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Daraz

Explore new opportunities with Daraz seller center Sri Lanka

Explore new opportunities with Daraz seller center Sri Lanka Daraz Sri Lanka is unarguably one…

Daraz

Sell on Daraz and Earn 50K Per Month Income! Here’s how

Sell on Daraz and Earn 50K Per Month Income! Here’s how Are you looking for opportunities to sell on Daraz and earn money from Daraz? Well, look no more because we have listed down practical tips on how to earn money from Daraz! Unarguably, Daraz is highly known among South Asian countries as a leading virtual marketplace. The website and application include 20 million products added in 100+ categories, which users can grab anytime. Daraz aims to enable and empower thousands of sellers alongside helping customers connect with thousands of retailers in the present tech world. Users who have bought products from the forum know about the sell on Daraz option. In addition, such users are very well aware that the platform offers a chance to earn money on Daraz. The giant virtual marketplace offers you to opt for a Daraz seller account and other options that help you earn money from Daraz. Asaan retail lists down practical tips to sell on Daraz, alongside helping you earn money from the Daraz website and application. The blog also lists Daraz seller center and Daraz seller account queries. Let’s look below: Why do you want to sell on Daraz? With every passing day, the world is becoming a digital resilience. And, seeing that, there is no doubt that online business has a bright future in Pakistan. With Daraz, you can quickly expand your online business from the comfort of your own home. How does Daraz help you in setting up your online business? Here is how Daraz helps you set up your online business on its platform. This is quite simple and easy, listed as follows: Business Support: An extensive range of small and medium-sized businesses across the nation can set up their business on the platform. You can opt for support from Asaan retail, which offers free business consultation alongside optimizing your analytics accordingly. Assisting financially: While you sell on Daraz, the forum offers initiatives that suggest financial assistance and bids zero percent commission. The opportunity is perfect for registered and new sellers, up for you to avail till June. Training on the forum: With Asaan retail, you can kick start your business while opting for consultation for free. You can learn new tricks and avail them for boosting your products on the forum through the website. How can you acquire a Daraz seller account? If you are worried about acquiring a Daraz seller account, then don’t worry. We’ve got your back! Assan retail offers you to help with it. All you are required is to follow the lead, listed as follows: You can message ‘Daraz' space 'name,' send it 7575, and register your Daraz seller account. Alternatively, visit the Daraz page, and register yourself on the link ‘sign up.’ Now that you have Daraz selling account, follow these steps: 1. List down your products to sell on Daraz: Head over to the site, and register your products. Include all the personal and business details on the website. Provide all the related information related to things on the website. 2. Accept and deliver products all over the country: Once you have listed down the products and related information, you can now sell on Daraz. Next, find the Daraz seller center through a website or app, and receive order requests. Once you receive a request, package the product and leave delivery worries on the forum. 3. Collect payments: Collect payments directly on your account. Lastly, follow the Asaan retail tips to boost your sale and earn huge bucks. Once you follow the directions, you can expand your business on the website or application.Therefore, sign-up as a Daraz seller account and expand your online business today to grow efficiently. How to make money from Daraz? The visual marketplace offers a chance to make money from Daraz. The best part is that you can earn huge bucks around 50K and more! Look at the practical tips on how to make money from Daraz, lined up below: 1. Sell on Daraz to earn money: The website and application don't require registration fees from its users. You can create an account and register it as Daraz selling account. Next, list down your products up to sell. Lastly, the website requires profit share when getting Daraz online earnings. With Asaan retail, you can boost your sales on-site and app to earn huge money. 2. Use ‘Daraz dost’ for Daraz online earning: You have to log in to the website or application to make use of this portal at Daraz to earn money. This portal offers its hardworking clients to earn around 50K. Your job requires you to make people understand this online marketplace and its wide range of uses. When you bring on a new client, a cash reward is awarded. The bonus amount is added to your account. 3. Earn Money from Daraz Affiliate Marketing: You can also opt for the Daraz affiliate marketing portal to earn a considerable income. Plenty of users have connected themselves with this great online store and now earn massive amounts at the end of every month.You can view our article on Daraz affiliate marketing for more technical information. Learn how it works and, used to earn money from the Daraz site and application. How to calculate Daraz's commission margin? Daraz's commission profit margin varies from one product to another. It lies from 3-20 percent for a different category. Value-added tax is included, which is different for every province. Further, Daraz's payment fee is 1.25 of its retail price, and packaging material charges vary from 8-20 rupees. For example, if a Daraz seller account sells a book initially priced at 1000 rupees, it will be up on the website for 1500 rupees. Next, Daraz commission, VAT, packaging charges are added. Consequently, the profit margin must be around 20-40 percent so that you have space for other campaigns, sales, and selling. How to boost Daraz's sales with Asaan retail? Below are effective tricks listed, helping you to boost your sale on Daraz bigger than ever: Offer discounts: Discounts, promos, and offers are a market penetrating strategy. It is a tried and tested way for every kind of business. For instance, if you are new to selling on Daraz, lower your product price and witness the boost. Another way that helps you attract clients is to offer free delivery on a specific package amount. This allows your client to opt for products over your competition in the visual marketplace. Participate in sales up on Daraz: When you have a Daraz seller account, it's time to get a feature on Daraz sales. Unarguably, yet another profitable way to earn clients. However, in case you have already lowered your price, keep a margin for lowering it for Daraz sales. Yes, we all want to profit, but not at the expense of loss on our end. Once your products attract clients' eyes and achieve a reasonable volume, you can heighten up your price. Performance maintenance: Getting featured in sale campaigns is a short-term thing if your performance declines. For a Daraz seller account, you are required to make sure your performance level is sustained. Asaan retail gives off a simple solution to all the queries listed above. The platform manages your store and aims to heighten up your performance in order to make money from Daraz. It provides an edge, and you are always one step forward from your competition to sell on Daraz. Additionally, Asaan retail offers a package of the 15-day trial for free. Forget the hassle and focus on achieving your goals of a successful Daraz seller account. For queries and questions, contact us today! Inventory, Fulfillment and Accounting Software for Ecommerce Platforms Manage your ecommerce business with Asaan Retail. Start Your 14-Days Free Trial Related Articles Daraz Affiliate Marketing- Know it all! Sell on Daraz and Earn 50K Per Month Income! Here’s how What is Shopify API? How can you integrate it? Woocommerce vs. Shopify: Which one is better for SEO? Reorder point formula - understand with examples Shopify v/s Shopify plus: Which one benefits your business more? Table of Contents 0 Linkedin Hm-globe3 Facebook Youtube Instagram 0 Linkedin Hm-globe3 Facebook Youtube Instagram Linkedin Recent Articles Daraz Affiliate Marketing- Know it all! Kamil Riaz Kara 22 Sep 2022 Sell on Daraz and Earn 50K Per Month Income! Here’s how Kamil Riaz Kara 20 Sep 2022 What is Shopify API? How can you integrate it? Kamil Riaz Kara 15 Sep 2022 Woocommerce vs. Shopify: Which one is better for SEO? Kamil Riaz Kara 15 Sep 2022 Reorder point formula – understand with examples Kamil Riaz Kara 08 Sep 2022

