Work Of Inventory Management Software For eComm Business!

How Does Inventory Management Software Works for an eCommerce Business?

A healthy association with any eCommerce platform requires keeping an eye on your inventory in the very first place. Believe it or not, fragile eCommerce inventory management software can affect your online business enormously. Being an online seller, it will be helpful if you realize the importance of inventory management software on time before landing into a significant loss.

That is why online sellers must have comprehensive inventory management knowledge. This management is necessary to fulfill customer orders, manage the warehouse, and initiate on-time shipping. It can also be beneficial in terms of restricting product wastage. This tremendous software can help you manage your inventory, thus encouraging business efficiency. One of the elementary purposes of using this software is to meet customers’ demands without creating an overstock or excessive inventory. To establish a profitable, scalable, and sustainable online business, you must understand every aspect of managing inventory. In this blog, we have the workflow of inventory management software and the significant challenges you can experience while managing inventory.

Workflow of an Inventory Management Software

As you know, inventory is the product or materials that an online business intends to sell to customers for profit. It is a crucial element of the entire supply chain that enables tracking inventory from manufacturers to warehouses. The conclusive goal of inventory management is to have the right products at the right place and time. Here in the following points, we have mentioned the inventory management workflow.

Acquiring Inventory: The first step is buying products from third-party vendors, manufacturers, or wholesalers and delivering them directly to the warehouse or the storehouse.

A Stockpile of Inventory: Inventory should be stored until needed. Products and materials are transferred across your fulfillment center until it is ready for shipping.

Provides Accurate Inventory Report: An accurate inventory report can never let you experience a stock-out situation that can make your customers unhappy and disappointed with your services.

Inventory management can be an essential asset of your eCommerce business. Where overstocking of products can impact the financial aspect of your business, down stocks can drastically make your customers unhappy. To manage all these ins and outs, you require inventory management software, especially if you are dealing on a larger scale.

Significant Challenges in the Absence of Inventory Management Software

Overstocking & Downstock

In the eCommerce business, if you do not have strong control over your inventory and knowledge about your customer’s shopping habits, you may easily fall into a situation where you either can not supply demand, or you may have overestimated the total amount of inventory you require at the time to fulfill the demands. However, it can be advantageous to have an extensive inventory on hand but on the other hand, it can become of no use if you have outdated products in storage. It increases the chance of having too much dead stock on hand. Deadstock refers to such products that you can not sell because you have too much inventory and not enough demand. It happens when market trends and customers’ shopping behavior shift. On the flip side, down stocks or less stock immediately affects your market reputation, and you may lose the trust of your customers.

Lack of Visibility Across Multiple Channels

Lack of visibility is another challenge you may face as the demand increases and managing inventory across various eCommerce platforms becomes more complex. As you expand your business, you will likely decide to sell your products across multiple platforms, such as Amazon, Myntra, Flipkart, Snapdeal, etc. However, keeping track of sales and orders from each platform can become challenging unless you use eCommerce inventory management software which will help you to manage your inventory through its centralized function.

Lack of Inventory Data Insight

It is another common challenge that sellers mostly face related to inventory management is the lack of inventory data insights. In order to scale up your business, you need to consider the power of inventory data. To boost your revenue and fulfill your customers’ requirements, you need to understand how your inventory fluctuates over time, how demand changes, forecast future requirements when to re-order products, etc. To implement all these steps, you require inventory data insight.

What Does Inventory Management Software Do?

Ensure Order Fulfillment

Meeting the deadline for product delivery is one of the crucial aspects of any eCommerce business. In any situation, if you cannot fulfill your customers’ demands, the result can be disastrous, as you can lose your valuable customers. An inventory management software synchronizes any order with your inventory to ensure order fulfillment. It provides you with clear visibility of available and non-available products. In this way, it can become hassle-free to fulfill your customers’ orders on time.

Restrict Overstocking & Downstock

With the help of the remarkable feature of providing accurate inventory reports, you can easily find out what amount of inventory you need to stock up. It automatically eliminates overstocking and down stocks. As a positive result, you will be able to save a lot of money to spend on improving the other aspects of your business. Overstocking can put you in the situation of facing the situation of dead stocks as well. On the other hand, down-stocks can prominently make you lose your valuable customers.

Forecast Demands

In the competitive world of eCommerce, it has become quite essential to forecast the demands of your customers. Demand forecasting can help you with selling your products during the peak season. As you know, festivals are busy days, and sales are always supposed to increase during this time. So it’s better to pull off your socks before the game begins and keep yourself in a safe position. Demand forecasting is essential in terms of enhancing your business decision about production, managing inventory, and marketing plans. It can also be helpful for profit margins, future capacity planning, cash flow, and capital expenditure.

Enhance Visibility

Tracking and locating a specific inventory is indeed a challenging task to perform. Inventory software such as eVanik OWS provides you with accurate inventory reports. Thus it can become effortless for you to keep track of each and every inventory in real-time. You will be able to analyze the status of all your listed products across multiple channels and can refill your stock as soon as products are likely to get out of stock.

Centralized Inventory Management

A robust inventory management software like eVanik OWS provides the astonishing features of centralized inventory management. It eliminates the requirement of managing the separate inventory for each eCommerce platform. This software integrates with your ERP system, connects with all the marketplaces you have associated with, and makes your inventories visible in one dashboard.

Conclusion

In terms of upscaling your online business, it is essential to manage your inventory compellingly. Not prioritizing this aspect can put you in a difficult situation where you will not lose your customers but money as well. Software like eVanik OWS can even help you with inventory reconciliation as well. It can help in reconciling the damage & returns, claims & disputes as well. Hence, now you must understand the importance of this considerable software and its benefits.

Know the Astounding Functions of Inventory Management Software!

Know the Astounding Functions of Inventory Management Software!

In the eCommerce industry, various aspects are quite crucial for this business. Inventory management is one of them, which is the most crucial part of your eCommerce business operations. You may have to face the inefficient and unmanageable inventory process, out-of-stock situations, overstocking and misplaced inventory if you do not have robust inventory management software. It is impossible to handle all the requirements related to your online business manually. It can require a lot more than that.

Being an online seller, you need to understand that the elementary purpose of eCommerce inventory management is to meet the customer’s demands without creating an excessive inventory or overstock. In this precise process, all you need to do is to understand why it is an essential factor for your online business.

