Top Startups Overcoming Barriers of Early Stage Business!

Prominent Leading Startups Who Overcome the Obstacles of Early Stage Business!

Every Business has its own journey; if it is a startup, one can go through several engagements, conversion, and retention challenges. However, various companies have started their businesses as startups and now have become leading startups. If you see their pathway, you may find it much more resilient to accomplish your business goals. Specifically, in the eCommerce industry, every business model whether it is B2C, B2B, C2C, or D2C, faces daily challenges such as winning the trust of customers, stock management, accounting management, etc. These are several aspects of the eCommerce business that can put you in a difficult position.

However, these problems can be resolved with the help of an automated powerful eCommerce management software such as eVanik OWS. It can help you in resolving these fundamental obstacles of your eCommerce business. In this blog, you will learn about several prominent eCommerce ventures that have started their journey as a startup but have beautifully resolved all the obstacles coming their way and made their strong presence in the market. Here you will also get to know the challenges you may face as a startup company.

Major Challenges as an eCommerce Startup

Talking about the stats, there are more than 150 million startups in the world today. If we talk about India, on average, 10 to 15 new startups are emerging every day. However, it is not about the rising numbers, it is about the survival in this industry. So it doesn’t matter how you have started your business and how much you have invested in it; it can only survive when you have the capabilities to overcome the challenges and obstacles efficiently. Let’s quickly check out the challenges that may come your way to success.

Intense Competition

The eCommerce industry is quite fierce and competitive. You are not the only one trying to make your presence here. Some other giants are already there that have a solid customer base and credibility in the market. There are various options for customers already existing in the market; why would they make a purchase from a new business? They will not visit you until or unless you are not offering a promising product to them. So, in such a scenario, along with introducing a new, unique, robust product, you also need to study the strategies of your competitors closely.

The competitive environment of the eCommerce market keeps the startups on their toes, as there is no margin of error available. That is why startups need to play their game strategically. To gain the much-needed recognition, you may have to take the help of the best eCommerce management software such as eVanik OWS. It provides you with backend support that can make your operations effortless and saves your time so that you can focus more on your competitors and mark your own presence in the market.

Financial Management

Financial management is an essential aspect of any business. You must understand the fact that when a business expands, it becomes more critical to manage your finances accurately. If you don’t know the steps of your cash flow, you won’t be able to make enough revenue. Establishing a secure payment system, efficient bookkeeping, and integration with various marketplaces. In order to compete in this industry, you need to be cautious about managing your finances and should take the help of any robust accounting software for eCommerce such as eVanik OWS. It offers seamless accounting integrations with various accounting and financial ERPs such as Tally, Zoho Books, and others

Customer Satisfaction

Whether it is eCommerce or any other business customers mean everything, that is why it is imperative to provide them the best service. Always remember that “customer is the king” winning the trust of your customers is the essential part of any business. Customer satisfaction is the vital challenge that businesses in general and startups, in particular, are facing today.

If you want to make your online business successful, you have to make a robust customer base. Offer them excellent products and a delightful shopping experience. If you compromise on any of these aspects then you must be aware that the customers are smarter than you, and you should be prepared to lose the customer. Ignoring customer satisfaction is definitely a ‘NO’ to mark your recognition.

Some of the Most Astonishing Leading Startups

Myntra

Myntra has become a frequent shopping destination for customers all over India. It’s majorly known as the fashion eCommerce website. It was founded by Mukesh Bansal, Ashutosh Lawania, and Vineet Saxena in 2007. The head office of Myntra is situated in Bengaluru. With a vast customer base, it has become one of the prominent eCommerce websites for sellers to sell their products. Today, who doesn’t know about Myntra, but the success they have achieved doesn’t happen overnight. They have worked hard with an intelligent strategy and with the help of advanced software. Their journey is undoubtedly phenomenal.

But if we talk about their challenges, initially, sellers have faced many challenges in managing their inventory on this platform. Because they were new to this industry, they didn’t know much about stock management. For instance, any new startup can face this situation, but today as a startup, you have the option to use any powerful inventory management software available in the market. It can provide you with all the information regarding your stocks, whether how many products are in your stock and how many you need to refill.

The Body Shop

The compelling Journey of The Body Shop is such an inspiration for every new startup. Today it is one of the leading cosmetic brands in the world. It is a British cosmetics, skincare, and perfume company founded by Anita Roddick in 1976. The Body Shop took time to make its market presence, but it has achieved the customers’ trust and is known for its excellent products.

It is serviceable in approximately three thousand locations all over the world. They have slowly improved their conversion rates by analyzing customers’ behavior on the website. Apart from that, during the establishment period, this company faced significant challenges in creating its market presence among its biggest competitors, such as Loreal, Lush, Weleda, etc. So what they did was start producing chemical-free products and totally different from their competitors.

