spending anything on advertising.

Reduces Manpower

Since digital adoption will make most business measures automated, labor requirements will go down. There will be less chance y of human blunder, and less monitoring will be required.

CONCLUSION

Digitization isn’t just about converting information and data yet about using technology to discover better approaches for working together. There are countless new solutions and developments present in the market that practically everyone can use. Innovation with digitization assistance helps businesses and SMEs in India think of new ideas and innovations and manage work effectively.

Stay tune with Vardaan for more articles.

What is CGST SGST & IGST?

| June 7, 2021

0 Comment

CGST, SGST, and IGST are classes of GST that are charged by Central and State Governments based on supply and utilization. The GST is a multi-staged and objective-based indirect tax levied on the supply of goods and services. GST is multi-staged; consequently, it is charged at each production level, and being objective-based, the tax is gathered from the ultimate point of utilization and not from any point of origin. Based on these points, the GST is partitioned into three sub-taxes, which are:

  • CGST (Central Goods and services Tax)
  • SGST (State Goods and Services Tax)
  • IGST (Integrated Goods and Services Tax)

What is Integrated Goods and Services Tax (IGST)?

The significance of IGST is the tax collected on transactions that happen interstate. In this, the seller and consumer are located in different states. Further, IGST is likewise charged on imports and exports of goods and services and provides SEZs or Special Economic Zones activities.

On account of interstate tax collection, rather than independently charging taxes for the Center and the State, the Government collects IGST, which is later divided equally.

This includes no additional weight on the customer’s pocket since IGST is equivalent to the SGST and CGST clubbed together. It is collected by the Government to guarantee that the tax is similarly separated amongst the Center and the State Government. IGST makes the tax process hassle-free and sorts things out for the tax collectors when two states are involved rather than one.

Example of IGST

Asim from Madhya Pradesh sold goods to Pankaj from West Bengal, amounting to ₹ 1,00,000.

If the GST charged is 12%, then this 12% is IGST. Instead of two, only one tax is set that is handed over to the Central Government, out of which 6% is credited to the State of consumption.

Thus, IGST compromises both CGST-tax to the Central and SGST-tax to the state. IGST is different because instead of directly distributing the tax to the Centre and directly distributing the form, the tax is collected in an ‘integrated’ manner and distributed later.

What is Central Goods and Services Tax (CGST)?

The CGST applies to intrastate exchanges when the dealer and consumer are from the same State.

Under GST, CGST is a tax demanded on Intra State supplies of both goods and services by the Central Government and will be administered by the CGST Act. SGST will likewise be imposed on the same Intra State supply, represented distributing by the State Government.

This infers that both the State and the Central governments will consolidate their duties with a permissible income division. It is referenced in Section 8 of the GST Act that the taxes be exacted on all Intra-State supplies of goods and services, but the tax rate will not surpass 14%.

CGST is charged on all items ranging from household necessities to luxuries and manufacturing services to professional services.

Example of CGST

A manufacturer makes a product in Rajasthan and sells it only; its GST is 14%. SGST and CGST will be applicable wherein SGST (7%) will go to the Rajasthan state government, and CGST (7%) will go to the central Government.

What is State Goods and Services Tax (SGST)?

The significance of SGST is a tax collected on account of the intrastate transaction when consumption and production happened in the same state.

The State GST, as the name infers, is a tax collection mode for the State Government. It is gathered as a different tax on account of intrastate exchanges. Like CGST, it is charged across all deals and purchases and other non-exempted sales under the GST Act.

Example of SGST

Let’s suppose Rajesh is a dealer in Rajasthan who sold goods to Anand in Rajasthan worth Rs. 20,000. The GST rate is 18%, comprising a CGST rate of 9% and an SGST rate of 9%. In such a case, the dealer collects Rs. 3600 of which Rs.1800 will go to the Central Government and Rs. 1800 will go to the Maharashtra Government.

Why was GST split into SGST, IGST, and CGST?

Sub taxes under GST- CGST SGST IGST

India functions at the standards of federalism; accordingly, all states are joined under one entity. However, the State has its own defined powers as well. Therefore, both the Central and the State Governments own the ability to collect taxes. Both these frameworks of force have their duties allotted to their jobs, which expects them to gather assets as taxes.

Preceding GST, the states worked on their own when it came to taxation. The State Governments and the Center charged different circuitous taxes. However, the GST clubbed all taxes into one.

GST was carried out, keeping in view the vision of ‘One Nation, One Tax’. In this way, it lowered all current Central and State taxes into one. To guarantee hassle-free and straightforward dissemination of taxes, the GST was parted into IGST, CGST, and SGST. The split of GST into these categories united the tax structure in the country by not denying the State Government funds simultaneously.

What decides whether CGST, SGST, or IGST is applicable? 

The trade is an Intra State or an Inter-State supply is essential to know to decide whether CGST, SGST, or IGST will be admissible.

Intra-State supply of goods and services is when the supplier and the consumer are in the same State. In Intra-State exchanges, a dealer needs to gather both CGST and SGST from the buyer. The CGST gets stored with Central Government, and SGST is kept with State Government.

Inter-state supply of goods and services is when the supplier and the consumer are in different states. Likewise, in export or import directly distributing goods or services or when the supply of goods or services is made to or by an SEZ unit, the exchange is thought to be Inter-State. In an Inter-State trade, a vendor needs to gather IGST from the buyer.

Conclusion

These are the sub-classes of GST, but if you want to know what is GST then head to our previous blog by clicking here!

The Operator Section- Vardaan

| June 3, 2021

0 Comment

The operator section of Vardaan is one of the most important and beneficial features provided for the merchant to operate the business. The word operator explains itself; it means who can help the merchants to run the store smoothly.

Different people play different roles in every business to run the business smoothly, like agents, business partners, delivery person, store managers, salespeople, etc.

In the operator section of Vardaan, you can add everyone who helps in running your business smoothly by adding their name and number. Vardaan also gives access to the store by the position they hold!

When you add people in the operator section, they get notified over their respective phone numbers through a text message.

Let us go through each category Vardaan provides in the operator section:

Partner

A partner is a person who is equally the owner of the business and shares all the responsibilities, profits, and losses. In the operator section, you can click on the partner, add his name and number. After adding he/she will get access to all the features of the store you have created in Vardaan. He/she can make changes, add items or delete, can track business, and many more with that access.

Store Manager

A store manager is a person who is responsible for handling the store and has access to the limited features. The features he/she can access are store items and bulk upload.

The store manager can add/delete or edit the items in the store, and if the store manager wants to add the store items in bulk, they can use the bulk upload feature.

Agent

An agent is a middleman appointed to negotiate and, if required, conclude contracts with customers on your behalf. So you have the contract with the customer. Agents make a commission on the sales they make, usually on a percentage basis.

So, If you have an agent of your business that sells your products on your behalf, you can add him in the operator section. You can add him by clicking on the agent, adding his name and number, and getting access to the features like orders.

So, if he sells anything, he can add those sales to orders and have the commission set by both of you for him.

Salesperson

A salesperson is the ambassador of the business in the external world. He or she helps customers find what they are looking for in a store.

In the operator section, when you add a salesperson, he/she gets access to orders, cashbooks, expenses, customers, and business cards.

So, by the list of features he gets to access, he/she can take control of what is being ordered, the expenses, the daily balance and earnings from the cashbook, and many more.

Delivery person

As known by our customers, we provide businesses with an opportunity to move online.

If your business includes delivery services to customers at their homes, you can add the delivery person. After Adding the delivery person to the operating section, you can give him access to the order status update.

Therefore, the delivery person can only change the status of the order from pending to delivered.

Other than that, he will get not get access to any feature.

Conclusion:

With Vardaan, we can add more operators based on the requirements of the business.

Watch our youtube live for more clarity on the same and more information about our application!

So, do not forget to like, share and subscribe to our channel for daily updates.

जीएसटी (GST) क्या है और जीएसटी कितने प्रकार का होता है?

| June 2, 2021

0 Comment

जीएसटी (GST)क्या है?

