Online sales / Dropshipping and retail arbitrage are the most popular way to make money online today in 2021.
Here’s a list of top critical e-Commerce mistakes that you should avoid to succeed.
1. Focus on Creating and vision instead of marketing research
The creative process can be very exciting and fun, inventing new products or some original accessories captivates.
The launch of a new product on the market should start with eCommerce marketing research, ignoring this research can lead to the collapse of the enterprise and profit losses.
2. Choosing the platform
Most of the eCommerce platforms allow you to create online stores and sell online, to succeed in the market. You must select the one that fits your business needs. It depends on the items that you sell and what is your audience.
Make your own marketing research. Study reviews and look at your competitors. Be the best in your platform and explore everything new things on the platform you select.
3. Bad customers’ Service
The benefit of the online store is that you have many ways to connect with your customers, they can contact you in the comments on the products, through the contact us store page, send messages and email messages, you have to know the products you sell, you need to be prepared to questions that your customers may ask.
Ignoring the messages or slow response to a customer will definitely hurt your business, bad reviews.
As a customer, I can say that it’s so good that you have someone from the other side that answers you and know the answers.
While many business owners managers mistakenly see eCommerce as a set-it-and-forgot-it, get-rich-quick proposition, this couldn’t be further from the truth.
We recommend acting to your online business like an empire. Everything needs to be perfect, imagine the difference you enter a 3-stars hotel and a 5-stars hotel. The entrance, rooms, restrooms – everything is different. This is exactly the difference between small-medium online business the empire online business. In the first 6 months invest the money you earn into your business and keep the innovation in your business.
https://www.triplemars.com/wp-content/uploads/2021/10/Untitled-design-14-min.png6281200itsik@triplemars.comhttps://www.triplemars.com/wp-content/uploads/2021/02/logo.pngitsik@triplemars.com2021-10-05 13:36:352021-12-08 10:15:16Top Critical e-Commerce mistakes to avoid when selling online
What are the top 10 Hot Products to sell in October 2021?
One of the important things in selling online is to be updated and prepare for every month(this month October). See what holidays are we waiting for, and more?
So let’s start:
Top 10 Hot Products.
1. Home improvement supplies like WiFi-enabled garage hubs and more. 15-amp duplex outlets, color-changing LED strip lights. Also outdoor solar lights, examples attached. Example 1, Example 2, Example 3.
2. Household and health items for example: drain clog remover, liquid laundry, dishwasher detergent tablets. Also, sleep masks and sleep supply health products and heating pads. Example 1, Example 2, Example 3.
3. Home products such as hanging wall storage items, runners, and pads; craft glue, desk lamps with wireless chargers. Also, automatic soap dispensers and, dryer vent cleaning kits. Example 1, Example 2, Example 3.
5. Grooming and personal care products including deodorant bar soap, bath soap, perfume, and back scrubbers. Also hair clippers, body lotion. Example 1, Example 2, Example 3.
6. Audio products such as on-ear wireless headphones, gaming headsets and headphones, and wireless earbuds (Be aware from VERO Products) Example 1, Example 2, Example 3.
7. Phone accessories like USB wall chargers, car phone mounts, clear iPhone cases, and iPhone charging cables (Be aware from VERO Products) Example 1, Example 2, Example 3.
8. Computer and work desk items including dry-erase desktop computer pads; tablet stands; webcams, memory cards; and USB flash drives Example 1, Example 2, Example 3.
9. Tools like circuit breaker finders, Bosch tools, folding pocket knives, and bit holders, Screwdrivers, housewares. Example 1, Example 2, Example 3.
10. Office accessories and supplies such as silver permanent markers, printer paper, double-sided tape, and 3-packs of scissors Example 1, Example 2, Example 3.
Focus on list items of updated and trending items that will fit October 2021.
October brings both Columbus Day — now Indigenous Peoples Day in many areas — as well as Halloween. What should sellers do about these holidays?