Chumbak

Chumbak is a prominent home decor and lifestyle brand in India. Vivek Prabhakar and Shubhra Chdda founded it in March 2010 to create fun and colorful Indian souvenirs. It has grown into a lifestyle brand with locations in Bengaluru, Mumbai, and Delhi. It has its flagship store in these locations as well. Customers can place an order from their website as well as from their stores. They always wanted to improve customer engagement as they scaled up their Business. They resolved their product discovery and conversion challenges and successfully increased their conversion by 14%.

But if we talk about their struggle, it has been really tough for them to attract customers towards their products in their initial period. They have launched entirely unique souvenir designs and slowly converted themselves into a lifestyle brand by offering footwear, bags, wallets, and other home decor products. It took time, but slowly they became successful in attracting customers with their designs and the bright colors they use for their products. Today this company sells approximately 38 categories of various products.

Conclusion

So these were some of the prominent leading startups that gradually evolved their Business on digital platforms. You can closely analyze their journey and then find some compelling strategies to apply to your Business. If you want to start your business on a smaller scale, you can mark your presence on several eCommerce websites as a seller and then slowly expand your Business to the next level.

This process requires a lot of focus, solid strategy, hard work, and automated eCommerce software to ease the several initial steps of your Business. If you want to start your journey as a seller, you can take advantage of some powerful eCommerce management tools such as eVanik OWS. It can help you with inventory, accounting, payments, returns, and shipping as well. It easily integrates with your system and automates these processes to minimize the various human errors.

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.

New Era of Shopping: Digital Mall & its’ Alluring Features

Digital Mall and its’ Alluring Features: New Era of Shopping is on the Way!

How frequently do you visit any physical mall? Maybe once or twice a month or even less, right? Well, this answer could be relevant to many of you because most of us do our shopping on weekends and it is impossible to go shopping every weekend due to any circumstances specially post pandemic. That is why most of us prefer to shop online. Every little thing, whether it is groceries, vegetables, medicines, clothes, beauty products, etc. we are all dependent on online marketplaces from the safety and convenience point.

Regarding the digitalization of the retail sector and the particular changes in customers’ demand, the Indian market is going ahead with expanding its shopping mall into digital omnichannel platforms. Customers can shop online for any significant product from their favorite shopping centers in the coming months. For example, if customers are prone to shop their apparel from a Lifestyle store, a digital mall provides them the liberty to buy their favorite products here by sitting in their comfort zone. Isn’t it amazing? In the coming days, they do not need to physically appear at any mall to do their physical shopping. In this particular blog, you can know more about digital malls and their exciting features.

What is a Digital Mall?

The name has it all, and the digital mall is a virtual version of a brick-and-mortar shopping mall. It will have its app and website with each product category that is available physically inside a mall. Customers can visit those websites and place their orders by making an online payment. The best part of Digital malls is that customers can get orders within a few hours. Online malls are designed in a format of online product search, which can help customers order the products through multiple channels. With the help of an app and the website of the store, customers can analyze whether the product they want is available or not. If the product is available, the consumer can place the order and pick it up from the mall itself in no time.

This entire process has become possible because of a direct data link between the mall and the inventory management of the stores. Through high-speed electronic technology, Digital malls can receive information about the available products in stock and then update their apps and websites accordingly. Sellers can move their business to this model and can generate revenue in the minimum period. While adopting this business model, sellers can take the help of some bulk order processing software such as eVanik OWS. It can help you with order processing in an automatic manner.

Some Alluring Features of a Digital Mall

In the digital industry, if a significant thing doesn’t contain any appealing features to attract customers, it can not survive. So if we are talking about the upcoming shopping era of Digital Mall, it must have some excellent features. Here in the following points, we are going to mention some of the quintessential features of Digital Mall.

Advantages of Video Shopping

We can say that digital malls will be the extended version of eCommerce platforms. Here customers will not only be able to view the images of the products, but they have the liberty of video shopping as well. They can sit back at home and purchase the products via video calling. Consumers can call the sales executives and check out the products on the live video and clarify their doubts if they have any. This feature is not only beneficial for customers but for sellers as well. They can now closely represent their products to their customers and elaborate on every little detail of the significant product.

Hyperlocal Fulfillment Facility

It is one of the best features of a Digital mall; unlike any other eCommerce platform, now customers do not have to wait a long time to deliver their orders. Digital malls offer same-day delivery right after a customer places their order. If a customer is staying within a radius of 10km from the mall, they can get their orders in a few hours only. Digital malls provide the shortest wait time to their valuable customers. As a digital mall seller, you need some trusted courier agents who can successfully pick up the products from you and then deliver them directly to the customers’ addresses.

Click and Collect

The digital mall allows placing an order through the app or website and then collecting it from the mall. Well, some stores like Shopper Stop, Lifestyle, Home Town, Home centers, etc. are already providing this service to their customers. But we can say that it is not popular among most the customers. Once the Digital mall is functional, customers can leverage this service. On the other hand, sellers can save a lot of money because of this service as they do not have to pay the courier partners.