वस्तु और सेवा कर (जीएसटी) घरेलू उपभोग के लिए बेची जाने वाली अधिकांश वस्तुओं और सेवाओं पर लगाया जाने वाला मूल्य वर्धित कर है। उपभोक्ता जीएसटी का भुगतान करते हैं, लेकिन यह सामान और सेवाओं को बेचने वाले व्यवसायों द्वारा सरकार को प्रेषित किया जाता है।

  • जीएसटी को 29 मार्च 2017 को संसद में पारित किया गया था।
  • जीएसटी 1 जुलाई, 2017 से लागू हुआ था।
  • पूरे देश के लिए अप्रत्यक्ष कर ने उत्पाद शुल्क, वैट, सेवा जैसे कई अप्रत्यक्ष करों की जगह ले ली है|
  • जीएसटी प्रशासन के तहत, बिक्री के हर बिंदु पर कर लगाया जाता है।
  • इंट्रा-स्टेट सेल्स के मामले में सेंट्रल जीएसटी और स्टेट जीएसटी चार्ज किया जाता है। सभी अंतर-राज्यीय बिक्री एकीकृत जीएसटी के लिए प्रभार्य हैं।

जीएसटी के प्रकार

जीएसटी के चार प्रकार हैं:

  1. एसजीएसटी(SGST) – राज्य वस्तु एवं सेवा कर
  2. सीजीएसटी (CGST) – सेंट्रल गुड्स एंड सर्विस टैक्स
  3. आईजीएसटी (IGST)- एकीकृत माल और सेवा कर
  4. यूजीएसटी (UGST)- यूनियन गुड्स एंड सर्विस टैक्स

राज्य वस्तु एवं सेवा कर (SGST)

राज्य सरकार इंट्रास्टेट गुड्स एंड सर्विस अफेयर्स पर SGST लगाती है।

एसजीएसटी के माध्यम से उत्पन्न राजस्व राज्य सरकार द्वारा अर्जित किया जाता है जहां लेनदेन हुआ है।

एसजीएसटी में वैट, मनोरंजन कर, विलासिता कर, चुंगी, लॉटरी पर कर और खरीद कर जैसे पुराने कर शामिल हैं।

यूएसजीटी अंडमान और निकोबार द्वीप समूह या चंडीगढ़ जैसे केंद्र शासित प्रदेशों के मामले में एसजीएसटी की जगह लेता है।

केंद्रीय वस्तु एवं सेवा कर (CSGT)

केंद्र सरकार इंट्रा-स्टेट गुड्स एंड सर्विस अफेयर्स पर CGST लगाती है।

इससे होने वाला राजस्व केंद्र सरकार वसूल करती है। यह CSGT और UGST के साथ लगाया जाता है, और केंद्र और राज्य सरकारें राजस्व साझा करती हैं।

उदाहरण के लिए, यदि आप बेंगलुरु के एक डीलर हैं जो अपना सामान या सेवा बेंगलुरु के डीलर को बेच रहे हैं, क्योंकि यह एक इंट्रास्टेट लेनदेन है, तो CSGT और SGST दोनों लगाए जाएंगे।

यदि आपका ट्रांजैक्शन 40,000 का है और 18% GST लागू होता है, तो एकत्र किए गए GST की समान मात्रा को केंद्र और राज्य सरकारों के बीच साझा किया जाएगा।

एकीकृत माल और सेवा कर (IGST)

IGST अंतर-राज्यीय वस्तुओं और सेवा मामलों पर लगाया जाने वाला कर है। इसके अलावा, यह आयात और निर्यात पर लागू होता है। IGST के माध्यम से उत्पन्न राजस्व को केंद्र और राज्य सरकारों के बीच साझा किया जाता है।

टैक्स का एसजीएसटी हिस्सा सरकार के उस राज्य को जाता है जहां वस्तुओं और सेवाओं का उपयोग किया जाता है।

IGST आपको इनपुट टैक्स क्रेडिट (माल और सेवाओं की खरीद पर खरीदार द्वारा भुगतान किया गया टैक्स) का दावा करने में भी मदद करता है।

यूनियन गुड्स एंड सर्विस टैक्स (USGT)

संबंधित केंद्र शासित प्रदेश अंडमान और निकोबार द्वीप समूह, दादरा और नगर हवेली, चंडीगढ़, लक्षद्वीप और दमन और दीव सहित केंद्र शासित प्रदेश में मामलों पर यूजीएसटी लगाता है। यह कर प्रभाजन और भुगतान नियमों में एसजीएसटी के समान है।

जीएसटी का पंजीकरण

  1. प्रत्येक व्यवसाय जो INR 20 लाख से अधिक का व्यवसाय करता है, उसे GST के लिए पंजीकृत होना पड़ता है।
  2. विशेष श्रेणी के राज्यों में, 10 लाख रुपये से अधिक के कारोबार वाली प्रत्येक कंपनी को जीएसटी के लिए पंजीकृत करना होगा।
  3. सेवा प्रदान करने वाले किसी भी व्यवसाय को जीएसटी के लिए पंजीकरण करना होगा, चाहे वह कितना भी राजस्व उत्पन्न करे।
  4. इसके अलावा, राज्य की सीमाओं के पार सामान या सेवाएं बेचने वाली किसी भी कंपनी को अनिवार्य रूप से जीएसटी के लिए पंजीकरण कराना होगा।

निष्कर्ष

जीएसटी के और भी पहलू हैं; आपको जागरूक और सूचित रखने के लिए वरदान जीएसटी पर और लेख लिखेगा।

वरदान के साथ बने रहें!

What is GST and what types of GST articles?

| May 31, 2021

1 Comment

What is GST?

The goods and services tax (GST) is a value-added tax levied on most goods and services sold for domestic consumption. So the consumers pay the GST, but it is remitted to the government by the businesses selling the goods and services. – Definition by Investopedia.

  • Goods and services tax was passed in the parliament on March 29, 2017.
  • GST came into force on July 1, 2017.
  • Indirect tax for the entire nation has replaced many indirect taxes such as excise duty, VAT, service tax, etc.
  • At every point of sale, the tax is imposed Under the GST administration.
  • So, in the case of intra-state sales, Central GST and State GST are charged. All the inter-state sales are chargeable to the Integrated GST.

Types of GST

There are four types of GST:

  1. SGST- State goods and service tax
  2. CGST- Central goods and service tax
  3. IGST- Integrated goods and services tax
  4. UGST- Union goods and service tax

1.State goods and service tax ( SGST)

The state government imposes SGST on intrastate goods and service affairs.

Therefore, the revenue generated through SGST is earned by the state government where the transaction has happened.

SGST includes earlier taxes such as VAT, entertainment tax, luxury tax, octroi, tax on lottery, and purchase tax.

But, USGT replaces SGST in the case of union territories like Andaman and Nicobar Islands or Chandigarh.

2.Central goods and service tax ( CGST)

The central government imposes CGST on intra-state goods and service affairs.

Therefore, the Central government collects the revenue generated by this. So, it is imposed along with the CSGT and UGST, and central and state governments share revenues.

For instance, if you are a Bengaluru-based dealer selling your goods or service to a Bengaluru-based dealer since it’s an intrastate transaction, both CSGT and SGST will be imposed.

If your transaction is of 40,000 and 18% GST is applied, then the equal amounts of the GST collected will be shared between central and state governments.

3. Integrated goods and services tax (IGST)

Integrated goods and service tax is the tax imposed on inter-state goods and service affairs. Also, it is applied to imports and exports. The revenue generated through IGST is shared between central and state governments.

So, the SGST part of the tax goes to the state of the government where the goods and services are used.

IGST also helps you claim an input tax credit ( the tax paid by the buyer on the purchase of goods and services.)

4. Union goods and service tax (USGT)

The respective union territory imposes UGST on the affairs in the union territory, including Andaman and Nicobar Islands, Dadra and Nagar Haveli, Chandigarh, Lakshadweep, and Daman, and Diu. So, this tax is identical to SGST in apportionment and payment rules.

Registration of GST

  1. Every business that does a business over INR 20 lakhs has to be registered for GST.
  2. But, in special category states, every company with a turnover over INR 10 lakhs has to be registered for Goods and services tax.
  3. Any business providing services has to register for GST irrespective of the revenue it generates.
  4. In addition, any company selling goods or services across state boundaries has to register for GST mandatorily.

Conclusion

There are more aspects of Goods and services Tax; Vardaan will be writing more articles on GST to keep you aware and informed. Meanwhile, have a look at what Vardaan is up to by following us on our social media accounts.

Instagram- https://www.instagram.com/vardaan_solutions/

Facebook- https://www.facebook.com/VardaanSol/

Twitter- https://twitter.com/vardaan_msme?lang=en

LinkedIn- https://www.linkedin.com/company/vardaan-solutions/

Stay tuned with Vardaan!

Want to become a property dealer - How?

| May 25, 2021

0 Comment

The real estate area and property dealer in India must arrive at a market size of $1 trillion by 2030 and contribute 13% of the country’s GDP by 2025. Lately, the more popular office spaces are generally determined by IT and ITeS, retail, counseling, and eCommerce areas.

The development of the real estate area is profoundly subject to the interest for the corporate space, office space, and metropolitan and semi-metropolitan facilities.

Given the stats, beginning the entrepreneurial journey in real estate is, by all accounts, a rewarding choice. Yet, we can’t move away from the fact that the area is overwhelmed with new and set up players. So, raising a leader in a crowded space requires strategic planning to lay a strong foundation.

“Accomplishing achievements in business isn’t coincidental or doesn’t come by sheer luck. It’s the aftereffect of strict and pure planning, technique, strategy, and hard work. The establishment is significant, and assuming you nail it here; you can defeat any cruel circumstance that comes in your direction. Furthermore, this will help if you are prepared to start a journey towards the real estate area.”

