Managing your business in top e commerce marketplaces like eBay can often get a little more expensive than what you may have expected. However, there is a certain group of sellers who have had to quit the platform in order to save themselves from ever mounting losses. Losses in e commerce can be owed to a number of odd reasons, but mismanagement of operations always takes the cake. Sellers who are inexperienced usually fall into a whirlpool of losses before they identify their issues and have it corrected. Those who fail to take corrective measures in time, find it wiser to let go.
If you are one of those eBay store owners who have been experiencing the darker side of the platform as far as tangible gains are concerned, here are the top four reasons where you could have gone wrong…
How much does your warehouse cost?
If you are a store owner, it is possible that you have a mighty inventory that is stocked across a number of warehouses. In these warehouses, you may have products that have been lying around for months without showing any movement, including large and heavy products. Warehouses cost money in terms of how much space your products are occupying and for how long they have been lying there. So, if you have shelved stock it is possible that you are paying rent for space that is gaining no profits.
The Solution – Adding offers and discounts in these items can help increase sale and move them out faster. Using high quality eBay store management tools and inventory control solutions can help you keep in touch with these inventory hassles so that the best steps can be taken at the earliest.
Is your arbitrage game costing you your profits?
If you an arbitrage seller and are serious about making tangible profits with it but have been experiencing losses in its place, it is quite possible that your integration with Amazon could be a little on the ‘blah’ side. Arbitrage is all about price between these two marketplaces where your eBay listed price cannot go below that of Amazon. Wrong or heavily compromised integration can make you lose track of Amazon prices for the listed products making you pay out of your pocket for arbitrage than otherwise.
The Solution – The sooner you come to know of it, the better it will be for your venture. You will need to fix your integration setup as soon as possible with more focus on pricing and repricing tools. there are many quality e commerce solution providers who can offer evolved integration services whether it is the regulars like Amazon Volusion / Magento or Shopify / Bigcommerce / Magento Rakuten etc. or customized arbitrage syncing/
Have you become a victim of regular fraudsters?
Falling victim to fraudsters can do much more than monetary harm. Fraud buyers usually are those who use products and return them for full refunds or buy the products and make fraud payments (which is far worse). In either case eBay is assured to side with the buyers and any issue you pick with the latter will result in you losing your footing with eBay. This can contribute to losses in terms of tangible profits and reputation as well.
The Solution – Using anti fraud softwares can help preventing fake transactions. Trying to identify fraud buyers can be difficult though.
The first and the most important input in the enterprise of any seller is the list of products that he / she offers to prospective buyers. In fact, it will not be wrong to say that your scope to growth and profits lies in how well you present your products to the purchasers and how relevant you make the same to their needs. Considering the fact that online buyers seldom get to see and feel the products before purchase, sellers must ensure adding every minute yet relevant details about every individual product so that people can have complete information about the same, which in turn will propel the cause to buy.
The process of adding the details, altering the same as and when needed along with announcing offers and discounts time and again across all the platforms of sale as well as affiliate channels together form the mighty super structure of ebay store management, which is often considered one of those processes that take the better of most sellers. More the products you have under your banner and more the number of e commerce platforms you are spread through, greater will be your chances of facing risks, hurdles and bottlenecks in the process of managing your feed.
Considering the fact that each and every e commerce platform has their unique product feed requirements, you as a seller will be required to alter the nature of the feed to suit the requirements of the individual sites. If you approach it manually, this can be one of the most time consuming processes claiming days if not weeks together. At the same time, manual processes are seldom free of errors. For a while now, sellers especially the new ones had to curb their desires for expansion all thanks to the load brought about by manual data feed.
However, all these issues can be put to rest with one simple inclusion of automation softwares. Basically, ebay store management automation softwares have been designed to ensure that the entirety of the process can be completed with no more than a click of a button. From uploading product list to introducing changes and differences in the same across multiple channels of sale, everything will be completed in nothing more than a couple of minute’s time and that too with ample assurance of freedom from errors.