Here’s everything you need to know to find the right inventory management software for your multichannel ecommerce business
Inventory management software (IMS) is vital for most ecommerce businesses. Whether you’re selling through an ecommerce website, or on third-party marketplaces, you need to track and manage all your product lines. With the right IMS you’ll be able to optimize your stock levels, manage sales on multiple channels, and maximize your revenues and profits.
We’ve noticed that there’s lots of confusion about exactly what an IMS is and what it does. That’s why we’ve created this complete guide that tells you everything you need to know. From what an IMS can do, and the main benefits and features, through to advice on choosing the right IMS for your online retail business and any potential pitfalls.
We’ll help you see through the jargon and the marketing to find the perfect IMS for your online retail and marketplace needs. Although there are plenty of IMS products for traditional retailers, we’re going to focus on inventory management software designed for ecommerce, including third-party marketplaces like Amazon and eBay.
Let’s get into it.
Brands and online sellers should consider these marketplaces first when looking to unlock China – the largest consumer market in the world.
This post is by Craig Agutter, Head of Corporate Online and Ecommerce, EMEA at WorldFirst.
You will have likely heard it before but it bears repeating – China is one of the largest and fastest growing ecommerce markets in the world. With 804.5 million internet users in China as of 2018, the online share of retail sales is expected to rise to an incredible 33.6% in 2019, amounting to $4.87 trillion in GMV.
For sheer bombastic sales events, nothing comes close to “Singles Day” in China, held on 11th November each year. An “anti-Valentine’s Day” of sorts, it was adopted by the Chinese ecommerce giant, Alibaba, in 2009 and transformed into an occasion when everyone buys themselves gifts. Over $30 billion of products were sold last year – several times Amazon’s Prime Day, Black Friday and Cyber Monday sales combined.
Despite its size, the Chinese market can seem daunting for Western brands or retailers. Before any online seller makes the leap, it is important to bear Chinese consumer preferences and behavior in mind, not least the importance of selling via marketplace platforms, in addition to the usual challenges presented by cross-border trade.
What should sellers know before jumping into the largest ecommerce market on Earth? Which marketplaces welcome cross-border sellers? What are the practical steps involved in getting started?
Find out which online marketplaces rule their countries, regions and product categories in our definitive list of marketplaces worldwide.
Globally, more than 50% of ecommerce sales were made through online marketplaces in 2018, and that is forecast to grow to about two-thirds within five years.
We are well acquainted with the likes of Amazon, eBay, Rakuten and Alibaba – the giants of online retail – but who are the rising stars? Who are the other big players around the world? Which are the best places to sell niche products?
In this post, we have compiled a definitive list of all the online marketplaces around the world, and we answer those questions and more.
We start with the complete list of 146 marketplaces, then we look at the most popular product categories, and the best-served global regions. We include a detailed breakdown of the top four product categories – fashion, books, homewares and electronics – and finally take a look at the top marketplaces by region.
Analyze any product on Amazon, eBay and Walmart, across 16 different markets, with product and market research platform Algopix.
Products are the bread and butter of an ecommerce business. Some sellers get lucky and find a product that shifts from their digital shelves like no other, but many struggle to find the sweet spot.
As a result, sellers often end up with a lot of inventory that won’t budge. This costs them time, money, and resources and, in the worst case scenario, can bring a business to its knees.
Today, product research is easier than ever before. Algopix pinpoints products that are successful by providing users with estimated unit sales, expenses breakdowns, and competitor analysis across Amazon, eBay, and Walmart.
It’s not all about Amazon and eBay. Here are our best articles on alternative marketplaces both domestically and all around the globe.
One of the biggest challenges for online sellers is deciding on the right platform to sell their products. For many, there will be a natural inclination towards one of the heavyweights – Amazon or eBay. Both have their merits and downfalls as we discussed in our recent article on eBay vs Amazon.
But why put all your eggs in one basket? “Alternative” marketplaces are making an impact all around the world. In the U.S., niche players such as Etsy and Reverb have emerged, and internet giants Facebook and Google have launched their own business-friendly marketplaces.
In many other countries, including Japan, China, India and Brazil, ecommerce has long been dominated by online marketplaces other than Amazon and eBay.
So, in this roundup I’ve pulled together our best posts on alternative marketplaces in the U.S. and across the world.