The world has entirely changed the way it shops due to the pandemic. Businesses that never considered selling online are now launching multichannel eCommerce strategies. Today, purchasing online is the safest way to order any type of product, from groceries to clothing, consumer electronics to hygiene essentials. The current crisis has led to a startling increase in the number of people shopping on eCommerce marketplaces, and this dynamic is bound to go on: according to a report by 99firms, around 95% of all purchases are expected to be made online by 2040.
Most brands and distributors opt to sell on all the popular eCommerce platforms like Lazada, Qoo10, Amazon, eBay, Zalora, and others at once. Multichannel selling is a fantastic opportunity and is easily achievable now with innovative technology. Selling across multiple marketplaces gives you ample opportunity to attract customers as your products will have increased visibility, but it sure comes with its own set of challenges.
Managing sales across multiple channels can result in inventory and order errors, operational chaos, and inaccurate stocks. Not just that, with such issues, you lose visibility of overall sales data on customer behaviour, resulting in a lack of insights that could otherwise help you build a strong brand strategy. Handling operations on different marketplaces can lead to challenges like:
For enterprises such as yours, multi-marketplace retail offers many opportunities once you navigate these challenges. The newly transformed multi-channel businesses require modern technologies developed with operational capabilities and seamless integration to achieve optimum visibility, at all times.
Among the eCommerce Management Systems available, the main gambit is finding the right solution that fits appropriately with your strategy. There are intuitively developed softwares that can help you manage all your online sales channels with an intelligent system to automate your operations and derive better insights.
The right platform can help you aggregate your marketplaces, whether local or cross-border for more streamlined functioning. Through these systems, you can oversee and manage your centralized inventory, linked to all your eCommerce platforms. It also enables bulk listing and eases the order processing & fulfillment processes for your team.
Here’s how the right technology products work to your advantage when you are present on more than one marketplace -
A lot of time is spent on listing products with descriptions, dimensions, prices, variability, images, and videos by your teams. To reduce this growing avalanche of work, you may lean towards using manpower, which tends to be expensive.
As a way around, using advanced systems such as Product Information Management (PIM) and Digital Asset Management (DAM) platforms make managing your content and digital much easier.
These features being a part of a multichannel eCommerce management system, can help you update products and respective information across all your eCommerce sales channels.
Dependence on manpower can cause errors and mistakes that hurt your brand, your cash reserves, or both. Picture this, your employees are listing thousands of products and they get mixed up in the product catalogues between two marketplaces. One, your listings will get rejected. Two, you will need to understand what went wrong. That is a huge amount of revenue, time and man-hours lost only to fix the errors. Plus, identifying the mistake will take an extra amount of all your resources.
Similarly, during promotions, prices need to be altered carefully to avoid slip-ups. Imagine your team enters the wrong discount amount for the wrong products and it goes completely unnoticed! That’s an entire promotion campaign down the drain and a loss on your hands if the discounts were too high. When you automate your online product management, you can make changes from a single panel to any product on any marketplace you sell on.
Having an international presence across the globe puts you in the big leagues of eCommerce business. However, chances are you might miss out on the connection with your customers. Technology platforms that are designed and developed with local nuances and trends in mind will help you derive effective sales strategies as per your business geographies.
Additionally, local expertise can help you to move things around at a quicker pace than an international team with a universal approach, resulting in a shorter time-to-market.
By maintaining a common inventory, you have control over your stock. It helps you monitor customer demands and preferences accurately. This way, you can oversee inventory requirements through production. With the help of sales reports for each marketplace, you can gauge where your highest sales come from. You can strategize to apply this data for building a strong brand image by anticipating and navigating issues pertaining to overstocking, understocking, and dead stock.
eCommerce management softwares gives you complete visibility of your performance online and on different marketplaces. It can show the sales reports of each product among different demographics too. Armed with this information you can articulate promotion plans to fit your ideal audience across marketplaces.
Besides earning revenue, selling through marketplaces helps your business grow. Online marketplaces have wide reach inside and outside your country. This can help you expand and gather more attention in new territories. But, with more inventory and more orders, you need efficient management to avoid confusion and delivery delays. With the right technology tools, you can control your inventory levels and effectively process orders on time. This way you no longer have to worry about expanding your business in new territory.