What is a property dealer?

A task of a Real Estate Agent or Property Dealer is to mediate between the property vendor and the property purchaser to complete the deal. Different property sellers purchase properties just after getting a lot of discounts. Later on, they bring in cash just by selling the properties at a greater cost tag. So if you are thinking about turning into the best property dealer, continue to read.

How to become a property dealer?

1. Planning is vital to an effective business. 

You start with composing a marketable strategy before beginning tasks. The planning ought to incorporate the logo, marketing, and brand building methodology, office space, number of workers, and expenses breakdown. This will assist you with making each stride cautiously, try not to be pursued by challenges, and defining realistic objectives.

If you think it’s hard to set up a business plan, contact an expert to get the correct counsel on the best way to structure the information and format. An elegantly composed field-tested strategy helps you operate the business and attracts financial investors and leaders for financial help.

2.  Discovering the specialty in the real estate area 

Real estate is a tremendous industry with four sub-areas: housing, retail, hospitality, and commercial. Inside and out research is unavoidable to show up at a choice on which specialty in the real estate market works for you and whether the business thought is feasible.

So, the priority should be on researching every aspect of the market to save time and money that sometimes go waste in taking the wrong path.

The post-research data will assist you with distinguishing the correct abilities and capacity to begin the business. We live in our dreamland more often before we do our appropriate exploration, which takes us to the real world.

3. Producing ideas on brand building 

As properly said by Amazon Founder Jeff Bezos, “Your brand is what others say about you when you are not in the room.”

Brand building is the way toward creating awareness of your business among clients through different advertising efforts. The goal is to discern your brand that offers some incentive for clients to appreciate and separate your brand from another property dealer.

An effective real estate brand is characterized by the customer’s satisfactory view of your business. Moreover, You can’t fabricate a brand overnight; it’s a consistent cycle and an ongoing effort needed to build long-term relationships with customers.

4. Brand identity and logo planning 

For what reason does your brand exist? What are the vision and mission of your brand? The future accomplishment of your real estate business is dictated by how well you market your brand among your target customers. So, it would help if you began making an informative message of your brand’s goals and what esteem it is bringing to the customers.

So, What is your special offer? In the jam-packed real estate commercial center, it’s critical to foster an unmistakable and steady message and make your essence felt among your target customers. Your association’s message should reflect in the slogan, logo, and other promotional campaigns.

5. Getting seed capital 

If you plan the budget right for your real estate startup, a small sum is some of the time enough to begin your real estate business. The sole factor is abstaining from calculating the entire operational expense. Therefore, it’s always advisable to estimate the right amount required to survive for the next few months before you start generating revenue.

6. Settling up space

We generally look for commercial locations to start the business regarding settling in to draw the attention of passers-by. Even though it’s a smart thought to begin, it may cost you a hefty amount, which isn’t prudent when you are at the beginning phase.

Online real estate business, be that as it may, needn’t bother with a virtual office at a rewarding area when you are only a novice—today, cooperating spaces the nation over are giving numerous bundles to business people. They began offering something many refer to as ‘virtual office,’ which permits you to utilize their location as your authority address and utilize their work area twice or threefold every month, with the expense going from Rs 1,500-2500 for a half year. Envision the cost you can diminish by telecommuting while at the same time utilizing their location.

7.Making a solid online presence 

It’s essential to guarantee a decent online presence for your property dealing business. The more significant part of the potential customers searches online with keywords, for example, “real estate specialist close to me” or some other real estate administrations and items in their area. With SEO advancement, you should ensure that your site shows up on the main page of Google or rank higher on the list items.

How To Work In Real Estate And Make Profits?

There are usually four types of Real Estate,

  • Residential:- Apartment, flat, bungalow, row house, a house in which people live.
  • Commercial:- Shop, showroom, office for business.
  • Industrial:- A place to set up a factory or manufacturing unit.
  • Land:- As a consultant, you either lift these properties or sell them.

So, if we talk about the lease, you can get a brokerage by completing a deal on a rental premise in it. For this, you initially need to show the accessible properties to the customers since individuals are occupied in working days; along these lines, the vast majority like to see the property on Sundays or occasions. It would be best if you were prepared to engage the customer whenever. Furthermore, once settled, you can recruit a few employees and get them to show the properties.

Often, the proprietor’s cost and the customer aren’t coordinated with one another, which is why most deals are not affirmed. You must convince the proprietor and the customer at a solitary cost. If you succeed, you get business. Talking further, you can get the brokerage by selling a property, that is, by selling a deal too. It is one to two percent of the cost of the business property. For instance, assuming you sell a property of Rs 2500000, you will get 50,000 brokerages per 2%.

Final Words

Every business has a scope to widen its horizon and go to the next level. You can do the same with Vardaan by moving your business online, add the properties you have, send the domain to link to customers, and start your very own online property dealing business!

How Vardaan helps you run your Dhabha business?

| May 6, 2021

0 Comment

Starting a Dhabha requires cash, inventive thoughts, and versatility towards the progressions in the market, which will help the Dhabha business thrive. A few entrepreneurs start a business and run it for a couple of days. In any case, with regards to managing finances, they think that it’s troublesome as all are not good at managing.

Starting a dhabha is simple, but building up and staying in business is a test. The reason is competition, managing funds, remaining at standard with innovation, satisfying clients, and so on; along these lines, entrepreneurs may feel crushed if they can’t develop their income. So, there are many mobile apps available in the market which help you manage your end-end business. Vardaan is one of those Saas (Software as a Service) tools that allow small businesses to run their day-day operations efficiently.  It enables small merchants to manage their stores & take the store online. One application, numerous benefits is what vardaan wishes to offer. Therefore, Vardaan is truly what its name suggests, a gift to small and medium businesses.

Vardaan now has a wide variety of customers, from businesses that provide services or sell items. At present, Vardaan is already supporting +29 different segment types.

How does Vardaan help run a Dhabha?

Vardaan- The Digital Store Manager

Vardaan can manage the dhabha very easily by various features like- Store item management, Inventory management, Order creation, Bahi Khata, Expense management, UPI payment option, and Multiple invoice selection.

So, you can add the food items/cuisines you provide in the dhabha. And with various filters like selling price, GST%, description, and stock availability in just a few clicks.

You can also manage business-related expenses by registering expenses like travel, rent, or wages in the expense feature.

In no time, you can have a track of your expenses and store items with your digital store manager-Vardaan.

Vardaan- Your Accountant

With key features in Vardaan like Store Item entry, Inventory management, Order creation, Customer interaction, Expenses, Digital payments, Digital marketing, and many more, a Dhaba business can start using these features and its inbuilt algorithm for calculations related to their dhabha business.

The business now can have business reports for every business-related query like top-selling item or service or GST report, inventory reports, etc.

So, now you can track the growth of the dhabha business in graphical form with Vardaan’s real-time business dashboard that lets you track your losses, expenses, and profits.

The online Dhabha business

Vardaan helps in expanding their business by making their business available online for the customers. How?

Vardaan gives the platforms to businesses to go online and share their online store with customers via social media. For having your dhabha online, you first have to select your customized domain name for the online store link and then share it with the customers via QR code and WhatsApp!

You can also set the online business operation timings according to the requirements and set the charges applicable for online services all in one app- Vardaan!

So, now customers can order your food online and enjoy the meals by sitting at home.

The Digital Staff and Store Operations Manager

Handling the management alone is quite hard, especially when many orders are coming in and your business is flourishing.

Just for days like these, you can give the store operators the feature of Vardaan and give one of the most trusted staff the access to run the dhabha on Vardaan.

You can manage the staff with this feature by filling in the basic details of the team.

You can now manage the Dhabha and staff both from one place- Vardaan!

Digital advertiser for your Dhabha business

 

The business cards create a great first impression and are a great way to advertise the business. Hence, you should have one designer business card, which is now possible through Vardaan.

Vardaan allows you to make your digital business card and share it with customers. You have various options to choose from business card templates and have the business card ready for the dhabha in just a few minutes.

Final Words

Therefore, Vardaan can give your dhabha business a real Vardaan by making the business of serving people delicious food easy, handy, and all in one place. The dhabha can now run successfully with almost no challenges to face!

Not only dhabha owners, but you can also make your business go digital and thriving in no time with Vardaan! Download Vardaan now from the play store and AppStore!

The sky’s the limit for us, and that should be the same for SMEs, manage your business digitally, expand it by going online, and enjoy more benefits with Vardaan!

“Vardaan- Banaye aapke business ko digital and aapko aatamnirbhar.”

What is Inventory Management & its benefits?

| May 3, 2021

0 Comment

There’s an old business maxim that says, “Nothing happens until someone sells something.” With inventory management, that can be changed to “Nothing sells until someone counts something.” 

Inventory can be anything from boxes of gelatos in the storeroom at a sweet shop to a million-square-foot warehouse brimming with products. One way or the other, the exact inventory management is a key to that businesses’ prosperity.