In this particular blog, you will find out the importance of such software and how it can work as a strong pillar for your eCommerce business. Overstocking and stock-out situations can drastically impact your business and become a significant reason behind the downfall of your eCommerce business.

What is an Inventory Management Software

It is imperative to understand inventory management software in the eCommerce business. It is a combination of equipment, programming, cycles, and techniques that manages the checking and status of listed products at marketplaces in your stock.

An inventory management software helps recognize the stock status of each product. Softwares like eVanik OWS provides complete knowledge about your stocks and accurate inventory reports. This report provides you with information regarding damages, restocking, and down stock.

Hence, it can become much easier for you to manage your inventory and fulfill every order of your customers. Appropriately, overseeing stock gets more sincere as your business grows and the precise measurements of stock you are taking care of increments. Nefarious innovation can make things simpler for you, so inventory management software is priceless for any eCommerce seller.

Compelling Functions of Inventory management Software

Here in the following paragraphs, we have mentioned various significant inventory functions management software. It will help you manage your inventory outstandingly to meet customer demands. Lets’ see how it works and how it can add value to your eCommerce business.

Consolidate the Inventory Process

It is one of the critical functions of any eCommerce inventory software that helps you manage and track your inventory process effectively without spending too much money. To manage your inventory efficiently, you do not require going to your storeroom or warehouse; instead, you can control inventory flow directly through this software. It streamlines the entire process and helps fulfill your valuable customers’ requirements.

Regulate Overstocking

Overstocking is not only the major concern of eCommerce business. It is one of the serious challenges for any business. You must understand that it can impact eCommerce businesses on a broader scale if you fail to maintain consistency in maintaining the appropriate amount of each product in your stock.

However, inventory management software is designed in such a way that it can regulate overstocking by creating an extra inventory cost as per your supply. Ultimately it can add immense profit to your business and make it a successful affair for you. In this way, you may become able to fix your budget as well and can save money for other business operations.

Forecast Upcoming Trends and Demands

Inventory software tends to provide impeccable insights into your eCommerce business. This insight can let you know about your customer’s shopping patterns and make you aware of upcoming market trends. The data you receive from this software can help you to analyze the current scenario of your sale and let you identify the problems, and you will be able to make your business plan more robust for the upcoming months. Moreover, this insight can help you determine customers’ preferences and what products they like and dislike. It can also help you offer superior products during the year’s peak season.

Provides Real-Time Data Accessibility

The ability to generate rapid data allows your online business to supervise your profitability without any hurdles. Ultimately, every product you have in your stock provides the opportunity to modify the inventory according to the demand of your valuable customers.

You can effortlessly keep a modified overview of your stock through eCommerce inventory management software. It doesn’t matter how many locations and warehouses you are managing. This feature of real-time data accessibility can prove to be a lifesaver for your eCommerce business.

Escalate the Productivity Level

It is one of the essential functions of inventory software. Sometimes, you may fail to track the exact number and type of products in your inventory, which can negatively impact your productivity and eventually affect customer demands and satisfaction levels.

However, holding on to any eCommerce inventory software can make it a hassle-free process for you, as it automatically provides you with the exact number of products in every category, if there are any. In this way, you won’t fail in fulfilling customers’ demands, and at the same time, it helps you generate more profit.

Handles Multichannel Inventory

It can be a complex process for you to manage your online business smoothly in the ever-changing eCommerce environment. At this point, inventory management software manages the inventory section’s odds. Suppose your business is growing, and you plan to sell your products on more than one platform. In this case, you do not require to manage the inventories separately, but you can manage them combinedly with the help of software.

In today’s world, for the survival of your business, it is necessary to sell your products on multiple eComm platforms. In that case, this software allows your business to evolve with the current base of customers and accommodate future growth. Being an ambitious seller, you must take this service seriously, as it is the need of this promising market.

Thus, this is how inventory management software works and adds magnificent profits to your business. Apart from this, it can also diminish the requirement of human resources to manage the inventory. With the help of such automatic software, you can single-handedly manage your inventories without any hurdles.

Conclusion

It is evident that the eCommerce industry is multiplying, and to let your business survive, you can not ignore the services provided by eCommerce inventory management software. An astonishing inventory software leads to a well-organized warehouse and stocks, which can help you fulfill customers’ future demands.

On the other hand, you can save money by not spending it on low sales volumes of products. The accuracy of data and insights can give you a clearer picture of the products your customers are purchasing. All these facts ultimately lead you to generate revenue from your online eCommerce business.

Tata Cliq Login Seller Guide to Sell Products on This Platform!

Tata Cliq Login Seller Guide to Sell Products on This Platform!

Tata Cliq is one of India’s most prominent eCommerce joints. This platform is associated with all the top-notch brands, and sellers have the immense opportunity to sell branded and top-demanding products on this platform. In addition to that, the Tata Cliq login seller page allows the seller to access their seller account on this platform. On this page, you can quickly view your orders, track your sales history, and manage your inventories.

Although it is a brand new platform, it has established itself as the market’s most demanding and reputed online store. In a short time, it marks its place in the customers’ hearts by delivering quality products. This platform is beneficial not only for customers but for sellers as well. It offers an alternative way to sell products and earn immense profits. This special edition of the blog will guide you through selling products on this platform.

Initial Steps to Start Your Journey with Tata Cliq

  • First, you need to email partnersupport@tatacliq.com to notify them of your interest in selling products on this platform.

  • Once you receive a response from them, you need to reply to the same email with further details, such as the product you want to sell, your business address details, your PAN card number, and your GST number. After sending these details, you have to follow the same email thread.

  • Once the Tata Cliq team receives your email, they will send you a seller agreement document which you need to download and sign agreement on three hundred rupees stamp paper.

  • This document also contains essential information on seller commission. This information is quite valuable and important to appear on your personal letterhead with your authorized signature.

  • After signing the documents, you have to send the documents to the “Tata Unistore 1st floor, Empire Plaza 2, Chandan Nagar LBS Marg, Vikhroli West Mumbai 400080” address.

  • Once you submit the documents, after a few days, you will receive another email from Tata Cliq with the attachment of the ECS(Electronic clearing service; that banks offer to automate your transactions) and Tata Cliq registration form. You must fill out the details and send them back to the same email address.

