New year resolutions for online sellers!!!

The online sellers will have many dreams about earning a steady income through online selling. The online selling is a good way to earn a steady income or as a source of secondary income.

These are some of the resolutions which can make online selling a good source of income.

The online sellers should never get disappointed in the early stages of starting the business as it takes time to get orders or to get settled in the business.
One way to improve online selling is to be constantly visible online. As there would be millions of online sellers, choosing ways like writing a blog about the products or the website would make the products and the website visible online.
The other way to improve online sales is to choose a simple design while designing the website. Importance should be given to the quality of the pictures. Care should be taken that the website opens up fast and there are no delays in opening the pictures and other information.
Maintaining good relation with customers will help in improving the online sales as the goodwill helps in increasing the number of customers and the overall sales.
Constant updation of products online also helps in increasing the online business.
Online sellers should never give up when the online sales is low some times, as there will be always ups and downs in any business.

Choose SELLinALL to list products in major E-market places like Amazon, Ebay, Facebook, Shopify etc. easily. Wishing all the online sellers a Happy New year and a great success in online selling!!!

-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...

Influencer Marketing in E-commerce Strategy

Influencer marketing is not a new concept in advertising. Before the rise of the internet, celebrities and sportspersons endorsed brands through traditional advertising mediums (TV, news, magazines). Social media platforms such as Instagram, Tik Tok, Facebook, Twitter, and Snapchat, on the internet now allow influencers to directly connect with the core audience. Additionally, the platforms have given opportunities to other people, also known as micro-influencers. Today, 9 out of 10 brands utilize influencer marketing to reach their target consumers and the ROI on using influencer marketing has proven to be more effective, generating $18 for $1 spent. With 7.9 million retailers vying for online consumers, influencer marketing has become a core part of digital marketing strategy. Who or what are Influencers? It’s not possible for upcoming brands to partner with A-list celebrity influencers such as Dwayne ‘The Rock’ Johnson, Kim Kardashian, o...

Loyalty Program : Buy Now, Pay Later

A new season has come and you are raring to shop for a new line of clothes launched. Or you want to experience a new cycling adventure outdoors and you are eyeing that expensive but amazing new bicycle that costs $1600+. But you don’t want to break the bank. Buy Now, Pay Later (BNPL) is a loyalty program that has become very popular in recent times. BNPL is a form of installment plan where customers pay in installments for a product that they have purchased. The installments are structured and paid over a period of predetermined months. Typically installments are free of interest and fees so long as customers pay the installments on time. Interest may be for larger amounts and/or when installments are spread over a long period of time. Paying in installments has existed since the 1840s when manufacturers of furniture, pianos, or farm equipment tried to make their products attractive and attainable. It is still relevant today and BNPL is another form of financing. The...