Latest eCommerce Trends of 2022 That Sellers Must Know!

Latest eCommerce Trends of 2022 That Sellers Must Know!

It is 2022, the era of new technologies, ideology, and efficiency. Along with all these, the eCommerce industry is also evolving, and you must consider the latest trends to help your business grow more quickly. If you are already an established player in the eCommerce industry, you must be aware that there are various disruptions in online business. That is why every seller should adapt to the latest market trends. There are a few new trends that you can see this year. It can prove to be a breakthrough year for eCommerce businesses.

Today technology is considered the backbone of the eCommerce industry. The latest software, AI-based technologies, and Speedy delivery are three major requirements of upcoming eCommerce trends. These are essential to provide a hassle-free shopping experience to the customers. In this blog, you will get to know some of the brand new trends in the eCommerce market in 2022. As a seller, you must look out for these trends and make selling your products on various eCommerce platforms easier. Let’s see what these trends that you should follow this year are.

Watch Out for These Latest eCommerce Business Trends of 2022

Origin of New Marketplaces

The eCommerce industry is currently dominated by several giant marketplaces such as Amazon, Flipkart, eBay, Myntra, etc. We are also experiencing the emergence of social commerce platforms such as Blinkit, Instamart, Big basket, Zepto, etc. Additionally, the number of D2C(Direct-to-consumer) marketplaces can also increase by the end of this year. It is predicted that the major B2B businesses are expected to grow by more than 65% in the coming years. Thus as a seller, you have immense opportunities to make most of these platforms to set up your own online business and generate decent revenue. If you are new to this industry, you might experience difficulties fulfilling your valuable customers’ demands. In this regard, you can take the advantage of any online order management software such as eVanik OWS.

Speedy Order Fulfillment

In the current scenario, customers want their order within the minimum time. As predicted this competitive market will grow more than ever in 2022 as more and more sellers can get aboard. It can develop a quick delivery format among them to please their customers as soon as possible. Specifically, customers who buy their products from prominent eCommerce platforms such as Amazon, Myntra, and Flipkart expected a shorter delivery time. The requirement for hyperlocal fulfillment is also increasing these days. To establish your online business in such a trend, you will require the help of any eCommerce order management software such as eVanik OWS. It can accelerate the entire order fulfillment process by providing automation. Thus, it can become easier for you to deliver the order in the shortest time at the customer’s doorstep.

Requirement for Inventory Management Software

With the expanding growth of the eCommerce industry, customer demands have also been increasing with each passing day. To fulfill their demands on time, as a seller, you need to keep a check on your inventory. Your stock should always be up to date, never to give your valuable customers the experience of Oos(out of stock). In this regard, inventory management software such as eVanik OWS is the essential requirement for this hour. It provides real-time updates of your inventory across channels and protects you from the horrible situation of Out of stock. Accurate inventory information can diminish all the difficulties of the order fulfillment process. You must know how much inventory is available and how much you need to refill. A poor inventory management system can lead you to a failed business.

Multi-Channel Selling System

As you already know, many eCommerce website platforms will emerge this year. Customers are already making their purchases from various eCommerce platforms. So as a seller, it has become the priority to sell your products on multiple channels to reach your targeted customers from various regions of India. If you pick only one eCommerce platform, such as Amazon, to sell your products, you will miss out on those customers who prefer to shop from Flipkart or Myntra. Thus it is better to spread your wings and take advantage of multiple eCommerce platforms. However, it can become challenging for you to manage the orders from multiple channels. But do not worry because you can take the help of multichannel order management software to ease this issue. It can provide you with all the essential information regarding your orders under one single panel and make it a smooth process to fulfill your orders quickly and seamlessly.

Expansion of the D2C Business Model

This year, the world can see an increment towards the D2C(direct to consumer) business model on a larger scale. It is predicted that sellers and brands can switch their businesses to a D2C model and start handling manufacturing and distribution independently. However, in India, various D2C business models already exist and earn a lot. Sugar, Mamaearth, Boat, Beardo, etc., are some of the prominent D2C business companies in India that are quite popular among customers. This model provides straightforward access to serve your customers accurately. It also provides you the liberty to make your brand and mark your presence in this competitive market. It also allows you to connect with more customers.