  • Finally, you will be required to send them a few copies of the GST certificate, a canceled cheque, product images, and a product selling license. After that, you will need to complete the seller verification; in this process, they will review and approve your account before allowing you to sell on this platform.

How Tata Cliq is Different From Other Platforms?

Every eCommerce platform has its own potential; this platform also has. However, Tata Cliq is a little different from other prominent eCommerce platforms. The factor that makes it stand out is that this platform only allows established branded products to be sold. As a seller, you can not sell your products or brand on this platform until or unless it is not a well-recognized one.

Essential Benefits of Selling Products on Tata Cliq

Provides Complete Control of Products Pricing

Once you register yourself on the Tata Cliq Login seller page, you will be able to have complete control over your products and their pricing. You can select to list your products at your selective price that is based on market conditions. You can make the essential changes in pricing as per your strategy. You will choose at what price you want to sell your products. You can start receiving customer orders after listing your products on this platform.

This Platform Provides Ultimate Exposure

Tata Cliq has more than one million active customers from all over the country. It is now considered India’s one of the biggest eCommerce platforms. At Tata Cliq, your products can get ultimate exposure to millions of customers. To gain their trust and make your products the most selling, you need to ensure that you are selling high-quality, demanding products.

24×7 Support From Tata Cliq Team

Tata Cliq is also available in the form of a mobile application that connects customers and sellers in real-time. This app provides a wide range of services to customers and sellers for buying and selling products on this platform. The enthusiastic support team of Tata Cliq provides all the necessary help and support to sellers throughout their selling journey. Their team is available 24×7 to answer all your queries, even if that is related to completing a transaction.

Sell Products From Anywhere

This quintessential eCommerce platform provides a great chance to sell your products from your comfort zone. This platform has various features that make it easier for you to sell your products with the help of a user interface. Becoming a Tata Cliq seller, you don’t require to be in a specific location to sell your products on this platform. You can sell from any corner of the country.

It is one of the most trusted eCommerce ventures, so it is a perfect place to start your eCommerce journey. At the same time, you can sell a wide range of products on this platform, such as fashion apparel for men, women, and kids, beauty products, footwear, kitchen accessories, electronics, perfumes, etc. So if you are looking forward to taking your business to the next level, you can land on the Tata Cliq Login Seller page.

Hassle-Free Management of Inventory & Orders

This platform offers an outstanding feature of managing your inventory robustly. On this platform, you can easily find out what products are available and what is unavailable to sell. You can sell your products on this platform without worrying about shipping as they handle the logistics. However, if you want to manage your inventories personally, you can take the help of any inventory management software like eVanik OWS. It can help you with the inventory reconciliation process as well.

What are Tata Cliq Seller Fees?

This is one of the essential parts that every seller wants to know about. The Tata Cliq seller fee is fixed, which you can receive when you list and sell products via this platform. You will get this fee as an amount after your product gets sold. You can find the seller fees on the Tata Cliq login seller page as a seller. You can visit this eCommerce portal’s official seller central website to know the exact fees.

What is Tata Cliq Seller Commision?

Tata Cliq seller commission is an amount given to the seller by this platform on every particular sale. This amount can vary based on products and region. You can go through the seller agreement form to get clarity on the commission. All the commission details are mentioned in that form, along with other charges.


Conclusion

Thus we can say that Tata Cliq is a much safer and more convenient eCommerce platform for selling a wide range of products. Easy product listing and impeccable services make this platform much more prominent and alluring for sellers to get aboard on. It has a strong enough customer base to make a reasonable sale. Secure payment transactions and amazing products attract customers to make their purchases. This platform makes their shopping experience more convenient and authentic than ever before. It is only a unique platform for sellers but also for customers.

Amazon Book Bazaar: Initial Ways to Sell Books on This Platform!

Amazon Book Bazaar: Initial Ways to Sell Books on This Platform!

In the eCommerce world, Amazon is such a platform that allows sellers to sell almost everything related to our lives. Books are one of them that most customers prefer to read in their free time. Buying and selling are two different aspects of eCommerce. In this blog, we will talk about selling books on Amazon book Bazaar. If you have a massive collection of books, you can simply list them on this platform and generate immense business from them.

This gigantic eCommerce platform offers a personal and professional account level to sell books online, and it can also depend on the number of books you have. It also provides you the liberty to ship your books directly to the customer, or you can stock them to the Amazon FBA center.

Believe it or not but selling books on this prominent platform can be a great business strategy. As a seller you can start your eCommerce journey by selling books of various authors and genres. Mainly it is not necessary that you can only sell Indian books but you have the liberty of selling international books as well. Apart from that, you can also sell textbooks for children also.Here in this specific blog, we have mentioned some fundamental ways of selling books on Amazon.

Sell Books on Amazon Book Bazaar in the Following Steps

Decide How You Want to Sell Books

This is the most crucial step of selling books on Amazon, as you may be required to choose how and what type of books you want to sell on this platform. Well, the easiest way to start selling books on Amazon is to sell those you already have. If you have a compelling collection of books, you can list them on this platform and start selling them.

On the other hand, you can buy various books in bulk from a wholesaler at a lower price or from a publishing house and then sell them at a reasonable price on this eCommerce platform. You can also sell used books by buying them from a local library or a book sale. However, you may be required to read the detailed guidelines of Amazon before listing books on this platform.

Create an Amazon Seller Account

Before selling anything on Amazon, you have to create an Amazon seller account. You can register yourself as an individual seller or as a professional seller. The significant difference between the two is the benefits and fees. In the individual seller central panel, you do not need to pay any fees to this platform until or unless a product sells.

However, a professional seller central panel provides you access to advanced selling tools on Amazon on a monthly subscription basis. In this plan, you have to pay an amount to Amazon every month whether you sell a product or not. A professional seller panel is required for big ventures. You can go for an individual seller account if you are an entrepreneur. Once you choose a plan, you must sign in to your seller account and start listing books on the Amazon book bazaar.

Select an Order Fulfillment Process

This is the most crucial step of selling books on Amazon. In this process, you need to find out what ways of order fulfillment will be convenient for you. It will be entirely your decision whether you want to handle the inventory, packing, and shipping on your own or you would like to get it done by Amazon. As an Amazon seller, this platform provides two options for fulfillment.

