Our first Birmingham Seller Meetup was well attended. We had experienced eBay and Amazon sellers in house. Our speakers included:
World First
Vdepot
GS1UK
Storefeeder
27. Presented by Karl Ciz
COMMON E-COMMERCE MISTAKES AND
HOW TO AVOID THEM
28. ◼ Wrong products Source
STARTING OFF
◼ Wrong markets Test Trading
◼ Poor Web design Don’t DIY
◼ Processing Issues Internal Process & People
◼ Visibility SEO – “Content is King”
29. ◼ Broken Rules / Acct Suspension KNOW your platforms
◼ Wrong platform Test trade each channel
E-COMMERCE & PLATFORMS
◼ Wrong product Choose best seller first
◼ Differing product SKUs NEVER – Mapping is solution
30. ◼ Overselling Use stock control options
◼ No traffic Content? Pricing? Product?
◼ No policies Define clearly / promote
◼ Poor product pictures Bigger pictures
E-COMMERCE & PLATFORMS CONTINUED
◼ Poor customer service Encourage reviews
31. ◼ Returns Policies, sizing guides & description
◼ Customer Service Reduced by tracking
◼ Tracking Use tracking where possible
◼ Packing errors Use scanning to reduce
◼ High cost shipping Broker rates
ORDER PROCESSING
◼ Inefficient picking Use pick sheets
32. ◼ Scaling Using existing processes
◼ Product catalogue ???????
◼ Process reviews ?????
MOVING FORWARD - SOLUTIONS
◼ Key processes automated ??????
Ask yourself……
Do I have an e-commerce strategy?
33. Any questions?
StoreFeeder is represented in the room – feel free to talk to us!
Email: Hello@storefeeder.com
Call : 0115 784 2157
Website: www.storefeeder.com
THANK YOU
34. 6 Tips for eCommerce Fulfilment
The Arden Hotel Birmingham
27th April 2016
36. Experience
Your Fulfilment Experience?
1. Not quite started yet
2. I do it all myself (from home)
3. I do it all myself with (additional storage)
4. I own a warehouse and have a team
5. I outsource my fulfilment
What is your biggest fulfilment challenge?
56. Tip #5 Scalability
Orders
Time
Self Fulfilment House Own Warehouse
Garage/Spare room
Self Fulfilment
Sales growth
Investment in core
business rather than
fulfilment
Big enough
Money to have own
investment
60. 2
The problem with trading overseas…
• Selling into countries with different currencies.
• Currencies change in value every second, affecting your profit.
• Service requirement to collect multi-currency revenue and exchange into GBP.
• Marketplaces and service providers can charge up to 4% for this service.
• GBP:EUR Wholesale Rate: 1.2910
• Marketplace exchange rate: 1.3426
• Cost to the Merchant: £800
Example on a transfer of £20,000
61. 3
In the last 6 months…
ECB dropped interest rate to 0%
• GBPEUR has dropped from a high of 1.43 to its lowest levels in 2 years
The US Federal Reserve raised the base rate for the first time since 2006 in
December 2015
• GBPUSD fell from the 1.60-1.50 range it traded in from October 2014, now
trading around 1.40
• Around 7% increase in the value of USD against GBP.
Why does this matter to online sellers?
• Can translate into more profit, sales or both
• What price would your business suffer at? What protection do you have from
that happening?
• Using a World First solution will save you 1-2.5% of your total overseas
marketplace turnover.
63. World First eCommerce Solution
4
• World First provides local bank
account details unique to you
• Provide this to each marketplace you
are on
• The local currency is then sent to this
account
• World First then converts your
revenues at the best possible exchange
rate at a time agreed with you
• World First then deposit this money
into your home account
64. The World First Advantage
5
• Better rates than the marketplace offers – you receive more £ for your €, $ or ¥
- and avoid unnecessary currency conversions
• Two options:
• Automated solution – runs in the background, saves you money without
you having to do anything once set up, sweeps straight to your business
bank account
• More control – set up firm/limit orders to achieve specific rates, fix rates
for future payments, weeks months or even years ahead (‘forward
contracts’), pay VAT/suppliers
65. The World First Advantage
• Best-in-class platform, World First Online
7
• Partnerships with the biggest marketplaces, helping you to expand your international
sales
• Dedicated eCommerce consultants, who can help you negotiate fulfilment,
localisation, listings and – importantly – international payments!
• Our clients rate our service at 98% on Feefo and they’ve helped us to win a
5-star accreditation on the website.
• Opening an account is easy – can be done online in 5 minutes at www.
worldfirst.com or call 020 7801 1068.
66. Thank you for your time.
Any questions?
4
Craig Agutter & Mark Bond, eCommerce
World First
0207 801 1068
etailers@worldfirst.com
67. Did you find this event useful ?
Please write your testimonials.
68. Register Masterclasses on our website www.onlineselleruk.com
Available
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