As a seller, you would always want to find ways to increase your sales quicker, reduce operating costs and increase profit margins. In order to achieve that, selling online is an effective way forward for you. Online shopping is increasing year on year. In addition, e-commerce marketplaces such as Amazon.in is being seen as a convenient method to purchase products, where you can buy at any time in the day. So what are the key benefits that Amazon.in can offer to an online seller?
Lower set up cost: The cost of setting up a business on Amazon is lower than that of an offline business because the business is automated and no physical store is required. You, as a seller, will, therefore, save on staff, rent, electricity, and other business costs. All you have to do is, register on Amazon.in, fill in the initial details, choose your shipping service and start listing your product.
Operate your business from anywhere: With e-commerce business, comes the inherent advantage of no geographical restriction. You can be anywhere around the world and still successfully oversee your business. Moreover, in order to do so, all you need is access to emails, the Internet and a smartphone. With Amazon, you can also operate your business via Amazon seller app, which is available both for Android and iOS.
Scale-ability: One of the most interesting benefits of selling online is that it allows you to determine which products are selling successfully and ensures the stock levels of these products are increased. With these successfully selling products, you can develop a larger range of products to sell online. This not only allows you to grow your business in terms of sales but also customer base and profits.
No opening time restrictions: With Amazon, you do not have to restrict your potential customers, as they can view your products on Amazon at any time of day. This will increase the chances of getting more sales and profits. How can you maximise your sales further? You can do this through lightning deals, a range of special offers and other deals on Amazon.in.
Easily measurable than other sales approaches: You may be thinking, how will I measure the results? Your sales on Amazon is easily measurable and trackable through Seller Central and App. Features such as ‘Analyse your sales’ on the App, allow you to analyse the number of orders you receive in a day, the breakdown of sales by ASINs (Amazon Standard Identification Numbers), and sales trend of a particular ASIN.
Less time intensive: Once your business is registered on Amazon.in, you don’t have to invest too much time into running it. This is because the whole process is automated. You don’t have to worry or suffer losses, even when you are on a vacation. Read more about how to manage online business while on a vacation. This will give you more time to work on new strategies that can help you escalate your business, new products you want to sell, and special offers you want to launch for your customers.
Higher margins, better cashflow: Online business allows you to sell at higher margins because you gain a 100% payment from the customer straight away. This will improve your cash flow, particularly when customers normally provide you with payments in several instalments. Also, with Amazon, payment is seamless because of the easy-to-use platform that ensures all your payment transactions are processed successfully, so your business receives the payments efficiently.
So, there you have it, 7 good reasons to sell your products online! However, if you are not yet registered on Amazon, please start your journey today.