Inventory is the product that a business possesses that it intends to sell. If your organization is an attire retailer, items become inventory when you claim shirts, dresses, suits, and embellishments from your suppliers. Those items leave stock when they’re offered to clients. Inventory can be put away on-premises or at warehouses or maybe at different branches of the business.

What is Inventory Management?

Inventory management is about what you need to sell your items. Regardless of whether purchasing from manufacturers, distributors, or providers, each retailer should guarantee what it needs to offer to clients.

Inventory management guarantees that a retail business never runs out of inventory. The best inventory management programming will follow inventory levels, orders, sales, and deliveries, while guaranteeing that all stock is at the correct levels, in the reasonable spot, at the perfect time – and for the correct expense.

Improvement of your inventory planning keeps it streaming and keeps you from running out or storing a lot of stock and suffering the related costs.

Benefits of Inventory Management.

The significance of inventory management can’t be stressed enough, particularly for eCommerce and online retail markets. Accurate inventory tracking permits brands to complete orders timely and precisely. Inventory management in organizations should develop as the organization extends. With an essential arrangement set up that streamlines the way toward regulating and overseeing inventory, including ongoing information of inventory conditions and levels, organizations can accomplish inventory management benefits that include:

Precise Order Fulfillment 

With a compelling inventory management framework, you can track the stock in the Warehouse without much of a stretch. Bid farewell to overloading, loading out-of-date things, understocking, and start focusing on making your brand name become one of the key players in the market space. Develop a robust plan with the help of efficient accounting software and avoid inaccurately filled orders, high return volumes, and a loss of customer base.

Better Inventory Planning and Ordering

Finding some harmony between the interest and supply is incredibly critical for organizations. Subsequently, inventory management gives help in better planning and ordering of stock. Envision having an immense demand for a specific item, however not having sufficient material to supply something similar. Sounds like your most noticeably terrible bad dream, correct? Definite inventory management mitigates these issues, permitting warehouse managers to revive inventory just when required. It’s both space and cost-effective.

Increased Customer Satisfaction 

Since a systematic inventory framework will give you a complete perspective on your stock within reach, it yields increased consumer satisfaction. In the retail area, customers resent late deliveries or “unavailable” notifications and, in the end, stay away to avoid disappointment. In any case, excellent inventory management prompts orders to be satisfied all the more rapidly and delivered to customers quicker. The improved cycles can help eCommerce, and online retail marks construct a solid collection with customers – and keep them returning for additional.

Coordinated and organized Warehouse 

A decent inventory management system prompts a coordinated and organized warehouse. An organized distribution center outcomes in the more productive present and future satisfaction plans. This additionally incorporates cost savings and improves item satisfaction for organizations using the Warehouse for managing inventory.

Limits the Blockage of Financial Resources 

The significance of inventory control is to limit the blockage of monetary assets. It lessens the pointless tying up of capital in excess inventories and advances the firm’s liquidity position. With a legitimate inventory following module, entrepreneurs can settle on speedy choices about the stock lying in the Warehouse more wisely.

How Does A Good Inventory Management Software System Help?

  1. A decent Inventory Management System/application helps in the precise handling of inventory, storing it well, eradicating overproduction, ordering the right measure of raw materials, lessening the wastage and expenses included.

  1. It permits organizations to deal with their inventory from virtually anywhere with ease.

  1. Inventory Management System is the premise of a well-functioning business in the 21st century. It tracks the whole lifecycle of the inventory – when the stock comes in, when it is put away, and when it goes out of your business. You will make smart reorder choices when you know how much inventory you have close by in your stock. Suppose you are a retailer of any sort. In that case, web-based business, multi-channel, or construction business – a decent Inventory Management application is basic if you genuinely need to compete in the ongoing digital era.

  1. Without a decent Inventory Management application, the danger of human blunder goes up consistently. It negatively affects your customer feedback as well as their loyalty towards your business.

  1. A modern Inventory Management application guarantees smooth assistance of strategic management of items.

  1. It computerizes the whole process of trading, ordering, stocking, costing, transportation, assembling, storing, producing, delivering, and shipping.

  1. Considering every one of the significant cycles from end to end smoothes the whole scope of business activities. Thus, a savvy system upgrades the productivity and viability of the business, be it little or large.

Applications available in the market:

Many applications are built to help people in business manage the business in a better way. These applications help you out with managing your inventory. They will also help you manage your business with various reports. And will make your business go online in seconds, and even manage customers.

Some examples of such applications that you can use to manage your business and inventory are VardaanKhatabookMy bill bookinflow, and many more.

Final Words!

Inventory management is a valuable technique for improving all the warehousing exercises of the association. With this procedure, the organization would now be able to get to and decide its stock and inventory to smoothen all the business activities.

To manage the inventory better and enjoy more benefits of having a smooth business, download Vardaan from PlayStore and Appstore.

Vardaan will soon be available on Desktop to make the business of customers more successful and better managed!

The Insider

| May 1, 2021

0 Comment

The weekly newsletter of Vardaan Solutions

Rights of every Indian Business Owner

| April 29, 2021

0 Comment

The Rights and Responsibilities rise substantially when one decides to embark on a business venture. In some way or the other, a business owner has a significant impact on a business’s full value chain, be it employees, customers, suppliers, or the community they serve. In this case, it is non-negotiable for businessmen to understand their rights and responsibilities to its crux. One can free up their headspace and work with more sense of purpose and determination if they become completely aware of their rights and responsibilities. And things tend to get more comfortable. They have the leverage over their business and people connected to it in a certain way, and they also feel accountable towards it. This article will guide you on the Rights and Responsibilities of an Indian business owner.

The Rights:

1) Right to Strive for excellence:

To ensure a smooth flow, one must take some bold calls and expect the best in his organization. We live in an era where the dynamics around us are rapidly changing, and hence it becomes extremely critical for the business owner to expect the best from their stakeholders. Be it employees, customers, or suppliers; business owners have to channelize their expectations clearly to parties attached to the business. They can also make them accountable in case they don’t meet the business benchmark.

One has to look at their business from a long-term perspective. In the longer run, holding on to a mediocre supplier and compromising on quality, holding on to the modest customer who gives average sales, and holding onto a mediocre employee who gives average results will only hamper the growth of the business.

2) Right to disregard:

With the rapidly changing demand of the consumers, sometimes business owners feel they are challenging. Every Indian business owner has to take a call on prioritizing who to serve in case of excessive demand. They can disregard the sales or service based on the availability of the workforce or the product.

Moreover, they can also deny or refuse to serve from the ethical or safety point of view. For example, If the customer gets out of control or tends to show abusive behavior to the employee, a business owner has the legal right to end the professional relationship.

3) Right to amend:

While they own the entity, it is by nature that a Business owner has all the rights to make changes in terms of Culture, Employee policies, and product pricing. And even the way they provide services to the customers. A business owner also has the right to switch to another supplier if they see the cost and quality difference.

As they implement the changes, it is crucial to take everyone on board. While some would agree and some would restrain, it’s still in the business owner’s hands to arrive at the right decision and take necessary action, which would be in customers’ and employees’ best interest by taking their feedback.

4) Right to Express

RIght to express

It’s peculiar for every Business owner to express their ideas and thoughts around business ideas. They should reformulate norms and policies that seem suitable. While they have the right to express and freedom of speech, communication plays an important role. If communicated effectively amongst the subordinates, employees, and customers, it would help in prevailing a sense of transparency.

The imposition of thoughts and decisions is a bad idea. And this would only lead to suppressing voices, and you won’t bat an eye on an even better idea that can be more fruitful. As a Businessman once said, “The biggest reason for my failure was the silent treatment by my employees when I needed their opinion most.”

5) Right to Decide:

Business is all about decisions. Be It small or big; it will have a substantial impact on your business. Every Indian Businessman possesses the authority to make an ethical, rational, and significant decision in raising numbers. A Leader is the sole decision-maker at the end of the day, and it puts him right into the position to take a call.

Therefore, it is inevitable to understand customers’ expectations and demand whereas your employee’s viewpoint. This will help a Business owner to arrive at a more legitimate decision that would yield long-term gains. Be investments, expansions, or strategy formation; A business owner should always keep in mind its short-term and long-term effects. He should know how he or she analyses its outcome.

While we discussed the Rights of Every Indian Business owner. Let’s look at the other side and throw some light on society’s responsibilities and internal and external stakeholders.

Responsibilities:

It becomes their responsibility for an organization to give a fair share of returns to their investors and shareholders. This can be anything in the form of Dividends, appreciation, or putting them in the decision-making panel.

A consumer’s responsibility is to provide them with the best quality, service, and prices and sell ethically and diligently.

The responsibility towards an employee is to give them security. It is to give them a healthy working environment, and salaries/wages based on compliance with the minimum wage act.

The responsibility towards society is to maintain equilibrium in the environment, opt for sustainable and pollution-less manufacturing, and generate employment opportunities.

