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.

Sell on Meesho & Become a Key Part of the eComm Industry!

Sell on Meesho and Become an Essential Part of the eCommerce Industry!

Who doesn’t want to earn an extra income in this overcrowded and over-expensive human era? A good source of extra income can be a blessing for every eCommerce seller. In this regard, eCommerce platforms like Meesho provide an immense opportunity to generate revenue while being in your comfort zone or from home. Suppose you wish to sell or resell products through social media platforms such as Facebook, Whatsapp, and Instagram and sell on Meesho. This emerging platform allows every common man and woman to start their own online business.

As an eCommerce seller, if you want to earn immensely by reselling your products, then Meesho is the perfect eCommerce joint for you. It is specifically a reseller eCommerce platform that one can use to resale various product categories such as women’s wear, men’s wear, kids’ wear, home appliances, cosmetics, etc.

This platform provides a massive opportunity to local sellers to make their online presence and earn their bread and butter. Compared to other eCommerce marketplaces such as Amazon, Flipkart, and Myntra, it is much easier to start your journey with Meesho. You don’t require a hefty investment, nor do you need to pay a considerable commission while selling products on this platform. This blog will discuss multiple aspects of selling products on Meesho.

What is Meesho & How It is Different From Other Platforms

Meesho has become one of India’s leading reselling eCommerce marketplaces. Two Delhi graduate Iitians, Sanjeev Barnal and Vidit Aatrey established this glorious channel in the year 2015. At present, this eCommerce platform has more than two crore resellers. This platform allows resellers to get associated with various manufacturers from their locations and list their products on this platform to sell. As a Messho seller, you can choose several products from the listed categories and sell them through social media platforms. The best factor about this eCommerce venture is you can start your business from any corner of this country. Investment is relatively low, which is an excellent relief for new sellers. If we talk about how this platform differs from others, well, it allows every local seller and ordinary folks to start their own online business. Except for Amazon, no other platforms allow sellers to resell their products.

Sell on Meesho By Following These Easy Steps

If you want to sell on Meesho and generate immense profits, you must follow some steps effectively. Here we have mentioned some essential selling guides that can help you sell or resell your products on this platform. In order to start selling on Meesho, you must have a GSTIN number and an active bank account.


#Step1 ( Create Your Meesho Seller Account)

To sell on Meesho, you first need to download the Meesho app and register yourself on this Meesho supplier panel. Now you have to enter your GSTIN number, your PAN number, and the details of your active bank account. These are a few pieces of information mandatory to create a seller account on this eCommerce platform. Once you provide this vital information, you must provide your order pick-up address to this platform. In this way, your registration process will be successful, and now you can visit the Meesho supplier dashboard via your email id and password. Apart from that, you may also require eCommerce accounting software such as eVanik OWS to manage your accounts and other backend operations.

#Step2 ( Product Listing on Meesho)

Once the registration process gets done, the next crucial step is listing the catalogs of products you want to sell on this platform. Listing more than three product catalogs can help you with more orders and, eventually, more revenue. Product listing should be accurate with excellent quality images and descriptions. It can help you attract more eyes and sell your products efficiently and effectively. Meesho provides two options to upload your catalogs. You can upload single as well as bulk product catalogs on this platform. Make sure that your listing is up to date and that you are not missing on any factors.

#Step3 ( Start Receiving Orders from Customers)

After listing the products on Meesho, you can start promoting your products through various social media platforms. On the other hand, you can precisely receive the orders from the Meesho app as well. In the process of receiving a dynamic number of orders from customers, it is essential to manage your inventory profoundly and to ease this problem, and you can get along with eVanik OWS and use their significant inventory reconciliation feature. This market is competitive, and to beat your competitors, you may need to take the help of automated software.

#Step4 (Start Delivering Your Orders)

Product delivery is an essential aspect of the Commerce business. Once you are ready to receive customer orders, Meesho sends the email notification to your supplier panel app. You need to accept the order first and then start packing the product with accurate labels on each package. This platform’s minimal shipping charge can be counted as no shipping charges. After the packaging, hand over the order to the courier partner, Meesho has a panel of various third-party logistic partners who take responsibility for picking up the package and delivering it to your customer’s doorstep.

# Step5 (Start Receiving Payments on Delivered Orders)

As a Meesho seller, you can receive the payment on every single order after fifteen days of order delivery. This process is the same for the cash on delivery orders as well. The payment will be credited to your active bank account. If you want payment details, you can check your Meesho supplier panel. Through this panel, you can receive every detail regarding your payment cycles, such as how much your deposited balance is, future payments, and other payments. On every order, Meesho charges a fixed commission from their sellers; it can be less than twenty percent on every order.