The first one is MFN (Merchant fulfilled network); in this process, you will be responsible for storing inventory, packing, and shipping books independently as a seller. On the other hand, you can choose Fulfillment by Amazon; in this order fulfillment process, you just need to ship your books to an Amazon FBA center, and they will do the rest. However handling backend operations on your own can be a lengthy process, but with the help of inventory management software like eVanik OWS you can automate your backend operations such as payments, accounting, inventory, shipping and returns.

Set the Price of Your Books

In this step, you need to set a strategic price for your books, considering their condition, variables, and types. In this regard, you also need to monitor the prices of other sellers as well. Analyze what prices others are selling their books for and set your prices accordingly. At Amazon, you have the liberty to change the prices at any time. Always remember that you need to label such prices that cover your packing and shipping costs.

Promote Your Books

For a successful selling process, promotions are required. You can drive immense traffic to your book page with the help of Amazon advertising tools. You can promote your books on Amazon’s Kindle direct publishing if you are a publisher or author. Apart from all this, you can simply promote your books on social media to catch more eyes. You make a strategic plan regarding targeting your audience as per the nature of the books you sell.

Additional Tips to Sell Books on Amazon

  • Research the genres and categories that sell most prominently on this platform.
  • Check out Amazon’s best-seller books category.
  • Be assured about the condition of your books.
  • Take care while packing and shipping the books.
  • Always try to fulfill your orders on time.
  • Always keep your prices competitive to beat your competitors.
  • Continuously monitor your overall performance.
  • Try to sell in-demand and top-selling books categories.
  • Always keep an eye on your inventory.

Conclusion

This is how you can sell the book on the Amazon book bazaar. Believe it or not, Amazon is one of the world’s biggest book-selling platforms. Today, several sellers are into the book-selling business on this eCommerce platform. Amazon has a diverse range of book categories such as literature and fiction, higher education textbooks, society & social sciences, biographies & autobiographies, Asian history, politics, kindle store, and kindle books.

As an Amazon seller, you can also sell books from these categories. If you are interested in writing, you can even get your book published on Kindle. Alternatively, you can publish your book from a publisher and then sell it on Amazon.

However, if you are a seller, this platform allows you to sell new, used books without ISBN (International Standard Book Number is a thirteen-digit unique number that has been used to identify books on an international level), textbooks, rare books, and ebooks. So what are you waiting for? If you have an interest and source to sell books on Amazon, you can go for it.

Product Research Tips to Open the eCommerce Opportunities!

Product Research Tips to Uncover the Ultimate eCommerce Opportunities!

The mega opportunistic eCommerce industry is quite attractive for millions of sellers. But the biggest challenge is deciding what to sell to make the most of this alluring business. One excellent product idea can make you the king of this online business. However, the manifestation of that one product idea doesn’t come to your mind quickly, and you can not wait to let it strike your mind. You have to make it happen before establishing yourself as an eCommerce seller.

Once you decide that you are going to enter this industry, you need to analyze the whole market, and one thing that matters the most is product research. However, today you can sell anything on online marketplaces. But the fact is that during the initial period of your business, you need to offer something beneficial and authentic to your potential customers.

Always remember that you are not the only one in this realm; so many other sellers are already selling the same product that you may plan to sell. This is when you require to go through robust product research. Here in this blog, we will uncover some of the terrific product research tips you can use to sell the most demanding products on eCommerce platforms.

What is Product Research?

Before knowing the tips of product research, it is essential to know what actually product research is. Well, it is a practice by which you can discover a new product idea that can prove valuable for your eCommerce business. This method can help identify your product idea that meets the market demands and customers’ requirements.

Implementing product research can provide better results on ROI(return on investment) on your product. Product research involves gathering all the essential information about your targeted customers’ buying habits, requirements, demands, and what they like to shop more. Respectively, the product research method can help you to analyze the product concepts, competitors, and pricing.

Incredible Tips for eCommerce Product Research

Analyze In-Demand Products

In the starting phase of your online business, if you do not yet have any product idea in your mind, you can get inspiration from current in-demand products that fall into the bestseller category on prominent marketplaces such as Amazon and Flipkart. You can visit some of the famous social media platforms such as Facebook, Instagram, and Pinterest to check out their trending hashtags, and you might get enormous product ideas from there.

You can visit some brick-and-mortar stores to analyze customers’ most demanding products. Open your mind and analyze wisely which products are currently popular among the customers. Try not to convince yourself that your product idea is better than others. Do not underestimate the ongoing trends and demands, or you may put yourself at a loss. Once you get a product idea, you may require inventory management software to adjust your inventories on multiple eCommerce platforms automatically. In this regard, you can subscribe to eVanik OWS.

Read Out the Feedback and Reviews

While researching your products, you must read customers’ reviews and feedback on any prominent eCommerce platforms. Reviews can become the best way to evaluate the requirements and tastes of customers. You may develop a better understanding of what your customers like and what they do not like while shopping from an eCommerce platform.

You can visit Amazon, one of the giant eCommerce marketplace, and read out the feedback and reviews on their best-selling products. Customers often use this section to explain what they like and dislike about a specific product and what they recommend to make changes to buy that product again in the future. This practice can give you a broad idea of how customers think throughout their buying process. There are possibilities that you may land on an excellent product idea while analyzing feedback and reviews of customers. It can even provide you with an idea of what problems customers are facing, and you can take advantage of it by resolving them for your potential customers.

Check-Out B2B Marketplaces

Believe it or not, B2B marketplaces are a bonanza for attaining a new product idea for your eCommerce business. Various B2B marketplaces can expose an enormous number of product ideas that you can apply to your online business. Moreover, B2B marketplaces allow you to add any product to their cart, and you can source your supply directly from the eCommerce marketplaces if you like any specific product to sell.

Indiamart, Udaan, and Trade India are some of the few B2B marketplaces that can directly connect you with manufacturers, suppliers, and wholesalers from all over the country. These platforms have thousands of products you can explore and select to start your eCommerce journey. Exploring B2B marketplaces can be an excellent way to know what B2C platforms are selling. It is because most sellers only source their products from a B2B platform. Hence It can be one of the best tips for product research.

