19 Jan 3 Ways How Marketplace Hub Could Multiply Your Online Business
How many products do you have? 100? Or close to 1,000 SKU across your marketplace platforms? How can you effectively manage all these products you are selling in order to increase your sales? Are you still considering hiring more employees to manually manage each of your e-commerce platforms?
To build ecommerce platforms that are attractive to your customers, you have to automate your e-commerce business processes. Instead of hiring more staff, you can have a cost- efficient solution to manage all your products on just one interface with Marketplace Hub.
Marketplace Hub is an integrated platform that allows you to simultaneously manage your business operations of multiple marketplaces in an automated way through one single interface.
How can Marketplace Hub multiply the results of your online store?
- Synchronise Latest Prices To All Marketplaces
- Keep Track Of Product Inventories Across Marketplaces
- Synchronise All Orders From Various Marketplaces
1. SYNCHRONISE LATEST PRICES TO ALL MARKETPLACES
Usually, online marketplaces will have unique terms and conditions for their promotion campaign. If the retailers are participating in several promotion campaigns in different marketplaces, they will have to log in to several marketplaces at the same time to ensure their prices can remain attractive to capture more sales. However, with Marketplace Hub, retailers can easily automate promotions by setting up product- specific, category-specific, and store-specific promotions across marketplaces. Through the sales and promotions modules in Marketplace Hub, retailers can schedule timetables that automatically launch their latest prices and promotions at different marketplaces.
2. KEEP TRACK OF PRODUCT INVENTORIES ACROSS MARKETPLACES
There is always a dilemma on how to allocate stock across all marketplaces. For example, if we have 90 iPhone 13, should we state in each marketplace that we have 90 iPhone 13 or do we equally distribute the stock to all the marketplaces such as 30 in Shopee, 30 in Lazada and 30 in Presto Mall? Which option could ensure that retailers maximize their sales potential and prevent overselling? On the other hand, retailers who are using Marketplace Hub can connect all their marketplaces and the latest inventory will be reflected concurrently at all their connected marketplaces.
3. SYNCHRONISE ALL ORDERS FROM VARIOUS MARKETPLACE
To manage multiple marketplaces, retailers will often face trouble managing orders received from different marketplaces. For example, they will need to log in different marketplaces to process orders received, cancel orders, address out-of-stock items, and assign products to the warehouse for delivery arrangements. These operation processes could be simplified if retailers are using Marketplace Hub to manage all their marketplace. This can improve retailers back end operation efficiency to handle customers’ orders faster, hence increasing the good reviews and reducing cancellation and refund cases.
In the process of digitalizing your business, Marketplace Hub is definitely one of the essential automation solutions that your business cannot live without. While you are still considering whether to hire more staff to manage all marketplaces, why not try out Marketplace Hub? It is a more cost-efficient solution to help you better manage your tedious business operations across different marketplaces, so you will have more time to plan out your next business strategy, next attractive campaign to win your customers’ heart.
Looking for a good Marketplace Hub? Senwave has the solutions ready to help you to better manage your product information across channels seamlessly.