Kamil Riaz Kara

September 20, 2022

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Shopify

What is Shopify API? How can you integrate it?

What is Shopify API? How can you integrate it? In this article piece, we are going to explore all the details related to Shopify API. Also, we will discuss Shopify API integration with Asaan Retail and Shopify e-storesIn the present day, one of the leading shopping platforms among online sellers has to be Shopify! In order to gain access to it, software vendors connect to its API. In turn, Shopify API assists sellers in managing several types of store data as per their requirements.One of the robust e-commerce programs has to be Shopify, globally. Presently running more than 1 million online stores with no less than $7 billion worth of sales. The popularity of the leading e-commerce store is seen highest in the United States with 921,000+ Shopify e-stores. Further, followed by the United Kingdom with 49,000+ e-stores, Australia 38,000+ e-stores, and Canada with 29000+ e-stores. Pakistan isn't behind, and 4776+ live Shopify e-stores are currently running, with numbers increasing continually. What is Shopify API? Shopify API is a leading e-commerce tool that permits software providers to access data from Shopify-based online stores and use it accordingly. The Shopify API supports both API kinds and also works around various methods. Shopify updates its API now and then. SaaS applications that wish to connect and work with Shopify store data should pay attention to it. They are required to monitor changes all the time and know which of the Shopify API is appropriate. Or else, the connection formed with API won't be constant and termed as unreliable too. What is Shopify API Integration? Let’s start with some basics first!Application Programming Interface is an acronym that is abbreviated as API. An API works as an intermediary that permits one application to access data and communicate with other. It works when the first software calls in for API access to a particular piece of information and functionality in the second. Further, API directs its request to other software. Lastly, it brings the data back. In other words, API permits the business to incorporate their already existing system with others. Also, it doesn't require building features from scratch. This makes it easy to understand Shopify API integration!Shopify API integration relates to a process that ties any SaaS application. It is essential for those software providers who wish to bid their services to online retailers already using Shopify e-commerce to sell their goods online. In case of not developing a reliable Shopify API integration program, software providers cannot help e-store owners manage and automate their e-retail process. For further details on Shopify API integration, read more about it on asaan retail. What are the types of Shopify APIs? Shopify e-commerce API isn't just one. In actuality, there are six different types. Here is a list of all kinds with a bit of description for you to understand. 1. Shopify Admin API: As the name suggests, admin API helps systems to interact with Shopify. It allows business owners to include new features that enhance the Shopify user experience. For this reason, it delivers timely data related to products, inventory, order shipping, delivery, returns, and customer. Business owners can benefit from this type to add and extend functionalities of their store that enhance user experience. ++ 2. Shopify Storefront API: This type of Shopify API lets suppliers take their store on a high level, including websites, apps, or video games. Users can access product information, create customer orders, and check purchases anytime that too automatically. 3. Partner API: With this type, Shopify partners obtain data in their partner dashboard. This includes transactions, app events, and expert marketplace jobs. With this access, you are allowed to work and level up your business once you automate front and back-end operations. 4. Shopify Payments API: As the name suggests, this type assists business owners in accessing data related to their payments. Sellers can resolve issues with this type, including rejecting or settling captures, costs, and refunds. 5. Ajax API: This type is used alongside Shopify themes. It helps users update a shopper's cart without requiring them to refresh the browser. 6. Messaging API: The messaging API type facilitates business owners to send messages to the Shopify inbox. It works as an application that centralizes their business conversations from other app messages. The additional type includes Shopify order API. Shopify order API integrates part of the whole cycle track and manages purchases. This other type help merchants to record purchase, calculate total payments, confirm, and track an order's progress. Besides Shopify order API, the other APIs include draft orders API, translations API, order editing API, discounts API, editing API, billing API. What are the advantages of Shopify API integration? From the above information mentioned, one can conclude that it covers significant e-commerce procedures efficiently. In addition to the apparent benefit, here are some other benefits listed below. Let’s look over it! Helps you with personalizing your store: Instead of being stuck with a one-size tool, this API software helps you select different types per requirement. It caters needs of you and your customers perfectly. Once you select additional functionalities, you can boost the agility, adaptability, efficiency, and production of your Shopify e-commerce store. With Shopify API integration, you can fill up the shortcomings of your store. Saves time and money: One can't deny that Shopify API integration helps business owners to save tremendous time and money. The need to build from scratch or build anything is removed. Further, they allow users to automate the synchronization of information, helping you to save enormous time. The integrated apps also help you facilitate and even automate several aspects of managing a business. In turn, this heightens the efficiency and decreases artificial or manual errors. Improved shopping experience: Shopify API integration help business owners to add or extend functionalities for their e-commerce stores. In turn, it results in a better, more personalized user experience for their potential clients. Does Shopify's e-commerce store's integration with Asaan Retail benefit business owners? Business owners are always looking for efficient ways to boost user experience that benefits them in return. When you integrate your Shopify e-store with Asaan retail, a centralized software takes control over it. Further, it manages even the intricate details of your business.From managing your inventory to consolidating your accounts, directly importing products for you from Shopify helps you make an intelligent decision and demand forecast; it helps you with all! The software benefits you to a greater extent and doesn't leave you disappointed at all. So, what are you waiting for? Integrate your Shopify API with Asaan Retail, and let us take over your business and manage efficiently. The best part is that you can opt for a 15-day free trial and learn how to maximize your business efficiency with Asaan Retail. Sign up today and let us know how we can serve you! Inventory, Fulfillment and Accounting Software for Ecommerce Platforms Manage your ecommerce business with Asaan Retail. Start Your 14-Days Free Trial Related Articles What is Shopify API? How can you integrate it? Woocommerce vs. Shopify: Which one is better for SEO? Reorder point formula - understand with examples Shopify v/s Shopify plus: Which one benefits your business more? What is the cost of goods sold formula? Here's our detailed guide! What is the easiest way to generate an invoice for free online? Table of Contents 0 Linkedin Hm-globe3 Facebook Youtube Instagram 0 Linkedin Hm-globe3 Facebook Youtube Instagram Linkedin Recent Articles What is Shopify API? How can you integrate it? Kamil Riaz Kara 15 Sep 2022 Woocommerce vs. Shopify: Which one is better for SEO? Kamil Riaz Kara 15 Sep 2022 Reorder point formula – understand with examples Kamil Riaz Kara 08 Sep 2022 Shopify v/s Shopify plus: Which one benefits your business more? Kamil Riaz Kara 06 Sep 2022 What is the cost of goods sold formula? Here’s our detailed guide! Kamil Riaz Kara 01 Sep 2022