To know more about responsibilities, please click here.

Final thoughts!

Every Indian business owner has tremendous opportunities to take their enterprise to another level. Taking your business online is also one of the steps that can do wonders for your business. So, with the market wide open and surplus demand, if one gauge and analyze the consumer behavior correctly, there is a chance to scale at another level.

So, whosoever aims to start a business of their own should keep these rights and responsibilities in focus and strive to serve the consumer prolifically and ethically. You can always fall back on professionals for seeking more advice on other legalities like Business licenses, taxation and accounting laws, labor laws, etc. But we hope that this article gave you some insights on the basics of rights and responsibilities which would help you withhold your stakeholders and stay loyal to your customers.

How are disposables business owners using Vardaan?

| April 23, 2021

0 Comment

The development of the Internet began a causal twisting that at last turned into the best equalizer of the cutting edge world. This is obvious for small businesses and start-ups. Anybody can sell, present, and promote their items online with close to no cash, in any event in contrast with physical stores.

So, it is beneficial to have web-based selling for your business. We will disclose to you the story of one of our customers about how he made his business smooth and profitable by using Vardaan to do his business online!

What is Vardaan?

Vardaan is truly what its name suggests, a gift to small and medium businesses. Vardaan allows small businesses to manage their companies or stores digitally. It enables small merchants to manage their stores & take the store online. So, one application, numerous benefits is what vardaan wishes to offer.

Vardaan now has a wide variety of customers, from businesses that provide services or sell items. At present, Vardaan is already supporting +29 different segment types.

Our customer from Agra, who does the business of disposables, started using Vardaan in 2020. Before Vardaan, his business was going downhill because of poor management and not having an accountant track the finances. He then came across Vardaan through social media and downloaded it from PlayStore.

Mr. and Mrs. Johari were initially facing many challenges in managing their disposables business; they lost track of their business. They could not manage the expenses and be losing customers because of management that was not up to the mark. Mr. and Mrs. Johari were stressed about their business, so they started looking for solutions. They first thought of hiring an accountant to manage the business and developing an application to move their business online. But all this was not under their budget, so they wanted something affordable and different.

While looking for some other solutions, they came across Vardaan and downloaded it from the play store. They started using Vardaan to manage their online and offline business, but how?

How did Vardaan support the Disposables business- Aryan Johari enterprises?

The objective for Vardaan is to allow businesses to operate their store from end to end digitally completely. So, the application’s perceptive user interface empowers the vendors to employ it for sales, accounting, and online Marketplace.

Small businesses do not need extravagant and costly software tools; to maintain a data-driven business, a knowledgeable and reasonable tool is required. Numerous small businesses tend to die at a beginning phase in India since they don’t have a sensible apparatus to deal with the business and gauge the peril in question.

To serve small businesses, Vardaan became a great help for Mr. and Mrs. Johari and their business.

1.The Digital store manager for Aryan Johari enterprises

Vardaan made managing the disposables business easy for them by various features like- Store item management, Inventory management, Order creation, Bahi Khata, Expense management, UPI payment option, and Multiple invoice selection.

So, in just a few clicks, Mr. and Mrs. Johari added the disposable products they provide in the store with various filters like selling price, GST%, description, and stock availability.

Not only could they manage the services, but they could also manage the business-related expenses by registering expenses like travel, rent, or wages in the expense feature.

In no time they had track of their expenses and store items with their digital store manager-Vardaan.

2.Vardaan- Their very own accountant

With key features in Vardaan like Store Item entry, Inventory management, Order creation, Customer interaction, Expenses, Digital payments, Digital marketing, and many more. Therefore, Mr. and Mrs. Johari started using these features and its inbuilt algorithm for calculations related to their disposables business.

Aryan Johari enterprises now have business reports for every business-related query like top-selling item or service or GST report, inventory reports, etc.

Therefore, Mr. and Mrs. Johari could track the growth of their business in graphical form with Vardaan’s real-time business dashboard that lets you track your losses, expenses, and profits.

3. The online Aryan Johari Enterprises

Vardaan helped them in expanding their business by making their disposables business available online for her customers. How?

Vardaan gives the platforms to businesses to go online and share their online store with customers via social media. For having their online store, Mr. and Mrs. Johari first selected their customized domain name for the online store link and then shared it with their customers via QR code and WhatsApp!

They could also set the online business operation timings according to their requirements, and they set the charges applicable for online services all in one app- Vardaan!

Now customers could order their products online and enjoy the services by sitting at home.

4. Their digital staff and store operators manager

Handling the management alone is quite hard, especially when you want to take an off but want your business to run smoothly! Just for days like these, Mr. and Mrs. Johari used the store operators feature of Vardaan and gave one of their most trusted staff the access to run their business on Vardaan. Not only this, they could manage their staff with this feature by filling in the basic details of their staff.

So, Mr. and Mrs. Johari now manage their store and staff both from one place- Vardaan!

5. Digital advertiser for Aryan Johari enterprises

Mr. and Mrs. Johari always thought that business cards create a great first impression and are a great way for advertising the business. Hence, they wanted to have their one designer business card, which was now possible through Vardaan.

Vardaan allows you to make your digital business card and share it with customers. They had various options to choose from business card templates and have their business card ready in just a few minutes.

Final Words

Vardaan gave Mr. and Mrs. Johari a real Vardaan by making their disposables business management easy, handy, and all in one place. The Aryan Johari enterprises are now running successfully with almost no challenges to face!

So, Just like Mr. and Mrs. Johari, you can make your business go digital and successful in no time with Vardaan! There are a lot of benefits of moving your small business online. Download Vardaan now from the play store and AppStore and enjoy the benefits.

The sky’s the limit for us, and that should be the same for SMEs, manage your business digitally, expand it by going online, and enjoy more benefits with Vardaan!

“Vardaan- Banaye aapke business ko digital and aapko aatamnirbhar.”

Vardaan - A Digital Munshi For Indian businesses

| April 12, 2021

0 Comment

Digitization is a reality that thrives the hopes of small and medium Indian Businesses

Micro Small Medium Enterprises are the backbone of Indian businesses and the economy. According to the MSME Ministry’s 2019 annual report, out of 6.33 crore MSMEs in India, only 0.05 lakh are medium enterprises while 3.31 lakh are small and 6.30 crore are micro-units. Government initiatives in Ease of doing business, for example, Atamnirbhar Bharat & Skill development initiatives are a powerful boost on medium and micro-enterprises.

Sustain, Support & expand the businesses

So, sustain, Support & expand are the three powerful mantras from where Vardaan kicked off. So, for half of this decade, we have talked about Digitization in the industrial sector. Therefore, we firmly believe that if we innovate something affordable, easy to use, and suffice the requirement, India’s micro & medium segment is ready for Digitization.

“More than 75 % of MSME’s have a digital sense, they use smartphones and Internet”

How Vardaan supports the Indian businesses?

The purpose of VardaanYour very own digital munshi is to allow businesses to manage their store end to end. Therefore, the application’s intuitive design enables the merchants to use it for sales, accounting, and online Marketplace.

Moreover, small businesses do not need fancy and expensive software tools; however, to run a data-driven business, an intelligent and affordable tool is required. Many companies die at an early stage in India since they don’t have an affordable tool to manage the business and forecast the risk involved.

“The path to digitalization is from Digitization. So, let’s digitize to bring innovation in making a smart business decision.”

The Top 5 Features of Vardaan:

1. Vardaan– Your digital Munshi

So, Vardaan has many features for store management:

  • Store Item entry
  • Inventory management
  • Order creation
  • Customer interaction
  • Expenses
  • Digital payments
  • Digital marketing

 

So, the application algorithm does all the calculations related to business and reports. In addition, the real-time dashboard allows merchants to see the business in graphical form. Our customers think it is an essential and helpful feature since this gives a visual insight into the business.

2. Operate Multiple Stores with multiple staffs

What could be better than operating multiple businesses or stores from a single device? Therefore, the Vardaan application allows small and medium businesses to run as many businesses as possible through a single account.

 

All the stores will run individually, and switching between the stores will not take more than one second. So, the benefit is the harmonization of technology throughout the business. So, this will give excellent control to the merchants to overview and run the stores efficiently.

Moreover, Merchants can add multiple staff with limited access to run the business.

3. Store/ Business Management

So, the application has been designed to support various sectors of the business. Be it a service, retails, manufacturing, and many others. For instance, At present Vardaan is being used by retailers, restaurants, food trucks, poultry shops, boutiques, construction, manufacturing, dry cleaners, photo studio, Medical shop, and many others.

So, the initial POC on the application gives a storing indication of the adaptability of the application across segments.

Certainly, the application has all the important features that allow a business to get managed. So the features are:

  • Store item management
  • Inventory management
  • Order creation
  • Bahi Khata
  • Expense management
  • UPI payment option
  • Multiple invoice selection

 

4. Online Marketplace

Vardaan also provides Online Marketplace. You can share all your store items and products to any customer or social media platforms, for example like WhatsApp, Instagram, and Facebook, and get your business online. Also, offline and online store management can be done through the same application and same screen.