Become a Watchdog of Your Competitors

To make your eCommerce business successful and choose a niche product to sell, it is best to watch out for your competitors or other sellers to know what they are selling and what strategies they are applying to their business. But the fact is you can not analyze the journey of any typical sellers who are just doing good. You may require to go out of your way and find out the most prominent sellers or brands, for that matter, who have already come a long way and have a reputation in the market.

Take the help of google and other search engines of eCommerce platforms to analyze the top trending products and their sellers. Get inspiration from them but try to make a robust product plan that can help you in beating them and attract more customers. Also, it is not necessary that what works for them will work for you; if they are selling a most demanding product, you must try to sell such products that may have more potential to fulfill customers’ current requirements.

eCommerce Product-Based Criteria to Watchout Before Start Selling

  • Must analyze the product size and weight before selecting a product to sell on various marketplaces.
  • Check out the durability of your product.
  • See whether your product is seasonal or you can sell it throughout the year.
  • Check whether your product is helpful for the customers in terms of resolving any specific problem.
  • Must get assurance from the marketplaces if there are any restrictions on selling a selected product.

    These are a few product-based criteria that you must follow before selecting a product to sell on eCommerce marketplaces. You need to understand the fact that even an excellent product idea is worthless if there is no demand for that in the market. Obviously, you do not want to spend your money on products that don’t have the potential to attract customers and make your business valuable.

Conclusion

Thus, product research provides you with the immense opportunity to identify an appropriate product to sell and avoid making expensive mistakes. This technique can ensure that whatever product you select has a demand in the market and customers are looking forward to buying them. Once you get done with your product research, you need to fulfill the demands of your customers in a much more effective and quick manner. In this regard, you may require to get along with an order management software for eCommerce that can automate your backend operations such as payments, accounts, inventories, shipping, and returns. eVanik OWS can help with it most effectively.

Last Mile Delivery & Its Importance For eCommerce Business!

Last Mile Delivery & Its Importance For eCommerce Business!

In this fast-paced digital world, everyone wants to get their work done in a speedy manner. The emergence of the eCommerce industry has increased the expectation of fast order delivery to customers. Today they can think about same-day delivery if they want to get any product on an urgent basis or want to gift any specific item to their loved ones. Some prominent eCommerce channels, such as Amazon, Flipkart, Snapdeal, etc., offer their customers same-day delivery services.

A decade ago, consumers didn’t have this liberty, but today due to the paradigm shift in the eCommerce industry, customers can expect their order at their doorstep right after a few hours of order placement. Because of the speedy shipping and last-mile delivery feature, the customer experience has become far better than ever before. It would be best if you also took advantage of this quintessential feature as an eCommerce seller.

Last mile delivery is specifically designed to deal with the hurdles of the last delivery phase when a product reaches the customers’ doorstep from the warehouses. This approach has pushed eCommerce sellers to cope with changing customer demand for speedy delivery. This blog will teach you about the aspects of last-mile delivery and why you need to implement it in your business.

What is Last Mile Delivery?

Whenever a customer places an order via any eCommerce marketplace, the product reaches their doorstep from the manufacturers in three different phases of delivery.

  • First Mile Delivery: First-mile delivery is about receiving a product from a manufacturer through a courier partner and storing it in a warehouse or at any distribution center.

  • Second Mile Delivery: Second-mile delivery is also known as the middle mile delivery of products from a distribution center or a warehouse to the fulfillment center where customers can get their products delivered.

  • Last Mile Delivery: The last mile delivery refers to getting the products from the final destination from a courier partner, which can be the sellers’ home, fulfillment center, or any nearest center, and then delivering them to the customers’ doorstep. The last mile delivery system assures the product reaches the customers’ place within the promised time.

    Now, if you are still wondering why last mile delivery is so essential for your eCommerce business, here we mention numerous points that can help you understand it better.

Requirement for Last-Mile Delivery For eCommerce Business

Fulfilling the Urgent Requirement of Customers

In the fiercely competitive world of eCommerce, speed is a significant concern today. Customers want their products delivered within a few hours of order placement. To fulfill the customers’ urgent requirements, as an online seller, you need to speed up the delivery part. We can say that delivery speed is a huge concern for online sellers. According to a survey, more than 42% of consumers are willing to pay extra money for same-day delivery. Last-mile delivery can help you attain an intensified delivery speed.

However, getting along with a reliable logistic service provider will be best to implement a last-mile delivery factor. Before that, you may require an online order management software that can automate the backend operations and thus enforce speedy delivery. In this regard, you can get along with eVanik OWS; it can handle all your backend operations such as payment, inventory, shipping, and returns.

Building a Loyal Customer Base

The enormous success of your online business depends on how many loyal customers you have and whether you can fulfill their demands on time or not. However, building a robust and loyal customer base in the eCommerce industry is complex. For this, you need to understand the requirement and shopping behavior of your customers. The requirements and demands may vary from customer to customer, but one thing can be constant: on-time delivery.

If you cannot deliver their order on promised time, you may quickly lose them. If you want to win the hearts of your customers, you may have to implement last mile delivery solution for your online business. If you can fulfill their demands on time, they may also repurchase a product from you in the future and can become your loyal customer too.

Customers Prefer to Track Orders

Unlike a physical store, customers can not simply visit your store and buy products; they need to place orders and make payments without analyzing them. So what they expect is at least having a track of their orders. Order tracking relaxes them and assures them that their order is on the way and will be delivered to them promptly.

Providing tracking features to your customers can also help increase your revenue because they get back to you repeatedly. Based on research, more than 80% of customers prefer to shop from those who provide them with a last-mile delivery tracking feature. So you need to indulge with a courier or logistic partner that can provide your customers with a last-mile delivery tracking solution.

Challenges of Last-Mile Delivery

Provide Faster Delivery

For faster and more efficient delivery, the last-mile delivery solution requires an intelligent strategy to follow. As a seller, you must have wondered if the order may get delayed for any specific reason. Well, your question is correct, it can happen, but the best you can do is to attain a fulfillment center near your targeted customer locations.

For instance, if your targeted customers reside in Delhi, you should store your products in any fulfillment center in the city. It can help you with the fastest last-mile delivery option. Apart from that, you can even distribute the orders into small individual deliveries.

Visibility can Become an Issue

As an eCommerce seller, you might feel that providing complete visibility throughout the delivery process can become problematic. However, some prominent eCommerce platforms can help you with this as they provide last-mile delivery tracking features to their customers. But the problem is customers want to track the entire delivery process, and it can not be done without the help of enormous tracking software.

