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Point of Sale

FREE 15 Days Trial is Here; Get the Most out of your Asaan Retail Subscription

FREE 15 Days Trial is Here; Get the Most out of your Asaan Retail Subscription Asaan Retail is now offering FREE 15-days trial, see it yourself why Asaan Retail is a choice of every retailer! An opportunity that should not be missed!   Asaan Retail believes in the digital future, and is thus taking every step possible into the innovation world. With the increasing demand of SMEs for cloud products, we're now offering free 15-days trial of Asaan Retail which can be started right away with no limitations. Now can start your FREE 15-days trial of Asaan Retail directly from our website with as much integrations, locations and user you want. Collaborate with your staff, sync your stock, pull orders and invoices and much more with our every growing cloud infrastructure.   At least 40% of all businesses will die in the next 10 years… if they don’t figure out how to change their entire company to accommodate new technologies. John Chambers, Cisco System 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 FREE 15 Days Trial is Here; Get the Most out of your Asaan Retail Subscription An opportunity that should not be missed! 4.9 /*! elementor - v3.7.2 - 21-08-2022 */ .elementor-widget-social-icons.elementor-grid-0 .elementor-widget-container,.elementor-widget-social-icons.elementor-grid-mobile-0 .elementor-widget-container,.elementor-widget-social-icons.elementor-grid-tablet-0 .elementor-widget-container{line-height:1;font-size:0}.elementor-widget-social-icons:not(.elementor-grid-0):not(.elementor-grid-tablet-0):not(.elementor-grid-mobile-0) .elementor-grid{display:inline-grid}.elementor-widget-social-icons 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.elementor-icon.elementor-social-icon{border-radius:10%}.elementor-shape-circle .elementor-icon.elementor-social-icon{border-radius:50%} 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

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Shopify

How to Integrate your Shopify Store with Asaan Retail on the Go!

How to Integrate your Shopify Store with Asaan Retail on the Go! Asaan Retail can be easily integrated with your Shopify store to manage sales and fulfillments. Learn here how to do this. Generate credentials from the Shopify admin   Log in and then generate the required credentials from the store admin:   1. From your Shopify admin, go to Apps as shown below.   2. Click Manage private apps, near the bottom of the page.   3. Click Create a new private app.   4. In the App details section, enter name for the private app and a contact email address.   5. In the Admin API section, allow read and write access to all the areas of your store (you can change the settings later).   6. Keep ‘Allow this app to access your storefront data using the Storefront API.’ unchecked.       7. Click Save, then Create App.   8. You'll see your API key and password in the Admin API. You can use these credentials to make authenticated requests to the Shopify store that uses your application.   9. Create a new third party in your Asaan Digital Retail app using your credentials and Test the Connection.   You're all set to explore the whole new world of Automation. Didn't we say it was this much easy? 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 How to Integrate your Shopify Store with Asaan Retail on the Go! Generate credentials from the Shopify admin Log in and then generate the required credentials from the store admin 1. From your Shopify admin, go to Apps as shown below. 2. Click Manage private apps, near the bottom of the page. 3. Click Create a new private app. 4. In the App details section, enter name for the private app and a contact email address. 5. In the Admin API section, allow read and write access to all the areas of your store (you can change the settings later). 6. Keep 'Allow this app to access your storefront data using the Storefront API.' unchecked. 7. Click Save, then Create App. 8. You'll see your API key and password in the Admin API. You can use these credentials to make authenticated requests to the Shopify store that uses your application. 9. Create a new third party in your Asaan Digital Retail app using your credentials and Test the Connection. You're all set to explore the whole new world of Automation. Didn't we say it was this much easy? 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

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Point of Sale

How can the Right Retail POS Scale your Business?

