Essential Steps and Benefits of Selling Furniture on Online Marketplaces!

Essential Steps and Benefits of Selling Furniture on Online Marketplaces!

Apart from other essential items these days, furniture and home decor items are also getting sold online. Online furniture selling is an enormous rise in the furniture industry. Wooden partitions, flooring, wooden sofa, and acrylic can help make your place more comfortable, personal, and beautiful. New era furniture makes the home a lot more valuable and worthy. The requirement for a cozy and pleasant place to relax has upsurged the credibility of selling online furniture.

It is undoubtedly quite different from other product categories but in demand and will always remain. Furniture with comfort and beauty is essential in terms of implementing the interior design at home. Latest interior design trends suggest that a touch of antiquity can add splendor and attraction to a house that is otherwise full of modern innovations. However, home decor was not in the frame a few years ago, but today, people are more fond of elegant furniture and eye-soothing home decor items. Especially, customers prefer to make their living area more pleasant and luxurious.

Every significant eCommerce marketplace, such as Amazon, Flipkart, and Myntra, has a category of furniture and home decor. If you are interested in selling such items, you can also display them in your online store. You can use the marketplaces to display your products and contact more and more customers to upsurge your sales. In this blog, you will learn the benefits of selling furniture on eCommerce platforms.

Advantages of Selling Furniture on an Online Marketplace

Believe it or not but having an online furniture store can be a profitable affair for you. You can generate more revenue in comparison to selling other product categories on eCommerce platforms. Here we are going to mention a few advantages of selling furniture online.

  • Make your Presence in the Indian Market

The enormous eCommerce industry attracts customers to buy almost everything from an online store. Now, if you have decided to sell furniture on eCommerce platforms, you must know that it can help you attract numerous customers daily. Selling furniture via a physical store requires more space to showcase your products. But on the other hand, in online business, you do not require an ample space; you just need to click high-resolution images and list them on marketplaces. Even though furniture stores appear small because of their incapacity to exhibit and provide their items to a wide range of customers, an online furniture store can scale up your business. It provides your business the exposure you require to make a market presence. Selling furniture items on an online platform can make you more popular than ever.

  • Low Maintenance Cost

Selling online furniture can serve thousands of customers with unlimited resources. Virtual customers require no help from a store manager. It can become more helpful if you use dropshipping. While on eCommerce platforms, you can save money to own ample storage space and manpower. Online platforms keep you away from such requisites; you must implement the product listing appropriately and always keep an eye on your inventory. To manage your inventory properly, you can take the help of some inventory management software such as eVanik OWS. It can provide you with real-time information about your stocks. It won’t let you face the out-of-stock situation.

  • Chance to Serve your Customers 24×7

Selling furniture via an online market provides you an immense chance to serve your valuable customers 24×7. You can resolve their queries seven days a week, and ultimately it can help you attract more customers. If you are a physical store seller, it can not be possible to serve your customers 24×7. However, eCommerce businesses have that liberty, which can also help build a strong market presence.

Vital Steps to Set Up Your Online Store

  • Find a Reliable Supplier

To sell furniture on marketplaces, it is not necessary to produce them. Instead of producing them, you can purchase them from a reliable source. It makes no such effect on your business whether you buy it from a second party or produce them on your own. There have been various ways of selling home furniture and decor items on eCommerce platforms. It will be best if you start exploring reliable wholesalers or suppliers to purchase furniture in bulk. To sell them, you can also use the drop shipping process, but if you are not doing so, then you need to keep the products at a warehouse. Being in the furniture business, you can not keep the products in your home; it requires ample storage space to store them.

  • Set Up Your Online Store

Once you find a reliable supplier, you need to set up your store on online marketplaces. You can sell furniture on Amazon, Flipkart, eBay, etc.; making money from these websites is much easier. On the other hand, you can choose the D2C model as well, in which you have to set up your website and sell your products as per your choice. However, it is advisable to sell furniture on eCommerce channels because it provides tremendous benefits and saves you money and time. Suppose if you sell furniture on Amazon, you can take their FBA service. In such a way, Amazon will handle the shipping, storage, and delivery parts; you just need to buy products and add them on Amazon.