To convert your product visibility into profit you need control over your efforts for a strategic approach. You will want to watch how each of your moves impact your business and identify where your efforts are lacking. For this, effective control over your presence on different marketplaces is a must. Jumping from one seller panel to another is a waste of time for your team. It can delay effective measures and harm your brand image. With unified dashboards available in multichannel marketplace management systems, you can overcome this time management defect and achieve profits easily.
Multi-channel online retail can take your brand places. But, it should not come in the way of effectively managing your business. It’s easy to uphold this principle with the help of eCommerce technology that can help you gain control and visibility over your end-to-end eCommerce operations.
As eCommerce businesses evolve, multichannel management becomes more complicated. Managing different products across various sales channels gets more tedious if you rely on physical resources. But, with technology and integrated softwares, it is easier to manage and derive a multi-channel sales strategy. Here’s an analysed version of how to tackle multichannel management with the help of innovative systems.
Interested in transforming your existing multichannel selling, retailing, or eCommerce service business? Speak with our expert now.
Integrate your online channels in few steps, and try out all features of the SelluSeller
Receive the latest insights, reports, research papers, news bytes, and important announcements from Anchanto.
8 Valuable Principles of Establishing Project Management Processes
For businesses that wish to scale while maintaining quality work and standardized operations, Pro...Learn more
Why Should Brands Adopt Omnichannel Retail?
For brands, omnichannel retail holds endless opportunities and benefits. With a key strategy in p...Learn more
5 Metrics to Strengthen your Multichannel Sales Strategy
To be successful in Multichannel Sales, you must analyse your existing channel operations closely...Learn more
How eCommerce Marketplaces Can Help You Setup Offline Presence in a New Market
To establish an offline presence in a new market, brands can begin by selling through eCommerce m...Learn more
Meet Bhushan, Product Consultant at Anchanto
Freshly out of college, Bhushan joined Anchanto’s rapidly growing team three years back. His jour...Learn more
Anchanto facilitated successful year-end eCommerce sales of Filipino local businesses amidst Covid-19
Anchanto helped Filipino businesses navigate challenges & scale operations online during COVI...Learn more
7 Key Steps to Set up Operations in a New Market
Establishing offices and operations in a new country requires detailed market study, proper strat...Learn more
Top tips to boost your social media and social commerce strategy
Your social followers can gradually convert to your shoppers. Here are few ways on how you can ma...Learn more
Electronics Conglomerate Panasonic announces eCommerce expansion across Asia-Pacific in partnership with Anchanto
Panasonic, a global electronics conglomerate announces partnership with Anchanto to streamline it...Learn more
Starting a New Job from Home: 7 Anchanto Stories
Listen to the stories of Anchanters who joined the company during a global crisis and how they na...Learn more
Social Commerce: The Winning Combination of Social Media and eCommerce
Social commerce is an upcoming trend and takes the best of eCommerce and social media to help you...Learn more
6 Useful Practical Insights to Manage Cross-border eCommerce
Understand the challenges of cross border eCommerce and how to tackle them through intuitive tech...Learn more
Preparing your logistics business for special sale seasons
Plan ahead for sales season this year with these recommendations for warehouse management system ...Learn more
How to Leverage YouTube for Retail Businesses
YouTube can work wonders for retail businesses. From having access to a large number of customers...Learn more
8 eCommerce Mistakes to Avoid this Holiday Season
Some businesses struggle to convert their holiday website traffic into sales. If you face this ch...Learn more
Top Multichannel Inventory Challenges and Solutions
Shifting to multichannel sales, you are likely to encounter commonly faced inventory challenges a...Learn more
Content Asset Management: A key to multichannel eCommerce success
Digital Asset Management (DAM) and Product Information Management (PIM) are two systems help that...Learn more
Retail distribution giant Valiram selects Anchanto to accelerate its global eCommerce transformation
Valiram, South-east Asia’s leading retail specialist, announces partnership with Anchanto to soli...Learn more
How to achieve control over your online retail business and improve its visibility
Understand how technology and software solutions can help eCommerce businesses to improve control...Learn more
Analysing The New Normal for Fashion eCommerce
The Covid-19 pandemic has changed the way in which shoppers use eCommerce, especially when fashio...Learn more
Using my past entrepreneurial experience to solve eCommerce Challenges for Enterprises
My experience as an entrepreneur helped me solve the challenges faced by eCommerce enterprises as...Learn more
Practical insights to implement a robust Omnichannel strategy for your retail business.
