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It seems like yesterday you were selling a few items for a few bucks on eBay. Today you’re a thriving eBay entrepreneur with multiple orders coming in every week. Nice work!
Your setup was simple at first: Acquire an item. Research/Prep Item. Measure, Photograph & Store Item. Edit Photos. List Item. Pack & Ship Sold Item.
Now you have a team that ships items in larger quantities and your inventory tasks have evolved to include:
Improper handling of inventory can have direct and hidden costs that could affect profitability and cash flow. An effective approach to eBay inventory management will:
Photo by: Matthew Henry
Inventory flow is the lifeblood of any business. YOUR business. Quickly converting inventory assets into cash flow is the name of the game. And if they’re not sold, excess inventory will accumulate, turn into a liability, and prevent you from earning more capital.
While any business owner can feel awed by this prospect, it can also feel daunting.
Don’t worry! We encourage you to harness that energy towards tracking and moving inventory in order to compete in eBay’s vast ecosystem and make a profit.
We made it simpler with our FREE inventory spreadsheet. This Excel inventory spreadsheet can help keep track of your stock, sales, orders and more.
We made it simpler with our free inventory spreadsheet. This Excel inventory spreadsheet can help keep track of your stock, sales, orders and more.
Related blog: Design a killer eBay growth strategy
But we know selling on multiple sales platforms have been top-of-mind for you.
75% of consumers today shop on more than one channel. They also spend more. An HBR study found that multichannel shoppers spend an average of 4% more on every shopping occasion in the store and 10% more online than single-channel customers.
On top of this, multichannel businesses see a customer retention rate of 89% compared to just 33% for single channel businesses.
Each of these sites–eBay, Amazon, Joor, Lazada and others–has its own unique audience that your products can appeal to in various ways.
This complicates inventory tracking and takes up a lot of time if done manually.
Sellers have their own listing process, and having to manually list the same product (or an iteration of it) multiple times can result in costly mistakes.
To truly transform your business and join the ranks of the world’s fastest growing businesses, it’s crucial to have full visibility to trust your inventory quantities, locations and intended channels.
Our inventory management system gives eBay sellers everything you need to seamlessly manage inventory, orders and more to streamline operations and focus on growth.
All your products, customers, orders and transactions synced and secure in the cloud.