Key Terms You Need to Know When You Start Out as A Seller

-

FBA: Yes? No?
  1. Seller Rating
    Most sites like amazon will grant you a seller rating once you sign on as a seller. Seller rating is the number one way your customer will figure out whether you are a reliable seller or not. If you have a high amount of positive feedback, your seller rating will be high. Which in turn means that more people will see your products, because the algorithm at amazon will promote sellers with higher ratings. Ratings are provided to sellers based on a number of parameters, which includes things such as feedback from customers, response time with regards to complaints, shipping time that you take, among a few things that might be considered. Obviously, you can appeal against hits on your seller rating, but you might want to be careful using that. If found guilty, you will be penalized further.
  2.  Fulfillment by Amazon
    Honestly, packaging and shipping is difficult. Not only is there a ton of paper work involved in this process, but there are high chances of you messing up when you are doing everything. Here is where Fulfilment by Amazon(FBA) comes in. All that you really need to do is send your inventory to a FBA centre, and they store, pack and send parcels on your behalf as the sales come in. The best part about all this is that Amazon charges you on a pay-per-use model, meaning there isn’t a minimum requirement for the quantity of product you produce, instead, you just have to pay Amazon a commission every time you make a sale.
  3.       Feedback
    Feedback is the most vital step in the online business. This is where customers leave you feedback on the quality of the items that you are selling to them. Feedback is also a way of talking to your future buyers and aiding them with any queries that they might have. 

Popular posts from this blog

E-Commerce has no borders: Myth or reality?

-
Image
One of the issues usually mentioned when talking about e-commerce is that it has served to break the frontiers. Consumers often look for specific things, products that they want, and it really gives them a little equal where the sellers sell them if what they offer them is what they want and if they make it arrive quickly and efficiently. This has created a boom in so-called cross-border trade (for example, we have to think about how we buy books today and where they come from nowadays: online bookstores sell all over the world, some of them even with free shipping no matter where you are) and has made consumers open their range of options. There are those who buy directly from Chinese e-commerces, although the products end up taking much longer to arrive than if they are bought in a geographically close online store. But is this principle absolutely true? Are consumers really so foreign to geography? I mean, are we buying without really caring about the physical location of
Read more

Predicting Amazon sales using Deep Learning

-
Image
Introduction My primary aim was to predict the sales of an item given the Best Seller Rank on Amazon. Predicting the sales helps me in other use cases like suggesting sellers the best products to sell. My final aim is to provide data insights about any product: How much it will sell as well as when, where and how. What is Amazon Best Seller Rank? Best Selling Rank is a ranking system provided by Amazon that is linked to the number of sales of that product. This rank is calculated frequently. An important point to note is that Best Selling Rank is a 'ranking system' and by itself it doesn't mean anything.   A rank of #1, therefore, means that product has  sold more than any other product in that category, on that marketplace. This kind of makes it relatively easy to predict the number of sales of a product if we know the sales of other products ranking close to it. How did we get the initial sales data? I have been selling professionally on Amazon and ha
Read more

Dealing with Negative Reviews on Amazon

-
Image
Bad product reviews are the bane of any seller. You probably worked hard to get your order out, and yet you received a negative review, which talks unfavourably about your product. This will enrage any seller out there. Ratings that are 1-star can drag down your product’s average rating unless it already has a solid base of reviews. But even if there are already a lot of good ratings for your product, 88 percent of buyers specifically check the negative reviews to get an idea what issues could potentially arise with the product. This way, bad reviews can directly lead to a drop in sales. As a seller, you naturally want to avoid this and wonder: What should I do about unfavourable reviews? What can I do anyway? nobody likes these The first thing that you should do is to not panic, on seeing that you have received a negative review. You must realise that if you are in this game for the long haul you will have to deal with this on a nearly regular basis. So, buckle up and ta
Read more