Conclusion

Meesho is a flourishing eCommerce platform in India for small businesses. Absolutely anyone can start selling products on this platform with a lower investment. Significantly it has provided extraordinary opportunities for homemakers to earn their living without being dependent on anyone. Sellers, resellers, and small brands can also choose this platform to sell or resell their products effectively and scale up their customer base. Meesho is getting more significant daily, and customers are showing tremendous interest in it.

However, in this platform’s initial year, customers complain about the product’s quality. Still, with time, sellers are more likely to deliver a good quality product to their customers. In a nutshell, we can say that this eCommerce joint is a recommendable business opportunity for every small and typical vendor and retailer.

Essential Steps to Register Yourself as a Nykaa Seller!

Essential Steps to Register Yourself as a Nykaa Seller!

Today no one can accomplish their beauty goals without being a Nykaa beauty customer. It’s a fact, and customers can not deny this; this beauty revolution brings immense opportunity for you as a seller. Nykaa has marked its presence as the most promising fashion and beauty brand in the eCommerce industry. Falguni Nayar founded this alluring beauty company in the year 2012. This platform is not only a boon for beauty and fashion lovers but also sellers.

This eCommerce beauty platform is not only promoting Indian brands but international brands as well. Nykaa has recognized as the most premium online marketplace; it is associated with more than 70 luxurious and approximately two thousand authentic Indian brands. It has beauty products for every age group of customers. A few years back, Nykaa launched its fashion range as well. Fashion attire is also a part of this platform in which one can sell apparel. To become a Nykaa seller, you need to follow some crucial steps. This blog will mention some of the essential steps to registering yourself as a Nykaa seller and the product list you can sell on this platform.


Follow These Steps to Become a Nykaa Beauty Seller

The registration process can be different for every eCommerce marketplace. Here in the following steps, you can register yourself as a Nykaa beauty seller much more quickly.

Step1.

To register as a Nykaa beauty seller you must visit the Nykaa seller panel and enter your brand name and registered address. You can register as a brand owner, wholesaler, and distributor on this platform. This platform will ask for your PAN card information, contact number, and bank account details. You can access your seller account with a username and password. With a brand permit, you can quickly start selling branded products on this eCommerce beauty channel.

Step2.

Once you register as a seller on this beauty platform, you must select your desired product category. At Nykaa, you can sell products from various categories such as makeup, skin, hair, appliances, bath & body, natural, mom & baby, health & wellness, men, and fragrance. You can choose multiple products to sell from these product categories. However, if you want to sell your own branded products on this platform, you need to take approval from Nykaa; you may get approval easily if your product is genuine. Nykaa can initiate a background check for a new brand. You must upload a trademark certificate if you want to get along with Nykaa as a brand.

Step3.

This is the final process to register yourself as a Nykaa seller. In this process, you need to fill the point person form with your existing email id, phone number, and other details. After the final submission of the form, you may receive a confirmation email from this eCommerce platform within 2-5 working days.

After getting the confirmation email from Nykaa, you need to login into your seller account and list the products you want to sell on this platform. Once you finish the listing, you need to click on the sell now button to start selling.

Required Documents to Sell Your Products on Nykaa

A GST Certificate

To sell beauty and personal care products on Nykaa, you are required to have a GST certificate that approves your products have been supplied or produced in compliance with the requirements of the GST act. A GST certificate is crucial in terms of establishing any business. To file your GST on time and manage your accounts efficiently, you can use accounting software for eCommerce, such as eVanik OWS.

Trademark Certificate

In terms of selling your products on various eCommerce platforms, you require a trademark certificate proving that your trademark is registered with the trademark office. This document proves that you are the trademark’s exclusive owner and can legally sell the items. You also need to submit your trademark certificate on Nykaa as well.

Nykaa is the best platform if you want to sell a wide range of beauty and personal care products. It has a lower process and easy payment options; this platform also offers a user-friendly interface that makes it easy to find and sell products. This platform also provides eCommerce with fantastic customer service that can help you make a solid customer base.

Benefits of Selling Beauty Products on Nykaa

  • Nykaa beauty’s eCommerce platform is a top online selling platform in India. It is most popular on the online platform among women and has a massive customer base. More than 50% of its products are for women. According to the latest survey conducted by the Indian eCommerce market, Nykaa is India’s largest online beauty eCommerce that has attained maximum revenue this year.

