11/18/2019
Looking to sell with Amazon? Let DatametrIQ® help
In 2016, online retail sales worldwide were expected to double by 2020. In 2018, eCommerce Giant Amazon alone was already fixed to clear over a booming $250 billion in US sales year end, according to eMarketer’s figures. Over 50,000 small and medium-sized businesses in Amazon stores worldwide had already exceeded $500,000 in sales, of which almost 200,000 small to medium businesses topped over $100,000 in sales.
Setting up a retail store online is expensive and can be a mind boggling experience, and getting started is just the beginning. From website presentation and product supply, to managing purchase orders and invoices, shipping and handling, and returns to name a few, you can have many sleepless nights keeping up with transactions. Selling on Amazon gives you the exposure you need, and the total shopping experience your customers are looking for, and this is all done seamlessly with the implementation of DatametrIQ®.
DatametrIQ®is our new analytical interface tool, giving your brand coverage that could otherwise take years to build on your own.
Getting launched is straight forward, and is way more easy than creating your own website and warehousing infrastructure. With DatametrIQ®, payments, stock levels and shipping details will all pass between Amazon and your businesses database, effectuating complete control of the process for you. You start by creating your product listing, send your inventory to an FBA warehouse (explained below) and just like that, you are in business.
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If your business has recently started selling on Amazon and is looking to bring a smooth, automated process that can join your online presence with your wholesale business, contact the DatametrIQ® team, where we can walk you through our easy to use platform and explain how we make selling on Amazon so easy.
DatametriIQ® supports two platforms
‘Fulfill by Merchant’ and 'Fulfill by Amazon’ which we will now explain.
Fulfill by Merchant (“FBM”)
DatametrIQ®’s FBM platform enables your business to seamlessly integrate with Amazon. FBM increases your marketability by virtue of appearing on the world’s biggest E commerce site. So how does this work?
A customer browsing through Amazon, views and purchases your product on the Amazon site. This order is immediately downloaded to the merchant’s ERP system where the order is acknowledged within two hours, and at such time integrates with the merchant’s stock system.
The merchant then automatically sends a tracking number to Amazon, which Amazon will pass on to the customer. This tracking number is linked directly to the merchant who is fully responsible for delivering the product to the customer. The stock quantity gets updated on the Amazon system.
The customer will make the payment through Amazon, which automatically integrates with the merchant’s ERP system. DatametrIQ®’s FBM platform gives merchants more control, as they will continue to maintain hands on access to their inventory whenever they need it.
Fulfill by Amazon (“FBA”)
DatametrIQ®’s FBA platform allows your company to increase its sales while avoiding growing pains that exist when entering the eCommerce world, enabling your business to seamlessly integrate with Amazon. Here, the merchants ship their products to an Amazon warehouse, allowing them to take full control of the sale. The quantity of stock shipped to Amazon is noted on the system. When the stock level count is fully integrated with the total stock level of the company, complete transparency is in evidence.
Amazon processes the payments and passes this on to the merchant, taking a percentage of the sale for warehousing, shipping and handling. The merchant is automatically made aware of what was shipped leaving their stock level updated.
The process of shipping your products to Amazon is easily set up with Amazon giving you clear directions on which warehouse to send your products to. This begins with the creation of a purchase order through EDI, which reaches Amazon who will respond with delivery details.
In short, these platforms have the ability to remove the headaches from using Amazon to sell your products. From processing payments to managing stock levels, both of these solutions take a once complicated process, and make it accessible for any business size. This can enable businesses of all sizes to seamlessly sell with Amazon, and watch as their online presence grows.
If you are considering selling on Amazon, or if your business is already selling on Amazon and is looking to bring a smooth, automated process that can join your online presence with your wholesale business, contact the DatametrIQ® team, where we can walk you through our easy to use platform, and demonstrate how we make selling on Amazon so easy.