How can the Right Retail POS Scale your Business? The right retail POS gives access to real-time data, allows ease of use for employees, thus building customer loyalty and scaling the business in an Omnichannel world. You have thought about scaling up your business. This thought might have brought forth many questions: What is the best time to do it? How can I do it? Which is the best place to begin? While you think of the ways in which you can scale your retail outlet, you consider options that give you the best Return on Investment and maximize your target audience reach. Investment in the right Point-of-Sale system can do wonders for your business and act as a springboard for your business to attain your targets of scaling up. While there are a lot of Point-of-Sale systems available, how do you know which is the one right for your business? Let’s talk about how the right POS help you in attaining your scaling-up goals: Real-time Data The world is changing quickly, and so should your business. Data analysis is one way to gauge the world around you and strategize accordingly. The right POS system will not only help you gather the data you collect through you retail, but also offer data analysis to show you real-time changes in demand, inventory management, and supply so your business is agile and caters the needs of your customers and suppliers. The right POS will analyze your business data, so you know exactly what to scale in your business and how to go about it. Ease of Use Training the employees to use a complex POS system can be challenging. However, a system that is user-friendly removes the hassle of re-training your employees. An efficient POS system will help increase your speed to market by speeding up your business operations and removing unnecessary complications. It will reduce waiting times for your customers so they are given the customer service that will make them loyal to your brand, scaling your market share in the process. Integrations In the new tech-based world, physical stores have to be integrated to online marketplaces and platforms to increase the customer touchpoints to raise the brand’s awareness and increase the brand value. Customer touchpoints are the points of contact with a customer, whether it be a physical store, online advertisements, or e-commerce websites. Any touchpoint can alter the way that the potential customer thinks about your brand. Therefore, it is important to be available at different platforms and effectively manage each one of them to help develop your brand image and compete with other retailers.    The right POS system will help you integrate your store to e-retail platforms and scale the number of people you reach and the number of touchpoints with a potential customer. Asaan Retail offers all of these essentials and much more to help you scale your business the way you want to. Asaan Retail is offering a FREE trial that will help you assess how Asaan Retail is the right POS system for your business and the best Return on Investment in your step towards scaling your business. Start your 15-day trial with Asaan Retail today and scale your business to the heights!     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 How can the Right Retail POS Scale your Business? Real-time Data Ease of Use Integrations 4.9 /*! elementor - v3.7.2 - 21-08-2022 */ .elementor-widget-social-icons.elementor-grid-0 .elementor-widget-container,.elementor-widget-social-icons.elementor-grid-mobile-0 .elementor-widget-container,.elementor-widget-social-icons.elementor-grid-tablet-0 .elementor-widget-container{line-height:1;font-size:0}.elementor-widget-social-icons:not(.elementor-grid-0):not(.elementor-grid-tablet-0):not(.elementor-grid-mobile-0) .elementor-grid{display:inline-grid}.elementor-widget-social-icons .elementor-grid{grid-column-gap:var(--grid-column-gap,5px);grid-row-gap:var(--grid-row-gap,5px);grid-template-columns:var(--grid-template-columns);-webkit-box-pack:var(--justify-content,center);-ms-flex-pack:var(--justify-content,center);justify-content:var(--justify-content,center);justify-items:var(--justify-content,center)}.elementor-icon.elementor-social-icon{font-size:var(--icon-size,25px);line-height:var(--icon-size,25px);width:calc(var(--icon-size, 25px) + 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.elementor-icon.elementor-social-icon{border-radius:10%}.elementor-shape-circle .elementor-icon.elementor-social-icon{border-radius:50%} 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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Point of Sale