  • Nykaa is one of the famous beauty eCommerce platforms in India. It offers all the top trending beauty brands, and you sell your products PAN India. This platform provides free shipping on the best-listed products on this platform.

  • This platform has all the leading beauty brands customers generally look for. You can either sell your products or products that are authorized to sell by the brands you want to represent on this platform.

  • The impeccable customer service of this platform provides a chance to please your customers and let them connect with you for a more extended period of time.

Grow Your Nykaa Beauty Business in These Following Steps

  • Offer attractive discounts and coupons to your Nykaa customers.

  • Offer free shipping on a certain amount of orders.

  • Send a personalized message with every order to make your customers feel special.

  • Create a promotional campaign for your Nykaa beauty customers.

  • Inform your customers about all your new launches via emails and messages.

  • Get subscribed to eVanik OWS to automate all your backend operations and eliminate the complexities of your business.

Conclusion

In this way, you can become a successful Nykaa seller and make your solid presence in the eCommerce industry. In the online business, there are so many aspects that you need to take care of apart from just selling your products. You must manage your accounts, inventories, shipping, returns, and payments as a seller. Managing these aspects manually can increase the chance of various human errors, but if you get along with eVanik OWS, you can automate these aspects. This software can save time and effort and let you focus on the other important aspect of your eCommerce business. Suppose you have an interest in selling beauty and personal care products. In that case, you must go for this platform because there are various profitable factors behind it that we have already mentioned above.

All You Need to Know About Amazon Inventory Management

All You Need to Know About Amazon Inventory Management

In business, no seller wants to go out of stock and decrease the sale; on the other hand, they will also avoid spending extra money due to overstocking. Being a seller in the eCommerce industry is not an easy task; one of the integral parts which need to be dealt with is Inventory Management. You must manage this part with utmost importance on every platform like Amazon, Flipkart, Meesho, etc.

In Amazon, inventory management is also a crucial part of selling. It would be best if you found the right balance between too much and out of stock. We all know that at the end of the day, good business results from better management and understanding of the consumer’s needs and market.

Today, we will discuss what Amazon inventory management is, its benefits, different inventory management systems, and common inventory issues Amazon sellers face. We will also glance at the best inventory management software in India.


What is Amazon Inventory Management?

From purchasing to selling an item, keeping this track is known as Inventory management. Let us dive deeper into this. Inventory is the stock you, as a seller, are willing to sell. Amazon inventory management is to keep track of customers’ demand and your stock so that you do not get out of stock.

The complete process is quite long and needs to be managed all the time. The extended activity of tracking and storing your goods and meeting consumers’ needs is the whole idea.

What is the Need for a Better Inventory Management System?

More simply, the customers who come to Amazon for shopping are always in a hurry. To be a good Amazon seller, you must assume that your customers are impatient.

As per the data, 68% of people want their product delivered within 0-3 days. Around 70% will be upset if delivery is late or the product is out of stock. Your customers will buy from your competitors when you remain out of stock.

As we discussed above, some problems are shared among all amazon sellers regarding Inventory Management. Now let us understand that too.

Common Problems Faced in Amazon Inventory Management

Getting Out of Stock

The most common problem faced by most Amazon sellers is getting out of stock. It simply means that customers are demanding your product, and you do not have enough to deliver to them. It results in a terrible user experience, and your best seller rank is disturbed when you go out of stock.


It has to be managed in a very organized way; when running short, it just slows down the demand process. You can help this by stopping off-site ads, which are working in bringing new customers to yours. This way, you will retain the old customers and pause the process of adding a new set.

Overstocking the Inventory


In the above case, you don’t want to get out of stock; in this case, you don’t want to store extra inventory. It can levy a high cost of storage for the extra inventory that you have.

If the seller uses Fulfillment by Amazon, this becomes more crucial. This will make you pay heavy fees for storage; Amazon works on a product in and out strategy. If your product is in there for more than 90 days, it will be an extra heavy charge on you.

Stranded Inventory

It is another common issue the seller faces, although it can be avoided. This term is used for those goods which are no longer a part of Amazon’s active listing. It is for sale, but no consumer will be able to purchase it.

This work demands active checks on the dashboards to be on time. Amazon lists the inventory in your dashboard, and you need to be attentive. Keep a check on the seller dashboard allotted to you by Amazon.

How can Inventory management be Done Efficiently?

Maintain 60 Days Supply Chain

This is one of the best ways of managing your inventory, keep a fixed period of 60 days, i.e., two months. Stock the inventory for two months and keep a check on the reports and data on product performance.

Product forecasting can help you determine the future storage numbers of different products. Amazon also provides inventory reports to all its sellers, which you can easily understand.

