Sixty Gelu’s Post

Announcing a Breakthrough for E-commerce Brands! 🚀 We're thrilled to unveil the alpha launch of our revolutionary inventory planning tool, designed exclusively for Shopify and Amazon entrepreneurs. It's a game-changer: — Unified Dashboard: Instant access to sales history and forecasts, all in one place. — Seamless Automation: Effortlessly manage your inventory with our smart integrations. — Precision Restocking: Make informed decisions on what and when to reorder. Special Launch Offer: Be among the first to embrace innovation and enjoy a 30-day free trial, plus an unparalleled 75% discount for the next four months. Only a few days left. Act Now to redefine your inventory strategy. Explore the potential of our tool and how it can streamline your operations:https://hubs.ly/Q02kGccy0 Embrace simplicity in inventory management for 2024. Let's transform challenges into opportunities together.

Listings, stock and order management are often top of mind when selling on online marketplaces, but it’s also vitally important to understand your sales tax obligations and responsibilities - especially if you sell multiple products in multiple countries on multiple marketplace platforms. Here’s what you need to know about sales tax when selling your goods on online marketplaces in the UK, EU and US: https://lnkd.in/eqCVGhhz #ecommerce #marketplaces #ecommercesuccess #marketplacetrends #sellingonline #marketplacetips #businessgrowth #onlineshop #digitalmarketing #salestax

Enhance Your eBay Selling Strategy 🚀 with Prolisto’s Advanced Automated Pricing Solution 💡 In the fast-evolving eBay marketplace, maintaining a competitive edge is crucial for driving sales and maximizing profitability. Prolisto offers a cutting-edge automated pricing solution that leverages live competitor analysis to ensure your pricing strategy adapts in real-time to market changes 🔄. Key Benefits: Stay Competitive: Ensure your listings remain among the most competitively priced 💸. Increase Efficiency: Automate price adjustments and focus on strategic growth 🚀. Optimize Profits: Balance pricing for increased sales while protecting your margins 💯. Discover how Prolisto’s innovative approach can streamline your pricing strategy and propel your eBay business to new heights 📈. Learn more in our latest blog post: https://lnkd.in/dBx45Rym #eCommerce #eBaySelling #AutomatedPricing #BusinessStrategy #Prolisto #MarketplaceSolutions #Innovation #AutoPrice #eBay #Amazon

✈ Add Cross-Border to Your Sales Strategy – LatAm Marketplaces are Waiting for You! Looking to grow your business? Our new article offers a comprehensive guide on selling your products on Latin American 🌎 marketplaces, where you can discover the opportunities and challenges of cross-border selling. Learn how to adapt your catalog to local preferences and leverage platforms like Mercado Libre, Amazon, and Coppel to maximize your sales 👇 https://lnkd.in/d8MZu923 #ecommerce #marketplaces #expansion #crossborder

Only 38.4% of online retailers & brands sell on Marketplaces. Out of them 30+% sell in only one marketplace, that's what reveals a survey from Packhelp based on 500 European sellers. As you can imagine, there's still a long way to go. Most of their concerns can be externalized with 3rd party: - Not enough time -- Get a consultant - Legal and taxation -- Work with a tax company specialized in marketplace - Difficulty in managing order fulfillment -- Use a multi-marketplace fulfillment service - Lack of technical skills -- Get a marketplace integrator - Uncertainties about marketplaces rules -- Get a consultant (bis) The ecosystem is made for brands who understand the big picture. By carefully managing the range of products you sell, you lower the erosion of your margin as you won't have to manage: - Traffic acquisition - Manage front-end - Execute the daily operations To summarize the above: better selling on marketplace with external help than missing the chance of offering products on the biggest platform generating the biggest volume.

Achieving Marketplace Success through Effective Pricing Strategies 🚀 Selling on platforms like Amazon and eBay isn’t just about listing products; it's about strategically pricing them to win big. 💰 It's a game of balance: attracting customers while ensuring profitability. Let's dive into the core of a pricing strategy tailored for marketplaces: 1. Know Your Playground 🌐 Understanding the dynamics of marketplaces is crucial. With over 600 million products on Amazon alone, standing out demands mastery. Your pricing strategy needs to navigate through intense competition and diverse customer bases. 2. Crunch the Numbers 🔢 Get real with your costs. Factor in everything from materials to shipping, packaging, and marketplace fees. Your pricing strategy should always guarantee profitability, not losses. 3. Research Competitors 🕵️♂️ Analyzing competitors' pricing isn’t just about keeping up; it's about staying ahead. Avoid price wars, spot market trends, and differentiate your offerings wisely. 4. Embrace Dynamic Pricing 📈 In dynamic marketplaces, adaptability is key. Utilize tools to adjust prices in real-time and seize opportunities as they arise. 5. Test Drive Different Strategies 🧪 Experiment with value-based and competitive pricing. Play with psychological pricing techniques like charm pricing. Increase sales volume through bundling, cross-selling, and limited-time offers. 6. Stay Agile and Adaptive 🔄 Market dynamics change rapidly. Continuously monitor and adjust your pricing strategy to stay profitable and competitive. Remember, in the ever-evolving world of marketplace selling, a winning pricing strategy isn't just a tool; It's your pathway to success! #MarketplaceStrategy #PricingSuccess #EcommerceWinning #thefutureofecommerce