Store Returns

Well, digital malls have specific features for their customers as well as for their sellers also. This may not be a good feature for customers, but it is definitely a tremendous one for sellers. Unlike a traditional eCommerce store, it can save you from investing your money on reverse logistics to pick up a returned item from customers’ doors. If a customer wants to return a product, they have to visit the store. There is no pickup facility for returned items. As a seller, you can instantly grab the returned item and showcase them again for the next sale.

Why it is a Great Business Model for Online Sellers

Analyzing Customers’ Behavior

As a seller, if you want to establish your store at a digital mall, then it is essential to analyze your customers’ shopping behavior. The digital mall provides insights that can be highly beneficial for your business. You can optimize your inventory and generate enough sales based on customers’ past shopping behavior. However, for this, you need to take the help of any inventory management software such eVanik OWS. it can help you in attaining real-time updates. You can ask the digital mall to provide you with the data of your customers.

Offer Loyalty Programs

You can preserve your customers for a longer time as a seller by implementing loyalty programs. You can offer to use the loyalty points to your customers for their next purchase. You can also introduce newsletters to inform the customers about your latest collections and offers. It can help them to get familiar with the latest trends.

Hassle-Free Payment Management

Payments have always been a critical part of any online business. But here at the digital mall business model, you do not need to worry about payments. You can accept payments through every possible method, whether it is debit or credit card, AMEX cards, UPI payments, wallets, and net banking as well. It can also benefit customers, as they have various payment options. If we are talking about the payments, we must also talk about the accounting part. To manage your finances, you can take the help of accounting software such as eVanik OWS.

Conclusion

Thus, digital malls can prove to be a new era of shopping. This business model is expanding rapidly outside India and will soon be on the rise in our country. In the current scenario,few malls and stores are working as digital malls as well. Every mall can offer this facility to their customers in the coming time. If you are planning to be a part of the digital mall, it can add a golden feather to your business. It has every possible facility that customers require these days. Thus, you can undoubtedly generate handsome revenue by adopting this model.

5 Ways to Grow Average Order Value of Your eComm Business!

5 Fantastic Ways to Grow the Average Order Value of Your eComm Business!

In the eCommerce business, what matters the most is the amount customers pay at the time of the final checkout process. It determines your average order value. Suppose you have fixed Rs100 for your product but when the customer is going to buy it, they pay only Rs 95 as they might have some coupon or other offers. In this scenario, your revenue will also get impacted. That is why increasing your average order value is essential if you want to grow your business without any hurdles. It is no secret anymore that increasing your average order value is a crucial metric to track for an eCommerce business.

But sellers usually try to hike their overall conversion rates by improving their product quality, delivery speed, and other aspects of online business. Generally, they don’t even consider AOV (Average order value). If you are one of them and have not realized the importance of AOV, you should understand that AOV is critical in raising your overall revenue. Once you learn the tactics to grow this essential part of your business, you won’t have to invest a heavy amount in marketing and paid advertising. This blog will teach you more about average order values and some impeccable ways to grow them efficiently.

What is the Average Order Value?

It is saddening if you are an eCommerce seller unaware of the term Average order value. However, here we are to help you understand it in a better way. The average order value (AOV) is the average amount the customers spend for each purchase. You can measure AOV by dividing the total revenue you generate by the total number of customers’ orders. In such a manner, you will be able to find out the average order value of each product. You must know that the average order value is the essential KPI for sellers as it provides an insight into the customers’ buying behavior, total spending on advertisements, and even product pricing.
Five Proven Ways to Improve Your Average Order Value

Now you must understand what is Aov(average order value) is, but you may not have the understanding to improve it. Here we present five fundamental ways to help you improve your average order value. So without further ado, let’s dig into the solutions.

Identify the Demand of Your Customers

When there is a demand, everything essentially becomes a necessity. For example, if your grocery is running out of stock and you visit a grocery store, you will find that you are coming out with several other items that were not even on your list. So it is an excellent opportunity to increase your average order value by understanding the demand and needs of your customers. As an online seller, you must consider the necessity of your customers.

Understand the need and then come up with an excellent product idea. Apart from that, you must ensure that your products can make a difference in your customer’s life. It will be best if you focus more on your customers’ needs. Once you can pinpoint their demand and need, you will better understand what product you should sell and what tactic you should apply to attract more customers. In the process of identifying the demand of your customers, you can take the help of inventory management software such as eVanik OWS.

Implement the Cross-Selling and Upselling Method

These two are the most terrific way to grow your average order value. First, let’s know about the cross-selling method; in this particular method, you need to add complementary products with the originally purchased product. Suppose a customer buys a camera, then you must add a mike or tripod with it. If the customer feels the requirement, they will buy all three together. Eventually, it will increase your average order value. However, in the upselling method, whenever a customer views any specific product, they can also view some other products lying beneath. It encourages them to buy an expensive product or more than one product at once.