Reduction of Excess Inventory

This scenario is very common to almost every seller; huge brands sometimes face this issue. There are some easy solutions which can be adapted for this like

  • Running Promotions- In this, you can use running campaigns and provide gift coupons to your customers. You can also run the sale offer of buy 1 get one combo.
  • Creating removal order- If you have an alternate option to store your product besides Amazon, use it. You can remove your inventory without paying hefty storage fees to Amazon.

Control the Demand

As we have discussed, when you are aware of getting out of stock. Lower your demands accordingly, and it can be done by stopping advertisement campaigns and hiking the product’s price.

If you are low on stocks and still the demand is high, it will surely end in order failures. If you want to stay safe from this situation, keep managing the demand similarly.

Using the Best Inventory Management Software in India


Selling on Amazon is hectic work; getting everything in the right place might become hectic for the seller. For this, you can take the assistance of software for inventory management, reducing your stress.

Softwares like eVanik OWS help you to manage the inventory correctly. The tool helps you with centralized inventory management solutions.

Conclusion

We discussed the different aspects of Amazon Inventory Management as we talked about the common challenges faced by the sellers and ways to get rid of them. One thing is particular and standard for every business: customer satisfaction. At the same time, sellers also need to check the profit margins.

Profit margins are directly affected by the different prices which may occur while selling on Amazon, like excess fees for inventory in FBA. Covering all the aspects and getting along with the solutions, a seller must bloom daily with excellent customer service and avoid extra losses that may come in the way of selling on Amazon.

We also discussed getting assistance from the best inventory management software in India, like eVanik OWS, for better business management. To move ahead, sellers need to work smarter rather than working harder.

Overall Guide for the new sellers on Flipkart

Overall Guide for the new sellers on Flipkart

 

Online selling is a whole new concept that has taken over the traditional way of selling. Especially when the world saw the pandemic, Covid changed the world and the type of selling. The Post Pandemic phase has registered an enormous rise in the scale of operations of Online Selling platforms. Consumers are more comfortable with shopping online with just a single click.

It also changed the game for sellers. Infinite opportunities have come across due to online evolution. Online shopping websites consist of everything which any customer can demand. We are aware that there are numerous sellers and different platforms for this. Business can be extended simply by getting new customers through different channels.

Online shopping has made a gateway for new and small brands to flourish their business with a vast community of buyers. After the Covid 19, some online selling platforms have boomed in a tremendous manner; platforms like Flipkart, Amazon, Meesho and Myntra are there for newbies to extend their business.

Which eCommerce platform is best for your business?


Different factors determine the best platform for your business, and you must go through different factors to choose the best platform. You must check your competitors, the product you sell, the audience, etc.


Why Choose Flipkart for an online business?


Flipkart is one of the biggest online selling platforms and has an excellent customer base. For a new business session, a seller must start from the right place to launch their products.

For new players in the online selling game, you may think about how to sell your product on Flipkart. We will help you to understand that. We will understand the steps required to be followed, the benefits of selling on Flipkart, and the required documents.

Steps required to be followed

  • The first step is to create a seller account on Flipkart.
  • Then you will be required to enter your phone number, which is used for the OTP.
  • Then further, add on your email address and password.
  • The next step is to enter your pickup address, where you will send the products.
  • After this, add tax details like PAN no. and GSTIN and the bank details.
  • Further, you will have to provide your store description and store details.
  • Then one of the essential steps comes in: listing the product and choosing that according to your product.

Then, you go to the vertical and add your brand name there. Keep adding product information like price and description.

When all these simple steps are done, you will send it to QC, which is a quality check. The QC is issued on your seller dashboard; once done, you are good to start selling on Flipkart. These were the basic steps that needed to be fulfilled; apart from this, a lot has to be done.

The Key areas for a better sale on Flipkart


Listing of a Product

You will have to give small details like color, model, size, care, weight, and more in the listing. This part is done for detailed information about the product.

Sellers need to understand how to list products on Flipkart and why it is crucial. As a seller, you must be descriptive to the consumer about everything regarding the product.

How to display your product

The display is all about making your product look good on the eCommerce website. This is crucial; the first impact is created then and there only. Images that should be used must be of high quality; the color combination should be catchy.

The platform will help you to attract more customers through innovative cataloging through its partners. You can also take assistance regarding the image and detailed description of the product for more consumer engagement.

Pricing of the Product

Different factors determine the price. As a seller, you will have to have the right amount of information regarding the market prices, trends, and your competitors. After considering different criteria price of the product can be fixed.