Several software solutions available in the market provide comprehensive tracking solutions to your customers. It can provide them with the estimated time and location of their order. Several food apps such as Zomato and Swiggy are using this tracking solution.

Cost Management can Become a Major Concern

If you plan to divide the orders into small and individual parts, it can become quite costly for you as you will require delivery partners for each order. On the other hand, same-day delivery or order delivery within one or two hours of order placement can also put you in a stressful situation and may affect your budget also.

However, suppose you are an Amazon seller. In that case, you should take advantage of Amazon’s FBA (Fulfillment by Amazon) service. They can handle the entire shipment and delivery for you and provide speedy last-mile delivery to your customers. However, you need to pay a small FBA charge to them, but it can be cost-effective for you.

So this is all about the last-mile delivery; it is not rocket science; it is simply a delivery process that can effectively help you deliver the orders quickly to your customers. Various other aspects, such as robust inventory management software, can help speed up this process. Such software can clarify every available or unavailable product in your stock and save you from overstocking products. Hence if you have clarity over inventories, you can effectively speed up the order fulfillment process and implement a last-mile delivery service.

Conclusion

You must understand that a last-mile delivery service requires advanced and automated software to execute the process accurately and efficiently. However, this innovation comes with the cost of integration. Various software, whether an order management system, inventory management software or even a las-mile delivery software, can speed up the last-mile delivery process and deliver the product to the customers on a promised delivery date or time. For backend operations automation, you can subscribe to the eVanik OWS. Automating the various eCommerce aspects can eventually intensify the order fulfillment process.

Avoid These Seven eCommerce Mistakes & Let Your Business Thrive!

Avoid These Seven eCommerce Mistakes & Let Your Business Thrive!

We all are human, and humans tend to make mistakes. But when you are planning to get aboard in the eCommerce industry, you can’t afford to make continuous mistakes. A study says that approximately 75% of new online businesses fail because they fail to avoid these mistakes. Since the eCommerce industry is a cost-effective business, you may underestimate the risks and mistakes in the beginning. However, starting an eCommerce business, you have to focus more on survival than on the other aspects of this business.

Some of you may make mistakes unknowingly in the initial stage of your business, and it can affect the growth of your online business later. As a seller, you have to make sure that you are capable of providing top-notch services to your customers. Customers have thousands of options available, and somehow, if you miss a chance to fulfill their orders efficiently, they may simply switch to your competitors. To tackle this situation soundly, you must know the eCommerce mistakes that you need to avoid in terms of managing your business effectively and efficiently. In this blog, we have mentioned seven eCommerce mistakes you must avoid.

Seven eCommerce Mistakes That You Must Avoid

No Market Research Before Starting

If you are about to start any business, it is essential to do some research before your start. Specifically, it is necessary to research the latest market trends in the eCommerce industry. It is one of the sellers’ most common mistakes before starting their eCommerce business. Suppose customers are more likely to buy products from the latest trends and you’re launching a new but outdated product on marketplaces; who will buy them? Undoubtedly, no one, and if some may, but then also it can’t provide you the expected ROI. Market research does not only refer to research only about the latest trends, but you also need to rotate your eyes on the other aspects as well, such as what your competitors are selling and what customers prefer more to buy from an eCommerce platform.

Selecting a Wrong eCommerce Platform

You must choose the right platform to start your online business as an eCommerce seller. It is essential because it is the base of the eCommerce business. Suppose you fail to choose the right platform. In that case, you may lose the heavy opportunity to make your business successful in generating revenue and making an enormous customer base. As a startup, you must choose platforms with a solid customer base and credibility in the market, such as Amazon, Flipkart, Myntra, etc.

These prominent platforms have the potential to accelerate the growth of your online business and make it stand out from the competition. As a new seller, you must know the nature of whichever platform you choose to sell your products. Look closely at what categories they are offering and what charges they will deduct from your every order.

No or Less Promotion of Product

If you are new to the marketplaces and customers are not aware of your products, then it is crucial to run promotions related to your products. It is evident if customers won’t get to know about your product, how they will buy it. So in this scenario, you need to make several promotional strategies to make your customers aware of your product. It can be one of the sellers’ huge mistakes in not promoting their products at all. In lack of promotional activities, your business may fail, and you won’t be able to re-establish your online presence.

Why take such a risk when you still have the chance to make it a successful affair for you. Several platforms offer promotional features to their sellers, and you just need to invest a little amount and go with the flow. Promotions can effectively attract customers and let it survive at multiple eCommerce sites. Believe it or not but promotions are the crucial step in establishing an online business or launching a new product.

Lack of Inventory Management

As an eCommerce, you may start selling a small number of products, but as soon as your business starts expanding, you have to manage your inventories first. Inventory management is imperative for any eCommerce business, especially if you want to become a multichannel seller and sell your products on various platforms. Due to the poor inventory management, you can not only miss out on a solid customer base but may also lose on a heavy revenue generation factor.

So it is better to get along with any powerful inventory management software such as eVanik. Such software can provide you with real-time inventory reports. Getting along with software can also save you from overstocking. Apart from that, it effectively helps with reconciling the other inventory-related issues.

Complicated Checkout Process

In the eCommerce world, acquiring the buy box section is essential. To reach this section, you need to ensure that your customers can quickly checkout and buy your products. If the checkout process is complicated and not preferable for the customers, they might not buy your products or simply abandon the cart. To escape this situation, you need to check if the eCommerce platform is offering prominent payment modes or not. There should be the option of credit, debit, Upi, and cash on delivery feature on the platform. Apart from that, if there is any buy now pay later option, you must acquire that also because it can attract customers and make them buy your product even if they don’t need it.

Ignoring Customers’ Feedback

Various sellers on major eCommerce platforms don’t know the necessity of replying to customer feedback or making product changes according to customers’ preferences. This is the reason why they aren’t able to make enough sales. Thus it is one of the biggest eCommerce mistakes that most sellers make today. If you are in the process of selling your products on multichannel or have already started your journey, you should give importance to the feedback of customers.

Understand that you are in this business for customers, and your business may survive because of the customers. So there is no denying the fact that you must focus on what your customers are saying. Must reply to their reviews, in this way you make them feel special and they may become your loyal customers.

