How to Make Most of Big Billion Days, for Flipkart Sellers!

Effective Ways for Flipkart Sellers to Make Most of the Big Billion Days!

The eCommerce market has introduced shopping holidays to customers from all around the world. In the western countries, they have Black Friday and Cyber Monday. In India, we have the Great Indian Festival, The Big Billion Days, Pink Friday, etc. All these sales are designed to sell out unsold products and build an enormous customer base. It can be a terrific opportunity for sellers to make the most of these sales and generate remarkable profits. Today, we will particularly talk about the Flipkarts’ Big Billion days. It is a Flipkart initiative that is proposed for customers during their great festivals like Dussehra and Diwali.

If you sell your products on Flipkart, you must know about some effective ways to help you acquire immense benefits during this time of the year. This year the Big Billion Days are going to happen between 23rd-30th September. This eight days long shopping event can prove to be a jackpot for you. You can sell your slow-moving products during this event and attract more customers to your product page by providing exciting deals. Let’s find effective ways to help you attain extreme benefits from this alluring shopping event.

What is Flipkart’s Big Billion Day Sale?

The Big Billion Day is Flipkart’s massive yearly sale event. Sellers and customers both await to attain practical benefits for themselves. This significant sale offers huge discounts on almost every product category, such as Fashion apparel, Electronic products, Mobile phones, Home appliances, etc. Every year this sale sustains eight long days and attracts millions of customers to purchase products from this eCommerce platform. Customers can save up to 90% from MRP on various products during this sale. For extra savings, they provide discounts on some popular banks’ debit and credit cards beneficially. So gear up and set up your stores on Flipkart to attract your customers and attain magnificent profits.

How can Flipkart Seller Receive Maximum Orders During BBD?

If you plan to land up in the Big Billion day sale, you need to prepare and make a strategic plan to sell your products effectively during this sale. During this time of the year, you can sell most products related to prominent Indian festivals and marriages. As a Flipkart seller, you might want to get the smartest trick and tips to increase your sales during this sale event. Here we will mention some of the crucial steps that can help you increase your sales on Flipkart.

Upgrade Your Product Information

You must know that the backend system of Flipkart automatically updates your product information to match the product with the customer’s query, making it a troublesome situation for you. This system can sometimes remove all the essential information and features from the product listing page, such as key features, descriptions, and essential keywords from the products. Thus it can be a continuous process for you to upgrade your product information from time to time wisely. Recently, Flipkart introduced a bulk product update feature. The following steps can help you with it.

  • First of all, you need to download your product catalog from the product listing page.

  • Open the catalog, check if any information has been eliminated, and update the information accordingly.

  • Now upload the upgraded product information on the listing page.

  • Listing information should be updated on this platform monthly to never miss out on higher sales.

Adopt an Inventory Management Software

During the Big Billion Day sale, as a Flipkart seller, you must process as many orders as possible in the first two days of the sale. After the first two days, your sales can get minimized, and the returns rate can increase. But to sell as many products during this sale, you need to get along with an inventory management software that can provide you with an accurate inventory report. Seasonal sales can affect the inventory holding and put you in the stock out situation. However, software like eVanik OWS can help you to tackle this situation effectively and effortlessly. Apart from that, you should make sure that you have a separate inventory for all your products. Once inventory gets sorted, you must process the customers’ orders as quickly as possible.

Run Effective Flipkart Advertising

Before the Big Billion days hit, you need to run a successful advertising campaign that can help you in upscaling the visibility of your products. To acquire effective sales, you need to get on all the major social media platforms, such as Facebook, Instagram, Pinterest, etc., to promote your products and inform your customers about attractive offers and discounts. This advertising tactic can help you attract millions of customers and ultimately receive maximum orders dusting BBD sales. You can also send attractive emails to your customers regarding the sale offers and discounts.

Offer Unique and Quality Products

Although sales are for selling slow-moving products, it can not be the scenario for all Flipkart sellers. It will help if you offer something inspiring and unique to your customers. This is the most glamorous time of the year, and customers already await to shop as per their desire and requirements. So, offering something new and different from your competitors can increase your sales and customer base. Although, always keep in mind that whatever products you offer your customers should be helpful for them and have festive vibes. For example, you can sell unique and ethnic fashion attires, decorative items, fashion jewelry, household products, etc.

Get Along with Flipkarts’ FBF Service

You must agree that on-time product delivery is crucial to any eCommerce business. However, it becomes much more crucial during sales because competitors’ platforms also run their sales this season. So, you must process your orders on time and provide tremendous customer service. Flipkart offers a complete order processing system through its FBF (Fulfillment by Flipkart) service. This eCommerce venture has multiple warehouses at different locations in the country. By enrolling in the FBF service, you can deliver your products more efficiently to your customers. You can send your products to Flipkart’s warehouse and to the location where you get more orders and let your customers enjoy the premium delivery on time.

Conclusion

Thus, these are some effective ways to let you attain tremendous benefits during the big billion days on Flipkart. Remember that the formulas mentioned above can help you receive maximum sales during the BBD, but you also need to handle your backed operations more profoundly. More sales refer to more management of external affairs. Hence, managing your accounts, payments, shipping, inventories, and returns is crucial for your eCommerce business significantly during the Big Billion Days. In this regard, you subscribe to eVanik OWS and can efficiently manage your backend operations.

All You Need to Know About Amazon Inventory Management

All You Need to Know About Amazon Inventory Management

In business, no seller wants to go out of stock and decrease the sale; on the other hand, they will also avoid spending extra money due to overstocking. Being a seller in the eCommerce industry is not an easy task; one of the integral parts which need to be dealt with is Inventory Management. You must manage this part with utmost importance on every platform like Amazon, Flipkart, Meesho, etc.

