eCommerce Archives - Page 2 of 3

How to Accept Bitcoin and Other Cryptocurrencies on Your Website

January 30, 2018 1 Comment

So why should you accept Bitcoin or other cryptocurrencies on your website? Because Bitcoin offers an alternate payment method that can be used by anyone from anywhere in the world. This will allow you to greatly expand your customer base by offering more ways to pay and checkout on your website. Accepting cryptocurrencies also provides a way to virtually eliminate chargebacks and exposure to fraud. Moreover, transaction fees are greatly reduced when a customer pays with a cryptocurrency than when they checkout with more common payment methods such as a credit card. Once you accept payments in Bitcoin, you can transfer them to your bank account or keep them in your wallet. Here are some popular ways to enable your website to accept cryptocurrencies. (more…)

Best-Selling Products to Grow Your eCommerce Business

10 Effective Ways to Grow Your eCommerce Business by 50% or More

January 14, 2018 No Comments

If you’re an online retailer then you know how difficult it can be to make a sale. You need to figure out how to get people to your site and then convince them to buy something when they get there. This can be a challenging and frustrating process in the beginning but it doesn’t mean that it has to remain that way. Here are ten proven tips to help you grow your ecommerce business by 50% or even more. None of these tips are very complicated or difficult to implement but if done in conjunction with each other, they can begin to generate some pretty significant improvements to your sales and profits. (more…)

How to Liquidate Inventory Stuck in Amazon FBA

December 6, 2017 3 Comments

Liquidating items stuck in Amazon FBA is important. Here are some smart tactics to remove or liquidate slow-moving items before they cost you too much.

Amazon’s FBA program presents a great opportunity for any seller looking to grow his or her business on Amazon. When you participate in the Amazon FBA program your products become eligible for all of the Prime benefits that Amazon offers its Prime subscribers. To participate in the Amazon FBA program, you are required to send your products to Amazon fulfillment centers so Amazon can fulfill your products for you.

While many products sell very well through the Amazon FBA program, other items may not sell. If left unsold these items will sit in the fulfillment centers and cost you monthly storage fees. Even worse, if you get hit with long-term storage fees then you’ll end up paying a very hefty price for not liquidating your products while you had the chance. Therefore, it’s important to keep an eye on your FBA inventory and either remove or liquidate slow-moving items before they cost you too much. (more…)

How to Become A Wholesale Drop-Ship Supplier

November 1, 2017 No Comments

As a wholesale distributor, one of the best ways to acquire online retail customers is to offer to drop-ship for them. Drop shipping lets online retailers list a lot of products without the risk of carrying any inventory. What’s more, online retailers only order and ship what they sell without worrying about items that don’t sell. You as the wholesale drop-ship supplier is the one taking all the risk because you will have to carry the inventory, store it and pay for it. So why would you as a supplier agree to do business this way, especially when you are the one assuming all the risk? (more…)

How to Start a Drop Ship Online Business

May 25, 2017 4 Comments

One of the best ways to start an online business is to adopt a drop ship model. This means that you don’t carry any inventory when you make a sale. In a drop shipping business model, you list an item for sale on your website and when a customer makes a purchase, you order it from your supplier and have them ship it directly to the customer as if it was coming from you. The beauty of this model is that you don’t carry any of the inventory risk. In other words, you list a bunch of items on your site and if some of them don’t sell, you aren’t stuck with that inventory. Your supplier is the one taking all the risk of carrying the inventory, storing it and paying for it.

So why would a supplier allow you to do business with them in this fashion, especially when they are the one assuming all the risk? We’ll discuss this in detail below. Let’s look more closely at the steps involved in starting a drop ship business. (more…)

14 Key Questions to Ask Before Using a Drop-Ship Supplier

May 27, 2015 3 Comments

One of the most common ways to ramp up your online business is to incorporate drop-shipping. This is when you list a supplier’s products on your website but you don’t physically carry their merchandise yourself. When you get an order for one of those products you send the order details to your supplier and they ship it to your customer as if you had shipped the item yourself. This allows you to offer a large variety of products without having to take the risk of investing money in purchasing those products. I’m not saying that this is a good or bad strategy for your business but if you are going to go this route then you should review the important factors I outline in this post in order to make sure that your drop-ship supplier is right for you. (more…)

Always Know Your Best-Selling Items in Each Channel

April 5, 2015 2 Comments

It is a good idea to always know your best selling items in each channel. A channel is defined as a specific marketplace or site in which you sell your items. These can include eBay, Amazon, your own website or anywhere else your products are listed for sale. While it is important to periodically run reports to determine your best-selling products across your entire business, it is also a good idea to do the same analysis for each channel. (more…)

Winning the Buy Box is Key When Selling on the Amazon Marketplace

March 3, 2015 2 Comments

If you’re an Amazon marketplace seller, winning the buy box is one of the most important goals you should set for yourself. While there are many other factors that can determine success on Amazon, the Buy Box is by far one of the most important factors. To win the Buy Box, try to sell products where you have a competitive advantage of some sort. It’s not enough to have the lowest price. Other factors determine who wins the Buy Box so one strategy is to choose products with little competition. (more…)

If You Sell on eBay You Need to Pay Attention to Listing Fees

March 3, 2015 No Comments

If you sell on eBay you need to pay attention to listing fees because they can easily add up – especially if you’re listing a lot of SKUs.

You should analyze your invoice every month and see what percentage of your bill goes to listing fees. Make it a habit to weed out those SKUs that never sell but get re-listed month after month.

If You Participate in Amazon FBA Make Sure to Set Replenishment Alerts

February 26, 2015 1 Comment

If you participate in Amazon FBA make sure to set Replenishment Alerts for your products. You can set a different threshold for each product. This is an important habit to keep and you can easily set replenishment alerts in Seller Central. This way you’ll always have ample time to send products to an Amazon fulfillment center before your products sell out. (more…)

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