Try to Sell the Products in Combo

To increase your AOV(Average order value), you should offer combo products to your customers. You can create several combos at the lesser value of their individual price. It is another way that can help hike up your AOV in an outstanding manner. Sell the combos of three to four products that customers find helpful for themselves and cost-effective as well. It will help if you offer a combo of products with an all-in-one solution for your customers. For example, you can make a combo of a gas stove, lighter and essential items related to this specific product. Customers can find it more convenient to get all the products in one place, as it also eliminates the need to do more searches and buy every product individually.

Run Limited Period Offer

Several prominent eCommerce platforms such as Amazon, Flipkart, Ajio, and Myntra are using this brainy technology to increase their average order value. They allow the sellers to run a short advertisement period by labeling their products under “Limited Period Offer.” It is considered a practical approach to increasing AOV. You can use this tactic on those customers who have abandoned your cart just because they find the product much more expensive. As a seller, you can target those customers and send them an email by offering the same product at some specific discount. Apart from that, you can showcase several expensive products under the label of a limited period offer at a high discount rate. Believe it or not, this specific tactic can make your customers buy more products instead of just one.

Apply the Minimum Cart Value “Free Shipping” Tactic

It is another helpful tactic that one can use to maximize their overall AOV. Direct can use this tactic to consumer businesses. They can set a minimum cart value and offer their valuable customers free shipping or other attractive offers. For instance, If they sell the maximum products of 250rs, they can limit the cart value to 500rs. To save money on shipping, customers can buy more products instead of just one, and it can ultimately increase your average order value. Whether it is an online business or an offline business, customers around the world love to have different deals or offers.

Hence, these are a few fabulous ways to grow your average order value for your eCommerce business. Above mentioned ways can help you immensely with AOV and make your customers happier.

Conclusion

Monitoring and measuring the average order value regularly is crucial for any eCommerce seller. It can not only improve your overall revenue. Still, it can stimulate your business and marketing decision-making and offer a maximum return on every penny you spend on several advertisements and marketing campaigns. To upsurge your AOV, you must focus on customers already buying from you. You need to boost their requirements and make them purchase more products than those they have already added to the cart. To implement this process successfully, you need to help them discover new relevant products.

So instead of spending a lot on ads and other tactics, you should simply go for the ways mentioned above to increase your average order value and add a golden feather to your online business. If you cannot calculate your AOV or any other financial reports, you can take the help of eVanik OWS as accounting software. It integrates with your system and provides crucial information regarding your online business. You can also use this software for inventory management, payment, shipping, return reconciliation, and accounting.

How Does Meesho and Other eCommerce Reselling Apps Work in India!

How Does Meesho and Other eCommerce Reselling Apps Work in India!

During the COVID-19 pandemic, life put us all on lockdown. According to research, more than 65% of customers still do not prefer to visit a brick-mortar store. This was when sellers and brands planned to sell online, and they adapted the eCommerce platforms and apps as their ammunition. During this period, India’s eCommerce business tendency is snowballing. Business minders come up with the idea of reselling the products, and this is easy to start and doesn’t even require a lot of money to invest.

Nowadays, resale has become a full-fledged business that can let you generate more revenue than a paycheck. You must wonder what exactly reselling is and how reselling apps work. In this blog, you will find how this eCommerce business model works, what reselling is, and how Meesho and other reselling apps work. Let’s go in and dig out all the required information about reselling and reselling apps.

Definition of Reseller and Reselling Apps

First of all, let’s focus on the reseller; well, a reseller is someone who purchases products in bulk from a manufacturer, wholesaler, or retailer and then sells those products to their own customers on a high-profit margin. Additionally, you have the opportunity to share the product catalog through Facebook, WhatsApp, Instagram, and social media with your customers. This form of business is also known as social commerce. There is a slight difference between seller and reseller, seller can not resell their products via any other medium other than an eCommerce platform.

This business model is quite popular in India because it doesn’t require a hefty investment. With the thriving popularity of reselling, reselling apps such as Meesho have entered the market to modify this business model. This social commerce platform has grown tremendously over the past few years. Reselling apps allow you to make the payment only after a customer confirms an order, in case you are buying reselling products from the social commerce platform or app only.

How Does Messho Work as a Social Commerce Platform?

Undoubtedly, no such introduction is required for the social commerce platform or reselling app Meesho. This platform has changed the entire picture of reselling. It has to provide unexpected exposure to the resellers and make it easier for them to sell their products and attain decent revenue. Payment transactions with Meesho are safe and speedy. It offers very low-cost refunds and delivery options as well. This reselling app has emerged as a trusted brand by more than 3 million resellers across India. The recent advertisement of Meeshos’ says “Chote Paise Badi Shopping,” which perfectly describes the app’s service to its customers.

It has provided tremendous opportunities for small businesses to come aboard and sell their products promptly. Without the requirement of heavy investment, you can start your own business today with Meesho. The tagline of this reselling app is “Not just a homemaker, but as a Meesho Entrepreneur.” Numerous homemakers have now connected with this app and run their businesses successfully.

What is the Operating Process of Meesho?

