E-marketplaces from Seller's Perspective

Written by Nowshade Kabir


Continued from page 1

Sales and support costs By automating sales and customer support processes companies can reduce over head costs over 25-30% easily.

Inventory keeping costs Clearer visibility and forecasting ability allow companies considerably reduce inventory keeping costs.

Most executives agree that primary reason why they feel thatrepparttar companies should participate in E-marketplace is its ability to streamline supply chain mechanism. Many inherent inefficiencies of supply chain process can be eliminated thanks to integrated to e-marketplaces supply chain solutions.

What sellers have to do in order to participate in E-marketplaces and reap numerous benefits that it can provide? As most ofrepparttar 108900 administrative and operational tasks are done automatically byrepparttar 108901 e-marketplaces, participation in them is not a difficult process.

These arerepparttar 108902 basic steps that a seller must take to participate in an E-marketplace:

Register Registration might be an easy job of filling up a form. It is much better to take some initial preparations before doing this.

Choose a good login name: your login can be used byrepparttar 108903 E-marketplace to give you subdomain name, i.e. login.e-marketplace_name.com.

Profile: A well-written profile increases company image.

Logo: your logo helps you brand your company.

Add your products or services to E-catalog

Most E-marketplaces furnish with easy to use forms or wizards for sellers to add their products to E-catalog. Asrepparttar 108904 product and service classification used inrepparttar 108905 E-catalogs often is an industry standard, it is important to spend some times to findrepparttar 108906 perfect subcategories for your products or services. If you have any doubt contactrepparttar 108907 customer support ofrepparttar 108908 E-marketplace. Fill up as many given fields are there for a product as you can. The more information buyer gets right awayrepparttar 108909 faster his buying decision would be.

Create offers

Most sophisticated E-marketplaces have various sales platforms apart fromrepparttar 108910 E-catalog inclusion. Make general sales offers, time sensitive offers (hot offers – with offer expiry dates) and auction offers of your products and services. Determinerepparttar 108911 terms and methods of price, payment and shipment. Decide how you will handle portions ofrepparttar 108912 supply chain that you have to do offline.

Although, most ofrepparttar 108913 supply chain process can be done online, not all e-marketplace offer a complete end to end solution. You also have to figure out what part of your back office can be integrated torepparttar 108914 E-marketplace.

Nowshade Kabir, Ph.D., is the founder, primary developer and present CEO, of Rusbiz.com, a global business to business e-commerce portal with feature like storefronts, aggregated catalog, e-marketplace, trade leads, internal messaging system supply chain solutions, etc. With a doctorate in Information Technology, Dr. Kabir has worked an advisor to government projects and has over 12 years experience in International Trade.


Build A Business, Not Just A Practice

Written by Peggy Champlin


Continued from page 1

An ezine is one ofrepparttar most effective ways to build relationships with people interested in what you offer. The people on your list have given you permission to get in front of them periodically to share a bit of your knowledge in your articles and to promote your services and products to them. They asked forrepparttar 108899 information! What better audience to present your portfolio to?

Step 4: Build Your List

So far, so good. But step four isrepparttar 108900 truly powerful one. Here's where we build your list. As those who know me have heard me say many times,repparttar 108901 one withrepparttar 108902 biggest list wins. If you have many people on your list, you will make more sales withrepparttar 108903 same conversion ratio. Put in English, if you send out a mailing about a new product and 2% ofrepparttar 108904 people who receive it buyrepparttar 108905 product, you will sell more product and make more moneyrepparttar 108906 larger your list is.

There are dozens of ways to build your list - many of them absolutely free. Some include getting listed on ezine directories and announcement lists, putting a link to sign up for your ezine inrepparttar 108907 signature block of your email software, and putting a signup form on every page of your website.

These are some ofrepparttar 108908 simplest steps and there are many more. One that's very effective that I recommend to all my clients is to submit articles you've written to article banks onrepparttar 108909 web and other ezine publishers. Get your articles onto as many websites and into as many ezines as possible - all with your website link in them, of course! - and you'll see more website traffic and more ezine signups.

Step 5: Profit From Your List

The last step is where it starts getting good - really good! You learn how to profit from your list. Having put all this effort into your business, it's time to start making that extra money!

Before you have a large list - and after - joint ventures can be very useful. They allow you to get in front of someone else's list to promote your products and services. When you don't have a list of your own, this can be a powerful way to start making money.

Even when you do have a list, sharing your list with your partner while you get access to his list is a terrific way to get more exposure. And you'll usually get affiliate fees from anything people on your list buy from your joint venture partner!

Just be sure to pick joint venture partners who haverepparttar 108910 same target market as you, but don't compete with you.

There are two other ways to make money from your list. First, of couse, market your portfolio to your list, in your ezine and occasionally in a solo mailing.

Second, you may choose to sell advertising space in your ezine. This is most effective when you have a fairly good list.

This is an overview of a process you can use to start building an online business. The irony is that through implementing this process, not only will you develop additional product-based streams of income. You will also attract more clients for your existing services!

By Peggy Champlin of Success With Ease. Please visit Peggy's web site at http://www.successwithease.com for more information about building passive income.


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