Kamil Riaz Kara

September 15, 2022

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Ecommerce

Woocommerce vs. Shopify: Which one is better for SEO?

Woocommerce vs. Shopify: Which one is better for SEO? It’s Woocommerce vs. Shopify today! In this article, we dig in deep and find out is Shopify better than Woocommerce. Let’s begin!Can you think of someone standing on every other street corner globally and promoting your business? For this, it spins signs with your store name and directs traffic to you.Well, that is what SEO, abbreviated as Search Engine Optimization, does to boost up your business!Currently, SEO plays a huge role in ranking websites on search engine pages. In return, direct potential traffic to your website. If you want to rank on SERP, you are required to optimize your business accordingly. Once your company ranks high on SERP, it reaches more and more people and enhances your sales. For example, SEO optimization requires you to include focus keywords on your web, fitted naturally and logically. Focus keywords can be included in Meta descriptions, product pages, URLs, images or texts, permalinks, etc. But, keep in mind that they sit nicely and naturally.For businesses transitioning into e-commerce, the choice of the platform comes down to Shopify or Woocommerce. Both have clear pros and cons, but which one is better among the two? This isn’t an easy question. In short, it depends on factors, is Shopify better than Woocommerce, or if it is the other way around. Be it Shopify SEO or Woocommerce SEO, each is a robust and reliable platform used among millions of users to handle online sales, products, and revenue. Having said that, there is a difference between Shopify and Woocommerce, making it essential for you to examine in detail. Further, we are here to help you with it. Woocommerce vs. Shopify: Which one is better? Let’s begin with Shopify SEO and find that Shopify is better than Woocommerce. Shopify SEO: Shopify SEO obtains a million users worldwide and holds a significant position as an e-commerce platform website. The platform focuses on less-technical inclined clientele. Further, it offers an easy way to configure and use the online portal, helping you to work out of the box. Shopify SEO Pros: The pros listed as follows are: Fast loading time: A website loading time is a significant factor. Not to ignore that 53 percent of users abandon a site if it takes more than three seconds to load. In this area, Shopify shines on and has a faster loading time compared to Wordpress and Woocommerce SEO. SSL certificates: Whether or not you register through them, they automatically register your domain. This means they offer an SSL certificate as part of your monthly fee. Further, they ensure that all of their stores use SSL encryption. This is because the absence of it might result in heavy penalties. Built-in mobile optimization: All of us have mobile and internet today. Your business might not be top-ranked if you don't have a mobile-optimized web store. Google uses mobile optimization as a key-ranking metric, and if your website isn't performing well on a small screen, it's a disadvantage.For this reason, Shopify simplifies the process, involving a mobile-friendly theme. SEO friendly: Shopify focuses on taking away a few technical aspects of SEO from an average user. It doesn't offer tons of customization options, and the basics are there definitely. It generates XML sitemaps to customize Meta and title descriptions.Further, the app store of Shopify offers quite a few SEO apps that help you to boost SEO performance. The popular apps are available by Plugin SEO and Ultra SEO. However, neither comes close to Yoast SEO offered by Wordpress Woocommerce SEO.Looking to integrate Shopify into your e-commerce store? Let Asaan retail help you with it. Shopify Cons: Few customizations: Unarguably, Shopify SEO is designed to be as user-friendly as possible. But, it takes a few of the technical aspects away from the user. Therefore, it might frustrate an experienced web designer if they optimize SEO technical aspects as per their preferences. Limit blogging capacity: You can't overstate the importance of content for SEO. If your web includes rich and engaging content, it directly affects your SEO score, and Google places a heavyweight on-site quality.Unarguably, in the sector, it is way behind Woocommerce SEO. It is because it treats a blog as an afterthought and lacks the features delivered by Woocommerce SEO. More costly: A Woocommerce vs. Shopify discussion isn't complete without looking at the cost of the two platforms. Shopify isn't cheap. Moreover, given the fact that you can't resolve the nuts and bolts, it doesn't stack up well against Woocommerce. Woocommerce SEO Pros: In the ongoing rage between Woocommerce vs. Shopify, let’s look over the pros of this platform: Custom-made and optimized SEO code: Woocommerce is designed from the ground, keeping SEO in mind. Unlike Shopify, several plugins help you with easy access, website architecture, etc. This means it allows you to integrate more technical aspects of SEO when compared to Shopify. Search engine-friendly URLs: With it, you can easily change your URL permalink structure to cater to Google requirements. Further, Woocommerce stores can take advantage of clean, top-level domain structures. Offer SEO plugins: An extensive range of SEO plugins is offered, bringing you to the powerful Yoast SEO. It is by far one of the popular tools for all the right reasons. It is unrivaled among other SEO tools with the ability to customize everything. Rich snippet support: Wordpress is well-known for its capability to offer structured data support. It is crucial for website owners and helps optimize a store's content to appear as rich snippets on Google. Blog support: Wordpress started as an SEO platform years ago. It has gotten better with age. A Woocommerce based online store helps you to own the content game. It offers capabilities Shopify users can only dream of. Woocommerce SEO Pros: Slow web speed: Shopify key advantage is fast web loading speed, which Woocommerce lacks. It is at the mercy of hosting issues, site plugins, database optimization, image compression, and other factors. So, in a Woocommerce vs. Shopify speed match, the advantages lie with the latter. Not optimized for coding: While the architecture is SEO friendly, the extensive range of compatible themes isn't optimized. You are either required to get a highly-optimized piece for a higher price onboard or optimize composition yourself. Shopify vs. Wordpress Woocommerce: Which one should you opt for? There is no one answer, and there is no easy way to reach a conclusion. The debate between Woocommerce and Shopify has been going on for years, and it all comes down to your needs. Both platforms offer advantages and disadvantages, and it all depends on your technical requirements.You can opt for the Shopify SEO platform and get along with baked-in SEO factors. Your store will perform well with minimum customization. However, you might not be able to dig in deep. You can go for the Woocommerce SEO platform and avail a high degree of flexibility and customization. The powerful Wordpress CMS backs it. It requires more work and a high learning curve, but you have much more SEO power on your end at the end of the day.Lastly, if this article has convinced you to decide between Woocommerce vs. Shopify, manage your online store with Asaan retail software today.Contact us, and reach your goals to boost your business. Inventory, Fulfillment and Accounting Software for Ecommerce Platforms Manage your ecommerce business with Asaan Retail. Start Your 14-Days Free Trial Related Articles What is Shopify API? How can you integrate it? Woocommerce vs. Shopify: Which one is better for SEO? Reorder point formula - understand with examples Shopify v/s Shopify plus: Which one benefits your business more? What is the cost of goods sold formula? Here's our detailed guide! What is the easiest way to generate an invoice for free online? Table of Contents 0 Linkedin Hm-globe3 Facebook Youtube Instagram 0 Linkedin Hm-globe3 Facebook Youtube Instagram Linkedin Recent Articles What is Shopify API? How can you integrate it? Kamil Riaz Kara 15 Sep 2022 Woocommerce vs. Shopify: Which one is better for SEO? Kamil Riaz Kara 15 Sep 2022 Reorder point formula – understand with examples Kamil Riaz Kara 08 Sep 2022 Shopify v/s Shopify plus: Which one benefits your business more? Kamil Riaz Kara 06 Sep 2022 What is the cost of goods sold formula? Here’s our detailed guide! Kamil Riaz Kara 01 Sep 2022

