Mastering the art of managing inventory on Amazon, eBay
Only the online vendors will really understand the true pain of managing inventory. It’s easier said than done! Handling so many products and orders together, the hassle is immeasurable—even more, if the sellers have multiple sales channel.
However, difficult it is, not impossible. All you need is to be a bit smart and calculative in your decisions.
Here’s how to induct yourself into the esteem league of successful online sellers—here’s how to master the art of inventory management on Amazon, eBay.
Signup to multi-channel e-commerce solution
It’s a must today, recommended by every expert. Bank on the third-party Amazon and eBay selling software solution. Integrate all your stores together, and handle the backend of your business, including inventory management (in real-time), from a centralized platform. The likes of ChannelSale offer seamless integration between marketplaces, webstores and comparison search engines that pack a host of features and facilities.
Limit the number of your storefronts
Sure the more storefronts you have, the higher will be the return. However, this doesn’t mean that you go crazy by opening your stores on every marketplace and multiple websites. Instead of this, take time to understand which platforms will give you higher return (sales and revenue); scarp the low-converting platforms and stick to the ones that assure more profit. Cutting back on the number of storefronts will save you from quite a bit of inventory management hassle.
Yes, you don’t want to hire full-time employees; you’re a lone wolf, we get it. But you can sure outsource help; hire freelancers for selected period. Good news is that today, few of the top e-commerce solution also offers managed services, helping sellers, resellers and agencies with all the backend tasks, including eBay and Amazon inventory management. Pick the right e-commerce solution and bank on its managed services.
These are three simple ways to handle inventories like a complete pro. Good luck!