eCommerce is growing to its full potential. In order to grow your online business, it is crucial to understand all the different technologies and services available. On this front, marketplace integration is a means to improve your business. You are far from utilising the full potential of eCommerce if you aren’t using it.
What is “eCommerce” marketplace integration”?
It is the process of developing a connection between eCommerce software with any marketplace. By combining various eCommerce operations, connecting to inventories, and moving data from various channels into a single operational platform in real-time, the integration of eCommerce marketplaces facilitates multi-channel sales.
With numerous online marketplaces, it enables you to organise your product lists. Integrating an eCommerce platform has many advantages. With the help of this tool, you can manage your regular tasks like adding new product information, downloading pending orders, printing invoices, creating labels, producing dispatch manifests, tracking orders and shipments, checking and updating inventory stock, and more.
Benefits of integrating an eCommerce marketplace:
- Reduces manual selling
The majority of manual tasks are eliminated by eCommerce marketplace integration because the entire workflow, including product upload, figure changes, order administration, and so on is automated.
- Faster data transfer
The data flow is quick and secure because all seller platforms’ APIs are connected in real-time. Every data transfer request is verified. It reduces errors by removing obstacles in the data flow from marketplaces to online shops and inventory.
- No Switch Between Platforms
The ability to manage operations without transferring data between platforms is one of the key benefits of marketplace integration. As an alternative, you can control every activity from a single dashboard. Integration with eCommerce marketplaces also enables you, as a seller, to sell more swiftly and with less effort. In this way, you can spend time on other important things.
- Use Multiple Channels
Integration improves listing performance, which increases the product visibility. You have the option to communicate your gateway to several markets as a seller as your firm is now open – ended. The biggest advantage here is that a seller can connect to various marketplaces hassle-free.
- Beat Competition
It enables eCommerce sellers to compete more efficiently. Each time, you can get the buy box by repricing your products as necessary. Additionally, you may control discounts and ensure uniformity across various marketplaces.
- Improved Inventory Visibility
You may centralise data across all channels by using multichannel inventory control software. The ability to track inventories across all of its stocking sites is its biggest advantage. If a default location is not feasible or if the default location has an out-of-stock product, you have the option to deliver the item from the next closest shipping location.
- Strengthen Demand Forecasting
Integration of online marketplaces helps prevent overstocking. Because of improper forecasting and data collection, it occurs as a result of poor planning and anticipation of demand variation. With the help of multichannel inventory control software, you can generate precise sales projections and prevent situations where there is an overabundance or undersupply, which reduces profit margins.
Features of eCommerce Marketplace Integration
- Centralized Dashboard
Using an easily accessible, integrated dashboard, you can assess the effectiveness of your sales effort across numerous marketplaces. The top-selling products on the market, account-specific order summaries, recent orders, lifetime sales, monthly sales records, and more are all things you can keep track of with it. A single dashboard may allow data to move across marketplaces and inventories, simplifying your ability to complete all necessary tasks.
- Real-Time Updates
Real-time communication across many platforms is one of the core aspects of eCommerce marketplace integration. It ensures that all data, including stocks, orders, and product details, are updated regularly. It eliminates the possibility of overselling or underselling by enabling you to sell products through a variety of channels while maintaining ideal stock levels.
- Automated Crons
eCommerce marketplace integration has a function called automated crons that gets rid of manual errors. Crons are directives that command the server to execute a predetermined task at a particular time. It frees you from having to perform the same tasks repeatedly, allowing you to concentrate on more in-depth study. Additionally, it speeds up data transmission across multiple systems.
- Manage and Upload Products in Bulk
Using eCommerce marketplace integration, you can quickly and easily upload a large number of items from your online store to the marketplace. You may effectively manage your product catalogue with this tool, giving you more time to concentrate on other important activities.
- Centralized Order Management
Because of the marketplace integration, sellers can easily perform all sorts of order-related operations like accept, reject, ship, or cancel orders from a single, centralized location. Sellers don’t need to sign in to numerous platforms to manage their orders because of a centralized order management system. eCommerce vendors run the risk of losing current and potential customers if they are unable to fulfil online orders on schedule.
- Multiple Seller Account Support
The ability to handle many accounts from the same marketplace simultaneously, independent of regional restrictions, is provided via the marketplace integration. With the aid of several reports, such integration enables you to sell the same products from a single place.
- Automated Shipment & Tracking
The integration of an eCommerce marketplace increases the accessibility of automatic product dispatch. Utilizing centrally managed inventory software to connect with leading carriers guarantees timely completion of each order and delivery of goods to customers. You can also track freight in real-time by connecting to a marketplace. All extra information, including the billing and shipping addresses, the shipping company, the tracking number, and the live location, is provided to the seller for monitoring on their website once the products are released for delivery.
- Automated Live Notifications
Due to the integration of the eCommerce marketplace, you will get automated live notifications on your website. You can get real-time alerts on new orders that have been placed or rejected, as well as low inventory levels, on your portal. By personalising the marketplace, more live notifications can be added.
eCommerce is on boom and buyers no longer have time and patience to stay on a single platform for the transaction. An automated solution, such as an eCommerce Integration, allows sellers the flexibility to sell across multiple channels through a single platform. It also enables them to consistently target more customers across various geographical regions and get real-time updates in order distribution.
Most importantly, it reduces the manual effort of switching between various channels, thereby allowing you to upload products in bulk. It gives you more time at hand to devote to other critical processes. Integration with the main markets is the perfect choice for small, medium, and big enterprises.
Contributed By Mr. Punit Sindhwani, CEO, Paxcom