With Amazon Prime setting the standard for convenience for buyers and higher sales for sellers, more and more sellers are signing up to join Amazon’s Seller Fulfilled Prime program. While there are many benefits to Prime-badging your products, maintaining a 2-day shipping order fulfillment can be costly without the right systems in place.
With the holidays fast approaching, Amazon and eBay are preparing to meet the demands of today’s shoppers. Amazon has restricted new merchants from using FBA, while eBay is attempting to woo new customers through recent applications of artificial intelligence and social commerce.
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Selling individual products in today’s market is not enough. The key to success is to get as many products in front of shoppers as possible. You’ll need to find innovative ways to list your products and diversify your catalog to entice today’s marketplace-savvy consumers, and kitting is one of those solutions.
eCommerce continues to outpace physical stores, and convenience is largely driving this growth. To better support the demands of online shopping, both Amazon and UPS are improving their logistics infrastructure, but unfortunately will be raising fees by the end of this year. Amazon has also incorporated new rules and fees to prevent unauthorized sellers from listing branded merchandise.
Online retailers today have many more options to sell their products. Aside from selling on their own website, marketplaces such as Amazon, eBay and Jet.com offer numerous opportunities for exposure and growth. The marketplace model is also being adopted by traditional retailers such as Walmart and Sears.
Walmart’s acquisition of Jet.com took the headlines last week, with retail industry watchers questioning whether the $3.3 billion deal will be enough to compete with Amazon. Many wonder how would this affect the retail industry. More importantly, how do existing Walmart and Jet shoppers feel about these changes?
Big changes are coming to major ecommerce platforms. With significant acquisitions and platforms providing better business intelligence and logistics, it’s an exciting time to be an online retailer. But it can also be a complicated time if you don’t keep yourself updated and informed of the constant changes in the industry.
Amazon’s marketplace is crowded with retailers selling the same product online. Products priced too high have smaller chances of being purchased. This motivates sellers to price their items competitively, but doing so manually is rather inefficient.