Hundreds of eBay sellers have experienced some of their gloomiest days with mismanaged inventory costs that may have taken a small or irreparable toll on their total revenues earned at the end of the month. The ‘what just happened’ scene however, can be avoided, if sellers make a conscious effort to understand all the cracks and crevices from where profits can seep out and take active measures to remedy the same.
Here are 4 effective ways to cut costs in eBay inventory management that actually go a very long way in increasing ROI significantly…
Predict demand before over stocking warehouses –
Demand prediction, when it comes to stocking warehouses can be phenomenally important in saving extra expenses. Failure to predict demands has caused thousands of sellers to overstock warehouses with products that eventually became motionless in no time at all. The truth is if a certain product appears invaluable to buyers right now, certain shifts in the market can render them not-so-popular within weeks if not months.
So, for example, if you have already stocked your warehouse with the same product by thousands of units catering to 3 months of demand or more without taking into account the fact that they may not be as useful by the next 3 weeks, you may be in for paying a massive warehouse rent for units that fetch you no sale at all. Immobile inventory in eBay is one of the most dreaded causes of useless expense.
Use softwares for real time inventory movement updates –
This will save you from being stuck with immobile products that fetch no profits yet eat up warehouse space. Perfectly integrated inventory softwares allow sellers to stay in tune with real time movement of the units thereby updating the seller about immobile stock at the right time. Ecommerce solution developers that offer smart solutions like the Walmart API key Saving can be approached for the purpose.
Generate demands in locations of delivery before piling up stock in respective warehouses –
this basically goes out to sellers that are present in a range of different locations across the nation and beyond. It is always wise to generate demands through functional strategies in the concerned location before shipping thousands of units to the respective warehouses.
If you are using FBA, use FBA fee calculation softwares to determine expenses before making them –
eBay FBA is one of the best ways to complete orders with flair. However, if you are not aware about how the FBA fees work, you may be in for rude surprises at the end of the week or month. Using, FBA fee calculators can save a whole lot of expenses that eventually reflect in healthier revenues.