Clumsy Product Listing Quality

Apart from all other mistakes of the eCommerce business, meager product listing quality is the specific one, and it can ruin your entire hard work if not done correctly. Most sellers do not focus much while listing their products on any eCommerce channel. They don’t see whether the description is suitable, the title is accurate, and whether the product quality is good or not.

Be aware if you are also doing the same because it can negatively affect your entire business. Think from a customer perspective, will you buy such products that have a poor appearance? It might not make sure that you are adding good quality images, embellished descriptions, and attractive product titles along with the relevant title.

Conclusion

Making eCommerce mistakes is inescapable, and you may struggle to get back on track and make your robust online presence as a prominent seller. However, if you are in the learning process, you must consider the above points and try to resolve them as soon as possible. You can not afford to indulge in such mistakes if you envision expanding your online business and making it successful at any cost.

While associating with the eCommerce business, you need to put your customers first and provide them with a pleasant buying experience. Try to know the customer’s shopping behavior and fix all the hurdles coming in the way of order fulfillment. In this regard, you can subscribe to any automatic order management software such as eVanik OWS to eliminate several issues and speed up this process.

Top Five Inventory Management Techniques and Their Pros & Cons!

Top Five Inventory Management Techniques and Their Pros & Cons!

As an online seller, you should know that inventory is an essential factor of an eCommerce business. Mismanagement of inventory can destroy your business in so many ways. If you do not realize the importance of inventory management during the initial period of your business, you may lose your value among the customers on the first attempt only. This is the reason why one should consider the importance of this crucial aspect of online business management.

Without having clarity over inventory management, you can not successfully process the order fulfillment process. The fundamental purpose of eCommerce inventory management is to meet the customer’s demand without gathering an overstock and to escape the situation of stock out. To execute this significant process accurately, you must know about several inventory management techniques. Apart from various techniques, you can also get along with an eCommerce inventory management software that provides authentic and precise information about your inventories. In this particular blog, we have mentioned some of the effective inventory management techniques and their pros and cons as well. It can help you manage your inventory and select the best technique for your business.

Five Effective Inventory Management Techniques with Their Pros & Cons

1. ABC Inventory Management

It is one of the most effective inventory management techniques; through this procedure, you can keep your products in order of importance. ‘A’ refers to the most valuable, ‘B’ stands for moderate valuable products, and ‘C’ stands for least valuable products. Because every product can not stand for equal value, and that is why your priority should be paid to the most popular products in your inventory. This technique’s major factor is selling the most valuable products in the first go. Here are some of the pros and cons of this technique that can help you determine whether it is an effective inventory management technique for you or not. You can segregate your products into the ABC category by multiplying the annual number of products sold by cost per item and finding the annual usage value per product.

Pros:

  • This technique can help forecast demand by closely analyzing a top popular product over time.
  • It offers effective time management and resource allocation.
  • It can help in determining an excellent customer service approach.
  • ABC inventory management technique enables inventory accuracy.
  • It can help in implementing strategic pricing for your products.

    Cons:

  • The disadvantage of this inventory management technique is that you may not be able to follow the current trends because your priority will be selling the most valuable items first.
  • This technique may require human resources and more time to segregate the products as per their value.
  • This procedure may require more accurate data collection and measurement.

2. Just In Time (JIT) Inventory Management

Just-in-time inventory management techniques are also considered an effective method. In this process, sellers only receive products from a third-party supplier when they need them. You can say that the primary objective of this technique is to increase inventory turnover and reduce inventory holding costs. This method requires strategic planning for order fulfillment till it gets delivered to customers. Most eCommerce sellers use this method to eliminate inventory wastage. Although this effective technique also beholds significant pros and cons, which we have mentioned in the following points.

Pros:

  • This method is highly effective in eliminating inventory wastage.
  • It also decreases the warehouse inventory holding charges.
  • This technique requires less investment because one only acquires the limited and essential products to sell.
  • JIT inventory management method allows having complete control over the manufacturing process that works on a demand-pull basis.

    Cons:

  • One of the primary disadvantages of this method is that you may experience difficulties fulfilling the order on time.
  • This technique beholds the immense risk of the stockout situation.
  • In any disruption, the just-in-time method can drastically affect your business because there will be no excess inventories to fall back on, and your sales may halt.

3. Backordering Inventory Management Technique

Backordering is another inventory management technique that allows your customers to place an order even if it is out of stock or you do not have sufficient stock of that product. eCommerce sellers implement back ordering when they experience a sudden increase in sales or sell significant products faster than you can stock them. It can be considered as the most common and efficient practice that can be used by online sellers whenever they face a surge in demand. In other words, you can say that backorders are a manifestation that indicates the demand for a product exceeds its current supply rate. In this scenario, you directly send the product request to your vendors, and they fulfill your request, and you then you can ship them to your customers. However, this process also has some pros and cons. Let’s’ check them out.

Pros:

  • This Inventory technique can help you with maintaining the revenue flow in the high-demand low stock situation.
  • It can help you fulfill the customer’s demand even if there are not enough products in your stock.
  • It provides more flexibility to small eCommerce sellers.
  • This inventory management technique minimizes the risk of overstocking.

    Cons:

  • Involvement with this method can highly affect the customer satisfaction rate because of the delay in the fulfillment process.
  • This technique involves a massive chance of order cancellation and refund requests.
  • You may lose your existing customers along with the potential ones.

4. Bulk Shipment Inventory Management

In the entire eCommerce inventory management process bulk shipment method is highly recommended to sellers to meet the higher customer demand in less time. It is cost-effective as buying products in bulk always becomes cheaper in terms of shipment as well. We can say that the bulk shipment inventory management technique is ideal for predominant products with higher customer demand and long shelf life. Let’s find out some of the pros and cons of this inventory management technique.

Pros:

  • The bulk shipment inventory management technique involves a high potential to generate maximum revenue.
  • Though this method allows bulk shipment, hence eventually lowers the shipping costs.
  • It works effectively for prominent products with particular demand and long shelf life.

    Cons:

  • This inventory management technique requires a hefty investment.
  • It increases the essential holding costs for product storage.
  • In this method, it can be challenging to adjust the inventory during the time of demand fluctuations quickly. However, to escape such a situation, you can take the help of some inventory management software such as eVanik OWS.