Although this can get a bit tough for newbies, you can take assistance from eCommerce management software like eVanik OWS for all the hectic paperwork, calculations, and much more.


Benefits of selling with Flipkart

 

A broad canvas of selling


Your product can be restricted to only a local place; people might recognize you in a small area. Then the question comes of how to broaden the business. With Flipkart, your product will reach Pan-India, turning you into a national-level seller.

For example, if we look at the stats and data, it signifies that once you become a seller on Flipkart, you get access to over 1 million registered customers. The business scale on Flipkart is immense, which will help you increase your business, and we have discussed earlier how to sell your product on Flipkart.

Analyzing the market trends

When you are a seller on this platform, you access data that Flipkart collects. By accessing this, you will get a broader aspect of thinking. This factor will help you determine pricing trends, advertisements scale, and much more.

The positive changes can be made by reading the trends, products that are high in demand, new marketing trends, and which product has performed well.

Very Low-set Up Costs


This platform is not traditional; you do not have to think of getting a good display, arranging trial rooms, or arranging good lighting. These things are done to appeal to customers; saving all this money is a blessing of e-Commerce.

It can be done with a broader reach and more informed way with Flipkart. Just spend a fraction of money and join hands with the giant of the Online selling world and have access to success.

Well-established Logistics network

When you enter into online selling, you will think about how to deliver your product, what is the best way out, and everything. When you become a seller on Flipkart, you need not worry about the product delivery part. You can use Flipkart’s logistics network.

The chain of command is well-settled in Flipkart, with around 200 Plus hubs, and around 10,000 delivery agents; the product delivery process goes smooth and easy without any hassle.


Conclusion


The world of eCommerce has numerous opportunities for sellers; by choosing the right path, you can see your business flourish. The main idea is to stay updated and get going with a good profit margin. When businesses are combined with technology, results can be overwhelming.

We have discussed the different aspects of selling on Flipkart, including listing products on Flipkart, display, pricing, logistics, etc. It is a matter of fact that to reach new heights; sellers need to have a wider reach, which helps escalate the business.

The whole motive of selling online can be put together, getting tremendous market access without levying high costs and maintenance. Websites like Flipkart enable your business to flourish in extraordinary ways.

New to Amazon Selling? Must know these terms

New to Amazon Selling? Must know these terms

The world of eCommerce has engaged every single corner of our lives. The buyers and sellers must stay informed and updated with the daily changes. Amazon, one of the most trusted and prominent online selling platforms, has sellers from every corner of the world. New sellers on the platform need to be very handy with the key terms.

The technical aspects of trading with Amazon can become chaotic for new sellers, and this is the sole reason you must be updated and informed about some critical trending terms and words.

Getting along with the trend

A flourishing business must have routine operations that boost up the business and help you aim the bull’s eye. The world is trading on e-commerce sites, sellers, and customers from different locations in the country.

Although, the trading which goes on these platforms has a whole different set of modes of operations. You can easily manage them with some eCommerce Software for Online Sellers like eVanik OWS, which provides a wide range of services for E-Sellers to manage their back office operations efficiently.

Critical terms for Newbies for Amazon trading

SPN (Service Provider Network)

Sellers often face issues selling their products on Amazon; they generally get stuck on the Amazon seller panel. Then the SPN comes into play; Amazon has several qualified third-party service providers willing to help you with your selling account. We know that a good business must have a well-settled operational system. It depends on the type of issue that a seller is facing on the platform.

You will get assistance and complete support from the SPN. Let’s say sellers may feel that the products need to look more vibrant and should be available in high-quality images in the display section to get more deals; you are free to take help from the SPN. Assistance is based on the type of issue that the seller is facing.

DSP (Demand Side Platform) 

Advertising is an integral part of marketing; The platform allows its sellers to use Amazon’s customer data to encounter different shoppers who are operating on this platform for advertisement. 

The advertisement part is not only restricted to Amazon; the video and display ads are also run on the various places owned by the platform. It enhances the product’s reach to the customers.

Prime TAG

 You must have come across the prime tag on some of the Amazon products. What is this, and what is the process of getting listed on Amazon Prime? We will help you crack it.

The prime tag allows you, as a seller, for maximum exposure on the platform; the delivery time is also reduced to only two days, attracting many customers. This eventually increases the sale.

This small tag has a great business; it is one of the most important reasons for increasing sales. Becoming a prime seller is easy; apply for it and get it. Then see your business flourish with unexpected results. 

