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4 Ways Amazon Inventory Mismanagement Is Stealing Your Revenues

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Inventory is the spine of all businesses whether online or offline. However, when it comes to e commerce endeavors in top marketplaces like Amazon, managing inventory can be a very daunting task. The nature of ecommerce selling per se, inexperience in the part of sellers, ever changing moods of marketplaces etc; everything plays up in creating a mini black hole that tends to suck out a significant part of your profits.

Following are 4 of the most common ways in which Amazon inventory mismanagement has been affecting seller revenues worldwide…

Overstocking –

You may be very optimistic about future sale of your products, but this is no reason to overstock your warehouses. Overstocking is inevitably linked with overspending for space that will not be required any time in the near future. In fact, warehouses of all top marketplaces are known for charging extra for stock that does not move for a specific period of time. The time period usually ranges anywhere from 3 months to 6 months.

Faulty or no integration with FBA –

Sellers that don’t integrate end to end with FBA often lose track of their inventory to loss making levels. Poor or faulty integrations also lead to similar outcomes. With no means of keeping track of shelved inventory that brings no sale or profits, sellers end up paying for the space this unproductive stock takes up. This leads to steady seepage of revenues that could otherwise be used productively.

Warehouse mismanagement –

This applies not only to sellers that sell particularly in Amazon but multichannel entities as well. In integrated performance of top marketplaces and shopping carts like Amazon Walmart Volusion etc, sellers need to ensure that the number of warehouses engaged is relevant. Initiating end to end syncing of all warehouses enables management of inventory inflow or outflow etc in one single user interface.

Tasks like moving stock from one inventory to the other also get easier and more productive with integrated warehouse management.

Adding products that don’t sell –

Adding marketplace friendly products is very necessary to ensure healthy movement of stock from warehouses. Unpopular and unsuitable products are usually those that clog warehouse space and make sellers bear bigger costs for nothing at all. if you have products as these in your listing, it is always wise to relist the same with attractive offers to get them off the shelves or recall them altogether.

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5 Steps To Responsible eBay Inventory Management

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Inventory management is still one of the biggest challenges that eBay sellers face on a regular basis irrespective of their nature, volume or experience levels. Cases of over and under selling, explosive warehouse charges, ever draining revenues, warnings from eBay etc. are reported almost every single day by sellers in this marketplace at a global scale.

Proper eBay inventory control measures can however, ensure solving the issue by leaps for extended productivity and revenue generation. Following are 5 steps to responsible management of inventory in eBay that successful sellers usually swear by…

Educating yourself about best practices at the onset always helps –

Learning what to expect and what not to expect while managing inventory in eBay is the first step to making the right decisions as far as designing productive management strategies is concerned. Educating yourself about tools and software requirements for the purpose also goes a very long way in staying in the right track through the vigorously evolving nature of this marketplace.

End to end integration including the supply chain source is imperative –

You cannot manage inventory in eBay successfully without proper end to end integration working in your favor. And yes, this includes the supply chain source as well. At all times you are required to be in tune not only with what flows in and what flows out, but also with what you may have in stock or may not have in stock over the next month / quarter depending upon the temperament of your supply chain source.

Demand prediction is not a myth –

How well you manage your inventory in eBay depends to a significant extent on successful demand prediction as well. The importance of demand prediction is universal in ecommerce and is applicable to Amazon, Jet.com, Walmart marketplace sellers and entities performing in all other ecommerce platforms for that matter.

Engage warehouses and warehouse space responsibly –

Warehouses have often been cited as reasons that cause maximum seepage of revenues and that too imperceptibly. Therefore, learning about responsible usage of warehouses as well as integrating with the same end to end can be one of the best approaches for infallible inventory control in eBay.

eBay FBA can be productive only if you know how to do it right –

Lastly, FBA can be a blessing as far as maintaining order completion standards without flaws is concerned. However, if you are clueless about how much FBA will cost and the level of control you may have over your inventory when it is shipped to FBA warehouses, things can get difficult. Therefore, learning about eBay FBA before approaching the same can help boost inventory control in this marketplace.