5. Consignment Inventory Management

In this inventory management technique, the wholesaler has legal ownership of the products, and the sellers are not required to pay for them until they are sold. In this method, sellers can even decide to return any unsold inventory without worrying about financial loss. The most crucial aspect of this method is to manage the consignment inventory so that it moves quickly and efficiently from a wholesaler to the sellers and then to the customer’s doorstep. Lets’ see what the pros and cons of this technique are.

Pros:

  • This inventory management technique allows you to offer your customers a more comprehensive product range.
  • It may decrease the wane time of restocking the products.
  • A seller can also return the products in case of no sale without paying a penny to the wholesaler.

    Cons:

  • Consignment inventory is difficult to manage on a spreadsheet due to the constant movement. However, an online inventory management software such as eVanik OWS can help you with it.
  • A wholesaler may own the stock, but the seller will be responsible for storing them and paying the warehouse.
  • You still have to pay for the warehouse space if there is no sale.

Conclusion

Hence, these are some of the profound inventory management techniques you can use while associating with an eCommerce business. Indeed there are pros and cons to every method, but still, you can choose one as per the nature of your business or whatever method suits you the best. The fundament is inventory should be managed accurately never to disappoint your customers and maintain the supply chain flow. As an eCommerce seller, you can take the help of any prominent inventory management software like eVanik OWS to avoid the over-stocking or less stocking situation. It provides you with an accurate inventory report to clarify your inventory.

How to Attain Your First eCommerce Sale Without Marketing!

How to Attain Your First eCommerce Sale Without Marketing!

Undoubtedly, the eCommerce industry is snowballing, and this enormous industry has been at its boom ever since the pandemic happened. Customers get used to online shopping and order products on a regular basis. It has been predicted that the eCommerce industry will increase its sales by more than 4.9 trillion dollars by 2024. Market experts have estimated that more than 24 million new eCommerce websites will be there by the end of 2024. This is the reason why sellers are moving their stores to online marketplaces.

However, this scenario will also increase the competition between the sellers. But with the right business strategy and tactics, you will be able to survive in this industry and may generate your first eCommerce sales without marketing. A good business plan and enormous ideas can do wonders for your eCommerce business. As an online seller, your focus should be on converting new customers into regular ones and always presenting something new and unique to them. Apart from that, your backend operations should always be top-notch. In this regard, you can take advantage of any online order management software such as eVanik OWS.

Follow These Essential Steps to Generate Your First Sale

Online shopping has become an integral part of customers’ lives. Specifically, after the pandemic, this platform has grown tremendously. Customers prefer to shop from an online store these days and want to get their products delivered to their doorstep. However, this scenario allows new sellers to start their online businesses and make their first sales. But before making any move, do follow these steps to generate your first sale without marketing.

Select a Unique Product to Sell

Firstly, choosing the right product to sell online is vital in terms of generating your first eCommerce sale. Today almost everything customers need is present on eCommerce marketplaces. The product you select to sell online is the most crucial factor that can help in generating your first sale. Your product must be a considerable item that can convince the customer to buy the product. It would be best to think wisely and on a bigger scale from a future perspective. Remember, once you decide what you want to sell, you need to focus on how to sell them without facing the situation of Oos. To avoid such situations, you can use inventory management software like eVanik OWS. It can help you in compellingly managing your inventory.

Get Aboard with the Right Platform

Selecting the right platform is the primary base of every eCommerce business. Once you choose the right product to sell, you will have to select the right platform. Most newcomers start generating their first sales through prominent websites such as Amazon, Flipkart, Myntra, etc. Always select a platform with a solid customer base, fastest order fulfillment process, convenient payment gateways, and easily integrate with your ERP system. These are some of the vital factors that can help your business grow immensely. In the initial period of your business and in the process of generating your first sale, you can take advantage of Amazon FBA. It can take care of the entire order fulfillment process.

Evaluate Every Move of Your Competitor

To attain your first eCommerce sale, it is essential to analyze every move of your competitors. It can help you to know how well they handle their online business and how many customers are involved. It can also help you to evaluate the market trends and demands of the customers closely. You need to understand that you are not the only one going online and selling your products; thousands of sellers are selling similar products as you are. That is why it will be best if you continually keep an eye on your competitors and analyze their every move. You need to find out the weak and strong points of your competitors and plan your strategy accordingly. It can lead you to a better eCommerce business plan and can further help you generate your first sale.

Promote Your Products on Social Media

It is not a deniable fact that social media is one of the best ways to create a buzz about your online business. To sell your products and generate your first sale, it is necessary to let potential customers know about your product. To promote your products, you can take advantage of various social media platforms such as Facebook, Instagram, Twitter, Pinterest, etc., to promote your products. Create your social media page and share it on every platform in a different mode. You can create your own campaign and showcase it on social media platforms to attain customers’ attention. Promoting your products on such a platform can help you fetch more customers on your product page and automatically increase the chances of sales.

Adequate Inventory Management

While being in the eCommerce industry, it is necessary to manage your inventory robustly. It is specifically essential when you want to sell your products on multiple platforms. You need to keep track of every product you are selling online. Believe it or not, but demand and supply is the most crucial factor of every eCommerce business; you can not fulfill any order if you do not have clarity on your inventory. In the initial period of your business, when you are struggling to generate your first sale, you have to monitor your stocks closely. Make sure that the products listed on eCommerce platforms are available to get delivered to your customers. In terms of managing your inventory accurately, you can take the help of any available inventory management software in the market, such as eVanik OWS. It can automatically adjust your inventory and never let you face the Oos situation.

Conclusion

So what are you waiting for? To generate your first eCommerce sale, you can follow the steps mentioned above. Today, eCommerce platforms provide you with the immense opportunity to sell anything online. So, you just need to take the chase and adequately plan your selling strategies to attain your first sale. Later on, you can also quickly expand your business according to your revenue. In this fast-paced world, moving to the online market is an excellent idea in terms of generating revenue and establishing a robust customer base. You can sell your products 24×7 without any eCommerce platform restrictions compared to any physical store.
Along with generating your first sale, you should also take care of your backend operations. For backend support, you can get along with eVanik OWS. It can easily integrate with various eCommerce platforms and provides shipping, payment, inventory, and return reconciliation facilities.