How to Make Most of Big Billion Days, for Flipkart Sellers!

Effective Ways for Flipkart Sellers to Make Most of the Big Billion Days!

The eCommerce market has introduced shopping holidays to customers from all around the world. In the western countries, they have Black Friday and Cyber Monday. In India, we have the Great Indian Festival, The Big Billion Days, Pink Friday, etc. All these sales are designed to sell out unsold products and build an enormous customer base. It can be a terrific opportunity for sellers to make the most of these sales and generate remarkable profits. Today, we will particularly talk about the Flipkarts’ Big Billion days. It is a Flipkart initiative that is proposed for customers during their great festivals like Dussehra and Diwali.

If you sell your products on Flipkart, you must know about some effective ways to help you acquire immense benefits during this time of the year. This year the Big Billion Days are going to happen between 23rd-30th September. This eight days long shopping event can prove to be a jackpot for you. You can sell your slow-moving products during this event and attract more customers to your product page by providing exciting deals. Let’s find effective ways to help you attain extreme benefits from this alluring shopping event.

What is Flipkart’s Big Billion Day Sale?

The Big Billion Day is Flipkart’s massive yearly sale event. Sellers and customers both await to attain practical benefits for themselves. This significant sale offers huge discounts on almost every product category, such as Fashion apparel, Electronic products, Mobile phones, Home appliances, etc. Every year this sale sustains eight long days and attracts millions of customers to purchase products from this eCommerce platform. Customers can save up to 90% from MRP on various products during this sale. For extra savings, they provide discounts on some popular banks’ debit and credit cards beneficially. So gear up and set up your stores on Flipkart to attract your customers and attain magnificent profits.

How can Flipkart Seller Receive Maximum Orders During BBD?

If you plan to land up in the Big Billion day sale, you need to prepare and make a strategic plan to sell your products effectively during this sale. During this time of the year, you can sell most products related to prominent Indian festivals and marriages. As a Flipkart seller, you might want to get the smartest trick and tips to increase your sales during this sale event. Here we will mention some of the crucial steps that can help you increase your sales on Flipkart.

Upgrade Your Product Information

You must know that the backend system of Flipkart automatically updates your product information to match the product with the customer’s query, making it a troublesome situation for you. This system can sometimes remove all the essential information and features from the product listing page, such as key features, descriptions, and essential keywords from the products. Thus it can be a continuous process for you to upgrade your product information from time to time wisely. Recently, Flipkart introduced a bulk product update feature. The following steps can help you with it.

  • First of all, you need to download your product catalog from the product listing page.

  • Open the catalog, check if any information has been eliminated, and update the information accordingly.

  • Now upload the upgraded product information on the listing page.

  • Listing information should be updated on this platform monthly to never miss out on higher sales.

Adopt an Inventory Management Software

During the Big Billion Day sale, as a Flipkart seller, you must process as many orders as possible in the first two days of the sale. After the first two days, your sales can get minimized, and the returns rate can increase. But to sell as many products during this sale, you need to get along with an inventory management software that can provide you with an accurate inventory report. Seasonal sales can affect the inventory holding and put you in the stock out situation. However, software like eVanik OWS can help you to tackle this situation effectively and effortlessly. Apart from that, you should make sure that you have a separate inventory for all your products. Once inventory gets sorted, you must process the customers’ orders as quickly as possible.

Run Effective Flipkart Advertising

Before the Big Billion days hit, you need to run a successful advertising campaign that can help you in upscaling the visibility of your products. To acquire effective sales, you need to get on all the major social media platforms, such as Facebook, Instagram, Pinterest, etc., to promote your products and inform your customers about attractive offers and discounts. This advertising tactic can help you attract millions of customers and ultimately receive maximum orders dusting BBD sales. You can also send attractive emails to your customers regarding the sale offers and discounts.

Offer Unique and Quality Products

Although sales are for selling slow-moving products, it can not be the scenario for all Flipkart sellers. It will help if you offer something inspiring and unique to your customers. This is the most glamorous time of the year, and customers already await to shop as per their desire and requirements. So, offering something new and different from your competitors can increase your sales and customer base. Although, always keep in mind that whatever products you offer your customers should be helpful for them and have festive vibes. For example, you can sell unique and ethnic fashion attires, decorative items, fashion jewelry, household products, etc.

Get Along with Flipkarts’ FBF Service

You must agree that on-time product delivery is crucial to any eCommerce business. However, it becomes much more crucial during sales because competitors’ platforms also run their sales this season. So, you must process your orders on time and provide tremendous customer service. Flipkart offers a complete order processing system through its FBF (Fulfillment by Flipkart) service. This eCommerce venture has multiple warehouses at different locations in the country. By enrolling in the FBF service, you can deliver your products more efficiently to your customers. You can send your products to Flipkart’s warehouse and to the location where you get more orders and let your customers enjoy the premium delivery on time.

Conclusion

Thus, these are some effective ways to let you attain tremendous benefits during the big billion days on Flipkart. Remember that the formulas mentioned above can help you receive maximum sales during the BBD, but you also need to handle your backed operations more profoundly. More sales refer to more management of external affairs. Hence, managing your accounts, payments, shipping, inventories, and returns is crucial for your eCommerce business significantly during the Big Billion Days. In this regard, you subscribe to eVanik OWS and can efficiently manage your backend operations.

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.

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.

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.

Essential Steps and Benefits of Selling Furniture Online!

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 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, compelling accounting software with an 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 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 the 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, 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 with 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?

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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.