Conclusion

Hence, the points mentioned above are the latest upcoming eCommerce trends for 2022. Keeping all these factors in mind can help you make more of this industry. Always keep in mind that this particular industry is based on the requirement of customers, and if you want to attain rapid success in your online business, you need to evolve with time. To meet the demands and latest trends, you must be up to date and always keep an eye on the above factors. The eCommerce industry can help boost sales and revenue in 2022 if you follow the above trends. If you find it challenging to follow, you can take the help of order management software to automate the order fulfillment process. It can help you with speedy delivery and provide the ultimate customer experience. You also have to adapt completely to profit from these latest eCommerce trends. So, being an online seller, you should go with the flow to make your eCommerce business a successful affair.

Best Practices of Seller Management to Outshine in eCommerce Business!

Best Practices of Seller Management to Outshine in eCommerce Business!

The acknowledgment of eCommerce marketplaces such as Amazon, Flipkart, Myntra, eBay, Ajio, Meesho, Shopify, etc. has continued to flourish with every passing year. The popularity of online marketplaces has accelerated after the COVID-19 pandemic. Customers prefer online shopping instead of stepping out of their house to a physical store. It is safe as well as convenient for customers from many aspects. While marketplaces provide the infrastructure for sellers to start their online business, sellers still require robust management and refinement to upgrade pricing, inventories, products, and fulfillment process.

Moreover, most successful sellers operate on multiple eCommerce platforms, selling products across states, which adds layers of complexities around taxes. Nowadays, customers want an effortless shopping experience. However, there is software for online sellers, such as eVanik OWS, that helps deliver a positive shopping experience to your customers by streamlining the back-office operations. In this blog, we have mentioned best practices for eCommerce marketplaces that sellers need to attain and implement successfully. Let’s find out why those practices are essential for an online seller. Apart from that, you will learn why seller management should be considered an essential factor in the eCommerce business.

Major Issues Faced by Sellers

Before jumping into the solutions or practices that can help sellers manage their online business accurately and efficiently, it is essential to know about the frequent issues faced by sellers.

Meager Product Catalogue Management

Numerous eCommerce sellers used to be physical store owners or wholesalers. Those who fall in this category don’t have prior experience in selling their products online. It is the fear of losing their business to eCommerce platforms that are driving them towards online selling. Since they don’t have any experience operating online businesses, they lack in creating and managing product catalogs. It can put them into a difficult position. They usually fail to list their products accurately on multiple platforms. The missing attribute of catalog management affects their rankings and increases the return rates, as customers fail to attain essential information about their products.

Frequent Interference of Brands

In the competition of selling more and more products daily, some desperate sellers are misleading eCommerce platforms to upsurge their rankings by listing fake details on products or using other attributes. In such a scenario, it has become challenging for genuine sellers to survive, as brands also question their loyalty. All these severe problems are affecting sellers extensively, and eCommerce marketplaces need to be vigilant and offer compelling solutions to sellers. However, some channels are already providing such solutions to them. If you are facing such issues, you need to move your business to platforms that help sellers resolve such problems.

Complicated Onboarding Process

Several eCommerce platforms have a complicated onboarding process, which can be the one major reason sellers have a tough time attaining success on an eCommerce platform. This issue can be resolved only when marketplaces take the initiative by making the onboarding process hassle-free. By improving the seller onboarding process, eCommerce ventures can make their sellers more comfortable.

Why Seller Management is Essential for eCommerce Sellers

To sell products on various eCommerce platforms, sellers must manage their business adequately. To provide an outstanding shopping experience to your customers, you need to manage inventories, payments, shipping, and returns in a compelling way. Without managing these aspects of your online business, you won’t be able to run your eCommerce business successfully. Poor seller management can disappoint your customers on various levels and ultimately push you towards a failed business. In this regard, you can take the advantage of any best eCommerce management software such as eVanik OWS. It can also help you manage inventory, payments, shipping, and returns by providing you with essential real-time data.