Buy BOX 

We have come across the Amazon platform many times, many sellers are selling a single kind of product, but only one will get the buy box. It works straightforwardly, and whenever the buyer clicks on buy now or add to cart for any product, the customer will eventually buy the product from you only. 

This feature is given to you only after completing some of the main criteria set by Amazon. The selection process is also straightforward; there are some benchmarks on which it is given to a seller, like performance, service quality, order defect rates, and your duration of affiliation as a seller with Amazon.

FBA (Fulfillment by Amazon)

When amazon sellers outsource their shipping to Amazon itself, this service provides the advantages of customer service and returning of the order if the buyer returns for any reason.

The idea is to smoothen the seller’s work, as this FBA part shortens up all the delivery and customer handling processes on the seller’s behalf.

With this option, Amazon stores, packs, picks, ships, and delivers your product to the customer. The seller must contact the nearest fulfillment center, and then the rest is done by Amazon itself, which lessens the seller’s burden of the backend work incurred in delivering the product.

ASIN (Amazon Standard Identification Number)

Amazon has numerous operation ideas and ways; each one is there for different sorts of scenarios. ASIN is a vital part; it is used by Amazon, which helps them identify and track products on the platform from different sellers.

An Amazon exclusive feature gives reasonable customer satisfaction, and the seller stays updated through it. It is a 10-digit alphanumeric character code.

DS (Drop Shipping) 

Another important term that all the sellers should be aware of is DS which means drop shipping. In this method, products visible on the Amazon platform are not kept in-house.

Whenever the buyer orders any product, the store will purchase it from a third-party seller and deliver it to the concerned customer. This method evicts the warehouse part in which the product is stored. It gets purchased based on the orders.

SKU (Stock Keeping Unit)

 The Stock Keeping Unit, which retailers use to keep track of their inventory, is a unique number consisting of letters, brands, and numbers per the manufacturer or brand. Sellers generally confuse the bar code, and the SKU is entirely different. 

SKU is unique for a seller or a particular business. It is used in warehouses, retail stores, and catalogs. eCommerce Inventory Management is critical for sellers to keep their customers satisfied. 

IPI

It stands for the Inventory Performance Index, generally called IPI. It is done to calculate the effectiveness of a seller with the maintenance of the FBA inventory. Different factors affect the Inventory Performance Index Score. 

Popular products should always be very high in number in your stocks to maintain a reasonable customer satisfaction rate without getting out of stock; these things can sometimes get tricky when managed manually. Although, for a smooth operation, you can opt for eVanik for eCommerce Inventory Management.

Conclusion 

These terms will be used all day long with your trend going on with Amazon. A seller must be aware of the needs of the business according to the market in which they deal. It makes the business handier.

You cannot afford to lag in this highly competitive eCommerce world. Usage of the skills in the proper manner helps the business to flourish unexpectedly.

7 Ways to Scale-up Your eCommerce Sale During Off-Season!

7 Ways to Scale-up Your eCommerce Sale During Off-Season!

Associating with eCommerce businesses requires robust sales, whether in-season or off-season. We are referring in-season to the festive season; this time of year can provide you with many opportunities to increase your sales and compellingly upgrade your revenue. But the real challenge is up-scaling your sales during the off-season; you must wonder how to cope with the off-season to let your business survive smoothly.

The off-season is challenging for every business; sales are meant to fall down during this period of time. Your eCommerce business can not survive long if you don’t implement various strategies to upscale your sales during the non-festive season. Implementing several mindful strategies to increase your eCommerce sales during the off-season would be best. Always keep in mind that festive seasons can not land up for a more extended period, so it is essential for you, as an online seller, to plan your sale strategy for the off-season. Here in this blog, we will mention some remarkable ways to help your eCommerce business make the most of the off-season. Let’s dig in and find out what ways you can implement to increase your sales during the off-season.

Impeccable Ways to Increase Your Sales During Off-Season

Sell Daily Essential Products on Marketplaces

Since the origin of the eCommerce industry, customers’ preferences have changed, and they are more likely to shop for products from an online marketplace. Since the eCommerce marketplaces are flooding with daily essential products, it has automatically provided a chance to increase your sales during the off-season as well. eCommerce channels such as Amazon, Flipkart, and Snapdeal are into selling daily essential products to their customers. So, as an online seller, you can also grab this opportunity to hike up your sales during the off-season. Customers require daily essential products during the whole year; it does not matter whether the festivals are around the corner or not. Hence, selling such products on marketplaces can upscale your eCommerce sale during the off-season as well.

