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Are you planning to launch an e-commerce business but don’t know the right platform to sell to your customers!  In the battle between Amazon and Woocommerce, their strengths and weakness cannot be further apart. This further confuses new sellers about which route to take and this question would definitely be in the top 20 questions our sellers ask us. The right answer is to use both! Today the digital world offers a wide array of options for online sellers to sell and diversify their product lines. Since customers and buyers are spread all across, it is essential to embrace multi-channel selling. It is important to make use of already established e-commerce stores or open your own online store.    Whether you are launching a new online store or want to start out in the e-commerce business, keep on reading this article to know which platform out of Amazon and WooCommerce is best suited for all your business needs!    The Praxis of Amazon    No matter what, Amazon has become one of the g

The main problem that e-commerce sellers encounter is not knowing when and how many items to restock. In a nutshell, e-commerce companies need to know the optimal volume to restock otherwise it puts them at jeopardy of overstocking and understocking. We want to dodge these three scenarios because overstocking means holding excess inventory sitting on warehouse racks where the long-term storage fees will start racking up (especially in Amazon warehouses) to a substantial number. The long-term warehouse fees can be around 20-30% of your inventory cost, another reason to avoid overstocking. Understocking should also be avoided because you will miss opportunity cost for not being able to sell if the item had otherwise been restocked to the optimal amount. The table here shows the inventory status of these 5 items. The items are classified by their restock status with the items that need critical restocks showing up first and the least urgency on the bottom of the list. Items that are out

One piece of advice that’s thrown around most in entrepreneurship communities is that before you can succeed, you need to start - and you need to start today. But that’s not so easy, is it? At least, traditionally, if you wanted to sell something you would need to build your own store, spend money on marketing and advertising, manage logistics of shipping and handling orders, and very slowly, build a reputation. But all of that work was cut-short with online marketplaces like Craigslist, eBay, and most importantly, with Amazon.  Seeing it’s been 13 years since Amazon launched its revolutionary Fulfilled by Amazon program, we thought it’d be useful for our readers to know if the FBA program is still as viable as it was in a decade ago. Or is there a better alternative - your own eCommerce store?  Benefits of Amazon FBA Working with the world’s largest internet company by revenue has its benefits.  300 million active customers (and Prime users) You can’t ignore the fact that Amazon is t

This video will show you how to use other ecommerce marketplaces to increase your sales and profit margins. We will also discuss diversifying outside of just selling on Amazon like using Shopify and Woocommerce and moving onto your own website. Some benefits of that include having the customer as a direct customer, guaranteed income, Amazon not being able to shut you off, and best of all increased credibility which can help you out if you’re also selling on Amazon. However, Amazon does provide you with all their customers and the exposure of your products to those customers, whereas with Woocommerce you’ll need to advertise extensively. Firstly, we’ll have to connect Woocommerce to Amazon FBA so that any sale completed on Woocommerce can be fulfilled by Amazon FBA. You could also use 3PLs but if your numbers are not above a certain threshold, it’s more effective to use Amazon FBA. Amazon has the potential to make sellers a lot of money, but you don’t want to rely completely on Amazon