Best Seller Management Practices to Follow in 2022

Execute Onboarding Process Accurately

As a seller, if you genuinely want to grow your business and provide an efficient customer shopping experience, you must attain enough knowledge about onboarding on a specific eComm channel. To make it a hassle-free process, you need to gather all the essential information from the marketplaces and execute it accordingly. Before onboarding on any eComm platform, you must understand their selling process and sellers’ margins. Apart from that, you also need to know their guidelines for sellers. Onboarding on as many channels can upsurge your chances of making a solid customer base and helps you in generating revenue. Educate yourself enough to know all the tactics of eCommerce platforms.

Educate Yourself to Manage the Returns

Education never goes in vain, and it is essential for every aspect of life. It can become more critical when you are out there to earn your bread and butter. If you are an eCommerce seller, then you need to know each and everything about this business or get experts in your team to handle this. Order returns are one major pain area for eCommerce sellers and platforms. According to research, more than 60% of eCommerce returns are due to the mistakes of sellers and retailers. As soon as you get educated regarding the returns, the chances of returns will diminish automatically. In such a manner, you can also come along with some return reconciliation software like eVanik OWS. It can help you in managing your returns effectively.

Try Hard to Win the Buy Box Button

While operating an online business, your focus should be on winning the buy box button on various marketplaces. However, reaching the buy box button is not that easy when there is vast competition. To win the buy box, you have to follow several guidelines of marketplaces where you are selling your products. These guidelines include accurate listing, adequate shipping, frequent customer communication, and a tremendous shopping experience. All these essential factors can help you to win the buy box section. You can also take the help of the best eCommerce management software such as eVanik being used by many sellers already to automate the back-office operations. It can help you immensely in reaching the buy box button.

Conclusion

Thus these are some of the best practices you can make to sell your products hassle-free on various eCommerce platforms. Apart from these practices, as mentioned earlier, you should also include inventory management in this list. Managing inventories can also enhance your seller management. It can help you to serve your customers better and never disappoint them or let them face the situation of Oos (Out-of-stock). For outstanding inventory management, you can take the help of several inventory management software such as eVanik OWS.

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

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.

Required Features of Multichannel Order Management System for eComm Business!

Required Features of Multichannel Order Management System for eComm Business!

The rapid growth of your business can be challenging because growth comes with challenges. Attaining a suitable support system in place can make the eCommerce operations more manageable than ever. Multi-channel order management is one of the requisite support systems that can help your babu business flourish in the highly competitive online business world.

This support system is how retailers keep all of their orders and inventory control from multiple eCommerce channels under one panel. Multi-channel order management solution helps streamline ordering, fulfillment, shipping, pricing, warehouse management, and many other processes across eCommerce channels. It would be a real pain to keep track of online orders and inventory from each marketplace separately without a multi-channel order management system, especially when there are so many selling platforms available. However, there is various multi-channel order management software available there, but you need to select a robust one to maintain the accuracy of your eCommerce business. This blog is based on the information you need regarding the required features of MOM. Before acquiring one, let’s find out what features you need to look out for in a multi-channel order management system.

Obligatory Features of Multichannel Order Management System

Selling your products on various eCommerce platforms is imperative to earning desired profits. But along with multi-channel selling, your business requires an advanced multi-channel order management system with enormous features. Let’s find out what are those key features that should be there in a multi-channel order management system.

Hassle-Free Integration with Multichannel

Every multi-channel management system should connect to all the eCommerce websites on which you are selling your products. Seamless integration ensures a seamless workflow of eCommerce business. It helps you manage the order from every channel in one panel. It can help in enhancing the workflow of order processing. Individually handling the orders of each website is time-consuming and can include several errors. But taking the help of an incredible multi-channel order management system can provide you the compelling facility of managing the orders from several websites in one place. It streamlines the checkout process for customers as well.

Impeccable Inventory Management

Poor inventory management can abrupt your online sales pattern across multiple eCommerce platforms. It is one of the compelling challenges of the order management process. It could be problematic for you to manage and forecast the inventories of various platforms single-handedly. There are chances you may experience the situation of overstocking and out-of-stock products. You may run out of stock when you need it the most. It can affect the trust of your customers and ultimately affect your sales. Your inventory should always be up to date to never miss a chance to provide a tremendous shopping experience to your customers. In this manner, you can take the help of a multi-channel order management system. Some software, such as eVanik, works as a multi-channel order management system and automates the entire process of managing your inventory in an impeccable manner.