Kamil Riaz Kara

September 15, 2022

0 Comment

Tips & Tricks

Reorder point formula – understand with examples

Reorder point formula - understand with examples If you have set up a new business or have been selling items for years, you can still benefit from reorder point formula. The guide will show you how to benefit from it and which numbers are required to generate inventory reorder point.Starting from the basics, let’s learn what is meant by reorder point and understand with related reorder point formula example! What is reorder point? A reorder point related to unit quantity on hand initiates the purchase of a fixed amount of replenishment inventory. When the purchasing process and supplier fulfillment work accordingly, the reorder point will arrive at the replenishment inventory. In simpler words, it directs you when to place an order, so you don't run out of inventory on your website. This is precisely the same thing when the last on-hand inventory is fully used. Reorder point relates to the level of the stock in your inventory that initiates you to reorder the item. The least amount of stock item is present in your business rack before replenishment is needed. This is because, to meet the client's requirements. For example, if you have a pharmacy business, and your reorder point for a Panadol is 10; therefore you are required to order more when 10 Panadol tablets are left,Another reorder point formula example is that a company opts for two brands; if one supplier requires one day to deliver any order, and the other brand requires three days to deliver, then the company reorder point for the first brand would be when there is one supply left, and three days for the other supplier. What is the significance of reorder point? When you are a business owner, you must know when to order stock. It is more important than everything. If you order more when you have stock in your hand, it will lead to more stockpiling. This will increase your holding point too. On the other hand, if you order when you have zero stock in hand, you might not be able to make as many sales as you can because it takes time to receive the order. The more time your vendor requires, the more sales you will be losing. When you set a reorder point, it will help you to optimize inventory and refill your stock of individual items at the right time. This results in meeting your business demands without going out of stock. The reorder point formula: The reorder point formula is to multiply the average daily usage rate for an inventory item by the lead time in days to restock it. For example, XYZ international uses 25 units of its green widget every day. The number of days it requires the supplier to restock its inventory is four days. Therefore, XYZ international will set the reorder point for the blue widget at 100 units. When the inventory balance declines to 100 units, XYZ will place an order, and the new unit might arrive four days later, just as the last of the on-hand widgets are being used up. The inventory reorder point is based on average usage. Moreover, demand may spike up or below the average level. Therefore, there still be inventory on hand when the refill order arrives, or there might be a stockout condition for many days that interferes with sales or production. In order to guard against the latter condition, a company might alter the reorder point formula and add a safety shock. Now the formula becomes: (Average daily usage rate x Lead time)+ Safety shockThe altered formula means that refill stock will be ordered soon, which significantly lessens the risk, indicating that there will be a stockout condition. However, this also means that a company might have an enormous investment in its in-hand inventory. Hence, there might be a trade-off between always having inventory available and funding a more considerable inventory asset. Determine reorder point formula example with safety stock: Let’s understand it with reorder point formula example. If you sell perfumes, you are a perfume retailer and sell 200 bottles of perfume in a day. Your vendor is required one week to deliver each batch of perfume your order. When you keep enough stock for five days of sales, in case of an unexpected delay. Now, what can be your reorder point should be?Lead time = 7 daysSafety stock: 5 days x 200 bottles=1000 bottlesROP= (200 x 7) +1000 = 2400 bottlesIn conclusion, you should order for the next batch of perfume when 2400 bottles are left in your inventory. Determine reorder point formula example without safety stock: A business that follows lean inventory practices or is a just-in-time management strategy often doesn't maintain a safety stock. In these cases, you can calculate reorder points when you multiply your daily average sales with your lead time. Usually, when you don't maintain a safety stock, your reorder level and frequency of your orders are higher than ever.Reorder point formula: daily average sales x lead timeIf you take the above perfume example when you don't include safety stock, your reorder point formula should be: ROP=200X7=1400 bottlesTherefore, in this case, you should place an order for the following inventory when 1400 perfume bottles are left. The inventory reorder point calculator: The inventory reorder point calculator helps business owners instantly calculate when they should reorder a particular item. The calculator obtains the field, which you have to fill. Once the fields are filled, you can press the calculate button to determine your reorder point. The inventory reorder point calculator is an advanced feature of inventory management.The reorder point relates to the threshold at which you are required to order more inventory. This prevents shortages and also inhibits overstock. The inventory reorder point formula helps you to calculate. Thus no overstocking and understocking of products happen. You can also opt for software, such as Asaan retail, for your order management. It includes various features, with an apt guide to help you. Further, besides order management, you can make use of other features, including accounting management, reporting, inventory management, etc.For this reason, you have to sign up at our website and opt for a free trial of 15 days. We promise you won't be disappointed with our remarkable features. Inventory, Fulfillment and Accounting Software for Ecommerce Platforms Manage your ecommerce business with Asaan Retail. Start Your 14-Days Free Trial Related Articles Woocommerce vs. Shopify: Which one is better for SEO? Reorder point formula - understand with examples Shopify v/s Shopify plus: Which one benefits your business more? What is the cost of goods sold formula? Here's our detailed guide! What is the easiest way to generate an invoice for free online? Retail Tech is revolutionizing the post pandemic world Table of Contents 0 Linkedin Hm-globe3 Facebook Youtube Instagram 0 Linkedin Hm-globe3 Facebook Youtube Instagram Linkedin Recent Articles Woocommerce vs. Shopify: Which one is better for SEO? Kamil Riaz Kara 13 Sep 2022 Reorder point formula – understand with examples Kamil Riaz Kara 08 Sep 2022 Shopify v/s Shopify plus: Which one benefits your business more? Kamil Riaz Kara 06 Sep 2022 What is the cost of goods sold formula? Here’s our detailed guide! Kamil Riaz Kara 01 Sep 2022 What is the easiest way to generate an invoice for free online? Kamil Riaz Kara 30 Aug 2022