In Amazon, inventory management is also a crucial part of selling. It would be best if you found the right balance between too much and out of stock. We all know that at the end of the day, good business results from better management and understanding of the consumer’s needs and market.

Today, we will discuss what Amazon inventory management is, its benefits, different inventory management systems, and common inventory issues Amazon sellers face. We will also glance at the best inventory management software in India.


What is Amazon Inventory Management?

From purchasing to selling an item, keeping this track is known as Inventory management. Let us dive deeper into this. Inventory is the stock you, as a seller, are willing to sell. Amazon inventory management is to keep track of customers’ demand and your stock so that you do not get out of stock.

The complete process is quite long and needs to be managed all the time. The extended activity of tracking and storing your goods and meeting consumers’ needs is the whole idea.

What is the Need for a Better Inventory Management System?

More simply, the customers who come to Amazon for shopping are always in a hurry. To be a good Amazon seller, you must assume that your customers are impatient.

As per the data, 68% of people want their product delivered within 0-3 days. Around 70% will be upset if delivery is late or the product is out of stock. Your customers will buy from your competitors when you remain out of stock.

As we discussed above, some problems are shared among all amazon sellers regarding Inventory Management. Now let us understand that too.

Common Problems Faced in Amazon Inventory Management

Getting Out of Stock

The most common problem faced by most Amazon sellers is getting out of stock. It simply means that customers are demanding your product, and you do not have enough to deliver to them. It results in a terrible user experience, and your best seller rank is disturbed when you go out of stock.


It has to be managed in a very organized way; when running short, it just slows down the demand process. You can help this by stopping off-site ads, which are working in bringing new customers to yours. This way, you will retain the old customers and pause the process of adding a new set.

Overstocking the Inventory


In the above case, you don’t want to get out of stock; in this case, you don’t want to store extra inventory. It can levy a high cost of storage for the extra inventory that you have.

If the seller uses Fulfillment by Amazon, this becomes more crucial. This will make you pay heavy fees for storage; Amazon works on a product in and out strategy. If your product is in there for more than 90 days, it will be an extra heavy charge on you.

Stranded Inventory

It is another common issue the seller faces, although it can be avoided. This term is used for those goods which are no longer a part of Amazon’s active listing. It is for sale, but no consumer will be able to purchase it.

This work demands active checks on the dashboards to be on time. Amazon lists the inventory in your dashboard, and you need to be attentive. Keep a check on the seller dashboard allotted to you by Amazon.

How can Inventory management be Done Efficiently?

Maintain 60 Days Supply Chain

This is one of the best ways of managing your inventory, keep a fixed period of 60 days, i.e., two months. Stock the inventory for two months and keep a check on the reports and data on product performance.

Product forecasting can help you determine the future storage numbers of different products. Amazon also provides inventory reports to all its sellers, which you can easily understand.

Reduction of Excess Inventory

This scenario is very common to almost every seller; huge brands sometimes face this issue. There are some easy solutions which can be adapted for this like

  • Running Promotions- In this, you can use running campaigns and provide gift coupons to your customers. You can also run the sale offer of buy 1 get one combo.
  • Creating removal order- If you have an alternate option to store your product besides Amazon, use it. You can remove your inventory without paying hefty storage fees to Amazon.

Control the Demand

As we have discussed, when you are aware of getting out of stock. Lower your demands accordingly, and it can be done by stopping advertisement campaigns and hiking the product’s price.

If you are low on stocks and still the demand is high, it will surely end in order failures. If you want to stay safe from this situation, keep managing the demand similarly.

Using the Best Inventory Management Software in India


Selling on Amazon is hectic work; getting everything in the right place might become hectic for the seller. For this, you can take the assistance of software for inventory management, reducing your stress.

Softwares like eVanik OWS help you to manage the inventory correctly. The tool helps you with centralized inventory management solutions.

Conclusion

We discussed the different aspects of Amazon Inventory Management as we talked about the common challenges faced by the sellers and ways to get rid of them. One thing is particular and standard for every business: customer satisfaction. At the same time, sellers also need to check the profit margins.

Profit margins are directly affected by the different prices which may occur while selling on Amazon, like excess fees for inventory in FBA. Covering all the aspects and getting along with the solutions, a seller must bloom daily with excellent customer service and avoid extra losses that may come in the way of selling on Amazon.

We also discussed getting assistance from the best inventory management software in India, like eVanik OWS, for better business management. To move ahead, sellers need to work smarter rather than working harder.

Top Five High Demand Apps In Indian Market!

Top Five High Demand Apps In Indian Market!

The demand for online apps has been increasing post-pandemic due to health reasons and comfort. Because of the WFH (work from home) and the increasing pace of life, consumers have acclimated to a new standard of living. To make customers’ lives more comfortable, many apps in the market act as per customers’ requirements and provide on-demand services. Such apps have gained immense popularity across the globe.

The overall Digital need is growing massively with the internet era, and those providing an extra edge will make their presence in this competitive market. Customers are busy with work life and want everything according to their demands in their comfort zone. Think about it from a customer’s perspective; suppose you come home after a tiring day and want a cup of coffee, but you find no coffee in the house or don’t wish to prepare it. What will you do? Either you will order a cup of coffee from any food app or simply look out for the online delivery of coffee to make it your way. This is what we call demand these days, and there are several apps that are taking advantage of this and generating revenue.

In India, on-demand apps are rapidly growing their business in almost every city in the country. If you want, you can also become a part of this business and sell your products through such apps. In the process of handling your on-demand app business, you can take the help of eVanik OWS. In this blog, you will learn about India’s top five high-demand Apps.