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5 Hurdles All Sellers Need To Face In Multichannel Ecommerce

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How does multichannel selling help in ecommerce?

There are hundreds of power-packed advantages of multichannel selling that have made the practice more of a norm these days than otherwise. Some of the most irresistible advantages include…

Instant boost in purchase motivated traffic generation
Increase in sale by 50% to 100% or more depending upon the marketplaces chosen for the purpose
Healthy and sustained growth of the seller through the uncertainties of the ever changing e commerce landscape
Profits basically sum up the final motivation for multichannel ecommerce

5 Hurdles all sellers need to face in the process…

Too many orders from too many channels –

And that too with individual requirements specified for each marketplace… this can get nightmarish if sellers don’t arm themselves with the most robust order management systems that are further fortified with proper tools and software solutions.

Pricing hassle –

Different marketplaces have different specifications for pricing and some have the same. Top marketplaces like Walmart, Amazon, eBay etc. can be mentioned in this respect, where each marketplace expects its prices to be the lowest and the most attractive. The consequences of failing this expectation can be traumatic for sellers that need to strike a middle ground while managing their presence in all.

Feed management can get crazy –

While it is true that data feed management softwares of high quality can address the issue of multichannel feed management easy, the process is still not without its share of confusion. Every marketplace has its individual set of feed management specifications that requires sellers to spend sizeable amount of time and effort to strike a productive balance.

Operational costs may increase manifold –

Warehouse engagement, marketplace fees and commissions, fees for order completion systems, CPC in comparison shopping platforms… and the list goes on and on.

Solution…

Choose marketplaces and comparison shopping platforms wisely before spreading out. For all you know, it is an established fact that productivity and growth lies in quality and not quantity.

Integrate end to end preferably with the assistance of professionals. This will save you from possible human errors and faults.

Choose ecommerce tools and software solutions wisely. Your aim is to make your multichannel selling efforts as streamlined, harmonious and automated as possible, without bulking up your operative system.

Investments are necessary to experience the best results. Therefore, cheaping out is not an option.

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4 Expectations Of Walmart From 3P Sellers

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Walmart.com has opened its floors for 3P sellers but with conditions. The marketplace expects this new and promising lot to live up to certain terms and conditions failing which the concerned sellers can lose their position in the marketplace forever. Generally, 4 core expectations of Walmart from 3P sellers have been identified till today and they can be listed as follows…

Following lowest price policy to the last word –

Walmart does not care if you sell on Amazon, eBay or other top marketplaces as such. When you sell on Walmart, you will have to ensure that your list price is the lowest in comparison with all other marketplaces of your presence even if it is by a penny. This usually causes a lot of trouble in integrated e commerce selling mostly because lowest prices have always been one of the primary traffic drivers and top marketplaces cannot accept their sellers diverting traffic to other platforms of sale.

Maintaining very healthy order fulfillment system –

This is one of the pre conditions of being a part of Walmart.com in the first place. Walmart takes into account the nature and health of the order fulfillment system of the applicant seller before giving the entity a go-ahead. Walmart basically expects sellers to ensure that buyers / customers in this marketplace receive their products without any hassles like delays, cancellations etc.

A strong order fulfillment system is also one of the main criterions that determine visibility in Walmart.com. End to end integration involving shopping carts and other marketplaces of presence like Shopify jet.com Walmart integration etc. can help in maintaining high order fulfillment standards.

Offering high purchase experience to buyers –

High purchase experience basically refers to the entirety of the purchase process involving locating the product on Walmart, clicking on the same, being convinced with the quality and price, experiencing low or no shipping / handling charges followed by healthy fulfillment of the orders without the necessity of returns. 3P sellers that manage to offer such levels of excellence in their services can expect to remain in high visibility in the marketplace for a very long time to come.

Diverting external traffic to Walmart.com –

Walmart expects 3P sellers to ensure driving more purchase motivated traffic towards the platform. Therefore, all attempts at proactive marketing that diverts traffic from digital media platforms, affiliate sites or other associated platforms to Walmart.com can result in very fruitful consequences in the part of the sellers.