List Halloween products – This holiday will change your sales count in the first day. You will list a bulk of products from the Halloween holiday inventory.
https://www.triplemars.com/wp-content/uploads/2021/10/October-2021-min.png6281200itsik@triplemars.comhttps://www.triplemars.com/wp-content/uploads/2021/02/logo.pngitsik@triplemars.com2021-10-03 10:10:232021-12-08 10:15:16Top 10 Products to sell in October 2021
Jewelry is one of the most popular and used by Boys and Girls. The jewelry world is one of the widest fields. There are so many types of jewelry, necklaces, bracelets, rings, earrings and from every one of them so many types, styles, and colors.
There are many trends of types of jewelry in periods and there are types of jewelry that are sold regularly.
Who knew that dropshipping jewelry would be the next thing of our time!
What started as part of the culture and was thought to have magical properties once became a huge billion-dollar industry.
Jewelry, as we know it today, comes in so many forms.
For some, it is a way of expression, a symbol of love, thanking, or just part of our everyday aesthetics.
And most importantly, for us dropshippers, jewelry is a huge platform and has a huge potential profit.
Learn what are the top 10 jewelry products for dropship with Triplemars.
Before getting into what hot products to sell, here are some TIPS for selling jewelry.
– add as many details about the product, specifications as possible, this is especially needed in products because shoppers want to know exactly what they are buying, this shopping area is sensitive and therefore the product description is required.
– Be sure to add the type of material, metal, stone, pearl, necklace, or other relevant details.
– Details on items and photos are very popular by the eBay search engine, Cassini, use it.
Top 10 jewelry products to dropship
Colorful Choker Necklaces For Women
First, on our list of dropshipping products, we have the charming colorful choker necklace.
Summer trend, tight and colorful necklace for women, an addition to a summary and chic look. The necklace comes in different versions, different colors and sizes are available, so make sure to offer your buyers a variety.
2. Bridal jewelry sets
Second on the list, bridal sets.
Jewelry is a must for a bride on a wedding day, the glare of the jewelry is perfect for the dress, completing the look.
Every bride needs a particularly matching jewelry set on her wedding day, but the costs are very high, when there is such a large expense as paying for a wedding event a less expensive alternative to jewelry can be found.
Help your shoppers find the perfect addition to their special day and offer different options, styles, designs, colors, and sizes.
3. Hoop earrings
Hoops never really seem to be out of fashion, but if you feel like they’re a bit gone, know that they’re coming back at peak power. This year we will see hoops in all sizes, from all metals, in all colors, and all designs and they are going to conquer the coming season when there is one main twist: one of the trends offers to wear only one earring! Yes, one large hoop in the right ear or left ear will suffice to put you in reputable fashion magazines. But do not worry, you do not have to go that far – even regular hoop earrings are completely fashionable in the coming season.
4. Pearl Jewelry
The pearl is a type of gemstone that comes from oysters. It is considered rare and beautiful, so even before BC, it was used for inlaying crowns and jewelry. The pearls in the jewel will usually come in a stunning milky white color, but in fact, a pearl can come in a variety of colors. You may remember the pearl jewelry from Grandma’s jewelry box, but you will be happy to hear those pearls have completely returned to fashion, and if you ask us this is a reason to party!
Pearl inlaid jewelry has gone from old-fashioned to modern and fashionable, and they complement the style and add a timeless classic. Jewelry with pearls comes in a variety of ways – these can be perfect pearl earrings, based on white or yellow gold and set with or surrounded by diamonds; Classic pearl bracelets set with diamonds along the length of the bracelet and creating a princess and white look.
Or drop-shaped pearl pendants, and even those set with diamonds along the way.
5. Jewelry With Ocean Motifs
The ocean has a calming effect on body and mind, and this is probably why designs with nautical motifs are so powerful in 2021 after a particularly difficult year we have gone through. Today you can find many pieces of jewelry that take inspiration from the sea – pendants in the shape of shells, pearls, animals from the sea, and more, as well as jewelry with soothing pastel shades such as light blue, pink, white, cream and more.