List of Top-Five High-Demand Apps Available in the Indian Market

Ola Cabs

Significantly after the COVID-19, consumers avoid traveling by public transport, and yes, everyone doesn’t own a personal vehicle, so they find this app more convenient for themselves. In India, Ola cab is the most demanding online cab booking app. Ola cabs were established in the year 2010 by Bhavish Aggarwal. This app company’s headquarters is in Bangalore, and the net value of Ola cabs is 2544 crores. Customers can book their cabs through this app anytime and anywhere. It also provides the outstation service as well. These days one can also buy their daily essentials through this app. Customers can book a cab, bike, and auto from this app at a reasonable price. Customers can download this app from the Google play store.

Blinkit

Everyday essentials such as groceries, milk, and vegetables are essential to our lives. Blinkit was formerly known as Grofers and came into existence in the year 2013. Albinder Dhindsa and Saurabh Kumar have founded this hyperlocal instant delivery app. The headquarters of Blinkit is situated in Gurugram, Haryana. Through this app, local sellers sell almost every daily essentials product category that one can think of and generate compelling revenue.

It has products from top-rated brands as well, and customers can place an order from anywhere; customers can simply sit back in their comfort zone and can order almost everything related to daily essentials from this app. This app provides services in all the major cities such as Delhi, NCR, Jaipur, Mumbai, Pune, Bangalore, Chennai, Hyderabad, Kolkata, etc. One of the tremendous features of this app is that it delivers the order in a maximum of 15 mins. It can be their USP and the primary reason behind the popularity of Blinkit. The total annual revenue of this app is approximately 2289 crores.

Urban Company

The urban company was founded in the year 2014 by Abhiraj Bahal and Varun Khaitan. It was formerly known as Urban Clap and provides various services to its customers, such as salon services for men and women, massage services for women, home cleaning services, men’s therapies, appliance repairs, home painting, pest control, and disinfection, and others. These are services one can require anytime, and Urban Company is here to help you.

There are approximately ten thousand professionals registered on this app. Urban company is serviceable in most of the urban cities of India. In the case of the requirements mentioned above, customers can download the app and place an order, and the executive will visit them and fix the problem. It has diminished the need to find a professional for such services.

Dunzo

Dunzo is another high-demand hyperlocal delivery service app. It is most serviceable in urban cities of India. Initially, it was introduced as a bike service provider, but nowadays, customers usually use this app to deliver their daily essential items quickly. This app was founded by Mukund Jha, Ankur Agarwal, and Kabir Vishwas in the year 2014.

Back then, Google funded this company, and now it has totally become an individual venture. This app allows customers to place their orders and connect to a delivery partner. The delivery partner then purchases from retailers or manufactures and delivers the order in a limited time period of 20 mins. One can even use this app as a courier partner as well to send packages from one place to another.

Zomato

If you are a foodie, you must be aware of this app. Zomato is the most popular and high-demand food delivery app in India. Customers from every age group use this app to order their favorite food. This giant food delivery app was founded 14 years ago in 2088 by Deepnder Goyal and Pankaj Chaddah. Today this app is serviceable in 24 countries and more than ten thousand cities worldwide.

The annual revenue of Zomato is around 4192 crores. Gurgaon-based company has now started a new strategic service of 10 min food delivery in Gurgaon, and it is called Zomato instant. It has provided an excellent opportunity for small as well as big restaurants. It has become a trend in the food market, and if you are not on Zomato, you might not survive in this competitive market.

Conclusion

Thus, some of the high-demand apps in India have set a benchmark. Customers are dependent on these apps to fulfill their daily requirements. Under the effect of COVID-19, the on-demand business sector has emerged in India. Most customers now prefer to order daily essential items from an online app. According to a survey, this market is predicted to grow by more than 220 billion dollars by the end of 2025.

The increasing demand for such apps provides an immense opportunity for sellers to sell their products through these apps. You can also join this industry and earn your bread and butter. Managing the back office operations can always be a hassle when you have multiple operational functions in this online business. eVanik OWS can be a support system for you to automate all significant operations related to your business from orders, inventory, accounting, etc.

Latest eCommerce Trends of 2022 That Sellers Must Know!

Latest eCommerce Trends of 2022 That Sellers Must Know!

It is 2022, the era of new technologies, ideology, and efficiency. Along with all these, the eCommerce industry is also evolving, and you must consider the latest trends to help your business grow more quickly. If you are already an established player in the eCommerce industry, you must be aware that there are various disruptions in online business. That is why every seller should adapt to the latest market trends. There are a few new trends that you can see this year. It can prove to be a breakthrough year for eCommerce businesses.

Today technology is considered the backbone of the eCommerce industry. The latest software, AI-based technologies, and Speedy delivery are three major requirements of upcoming eCommerce trends. These are essential to provide a hassle-free shopping experience to the customers. In this blog, you will get to know some of the brand new trends in the eCommerce market in 2022. As a seller, you must look out for these trends and make selling your products on various eCommerce platforms easier. Let’s see what these trends that you should follow this year are.

Watch Out for These Latest eCommerce Business Trends of 2022

Origin of New Marketplaces

The eCommerce industry is currently dominated by several giant marketplaces such as Amazon, Flipkart, eBay, Myntra, etc. We are also experiencing the emergence of social commerce platforms such as Blinkit, Instamart, Big basket, Zepto, etc. Additionally, the number of D2C(Direct-to-consumer) marketplaces can also increase by the end of this year. It is predicted that the major B2B businesses are expected to grow by more than 65% in the coming years. Thus as a seller, you have immense opportunities to make most of these platforms to set up your own online business and generate decent revenue. If you are new to this industry, you might experience difficulties fulfilling your valuable customers’ demands. In this regard, you can take the advantage of any online order management software such as eVanik OWS.