Please Your Customers Throughout the Year

The ultimate key to increasing sales during the off-season is to keep your customers engaged and provide them with a pleasant shopping experience throughout the year. You can introduce new products to attract their eyes, or you can even make them able to send them quirky messages or emails on their birthdays and anniversary and offer them some discounts on products that you want to sell during the off-season. The key is making them believe they are essential to you. This tactic can help you immensely in terms of escalating your sales off-season. To provide them with a pleasant experience, you need to keep your inventory up to date. In this regard, you can use an inventory management system to manage your inventories appropriately. Various software, such as eVanik OWS, can provide this impeccable service and help your business thrive during the off-season.

Run an Off-Season Sale

Implementing an off-season sale is also the best option to increase your sales during the off-season. Customers always look forward to some discounts and offers while shopping online. In this scenario, if you provide them exactly what they want can undoubtedly increase your number of sales. Promising coupons, sales, or launching new products pushes customers to online marketplaces. As a seller, you have to do something fascinating for your customers to attract their attention and make them shop even if they don’t want to. According to market research, more than 65% of customers wait for a sale to shop from online stores. So plan an off-season sale and inform your customers through social media posts, emails, and Whatsapp messages. Create a FOMO ( fear of missing out) that they are really missing out on some tempting offers.

Go Social and Experience the Magic

If you cannot attract customers on marketplaces during the off-season, do not get demotivated because this is certainly not the end. You still have various sources that can effectively hike up your sales no matter what. Social media platforms are great alternatives to marketplaces in terms of attracting more eyes. Customers who shop online must be on social platforms such as Facebook, Instagram, and Pinterest. So to increase your off-season sales, you can explore these social platforms and interact with a massive number of customers. Make them aware of your new products and try everything, so they click on your products and get directed to your eCommerce page. Implementing this tip can effectively increase your conversion rate during the non-festive season.

Sell Seasonal Products

Suppose you are selling AC, cotton clothes, and all those kinds of stuff meant for summer, and customers usually don’t buy such products during the winter season because they don’t need that. But the twist is if you sell the same products in winter or winter products in summer at a pretty reasonable price, you can still generate revenue. You can announce an off-season sale or attractive discounts on such products that customers mostly find during a specific season. Just in case you cannot sell some specific products during its required season, you can offer a discount on them. Customers will surely buy them in no time. In this way, you can still manage to scale up your sales during the off-season.

Offer Customized Products to Your Customers

Optimizing your eCommerce business can also provide great flexibility to your business during the off-season. If you can browse the shopping pattern of your customers, it can become easier for you to offer them customized products as per their taste. According to a recent survey it has been found that customers prefer to buy customized products as it saves their time. Hence you can use this tactic to make their shopping experience more engaging. To know the past shopping behavior of your customers, you can use centralized inventory management software, which can not only reconcile your inventory but also provide essential information regarding your customers’ preferences.

Enhance the Quality of Your Products

In the end, enhancing the quality of your existing products can be the ultimate way to upscale your sales during the off-season. Having an outstanding product can be the USP that can help you attain more and more sales even during the off-season. You need to understand that eCommerce sellers get benefits during the festive season or holidays despite selling a bad quality or underrated product. But if the quality of your product is tremendous, customers may look forward to buying them in the off-season as well. Thus, it is crucial to maintain the quality of your product if you want to escalate your off-season sale.

Conclusion

Thus, these are some effective and practical ways to help you scale up your off-season sale. Do not lose hope if you are not able to sell your products during the non-festive season. The ways mentioned above can help you immensely achieve your economic goals during the off-season. However, apart from implementing the above ways, you should also subscribe to powerful eCommerce management software to automate your backend operations such as payments, inventory, shipping, returns, and accounting. In this regard, eVanik OWS can become your ultimate support.

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.

What is Profit Margin & Its Importance For Online Business!

A Complete Guide to Profit Margin & Its Importance For Online Business!

Running an eCommerce business is challenging because of the immense competition in this field. It is hard to survive if you are not following the guidelines and are unaware of this business’s various dimensions. The latest research suggests that only 25% of eCommerce businesses survive, so managing every aspect of online business is crucial. To know the growth graph of your online business, it is essential to calculate your profit margin ratio.

To know the actual position of your business, it is imperative to know how much profit you are making from it. Running a business blindly can become the most prominent reason for business failure.

If you are new to this eCommerce business, you may find it much more challenging to manage your finances and calculate your profit margin. However, accounting software for eCommerce can help you manage your accounts efficiently, and once you can manage your finances properly, it will become much easier for you to know your profit margin. In this blog, we will mention what profit margin is and why it is vital for your eCommerce business.

What is Profit Margin?