Automated Order Fulfillment Option

Delivering orders to your valuable customer should be the fastest and most error-free process, and it requires an automated order fulfillment option for that. A multi-channel order management system should be able to automate order fulfillment based on the workflow of your eCommerce business. For instance, it should be able to automatically process the fulfillment process right after a customer places an order. Multi-channel order management software such eVanik can help you with efficient order fulfillment.

Easy Integration with Multi-Channels

East integration is an essential feature of any multi-channel order management system for eCommerce. As a seller, you will definitely sell your products on multiple marketplaces to let your business survive. So it is essential that your Mom can get integrate with all the eCommerce channels you are associated with. Integration can help you gather the essential information and data from all your selling channels. You can effortlessly manage your multiple orders, inventories, payments, shipping, ad returns through an integrated order management system. Software like eVanik provides you with this excellent facility of integration with multi-channels.

Minimizes the Risk of Human Errors

In the process of managing the orders, you may experience some problems that may appear due to human errors. If you are still managing your orders manually, you may experience several errors in managing your orders and inventories. Errors may occur in the process of order picking, packaging, and shipping as well. Thus, a multi-channel order management system should have the advanced automation feature that can automate your entire system and minimize the risk of human errors. The automated system eradicates the manual work and manages the orders and other aspects of online business. In this way, it can help you never dissatisfy your customers as well.

Automation in Workflow

Automation is changing the world frequently. No work in the eCommerce business can get done without the help of automation. It is a crucial requirement of any multi-channel order management system. It should be able to automate the workflow of your eCommerce business efficiently. It takes over the time-consuming operations of online business and allows you to focus more on those aspects that need a human touch. You can effectively manage the workflow automation on your various eCommerce platforms to build a seamless omnichannel customer experience. The enormous integration of workflow automation in your order management software diminishes errors and accelerates order processing. It assures speedy order fulfillment with accuracy to your valuable customers.

Conclusion

Thus, now you get to understand what are the required essential features for the multi-channel order management system. It must have the above features because there is no use for a multi-channel order management system for your eCommerce business without them. An advanced Mom software is the need of a modern era eCommerce business. It can help you provide your customers with the fastest, most customized, and error-free online shopping experience. As an online seller, you constantly need to focus on the speedy delivery of products to the preferred locations of your customers. You need an advanced multi-channel order management system to execute this entire process effectively. This type of software must have the step-by-step integration ability with multiple selling channels. In this modern tech-friendly industry, you need to manage your orders robustly to fulfill your customers’ requirements as fast as possible. The incredible features of a multi-channel order management system can let you survive in this competitive market. With the help of this compelling software, you can be able to provide an outstanding shopping experience to your customers. Ultimately, it helps add more value and profit to your eCommerce business. Hence, you can take the help of eCommerce order management software such as eVanik to add more profits to your business.

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.

Enormous Ways to Choose the Best Oder Management Software!

Enormous Ways to Choose the Best Oder Management Software!

In the eCommerce industry order management system is essential for sellers to manage their orders expertly. One of the essential eCommerce business processes effectively helps in order fulfillment. It automates and streamlines the overall online order management process for you. Best order management software provides accurate inventory data in real-time and saves you from the horrific situation of Oos (Out of stock). OMS is vital to get a comprehensive database of your customers, including a detailed record of their returns and refunds.

The order management system productively keeps track of all your online orders and manages the inventory accordingly. Although if you are not using a compelling order management software, you may experience significant errors in the process of order fulfillment. Executing this process manually can lead you to the level of delivering disappointment to your valuable customers. Customers’ expectations are pretty high, and they can’t accept any errors from your end. To ensure that you select a robust order management software such as eVanik, never disappoint them in that terms. However, in this particular blog, we have mentioned some of the enormous ways to select an impeccable OMS for your eCommerce business.


Considerable Ways of Selecting a Tremendous OMS

In this fast-paced eCommerce business, online order management software is designed to abruptly fulfill orders among the various eCommerce channels you are selling your products. Your online business can not sustain itself without integrated order management software in this competitive industry. It is important for you to stop your customers from thinking that your service is slow, outdated, or not up to the mark as others are. To save yourself from getting into this situation, you need to add advanced order management software to your business. It will enhance your customers’ experience and prove to be a cherry on the cake. There is numerous order management software available in the market, and it could be difficult for you to identify the right one for your business. However, here we are mentioning some considerable ways that can help you select the right OMS according to the nature and requirements of your business.

