Skip to main content

THE YEAR 2018 - A BONANZA FOR ONLINE SELLERS; HOW TO BECOME A SUCCESSFUL ONLINE SELLER IN THE YEAR 2018 ?

Image
By

"Selling online is not EASY!
It is the EASIEST if you know the 
Correct Product, Correct Price and
the Correct Place."

2018 - An Year of Bonanza for the Online Sellers. Nano Technology has brought out monolithic changes in the field of Online Selling, and it has made this year's bonanza a real one.

It has been estimated that in the year 2018, retail sales worldwide shall shoot up to 2.489 trillion dollars.  Mobile technology and the speed of the internet which has attracted 51.7% (2017) of the world population to the internet, has brought out a sea change in the market presentation, and in the interactive buyer-seller relationship. This has resulted in solving many tough challenges faced in the selling techniques. 

The world has become the Arena of Sales for online sellers, and the language barriers have been pulled down with the help of the translation software. Because of the technological innovations, the Visual presentation has been made possible, and it has played a crucial role in the deciding factors of the purchasers.

The present-day buyers are always on the move. While moving Mobile Technology has made it possible for them to analyze the market and to take a decision in purchasing the products at competitive prices. In statistical research, it is pointed out that the number of mobile sales is in direct proportion to retail e-commerce sales. 65% of online shoppers choose marketplaces over other retailers because of better prices.

If we look into the e-commerce market preferred products of sale, Fashion products are standing on top of the chart. Surprisingly  Toys, Hobbies and Do-It-Yourself products and Electronics products stand out in neck to neck position, in the second and third places. Rest of the products falling into fourth and fifth places.


 Online selling is like a maze. To find the passage-out we have to go through entrances of Price, Product and marketplaces.

SELLinALL, with a single click, opens up all these entrances. It opens up for you, New vistas in global online selling.  At ease of your home through SELLinALL, you can list and sell your products globally across more than twenty-five marketplaces. With SELLinALL, World marketplaces are at your fingertips - literally.

 - magicinian@magicinian.com -

Labels:

Popular Posts

What you need to know about Gross Merchandise Value

By Anonymous
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...
Post a Comment
Read more

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

By Anonymous
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 attractin...
Read more

Buy Online, Pickup in Store

By Anonymous
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...
Post a Comment
Read more

Search This Blog