At 7 Peaks Digital Marketing (7PDM), we manage the critical softer aspects of your products and services on your own eCommerce platforms like website and/or mobile apps and also on marketplaces like Amazon, Flipkart, etc.
Boost your Marketplace Sales...
We are experts at managing outflow of inventory by monitoring demand levels for individual listings, channeling it to the right marketplace so that we can optimize visibility and also increase revenue. You can also rely on us for competitive benchmarking and periodic monitoring of outflow.
Aspects of eCommerce we manage for you
- Listing Optimization for visibility
- Competitive benchmarking against similar products
- Advertising Management
- Bid Management against competition
- Periodic Monitoring of outflow
- Reporting and suggesting on Marketing Push
- Dispute management with context to listing
- Suggestions for incremental business from Marketplaces
Why choose 7 Peaks Digital Marketing (7PDM) for eCommerce Management?
Convenience is our motto
We manage all the technical aspects of marketing your products. All you need to do is send us your product information or upload your listings and we take it from there.
You don’t have to worry about wasting money on advertising if you’re not getting the desired results. Our experts will help you tweak your marketing strategy so that you get the most out of your budget.
Frequently Asked Questions (FAQ) on eCommerce Management
Selling on online marketplaces is a great way to generate revenue. You can use it as your primary source of income or as a side hustle. It’s important to know the basics of selling on these platforms, so you can make the most of your time and effort.
There are many online marketplaces that you can sell on. You need to find the right market for your products and then list your items.
Some of the most popular online marketplaces are Amazon, Flipkart, Snapdeal, Myntra, Meesho, etc. They offer you the opportunity to reach millions of people.
If you are considering selling online, then you should consider these points before making any decisions:
– What is your product?
– Which online marketplace will you use?
– Which payment methods will be available?
– Will there be any delivery charges?
– How much profit will you make?
Selling on marketplaces is a great way to get your products in front of a lot of people. There are many pros and cons to selling on marketplaces or on own store.
The advantages of selling on marketplaces are that they have a bigger customer base, you can focus on your product and not worry about the rest, and the customers might be more loyal to the marketplace. The disadvantages of selling on marketplaces are that there is a bigger competition, you don’t have as much control over your product as if it was sold from your own store, and you need to pay for the marketing.
The main drawback is that you have to compete with other sellers on the marketplace who are offering similar products. Which means that you have to offer a price that’s low enough for buyers to purchase from you instead of someone else. In addition, if the marketplace raises its commission rate, your profit margin will also be affected.
The advantages of selling from your own store are that you have more control over how your product is marketed, there is less competition as it’s only sold from one place, and there is no need to pay for marketing. The disadvantages of selling from your own store are that you have to do all the work, create your own customer service policy, and spend money on stock. And it does require more time and effort than selling on a marketplace.
There are a number of things you need to do before you can sell on online marketplaces. The first thing you need to do is register your business with the government. You also need to get a tax identification number and an individual taxpayer identification number. Next, you need to register your business with the marketplace. This process will vary depending on which marketplace you’re using, but it usually involves filling out some basic information about your company and uploading some documents like an ID card or a passport.
Indian marketplaces require you to submit:
- PAN Card
- ID Proof
- GST No. for selling taxable items
- Brand authorization for selling branded items (selected companies)
Finally, you’ll want to create listings for your products and set up payments and shipping information so that everything goes smoothly when it comes time for customers to make purchases.
International marketplaces are the best way to sell internationally. You can sell your products on these platforms and reach out to a global audience. These online marketplaces also offer you a chance to explore other markets that you might not have access to otherwise.
Marketplaces easily accessible from India are Amazon Global and Etsy. However, selling on international marketplaces from India is not an easy task. The Indian market is different from the international one, and it needs different strategies for success.
The margins are the difference between the cost of goods and the price at which these goods are sold. The components that eat into margins are:
- Cost of goods
- Platform Commission
- Logistics & Shipping charges
- Taxes and duties – depending on where you sell your products, this can be a significant cost for some businesses
- Returns and refunds – these can be a significant cost for some businesses as well, depending on what percentage of their sales come from returns and refunds
The commission fee is something that a marketplace charge for every sale. This fee varies from one marketplace to another and can be anything between 5% and 25%. Then there are Logistics and shipping costs, which vary depending on where you ship to and what kind of shipping option you use (Managed / Self). Taxes and duties are standard for product categories. Cost of returns and refunds are significant since the cost of shipping for a returned and replaced product can be 2 to 3 times the original shipping cost.
The answer is “Yes” you can. The only reason we come in picture – it is not the only thing you are doing in your business and the fact that we can add value which results in incremental sales in short and long term.
The first step in selling on online marketplaces is to decide which marketplace you want to sell your products on. Amazon and Flipkart are the two most popular ones, but there are many others that might suit your needs better. The next step is to set up an account with the marketplace of your choosing. This will usually involve filling out a registration form and providing some basic information such as your address, contact details, and banking details.
If you are looking to sell your products on an online marketplace, you will need to create a listing. This is the first step of the process. The listing is what potential buyers see when they are browsing through options on the site. You want your listing to be attractive and engaging so that it gets noticed and sells quickly.
The next step is to take photos of your product or items that you are selling, making sure that they are high quality and clear enough for potential buyers to see exactly what they are purchasing. Once you have taken these photos, it’s time to write a description of each product or item that you have for sale. This description should include details about the product, sizing information, any care instructions, as well as any other relevant information pertaining directly to this particular item or group.
If it seems too complicated, write to us. We can get it managed for you.