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5 Attributes Of Jet Marketplace That Makes Selling Easy

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With a little over 2 months left to complete 2 years in the world of productive e commerce, Jet.com has established itself as one of the most promising e commerce marketplaces that any seller can look forward to joining this year. Launched as a strict competitor to Amazon, this marketplace is expected to close in performance gaps with the latter to a significant extent by the end of 2020. As of now, sellers have everything to gain from the Jet marketplace in terms of speedy growth and revenues. Here are 5 other attributes of this platform that has made it practically irresistible for e commerce selling enthusiasts at large…

Categories and wide –

While it is true that Amazon and eBay have much wider categories than Jet.com, the latter still houses an expansive scope which makes the platform compatible with just about any selling entity whatsoever. From grocery and baby products to outdoor equipments and sports accessories, the marketplace is open to anything that regular online shoppers are interested in.

All sellers are welcome –

Unlike certain marketplaces like Walmart.com which has strict policies as far as 3P sellers are concerned, Jet.com is open to all. The ability to perform in the marketplace is irrespective of the volume of the sellers or the levels of their experience. This has been a massive blessing for newer and smaller sellers.

Integration is easy –

There may have been a time when Jet.com integration was considered a nightmare. However, it is not so any more. Whether complex integrations like Jet Magento Walmart integration or syncing with the API of the marketplace, e commerce software developers have readymade solutions for one and all. As icing on the ake, these solutions are affordable too.

Competition is low –

With only a couple of years to its existence, Jet.com is one of those marketplaces where competition is blissfully low. While e commerce gurus have predicted that competition in this platform will rise in the forthcoming months, there is still a really long time for the levels to match that of Amazon or even eBay for that matter. Therefore, sellers in Jet.com can access easy visibility, traffic and conversions for a longer period of time.

Inviting buyers is on the marketplace –

Lastly, Jet marketplace has planned an enormous amount of money for advertising purposes which is expected to invite millions of prospective buyers into the platform without the sellers having to try too hard.

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4 Reasons Sellers Find Jet.com More Favorable Than Amazon

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Jet.com is expected to rise as one of the biggest threats to Amazon in the near future, but certainly not at the moment. Whether it is with respect to product categories, seller advantages, buyer benefits, unique visitors, revenues, profits or any other metrics for that matter, Jet appears to be far-far away from its goals. Irrespective of its flipside though, the Amazon Jet.com difference appears to be working very favorably in the part of sellers at large. In fact, here are 4 good reasons why sellers are finding Jet.com more productive in terms of selling in comparison with Amazon…

Competition is lower –

To begin with, being barely two years old, Jet.com has very few sellers compared with Amazon. While this may be reflective of the herculean miles that the marketplace has to cover in order to win completion with Amazon, it is also reflective of the fact that the present sellers can enjoy bare minimum competition in this platform. This is also reflective of the fact that sellers will have to do very little to win visibility and bag sales as compared to the maddening efforts that is required to gain the same level of advantage in Amazon.

API integration has become simpler –

Jet.com integration has always been a matter of concern with sellers at large as compared with API Walmart or others of the like. However, over the past couple of months, e commerce solution developers have figured out functional means and methods to approach the process without much difficulty. In simple words, easy, effective and pre designed software solutions and tools can be accessed today with minimum investments, which has been a blessing for enthusiasts that wish to establish easy operations to the marketplace.

Fee structure is more comprehensive than Amazon –

There is no doubting the fact that the fee structure in Jet.com is far more comprehensive and convenient in comparison with Amazon. Therefore, sellers can choose to get going without the assistance of fee / profit calculation softwares and yet, land with profit building prices.

Traffic generation through advertisements is shouldered by the marketplace –

Unlike many other marketplaces, Jet.com has taken the matter of advertising and traffic generation upon its shoulders thereby assuring sellers with optimum levels of traffic all through the year. Piling it up with the individual marketing efforts of sellers in terms of social media, affiliate platforms etc, the route to sale and profits is always glorious.