Speedy Order Fulfillment

In the current scenario, customers want their order within the minimum time. As predicted this competitive market will grow more than ever in 2022 as more and more sellers can get aboard. It can develop a quick delivery format among them to please their customers as soon as possible. Specifically, customers who buy their products from prominent eCommerce platforms such as Amazon, Myntra, and Flipkart expected a shorter delivery time. The requirement for hyperlocal fulfillment is also increasing these days. To establish your online business in such a trend, you will require the help of any eCommerce order management software such as eVanik OWS. It can accelerate the entire order fulfillment process by providing automation. Thus, it can become easier for you to deliver the order in the shortest time at the customer’s doorstep.

Requirement for Inventory Management Software

With the expanding growth of the eCommerce industry, customer demands have also been increasing with each passing day. To fulfill their demands on time, as a seller, you need to keep a check on your inventory. Your stock should always be up to date, never to give your valuable customers the experience of Oos(out of stock). In this regard, inventory management software such as eVanik OWS is the essential requirement for this hour. It provides real-time updates of your inventory across channels and protects you from the horrible situation of Out of stock. Accurate inventory information can diminish all the difficulties of the order fulfillment process. You must know how much inventory is available and how much you need to refill. A poor inventory management system can lead you to a failed business.

Multi-Channel Selling System

As you already know, many eCommerce website platforms will emerge this year. Customers are already making their purchases from various eCommerce platforms. So as a seller, it has become the priority to sell your products on multiple channels to reach your targeted customers from various regions of India. If you pick only one eCommerce platform, such as Amazon, to sell your products, you will miss out on those customers who prefer to shop from Flipkart or Myntra. Thus it is better to spread your wings and take advantage of multiple eCommerce platforms. However, it can become challenging for you to manage the orders from multiple channels. But do not worry because you can take the help of multichannel order management software to ease this issue. It can provide you with all the essential information regarding your orders under one single panel and make it a smooth process to fulfill your orders quickly and seamlessly.

Expansion of the D2C Business Model

This year, the world can see an increment towards the D2C(direct to consumer) business model on a larger scale. It is predicted that sellers and brands can switch their businesses to a D2C model and start handling manufacturing and distribution independently. However, in India, various D2C business models already exist and earn a lot. Sugar, Mamaearth, Boat, Beardo, etc., are some of the prominent D2C business companies in India that are quite popular among customers. This model provides straightforward access to serve your customers accurately. It also provides you the liberty to make your brand and mark your presence in this competitive market. It also allows you to connect with more customers.

Conclusion

Hence, the points mentioned above are the latest upcoming eCommerce trends for 2022. Keeping all these factors in mind can help you make more of this industry. Always keep in mind that this particular industry is based on the requirement of customers, and if you want to attain rapid success in your online business, you need to evolve with time. To meet the demands and latest trends, you must be up to date and always keep an eye on the above factors. The eCommerce industry can help boost sales and revenue in 2022 if you follow the above trends. If you find it challenging to follow, you can take the help of order management software to automate the order fulfillment process. It can help you with speedy delivery and provide the ultimate customer experience. You also have to adapt completely to profit from these latest eCommerce trends. So, being an online seller, you should go with the flow to make your eCommerce business a successful affair.

Financial Management Tips for eCommerce Business!

Financial Management Tips for eCommerce Business!

The eCommerce industry is absolutely a compelling business that is attracting a lot of new entrepreneurs on a daily basis. This evolving industry has provided immense opportunities to make people self-reliant. But managing your online business is not as easy as you think. If you are the one who is looking for an eCommerce startup, one of the essential aspects of managing your online business is to have a robust financial management system. Establishing your online store requires several strategies and a focus on accurately setting up every aspect of your business.

Along with considering inventory and shipping as crucial aspects, you must know how to handle your finances. After all, you will sell products on any eCommerce platform to generate revenue. To make a smooth flow of revenue generation, you require the best accounting software for your eCommerce business. Dedicated accounting software such as eVanik OWS can help you immensely with managing your finances adequately.

It can become more requisite when you plan to sell your products PAN India. In such a scenario, you have to track the taxes of every state, and it can be time-consuming. In this blog, we have mentioned some financial management tips that will help you as an eCommerce entrepreneur.

  • Register Your Business Legally

The first step you should take before managing your finances is to register yourself as a seller on various eCommerce platforms legally. To become an authorized seller, it is necessary to legalize your business. It is also an essential step because potential customers and manufacturers can check the authenticity of your business. Additionally, most banks in India will not let you open a corporate bank account without accurate business registration documents. Moreover, without proper registration, you won't be able to sell your products on platforms like Amazon, Flipkart, Myntra, etc.

  • Open a Business Bank Account

Once you have established your business, the next step you should take in managing your finances is to open a dedicated business account. You should get one before you start earning income or spending money on other business-related aspects. So it is essential to segregate all your business flows from your personal finances.

It can become much easier for you to accurately handle your finances and taxes. It is also a legal requirement to have a separate business account. However, an individual seller may not legally require a business account. It is still advisable to get one as it can put you on the right path to managing your transactions properly. It is imperative during the tax filing season.

Establish a Secure Payment System

In the process of establishing your online business, it is crucial to set up a secure payment system. It is essential to ensure a great shopping experience for your customers. Before stepping into the eCommerce business, you must set up a streamlined payment process. It can help you in diminishing the cart abandonment rate as well. According to research, most customers abandon the cart after analyzing the insecure payment method.

You need to ensure the customers that their personal details are secure with you. You must consider offering various payment options to your customers, such as credit card, debit card, UPI, cash on delivery, etc. Payment gateways such as CCAvenue, PayUBiz India, and Razorpay keep the payment processing secure.

  • Initiate Efficient Bookkeeping

    It doesn't matter how efficient and fast you are at doing the calculations manually for your eCommerce business. At last, we all are human and prone to making mistakes. To minimize the errors in keeping records of all your financial transactions, payment receipts, and other transactions, you need to maintain efficiency in bookkeeping. Efficient bookkeeping can help save you enough time when it comes to accounting. To execute this process effectively, you must consider integrated payment processing.