Kamil Riaz Kara

September 8, 2022

0 Comment

Shopify

Shopify v/s Shopify plus: Which one benefits your business more?

Shopify v/s Shopify plus: Which one benefits your business more? Shopify v/s Shopify plus has been a debate going on for years between e-commerce sellers.Unarguably, both platforms feature excellent services and obtain outstanding reputations. However, they deliver a different set of features and capabilities. Each of the platforms comes with a price point and fee. This is an integral part for many of us! If you are looking to obtain a new e-commerce platform onboard, this article will help you decide. Once you are aware of what's the difference between Shopify and Shopify Plus, it will be easier for you to conclude. Let's explore the two platforms, Shopify v/s Shopify plus pricing and Shopify plus plan features.Let’s dig in! Shopify v/s Shopify Plus: What’s the difference between Shopify and Shopify Plus: What is Shopify? In the present day, Shopify is a front-runner in the e-commerce market. It is an all-in-one solution, famous for its wealth of exclusive e-commerce features, well-designed themes, and support. Shopify is one of the best solutions for all businesses and it hosts 1.4 million websites. What is Shopify Plus? Shopify plus inherits all features from its parent app, i.e., Shopify. However, the critical difference between Shopify v/s Shopify plus lies in the target audience it aims at. Shopify is a wise choice for small, medium, and extensive enterprises in terms of its reasonable cost and efficacy. However, Shopify plus is known to be icing on the cake for enterprise-level- business as they require a high-level platform to cater to it. Shopify v/s Shopify plus Pricing: The first part of our comparison lies between Shopify v/s Shopify plus, pricing plan. One of the vital Shopify costs one takes into consideration is packages. For a Shopify user, you have various options to opt from that suit you the best. The Shopify packages listed, are as follows : Basic: $29/month Intermediate: $79 per month Advanced: $299 per month The higher you play, the more powerful features you obtain. This includes professional reports, point of sale systems, and third-party calculated shipping rates. These features suit your business. Further, you can also opt for a free trial for 14 days from it just by registering your email address. With Shopify, you have a clear view of three packages. However, with Shopify Plus, a direct negotiation is required. You can lock the deal with Shopify plus by tapping the 'Get pricing' plan. Now, fill in the form with exact contact details. The question of how much Shopify plus cost is hard to answer. There is no precise answer. However, retailers generally have to pay around $2000 in a month based on sales volume. When you achieve the target of $800,000 per month of sales, their charging system becomes a revenue-based model. You might have to pay 0.25 as Shopify plus fees, but not more than $40,000 of your monthly revenue.The transaction fee on Shopify plus is negotiated as per your sales volume and the reliability of your store. Shopify v/s Shopify Plus Support: One of the key reasons that more than 1.4m retailers trust these platforms relates to their excellent support. They deliver top-notch customer services that are constantly updated, help you through queries, and keep up-to-date information; you can opt for assistance from users all over the world once you join the platform. Shopify offers 24/7 support through email, live chat, and phone. The live chat feature is a sharp difference between Shopify v/s Shopify plus. Shopify plus extends the same support as Shopify. However, store owners receive extra credit with this baby of Shopify. From Shopify plus, you receive unwavering support and help known as 'Launch Manager.' They will get ready in ninety days or less. Further, 'Merchant success manager' will also take center stage and help you in exploring your full potential. This all comes with extra strategy and support. Shopify Plus makes a considerable contribution to your success and detailed guidance on optimizing Shopify plus, strategic coaching and prediction, and analysis of industry trends. Shopify v/s Shopify Plus: Themes and Design: In between Shopify basic v/s Shopify plus, 80 themes are available. Keep in mind that other than ten free themes, the rest of the themes can get onboard from $140-$180. Shopify allows you to alter the theme and feature 'Shopify Liquid.' It is an open-source template language that helps you edit HTML or CSS. However, you need to have a basic understanding of the app to make custom edits. No need to stress out. Follow the step-by-step guide and learn it today. Big sellers utilize Shopify plus, and you can benefit from it. With the joint amalgamation, Launch Manager also helps in writing code and making custom edits for you. In such cases, a dedicated Launch Manager will help in enterprise-level business, saving bucks, time, and effort.Another feature offered by Shopify plus is that it utilizes 'Script Editor' to customize your business page. Shopify basic v/s Shopify plus, Shopify plus plan features this app. Shopify basic v/s Shopify Plus: e-commerce features: Shopify v/s Shopify plus obtains the same core when offering basic facilities and e-commerce features. The critical difference between the two is that Shopify plus plan features more applications, flexibility, support, and access to your store's underlying code. Further, while Shopify offers a fundamental tool to your business at the start, Shopify plus is the solution business that serves exceptionally more customers than expected. Final thoughts: Unarguably, the e-commerce platform offered by Shopify obtains the most significant traction in North America. Further, it is growing and rapidly gaining international steam. In general, a business that doesn't require complexity and has just started can opt for Shopify basic as the core e-commerce platform. However, high-growth businesses look at Shopify plus for several reasons. While the Shopify Plus plan features the most prominent brand, it offers support and resources and maintains solid relationships with its partners. While this is great, it comes with a heavy price. Unless your store is earning millions, you probably want to stick at Shopify basic.There is no win in Shopify v/s Shopify plus, and the debate might never win. Why Asaan retail for Shopify? However, if you are a startup brand and looking to integrate Shopify, sign in at Asaan retail today! The Asaan retail software offers several features, including inventory management, order management, shipping management, accounting management, reporting and complaints management.With Asaan retail software, you can integrate Shopify for your business, and include all the features listed above in your business. Sign up today for integrating Shopify with the help of our software. Inventory, Fulfillment and Accounting Software for Ecommerce Platforms Manage your ecommerce business with Asaan Retail. Start Your 14-Days Free Trial Related Articles Woocommerce vs. Shopify: Which one is better for SEO? Reorder point formula - understand with examples Shopify v/s Shopify plus: Which one benefits your business more? What is the cost of goods sold formula? Here's our detailed guide! What is the easiest way to generate an invoice for free online? Retail Tech is revolutionizing the post pandemic world Table of Contents 4.9 Linkedin Hm-globe3 Facebook Youtube Instagram 4.9 Linkedin Hm-globe3 Facebook Youtube Instagram Recent Articles Woocommerce vs. Shopify: Which one is better for SEO? Kamil Riaz Kara 13 Sep 2022 Reorder point formula – understand with examples Kamil Riaz Kara 08 Sep 2022 Shopify v/s Shopify plus: Which one benefits your business more? Kamil Riaz Kara 06 Sep 2022 What is the cost of goods sold formula? Here’s our detailed guide! Kamil Riaz Kara 01 Sep 2022 What is the easiest way to generate an invoice for free online? Kamil Riaz Kara 30 Aug 2022