As you already know, Meesho is essentially social commerce and operates on a D2C (Direct-to-customer) eCommerce business model. As a reseller, you have the advantage of promoting your available products on your social media platforms, WhatsApp, etc. expanding the scope of selling your products. Products will be offered by a third-party manufacturer who is associated with Meesho. You can say that reselling with Meesho is an uncomplicated and compelling way to work from home and generate revenue.

Meesho charges a cost of commission of between 15%-20% on all items sold by the reseller. However, it charges significant penalties on product returns. This app has more than 700 employees and is focused on a market of over 15 million resellers. This social commerce brand claims to have a presence in over 800 locations.

To sell your products successfully with n on Meesho, you can take the help of eVanik OWS as a marketplace reconciliation software. It can help you analyze your rivals’ pricing strategy and let you grow immensely.

What are the Products you can Sell on Meesho?

Meesho has a diversified range of product categories. All products are inspected to check for quality purposes, and Meesho ensures that they are shipped responsibly. You may find resale items from Meesho as well. It facilitates you to sell a distinctive product range and expand your customer base. Following are Messho’s product categories from which you can select and sell.

  • Kitchenware products
  • Women’s Clothing
  • Men’s Clothing
  • Kids Clothing
  • Household Products
  • Home furnishing products
  • Beauty products

    Customers prefer to shop from this platform because all the products available are budget-friendly. This social commerce app’s future plan is to have approximately 100 million active customers and add more than 50 million products in its categories by the end of 2022.

Challenges you can Face While Selling on Meesho

Well, Resellers, advantages come with challenges. Thus, this app also has several business challenges you may experience while selling products on this platform. Let’s have a quick sneak peek into Meesho’s business challenges.

  • High Distribution Cost

The initial stage of Meesho began with the ethnic fashion category, targeting homemakers and women who were running their boutiques and reselling their products through social media applications. During the pandemic, the distribution costs have significantly impacted the financial aspect of this platform. Because customers prefer to buy face masks, sanitizers, personal care products, and groceries online. They have fewer opportunities to go out and attend any function. Thus the requirement for ethnic clothes and beauty products gets reduced. However, this app has now started to offer personal care products along with other above-mentioned product categories.

  • Poor Product Quality

Most customers reported that the product they purchased from Meesho was of poor quality. It can be the reason that this app has still not made its way to reach out to urban customers. Indeed this app is famous in small cities but has to sell quality-based products to reach urban customers. As a reseller, if you buy products directly from Meesho there are chances you may end up selling poor-quality products to your customers.

  • Delay Delivery/Critical Customer Support

Another business challenge you can face on this app is the delay in delivery and poor customer support. Numerous customers have reported that their order gets delayed frequently. When orders get delayed, customers try to reach out to the support team to seek information about the status of their order. But unfortunately, in so many cases, Meeshos’ customer support team fails the customer. Only can only imagine the level of dissatisfaction experienced by such customers.

Thus, if you want to sell through the Meesho app, you may occasionally have to face such challenges. On the other hand, you can still upsurge your revenue by enhancing the listing quality of your products on Meesho.

Other Reselling Apps in India

  • Shop 101

This reselling app represents itself as the number one reselling app in India. It has diversified product categories from clothing to home decor, kitchen, beauty, electronics, etc. They have approximately 50 lakh four-star rated resellers.

  • OLX

You must be aware of this app; it is pretty old in the social commerce business model. This user-friendly reselling app works exactly as an advertisement does in a newspaper. One can resale and buy furniture, household items, cars, electronic appliances, etc., from OLX. It provides a unique chat box function that helps you connect with customers directly.

  • eBay

eBay is another most popular app in India and worldwide. You can buy and sell products through eBay from any location in the world. You can sell almost everything on this platform, such as clothing, vehicles, cosmetics, jewelry, and electronics. This app has over ten thousand downloads on Google play.

Conclusion

The vast eCommerce market has diversified opportunities for you to start your own business. It can make you self-reliant and increase your confidence to live the life you want. Reselling business model is getting adopted by thousands of people every day. You can also grab this opportunity and start selling through above mentioned social commerce platforms. However, whether it is a small or a big business everyone should have a track of their finances. In this regard, you can take the help of the payment reconciliation service of eVanik OWS. It can help you with hassle-free payment proceedings and keep a record of your every transaction.

6 Best Inventory Management Techniques to Hike up Online Business!

6 Best Inventory Management Techniques to Hike up Online Business in 2022!

The eCommerce industry has witnessed drastic success in the past few years in India. In the era of the internet and smartphones, this growth will expand ten times more by the end of 2023. It is predicted to reach from 51 billion to 350 billion dollars in the coming years. Customers are more into online shopping these days, so you must deliver tremendous customer service to gain their trust and loyalty as a seller. Out-of-stock situations are the essential components in providing a phenomenal customer experience.