A profit margin is a figure that is retained after deducting various expenses. In simple terms, we can say that, after selling your products successfully, what revenue you generate by selling one individual product category is known as the profit margin. A higher profit margin ratio indicates your eCommerce business’s good financial health. There are three significant types of profit margins that we are going to mention in the following points.

Gross Profit Margin

Gross profit margin usually refers to profit on a specific product or service rather than the entire online business. Analyzing the gross profit margin can help you determine the pricing strategy because a low gross profit margin means you need to bring changes to a specific product to make it worthwhile.

To calculate your gross margin profit, you need to subtract the price of products sold from net sales, divide the outcome figure by the net sales and get the ratio; you will get the gross margin profit in the form of a percentage. The formula is; [Total revenue-COGS]/Total revenue(x100). It can help you to bring changes in the pricing of your products.

Operating Profit Margin

The operating profit margin indicates how much the profit ratio you attain after spending money on some of the indirect expenses to run your business. It is generally calculated by dividing the operating profit by the total amount of revenue. Comparing the operating profit margin with the gross profit margin considers a range of other operating expenses such as warehouse rent, shipping charges, eCommerce platform fees, etc.

Most sellers don’t calculate the operating profit margin with the other expenses. Still, the collective calculation of such expenses can provide you with a clear insight into your business’s profit, and you might get to know how these expenses affect the profit of your online business.

Net Profit Margin

Net profit margin basically showcases the exact profit of the business after subtracting all the other expenses, including the cost of products sold, operating costs, and other expenses and taxes. Net profit margin gives you an idea about the overall success of your eCommerce business. If you acquire a higher margin rate, it indicates that your business is doing well.

If it’s not, it can be a matter of concern for you, and you must work on it religiously. On the other hand, you can also use the net profit margin to compare your business performance with your competitors as well. The net profit margin is the exact revenue of your business, and you must have clarity on it. In calculating your net profit margin, it is essential to manage your finances first; for that, you can use accounting software for eCommerce.

How to Increase Your Profit Margin?

Cut Down Your Operating Expenses

To increase your profit margin, it is best to minimize the costs of your operational expenses. However, knowing what you need to cut down on your operating expenses is quite challenging. It can be tricky because there are various essential expenses you can not reduce, such as several fees, charges, and taxes.

To successfully reduce operating expenses, you need to analyze your business operating expenses closely; only then can you decide what you can cut down and what not. Instead of taking first-hand services, you can optimize and outsource them successfully.

Hike up Your Product Price

Generally, eCommerce sellers have this fear that if they raise their product prices, they might lose their essential customers, or their customers may abandon them. However, if you provide a pleasant shopping experience to your customers and they are already happy with your product, you can increase your product prices.

We are not saying that it will be easy for you; you need to use some psychological marketing tactics. For example, if you are selling a single product for Rs.150, it will be great to sell a combo product at Rs. 200. It can be a great idea to increase your product by selling one item at an average price and one at an increment price. Such a tactic can help you attract more customers as they might think they are getting a good deal. This practice can help in increasing your profit margin immensely.

Increase The Customers’ Trust

Whether you believe it or not, you need to understand the fact that the trust of the customer is everything you require to run your eCommerce business and increase your profit margin rate.

As an eCommerce seller, gaining the customer’s trust is essential. Now the question is, how will you do that? Well, in this regard, an enormous number of reviews on your product page can help you with it. Positive feedback or reviews have the impeccable power that develops trust in your potential customers and makes them invest in your products.

Increase Your Average Order Value

It is vital to increase your profit margin to increase your average order value(AOV). If you are unaware of the average order value, you need to know that AOV is the average amount a customer contributes per transaction in your online store. To calculate your average order value, you need to use a simple formula; Divide the total revenue by a total number of orders, and the outcome you will get is your average order value.

As an online seller, you can receive higher profit margins by increasing your AOV, and to increase your AOV, and you may require forcing your customers to spend less money. You can offer them free shipping on any exact order amount. You can implement upsell and cross-sale and offer them a complementary product along with any specific product they want to buy.

Conclusion

Hence, these are some of the ideal ways that help you to increase your profit margin. In the points mentioned above, you might have understood why it is essential to know about the ratio of your profit margin graph. Now, undoubtedly, we can say that enhancing profit margins is a profitable strategy for your eCommerce business.

A higher profit margin can make your business stand out from the competition and make it sustainable for longer. It doesn’t matter how new or old your eCommerce business is, you must know about your profit margin and manage your finances accurately. In this regard, you can use eVanik OWS’s help for compelling management of your accounts.