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What Makes Walmart Partner API Irresistible

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The partner API system of Walmart.com has been attracting the attention of sellers mostly those that have been taken for a ride by complex and rather incomprehensive systems offered by many otherwise promising marketplaces. Third party sellers in Walmart online marketplace have in fact, confessed that the entire process of establishing productive presence in the platform right from setup to going live with listing has been made possible wholly and solely by the API system of this unique selling platform.

Following are 4 good reasons why sellers find Walmart partner API integration irresistible

Operations have been reported to be error free till today – Partner API of Walmart.com is known for being in tune with REST standards which is reason enough to believe in the effectiveness of the same. The system is updated very regularly and the sellers are kept in tune with the changes. The partner API has been recognized for possessing proactive attributes that allows sellers to evolve with the evolving nature of the marketplace.

Issues if any are addressed quickly and effectively –

Partner API issues as reported by sellers have been very less in number, all of which have been addressed very promptly by the respective solution providers. This has played a very significant role in enhancing the dependability of the partner API system allowing more and more sellers to approach the same with confidence.

It is truly easy to integrate with –

Unlike Jet.com API integration, partner API of Walmart online marketplace is very easy to integrate with either by experienced sellers making an unassisted attempt or by those that have employed the assistance of professional e commerce solution developers. The latter is considered a better idea mostly because professionals especially the official integration partners are in possession of readymade solutions that can be put to use almost immediately without the fear of errors.

Costs are bearable –

Lastly, Walmart partner API integration is bearable in terms of expenses especially when professionals are involved. This has been mentioned as one of the pivotal reasons why new selling entities in this marketplace find it very irresistible.

API solutions for Walmart online marketplace has a literally all inclusive scope that stretches all the way from listing to order fulfillment and more. The developers are presently working day in and day out to enhance the scope of this solution even further making it one of the most comprehensive yet approachable solutions that have ever existed in the world of ecommerce. This is also expected to play a part in helping Walmart.com gain an edge over Amazon.

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4 Steps To Healthy Amazon Inventory Management

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Quality of Amazon selling and proportion of seller success is directly dependent upon the quality of inventory management in this marketplace. As has been witnessed over the past few years, problems like order defect rates increasing over 1% that is usually caused by order cancellation initiated by the sellers owing to over / under selling, can lead to immediate loss of ranking or suspension of the seller in this no nonsense marketplace.

Besides this, mismanaged Amazon inventory, especially those that are spread over multiple warehouses including FBA warehouses can directly result in profit drainage that can compromise monthly / annual revenues to a significant extent. To remain in the safer side of things, here are a few steps that sellers can embrace to initiate an yielding and harmonious inventory management process per se…

Always start with streamlined inventory to prevent over stocking –

Even if you are experiencing the best of demands, it will always work in your favor to maintain your inventory at a manageable level. Prevention of overstocking can instantly address a number of annoying issues starting with losing track of immobile inventory that eats up space and cost while not generating any income in return.

Maintain healthy relationship with the supply chain source –

Maintaining a healthy relationship with the supply chain source forms the back bone of maintaining streamlined inventory. This goes a very long way in proper demand prediction which helps sellers stock the right volume of inventory at the right time while generating maximum demand for the same.

Properly integrated feed management like Magento Amazon feed etc always helps in moving out the inventory faster which again contributes to lower warehouse costs and enhanced revenues.

Integrate with real time benefits –

Inventory integration is critical for third party Amazon sellers that do not receive any benefits from the marketplace in this respect. Approaching professional integration services is imperative for staying in tune with the evolution of the marketplace and its requirements. Real time inventory integration is one of the most important features that all sellers must insist upon for effortless yet error free performance.

Always use fee calculation tools –

Lastly, using fee calculation tools to manage inventory costs especially the super structure of FBA charges, can work wonders in terms of cost cutting and revenue management. While fee calculation tools are not intimately linked with the process of inventory management per se, they certainly add a boost to the entirety of the system for enhanced seller benefit.