In this regard, applying effective inventory management techniques is imperative for the success of your business. The competition is increasing rapidly, and to stand out in the crowd of millions of sellers, you must apply several inventory techniques to make your individual presence in the marketplaces. Unique and effective inventory management techniques can allow you to build a solid market presence. In the process of implementing several strategies or techniques, you can take advantage of inventory management software such as eVanik OWS. In this blog, you can discover the six best inventory management techniques to hike up your online business.

Why is there a Requirement for Inventory Management Techniques?

Before knowing the techniques, it is essential to know their importance. If you are the one who has started your eCommerce business, then it is more essential for you. Inventory management is the most critical aspect of the eCommerce business. To sell your products on various eComm platforms, you need to keep a check on inventory. Without accurate inventory management, you may not be able to fulfill the demands of your customers. That is when you need to apply several techniques that can help you manage stocks adequately. Let's see what those primary techniques are.

Six Inventory Management Techniques to Upsurge Your Business

As an eCommerce seller, you can apply various inventory management techniques. Here we are mentioning some of the best ones that can help you immensely in managing the inventory.

FSN (Fast, slow & non-moving) Analysis

The fast, slow, and non-moving inventory technique divides products based on their quantity, consumption rate, and the rate at which the inventory has been used. You can segregate the products as fast-moving, slow-moving, and non-moving. Products that have high usage frequency are known as fast-moving products. Products that have slow usage frequency are known as slow-moving products. Non-moving products are products that are only utilized for a short period or a specific duration. This effective technique can help you to make inventory management decisions. You can analyze which products should be placed in the warehouses and which you should not. You can make an essential decision regarding non-moving products should you keep them or discontinue selling them.

Apply JIT (Just in Time) Method

In inventory management, overstocking and the stock-out situation are also harmful to your online business. To avoid overstocking costs, many sellers use JIT or just in time methods. With the help of these peculiar inventory management techniques, you can order only what you require to meet the immediate demand of your customers. With no excess inventory in hand, you can effectively save the cost of storing products in various warehouses and insurance as well. In this way, you can order further inventory when the old inventory stock is close to restocking. However, this is a little risky technique because a slight delay in ordering new products can lead you to an out-of-stock situation. So you need to be a little conscious and implement proper planning so that you can timely stock your products.

Implement Always Better Control (ABC) Analysis

ABC analysis refers to Always Better Control Analysis. Generally, inventory items are classified into three major categories. These categories are divided into A, B, and C. Category A includes high-value products with a low frequency of sales. Category B includes moderate value products with a moderate frequency of sales. Lastly, category C includes lower-value products with a high frequency of sales. ABC analysis classifies the products you should reorder more frequently and which products you do not need to get in stock as frequently. This inventory management technique can enhance the turnover rate of your inventory and minimizes obsolete inventory as well.

Get Along with Dropshipping

Under this technique, you can outsource almost every aspect of managing the inventory. It is basically suitable for an individual seller who does not rely on efficient inventory management as their success factor. Dropshipping is particularly beneficial for sellers who want to get into the eCommerce business but can not afford to pay the cost of a warehouse of inventory management. By applying this technique, you must buy products from any third-party vendors and directly ship them to your customers' addresses. In this process, you don't need to manage your inventory or buy products in bulk. Hence there is no need for bulk products, which diminishes the risk of loss.

Apply Bulk Shipping

This inventory management technique is used by sellers who assume buying bulk products is always cost-effective. It is best for sellers whose products have consistent demand and can experience a sudden increase in demand. If you are one of them who manufactures many in-house products and handles unexpected demand growth, then you can go for this technique.

Practice Demand Forecasting

It is one of the perfect inventory management techniques that can prove much effective for your eCommerce business. The speedy growth of the eCommerce industry has increased the demand of customers. That is why demand forecasting is beneficial in terms of never missing out on fulfilling the demand of your valuable customers. You can use your previous inventory data to predict the upcoming demand of your valuable customers. Historical and season-wise sales data can make forecasting much more effortless and efficient. This way, you can analyze when and at what amount customers require any specific product. To apply this technique successfully, you can take the help of inventory management software such as eVanik OWS.

Conclusion

The above inventory management techniques are essential in managing the eCommerce business model. The stock in and stock out situations should be managed accurately. It will be best if you adopt these techniques in your eCommerce business to make your processes more efficient. With the growing online business, inventory management is expected to become more valuable for the success of your business. Adopting such techniques can smooth the workflow and upsurge the sales channel in broader terms. It can never put you in such a situation where you fail to fulfill the demands of your valued customers. In applying some vital techniques such as demand forecasting, you can take the help of inventory management software such as eVanik OWS which has a centralized inventory feature across all the platforms you are dealing with.

How to Register your Business on Shopsy & Make Most of It!

How to Register your Business on Shopsy & Make Most of It!

The increasing number of eCommerce platforms is not going to stop there only. With every passing year, there comes a new member in the race. This growing industry presents new agile competitors whenever sellers want to settle down and sell their products peacefully. Nowadays, Shopsy is the new baby of this industry. Some of you may have heard of it, and some of you may not. Well, we always want to keep you aware of your competitors, so we are here with our new blog. In this particular blog, we have tried to cover all the information that you may need to know about.

