Category Archives: sell on eBay
Walmart online marketplace is far from beating Amazon in the world of ecommerce, but it is an established fact that 3P sellers are absolutely in love with this new platform of sale. In fact, some have even admitted that including Walmart.com in their multichannel endeavors or switching over completely to this marketplace has been one of the best decisions they have taken for the betterment of their overall growth and revenue enhancement.
Following are 4 reasons why Walmart marketplace Vs Amazon debate usually rests in favor of the former…
Walmart online marketplace is far from the maddening crowd – Amazon is crowded. Being seen even in the fifth page of search results can get extremely trying for sellers especially those that are inexperienced or small. Walmart.com on the other hand is very relaxed in terms of 3P seller count in the platform. Considering the fact that only the cream of the lot can get inducted into the marketplace, the competition is likely to remain low for a long time in the foreseeable future.
Selling structure as well as fees and commissions are comprehensive – Unlike Amazon, Walmart.com is not a complex web of incomprehensive fees and commission structures. This makes the process of staying in tune with profits and productivity easy for sellers in this marketplace.
The route to buy box is simple and approachable – Entities that sell on eBay and Amazon know how tough it could be to win a spot in the respective Buy Boxes in the marketplace. In Walmart, things are as easy as maintaining lowest prices and minimizing shipping costs to scratch.
Integration is easy and affordable – Lastly, integrating with Walmart.com and commencing operations is very easy and affordable for all 3P sellers. This is mostly because the platform has partnered with some of the top ecommerce solution developers that offer readymade integration solutions to speed up the process of setup and go live.
You wanted to make more revenue, so you launched multiple storefronts and decided to run them all together. Sure, the calculation is right—more sales channel, more return. Sadly, there’s a flaw in this. Handling one online store is difficult, let alone many. It requires time, hard work, which eventually ends up disrupting your personal life.
In short, you have less time to spend with your family and yourself!
However, this doesn’t necessarily have to be this way. There are few tips and tricks that can help you handle your many storefronts like a complete pro without interrupting your personal life. Here are 5 of them-
Automate your marketing tasks-
Instead of heading to individual social media platforms and manually posting there, why not use any third-party social media management dashboard? These solutions allow you to handle and automate your marketing tasks (the task of posting, commenting and more), saving your precious time easily. Hootsuite is the most popular name.
Signup for multi-channel e-commerce solution-
If you’re handing more than one online store (or even if not), you need to signup multi-channel e-commerce solution. Helping you handle everything of your storefronts on a centralized platform – right from product listing and feed optimization to real-time inventory management and order fulfillment – the right solution will save your time and make you more efficient. ChannelSale is the most popular name.
Even if you consider yourself a lone-wolf, you can’t do things all alone. Now you do not need to hire anyone full-time but you should, however, outsource help for less-important, manual tasks, when deeming fit. Few of the e-commerce solutions, today, also offer managed services, helping you with all the backend tasks of your storefronts.
Make informed decisions-
When you make uninformed decisions, the outcome will be less than desired and you’ll be clueless as to how to improve your return. You’ll be stressed and busy conducting split tests to find that ‘perfect spot’. You can save all these by making an informed decision. So take the time to read your sales performance data and other metrics; understand everything, and know for sure when deciding anything.
Yes, you want your business to grow, you want to be everywhere, you want to sell more and you want to cut a higher profit. However, sometimes slowing down is the best thing you can do. Sure if you sell on eBay, Amazon and so many other shopping platforms, the chances of revenue will be high. But instead of being everywhere, you can (and should) try to optimize the return from selected platform. So, slow yourself down!
These are 5 simple tips and tricks to handle multiple online storefronts like a pro without it letting disrupt your personal life. So be smart, automate your marketing tasks, integrate Volusion Amazon and more, outsource help, read data, and transcend yourself into a pro online vendor easily.
Controlling costs in eBay is one of the many issues that most sellers face on a regular basis. Uncontrolled costs can take massive bites out of revenues that can otherwise generate amplified profits.
Here are 5 tried and tested ways to gain control on eBay costs for a healthier financial future in this marketplace…
Firstly, make enlightened decisions about opening a store to sell on eBay. Sellers often believe that stores are the ultimate route to growth and profits. But it is also necessary to know that opening and maintaining stores cost money and they never guarantee expected outcomes. So, making informed decisions in terms of initial investments for opening stores followed by assessing associated risks can help save tons of money in the near future.
Secondly, always use fee and profit calculating tools. eBay fee structure can often be very confusing for sellers to understand leading to mishaps associated with miscalculation. Fee calculating tools and softwares help sellers gain a clear picture of all avenues of leakages and address the same with smart pricing of their products.
Thirdly, identifying leakages in inventory/ warehouse management can save hundreds to thousands of dollars. Using inventory and warehouse integration tools can help sellers stay aware about matters like slow moving or no-moving inventory that may be eating up warehouse space while not offering any tangible profits at all. Understanding and fixing warehouse and inventory profit leakages is applicable while selling in Walmart.com, Amazon or any other marketplace for that matter.
Fourthly, all eBay sellers must make the most of PayPal merchant discounts. If you are not enlightened about this feature, anytime is a good time to start and implement.
Lastly, if you are you using FBA for eBay, it is always worthwhile to use FBA fee calculators in order to stay in tune with your expenses and price your products accordingly.