Smooth Integration with Internal System

It will help if you consider an essential aspect before choosing an order management software for your online business. It must have the integration feature and should integrate with your internal system. However, some OMS can significantly integrate with your accounting, inventory, and shipping management. Easy integration assures that OMS will work efficiently and seamlessly. It also eradicates the risk of human errors and business failure. That’s why you must consider this feature before subscribing to any order management software. OMS like eVanik has a specific integration feature with your internal system so that you can go for it.

Effortless Inventory Management

Inventory management is a vital part of the eCommerce business. That’s why you must look for such an order management system that should have the animated feature of managing your inventories. It should have the ability to manage the multi-channel inventory under one panel. Oms should work in such a way that you never get into a situation of out of stock. It must have the feature of automatically adjusting the inventory on multiple eCommerce platforms while you sell your products. An effective order management software can minimizes the risk of customer dissatisfaction by organizing your inventory correctly.

Sturdy Shipping Management

How much time your customer will receive your product depends on the impactful shipping management. It will help if you always look forward to constructing a robust shipping management system. As soon as your order volume increases, it will get frustrating for you to handle all the shipping requirements manually. That is why you need ultimate order management software that can help reconcile the shipping issues and accelerate the order fulfillment process skillfully.

Ability to Provide MultiChannel Management

The order management system you select should have the ability to integrate all your eCommerce channels into one user interface. That will provide you with a clear insight of data and the total number of orders and reduce mistakes by providing all the vital information you require in one accessible place based on real-time data. You should always consider an order management system that provides multi eCommerce channel management facilities. Monitoring the sales orders of various eComm platforms through one panel can make your life easier and also diminish the chances of errors. eCommerce order management software such as eVanik has the ability to provide multi-channel management in one single panel. It lets you smoothly handle the operations of the eCommerce business through one window.

Upswing the Scalability

Ever since the pandemic, this glorious industry has opened the door to opportunities for sellers. However, It is not always possible to keep upgrading to the latest version of order management software. Thus, while selecting an OMS for your eCommerce business, you must consider the long-term requirements. It will help if you go with such order management software that can upswing your order volumes with time. So, an advanced order management system can help your online business get flexibility and scalability.

Return Reconciliation

Since returns and refunds have become an integral part of the online business, you must consider an order management software that contains the feature of return reconciliation. If your business faces return every day, it can be difficult for you to keep track of those returned orders and update your inventory according to that. Advanced OMS software such as eVanik provides the uttermost feature of return reconciliation.


Apart from these enormous ways, the first thing you need to do while selecting an order management software is to identify the requirements of your online business. Once you figure out which aspects of the eCommerce process your business is lacking, you can start looking for the solutions. In this manner, you will be able you select the best order management for your online business.

Conclusion

Thus, many software is available in the market for eCommerce order management. But you need to select the best one for your eCommerce business; the right order management system for you could be the one that eliminates almost every manual process and saves your precious time. First of all, you should determine which part of your business you need to automate and invest in software that can effectively fulfill your requirements. Remember that order management software is the uttermost need of today’s eCommerce industry. To provide your customers with the fastest, error-free, and customized order fulfillment experience, you must have one impeccable OMS. In this manner, eCommerce order management software such as eVanik can provide you with the ultimate services and help your business snowball.

Why Do You Require Accounting Software for eCommerce Business!

Why Do You Require Accounting Software for eCommerce Business!

While dealing in the eCommerce industry, you need to take care of your finances and manage your accounts successfully. Always keep in mind that you end up selling products online to earn some profits, and to keep that profit on track, you need effective accounting software for your eCommerce business. Keeping up on the books can be time-consuming and exhausting without a dedicated eComm accounting software. If you are selling your products all over India, you have to track the taxes for every state, and it can be a full-time job by itself.

Mistakes and errors in accounting and taxes can negatively affect your business. If you think you can earn profits after skipping this step, let me tell you that you’re living in denial. There is no shortcut to generating revenue by skipping the accounting process. You have to go through this if you associate with any online or offline business. To maintain the perfect accuracy in accounts, you need to speed up your business’s accounting system. In this particular blog, we have mentioned the requirement of accounting software for an eCommerce business.