 

The application allows you to manage both offline and online business through one application and one device.

5. Data Security

Above all, customer data security is paramount, and our technical team has given various checks and has adapted the best practice to make the system hack-proof. So, with Vardaan Merchant data is safe, secure, and available for merchants anytime.

Data is stored in the cloud with multiple layers of security hence it is prone to theft, damage, and loss.

Vardaan takes care of your data so that you can take care of your business.

Give Your business a Vardaan!

So, technology has given Indian businesses a way to digitize the business and took us one step closer to digitalization. Therefore, we are ready to adapt to the business needs and we are ready to customize applications based on the business type.

So, the goal is to have one super application that suffices for the major section of the business.

So, run your business on a smartphone from anywhere, anytime!

Get your very own Digital munshi now-https://play.google.com/store/apps/details?id=com.vardaan.app

https://apps.apple.com/in/app/vardaan/id1518815568

Manage fruit and vegetable business through Vardaan?

| April 12, 2021

0 Comment

Nearly everybody needs to turn into a financial specialist in the present period. Running a fruit and vegetable business in India of your own is one of the most straightforward and profitable business ideas. So, it is additionally the most beneficial road. But before starting, you need to analyze that this idea is right for you or not. Not ignoring the fact that this small business idea has minimum hindrances in the way. But there is relentless competition around here.

“An average fruit and vegetable seller sells almost all the vegetables and fruits available according to the season. The potential customers would be almost everyone!”

Whenever you have discovered that this business thought is an ideal fit for you, you are prepared to make the following stride. There isn’t only one stage, yet a few steps should be followed consistently in a specific request to prevail in this business. We examine the means to open a vegetable and fruit store in India to ensure that it is all around arranged out, lawfully agreeable and enlisted appropriately.

How to start a fruit and vegetable store in India?

Determine the structure of your fruit and vegetable business, kind, and format.

Home Online Fruit and vegetable store: With an application like the Vardaan and having pictures of your items. You can start a fruit and vegetable selling service online, and you can run it from your home. So, you don’t even need to open a storefront.

Counter Service fruit and vegetable store: You can open a storefront fruit and vegetable where the customers can walk-in, pick up and take away the goods. You can also have your store online and deliver goods to customers’ homes after ordering with Vardaan!

Wholesale store: With selling your products directly to the consumers, you can also sell your products to various other businesses like cafes, restaurants, and grocery stores.

How to run a fruit and Vegetable store with Vardaan?

Small businesses do not need extravagant and costly software tools; a knowledgeable and reasonable tool is required to maintain a data-driven business. Numerous small businesses tend to die at a beginning phase in India since they don’t have a suitable apparatus to deal with the business and gauge the peril in question.

So, to serve small businesses, Vardaan can become a great asset for a fruit and vegetable business.

1.Vardaan-  Your very own accountant

With key features in Vardaan like Store Item entry, Inventory management, Order creation, Customer interaction, Expenses, Digital payments, Digital marketing, and many more, a fruit and vegetable store can take advantage of these features and its inbuilt algorithm for calculations related to the business.

The store now can have reports for every business-related query like top-selling item or service or GST report, inventory reports, etc.

The store can track business growth in graphical form with Vardaan’s real-time business dashboard that lets you track your losses, expenses, and profits.

2.The online fruit and vegetable store

Vardaan can help in expanding the business by making the store available online for the customers. How?

Vardaan gives businesses platforms to go online and share their online store with customers via social media. For having your online store, select your customized domain name for the online store link and then share it with your customers via QR code and WhatsApp!

3.Manage staff digitally and make store operator 

Handling the management alone is quite hard, especially when you want to take an off but want your business to run smoothly! So, just for days like these, use the store operators feature of Vardaan. And give one of your most trusted staff the access to run the store on Vardaan.

4.The Digital store manager

Vardaan manages the store easily for the business by various features like- Store item management, Inventory management, Order creation, Bahi Khata, Expense management, UPI payment option, and Multiple invoice selection.

You can add the items you provide in the store with various filters like selling price, GST%, description, and stock availability in just a few clicks.

5. Digital advertiser for the store

Business cards create a great first impression. They are a great way for advertising the business, so having one designer business card can make it possible.

But how to get the business card? So, it is possible now with Vardaan!

Vardaan allows you to make your digital business card and share it with customers. You have various options to choose from business card templates and have your business card ready in just a few minutes.

How To Run A Successful Fruit and Vegetable Store In India?

Step 1: Register your business:

Choose the right name for your store and register your business. While registering, check whether the store name that you have finalized is available in your state or not. So, if you plan to have your trademark, make sure your brand doesn’t match your existing trademarks in your business field.

Step 2: Open a business bank account:

Use a dedicated and separate business bank account for your store. This is essential so that you don’t end up mixing personal money with professional money. This will ensure the protection of your assets. When your personal and professional accounts are mixed, your assets such as your home, car, and other valuables are at greater risk if your business has a great loss.

This will also help you get credit cards and other financing options in your business’s name to get better interest rates and higher lines of credit, which are suitable for running your business smoothly.

Step 3: Set up your business team:

Record your various expenses and income sources. This will help gauge the financial performance of your business. This team will help you organize your data records, and this will help you in the annual filing of taxes. Learn important GST norms as well as rules & regulations too.

Step 4: Obtain necessary permits and licenses:

You need to receive the relevant permits and licenses to run your store successfully. This i\needed to violate any regulations put up in the state by the govt. If found guilty of a violation, you may be required to pay hefty fines. And in case of a gross breach, it may even result in the shutting down of your business.

Step 5: Define and promote your brand:

Your brand speaks volumes about you, and it tells you how the public perceives your business. A strong brand helps you compete well with your competitors. Figure out marketing strategies for promoting and advertising your brand. You can partner with other well-renowned brands and businesses in your area to promote your brand through their outlets. Your business can even set up your online store with Vardaan to promote and expand your business. You can ask for feedback from the customers to get good reviews from them. So, this will even increase your sales because of the rave reviews from your existing customers.

Step 6: Offer discounts:

You can increase your sales by giving higher discounts on specific items on special occasions such as festivals, viz—Diwali, Dussehra, Holi, Mid-year sales, New Year Sales, etc.

I am starting a fruit and vegetable business in India- Final Words!

You could open your fruit and vegetable store whenever you want to feel it is a good business option. So, just follow our step-by-step advice, download Vardaan to manage your business better, and follow it to have a successful business of fruit and vegetable stores in India. Therefore, you could open a paint shop or an electrical hardware shop, or any other company, depending on your business location’s growth potential.

Benefits of Online business

| April 12, 2021

10 Comments

There are two principle manners to set up a business these days. The first is conventional, i.e., a physical one, and the online business, which has begun to trend. Many people decide to make traditional organizations. That is good as they can later move the business online and take benefits of online business and traditional business and have more customers.

The new mobile applications offer the features of managing the stores offline by providing inventory, billing & accounting features. They also create a beautiful catalog for the online marketplace. The businesses are benefited from both online and offline modes as it does not have commission involved.

The individuals who haven’t made the mind to move their business online will discover some exciting benefits of doing that.

Five different benefits of moving business online.

Better customer reach

Many customary businesses are bound to be at a nearby market, a small town, or region. Moving the store online will pull in customers. More customer means more business, more revenue, less operating cost hence more profit.

Setting up an online store for a business will represent the business will be open day in and day out, and customers can buy at any hour.

The merchant can share the online catalogues through WhatsApp, Facebook, and other social media channels. The sharing will enhance the reach to the local community and also to the Pan India customers.

Offering simpler access to customers 

Envision having a vehicle rental business in Bengaluru, which one would say is one of the most looked for corporate bachelors in India: what better than advancing it online? Those hoping to lease a Bengaluru vehicle will initially do an online hunt before going to the store.

If a customer wants to rent a two-wheeler, they can choose which model they want and how long they want. Then they schedule the delivery of the vehicle at their doorstep according to their preferences.

Better advancement for the customary business 

Moving an organization online doesn’t mean closing down the customary one; it will prompt expanded perceivability in this requesting market. Its online rendition can supplement a typical organization.

Perhaps the best model is Switzerland, a little country with the neighborhood market for conventional organizations additionally being moderately small. This is why numerous entrepreneurs have set up Swiss web-based business organizations to advance their organizations outside the country.

Online organisations infer lower organisation costs. 

Perhaps the best-preferred position of moving your business online is diminishing certain expenses. This incorporates extra room expenses: through an online business, one can essentially orchestrate the items sent straightforwardly from the provider to the customer. This will likewise take into account quicker conveyance and less administrative work for the online entrepreneur.

Notwithstanding, having an online business will mean following similar prerequisites forced by the law on conventional organizations and avoiding web tricks.