GMV (Gross Merchandise Value) often steals the spotlight 🎥, but is it the right metric for comparing marketplace companies with their traditional counterparts? 🤔 In the bustling arena of digital and traditional commerce 👩💻🚀, metrics are the compasses that guide strategic decisions 🧭. GMV, the total sales value of merchandise sold over a period, is frequently flaunted as a measure of success 🏆. Yet, this metric may not paint the full picture 🎨. With their unique business models, marketplace companies thrive on the volume of transactions. GMV shines here, showcasing growth and scale 🚀. However, it overlooks profitability, customer satisfaction, and operational efficiency – aspects where traditional companies often focus 🎯. Contrastingly, traditional businesses, with direct sales and inventory risks, lean on net sales and profit margins. These metrics reflect operational prowess and financial health 💪💰, more accurately than GMV. The intrigue deepens with revenue recognition. Under Ind AS, marketplace companies face a conundrum. Should they record the entire transaction value as revenue or just the commission? 📊 Ind AS mandates a more nuanced approach, focusing on the control of goods or services. According to Ind AS 115, revenue from a contract with a customer cannot be recognised until control of the goods or services has transferred to the customer. For marketplace companies, this concept of 'control' creates a bit of a dilemma. Let's consider an example using an online retail platform which acts as a marketplace bringing together buyers and sellers. When a sale occurs on the platform, should the full transaction value be considered as the company's revenue, or, should it be just the commission or fees the platform receives from the sellers? Under Ind AS, the answer depends on whether the company ever takes 'control' of the goods or services. If the online platform only acts as a facilitator and never takes control of the goods, then according to Ind AS, it should only recognise the commission or fees as revenue. On the other hand, if the platform is deemed to have taken control of the goods at any point (for example, by storing the goods in a warehouse before shipping), it could potentially recognise the entire transaction value as revenue. This can significantly impact reported revenue, offering a different lens through which to view company performance compared to GMV. This divergence in metrics and accounting treatment raises a critical question: Are we comparing apples to oranges 🍎🍊 when evaluating marketplace and traditional companies using GMV? Hi, I am Asheesh Chatterjee, a CA, CMA (India & UK), an alumnus of Kellogg School of Management. I love talking about accounting and revenue recognition.

🏆 Meet the Winers in category Best Global Expansion Solution, Kaufland Global Marketplace. 🏆 Check out our latest interview with Doreen Schumm, Head of Marketplace Sales at Kaufland Global Marketplace. Read about their winning solution, Kaufland Global Marketplace, that allows online sellers to sell on all of Kaufland’s marketplaces in different countries with just one registration. Learn more:

Ever wondered how massive marketplaces like iHerb measure success? It all boils down to GMV, the Gross Merchandise Volume!، GMV tracks the total value of all sales facilitated by a platform in a specific period before accounting for their shares i.e. revenue 🤗. i Think of it as the marketplace's "North star metric", which comes right after consideration stage across customer acquisition funnel. It's a crucial metric for investors and analysts to gauge a platform's growth and overall health. Why's GMV so important? Market size: A high GMV indicates a large and active user base, attracting both buyers and sellers. Growth potential: Rising GMV signals a platform's ability to scale and capture more market share. Business model validation: A healthy GMV confirms the platform's value proposition and effectiveness in connecting buyers and sellers. So, is GMV just for B2C (business-to-consumer) giants?️ Not at all! B2B (business-to-business) platforms like Alibaba and Grainger utilize GMV to track the total value of transactions between businesses. The business model behind GMV platforms? These platforms typically take a commission on each transaction, essentially acting as a middleman and earning a percentage of the total GMV. Feel free to share thoughts, thank you ✨. #productmanagement #sales #productmarketing

Operational complexity is a top driver of business valuation for #AmazonMarketplace #sellers. Ask us how to manage more ASINs, more suppliers, more #ecommerce channels, and integrate #marketplaces effortlessly in one platform. Report from Digital Commerce 360 - Analysis of the 100 leading global online marketplaces - https://lnkd.in/dB9tMC8g #inventorymanagement #orderfulfillment #warehousemanagementsystems #wms #oms #omnichannelstrategy