To maintain efficiency in bookkeeping, you can take the help of the best accounting software for eCommerce, such as eVanik OWS. It can help you screen several errors from the informational categories to maintain overall efficiency. To manage your finances in a proper manner, you need to maintain the cash flow and provide accurate bills to your customer.

Software like eVanik also helps to automate the invoicing as well. You can also send follow-up reminders, create recurring invoices, and accept digital payments directly from the invoices. It provides transparency that can let you make other decisions related to finances at any time and keeps you 100% GST compliant as with accurate records, filing GST on time becomes a cakewalk. In this way, you will have no requirement for consulting multiple accountants. It can even help you understand your customers' spending habits.

  • Integration with Various eCommerce Platforms

To grow as an eCommerce entrepreneur, you need to sell your products on various eCommerce platforms. It means your financial task will increase, and managing the finances of various marketplaces will not be easy to handle. At this point, you require software for eCommerce that can integrate easily with various platforms and manage your back-office operations.

Manual entry of transactions and other expenses can include significant errors that can be time-consuming as well. On the other hand, accounting software can smoothly integrate multiple channels and provide systematic financial pieces of information. If you enter the eCommerce industry as a seller, you must consider the importance of such software to manage your finances without any hustle.

Conclusion

So these are several tips that you must adopt as an eCommerce entrepreneur. To manage your business's financial flow, you must attain one robust accounting software. It can provide you quick overview of your income and other financial expenses. Eventually, it helps you with financial planning and fixes a budget for your eCommerce business. Accounting software facilitates you to analyze all your monetary data. In such a way, you will be able to streamline every aspect of eCommerce incredibly, such as inventory management and applying pricing strategies.

All these aspects can help you to stay competitive in the market. So, if you are willing to get along with accounting software to minimize the everyday stress, you must consider eVanik OWS. It can not only help you in managing the finances but also with the inventory, shipping, and returns. Apart from that, it has the remarkable features of tally prime integration, which you can use to file your GST smoothly. It also has the feature of Zoho book integration, Aligns books integration, and Quick books integration.

Dropshipping Concept of eCommerce, and How Does it Work!

Dropshipping Concept of eCommerce, and How Does it Work!

In the eCommerce industry, there are various aspects of establishing your business robustly. Order fulfillment is one of the most essential aspects of establishing a rewarding eCommerce business. Hence, you need to emphasize more on this factor. In this particular blog, we will talk about dropshipping. It’s a unique way to run an online business that can help you get started with less investment and implement hassle-free order fulfillment.

If we talk about it more precisely, dropshipping can let you skip the heavy inventory requirements of running an online store, and instead, it lets you outsource inventory management and order fulfillment to third-party suppliers or manufacturers.

To fulfill the orders of your valuable customers, you can use drop shipping if you are an individual seller. It is one of the most popular concepts for initiating the shipping process in eCommerce. If you have started your business initially, you can apply this concept in terms of fulfilling the orders of your customers. The following points can help you understand dropshipping and how it works. 

Definition of Dropshipping for Online Sellers!

For the eCommerce industry dropshipping is one of the most trending and popular shipping concepts sellers use to fulfill their customers’ orders. You can say that it is the procedure of the order fulfillment method where eCommerce sellers can outsource procuring, storing, and delivering products that their customers ordered.

Once a customer places an order you need to simply forward that order to the manufacturing unit as an eCommerce seller. Once you place the order, it becomes the responsibility of third parties to manage the product and prepare it for delivery. You can take advantage of drop shipping if you do not want to invest much in your online business. 

While implementing dropshipping into your business, you need to buy products from any third-party vendors and they will directly ship them to the customers’ addresses. Dropshipping doesn’t require inventory management because you do not need to buy products in bulk.

It may be a new concept in India, but foreign countries such as Canada, Australia, and California have been using this for a long time. You can go for this if you are new to this business and do not want to take any risk of failure.

Apart from this, if you want to make it a successful affair, you can take the help of an order management system for eCommerce, such as eVanik OWS. It can help you in many ways to establish your online business effectively by automating your back-office operations.

How Does Dropshipping Concept Work for eCommerce Businesses?

There are three significant aspects of dropshipping concept: order placement, order confirmation, and delivery. Let’s find out the details of this spectacular eCommerce business model.

Order Placement

This process begins when a customer orders through any eCommerce platform. For example, suppose a customer orders a handbag from any eCommerce marketplace such as Amazon, Myntra, Flipkart, etc. First of all, you have to ensure the availability of the product listed on the platform. Once the order gets placed, you need to forward the order request to the manufacturer or supplier who has stored the products.

 

Order Confirmation

In this process, once the order gets finalized and purchased by the customer, you need to send a confirmation email to the customer’s email id. This should include the shipping and tracking details of the order. On the other hand, you also have to inform the manufacturer about the ordered product. However, it seems like a regular order process. Still, the only difference is that sellers work as a bridge between the customer and the manufacturer in the dropshipping concept. 

Order Delivery

The delivery process in dropshipping is relatively easy as well. The entire process of delivery is just like standard shipping. The order gets packed from the warehouse of the manufacturers after the order confirmation is received from the seller’s end and delivered to the customer.

One thing as a seller you need to take care of in this whole process is ensuring the order is delivered to your customers on time. Delay delivery can ruin your image at the marketplaces and disappoint your customers as well. 

Best Ways to Select Products for Dropshipping

If you are going to implicate dropshipping in the online business, you need to make sure that you have chosen a beneficial product to sell. However, with the constant study of market trends and customers’ demand, you can make a strategy or plan to finalize a product category you want to sell on marketplaces.

Here we have mentioned some of the magnificent steps to help you select dropshipping products to sell on multiple eComm platforms. 

