Ecommerce – Page 6

12 Dec01:58am

Amazon robots lead to better fulfillment

Amazon revealed today that it had deployed 15,000 robots in ten of its fulfillment centers throughout the US. This will allow Amazon to increase the performance of its already super fast fulfillment centers.

After purchasing Kiva Systems Inc, a logistical provider of robot technology, Amazon anticipated it would have approximately 10,000 in centers by 2015. The retail giant estimates that the introduction of robots will not only increase the speed of fulfilling orders, but also eventually reduce operating costs by as much as $450 million.

Amazon is really raising the standard for retailers with super-fast shipping, and super-fast fulfillment. So what can smaller retailers to do attract buyers to their store when confronted with this competition?

Small businesses need to automate as many of their processes as possible to improve the service they offer to shoppers, and also to free up some of the time their associates would otherwise spend on routine tasks.

Retail predictions for 2015 are betting on a customer-centric year, where customer service, customer interaction with products and services and custom items for customers are a high priority. Small and medium sized businesses focusing on personalized products can make a big impression on shoppers with superlative service and the clever use of technology.

Contact xocbox to learn about automating your business processes.

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04 Dec01:29am

Cyber Monday was a winner!

Figures just released by comScore show that retail sales on Cyber Monday were over $2 billion, and these figures do not include sales made through a tablet or mobile device. Wow!

The report went on to say that consumers spent 26% more in 2014 than they did in 2013 over the holiday weekend, and online sales are continuing to outstrip those of bricks and mortar stores.

Any retailer who has still not been able to get their products online, or has a website that doesn’t have mobile and tablet capability for shoppers is losing out on valuable revenue.

Contact xocbox if you are struggling to keep up with listing your products, and running your business – our tools can help you manage your store, and we have a great new product coming in the new year!

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10 Nov20:16pm

Free Shipping

I have just returned from the WooConference 2014 in San Francisco, and came away with lots of ideas and information.

With a host of great speakers, we didn’t know what to expect, and the interesting thing is they all offered great new ideas, and reiterated some of the concepts we know we should all be offering.

One of the things all store owners must be thinking about at this time of year is Free Shipping, and is it really worth it? Well the answer is, a big YES!

Speaker after speaker mentioned the value of having free shipping available in your online store.

One speaker stated that 73% will shop with Free shipping offered, and that 90% will buy more from your store if free shipping is offered.

Another speaker said that research showed 44% of shoppers will drop out without free shipping, and go elsewhere.

So how can you make free shipping work for your store?

If you can’t sell all your products with free shipping, try offering free shipping on the total value of an order over a given amount, such as $100. This not only attracts shoppers, but entices them to spend over the $100 amount in order to benefit from the shipping offer.

Another way is to offer free shipping on products that you are planning to mark down in the next few days / weeks. You may sell them at full price, simply because you are offering free shipping.

Try offering free shipping on combined purchases in a certain category or categories.

Set up an email campaign offering free shipping to those who buy a product / products before a certain date. This way you will benefit from receiving revenue quicker.

Show a FREE SHIPPING label on your home page, so shoppers know it is available as soon as they land on your store. If possible, have free shipping in your header, so it appears on every page.

There is no question that competition is stiff in the online marketplace, but free shipping is here to stay and it is what shoppers have come to expect, not just from the big box stores, but from any online store or marketplace.

So don’t despair – in the long run, the more you sell, the better rates you can negotiate with your shipping service, so figuring out how to get started is crucial to your ongoing success.

Why not start by talking to your local shipping store? By passing more work their way, you may be able to solve your own shipping problems as well.

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28 Oct21:20pm

Improving Supply Chains

In a recent study carried out by Boston Retail Partners that surveyed 500 North American retailers, one of the main areas of concern was supply chain.

Of those respondents, 93% were working towards solutions that would allow them to integrate operations and sales from physical stores, and online sales from desktop and mobile devices.

