9 steps to start Digial Marketing company in India.
Digital marketing agency business is growing in India. Did you know that digital market spending is supposed to climb to $375 billion by 2021? Digital marketing industry is fast growing as well as competitive industry. Due to too much use awareness to social media platform this business is at boom. This is right time to start digital marketing agency in India. Before registration of digital marketing business its import to understand simple guile How to Start Digital marketing business. For successful business operation you need to take care of registration formalities, taxation , compliances etc. So let’s get started on this exciting journey of starting a digital marketing agency and hope you will be able to get the maximum value out of these posts.
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Benefits for digital marketing agencyDigital marketing company is easy to start in India. Best part is that you can start business from home as well. You just have to keep the positive attitude and maintain consistency in work.
How Much Money Is Needed To start digital marketing company in India
Investment to start digital marketing company range from anywhere from 1 Lac to 20 Lac. Appx. Cost/Money required for start digital marketing company depending on scope of work, office rent ,interiors , marketing cost , laptop cost etc. Cost to start digital marketing agency in India can be divided in two parts one is fixed cost and second is running cost. The expenses to run a digital marketing may changes from city to city. Below is list of expenses to start digital marketing.
A Digital marketing company dose not need a high footfall place. Its easy to setup digital marketing company is 250-400 Sq Ft room. Else you can start company from your home address as well. This greatly reduces the rental and overhead expenses. Now in India cities like Pune , Mumbai , Bangalore , Delhi etc. have shared premises office. Shared premises office gives you ready infrastructure to start business.
Business Registration of Digital marketingFor starting digital marketing business in India you need to register company. In India there 4 most popular legal entity which can be using to start cloud business. On basis of ownership, compliances, VC investment, family business, tax rate etc. one may choose suitable business model.
S.No.
Particulars
Sole Proprietorship
Partnership Firm
LLP
Private Limited
1
Registration Cost
Very Less
Quite Higher
Quite Higher
Quite Higher
2
Duration of Registration
1-2 Days
1-5 Days
4-10 Days
1-5 Days
3
Income Tax Rate
Normal rates
30%
30%
15 to 30%
4
ROC Compliances
NO
NO
Very Less
Quite Higher
5
Closing Formalities
Easy
Easy
Quite Higher
Quite Higher
6
Tax Filing Due date
31 July
31 July
31 July
30 Sept
7
VC funding Option
No
No
Very Less
Quite Higher
Common Documents Required For Starting Digital marketing in India
Common Legal documents of business owner & premises are required to start digital marketing.
For business growth of Digital marketing business , company need to spend on its advertising campaigns, resources , overhead cost , laptop etc. You can approach your banker for MSME Loan. Micro, Small and Medium Enterprise (MSME full form) loan is the credit facility in form of business loan offered by financial institutions. MSME loan schemes are majorly used to meet the working capital requirement.
Crack Google Certification and Become the Google Partner. Google Partners is Google’s program for advertising agencies, digital marketing professionals, and other online consultants. When you sign up for Partners, you’ll get access to a range of benefits, including special events and trainings, industry research, certifications, and more.
To build trust of new customers for successful digital marketing company apply for google certification and work as Google partner.Google Partners is Google’s program for advertising agencies, digital marketing professionals, and other online consultants. Being a google partner you may get more recognition in marketing which may help to close sales leads.
Legal Licenses to Start Digital marketing 1. GST RegistrationGST registration become mandatory for Digital marketing company in Indian when its Sales > 20 Lac during the financial year. GST registration is one time process. With GST license you can raise GST invoices to clients , take GST ITC Credit.
In Case where digital marketing company want to export services out of Indian then IEC registration is required. The code is provided by the Directorate General of Foreign Trade and is a certificate that allows the business to import goods in India. This is one time registration with Government Fees of Rs.500/-
Choose Accounting Software
While choosing Accounting software for Digital Marketing company make sure you understand your needs and know what features to look for before you start. India having lots of featured accounting software as per industry wise. You need to ensure that accounting software meets requirement. For Digital marketing company cloud accounting software such as Zoho Books, Quickbooks etc. are pocket friendly and feature loaded. Accounting involves keeping track of vital business processes like invoicing and billing, accounts receivable and payable, bank reconciliation, tax compliance, and reporting.
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