6. Long Necklaces
After the last few years, mainly the tight “choker” necklaces dominated. It was time to refresh the necklaces – and the prominent trend is long, prominent, and bold necklaces, which replace the tight necklaces.
Long necklaces usually also come with a prominent pendant (probably in a figurative form, as we saw in the previous section). And can also come in striking colors or rather in solid shades.
7. Pendants In Figurative Forms
Instead of jewelry in all sorts of geometric shapes and special and abstract designs, one of the trends of 2021 is jewelry that mimics real objects. Which can be animals, flowers, stars, and even humans, as well as everyday objects like bags, coffee mugs, and all sorts of other objects in this style. These pendants are interesting and unique and add a lot of character to any look!
8. Chain Bracelets
The next one is one of the trendiest in 2021.
The chain subcategory is blowing up.
The alternative look from the ’90s made its way back and has proven to be a huge hit in 2021.
Young men and women love the edgy look chains give off and are implementing it as a staple in their collection. Here are the top 3 chain that gives off a cool vibe.
9. Cross Jewelry
Since the Roman Empire was created, cross jewelry is very popular.
For some, it is still a very subversive act, but recently it has become an aesthetic of its own.
Take advantage of the hot product and start selling cross bracelets, necklaces, earrings, and other crosses.
10. Choker Necklace
The chokers have been used since the world’s earliest civilizations.
Fast-forward hundreds of thousands of years, they have come back to our lives. We have a newer and more modern version. this trend has come back in the ’90s and now.
From concerts, runways to everyday fashion, these chokers have proven to be here to stay. When selling them in your dropshipping store, offer your buyers multiple choices.
Make sure to take into consideration the different colors, materials, styles, and sizes.
https://www.triplemars.com/wp-content/uploads/2021/06/Untitled-design-12-min.png6281200marketing@triplemars.comhttps://www.triplemars.com/wp-content/uploads/2021/02/logo.pngmarketing@triplemars.com2021-09-28 07:10:212021-12-08 10:15:19Top 10 Hot Jewelry Products To Dropship on eBay
Are you a new dropshipper? “How do you choose the best marketplace to dropship to Ali Express or Shopify?”
As a new dropshipper, you must know that there is no point in comparing between the two platforms and you can use both extensively for your online business.
Shopify is the platform that presents your front, holds your storefront, your inventory, and manages orders.
Ali Express is a marketplace that sells products from China, it’s a similar marketplace like eBay and Amazon, Aliexpress is offering Chinese products and cheap products.
The process of a dropshipper is that a client buys a product through your Shopify store, and you purchase the product from Ali Express and the seller from Aliexpress ships the product to the customer.
Shopify = Website, Ali Express = Supplier.
It is obvious that as a new dropshipper you can start by buying a Shopify plan and upload some nice products from Ali Express.
There are more many considerations that a dropshipper should count on before opening an online business.
Market Research:
Before uploading a product that you have liked or random products, you must do Market Research.
That means to find your niche and find some products to upload and sell, you must answer a few questions before, is the product already selling? Does it have a market? Does it belong to a passionate niche? Can you easily promote it to a specific group of people? Is it too saturated or are there too many people selling the same product (competition)? What is its perceived value?
In the beginning, You can open your online store using Shopify’s free plan.
When searching for a supplier, you need to be aware of several things
First, you need to make sure that the quality of the products is at the required level.
Reputation In Ali Express:
Check the feedback on sellers in Ali Express, little search products, and sellers can help you make a decision which products or seller (supplier) is better for your online business, checking feedback will help you determine if the seller is a good fit.
Shipping terms:
Make sure to look at the shipments term from the supplier.
What type of shipping methods do they offer? How much do they charge for shipping?
How long will it take for them to process the order and ship the product to the customer?
https://www.triplemars.com/wp-content/uploads/2021/07/Untitled-design-5-min.png6281200itsik@triplemars.comhttps://www.triplemars.com/wp-content/uploads/2021/02/logo.pngitsik@triplemars.com2021-07-05 07:43:312021-12-08 10:15:24New to Dropshipping? Ali Express or Shopify?