A few years back, ‘Omni-channel’ was merely a buzzword, a theoretical concept that was just discu...Learn more
How we conceptualised and launched our latest innovation in just 3 months
When it comes to innovation, we are always on the lookout for newer ways to make our customers’ e...Learn more
Scaling your logistics and fulfillment business with the right technology.
According to a report by Mordor Intelligence, the logistics market in APAC is set to grow at a CA...Learn more
Overcoming challenges of cross-border eCommerce
Over the last few decades, selling has seen a logical progression. Earlier, the brick-and-mortar ...Learn more
Utilizing Cutting-edge Technology to Overcome the Challenges of Channel Management
Distributors have long played an important role in streamlining the operational lines between man...Learn more
Onboarding customers remotely: how the pandemic helped us learn & innovate processes
Aligned with our deeply ingrained objectives of delivering anchanting experiences to our customer...Learn more
How to Use Partnerships & Tools for Shorter Time-to-market?
As a retail brand or distributor, time is of the essence, especially when you want to expand your...Learn more
Can sticking to a marketplace harm your online trade?
There’s no doubt that eCommerce has given businesses a new lease of life. Much of the overhead th...Learn more
How brands overcame the channel conflict dilemma
Earlier, businesses had to establish their dealer and retailer networks in all geographies, putti...Learn more
Anchanto achieves profitability and receives S$16.6 million in ongoing Series C-funding round for market expansion & product development
Anchanto’s SaaS offerings receive a vote of confidence from globalcompanies due to steady profita...Learn more
How can distributors keep both brands and buyers happy?
As the world shifts to the new normalcy and adopts online shopping, your distribution responsibil...Learn more
Australia: How Anchanto is ramping up growth in the region
After entering the Australian market in late 2019, we are well underway to serving as a bridge fo...Learn more
Creating a Successful Cross-border eCommerce Strategy for Your Business
Cross Border eCommerce strategy is one of the major factors associated with the future of eCommer...Learn more
Should you outsource eCommerce operations or manage them in-house for your brand?
It is no secret that the global retail economy is changing fast and eCommerce has a significant p...Learn more
Execute Seamless eCommerce operations on-the-go with the all new SelluSeller App!
The world, as we knew it, has completely changed over the past few months. A remarkable shift can...Learn more
The Power to manage business ‘on-the-go’ for eCommerce leaders.
Living through a pandemic has altered the way people across the world shop, leading to a remarkab...Learn more
SelluSeller Now in Your Palm- An eCommerce Management Revolution
Aligned with our vision of making multichannel selling & eCommerce logistics simple for every...Learn more
Enhancing eCommerce Logistics Operations with Cutting-edge Technology
The eCommerce wagon runs on the tracks of resourceful supply and excellent connectivity. As onlin...Learn more
2018’s Top Ecommerce Trends That Will Shape Online Selling in Southeast Asia
As online selling is a fairly new retail method, ‘change’ is a common expectation for almost all ...Learn more
The Influence of COVID 19 on Fashion eCommerce
Understand the existence of consumer trends for fashion industry during the lockdown period and h...Learn more
What does the current pandemic mean for brand marketing agencies?
The Covid-19 pandemic has shut offices and significantly affected our world, but it has also resu...Learn more
Exploring the Future of Australian Businesses in Asia - I
Covid-19 has become a force that has changed the way in which businesses operate, strategize and ...Learn more
Exploring the Future of Australian Businesses in Asia - II
In order to grow and thrive in a post-pandemic era, Australian businesses must analyse the risks ...Learn more
How to avoid human mistakes in eCommerce with Automation?
eCommerce businesses in Southeast Asia have struggled for a long time dealing with manu...Learn more
How Should I Structure my Warehouse?
The efficiency of an eCommerce business depends heavily on how well its warehouse is op...Learn more
How to Improve User Ratings on Seller Centre
As an online seller, you must be well aware of the importance of the ratings that you get on your...Learn more
How to Structure Fulfillment Operations for Your Selling Business?
Fulfillment operations primarily refer to the process of getting a product delivered to the right...Learn more
What is the difference between B2C & B2B Fulfillment?
With the rapid expansion in the Singapore digital economy and online purchasing decisio...Learn more
How to Avoid Overselling?
