How can I start an Online Business?

Whether you are a seller already selling in a retail market and want to expand or want to become an online seller, there are now a days many websites available where you can list the products and start an online business. But it is really important to choose in which websites to list the products or which websites really help you grow or expand your business. Like if you have to choose websites where you can sell your products, let us start with these three websites.

The first Website would be Amazon. Amazon is one of the top most E-marketing places with millions of customers and the reach out is huge. Amazon always puts sellers at ease. The new feature called Fulfillment By Amazon(FBA) where the seller can store his/her products in Amazon fulfillment centers where Amazon picks, packs and ships the products to customers puts sellers at ease.

The second wise choice would be Ebay. Added to the advantage of easy selling on Ebay...there is another interesting feature for a seller. If you are new seller and you are looking to expand your business, Ebay provides loans in a non fussy and an easy way.

When it comes to choosing websites to sell your products, like say you have some digital files to sell like e-books, songs etc., which website would you choose to sell these products? One answer...choose shopify. The other products can be also be sold with your own branded shop name.

The easiest way to list the products in these three market places along with listing on Facebook and with a free customised shop page would be to join sellinall.com.

Sellinall.com is a software with its integrated environments with Amazon, Ebay, Shopify, Flipkart etc. which will list the products for you on all these websites. So if you are a budding online seller or an experienced seller looking to become an online seller just try the LITE version($0) of sellinall.com at www.sellinall.com and be a happy seller.

HAPPY SELLING EVERYONE!!!!

- Anupama Gundu-

anupama.gundu@gmail.com

What you need to know about Gross Merchandise Value

Gross Merchandise Value (GMV) is defined as the gross sales revenue generated over a period of time by an e-commerce platform before any deduction for fees or commission . It is used to track the growth rate of an e-commerce business since it measures the value of the total merchandise that has been sold through the site for a specific time period, quarterly, bi-annually, or annually. Gross Merchandise Value = Number of Goods sold x Price of goods sold This metric is useful for e-commerce businesses that buy and store the merchandise from suppliers and delivers to customers when purchases are made. However, it cannot be used as a standalone metric for all online retail platforms. For e-commerce sites that operate as a Customer-to-Customer (C2C) business, they do not physically manage the goods. The total commissions generated and accrued expenses, such as delivery fees, advertising, return expenses incurred are more important to track for this business model. This is also known as Gro

5 Major challenges faced by e-Commerce sellers and ways to overcome it!

Based on a report by Google and Temasek Holdings, Southeast Asia’s (SEA) digital market could exceed US$200 billion before 2025. Southeast Asia’s digital economy is forecast to triple its size in the next 5 years. Read more on the challenges faced as a seller in the E-commerce marketplace, to help you decipher and be part of this immensely growing economy. E-commerce stores are on the rise due to a numerous reasons. As far as market association is concerned, E-commerce sites already have an existing network of buyers. So, selling your products becomes relatively easy as branding and advertising is already taken care of.As Sigmund Freud 's had rightly said “ I carefully consider my decisions as everything comes with pros and cons! ” Marketplace Management When it comes to South-East Asian E-commerce market, the most underestimated struggle is Fragmentation i.e. there are a number of e-commerce platforms in ASEAN countries attracting significant traffic, making

Buy Online, Pickup in Store

A National Retail Federation study on Consumer Views in late October 2019 revealed that70% of the survey participants would pay for a Buy-online, pick-up-in-store service (BOPIS). BOPIS has emerged as a convenient option not only for consumers but retailers that invested in brick-and-mortar stores. Growth in online retail sales was overtaking traditional brick-and-mortar retail before the pandemic and BOPIS was being adopted by top retailers. With the onset of the pandemic in 2020, a Digital Commerce 360 survey in late 2020 showed results that 43.7% of the top 500 retailers with physical stores were offering BOPIS — up from 6.9% before the pandemic started. BOPIS, also known as click-and-collect or curbside- pickup provides a safe, contact-free way to shop online and pick up the ordered items. In order to implement BOPIS, a retailer needs to implement the following tools: 1) A website or app where customers can shop and place orders for the products online 2) A brick-and-mortar locatio