  • Make a list of Best Selling Product 

First of all, you need to understand that if you are an individual seller and handle your business individually through the dropshipping concept, you need to select a product to sell that can provide you with a good outcome. For that, you need to analyze several marketplaces, observe the latest trend, and make a list of their top-selling products. It will help you to identify what products you should sell or not. 

  • Get the Product Selling Ideas From Social Media

To get on board and select what product you should sell that can help you generate decent revenue, you can take the help of social media websites as well. You can check out the shopping pages on Facebook and Instagram and analyze their top-selling products. Social media can also help you understand customer behavior toward specific products. Based on that, you can choose a top-selling product and sell it on various eCommerce platforms. 

  • Examine the Local Market

The beauty of the Indian eCommerce market is that you already have immense opportunities to sell various products from diversified traditions and heritage. You can see Indian culture in several products sold in the markets. Local markets of each city and district offer a range of handmade products. These products even get supplied to foreign countries; you can study those products and decide to sell those on marketplaces. 

Pros and Cons of Dropshipping

Pros

  • The most tenacious pros of dropshipping are it doesn’t require a massive investment. This business model is budget-friendly, and anyone can get aboard initially at multiple eCommerce channels. 
  • It is an effortless eCommerce business model that helps in establishing your online store in the first place. It minimizes the risk of failure by providing you with real-time order fulfillment updates.
  • Dropshipping eradicates the requirement of managing inventories. Eventually, it diminishes the chance of money loss and can add more value to your business. 
  • This eCommerce model is location friendly; you don’t require to be present at any specific location. You can simply run your business from anywhere just by keeping in touch with manufacturers and customers. 

Cons

  • Though the dropshipping concept doesn’t require a hefty investment, the return on investment rate is comparatively less. The process of revenue generation can be slower for dropshippers. 
  • You can not be able to customize the products as per the requirement of your customers. It can dissatisfy your customers, and you may lose your grip on your customer base. 
  • In the dropshipping model, you won’t be able to keep a check on inventories that change every day. It can keep you in denial, and sometimes your customers may face a stock-out situation. 
  • You may face the shipping complexities of working with multiple manufacturers and distributors. In this situation, you can get blamed for their faults if the order doesn’t get delivered to your customers on the promised time. 

Conclusion 

Thus, now you get to understand what dropshipping is and how it works. You can become a successful online seller by adopting the drop shipping concept. Once you finalize what product you want to sell, you have to look out for the manufacturers or distributors who can dropship the products on your behalf. It will help if you reach out to the manufacturers to look at those products.

A short supply chain is always a better option to make most of the eCommerce business. It also has its advantages and disadvantages, but the point is who doesn’t have it. Risks are always there, but you must identify them and eliminate them wisely. However, to ease your hustle, you can take advantage of the software of online sellers such as eVanik OWS.

Vital Tips to Increase Your Online Sales Amid Fathers’ Day!

Vital Tips to Increase Your Online Sales Amid Fathers' Day!

Fathers' day is celebrated in many countries of the world on the third Sunday of June every year. This year, it falls on June 19th, and amid this day, eCommerce websites have started a buzz around to make the most of this day. Like any other Indian festival, this day is equivalently essential; after all, it is the day to show your affection towards your Father. The significance of this day is relatively high in Indian paternal society. So why not take advantage of this day to upsurge your online sales. Although, this is such a date that many eCommerce sellers must have prepared for, which has intensified competition. All have their unique strategy to attract more customers and increase their sales.

That's why it is crucial to have considerable competitive ideas to take advantage of this day efficiently. In this regard, you need to update your inventory, accelerate your shipping and delivery system, and be prepared for the returns as well. To get the requisite benefits of this particular day, you can take the help of several eCommerce order management software such as eVanik OWS. It can help you in processing your orders smoothly along with other operational activities in a seamless manner during this occasion. In this blog, we have mentioned some of the vital tips that can help you increase your sales during the Fathers' Day celebration.

Significant Tips to Enhance Sales Amid Fathers' Day Celebrations

We all behold the heroic image of our Fathers, which automatically raises Fathers Day's importance. Fathers are the ones who devote their everything to the betterment of their children. So this day is considered a payback day for Fathers. As an online seller, you can convince the customers to make the best purchase for their birth giver. It is that time of the year when you can sell Father-centric products and increase your sales abruptly.

Create a Buzz of Urgency

It is easy to create a buzz of urgency amid Father's day celebrations. You need to remind your customers that the day is fast approaching. You can start with the promotions early to encourage customers to get into the mindset and prepare their orders as early as possible. You can promote several products on your social media pages under the label best gifts for fathers. Promote your products in such a way that they will be out of stock soon as many customers have their eyes on them. You must have seen these tactics on Myntra during the sales season. They have a unique feature that shows an accurate number of customers viewing the specific product at a time. Use such tactics to create the urgency of placing an order as soon as possible. It can work magically on customers, and they may place their orders. You can also run special offers throughout the weeks leading up to Fathers' Day. This gives customers enough time to make a purchase. It is a unique way to attract customers and increase your sales.

Always Keep a Check on Your Inventory

If you want to make most of this day to upsurge your sales, you must stock up your inventory. As an eCommerce seller, it is essential to be aware of your inventory to accelerate order processing and satisfy your customers. You must understand that you are not the only one who is trying to capitalize on this event. Various other sellers are there in the queue. That is why you need to always keep a check on your inventory to ensure whether you can fulfill the demand of your customers or not. Poor inventory management can minimize the chance of generating ample revenue. It can lead you to the situation of Oos (out-of-stock). Suppose if a customer experiences this situation while placing an order, it can break their trust in you. They can even run to your competitors to buy the same product. However, it is not an easy task to keep an eye on your inventories across channels. To automate this process, you can take the help of some inventory management software such as eVanik. It provides you the automation to view your inventories in a single dashboard and manage them effortlessly. It notifies you every single time a product gets out of stock. Hence, there is no chance you can miss out on this aspect.