Inventory and stock management are one of the biggest challenges faced by enterprise eCommerce bu...Learn more
What is the Difference between WMS and eWMS?
Warehouses have always been an integral part of any retail chain business and proper wa...Learn more
How to Reduce Customer Complaints and Claims
When the customer is unsatisfied, investigating the way they are treated, is important.Learn more
3 Things You Need to Master To Sell More on Marketplaces
Why is it that global businesses and brands, most often, seem to be miles ahead in their approach...Learn more
How to Make an Effective Social Media Plan for Your Online Store
A Social Media Marketing Plan or social media plan is a document that details the strategies in s...Learn more
How to Use Emotional Persuasion as a Growth Tool for Online Selling
Neuromarketing or emotional persuasion in connection with sales and marketing is not a new concep...Learn more
Top Marketing Strategies for Your eCommerce Store in 2018
eCommerce is the next big thing when it comes to online web stores in SingaporeLearn more
Top 5 Ways to Advertise Your Products for Free on the Internet
E-commerce is what Singapore is going towards with each passing day. With the rise in the accessi...Learn more
How Do I Sell Online in Singapore For Free?
To sell online without having to spend a penny, you have several options: through social networks...Learn more
Decoding the Cross-Border eCommerce Puzzle
Technology enabled eCommerce has given an unprecedented push to cross-border trade in recent years.Learn more
Grow Your Online Business by Selling More to Current Customers
When you ask a co-seller what their goal is when they start start selling in Singapore, they almo...Learn more
How to Transform Occasional Buyers in Frequent Customers?
While online sellers and brands always seek to expand their reach to increase their sales in Sing...Learn more
Five Most Common Mistakes Made by Online Stores
Revenue in the eCommerce market of Singapore amounts to US $8,591m in 2018, and it is expected to...Learn more
7 Tactical Ways Every Business Can Use Local Marketing to Sell More Online
Local marketing is the process of optimizing your website’s brand in a way that adapts the localLearn more
How to Choose the Perfect Theme for Your Online Store
Judging a book by its cover may not be a good way of understanding our society, but when it is aboutLearn more
Best Software and Apps to Edit Product Photos
We all know about Photoshop, one of the most common and efficient image editing software in South...Learn more
How to Describe a Product in Your Web-Store?
The content is king. A phrase conveys the importance of your titles, descriptions and other texts...Learn more
The Drop Shipping in eCommerce: Is it Possible to Sell Without Having Inventory?
The inventory is undoubtedly one of the dilemmas of any company that trades with articles of any ...Learn more
How to Choose an online marketplace to sell your products?
A data from Entrepreneur-the elite magazine says In 2017, the eCommerce market generated a revenu...Learn more
Eight Effective Ways to Promote Your Products on eCommerce Platforms
When planning to promote your products to strengthen the sale, you should not limit yourself to t...Learn more
How to Master Product Photography on a Tight Budget
If you are one of those who keeps uploading the product photos provided by your supplier,Learn more
Nine Effective Strategies to Increase Additional Sales
Selling more is something that obsesses both online and offline marketers. Hence, a seller is con...Learn more
Top 10 DIY Things to Make and Sell Online
Singapore has a history of thousands of years. This means people residing here have ideas of art,...Learn more
Marketplace Aggregation – Why It Can Make or Break Your Online Business
Okay, so you’ve moved on—not in the distant past—from the brick and mortar model of doing busines...Learn more
Dont Just Meet Marketplace SLAs, Beat Them!
With the spurt in Singapore eCommerce, sellers need to deal with a deluge of Service Level Agreem...Learn more
How to Use Discounts and Deals to Get More Customers Come and Stay Forever
Encouraging repeat sales is a crucial aspect of online selling, specially when you are an online ...Learn more
How to Maximize Selling During Peak Season
For an online business seller in Singapore, holidays are golden opportunities for increasing thei...Learn more
How to Be an Online Power Seller on Major Marketplaces in Singapore
The rising popularity of Singaporen eCommerce marketplaces has led to increase in the direct comp...Learn more
Top Products to Sell Online in Singapore
With a history of over 40,000 years, Singapore is one of the 17 mega diverse countries in the world.Learn more
How to Start Selling Online in Singapore
The massive shift of Singapore retail towards digital has opened up a whole new world of opportun...Learn more