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Howdy ! Are you surprised of Amazon’s second quarter results and Jeff Bezos’s net worth sliding back down, hence making Bill Gates the world’s richest man once again? If you ask us, these are merely a result of the retail giant’s uninterrupted investment cycle. Amazon can choose to make a profit or an investment; it’s …
Howdy ! There’s no stopping eBay from outplaying their competitors, especially Amazon, even if it means keeping their prices as low as possible. With Price Match Guarantee, which they launched earlier this month on more than 20,000 new items, eBay’s goal of motivating their rivals’ customers to shop on their site will no doubt come …
Howdy ! Could your marketing tactics be turning away an older yet lucrative market? We’re talking about your grandparents if you’re a millennial or your parents if you’re a Gen X’r, who have retired from the workforce and are looking at rewarding themselves with the best things life has to offer. With more disposable income, …
Because they’re not as gullible as your younger audience, you need to adjust your campaign a bit.
Howdy ! Your warehouse management system is just as important as the products that you’re selling on your eCommerce website. After all, customer satisfaction depends on how fast and accurate you can process orders. If walking from one location to another takes so much of a picker’s time, especially for single item orders, then you’re …
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Howdy ! October will witness the biggest eCommerce expo outside London and the coming together of the leading online British businesses in the north. On the 11th and 12th of the said month, more than 120 exhibitors and 4,000 visitors are expected to pack the event which is aptly dubbed as eCommerce Show North at …
Howdy ! October will witness the biggest eCommerce expo outside London and the coming together of the leading online British businesses in the north. On the 11th and 12th of the said month, more than 120 exhibitors and 4,000 visitors are expected to pack the event which is aptly dubbed as eCommerce Show North at […]
UnderstandingE are holding their own Prime Day on the 11th July and are offering their premium subscription at a 96% discount for the first month.
It’s tomorrow! Don’t miss the chance to be a Premium member and pay only £1 for your first month, whilst getting access to a wide range of tools for your eCommerce business.
UnderstandingE are holding their own Prime Day on the 11th July and are offering their premium subscription at a 96% discount for the first month.
Howdy ! The ability to give their customers a seamless shopping experience and a speedy delivery time propelled high-street fashion retailer House of Fraser up the list of UK’s Best Multichannel Retailers. Out of 187 retailers who are also selling online, House of Fraser was given the top spot in the annual Multichannel Retail Report …
Howdy ! Do you ever wish you had the ability to read your customer’s mind so that you can tell what they want before they’ve even ordered it? That wish can easily come true in this age of automation with artificial intelligence (A.I.) technologies. Being able to predict what customers will purchase from your store …
Howdy ! Online sellers who have built their businesses on Magento’s version 1.X can vouch for the reliability, scalability, and efficiency of this eCommerce platform. After all, they wouldn’t have managed to list products and manage orders as well as payments on their online stores and various marketplaces, such as Amazon and eBay, from a …
It’s not yet over for Magento 1.x.
Howdy ! Do you like giving free stuff to your customers? Now now, that’s not a jaw-dropping question, but a sensible one that you should be considering. After all, sourcing and listing new products in your online store and various marketplaces isn’t enough to drive your sales up. Think up a sales strategy reinforced by …
Give them value and they’ll return it tenfold.
It looks like Walmart is the new metonym for eCommerce.
Sorry for that tone-deaf statement, hoping it didn’t hurt the feelings of companies A, B and C.
It’s just that the first quarter of the fiscal year saw the retail giant in full swing and conspicuously edging out its competitors.
Calling the company the new marketplace giant wouldn’t be an exaggeration now, would it? It has literally gained ground in eCommerce.
Walmart’s total revenue from the previous quarter reached $117.5 billion, which is 1.4% higher than its earnings in the same period last year.
Its eCommerce business is getting stronger by the day, exhibiting a 63% increase in sales, which were driven organically despite its number of acquisitions, and a 69% increase in gross merchandise volume.
Taking advantage of the favourable conditions on bettering their customers’ shopping experience, Walmart CEO Doug McMillon said they are working hard at combining their digital and physical assets.
“We need to scale our eCommerce business further and see more additional strength in our store comps to deliver the results we know we’re capable of — so that’s what we’re focused on,” he said.
Taking Giant Leaps
Since it revived its eCommerce platform last year, Walmart has garnered so much attention from shoppers and been perceived a threat by other marketplaces.