  • Go with the Flow

Mark your presence in this competitive market; you need to go with the market trend. The furniture industry is more competitive than you believe. To attract more customers, you must sell the latest products with the latest designs. To attract customers, you should list in-demand products with higher quality and design. You should sell your products on eCommerce platforms that are available to fetch a large amount of data. Along with it, to delight your customers, you need to always take care of your inventory and logistics.

Conclusion

Hope this article provides relevant information on all you need to know about establishing and running up an online furniture store. In the massive furniture industry, making your presence can be a challenging task to do. But no one can stop you if you are dedicated to opening your online store and selling them on several marketplaces. It requires a sharp mind, reliable sources, and a compelling eCommerce platform. You are ready to sell furniture online if you have all these. However, every online eCommerce business requires a few things, such as inventory management, account management, shipping, and returns. These aspects should always be clear and sorted. If you are lacking here, you might not be able to deliver the products on time, which can affect your business. To resolve such issues, you can take the help of order management software such as eVanik OWS. It can help you with all these factors and provide a backbone to your online business.

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.

How to sell on amazon for beginners?

How to sell on amazon for beginners?

There is a step-by-step guide for every process whether to make an email ID, to make a social media account, or even to register yourself as a citizen in any country. Similarly to become a business owner you have to follow certain protocols to register yourself as one.

This blog is specially designed for the one who is a newbie and wants to become a seller on amazon. We are aiming to guide you step by step on how you can start your own eCommerce on amazon.

So without wasting any time let’s get started.

Making a Plan

First and foremost you have to make sure you are going on the right path. In order to do that you have to do thorough market research, set your business mission, and decide on a proper product analysis and financial budget.

Find your Niche

After thorough research, you have to decide what products you are going to sell. This niche will decide whether it will be profitable or not, will it stay trendy for a while or stay evergreen, what kind of impact will put on the mind of the customers and other important factors will decide whether it will give you significant revenue or not.

It is advised to select the products based on the season and fragility of the item.

Recognize your Supplier

In this part, you have to understand which supplier has the potential to fulfill your product unit requirements. In case you are the manufacturer you can ignore this part, but for the ones who are starting out you can look for websites like alibaba.com who can fulfill your order in bulk.

If you are not satisfied with the option you can go on google and find your ideal manufacturer who can provide you the quality products, low shipping charges, best prices, etc. This part mainly covers the market research.

Place your Orders

Now that you have decided on your supplier, it’s time to place your order. It is advised not to go for a large order but for small ones. Use this small order to get feedback and test your targeted customers.

Remember to stay in touch with your supplier and always check the quality of the product you are delivering to avoid any unhappy customer.

Registering yourself as a seller on Amazon

In order to sell on amazon, you need a seller’s account. This marketplace offers two types of accounts first is an individual seller and the other is a pro account. In the individual account, you will charge 0$ a month but you have to pay a dollar for every sale in the pro account you will charge 39$ per month.

So here you have the flexibility to choose according to your needs.

In order to register, you need necessary documents like GST number, business address ID, individual identification, business phone number for verification, and other important information that will be mentioned on the screen.

Create your Product List

Now that you have set your account, it’s time to list the product on your account. It is advised to optimize the products you are listing by including high-resolution images, stating out proper details with rich content, and giving some insight about the products in bullet points. Here you have to focus on making the product more appealing.

Manage your Inventory

While selling you have to pay special attention to the inventory. Keeping track of inventory level is extremely important. If you are unable to keep a proper track, you might face a situation where you might be out of that specific product and won’t be able to deliver the item the customer is asking for. This affects your brand image and hampers customer’s loyalty to some levels.

To manage your inventory you can use an efficient inventory management system that can also offer multiple features that can help your business smoothly.

Act on your Customer Feedback

It is necessary to make necessary changes according to your customer’s feedback. These feedbacks will help you recognize the gaps in your business plans and plan efficiently to generate significant revenue for your business.

These testimonials can turn out to be social proof that your products or services are authentic and are of good quality.

Conclusion

Amazon is one of the most profitable eCommerce marketplaces and if you are planning to start your business, we believe this is the right time to get in. Hopefully, you might have understood the path to start your online business. All the best in your future endeavors.