Ensuring that the flow of products to customers is seamless from the purchase order issued to a supplier, right through to delivery – whether via drop ship or through the retailer’s own store has been made more efficient through the use of electronic data interchange, or EDI.

In fact, many of the major big box stores will not work with smaller suppliers if they do not carry out their operations in this way.

Rigid guidelines and standards must be followed to enable EDI to work smoothly, and universal forms and messaging formats, for example, Invoice 810, Advance Shipping Notice 856, are recognized formats.

There is no question that EDI is efficient as a business to business tool.

However, if you are a retailer trying to respond to customer demand as indicated by social media, Google data or other web signals, you may need additional monitoring tools to meet your company’s demand.

If your company is facing challenges with any aspect of its supply chain, drop ship or delivery, contact xocbox – we would be pleased to discuss your business needs.

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21 Oct18:51pm

Apple Makes Headline News Again

This week Apple announced that it had sold an astonishing 39 million iPhones in the quarter ending September 2014, up from 33.8 million sold in the same quarter last year.

There is no doubt that we love our smartphones, and yesterday the iPhone just got smarter with the introduction of Apple Pay, described on their website as “Your Wallet. Without the Wallet”.

Many major banks have already signed up to parter with Apple, and more are scheduled to follow.

The convenience that Apple Pay presents for shoppers, and the huge number of iPhones sold, suggests that consumers will readily adopt this new way of paying.

Apple Pay can be used with retailers and chains such as Open Table, Panera Bread, Target and Staples, with more scheduled to follow.

What About Your Store?

So can your store use Apple Pay yet?

Most retail stores that accept contactless payments that are based on wireless-chip technology, or NFC, should be able to use Apple Pay. If your store has the hardware in place, but has not activated the functionality yet, now may be a good time to do so.

Shoppers can also use Apple Pay within store apps, without having to enter card numbers, or any other personal information, using fingerprint ID to authorize a transaction.

Research indicates that the majority of stores in the US are not equipped at this time to do contactless transactions, and smaller retailers may be wondering how they are going to keep up with yet another new piece of technology.

However, due to a requirement coming into force in 2015, merchants will need to upgrade equipment to include an enhanced security system or EMV, so now may be a good time to also enhance the system with NFC capability.

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01 Oct03:22am

What is Drop Shipping?

When you open an online store, the main thing you need is inventory.

Without any products to sell, you don’t have a store. This seems pretty obvious.

However, many people are surprised when they start listing products online, as it often takes many more product lines and categories than first anticipated to fill an online store.

So if you don’t have the funds to buy hundreds of different product lines, or simply don’t have the storage space, then drop shipping may provide the answer.

How Does Drop Shipping work?

Basically, you do not purchase products to store in your own warehouse until sold. Instead, you make arrangements with a wholesale supplier to list their products on your website, and when a product is sold, the supplier ships the product. Sounds simple.

The arrangement is straightforward enough, however, there are a few things you should be aware of.

Firstly, you lose control of the inventory, and this may ultimately cause customer service problems. For example, if there is a delay in shipping, or a product is damaged on arrival.
Also, since drop shippers usually sell to many retailers, keeping track of their inventory, as well as your own is difficult.
Profit margins on sales are also lower than if you were to purchase products and sell them directly to your customers.

The benefits of drop shipping are:

You can add more products to your website, and give your customers greater selection.
You don’t have to deal with the packing and shipping of products yourself.
You can begin your retail store without the expense of buying inventory to stock your store, so this can be a good way to get started.
You can “try out” a new product or new category, just to see if it’s a good fit for your store, without actually buying the product.

In conclusion, drop shipping has many advantages, and some disadvantages. Retailers often find a combination of products housed in their warehouse, and those shipped directly from drop ship suppliers is a good way to go.

Once you have elected to work with a drop shipper, always monitor their performance in regard to product fulfillment and customer service. If you find that a particular supplier does not perform well for you, it is better to stop selling that product, rather than risk your online reputation.

For information about selling through drop ship vendors, and how xocbox systems can help you keep track of shipments and inventory, please contact xocbox.

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