There are hundreds and thousands of Shopify store owners that profit daily on Shopify.com
Shopify is a great platform and way to start your own online store. But, there are a lot of factors like your product, marketing, returns, refunds, that influence the profitability of your own Shopify store.
There are two ways to use Shopify Stores:
Selling your own products:
People sell made by designers products or manufacture their own products.
This is a great way to earn money if you have a certain set of skills and using this method, you need to store the products in a warehouse and ship the products to the customers on your own. Which might get harder after a while. There is also a huge investment for the stock of products as well as a warehouse and even employees.
Dropship and Retail Arbitrage:
Dropshipping is a way that most people earn money on Shopify, Amazon, or eBay.
Many online businesses make their profits by dropshipping and Retail Arbitrage.
Since dropshippers don’t list their items and hold the physical stock there is no need to worry about the shipping process, all you have to do is request the supplier to ship it to your customer and collect the profit.
Which One Should You Choose?
Dropshipping would the right choice for you unless you are an independent seller that sells their products.
Several factors can influence the profit
Choose The Right Product:
The product that you are selling is the most important factor for a Profitable store and according to the products demand the sales will grow, learn what are the most popular products in the market and focus on them.
Marketing:
A lot of people use Facebook to generate traffic to their Shopify or eBay store, which helps the store owners reach the products to potential customers, you can market your store on other social media platforms like Instagram, Youtube, Google, TikTok, Snapchat and more.
Pricing:
Has a huge effect on the profitability of your Shopify or eBay Store. After finding a profitable product, you must price it in the amount that makes you profit but also consider that if the price is too high, you might not have that any buyers.
Shipping Time:
Shipping time is the most important thing for users. Delivering your product faster is always appreciated by customers.
Customer Service:
Customer service is of great importance in any eCommerce store.
People look for after-sales service, refund, replacement guarantees before they order from your store.
Make sure you specify all the services that you offer as a seller to that for avoiding legal claims.
Customer service is one the most important part of succeeding in this industry, most people would purchase from you over and over again.
So make sure you offer an amazing customer service and experience to make them keep on coming back to your online store.
https://www.triplemars.com/wp-content/uploads/2021/07/Untitled-design-3-min.png6281200itsik@triplemars.comhttps://www.triplemars.com/wp-content/uploads/2021/02/logo.pngitsik@triplemars.com2021-07-01 06:07:422021-09-28 04:32:00Are Shopify Stores Profitable In 2021
Facebook Marketplace has in 2016, quickly proved itself for buyers and sellers alike.
Facebook’s marketplace is an online shopping platform that came in perfect timing. users in Facebook were already creating and joining buy and sell groups on Facebook. Facebook just made this platform official.
On Facebook Marketplace, you can buy and sell within your community, there a specific niche that the seller and buyer can use.
If you’re a U.S.A seller can only sell across the continental United States.
Facebook Marketplace provides public profiles and rates for sellers and buyers.
The ratings provide buyers and sellers confidence about their transactions.
Through Facebook Messenger, you can chat with customers. Facebook makes the complete process easier using the most popular social media.
with Facebook marketplace the payment process is easy, you are free to use other platforms of payments such as cash and PayPal.
You can sell everything on Facebook Marketplace, from ranting a house, salle care or sell a TV,
new or used.
And because Facebook is a free platform and that’s why the seller does not get fees charge.
it’s good to start to get into the e-commerce world
How do I sell things on Facebook Marketplace?
The first step is to create a listing for the item you’re selling.
Select Facebook Marketplace in the main menu and click on the Sell button at the top of the Marketplace menu.
you will need to choose between four types of listings:
Items
Vehicles
House for sale or rent
Jobs
Next, upload the product picture, price, title, condition category, location, description, and more information that you have decided on.
Once you have provided the necessary information, click Next.
Publish to make your listing.
