When will I be able to scale my selling business at the global level? Will it be worth it for me? These are the common questions that many small eCommerce sellers have in their mind when they think of selling beyond their nation. So today, let us see what are the benefits of global selling and how MapMyChannel can help them grab the global opportunities without any financial burden. Let's start with understanding what these opportunities are and how it can benefit them.
Though many sellers limit themselves to the local market within a country, they generally have less clue how going global can actually help them scale their business at an international level and help build a brand. Let us see some of these benefits that small eCommerce sellers can leverage by selling globally.
Every small eCommerce seller thinks of growing his business beyond his territory. Tapping into the new market is a great approach for the budding sellers as it provides multiple selling opportunities for the sellers.
The end goal of any eCommerce seller is to reach more customers so that they can do more sales and generate more revenue. Small eCommerce sellers have the tendency to limit themselves to a particular location like their region, state or country. This generally happens because they have a limited budget and cannot afford global selling. However, selling in multiple geolocation has several advantages, like they can reach more customers across the world. This is good for the business in the long run as they can have a wide customer base worldwide.
If a brand is associated with a product, it becomes easier to sell in the market. Of course, the quality of the product matters a lot but if it is sold internationally it helps build more trust among the consumers. Hence, in order to drive more sales, it is crucial to enhance brand reputation, which is possible by selling globally. So, budding eCommerce sellers can utilize global selling at the early stage so they can scale up new market globally and make their brand more reputed.
It is always a profitable idea to diversify the markets in terms of business strategy. The growing sellers can invest in different markets across the world. This helps the sellers to stay profitable as if one market does not do well then, the other market can bring more revenue and compensate for the losses of the market that does not perform well. This is necessary from the perspective of the micro-sellers as they have higher chances of losses. Hence, diversifying the markets does not only reduce the financial risks but it also brings more financial stability.
As the budding sellers tap into new markets through selling globally, they reach out to more audience and hence, they generate more revenue. Just making more sales worldwide is not the reason for this increased revenue, but global selling also provides the opportunity to earn in multiple currencies. Therefore, global selling can bring both more sales and more revenue.
As a budding eCommerce seller, it is important to know what features should be there in the e-commerce multi-channel tool that would help them effortlessly scale globally. Here are the salient features of MapMyChannel that make the global journey of the micro eCommerce sellers smooth.
Here are the breakthrough characteristics of MapMyChannel that help small eCommerce sellers extend operations globally:
Today consumers have a lot of options where they can buy products from. These eCommerce platforms and sales channels offer various benefits in terms of service and price. Hence, it becomes important for even micro-sellers to sell products on multiple channels because the potential buyers may come on any platform. Often, sellers think that selling on multiple channels requires more management, which would not be possible for them. But with MapMyChannel, they can easily make the sell on multiple channels with ease and no hassle.
If any seller has decided to go global, this feature of MapMyChannel can make their global journey seamless and easy. Generally, the sellers find it difficult to manage inventory and orders at different locations. So if they want to sell in the US and UK or any other country from India or other nation, and manage all orders and inventory, they can do it effortlessly by sitting at their home in just a few clicks. This is highly beneficial for the small eCommerce sellers as they can make the best use of their time in making business decisions and not just stay managing hustle.
If any eCommerce seller has decided to enter the global market, he has to first think of a fulfillment partner that can take the orders and make them reach to the respective buyer. For this, they either can either connect Amazon MCF or local 3PLs. As a small eCommerce seller, Amazon MCF might be little pricy. Hence, they may also opt for local 3PLs that would be more cost efficient. For example, DHL is the most famous 3PL in UK but in the US, ShipStation is quite famous. Obviously, if the sellers want to tap new markets, they must choose 3PL based on their services and budget. With MapMyChannel, they can easily connect 3PL of different countries to different sales channel.
Another standard feature of MapMyChannel is that not only the sellers can connect multiple sales channels, multiple marketplaces, and multiple 3PL but they can also manage all of it on a single dashboard. Hence, the sellers can manage the inventory, track orders, or manage 3PLs in Germany, while sitting in the US. This powerful and dynamic dashboard can save huge time and costs while selling globally.
Manual order management consumes time and resources, which can hamper the growth of budding eCommerce sellers. Hence, they can leverage the automation to manage orders in minimum time efficiently.
Order synchronization is the beginning of the order fulfillment and if there is delay in this phase, it may hamper the entire order fulfillment process. Hence, small eCommerce sellers can leverage real-time order sync to make efficient order management and grow faster.
Sellers can sync the price of different products from the different platforms that keep the buyers informed, which also increases the trust of the consumers.
Another major feature that brings value to the micro eCommerce sellers is that they can track the orders in real-time. This helps build trust with the customer as they can provide the real-time status of the order.
Listing products on the eCommerce platforms is a big headache for the sellers. So, using the automated features of MapMyChannel, sellers can list products easily and effortlessly. In fact, they can even import product listing from one platform to the other, which saves time and efforts.
Order failure are one of the major reasons for losses and budding eCommerce sellers would definitely not want this. To combat this situation, MapMyChannel offers split shipping features that help them prevent from order failure.
At the starting of the selling journey, new eCommerce sellers make many mistakes, but if they can be provided some statistics, it can help them make better decisions. MapMyChannel offers the best selling product report that the sellers can utilize to manage inventory and make other business decisions accordingly.
This is also a feature that protects the small eCommerce sellers from financial losses. The sellers can set a time limit based on their preference and the order will be held for that particular time limit. This helps the sellers filter the fake orders and fulfill only the genuine orders, which saves valuable resources of the sellers.
Any micro-seller looking for cost effective solutions that help him go global, MapMyChannel is here to assist them the best way possible. Let us have a glance at how we could benefit them.
MapMyChannel offers free plan especially to cater the small eCommerce sellers. They can connect 1 sales channel and 1 ERP along with 35 orders/month and 5000 SKUs. As the sellers scale up, they can upgrade the plan based on their business expansion plans.
Generally, if the small eCommerce sellers want to expand then they need to integrate to multiple integrations to connect sales channels with 3PLs and ERPs. With MapMyChannel sellers can manage multiple integrations in just dashboard that helps in easy management of the orders and then it is the need to make
Many small eCommerce sellers who started their selling journey think that automation can increase the operational cost. What they don't understand is that just a little more investment in automation can enhance productivity and reduce overall operational cost as the errors are reduced and orders are fulfilled faster. Sellers can utilize the power of automation with MapMyChannel at an affordable price that helps them save cost and increase productivity.
When new ecommerce sellers begin their journey, they require assistance that can help them at every point. Since all the process is new for them, MapMyChannel ensures they do not get hassled in any technical issue that hampers their growth.
With all the above outstanding features, MapMyChannel delivers the best solutions for the sellers that provide excellent customer satisfaction.
Every small eCommerce seller want to global expansion but they are often limited because of financial reasons. However, with MapMyChannel, they can leverage all the benefits of global selling like getting wider audience, more revenue and an international brand. They can do so by managing multiple integrations in just one dashboard and other beneficial features. The best part is that it comes all at a cost-effective price so they do not even have to have to worry about financial issues.
So what are you waiting for? Subscribe to the MapMyChannel plan and take off your global selling journey today!