Improved customer assistance 

Staying in contact with customers and getting input from them is a lot harder while having a conventional physical business in particular. Working an online business, then again, will improve this piece of the business and subsequently increment its validity. Besides, having an extraordinary customer care segment will draw in more customers as expected.

Having an online business or moving a customary organization online unquestionably accompanies a few favorable circumstances, among which adaptability is perhaps the most significant.

While moving a business on the web, the entrepreneur should regard the neighborhood enactment, including the new GDPR forced in the European Union since a year ago. Furthermore, make sure to request legitimate guidance from a Dutch law office if working together in the Netherlands, for instance, before making any strides is fundamental.

Move your business online with Vardaan.

Vardaan gives businesses platforms to go online and share their online store with customers via social media.

For having your online store, select your customized domain name for the online store link and then share it with your customers via QR code and WhatsApp!

Download Vardaan now!

How salon businesses are using Vardaan?

| April 12, 2021

0 Comment

India is going through an incredible wave of change as our economy continues to expand in different verticals. Therefore, for the first time in our nation, we’re seeing a fast development of the private venture section. With the formation of foundational railroads like affordable cell phones and information, UIDAI, IMPS, and UPI, and the centralized GST system over the most recent couple of years, MSMEs today are uncommonly open to adopting technology and innovation into their business. So, Understanding the difficulties of MSMEs like salon businesses, grocery stores, etc., we’ve fabricated a ground-breaking level business application that supercharges these ambitious small businesses; and we’re calling it Vardaan– Banaye aapke business ko digital and aapko aatamnirbhar.

What is vardaan?

Vardaan is truly what its name suggests, a gift to small and medium businesses. Vardaan allows small businesses to manage their businesses or stores digitally. It allows small merchants to manage their stores & take the store online. One application, numerous benefits is what vardaan wishes to offer.

Vardaan now has a wide variety of customers, from businesses that provide services or sell items. At present Vardaan is already supporting +29 different segment types.

“Beginning a small business that provides services is not a cakewalk, be that as it may, building up and staying in the business is a test.”

The kalon spa and salon, one of the small salon businesses owned by Mrs. Shanaya Sharma, in Bangalore, Karnataka. Mrs. Shanaya was initially facing a lot of challenges in managing her salon’s business, she was losing track of her business, also, she was not able to manage the expenses and she was even losing customers because of management that was not up to the mark.

Mrs. Sharma was anxious about her salon business so she started looking for solutions. She first thought of hiring an accountant to manage the business and developing her application to go online. But all this was not under her budget, so she wanted something affordable and different.

While looking for some other solutions, she came across Vardaan and downloaded it from the play store. She started using Vardaan to manage her online and offline business, but how?

How did Vardaan support the Kalon and spa salon?

The objective for Vardaan is to allow businesses to completely operate their store from end to end digitally. The application’s perceptive user interface empowers the vendors to employ it for sales, accounting, and online Marketplace.

Small businesses do not need extravagant and costly software tools, to maintain a data-driven business, a knowledgeable and reasonable tool is required. Numerous small businesses tend to die at a beginning phase in India since they don’t have a sensible apparatus to deal with the business and gauge the peril in question.

So, With this purpose of serving small businesses, Vardaan became a great help for Mrs. Shanaya Sharma and her salon businesses.

1. The Digital store manager for Kalon spa and salon

Vardaan made managing the salon easy for her by various features like- Store item management, Inventory management, Order creation, Bahi Khata, Expense management, UPI payment option, and Multiple invoice selection.

Therefore, In just a few clicks, Mrs. Sharma added the services she provides in the store with various filters like selling price, GST%, description, and stock availability.

Not only she could manage the services, but she could also manage the business-related expenses by registering expenses like travel, rent, or wages in the expense feature.

In no time she had the track of her expenses and store items with her digital store manager-Vardaan.

2. Vardaan- Her very own accountant

With key features in Vardaan, for example, Store Item entry, Inventory management, Order creation, Customer interaction, Expenses, Digital payments, Digital marketing, and many more. Mrs. Sharma started using these features and its inbuilt algorithm for calculations related to her business.

After that, The kalon spa and salon now have business reports for every business-related query like top-selling item or service or GST report, inventory reports, etc.

Mrs. Sharma was able to track the growth of her business in graphical form with Vardaan’s real-time business dashboard that lets you track your losses, expenses, and profits.

So, In no time the business management of kalon spa and salon came on track with the help of Vardaan- that makes your business digital!

3. The online spa and salon

Vardaan helped her in expanding her business by making her salon available online for her customers. How?

Vardaan gives the platforms to businesses to go online and share their online store with customers via social media. For having her online store, Mrs. Sharma first selected her customized domain name for the online store link and then shared it with her customers via QR code and WhatsApp!

She could also set the online salon operation timings according to her requirements and she set the charges applicable for online services all in one app- Vardaan!

Now customers could order her services online and enjoy the services by sitting at home.

4. Her digital staff and store operators manager

Handling the management alone is quite hard, especially on the days you want to take an off but want your business to run smoothly! Just for the days like these Mrs. Shanya used the store operators feature of Vardaan and gave one of her most trusted staff the access to run Kalon spa and salon on Vardaan.

Not only this, she could manage her staff with this feature by filling in the basic details of her staff.

Mrs. Shanaya Sharma now manages her store and staff both from one place- Vardaan!

5. Digital advertiser for Kalon spa and salon

Mrs. Sharma always thought that business cards create a great first impression and are a great way for advertising the business, so she wanted to have her one designer business card, which was now possible through Vardaan.

Vardaan allows you to make your digital business card and share it with customers. She had various options to choose from business card templates and have her business card ready in just a few minutes.

Final Words

So, Vardaan gave Mrs. Sharma a real Vardaan by making her salon business management easy, handy, and all in one place. The kalon spa and salon are now running successfully with almost no challenges to face!

Just like Mrs. Sharma, you can make your business go digital and successful in no time with Vardaan! Download Vardaan now from the play store and AppStore!

The sky’s the limit for us and that should be the same for SMEs, manage your business digitally, expand it by going online, and enjoy more benefits with Vardaan!

“Vardaan- Banaye aapke business ko digital and aapko aatamnirbhar.”

Mushroom Mahila from Bihar empowers 10,000 women!

| April 12, 2021

0 Comment

Like the other women, Bina Devi- Mushroom Mahila, after marrying into a family of Dhauri village, Munger district, Bihar would spend her days cleaning, cooking, and doing household chores limited within her new home’s boundaries. At that time, things were not any different from any other village in the country. Any work outside the four walls of the house is considered beyond the capacity of a woman.

How did Bina become Mushroom Mahila?

What people did not know was Bina was born to be different. Bina empowered herself with all her grit and guts that she has in abundance! This woman would pick up farming equipment if rightly encouraged and trained; she would also earn the label of ‘Mushroom Mahila’ of Munger, who empowers hundreds of her sisters. Bina also received an award from the President of India!

“I had a fire within me. One that was silent but continuously burning, looking for a direction. And after some time, I found it,” recalls Bina, who was one of the many women trained by Munger’s Krishi Vigyan Kendra (Agriculture Science Centre), an agriculture extension under the government.

This training was to empower rural women to be more involving in organic farming so that women can help their households financially and contribute to the well-being of the environment.

“I was fascinated by it and how easy it was to grow them. What was even more shocking that very few people knew or indulged in this trade. So I decided I would,” she said. The training gave her the equipment, and her growing interest in the field introduced her to- mushroom farming, yet another natural wonder!

Breaking stereotypes

In the year 2013, her journey of breaking gender stereotypes from within the very doors of her home started. That to it all started from under the bed!

“I got in touch with the Krishi Vigyan Centre people, and they started explaining to me all the nitty-gritty of growing mushrooms. I had an old palang or cot lying around the house and growing a kilo of mushroom under it. Mushrooms are highly nutritious and have a high value in the market than many other fruits or vegetables. I was not just farming at home but also going out and selling it in the haat or bazaar, and that was something, not just for me, but for all the women in the area,” she shares.

Her Journey

The journey that started from 1 kilo gave her the recognition as ‘Mushroom Mahila’ of Munger; her journey has been exponential and extremely humbling, she mentions, in response to the recent Nari Shakti Puraskar she won from President Ram Nath Kovind. She was among 16 other women who were honored with this prestigious award on 8th March.

In the initial stages, it was difficult for Bina- The mushroom Mahila to break the patriarchy; village people used to discourage her and even made fun of her, she recalls. “People in the village would call me crazy for doing this. Even in usual vegetable farming, I would make jaivik (organic) manure using dairy waste like cow urine and dung, and that would often disgust people and give them a chance to ridicule me,” she says.

“But, I stuck to it and worked hard, and in no time, the results were out in the open for all to see. I didn’t have to say anything; my actions proved my work’s merit and changed their perspective. Soon other women began to join me.”