It will be available to everyone on Facebook.
let’s understand what are the four sales categories on Facebook Marketplace
Facebook Marketplace categories
Learn what is allowed and prohibited in each sales category.
Items:
All items must be physical products.
the product that allowed are:
Clothing
Accessories electronics entertainment hobbies
Home and garden
Selles
products that are Prohibited to sell on Facebook Marketplace:
Weapons ammunition
Animals
Drugs
Tobacco
Dietary supplements adult products and services
Real or fake currency
Healthcare products, a product with a before and after photo attached, Recalled products
The Advantages and Disadvantages of selling on Facebook Marketplace
75% are checking their Facebook account every day.
Thanks to Facebook’s sophisticated algorithms, people in the physical area will see your products that are up to sell.
with the Facebook marketplace, it is very easy to share products on your Facebook groups and sell platforms
Strong customer-
Since the seller can talk with buyers with the Messenger platform, the buyer can see the seller Facebook profile,
that’s gives the customer trusts to buy the products
Quick and easy listing process.
The more professional and esthetics your listing looks, your sales will grow
It is easy to polish your products-
for example by upload several photos, up to 10 at a time the main reason is that buyers can look at the pictures and be more secure to pay for the products
Convenient shipping.
as a seller, you can make the next decision, who will pay for shipping.
creating and printing shipping labels facebook marketplace it is easy and inexpensive for buyers.
If the seller
pays, the shipping cost is automatically part of the amount
Disadvantages –
Limitations on volume sales-
If you have some variation of the same product, you must create an individual listing for each item that sells.
Selling multiple quantities of an item is allowed if you post from a business page, but some sellers have reported issues even then.
Sparse notifications-
Facebook has a system that will email you updates about your listing,
you may or may not receive phone notifications
Facebook Marketplace rules-
Besides uploading products and selling items, the other main rule for selling on Facebook Marketplace is to ship items in a timeline that has been determined.
If you are a seller on Facebook Marketplace, you must ship the product in three days from the day you have made the sale. the Delivery must be after 10 days of the sale.
There are no rules about negotiating with buyers
How to negotiate with buyers on the Facebook marketplace-
Commonly, buyers are trying to negotiate on price the main thing is to avoid doing so on Messenger. Buyers will often hold off on the next seller instead of lowering their offer.
With items that you are shipping, it is up to the seller if negotiate on the price.
For personal transactions, a straight exchange for cash or a check is better
How much does it cost to sell on Facebook Marketplace?
there are no costs for an individuals seller to sell on Facebook Marketplace.
moreover, there is no fee to join Facebook or Facebook Marketplace.
If you operate on Facebook Marketplace as a merchant, you must pay a 5% fee on any transactions, with a minimum charge of $0.40.
pay attention, you can only sell items priced between $5 and $500.
if you sell an item for $5, you will pay $.40 on that transaction even if the 5% fee is $.25.
Managing payments improved the selling and buying experience on eBay, provides buyers with several ways to pay and several platforms for the seller to accept the profit. eBay has managed billions in payments for thousands of sellers with PayPal but with the new eBay managed payments eBay will require all sellers to register for eBay to manage payments in 2021.
The reason for the managed payments
this change has come for some reasons:
It is more simple to sell –
With the new eBay managed payments it is easier for buyers to pay. And that is why the sales will grow, with these managed payments it is more flexible, with more payment options for buyers.
Low fees-
With the new eBay managed payments the fees are lower, in that way you can save a lot of money and profit more.
Pay lower fees and profit more.
Simpler to manage your online business-
All the information that requires to manage your online business in one place, reports, returns, claims, and disputes, all in one place.
Did you get a message from Payoneer?
When you have received a message from eBay that recommends is to register before the deadline. And avoid any interruption to your online business. This process consists of several simple steps. Once you have done the registration, eBay will send you some details about how to prepare your online business. And take full control of a simpler approach to payments.
