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How to lower your amazon seller fees     The digital era has opened up new opportunities for those that are willing to start a business. If you are searching for a spot in the online market, Amazon can become a great marketplace for your company. In order to sell on Amazon, there are two options: either we take care of the entire selling process, or we rely on “Fulfillment By Amazon” (FBA). With FBA we basically "rent" space at the warehouses of the American company, which from that moment is the sole responsible of processing your shipments. For many companies, this represents a great advantage, since the logistic management of an e-commerce business can become a real headache. However, despite the attractiveness of this system, paying FBA fees can cut into your bottom line.      To combat overcrowding in their fulfillment center, Amazon began instituting a penalty on a low Inventory Performance Index (IPI) for their third-party sellers, who provide just over half of their s

Demand forecasting 101 It is obvious that managing inventory stock for an e-Commerce business can represent a real headache, but nowadays, it is a very important part of any company. An inefficient use of warehousing space can cost a lot of money, and having too much inventory stock can also mean that products will end up becoming obsolete or damaged. But if you get your inventory stock levels right, you will save money and you will also increase trust in your brand. There is an interesting concept around the eCommerce market that plays with the idea of having a thoughtfully planned inventory, and it’s called demand forecasting. Demand forecasting is a process of anticipating the demand for the product and services of an organization in the future to optimize supply or execute decisions. This means that it is vital to plan ahead, which is certainly a very difficult task, but there are many ways to keep a healthy inventory using this concept. The following article will explore different

What's new for October 1st 2019 1) Currency switcher now remembers your selection 2) You can create email campaigns for returned orders This allows you to target customers who have returned your product and ask for feedback. That's all for this fortnight. Next week we have some updates to your order's hotspots and we are getting ready to release our official Shopify app!

An accurate forecast of your sales and can help you to manage inventory more efficiently. However, it is hard to account for  the various factors that affect sales, to capture seasonal changes, and the pattern changes over time. Thanks to Artificial Intelligence, and more specifically deep learning, this task has been made much more accessible and we can now predict the sales efficiently using a neural network that analyses sequential data and temporal data. If that last sentence confused the hell out of you, well, fear not. This article is not going to be a highly technical plunge into the nitty-gritty of deep learning networks. (If that’s your thing however do check out this article which explains the problem from a more technical perspective). This article  will focus more on the what using a artificial neural network entails, and what it can mean for a business, how it can analyse multiple features to make an accurate prediction. We will be demonstrating this using a publicly avai

[et_pb_section fb_built="1" _builder_version="3.22.5"][et_pb_row _builder_version="3.22.5" border_color_bottom="rgba(0,0,0,0)"][et_pb_column type="3_4" _builder_version="3.22.5"][et_pb_text _builder_version="3.22.5"] 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

  The digital era has opened up new opportunities for those that are willing to start a business. If you are searching for a spot in the online market, Amazon can become a great marketplace for your company. In order to sell on Amazon, there are two options: either we take care of the entire selling process, or we rely on “Fulfillment By Amazon” (FBA). With FBA we "rent" a space in one of the logistics stores of the American company, which from that moment is the sole responsible of processing our shipments. For many companies, this represents a great advantage, since the logistic management of an e-commerce can become a real headache. However, despite the attractiveness of this system, paying FBA fees can cut into your bottom line. To combat overcrowding in their fulfillment center, Amazon began instituting a penalty on a low Inventory Performance Index (IPI) for their third-party sellers, who provide just over half of their sales. Initiated on July 1, 2018, these penalties