Showcase Your Products as the Best Gifts

Be it Father or any other relationship, deciding on a gift for loved ones is always a task. It automatically allows you to offer your products as the best gift. To attract the customer's attention, you can choose several products such as a wallet, personalized pen, coffee mugs, perfumes, personalized diary, personalized bar set, etc., to sell. Now add an attractive description and title mentioning the best gift for Fathers' Day. In the fast-paced world, customers are running out of time, and in the lack of time, there is a probability that they can buy your products in the first place. Offering them customized or personalized gift items are keys to making most of the Fathers' Day celebrations 2022.

Offer Faster Delivery Than Ever

The enormous eCommerce business has become more competitive for sellers, especially during special days. It demands faster and more efficient delivery. That is why being an online seller, you need to find compelling ways to execute the faster delivery. The promise of a speedy delivery can convince your customers to buy your products without a doubt. Now the real challenge for you is to fulfill the orders by the promised time. To minimize this hustle, you can take the help of order management software. It can select the warehouse or some other destination right after placing an order. It also has the feature of extracting the order details and previous history to mandate the process of order fulfillment. You can keep an eye on every movement of orders after shipment and update your customers at their locations. In such a way, you can deliver the orders at the promised time and add more happy customers to your list.

Conclusion

Thus, these tips can help you increase your sales during the Father's day celebrations. To apply these tips accurately, you can take the help of order management software such as eVanik. It automates the entire process and diminishes the chance of failure. Apart from this, you must select some unique products to sell on Fathers' Day. Customers always are in favor of buying something different, and offering them as per their demand can undoubtedly help you increase your sales. This particular day is about to fall, so gear up and make a compelling strategy.

Key Factors to Intensify Your Multi-channel Sales Strategy!

Key Factors to Intensify Your Multi-channel Sales Strategy!

The eCommerce industry is open to selling diversified products, and automatically it helps upsurge the sales drastically. The extensive growth of the eCommerce industry with a solid customer base provides sellers an immense opportunity to expand their sales. The primary key factor to increasing online sales depends on product quality, presentation of the products, and campaigns. Advertising and campaigns are compelling ways to intensify sales on various eCommerce channels.

Undeniably, you are on this platform to attain good revenue by selling products of your choice. So you need to focus more on the factors that can intensify your multi-channel sales strategy in many ways. You need to apply some advanced techniques that can attract more eyes and eventually help in upsurging your sales. To ensure a good amount of sales conversion, you need to execute the order fulfillment process really well. In this manner, you can also take the help of some advanced eCommerce sellers software such as eVanik. In this blog, we have mentioned some of the essential factors that can help you intensify your multi-channel sales strategy.

These Factors can Help You Intensify Multi-Channel Sales Strategy.

It will be difficult for you to survive in this industry by selling your products on one particular eCommerce channel as a seller. That is why it is important to use the multi-selling strategy. However, it is not that easy to earn the expected profit via the multi-channel sales strategy. You need to pay more attention to all the critical factors that can help you increase sales.

Measure the Performance of eCommerce Platform

In this factor, you need to deal with eCommerce channel-wise sales in an excellent way to manage the sales metrics more effectively. In terms of sales management, you must look into the data collection and understand the strategy that works to upsurge the sales in the eCommerce marketplaces in a gigantic manner. Several deals that you need to be compared with other sales are generated several orders, generated revenue, and customer base. These factors can quickly help you measure the sales performance of multi-channel eCommerce websites. It is one of the tremendous ways to select the best channels for your online business.

Try to Minimize the Cart Abandonment Rate

Once you get to resolve the cart abandonment rate is an extensive way you will be able to accelerate the sales on various eCommerce platforms. However, cart abandonment is a serious problem that every seller faces these days. But you need not get upset about it as it can be the choice of your customer due to several reasons. All you can do is try to reverse the cart abandonment rate into the sales conversion by sending a notification about it to your customers. You can even offer them an excellent deal to get convinced to complete the purchase. Apart from this, you can even generate a pop-up message requesting your customers to complete the purchase. These tactics can help minimize the cart abandonment rate and automatically increase your sales revenue.

Monitor the Customers' Experience

To intensify your multi-channel sales strategy, you need to monitor the overall shopping experience of your customers effectively. Not just on one platform, but you need to monitor the customers' experience on multiple platforms. For example, if you are selling your products on Amazon and Myntra, do not just monitor the customers' experience on Amazon only but the Myntras'. This tactic can quickly help you understand your customers' demands and shopping behavior. Based on that, you can efficiently sell your products according to their shopping behavior, and it will help you attract more customers. In the end, more customers lead to more sales.

Multi-channel Inventory Management

Inventories are the most crucial factor in an eCommerce business. Agile inventory management can lead you toward a successful online business. However, it can be challenging to manage the multi-channel sales inventory. But without enforcing that, you can not be able to intensify your multi-channel sales strategy. That is why you need to take the help of an advanced eCommerce inventory management software. It can help you in managing your inventories across multiple channels. It will keep you updated on what product is available and what is not all over the eCommerce website. It will never let you face the situation of stock unavailability and thus helps in intensifying the multi-channel sales strategy.

Multi-Channel Data Centralization

One of the essential factors is that managing the data through a single panel is way more accessible than managing the multiple dashboards for multiple eCommerce platforms. Individually logging into various platforms and managing their data could be a frustrating task. But with the help of centralized data software, you can easily monitor the multi-channel data in a single panel. It will save your time and energy and let you focus more on your business strategy. Through a multi-channel data centralization facility, you will be able to manage the multi-channel inventory under one roof. Data centralization can help you make decisions based on real-time data information. In this way, it can also let you intensify the multi-sales strategy.