Kamil Riaz Kara

September 6, 2022

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Tips & Tricks

What is the cost of goods sold formula? Here’s our detailed guide!

What is the cost of goods sold formula? Here's our detailed guide! The term ‘cost of goods sold formula’ relates to the cost related to the production of the goods sold by a company. The cost is related to the materials and labor associated with that item for a specific period. If you are a company that sells products, you are required to know the cost of these products. This is where the COGS formula comes in and takes center stage! The cost of goods sold formula doesn't only calculate the cost of producing an item, but it also reveals profits for an accounting period. This means the formula points out if you are required to make any price changes or if you need to cut down on production costs. Whether you are a business owner or buyer, knowing how to calculate the cost of goods sold is essential. A better understanding can help you decide about the item you are purchasing or producing. What is the cost of goods sold? COGS relates to the amount required to produce goods sold by a company. This money involves the cost of materials and labor that comes with that product. However, it doesn't include indirect expenses such as distribution and sales force costs. What is the cost of goods sold formula? When you are selling a product, you are required to know the production cost linked with it in a certain period. This could be a month, year, or quarter. You can calculate it with the help of the cost goods sold formula. The formula is a straightforward calculation that accounts for beginning and ending inventory, and purchases are made during that time. A simple breakdown of the cost of goods sold formula is mentioned as follows: COGS= (starting inventory) + (purchases made during the period) – (ending inventory) How can you calculate the costs of goods sold formula? When you have to calculate the cost of goods sold, you are required to know the value of starting inventory. The beginning or starting inventory relates to your merchandise, which involves raw materials and supplies. For instance, at the beginning of your accounting period, you add in the new inventory purchased and subtract it from the ending inventory. Ending inventory means the inventory left during your accounting period. This is how you estimated the cost of goods sold. The total cost of goods sold formula also accounts for returns, allowances, discounts, and freight charges. However, for now, we are sticking to the basics. For understanding, take one step at a time. Understand the formula and learn to estimate the cost of goods sold. Here is how you can do it: 1. Point out direct and indirect prices: If you manufacture or resell items, the COGS formula helps you deduct all the prices linked with it. The first step in it is to separate the direct costs which are involved in the calculation. Differentiate it from the indirect costs that aren’t included in it. Direct cost: This relates to the cost linked or associated with the production or purchase of a product. These prices vary depending on the production level. Some of the examples listed as follows are: Direct labor Direct material Manufacturing supplies Fuel consumption Power consumption Production staff wages Indirect costs: Indirect costs go beyond the product price of an item. It includes the cost of maintaining and running the money. It might include fixed direct costs, such as rent, and other fluctuating amounts such as electricity. Indirect costs aren't included in the cost of goods sold formula. Some of the examples listed as follows are: Utilities Marketing campaigns Office supplies Accounting and payroll services Employee benefits Insurance cost 2. Recognize beginning inventory: The next step is to identify the beginning inventory. It relates to the inventory amount left from the last time. This can be a month or a year. It is your merchandise and involves raw materials, supplies, and finished and unfinished items that weren't bought before. However, it is essential to keep in mind that the beginning inventory equals the ending inventory from the last period. 3. Total up the products added to your inventory: Once you have determined your starting inventory, you also have to record inventory purchases throughout the time too. It is essential to maintain a record of things, including the cost of shipment and manufacturing for each item, which adds up to the inventory cost. 4. Conclude ending inventory: The ending inventory relates to the amount of merchandise left at the time. It is calculated by opting for the physical inventory of items or estimating an amount. Often the cost of ending inventory is decreased when the item is damaged, obsolete, or worthless. 5. Put it in the cost of goods sold formula: Now that you have everything, it’s time to put the value in the formula for an estimated cost of goods sold. A COGS formula gross profit example: For example, if you have to calculate the estimated cost of goods sold in a month and have a beginning inventory of $30,000. Through the period, you purchase an extra $5000 inventory. After taking the inventory, you find out that there is $2000 inventory left at the end of the month. Putting the values in the cost of goods sold formula equation, you will discover the cost of goods sold is $33 000. COGS= (starting inventory) + (purchases made during the period) – (ending inventory) COGS= $30,000+$5000-$2000=$33,000. Another example related to COGS is that a website sells jewelry. In order to find the estimated cost of goods sold, a company must know about beginning inventory. Next, the cost of manufacturing the item through the year is added to the beginning inventory. At last, the business inventory value is subtracted from the beginning value and its cost. This will provide an estimated cost of goods sold in a year. Companies that sell inventory need to know about the cost that comes with creating products. This is where the cost of goods sold (formula) comes in! The COGS formula gross profit will be shown in the company's profit and loss sheet. It is also crucial for tax filings. Besides, COGS formula, it is essential for you to learn about retail point of sale system. Why you can contact Asaan retail for order management? For your order management, accounting management, reporting, and other features you can sign at Asaan retail software. Asaan retail helps you to manage your business efficiently, and gives your business a boost. The order management feature helps you to find all order from Shopify, Woocommerce, and Daraz instantly to a place. Further, this feature helps you to built-in point of sales system, and helps you to book orders with shipping carriers of Pakistan. It also offers seamless inventory synchronization across marketplaces and websites. The Asaan retail software is accessible at any time of the day. User guides are also up on the website for assistance. Further, a free trial for 15 days is up on the website; sign up now! Inventory, Fulfillment and Accounting Software for Ecommerce Platforms Manage your ecommerce business with Asaan Retail. Start Your 14-Days Free Trial Related Articles Woocommerce vs. Shopify: Which one is better for SEO? Reorder point formula - understand with examples Shopify v/s Shopify plus: Which one benefits your business more? What is the cost of goods sold formula? Here's our detailed guide! What is the easiest way to generate an invoice for free online? Retail Tech is revolutionizing the post pandemic world Table of Contents 0 Linkedin Hm-globe3 Facebook Youtube Instagram 0 Linkedin Hm-globe3 Facebook Youtube Instagram Recent Articles Woocommerce vs. Shopify: Which one is better for SEO? Kamil Riaz Kara 13 Sep 2022 Reorder point formula – understand with examples Kamil Riaz Kara 08 Sep 2022 Shopify v/s Shopify plus: Which one benefits your business more? Kamil Riaz Kara 06 Sep 2022 What is the cost of goods sold formula? Here’s our detailed guide! Kamil Riaz Kara 01 Sep 2022 What is the easiest way to generate an invoice for free online? Kamil Riaz Kara 30 Aug 2022