Being in eCommerce, you need to know the potential of selling on every new channel. This eComm venture is the trending talk of the town. It is pretty famous on all the social media platforms because Shopsy is a form of a social commerce platform. If social media channels are popular in India, then this S-comm venture will indeed be known soon. This particular blog contains a lot about this new eCommerce endeavor. You will get to know what Shopsy is, and we have also mentioned the registration process on this platform. Apart from that, you will get to know about S-commerce or social commerce. Let's get in and dig out all the vital information about it.

What is Social Commerce?

Before knowing about Shopsy, you need to understand what social commerce is. Well, this new form of eCommerce industry has more than 65.3 billion markets right now, and it is predicted to grow to 89.16 billion by next year. This is only the Indian figure; globally, it is pretty high. Social commerce is the practical process of selling your products directly on various social media platforms. In this form of eComm, everything takes place right on a particular social media platform, from product discovery and research to the check-out process. In the current scenario, Facebook, Instagram, and Pinterest allow social commerce. While scrolling down their social media accounts, customers can find some ads for shop now or buy now through the app. They can simply buy the product and carry on surfing if they want. It is a new strategy to attract shoppers and generate sales effectively.

What is Shopsy?

Now, if we talk about Shopsy, it is a brand new social commerce launched by Flipkart in July 2021. This one-year-old venture has gotten a kick a few months back and is not trending everywhere. It's a free-selling social commerce platform for sellers to sell their products online across India. As a seller, you can list your products on Shopsy and reach out to almost 100-500 million budget-friendly customers. This brand new platform has established a vast distribution network between sellers and resellers. This platform provides an opportunity to sell your products to those customers who are not informed much about e-shopping through resellers. Lets' see as a seller how you can sell your products on Shopsy.

The Registration Process on Shopsy

To sell your products through this platform, you must register as a Shopsy seller. You can complete the registration in a few essential steps.

  • Sign up on this platform via your mobile number and email id.
  • Now via Pincode check if it is serviceable in your area or not.
  • Upload your GSTIN number.
  • Provide your sample signatures and a copy of the canceled cheque with the printed business name.
  • Now you are ready to list your products on this platform.
  • You are good at selling your products without any hurdles.

Why Sellers Are Choosing This Platform to Sell Their Products

There is a positive buzz about this social commerce platform in the market, and sellers are moving toward this platform because there is a low commission and a high-profit margin. In a few following steps, you will know why sellers are choosing Shopsy to sell their products online.

  • This platform is way more convenient for sellers to sell their products promptly.
  • There are no hidden fees, less paperwork, and no extra costs that a seller has to pay to sell their products.
  • Zero percent commission for products under 0-500gms.
  • No professional photoshoot is required for sellers. You can click the product image through your phone and upload it.
  • Hassle-free pick-up and delivery of products through more than 200 pick-up hubs associated with ten thousand delivery agents.No trademarks are needed to sell your
  • products on Shopsy.
  • You can get complete access to the latest market trends.
  • This platform provides you the Selection and pricing insights you can use to understand better growing your business.

Online Seller Guide For Shopsy Sellers

As a Shopsy seller, you can expand your online business while acquiring multiple benefits. By following the several easy steps, you can reach approximately 500 million customers in India. Here is an online seller guide to selling your products efficiently and generating immense revenue.

Add an Attractive Picture of Your Product

Images play a crucial role in selling your products on any eCommerce website. However, you don't need to meet any image guidelines on this platform. Shopsy offers a seamless process of adding images by excluding any image guidelines. You can simply put your products on the tabletop and click the images with the help of your mobile phone. What matters the most is the clarity and the angles.

Add Informative Description

To attract your potential customers, you need to add an informative product description. You need to highlight the unique features of listed products on Shopsy. It should be to the point and easy to understand for customers. Descriptions provide a better understanding of the products and affect the shopping decision of the customers.

Maximum Product Listings Lead to Higher Sales

As a Shopsy seller, you can utilize tolerant brand and image guidelines. Unlike any other eCommerce website, product listing is relatively easy on Shopsy. The more products you will list, the higher sales you can receive. It is because with the diversified range of products you will be able to meet the demands of a customer.

Apart from this, you must keep an eye on your competitors and manage your inventory like a pro. Managing your inventory can become easier with the help of inventory management software such as eVanik OWS. This automated feature can provide you with stock-in and stock-out information. It is essential to prevent out-of-stock situations.

Conclusion

This is all about Shopsy you must know to start selling products on this platform. It is an outstanding platform for those who want to spend less and earn more. This platform provides you so many benefits that are cost-effective and easy to run your business. However, once you are done with the registration process and start selling your products, you must keep a few things in mind. One of them is inventory management; you should not miss out on this point as a seller. Poor inventory management can lead to business failure. So it is better to handle it via any automatic software. It will save time and money and provide immense opportunities to maximize your sales on Shopsy.