To complete the process, the seller and buyer have to open a Payoneer account. The managed payments allow buyers and sellers to lead global payments.
the new managed payments allow sellers to easily receive funds associated with their transactions on eBay.
This new partnership allows sellers to manage all their financial transactions on eBay. By streamlining the selling process, you can more easily manage profits.
If you have a Payoneer account you will be able to connect your account to your eBay account as part of the Changement to managed payments
If you don’t have a Payoneer account, you will need to open a new account to complete the new managed payments process. Without this part you won’t be able to be a seller on eBay.
Payoneer will request information for your registration, please provide this information to is complete the process.
As part of the registration process, the seller can choose to add any bank account.
Please make sure that the name, address, and business information on your bank account are the same as your eBay account.
eBay will work closely with sellers to make sure that the new payments experience provides a solution to all the seller’s needs.
Once you register, nothing should change until eBay will activate your account.
eBay will send you an e-mail that notifies you about the deadline date of your activation. This message will include information on the new managed payments.
Learn what are the benefits of the new eBay-managed payments?
Since its inception in 1995 eBay has capitalized on the obsession we have for online shopping and selling. But for those who run a business buying and selling items on eBay, reconciling accounts can get messy at the best of times.
For eBay, all of the payments and purchases were previously worked with Paypal, all of the transactions across the two platforms took a lot of time-consuming, causing inaccuracies, challenges with
refunds and payments.
To resolve those issues, eBay transforms to the new Managed Payments.
What Are The New eBay Managed Payments?
After Paypal became an independent company, for the past 5 years, sellers and buyers still could use Paypal as part of eBay experience.
However, that’s going to change.
eBay’s new Managed Payments, eBay has replaced Paypal with a new platform for sellers to manage their eBay business and for buyers to have the ability to pay in other options.
According to eBay’s Managed Payments FAQ section:
“Managed Payments is the new way to do business on eBay […] all sellers will eventually be required to have eBay manage their payments to keep selling on eBay”.
Yes, As a seller, must use the new eBay Managed Payments.
So, how will this effects seller on eBay?
This change should make life easier with consolidated fees, customized reports, refunds and returns, labels, simplified protections, and tax documentation, all accessible through your eBay account.
How Does eBay Managed Payments Works?
In the interest of eBay is to keep all of your transactions within their platform. The idea behind this changmant is that eBay’s internal platform is more streamlined, saving sellers time and money. that’s means that sellers can sell and get paid all of the financial information in one place.
Rather than funds being routed with Paypal and incurring additional fees, eBay manages the transactions between the seller and buyer. Sellers have access to their own ‘Seller Hub’ where you can track sales, obtain invoicing information, schedule payments, and more information.
The benefits of Using eBay Managed Payments:
Automatic funds transfer: in Contrast to the old platform of using PayPal and having to move funds to Paypal and then into your bank account. You can directly deposit your eBay balances into your bank account when using the eBay Managed Payments platform.
Payment options have increased:
Credit cards
debit cards
gift cards
Paypal
Paypal Credit
Google Pay
Apple Pay
are all accepted new and the buyer can easily pay.
This can avoid a situation where the customer does not complete the transaction because of the fears of the buyer entering credit information in an unsafe manner
Better Seller Protection:
Paypal used to manage disputes as a third party, now sellers can manage those issues directly through eBay. This gives the seller more control in the complaints process.
Fee:
There are lowers fees, using the new eBay Managed Payments. You’ll just pay a minimal
the fee to eBay for each item sold and listed.
Refunds And Returns:
With low fees lost to a third party, you can refund up to 100% of the purchase price on returns. These can be done simply with eBay.
Easier Order Management:
Easily track your sales introduction of a single order number for each sale. This improves the seller’s ability to track stock levels.
Great Shipping Options:
New eBay’s Managed Payments global shipping program ensures sellers can easily ship internationally.
Disadvantages of Using eBay Managed Payments.
Delay in finances:
The funds can 2-4 days for transferred from eBay to the bank account, some sellers have reported about 7 days for the transfer.
