Online businesses are different from traditional stores & their accounting must be geared to handle these differences. Find out how to do accounting for your eCommerce business.
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In order to achieve the goal of becoming the most “customer-centric” company in the world, Amazon has decided to reserve exclusive tools for brand owners. In fact, it believes that brand owners have a better understanding of their customers, their products and hence can provide a better customer experience, ultimately in line with Amazon’s credo.
About 90% of Amazon’s sales are made through the Buy Box, that is the rectangle at the top right of a product page through which customers can start the purchase process with a simple click on the “Add to Cart” button. Therefore, it is evident how crucial this option is to increase sales and turnover and to improve the general performance of your Seller account.
In the US 53% of all new businesses are destined to fail. Start-up failures for e-commerce retailers are even higher at 80%. And yet, the odds do not seem to discourage hundreds of thousands of entrepreneurs that will launch their products on Amazon this year. Why is that? Why do we believe in our own success?
Ever heard of Amazon Attribution? It’s a free advertising tool brought to you by Amazon. Any brand registered Amazon seller is free to use it to measure how well their external advertising is performing. And the good news is, It is now available in Germany, France, Italy, Spain and UK.