When looking for quick (and big) returns, you would likely want to sell your products on multiple online platforms. Nothing wrong. However, like every good thing comes with something bad—so does this one.
Having many online storefronts might be profitable, but it’s equally hectic. And unless you have the right tools and solutions by your side, along with time management prowess, you will lose your sanity and shrink in size thanks to high stress.
Handling even one store is difficult. If you sell on Walmart marketplace, you already have a lot to manage so many things, right from product listings and feed optimization to real-time inventory management to order fulfillment. So when with multiple online shops, you will drown in your own sweat.
There’s a way around
How do you think successful online sellers who often have tens of online stores manage everything? They know about few of the smart ways that you don’t. Not until now. Here’s how to make your life easier and stress-free when you handle multiple selling points online:
Don’t expand your portfolio unnecessarily
Top sellers sell on various platforms because that makes sense to their product, strategy, and goals. You, don’t expand your portfolio of a number of storefronts if your return isn’t outmatching the investment. Don’t blindly believe that more POS (Point of Sales) will bring more revenue. A host of factors comes into play; you must calculate all these before scaling to new platforms. Maybe Marketplace A isn’t even right for your type of products; maybe Marketplace B takes just as much efforts but doesn’t even yield half the return of Marketplace C. Factor all these.
Signup to a (reliable) e-commerce solution
This isn’t luxury anymore that is limited just for the sellers in the upper echelon. It is essential that you’re signed up to a nice and affordable e-commerce software solution with all your marketplaces, webstores and comparison search engines integrated together on a single platform. Through easy Walmart, eBay Shopify Amazon integration and more, you can manage all the activities of your stores much more conveniently and botch-freely at a single place. You save time, which further improves your productivity.
Hire part-time professionals
Yes, you can’t do all alone. You need professionals and experts by your side. And if you’re reluctant to hire full-time employees, hire freelancers. Or, even better, go for the managed services of your third-party e-commerce solutions. Experienced, proficient and efficient in handling their own platform, they can take your online stores to new heights while you lay on the beach of Bahamas, sipping the finest wine.
These are 3 simple tricks that guarantee to make your life easier even when you have so many online stores. Strive to be a successful seller. But also be smart. Your health, peace, and happiness are much more important than anything else.
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