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.

Considerable Elements of Multiple Warehouse Management System!

Considerable Elements of Multiple Warehouse Management System!

The eCommerce industry is evolving immensely, but some aspects of this business have not yet changed, and one of them is inventory. As a modern-era seller, you may find it challenging to manage the inventory, but sellers have been dealing with this since the origin of this enormous business. If we talk about the global eCommerce sales, it was around 4.9 trillion USD and is expected to reach 6.6 trillion by 2024. From groceries to medicines, everything is sold online today. Customers are also learning t buy various products online; they expect variety, good products, and quality service.

The market demand is growing exponentially, and that is why you need to establish new marketing and sales channels. Competition is exceptionally high, and you can’t afford to lose a single customer. To let your business survive in this competitive world, you need to make a robust presence in the eCommerce market. To initiate that successfully you need to set up multiple warehouses. It can accelerate the order processing and help you in generating more profits. This blog has mentioned some of the considerable elements that you need to keep in mind while selecting a multiple warehouse management system.

Substantial Factors of Multiple Warehouse Management System

If you are going to opt for multiple warehouse management, you will undeniably require a warehouse management system that helps you automate the several essential aspects of WMS. However, before selecting one for you, it is vital to consider some of the compelling factors about this system.

Centralization of WMS

Centralization is one of the most important factors of multiple warehouse management. It effectively automates the inventory flow across various warehouses and enables you to manage the orders of multiple eCommerce channels with superb efficiency. That is why a multi-warehouse management system should have the exceptional feature of centralization that can manage your inventory in a well-organized manner. It can save you from excessive and out-of-stock situations. The centralized control can allow you to route your stocks from overstocked to stock-out locations. It ensures minimum delays in orders and cancellations because of the tremendous operational efficiency.

Real-Time Updates

To keep yourself updated on all the happenings of the warehouse network, you need real-time updates. Specifically, you need this update to manage your inventories across multiple warehouses. It will help if you keep a vulture eye on which product categories are in stock and what are not. This practice is required essentially during the festival season. Real-time updates can enable you to generate customizable reports to analyze the status of your inventory stocked at various warehouse locations. A multi-warehouse management system can help you to achieve this quickly. Multichannel order management software such as eVanik can let you manage the inventories across multiple warehouses. It effectively works as a multiple warehouse management system.

Shipping integration

Shipping and logistics are part of your eCommerce business that requires a substantial operational cost. Multiple warehouse management can work effectively if your system integrates with the shipping part. In the process of doing so, you can take advantage of their existing logistic network and shipping efficiencies without over-extending your resources.
Moreover, strategic integration between warehouse and shipping sources can rapidly accelerate your order fulfillment process and reduce information duplication within the system.

Liability of Quality Control

The products you stocked up in the multiple warehouses are prone to damage, theft, and desuetude. In any circumstances, if you deliver such products to your customers, they would be forced to return the product and can even leave a negative review for you. To escape such a situation, you need to thoroughly check the quality control level of the warehouses whether they maintain the health of your inventories or not. With advanced barcode-based inventory management, this can be implemented easily in multiple warehouses and too on a minimum additional cost. In this way, you can efficiently save a lot on returns and make your customers happy and delightful.

Returns & Refund Management

Products returns and refunds are an imminent part of the eCommerce business. If it gets avoided can drastically reduce sales and impact the overall performance of your online business. To resolve this significant problem, you need a supportive hand. eCommerce order management software such as eVanik can work as a multi-warehouse inventory management system and provide a return reconciliation facility. An ideal WMS must have a systematic log facility to manage every return and refund the customers accordingly. Throughout this process, you can also be able to receive the customers’ shipping behavior insights that can help you in eradicating the returns in the future.

Apart from these crucial factors here, we have mentioned several quick points that can easily make you understand what you should consider while choosing a multiple warehouse management system.

  • It should provide real-time insight into your inventory and product availability.
    Should be able to manage and monitor the eCommerce order fulfillment process, from the manufacturers to the distribution center.
  • It should be able to forecast the inventory and send alert notifications in case of Oos(Out-of-stock).
  • It should have streamlined the eCommerce fulfillment process and made your eCommerce operations more effective and effortless.
  • WMS must have the integration ability with your internal system.

Based on these practical elements, you can choose any multiple warehouse management software. Warehouse management software must have the above facility because these are essential for the success of your online business.

Conclusion

In the end, it has been clear that you should excellently manage your multiple warehouse network by considering the above factors before selecting any multiple warehouse inventory management software. Via intelligent automation, notification, and integration, you can use such software to scale up your eCommerce business as well as consistently satisfy your customers. If your goal is business expansion, you must go ahead with the multiple warehouse management system. It can help you appropriately manage the overall business but also helps you in increasing your customer base. All these factors ultimately will help you in generating significant revenue. eCommerce order management software such as eVanik can skillfully provide you the multiple warehouse management facility. It can let your business grow in many terms and automates almost every aspect of your online business.

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.