How To Sell Jewellery And Accessories On ONDC Network

In India, jewellery is more than just a precious metal. It's a form of lasting endearment and purity. More importantly, it's a fast-growing industry with a market value expected to reach $292 Bn by 2025. That being said, ONDC network gives Indian jewellers the ultimate opportunity to tap into this lucrative market using eCommerce.

Wondering how? Let's see how you can sell on ONDC network and kickstart your online jewellery business for unlimited growth with this small questionnaire.

8 FAQs about ONDC network for online jewellery sellers in India

1. What is the aim of ONDC network?

Open Network is a revolutionary initiative built on open network protocols to democratize India's digital economy. Simply put, the government wants to ensure that millions of SMBs, remote shopkeepers, and brick-and-mortar sellers can leverage the lucrative eCommerce industry for better business outcomes.

To achieve that, the central government has introduced this initiative for better transparency and inclusion. You can sell on ONDC network and immediately make your online jewellery store visible to millions of pan-India customers.

2. Can you simplify the process to register my jewellery business on ONDC network?

The ONDC network registration process is pretty straightforward. Mystore seller app provides an advanced, easy-to-use solution for you to list on ONDC network and have a unique digital presence. Here's a step-by-step layout of the registration process:

• Open the registration page on Mystore.
• Create a seller account.
• Provide your GSTIN and bank details.
• Start receiving orders.
• Upload your accessories with attached images and videos.
• Receive payments directly into your bank account.

3. Is the process of listing my jewellery products on ONDC network very difficult?

Not at all. Integrating with the open network is super easy and quick. Even sellers with no experience dabbling in eCommerce can build a dynamic shop with eye-catching features. You only need a robust ONDC network seller app to become a participant in the open network and start receiving orders. Mystore seller app is the leading ONDC protocol-compliant marketplace with an extremely user-friendly dashboard to quickly get you climatized with the eCommerce selling experience.

4. Is ONDC network a bigger marketplace website than Amazon?

ONDC network is not a traditional application that sellers can simply download and upload their accessories directly. Nor is it an aggregator built to displace market giants like Amazon on Flipkart. Open Network for Digital Commerce is merely a standardized digital network, similar to UPI, designed to democratize India's eCommerce landscape. In time, the novel concept will provide a level playing field for all SMBs, D2Cs and Indian merchants to flourish. Anyone can sell on ONDC network via any complaint ONDC network seller app and kickstart their eCommerce journey.

5. How can I make sure my jewellery catalogue is appearing in searches of ONDC network customers?

Once you list on ONDC network, your jewellery and accessories business will automatically be discoverable to a nationwide audience. Based on the different search parameters (price, location, delivery cost, etc.), you will be matched with the relevant customer.

Successful brands leverage customer data to build better connections with their target audience. With Mystore's advanced admin panel, you can access critical customer data to ensure that your services align with your customer's demands. Furthermore, Mystore offers a wide range of marketing tools to maximize your brand visibility.

6. What steps should I follow to accept payments from customers buying jewellery on ONDC network?

Your seller account can be integrated with multiple payment gateways to make the shopping experience smooth sailing for potential buyers. Mystore's payment gateway integration lets your buyers pay however they want, with speedy, one-click checkouts. Having multiple payment options (COD, e-wallet, net banking, etc.) makes your jewellery store more attractive to potential buyers.

To add/remove payment methods:

• Open your Mystore admin dashboard.
• Go to All Settings << Payment Methods.
• Integrate your seller account with multiple payment gateways (PhonePe, UPI, PayPal, etc).

That's all. You can now accept payment in your preferred method, and the amount will be credited to your synced bank account.

7. Which are the logistics service providers available on ONDC network?

Choose from a list of ONDC network-approved logistics partners for reduced costs and better shipping efficiencies. Mystore provides on-network logistics support to optimize your delivery. Mystore helps you establish end-to-end visibility with integrated fulfilment support. List on ONDC network and leverage its fulfilment solutions to make your jewellery and accessories deliverable to multiple pin codes.

8. What is the process of getting paid for jewellery and accessories sold on ONDC network?

Not that different buyer apps use different payment cycles. For Mystore seller app merchants, the final payment is processed manually every Friday, with a delivery window of +2 days for non-returnable items, while +2 days are added on top of the "return-by" date for returnable items.

Therefore, let's say a gold chain delivered on 4th January 2023 is a) non-returnable, then the final payment will be credited to your bank account by 7th January 2023 (Friday).

However, say an accessory is also sold on 4th January but with a return period of 7 days, then the final settlement will be done by 13th January 2023 (Friday).

Conclusion

Thousands of Indian jewellers are still missing out on a large chunk of online customers. Somebody has to fill the void, and merchants who sell on ONDC  network have the perfect opportunity to carve out a niche for themselves. With a cutting-edge eCommerce marketplace like the Mystore seller app, you can woo your audience with an extremely dynamic jewellery e-store. So, kickstart your eCommerce journey with Mystore today!