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3P Seller Guide To Walmart Marketplace

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Walmart e commerce marketplace is a platform of opportunities for infinite reasons. The induction of 3P sellers has been one of the most crucial phases in the steady and speedy development of this marketplace allowing it to attain the second position in USA after Amazon.

Opening up of opportunities however, does not necessarily translate into immediate profits in the part of Walmart third party sellers considering the fact that the latter need to abide by a long list of rule only to maintain visibility and remain in the good books of this marketplace.

This basically requires the sellers to be thorough with the rules before approaching this platform in the first place. Here are 5 such rules that need to be taken into account urgently by all third party sellers from the first day on…

  • Move on if your application is not accepted or is delayed for an indefinite period. Sometimes it is better to let go than hang onto an opportunity that can never be yours. Walmart.com is known for possessing a soft corner for category leaders and brand owners. If you are neither, it is remotely possible that your application will ever get green signal from the marketplace.
  • Once accepted, set up and integrate flawlessly to have a healthy debut. Walmart.com has partnered with some of the most ingenious e commerce solution developers that are equipped to offer flawless head to toe integration services with the aid and assistance of top performing tools and software solutions. Unlike common belief, these solutions are very affordable, compact and comprehensive as well. Therefore, sellers need not think twice before approaching the same for the sake of achieving a healthy head start.
  • Respect the rules established by Walmart especially with respect to product pricing. Walmart.com assures lowest price in all products across all product categories to its loyal buyers. Maintaining this rule thus critical for the sake of sustained visibility and high ranking.
  • Using necessary tools and software solutions is important for gaining better visibility. This can be with respect to end to end multi channel integration like Magento eBay Walmart or for basic operational processes like listing, inventory / order management, review management, optimization or anything else for that matter.
  • Amazon sellers need to be extra cautious all the time mainly because Walmart has laid out a special set of pre and post set up requisites particular to this lot. This is not only with respect to prices that need to be lesser in Walmart than in Amazon, but also with respect to driving more traffic to the former than the latter.
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5 Reasons Why Smaller Sellers Are Loving eBay Amazon Tools

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In the very recent past, thousands of smaller and often cash crunched sellers in eBay and Amazon dreaded approaching advanced tools and softwares solutions to improve the scope and performance of their business. However, all thanks to the extended efforts of new age e commerce solution developers that the very landscape of eBay Amazon tools has transformed for the better. At this moment, 5 very relatable reasons can be stated why this group of sellers is ever more confident as far as approaching these improved, innovative and evolved solutions is concerned…

Affordability –

From the time ecommerce tools made their debut till today, there has been massive improvements as far as affordability of these options is concerned. Right now, sellers can actually avail highly functional solutions at cheaper and justifiable prices.

Suitable features –

Smaller sellers usually do not need very high end features that larger and more voluminous sellers often require. Availability of tools with moderate automation features as well as utility enhancement features these days has made it ever more convenient for the former to approach the same.

Easy and comprehensive usage –

More often than not smaller sellers need to rely on themselves when it comes to installing and integrating the eBay Amazon tools with their respective operative systems. This is mostly for the sake of saving costs that are associated with hiring professionals for handling the task on behalf of them.

The aspect of ease and comprehensiveness in usage, installation and integration of these tools has played its part in making smaller sellers fall in love with these solutions. Professional support however, is necessary for serious integrations like eBay Walmart Bigcommerce syncing etc.

Approachable customer support –

More often than not, cheaper or free tools and software solutions do not come with end to end customer support. For a very long time this was a pivotal reason why smaller sellers did not approach these support systems. At present, many innovative e commerce solution providers have come up with suitable customer support plans that can help sellers avail the necessary assistance as and when they require.

Possibility to enhance scope of business –

Almost all ecommerce solutions these days have evolved enough to include ample possibilities to enhance the scope of the concerned businesses. This has allowed many smaller ventures to expand beyond their existing limits while attempting a greater boost in terms of growth and profits. There could be no better reason for sellers to love these softwares a little more every passing day.

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