Significance of Accounting Software for eCommerce Business

The traditional way of doing the accounting part increases the chance of significant errors. That is why you need to take the help of integrated accounting software, as it is the only solution to all the manual accounting and financial issues of an eCommerce business. This industry is emerging rapidly. That’s why you need to be as quick and accurate as possible. Accounting software such as eVanik OWS takes over all the responsibilities right from reconciling payments and tally integration. Apart from that, it also provides the solution for inventory management, omnichannel order processing, and so on.

The Clarity in Financial Report

To have clarity on finances and visualize the bookkeeping, you need to have a chart or graphs. Accounting software for eCommerce businesses provides you the clarity to understand your business’s financial statements in real-time. With a single click, you can get insights about all the individual orders and other expenses. This type of accounting clarity lets you consider your finances at any second rather than consulting with multiple accountants or waiting until the end of the month. It can help you learn essential information about your customers’ spending habits.

Hassle-Free Integration

Most eCommerce sellers use tally to manage their accounting part. Accounting software such as eVanik easily gets integrated with your tally prime and makes managing your accounts much more effortless. It provides you with a matching tool where you can match your sales tax report with the data integrated into tally prime. While using the accounting software, it won’t require you to install any third-party module in your tally prime because it is already integrated with tally prime through API. Apart from that, it minimizes the requirement of downloading or uploading any excel CSV (comma separated values) files from various eCommerce marketplace seller panels.

Accuracy in Bookkeeping

It doesn’t matter how good you or your team are at doing the maths manually in the eCommerce business. We are human, and humans are prone to error compared to computers. You have to understand that integrated payment processing is more accurate in any individual transaction. To maintain accuracy in bookkeeping, you need to take advantage of any accounting software. It can also screen the errors across informational categories to maintain overall accuracy. To maintain the cash flow and grow your business, you must provide accurate bills to your customer on time. The best accounting software lets you automate the invoicing as well. You can also send follow-up reminders, create recurring invoices, and accept digital payments directly from the invoices.

Integration with eCommerce Platforms

If you sell products on various eCommerce platforms, you require accounting software for eCommerce businesses that integrates easily with multiple eCommerce channels. Entering every transaction and other expenses manually includes significant errors, which is time-consuming. However, the software integrates smoothly with various eCommerce channels to provide accurate financial information and data. The software that integrates with your banking system is something that all businesses find convenient for themselves. If you are dealing in the eCommerce business and selling products on various platforms, a compelling accounting software with integration feature is something crucial you should look for.

Three Tremendous Types of Accounting Software

Cloud-Based Accounting Software

This type of software totally relies on the cloud to keep all of your financial data in one place and provide you the access to operate it from your computer and smartphones as well. Undoubtedly, it is convenient to access, but on the other hand, it does open up your data to potential hacking on a cloud. So, while choosing such software, you will have to check out the security they provide.

Cloud and Desktop-Based Software

This kind of software allows you to keep some information on the cloud and other essential information on your desktop. It can be much beneficial when you want to have some reports accessible online, but you don’t automatically want all of your business’s financial data on the cloud.

Desktop-Based Software

Desktop-based accounting software keeps all of your data rigidly on the desktop. Until or unless you export it and share it in some other way, you will not be able to access it on any available cloud networks. If you don’t want to take any risks while having your information hacked on a cloud, it will be an efficient and secure choice.

Conclusion

If you want to manage your online business’s finance efficiently, you must use accounting software for an eCommerce business. It will provide you with an instant overview of your profits and expenses, which ultimately helps you plan and fix a budget for your business. Besides this, the accounting software allows you to analyze your financial data. This can make you streamline the whole eCommerce process, manage the inventory and develop intelligent pricing strategies. All of it can help you to stay competitive in the market. So, if you are convinced that you should use accounting software for your online business, why not consider the eVanik OWS. It provides you with all the essential services required for your online business. It provides you the excellent feature of tally prime integration, Zoho books integration, Aligns books integration, and Quick books integration. Apart from accounting, it helps manage the inventory and provides the payment, shipping, and returns reconciliation benefits.