Earlier this year, it offered free two-day shipping for items worth at least $35, which Amazon quickly countered with a lower free shipping threshold.
If Walmart is just trying too hard, that wouldn’t have been the response of an established marketplace-slash-innovator; just thinking aloud.
Walmart also came up with a Pickup Discount program for customers who would order items online and pick them up in-store.
Aside from that, the number of people shopping on Walmart.com is fast-increasing as the items that are being sold here have significantly shot up to 50 million from 10 million at the same time last year.
Consumers favour a store, or marketplace for that matter, that doesn’t cease to offer them more options every day.
Providing Customers’ Desire
“The majority of our growth is and will be organic. The acquisitions are helping us speed some things up. So overall, we’re making progress in providing the seamless shopping experience our customers desire and we will keep moving along this journey,” McMillon explained.
After it acquired Jet.com last year, Walmart went on to expand its eCommerce space by purchasing online retailers ModCloth, Moosejaw and ShoeBuy.
It’s currently in talks to buy online men’s clothing retailer Bonobos, so expect Walmart’s empire to grow even bigger in the next couple of months.
Who would’ve thought it could overtake long-time eCommerce players in a span of just one year?
So if you receive an email from Walmart inviting you to sell on their marketplace, jump at the chance, for we really don’t see any reason why you shouldn’t.
More than product returns and cart abandonment, third-party sellers on Amazon fear losing sales and access to their accounts due to suspension whether it is valid or not.
Getting banned from Amazon can ruin not only your finances but your life regardless of how long the suspension is.
That especially holds true if you use the Amazon marketplace as your main source of income; you don’t have an eCommerce site, a bricks-and-mortar shop or a regular job for backup.
When you get banned, it’s like you lost a limb as you lose the ability to pay for your everyday expenses.
Various reasons can lead to a third-party seller’s suspension from Amazon: late response or shipment, high order defect rate, high cancelation rate, etc.
There are also painful instances when a seller gets banned not for their own doing, but as a result of their competitor’s devious stratagems.
Did you know there are sellers on Amazon who would go to the extent of paying large amounts of money in exchange for fake reviews on their biggest competition’s product?
It’s a good thing you can do something about that now thanks to the Amazon suspension coverage which some insurance companies offer.
Protect yourself and your business
Anyone can be banned from Amazon without notice regardless of their seller rating or performance metrics.
It is an ordeal which you never want to suffer, but the odds are high that you can avoid it, so might as well find a way to protect yourself and your business just in case it befalls you.
Lloyd’s of London, which has gained global fame by insuring famous celebrities’ body parts, is one of the insurance companies offering insurance plans to compensate sellers for lost sales and expenses during an Amazon suspension.
Businesses of all sizes can be insured; coverage limits range from $50,000 to $1,000,000 for a period of 30 to 180 days.
Monthly premiums depend on many factors, among them are your annual sales, how long you’ve been selling on Amazon and your average feedback rating.
Even sellers who have been suspended in the past can apply for an insurance coverage, but the reason of their suspension will influence their premiums.
Be reinstated and receive payout
In case you get banned from Amazon, you can get your account reinstated within 72 hours aside from your payout.
The amount you will receive will be based on your average gross sales volume plus regular day-to-day expenses.
Note that your coverage will only take effect after the waiting period which is stipulated in your policy.
During that length of time, you are expected to shoulder your day-to-day expenses, hence classed as your insurance deductible.
If Amazon lifts your suspension before that period is over, you won’t be able to collect money from your policy.
Getting suspended from Amazon is no joke, so it’s good to know that third-party sellers now have an option to preserve what they’ve worked so hard for.
What are you doing to protect your business from the giant?
Howdy ! We’re happy to announce that we’re rolling out the WordPress Crash Course this week. Here you’re going to learn what WordPress is and why it is the favourite blogging platform of writing enthusiasts, marketing experts and eCommerce businesses. In case you didn’t know yet, the world’s top eCommerce websites maintain a blog as …
Howdy ! Like in real life, you need an identification on the Internet, whether you run a blog, a personal website or an eCommerce store — otherwise, you’ll never be found. You want a domain name that people can easily recall and mirrors what you offer on your website. If you fancy an odd name, …
You don’t want to arouse cynicism among users nor be the object of criminal interest.