Additional Fees:
The transaction fee of $ 0.25 for each listing, now every order applies in addition to a payment fee of 2.7% of all the order value.
The coast of the new eBay Managed Payments As A Seller
The new eBay Managed Payments Fees are lower than before.
A fixed fee of 30 cents for every listing applies in addition to the standard post-sale fee.
Avoiding Paypal’s fees means that sellers will pay fewer fees for every deal that’s how sellers saving money and profit more compared to the pre-managed payment days.
So, Is eBay Managed Payments is better for sellers?
The new eBay managed payments certainly have some details that are still missing, and there are as many good opinions as there are negative opinions about it.
As a seller this change is positive, eBay shared one seller’s perspective in detail
The seller saves more than $ 1200 of Paypal fees compared to the old payments.
It is easier to use the payments portal.
Easier Sales records numbers for tracking purchases.
The 30c saving 30 cents of each listing compared to the old system
funds transfer upload the sales, the buyer has more options to play safely.
https://www.triplemars.com/wp-content/uploads/2021/06/Untitled-design-17-min.png6281200itsik@triplemars.comhttps://www.triplemars.com/wp-content/uploads/2021/02/logo.pngitsik@triplemars.com2021-06-28 08:43:592021-12-08 10:15:22The Benefits Of The New eBay Managed Payments
eBay has been signed an agreement with Adyen. Adyen is a leading global primary payment. The main reason is to become the primary payment, processing partner.
The reason for moving Managed Payment.
The reason for moving to Managed Payment service is to improve the customer experience. Through brokerage primary payment on its Market Place platform, eBay will manage all the payments and change the payment experience process because it will be more simple for buyers and sellers.
eBay has signed an agreement with Ayden. A global payments processor, to become its primary payments, processing partner.
PayPal will be a payments option at checkout for eBay buyers.
eBay movement to manage payment happening quickly as possible. Complete this process within the parameters of the Operating Agreement with PayPal. It remains in place through mid-2020.
Moves to managed payment, all for the benefit and improve the buyer and seller experience.
With this method, eBay Expands the customer base. and
In the e-commerce world, customers prefer one payment area. and
As eBay intermediates payments, shoppers will be able to complete their purchases within eBay and
eBay is a global marketplace. It operates in over 200 markets. eBay must continue to provide localized payment options for sellers and buyers that are tailored to their unique needs.
Over the past years, eBay has transferred the business to drive the best choice, more relevance, and more powerful selling platform. because eBay’s payments capabilities are eBay’s next step in the company’s strategy, intending to drive significant benefits and efficiencies for its buyers and sellers globally.
So, what are the benefits?
Benefits for sellers:
Lower Costs-
Sellers can expect their payment processing costs to be less after they switch to eBay’s intermediated payment model, as well as more predictable access to their funds and,
Control-
A Central Place to Manage Payment. eBay is working on solutions to provide sellers with information about their eBay business. Inclusive of payments information, all in one place so that sellers can easily track and manage all of their transactions and customer interactions on eBay.
Improved Conversion
Offering buyers more choice in how they pay and expanding payment options into more geographies. eBay believes sellers will be able to reach more buyers and improve conversion.
Benefits for buyers:
Payment Options –
eBay provides larger choices in payment options at the checkout.
Integrated Checkout –
eBay will manage the entire checkout experience, delivering a more streamlined experience for consumers.
Strategic Partnership –
As we all know the change happened because eBay has signed an agreement with “Adyen” to manage all the payments processing and global it. Adyen powers payment processing for a number of the world’s leading global marketplaces. It brings to this partnership a broad global footprint with a flexible and scalable technology platform.
Long-Term Investments –
eBay begin to make significant investments, the reason is to build the capabilities because it is necessary for intermediate payments.
eBay’s finance team brings significant payments expertise from Alipay, Google, HSBC, Square, and Wells Fargo.
Timing –
eBay has begun this process in 2018 in North America and Gradually, then continued to the rest of the continent and the rest of the world.