Helping women and Farmers

Bina has also been inclined and actively involved in spreading digital literacy among women. For that, she was even awarded by Tata Trusts for training 700 women how to use mobile. She has also helped 2,500 farmers create self-help groups and taught them the Rice Intensification (SRI) method of crop farming.

Bina served as the sarpanch or village head of Dhauri Panchayat in Tetiabamber block for five years due to her extensive work in this sector and her contribution to developing rural and women! During her time of power, she promoted organic and mushroom farming and trained people in vermicompost production, an organic insecticide, and dairy farming.

Today, she single-handedly supports an entire family of 18 members, with her monthly earning of Rs.90,000 (Rs 30,000 from mushroom farming and Rs 60,000 from the organic farming of miscellaneous vegetables), while also financing the education of her four children.

“I have three sons and one daughter, and all are studying outside in various parts of India. Apart from my boys, my daughter is also studying hard to become an engineer. People ask about her marriage plans, and I say I don’t care because I want her to be independent first. It is the most important gift a parent can give to their children, especially daughters. Because, when women are encouraged and supported, they can truly make any impossible possible!” she concludes.

Final words.

Just like Bina, Vardaan supports and empowers women in all ways possible!

Here’s wishing all the wonderful women a delighted International Women’s Day!

As Michelle Obama says,

“There is no limit to what we, as women, can accomplish.”

How to stay motivated as a brand new business owner?

| April 1, 2021

0 Comment

When people transition from being an employee to a business owner or an entity, they leap from being an employee to their setup leader. It becomes incredibly overwhelming, and at the same time, you require sheer commitment and will to sustain what you have built from being a small part of corporations where you are handling predefined tasks and set goals to set up a task or target with a deadline. One requires a lot of accountability, and it is essential to be self-motivated.

It is challenging, especially when things aren’t going your way and experiencing a rough patch. The business owner gets too bogged up in daily operations and gets too indulged in working with the business rather than working on the business. Another mammoth task is to keep your team motivated while going through the crest and through. Now that is a possibility when an entrepreneur displays impeccable leadership through Discipline and Self-motivation.

How does a new business owner stay motivated when laying a foundation or are in the initial stage? The answer is pretty simple: Dedication, Reflection, Focus, and Patience.

Here are the ways through which you can keep yourself motivated and develop endurance for the long run.

Mission and Vision

Big or Small, every business owner should have a mission and vision statement to define your broader goals and objectives and how you visualize yourself a few years down the line. This will help you grow, but it will keep reminding you of your motive, purpose, and why you are in the game. What significant impact you want to create can be justified by your vision and mission statement.

Alongside, please write it down somewhere it is visible to one and all within a team. It should be a propelling factor for everyone on board.

Action Plan

When you have established a strong mission and vision for the company, it’s time to set an action plan for timely execution. An action plan with a clear deadline will help you foresee your long-term and short-term agendas. You have to understand and define what you want to achieve, primarily daily, weekly, and monthly. The action plan should be broadly classified on individual and team levels.

 

Often you will find yourself shuffling through deadlines, shifting goalposts, and delaying things. This is the procrastination bubble that you should bust as soon as possible. This brings me to my next point, “Set tangible goals.” Accomplishing smaller victories will boost your confidence, and bear in mind, don’t let your goal turn into a wish.

Pause and Reflect

Often, when you are too indulged in hustling, you tend to lose out on taking a pause. It becomes essential to give yourself that leisure time. It could be anything ranging from an hour daily during lunchtime to a holiday. It’s a high possibility that you can’t catch up on a plane and fly to exquisite destinations. But you can give yourself some small breaks during the day to refresh yourself, and that will give you the room for creativity, relax you, and develop more focus. This will also enable you to clear the clutter in your mind and bounce back more effectively and efficiently.

Get back in touch

While you get into your day-to-day operations, you tend to lose a bigger picture. Hence, it becomes vital to go back to the roots and scratch the surface. Revisit your motive and intentions that why you had this idea in the first place. Profit-making apart, what was your tipping point? These answers will help you re-ignite your enthusiasm, and you will work towards your goal with superior clarity and passion.

Organize your routine. 

Often, there is a lot of emphasis being laid on your routine, particularly your morning routine. The reason being these are your most productive hours, and your mind tends to be in a much calmer state. The best way to start is by meditating or observing your breaths. This will help you refresh your thoughts, purify your mind and develop laser-sharp focus. Once you have won the first few hours of your day, there is no doubt you are going to seize the rest of the day. These small things can create a bigger impact on your productivity and, ultimately, your business.

Consume Wisely.

In this world of “Information Overload,” you will thrive if you consume wisely. Just like how you feed your body is of utmost importance, your mind deserves a healthy diet. By that, I mean you have to be very particular on how to denote time for activities that will help you develop perspectives and enhance your vision and outlook towards business and life in general. Be it Books, Podcasts, TED talks, or articles, customize your content as per your interest and consume things that will keep your inspiration intact.

Quality Hibernation

More often than not, sleep is the most underrated aspect of your daily shenanigans. Quality sleep can make you more productive, focused and bring more efficiency to your work. Sleep is never worth sacrificing. Improper sleep can degrade the quality of your work, and you can lose the zeal for working. As Jeff Bezos says, “8 hours of sleep can mold the next 16 hours”.

While you are putting your best foot forwards, reflect on the challenges you had in the past and how you overcame it. We often tend to forget our past victories in the pursuit of what’s in front. It’s said that the motivation doesn’t last long, and so is the bathing. That’s why one needs to get motivation regularly to keep the ball rolling. Never fall back and remember why you love what you do and why you are passionate about keeping your business up and running.

Final Words!

Whats better than having an digital assistant with you to track your business at the initial stage and then become your accountant at your success!

Vardaan is that application for you, it will keep you managed and motivated!

Mobile invoice applications-A new way of business

| March 12, 2021

0 Comment

Regardless of whether you’re a store owner, service provider, or freelancer, the marketplace in today’s era has become increasingly competitive. Attracting and holding customers is a major business. Businesses of all sizes require to search for approaches to save more time and money. Increasing efficiency and convenience for customers is foremost. Therefore, the benefits of using mobile invoice applications become key to scaling the billing models.

Scaling the business may sound unimaginable, yet one of the principal spots to begin is with the billing. By finding a productive method to create invoices, you can accomplish that increase alongside monitoring financial data. Above all, this is completely done while improving the cash flow.

Unfortunately, using paper to create invoices and creating invoices on Excel isn’t the most efficient. Mobile invoicing applications are the way to go. So many businesses are resistant to move to online invoicing, even if it could save their business.

What is Mobile invoicing?

Mobile invoicing uses your cell phone to send bills to your customers electronically so they can pay you. There are numerous advantages of this innovation for business people. So, if you are on travel and want to provide services to customers’ workplaces, mobile invoice applications are a light-speed approach to send the invoices to customers who need to get them. Mobile invoicing can save time and cash.

Also, you can choose from various Mobile invoice applications accessible that have other beneficial features like an online marketplace, tracking your business growth, etc., like Vardaan.

Benefits of Mobile invoicing Application.

1. Payments come in faster!

The online invoicing application makes the invoices quicker. Mobile Invoicing prompts quicker payments by speedy processing of the whole invoicing process. So, the invoices produced with the Mobile invoicing application automatically sends and impact your customer to make payments faster.

2. Increases Trust, Confidence, and Satisfaction of customers

The mobile invoice application provides easy access to real-time information to customers. This makes consumer loyalty more prominent and ensured security to the customers anywhere, anytime. With regards to the issue of trust, certainty, and Satisfaction, mobile invoicing assists with building a long-term relationship with the customers.

It is a more comfortable way for your customers to pay and improves relationships with the customers.

3. Finally, getting rid of keeping track of paper and pen.

More than writing the calculations on paper, what disturbs most is the ‘pursuing’ act behind them and draining time and energy to keep them safe and secured. The invoice app supports you in keeping all the data stored in one place and all the security you can expect.

 

4. Efficiency

It is consistently imperative to know precisely what is happening in your business to be more productive. Using the inventory management system that comes with the invoice application, you can keep track of products that are not selling and cut them next time when restocking your inventory. It is essential to maintain the perfect measure of items available at any given point in time. Regardless of the circumstance, it is critical to satisfying customers’ orders with no delays or issues successfully.

5. Online Business :

The number of online users is growing rapidly. This growth has led to an explosion of online businesses. With all of these opportunities and competition in the industry, companies should regularly keep track of their goods online and their finances.

Even the smallest mistake can cause a significant setback for a business due to a negative customer review. Using the right invoice application will help you keep track of your orders and prevent problems from damaging customer relationships.

Final thoughts!

Finally, digital invoicing gives your business a more professional and expert look and feel. It provides a good image and an impact on your customers. This may not be a huge deal. However, it will assist with delays and barriers to accepting payments.

For instance, would you become a customer for a business that accepts only cash? That “cash only” might be advantageous for that business. In any case, as a customer, how frequently do you truly carry around cash?

Do let us know your thoughts in the comment section below!