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How an Amazon Inventory Management System Helps You Maximize Earnings
(This post was originally published on November 15, 2013. We’ve updated it for accuracy and completeness.)
Like many other retailers, you’ve decided to take your share of the opportunity to sell on Amazon. Who wouldn’t want access to the world’s biggest eCommerce marketplace?
But, what you may not realize (until you’ve done it) is how quickly orders come in. If you’re a growing retailer who has been managing inventory by hand, Amazon-sized quantities of orders will bury you.
In this post, we’ll dive into why you need an Amazon inventory management system to keep ensure you can seize the most opportunity possible from Amazon.
What We’re Reading: Click and Collect, Same-Day Delivery, One-Hour Delivery
As we enter the “last mile” of the holiday season, we decided to take a look at some of the ways you can optimize the “last mile” of your customer experience. This is one of the more complicated parts of running a retail business. It’s also where an effective multichannel retailer can beat out online-only retailers and traditional, brick-and-mortar retailers (no matter how large they are).
Amazon’s New Holiday Rules & Guidelines for “Toys & Games” Sellers
Is it already the holiday season? According to Amazon, it’s at least time for merchants to prepare.
Amazon set record sales for the 2013 holiday season. Last year, more than one million customers became Prime members during the third week of December. The annual membership program offers unlimited Free Two-Day Shipping on millions of items.
On Amazon’s peak shipping day in December 2013, more Prime items were shipped worldwide than ever before. Before December, more than 36.8 million items were ordered worldwide on Cyber Monday, which is an astonishing 426 items per second.
So, while you’re cheering on your favorite football team and sending kids back to school, Amazon has already started prepping their sellers for an even more successful holiday season this year.
How to Win the Amazon Buy Box
Amazon Buy Box
Success on Amazon is ALL about the Buy Box! Of course there are other factors, but if you can win the coveted Buy Box, your chance of success increases exponentially. Amazon provides a few recommendations for how to get your item in the Buy Box but they do not reveal the complete science behind how they select the vendor. So part of the challenge is monitoring your position and continually improving to earn the position.
Amazon Buy Box Formula
To be considered for the Buy Box, you must first qualify for Featured Merchant Status, a performance-based achievement. Although Amazon does not disclose exactly the formula they use to determine who gets Featured Merchant Status, Amazon points out that the standards very high and are centered on developing customer trust. Criteria vary by category and Amazon does not publish specific metrics for each, however these are some of the areas that are monitored: (more…)
Mike’s Archery Meets Growth and Profit Margin Targets with nChannel
Business Cuts Order Processing Time by Two-Thirds and Streamlines Tasks Across Multiple Sales Channels
COLUMBUS, OH November 26, 2013 nChannel, creator of the cloud-based multi-channel management platform, announced today that Mikes Archery, supplier of archery equipment and accessories, has connected its accounting system, Sage MAS 90, with its online stores and eBay to simplify order entry, invoice generation and shipping using nChannels multi-channel management system. (more…)