In 2021, eBay expects to have transitioned a majority of all the Marketplace customers to the new manage payments.
Sellers on eBay in an intermediated landscape will, for the most part, be very similar as they do today. For example, sellers will not need to change their accounts with eBay. Venders will keep on signing into eBay and deal with their postings as they do today. Sellers may expect to see new dashboards and reports, including payments, once eBay begins to accept payments.
The manner in which dealers speak with eBay will be comparative. Venders don’t have to change their eBay accounts. You can keep on dealing with your postings on eBay as expected too.
eBay sellers can expect new tools and dashboards that include payments when eBay starts interim management payments.
General
PresentlyeBayisswitchingto Manage Payment. eBay will work closely with sellers.
To empower dealer installments in eBay accounts, vendors ought to hope to give an extra installments related information and change to eBay.
Sellers will be required to complete all of the steps that require to manage payment.
Sellers can reach out to eBay at paymentsinfo@ebay.com to learn more about eBay’s payment efforts and timelines. Ask questions and share your thoughts.
Customers expect eBay to add value and improve the buying experience while lowering costs and increasing efficiency.
eBay is committed to mentoring clients closely and closely in favor of an essentialmove.
Ecommerce, also known as internet commerce or electronic commerce, refers to the buying and selling of merchandise or services using the internet, the transfer of money and data to execute these transactions.
Ecommerce is often used to refer to the sale of physical products online. But it can also describe any kind of commercial transaction that is facilitated through the internet.
while e-business refers to all aspects of operating an online business. eCommerce refers specifically to the sale of goods and services.
E-commerce has evolved to make products more convenient for you, the reason is to discover and buy products through online retailers and marketplaces. Independents, small businesses, and big companies have all benefited from e-commerce. It allows them to sell their goods and services with a system that was not possible in traditional offline commerce.
Four main types of eCommerce models can describe any transaction that takes place between consumers and businesses.
Business to Consumer
When a business sells a commodity or service to an individual consumer.
Business to Business
When a business sells a commodity or service to another business.
Consumer to Consumer
When a consumer sells a good or service to another consumer.
Consumer to Business
When a consumer sells their services or products to a business or organization.
Examples of Ecommerce
Retail
It is the sale of a product by a business directly to a customer without any intermediary and
Wholesale
It is the sale of products in bulk, often to a retailer that then sells them directly to consumers and
Dropshipping
It is the sale of a product, which is manufactured and shipped to the consumer by a third party and
Crowdfunding
It is the collection of money from consumers in advance of a product being available to raise the startup capital necessary to bring it to market and
Subscription
It is the automatic recurring purchase of a product or service regularly until the subscriber chooses to cancel and
Physical products
It is any tangible good that requires inventory to be replenished and orders to be physically shipped to customers as sales are made and
Digital products
It is downloadable digital goods, templates, and courses, or media that must be purchased for consumption or licensed for use and
Services
It is a skill or set of skills that is provided in exchange for compensation. You can purchase the service provider’s time for a fee.
https://www.triplemars.com/wp-content/uploads/2021/06/Untitled-design-13-min.png6281200itsik@triplemars.comhttps://www.triplemars.com/wp-content/uploads/2021/02/logo.pngitsik@triplemars.com2021-06-21 13:38:132021-12-08 10:15:15What is ecommerce?
Signup to Triplemars and get the most comprehensive dropshipping course on the market for FREE!
Signup to Free
Thank you.
We've sent you confirmation email. Please click the link in the email to complete your signup.
* You should get the email in 1-2 minutes. Please make sure to check your spam in case you don't see it.
Dropshipping Course
You already have an account in Triplemars please login to buy the course from your account.
Get Started Now
Signup to Triplemars and get the most comprehensive dropshipping course on the market for FREE!
Thank you
We've sent you confirmation email. Please click the link in the email to complete your signup.
* You should get the email in 1-2 minutes. Please make sure to check your spam in case you don't see it.
Signup
You already have an account in Triplemars please login to buy the course from your account.