It is also vital to choose the right eCommerce platforms to execute the multi-channel sales strategy robustly in this varied process. There are many eCommerce websites available today, and you simply can not sell your products on every eCommerce channel; that's why it is crucial to choose the right ones. However, Amazon, Flipkart, Myntra, Ajio, and Meesho are some of the best options for selling your products. You can effectively sell your products on these platforms without any hassle, and in return, it can provide you with decent revenue.

Conclusion

Multi-channel sales strategy works when you have those techniques that can help you manage sales across multiple eCommerce platforms. However, for the success of this process, you can take the help of eCommerce seller software such as eVanik. It can help you in executing the multi-channel sales strategies successfully. Managing the data of multiple eCommerce platforms can enable you to implement various sales strategies. By using them technically, you will be able to generate handsome revenue from every channel. However, it is not an easy task to attain that, but a little push and good management can help you reach your goal.

5 Ways to Delight Customers & Enhance Their Experience!

Five Quintessential Ways to Delight the Customers & Enhance Their Experience!

In eCommerce or any other industry, customer satisfaction is an essential aspect that should be taken care of without being disrupted. Since the eCommerce industry is growing immensely, competition is automatically higher than ever. As a seller, you have to think out of the box to satisfy your potential customers the most and run your business successfully. Customer satisfaction is the key to earning profits and establishing your online presence robustly.

Specifically, poor customer reviews can never let your business grow as per your expectations in the eCommerce business. On the other hand, a delightful customer experience can improve your sales and let your business flourish immensely. However, in this fast-paced eCommerce era, it is not an easy task to satisfy your customers in the first place. You have to make several changes and initiate some advanced technology to help you in the vital process. To fulfill the demands of your potential customers and meet their expectations, you can take the help of sales order management software such as eVanik. It can overall support your business in many terms and ultimately help in enhancing the customer experience. In this particular blog, we have mentioned some of the ultimate ways to delight your customers and enhance their shopping experience.

What are the Customer’s Expectations While Shopping Online

The dynamics of online shopping have changed since the pandemic. Nowadays, more customers rely on online shopping to buy specific items for themselves. There is nothing that they can not buy from an online store. From household products to electronics, everything is available online. The eCommerce industry is growing rapidly, and due to its powerful impact on customers, leading brands are also taking part in this race. Since every product and brand has its online presence, customers lookout for quality products and a more personalized shopping experience. According to a recent survey, more than 65% percent of customers want a customized or personalized online shopping experience. Let’s find ways that can help you in enhancing the customer experience.

Five Imperative Ways to Enhance Your Customer Experience

Adopt Real-Time Data

Believe it or not but accurate behavioral and transactional data is the infrastructure of any great eCommerce strategy. You can not understand your customers and their needs without timely and reliable insights. You need to offer them the products they most likely prefer to buy. It will help if you hit while the iron is hot by having your campaigns respond to customers’ behavior as they browse. You can change your products to feature items that customers may have viewed within that same session. It can help you be more targeted with what you show your customers and turn potential customers into valuable ones. To adopt real-time data, you can use any order management software available in the market.

Automate Your System

If you still believe in doing things manually, let me tell you that you won’t be able to delight your customers ever. In this techno-friendly world, every customer wants to get their orders quickly and without errors. Manual ways of processing an order involve human errors. These errors can lead you to upset your valuable customers, and errors can be related to invoices, shipping, payments, and inventory. Suppose a customer places an order not available in your stock, it will highly disappoint your customer. They can buy that product from any of your competitors and may not ever turn back to you again. That is why you need to automate your system. It will diminish the errors and fasten up the entire order fulfillment process. Multichannel order management software is the best option to automate your entire system.

Proceed with Personalization

As we have already mentioned above, customers want to have a personalized shopping experience these days. So it is vital to increase engagement with your customers to provide them with a more personalized experience. This element can impact overall customer satisfaction and works against the selling strategy of your competitors as well. To provide your customers with an extraordinary personalized experience, you can send them personal emails, and alerts and send them free items with their ordered products. Pampering them will not harm your business in any way but can help you grow your business. You should ensure that you create an intimate shopping journey for your customers so that they can remember you and may get back to you in the future.

Maintain Genuine Pricing

The price you choose for your product also plays an essential role in delighting your customers. It has always been an enduring topic among online shoppers. While shopping online, customers always compare the price of the same product with several eCommerce websites and sellers. They always want to purchase the products at a lower price. If the customer finds the same product at a lower price than yours, they will go for that. However, if you don’t want to change the prices of your products, you have to justify that in terms of quality and features. It is the only way to sell your products on your terms without dissatisfying them.

Fastest Shipping & Delivery

Shipping and delivery are crucial parts of eCommerce businesses. To delight your customers and enhance their shopping experience, you have to look forward to cutting down the shipping charges. It is a harsh reality that customers don’t want to spend a single penny apart from the cost of the product. However, customers want to get their products delivered to their doorstep as soon as possible. It can be the most challenging factor for you to be an eCommerce seller. To resolve this issue, you can tie up with the fastest delivery service, in this way you will be able to satisfy your customers. If you sell your products on Amazon, you can take the FBA service to accelerate the shipping and delivery.

Conclusion

There are so many critical elements that can affect customer satisfaction in the eCommerce industry. To delight your customers and earn targeted profits, you must prioritize your business to provide your valued customer with the best shopping experience ever. Always remember that a happy customer is a key to generating revenue. However, sometimes you may not be able to fulfill all the demands of your customers. To tackle that scenario, you can subscribe to several eCommerce management software that can help you with providing the best customer satisfaction. It can help you manage your orders and inventories and provide you with the features of payment reconciliation, shipping reconciliation, and returns. Returns are also an essential part of the business that can help you enhance your customer satisfaction. So what are you waiting for? Go ahead and do the needful to enhance your customers’ experience.