Kamil Riaz Kara

September 1, 2022

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Ecommerce

Retail Tech is revolutionizing the post pandemic world

Retail Tech is revolutionizing the post pandemic world The consumer buying behaviors are changing, retailers MUST adapt to this change with an efficient POS to stay competitive. During the Covid-19 pandemic, consumer preferences and buying patterns have shifted, and to keep ahead of this "new normal", retailers need to adapt accordingly. Shoppers hope to be on supermarket shelves with everything on their lists. As customer buying behavior continues to change due to the Covid-19 crisis, effective inventory management will no longer guarantee that happens. Research by McKinsey & Company found that for value and convenience purposes, "75% of shoppers in the United States have changed their buying habits and switched brands. In addition, these changes may not be temporary: four-fifths expect to stick with their shopping habits that have been newly adopted." Having new customers is challenging in a crowded market. Retailers have been forced to spend heavily on attracting customers. The first step is to get potential clients to find the website and visit it. Next, encourage the visitor to make a purchase. Re-engagement then comes, or to get the client to make more transactions. Finally, consumer needs need to be fulfilled by the in-store experience, so this is where attributes such as point of sale aisle come in. Furthermore, many business owners use e-commerce platforms that attempt to optimize online sales processes during the COVID-19 pandemic. If you look ahead, you will need to sync both online and offline purchases, inventory, and promotions of business owners with various distribution platforms, including both brick-and-mortar and e-stores. Thus, both before and after the pandemic, e-commerce and POS integration would be an optimal solution. With Asaan Retail, you can efficiently manage your inventory, generate integrated sales and profit reports for all your physical and digital stores, manage price changes, keep customers/ vendors/ resellers updated through email, generate bulk invoices and return through scanners, update bulk stocks, print shipping labels and much more! Contact our customer service representative to get your hands on it today! Inventory, Fulfillment and Accounting Software for Ecommerce Platforms Manage your ecommerce business with Asaan Retail. Start Your 14-Days Free Trial Related Articles Reorder point formula - understand with examples Shopify v/s Shopify plus: Which one benefits your business more? What is the cost of goods sold formula? Here's our detailed guide! What is the easiest way to generate an invoice for free online? Retail Tech is revolutionizing the post pandemic world What is a Retail Point of Sale System? Table of Contents Table of Content Retail Tech is revolutionizing the post pandemic world 0 Linkedin Hm-globe3 Facebook Youtube Instagram 0 Linkedin Hm-globe3 Facebook Youtube Instagram Recent Articles Reorder point formula – understand with examples Kamil Riaz Kara 08 Sep 2022 Shopify v/s Shopify plus: Which one benefits your business more? Kamil Riaz Kara 06 Sep 2022 What is the cost of goods sold formula? Here’s our detailed guide! Kamil Riaz Kara 01 Sep 2022 What is the easiest way to generate an invoice for free online? Kamil Riaz Kara 30 Aug 2022 Retail Tech is revolutionizing the post pandemic world Kamil Riaz Kara 10 Aug 2022

Kamil Riaz Kara

August 10, 2022

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Point of Sale

What is a Retail Point of Sale System?

