Myntra is a major Indian fashion e-commerce company. It is an e-commerce platform where a reseller can sell products online and is headquartered in Bengaluru, Karnataka, India. Founded in 2007 Myntra started selling personalized gift items during its initial years. In May 2014, Myntra.com was acquired by Flipkart.
Some of the reasons why becoming an e-commerce seller, or you can say Myntra Seller is in demand:
Why does one need to sell on Myntra only?
Here are few benefits to sell on Myntra :-
- Extensive Customer Reach: Myntra proudly hosts a substantial number of engaged users, providing sellers with access to a vast and diverse customer base.
- Enhanced Brand Exposure: Collaborating with Myntra offers your brand immediate exposure and credibility within the dynamic online fashion market.
- Seamless Setup: Myntra offers an intuitive and seller-friendly platform, streamlining the process for sellers to effortlessly list and manage their products.
- Strategic Marketing Assistance: Myntra actively engages in marketing initiatives that can effectively amplify the visibility of your products to a broader audience.
- Secure Transaction Processing: Myntra ensures prompt and secure payment processing, contributing to the financial stability and peace of mind for your business.
- Technical Glitch: By going to the e-commerce platform, you can avoid the issue of website technical glitches. The e-commerce platforms are tech error-free and work smoothly. On the other hand, if you choose your website, it may lag, and you lose a big customer.
- Logistics Management: An e-commerce platform manages the logistics of the product listed on its website. With that, you can get significant help delivering the product to the consumer.
Eligibility To Become A Seller On Myntra
To sell on Myntra, you must have a registered business, such as:
- Partnership firms
- Private limited companies
- Sole proprietorship firms
- Limited liability partnerships
Make sure to have scanned copies of your business documents ready to make the registration process faster.
Product Range You Can Sell on Myntra?
Myntra Seller, after all the successful documentation, can deal with a wide range of products. Below is the Myntra product list. With the list mentioned below, you will get an idea of the products that Myntra deals in.
- Clothing and apparel for all.
- Accessories.
- Bags
- Backpacks or Travel Bags
- Jewellery
- Self-care products
- Makeup products
- Footwear
- Gadgets
- Sports Wear
Also Read: Tips For Better Offers To Give To Customers For e-Commerce Sellers
Documents Required to Sell On Myntra
If your business is among the list mentioned above, you are qualified to become a Myntra seller. Some of the documents are required to complete your Myntra seller registration process. A scanned copy of the documents will be required. The documents lists are:
- GST Registration certificate of your business.
- Registration copy of your enterprise or firm.
- PAN Card of your business.
- Current Bank Account Details associated with your company or firm.
- TAN (Tax Deduction and Collection Number) or TIN (Tax Identification Number) of your business.
- Authorization letter of the authorized dealer or direct owner brand if you want to sell merchandise.
Note: Myntra Seller has to finish the VAT registration to sell their items. Myntra doesn’t allow the Seller to sell without VAT registration.
Also Read: Tax Saving – Best Practice For E-Commerce Sellers
Myntra Seller Registration Process
Here are few steps to open Myntra seller account for smooth process of Myntra Seller registration
Step 1: Visit Myntra’s Partner Login page or Myntra seller portal.
Note: You may not get this page at the Home of Myntra. You can reach: Myntra Seller Page.
Step 2: Click on the Register Now Button. It will redirect you to the Myntra Seller Registration form.
Step 3: Complete the entire form and attach the necessary documents.
Step 4: After successful documentation upload, you need to verify the captcha.
Step 5: Tap on the option of “Submit” to complete the Myntra seller login process.
After completion of the registration, Myntra offers two types of on-board models:
- Myntra Aggregate Model
- Channel Partner Model
Myntra Aggregate Model: In this type of model, two steps are required to make your product go live. The steps are:
- Quality Check: Takes up to 2 months.
- Brand Listing and Addition- Takes up to 1 month.
Channel Partner Model: Myntra Seller is directly on-boarded on Myntra through this model. They have complete control over their seller account. The picking up and dropping off of the products is performed from the Seller’s warehouse. Here Myntra will directly pay the Seller for the sales. Myntra sellers are required to complete the two steps to go live through this model:
- Quality Check: Takes up to 1.5 months.
- Account Listing and Set-up: Takes up to 3 months.
Also Read: Best Ways To Bring Your Business Online For E-commerce Sellers
Step-by-Step Guide To Sell on Myntra
After completing the Myntra registration process & Myntra Seller Login, you can start selling on Myntra platform through your Myntra seller account. Follow the detailed steps mentioned below to sell on Myntra:
- You are required to update the list and catalog of your products.
- You are advised to update the picture of your product in high quality. The quality of the picture will bring out the idea of the product.
- Do not forget to specify the product details in the product description box.
Note: Myntra places dummy orders to dry run the order fulfillment process. The process is done to check the Seller’s dedication to the selling process.
Note: Myntra can remove your product if they fail to meet the guidelines of Myntra.
Note: Payment from Myntra generally takes 1-2 business days.
Myntra Commission Chart
Here is the flow chart showing commission rate
| Product Category | Approximate Commission Rate |
|---|---|
| Clothing | 4-5% |
| Jewelry | 3-4% |
| Accessories | 3-4% |
| Home Décor | 3-4% |
| Beauty and Personal Care | 2-3% |
| Electronics | 1-2% |
| Footwear | 4-5% |
| Ethnic Apparel | 5-6% |
| Western Apparel | 4-5% |
Myntra Seller Charges / Fees
Myntra imposes a commission fee on every sale, along with supplementary charges for services such as packaging and logistics. Typically, Myntra levies a commission ranging from 4% to 5% on products.
When you sell stuff on Myntra, it takes about 10-15 days for them to figure out how much money you made. They’ll put that money into your bank account, the one you told Myntra about. But, before you get all of it, Myntra will take out a bit for their commission and other charges they need to cover.
If you like what you’ve read and think it’s a good deal, don’t wait! Sign up as a seller on Myntra and join in on making India beautiful every day.
Conclusion
Myntra provides great support to the Myntra sellers. They work directly with their merchants to bring the brands on Myntra as swiftly as possible. The whole procedure opted by the Myntra team for their sellers is highly professional and on time. Your product listed on Myntra will provide it with great exposure and a high sales ratio.
FAQs
Is it good to sell on Myntra?
Myntra proves advantageous for sellers due to its accommodating policies and a range of benefits extended to them. Highlighted below are the perks offered by Myntra to its sellers:
Unused Inventory: Sellers can market their surplus stock on Myntra as long as it complies with the platform’s rules and regulations.
What is Myntra commission fee on clothing?
Myntra charges a commission of about 4-5%, but it varies based on the product category and brand. They charge less for high-value, low-price products and more for ethnic and Western clothing due to higher competition.
Key Points:
- High-value, low-price products: Lower commission rates.
- High competition categories (e.g., Ethnic and Western apparel): Higher commission rates.
For exact rates, you should refer to Myntra’s official seller policy or contact their support team, as these rates can change based on various factors such as promotions, brand agreements, and specific terms of the seller agreement.