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Payments And Deductions Reconciliation on Amazon India Marketplace

Amazon India is one of the largest eCommerce marketplaces Globally and now also in India. Amazon provides a platform to bring buyers and sellers together. Sellers can register on Amazon and can start selling on Amazon in simple steps through Amazon Seller India.

Once Sellers lists their products on Amazon, they will start getting orders from the buyers. Amazon collects payments directly from buyers and settles them periodically as per a predefined Payment Cycle.

payments-and-deductions-reconciliation-on-amazon-india-marketplace

Moreover, most successful sellers operate on multiple eCommerce platforms, selling products across states, which adds layers of complexities around taxes. Nowadays, customers want an effortless shopping experience. However, there is software for online sellers, such as eVanik OWS that helps deliver a positive shopping experience to your customers by streamlining the back-office operations. In this blog, we have mentioned best practices for eCommerce marketplaces that sellers need to attain and implement successfully. Let’s find out why those practices are essential for an online seller. Apart from that, you will learn why seller management should be considered an essential factor in the eCommerce business.

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Major Issues Faced by Sellers

Before jumping into the solutions or practices that can help sellers manage their online business accurately and efficiently, it is essential to know about the frequent issues faced by sellers.

Meager Product Catalogue Management

Meager Product Catalogue Management

Numerous eCommerce sellers used to be physical store owners or wholesalers. Those who fall in this category don’t have prior experience in selling their products online. It is the fear of losing their business to eCommerce platforms that are driving them towards online selling. Since they don’t have any experience operating online businesses, they lack in creating and managing product catalogs. It can put them in a difficult position. They usually fail to list their products accurately on multiple platforms. This ultimately hinders catalog management, affects their rankings and increases the return rates, as customers fail to attain essential information about their products.

Frequent Interference of Brands

Frequent Interference of Brands

In the competition of selling more and more products daily, some desperate sellers are misleading eCommerce algorithms to surpass the right listing by falsely labeling fake products or using other attributes. In such a scenario, it has become challenging for genuine sellers to survive, as a big question that interference by dishonest competitors are affecting sellers extensively, and eCommerce marketplaces need to be vigilant and offer compelling solutions to address it. However, some channels are already providing such solutions for them. If you are facing such issues, you need to move your business to trusted platforms that help sellers resolve such problems.

Complicated Onboarding Process

Complicated Onboarding Process

Several eCommerce platforms have a complicated onboarding process, which can be the one major reason sellers have to think attaining success as an eCommerce platform. This issue can be resolved only when marketplaces take the initiative by making the onboarding process hassle-free. By improving the seller onboarding process, eCommerce ventures can make their sellers more comfortable.

Why Seller Management is Essential for eCommerce Sellers

To sell products on various eCommerce platforms, sellers must manage their business adequately. To provide an outstanding shopping experience to your customers, you need to manage inventories, payments, shipping, and returns in a compelling way. Without managing these aspects of your online business, you won’t be able to run your eCommerce business successfully. Poor seller management can disappoint your customers on various levels and ultimately push you towards a failed business. In this regard, you can take the advantage of any best eCommerce management software such as eVanik OWS. It can also help you manage inventory, payments, shipping, and returns by providing you with essential real-time data.

Best Seller Management Practices to Follow in 2022

Execute Onboarding Process Accurately

Execute Onboarding Process Accurately

As a seller, if you genuinely want to grow your business and provide an efficient customer shopping experience, you must attain enough knowledge about onboarding on a specific eComm channel. To make it a hassle-free process, you need to gather all the essential information from the marketplaces and execute it accordingly. Before onboarding on any platform, you must understand their selling policies and sellers' norms apart from that, you also need to know their guidelines for sellers. Onboarding on as many channels can upsurge your chances of making a solid customer base as well as generating revenue. Educate yourself enough to know all the tactics of eCommerce platforms.

Educate Yourself to Manage the Returns

Educate Yourself to Manage the Returns

Education never goes in vain, and it is essential for every aspect of life. It can become more critical when you are out there to earn your bread and butter. If you are into eCommerce seller, then you need to research and understand thoroughly about this business or get experts' help. One of the most critical parts of online business is managing returns for sellers and platforms. According to research, more than 60% of eCommerce returns are due to the mismanagement of the sellers. As soon as you start to work on minimizing returns, the chances of returns will diminish automatically. In such a manner, you can also take the advantage of return reconciliation software like eVanik OWS, that can help you manage your returns effectively.

Try Hard to Win the Buy Box Button

Try Hard to Win the Buy Box Button

While operating an online business, your focus should be on winning the buy box button on various marketplaces. However, reaching the buy box button is not as easy as it sounds. To maintain your hold on the buy box, you may have to follow standard guidelines of marketplaces along with competitive pricing. These rules include several aspects like seller ratings, inventory health, fulfillment standards, shipping speed, and outstanding customer service. All these important factors can help you win the buy box which leads to more sales and helps boost your marketplace performance. Smart solutions such as eVanik OWS also make this process seamless because the back-office operations in it can help you immensely in reaching the buy box button.

Conclusion

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