What is a Retail Point of Sale System? Put simply, a retail point of sale system integrates administrative, managerial and financial operations, empowering staff to build customer loyalty and dispense high level services in an Omnichannel world. These systems are used for keeping a track of financial transactions, maintaining inventory through unique barcodes, generating monthly sales and profit reports and for enhancing customer experience. Retail point of sales systems come into play every time the customers make a purchase at your store. These hardware and software based systems allow business owners to streamline their business operations and keep a track of their profits. Financial transactions can be recorded through electric cash registers or integrated computer systems that record all sorts of data concerning a business transaction. These systems also allow you to maintain a customer database for hassle-free purchasing and for personalization of customer experience. Information about previous transactions and purchase behavior can serve as a useful aid for future advertisement campaigns. From Retail Point of Sale to Retail Point of Service In a consumer centric business world, it becomes crucial for business owners to adopt a more customer-focused attitude. It is no longer the matter of products but the type of services offered that bring businesses at the forefront. Anticipating what customers expect and catering to their needs has now become pivotal to success. To thrive in this consumer ruled business world, retailers are expected to think in terms of engagement, segmentation and building customer trust. Retailers who use efficient POS systems to strengthen their bond with the customers would stay afloat in this highly competitive global world. More so, when countless other options are available for customers it is becoming increasingly difficult to retain customers who are loyal to the company. Therefore, retailers will have to use every tool available at their disposal to get an edge in the market. HOW DOES ASAAN RETAIL COME INTO THE PICTURE? In this Omnichannel world, retailers have to keep the convenience of the customers at the center of all their business strategies. As a retailer, you have to ensure that your customer can get to you easily through any means of shopping available today. And as the culture of ecommerce advances, it is now more important than ever to make your presence known on all the different platforms. This is where we make things easier for you. With Asaan retail, you can now integrate all your ecommerce stores with your POS system. Our point of sale system is pre-integrated with major e-commerce marketplaces of Pakistan, which include Daraz, Goto as well as courier services including TCS, LCS, M&P. The idea is to give you a holistic view of your sales and financial transactions. Using Asaan Retail, you can efficiently manage your inventory, generate integrated sales and profit reports for all your physical and digital stores, manage price changes, keep customers/ vendors/ resellers updated through email, generate bulk invoices and return through scanners, update bulk stocks, print shipping labels and much more! Contact our customer service representative today to discuss your retail needs. Make a wise decision for your company! Inventory, Fulfillment and Accounting Software for Ecommerce Platforms Manage your ecommerce business with Asaan Retail. Start Your 14-Days Free Trial Related Articles Reorder point formula - understand with examples Shopify v/s Shopify plus: Which one benefits your business more? What is the cost of goods sold formula? Here's our detailed guide! What is the easiest way to generate an invoice for free online? Retail Tech is revolutionizing the post pandemic world What is a Retail Point of Sale System? Table of Contents 4.9 Linkedin Hm-globe3 Facebook Youtube Instagram 4.9 Linkedin Hm-globe3 Facebook Youtube Instagram Recent Articles Reorder point formula – understand with examples Kamil Riaz Kara 08 Sep 2022 Shopify v/s Shopify plus: Which one benefits your business more? Kamil Riaz Kara 06 Sep 2022 What is the cost of goods sold formula? Here’s our detailed guide! Kamil Riaz Kara 01 Sep 2022 What is the easiest way to generate an invoice for free online? Kamil Riaz Kara 30 Aug 2022 Retail Tech is revolutionizing the post pandemic world Kamil Riaz Kara 10 Aug 2022

Kamil Riaz Kara

August 10, 2022

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Point of Sale

Simplifying IT with the Right Retail POS

Simplifying IT with the Right Retail POS The highly competitive nature of modern market demands that the companies and businesses revise their processes to increase their efficiency. To stay ahead of competition, retailers need to adopt various strategies. SPEEDING TIME TO MARKET AND SIMPLIFYING IT WITH THE RIGHT RETAIL POINT OF SALE SYSTEM Time to market is the time required for a product to reach the market. This includes the entire lifecycle of the product from the generation of the idea, to its launch in the market. The highly competitive nature of modern market demands that the companies and businesses revise their processes to increase their efficiency. A cutthroat competition exists within the retail industry today, as competitors fight for market share and sales. Also called Speed to market (STM), this concept is, therefore, one of the chief determinants of a company’s success. To stay ahead of competition, retailers need to adopt various strategies to speed up time to market. One of these strategies is to install the right POS system for their retail business. It can do wonders in terms of speeding business operations and shortening checkout ques. The best POS system is the one that is easy to use and implement. Modern POS systems additionally allow retailers to save customer data and create a customer database, to streamline operations and speed up transactions. Information on shopping behavior and payment preferences can aid future advertising campaigns and strengthen customer ties. In today’s tech- based world, it is predicted that in the near future, nearly eighty percent of all the business enterprises will shift their workload to the cloud. Using cloud-based systems enhances workflow efficiency and takes away the hassle of downloading software applications, monitoring, patching and upgrading. It also leads to better utilization of IT resources for business development and innovation. Retailers are therefore, more inclined to use cloud based strategies as they create better opportunities for serving the customers. Cloud-based systems offer the following advantages for retailers: Speed to value: This allows retailers to upgrade their strategies and implement changes so as to adapt to the changing market needs. Being up-to-date with the latest features and technology: It is crucial to stay at the top of the game where technology is concerned. Using cloud, the latest features and application updates become available to you as soon as they are ready. So, your staff can start using them right away! Flexibility and Convenience: Cloud based systems make it easier for you to create applications and tailor them according to your needs. You can get started in no time and enable modules or components that were originally not a part of your deployment. Significantly Reduced Application Costs: This is particularly important when you want to optimize budget spending. Cut down on the IT costs and redirect your resources to other areas, while simultaneously enjoying fully functional and secure business applications. Optimized User Interface: As retailers you can enjoy a united front with consistent insights and information. Inventory, Fulfillment and Accounting Software for Ecommerce Platforms Manage your ecommerce business with Asaan Retail. Start Your 14-Days Free Trial Related Articles Reorder point formula - understand with examples Shopify v/s Shopify plus: Which one benefits your business more? What is the cost of goods sold formula? Here's our detailed guide! What is the easiest way to generate an invoice for free online? Retail Tech is revolutionizing the post pandemic world What is a Retail Point of Sale System? Table of Contents Table of Content Simplifying IT with the Right Retail POS 4.9 Linkedin Hm-globe3 Facebook Youtube Instagram 4.9 Linkedin Hm-globe3 Facebook Youtube Instagram Recent Articles Reorder point formula – understand with examples Kamil Riaz Kara 08 Sep 2022 Shopify v/s Shopify plus: Which one benefits your business more? Kamil Riaz Kara 06 Sep 2022 What is the cost of goods sold formula? Here’s our detailed guide! Kamil Riaz Kara 01 Sep 2022 What is the easiest way to generate an invoice for free online? Kamil Riaz Kara 30 Aug 2022 Retail Tech is revolutionizing the post pandemic world Kamil Riaz Kara 10 Aug 2022

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