Use of technology breaking traditions in retail businesses

Use of technology breaking traditions in retail businesses Ever thought you would be able to see the future of your business and predict your customers? Now it is doable with intelligent point-of-sale systems. According to a study by Grand View Research, by 2025, "the global demand for point-of-sale terminals is projected to hit USD 108.46 billion". Since company owners rely on information to make better choices for their companies and consumers require unique shopping experiences, POS systems are becoming the bridge between retail businesses and customers. The point-of-sale system is the very core of every organization, one that can incorporate and build synergy between marketing, inventory, accounting, and data analytics. There is no way to correctly understand how much live inventory is in the store, which is the average stock time of the bestselling SKU, etc. Once the core B2B supply chain system is created, if the start-ups are able to leverage their connection and provide inventory management and POS framework, they will be able to leverage the infrastructure to create several other revenue streams for themselves and provide retailers with greater data to prevent from stock-outs and cost reduction.   Check the killer recipe of retail POS below, Predict your customers using data! POS systems provide a role similar to some of the market's best retail business intelligence tools. To create the best experience, it will help you process the data from your clients. Using this pattern, companies can recognize customer preferences, optimize their marketing campaigns, and make changes using real-time data. Pay through mobiles with POS! Customers use smartphones for most of their purchases, as the number of mobile users continues to expand. Not only did this advancement take us away from two conventional markets, cash and cash registers, but it also allowed the technology to move forward and establish a portable store point of sale solution. Asia Pacific countries have completely adopted the use of mobile payments, as mobile POS users are rising 16.2 percent year on year. It consists mainly of scanning codes and authenticating the transaction. New technology companies are developing digital wallets that allow users to pay conveniently from their phones. Post pandemic – High time to adapt POS There has been a significant change in consumer purchasing from in-store to online, with an online selection of better offers. By making tablets accessible for customers to look up data and make purchases, several retail stores are seeking to provide a more 'online' experience. Clients may also put these orders to be shipped to their house. Retailers are searching for processes that can strengthen their retail businesses. As a result, to set up digital sales accounts for them to send an e-mail receipt and customize their shopping experience when linking online channels, mobile apps, and physical interactions, they collect customer information such as e-mail addresses at POS. Why integrate AsaanRetail’s POS It takes many instruments to operate a retail business. You've got your POS system, shopping cart for e-commerce, payment processor, accounting software, ERP, CRM, etc.  It will be difficult for you to find a single solution that really does all of the above well, which is why retail ecosystems are so important.  Do your retail business a favor and get all of it by integrating a free trial of Asaan Retail’s POS that keep data seamlessly flowing through your systems. 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 Use of technology breaking traditions in retail businesses Predict your customers using data! Pay through mobiles with POS! Post pandemic - High time to adapt POS Why integrate AsaanRetail's PO 4.9 /*! elementor - v3.7.2 - 21-08-2022 */ .elementor-widget-social-icons.elementor-grid-0 .elementor-widget-container,.elementor-widget-social-icons.elementor-grid-mobile-0 .elementor-widget-container,.elementor-widget-social-icons.elementor-grid-tablet-0 .elementor-widget-container{line-height:1;font-size:0}.elementor-widget-social-icons:not(.elementor-grid-0):not(.elementor-grid-tablet-0):not(.elementor-grid-mobile-0) .elementor-grid{display:inline-grid}.elementor-widget-social-icons 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.elementor-icon.elementor-social-icon{border-radius:10%}.elementor-shape-circle .elementor-icon.elementor-social-icon{border-radius:50%} 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

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Accounting Management

Use Profit and Loss Statement to Boost your Business

Use Profit and Loss Statement to Boost your Business How can a simple tool; the Profit and Loss Statement help you grow your business? Learn how you can strategize for success through POS accounting. One simple tool that aids in assessing where your business stands and which points you need to work on is the Income Statement or the Profit and Loss Statement. The journey from the present to the future that you see for your business holds many challenges. A profit and loss statement can greatly contribute to effective decision-making. This is because you often need to make decisions to determine the strategy that you need to adopt to ensure that you achieve the future you have dreamed of. It is widely known that financial accounting and reporting must be incorporated into business decision-making to ensure that you can effectively design an execution roadmap for your business.  Thorough financial statement analysis is quite important when it comes to helping boost your business. Specifically, for retail, modern solutions such as cloud accounting software help set measurable outcomes and determine the degree to which the objectives are attained. This article will discuss one component of accounting for retail operations: The Profit and Loss Statement. Here's how a Profit & Loss Statement can help you boost your business and make timely and informed decisions: Comparing Trends and Performance You can convert your Profit & Loss Statement into a powerful decision-making tool. If your P&L Statement is comparative, you can view the changes in your business over time. This will help you in comparing the expenses that your business incurs and the changes in profits. In case your business has seasonal performance, an effective Profit and Loss statement can help you gauge your performance from the same period in the previous years. Therefore, helping you assess if any strategy, marketing investment, or changes you have implemented have paid off. Deploying an Accounting Information System An accounting information system can help you divide your accounts into different accounting modules. Once you get an idea of your revenue-generating centers and which centers incur expenses, you can assess the percentage of revenue that each expense has. This includes both direct and indirect costs, which will provide you with a view of the business activities and how to minimize expenses to improve the profit percentage effectively to improve the profit percentage effectively. You can use a benchmarking approach to assess your performance compared to the industry average or benchmarking based on previous performance. An effective P&L Statement also groups expense categories. For example, staff and labor costs can be separated from other expenses to assess their revenue percentage. This can help in improving staffing decisions and managing labor costs such that maximum output is attained. A balance sheet can further help in assessing the ratio of liabilities to profitability. It is also a useful tool in determining the position of your retail business. Identify Well-Performing Business Units The P&L Statement can help you identify the business units that are performing efficiently. This can help you make future investment decisions. You can also compare the changes made, such as operational or functional level changes that might have resulted in a positive output. This might help you in implementing the same strategy onto other business units. On the contrary, it can also help identify underperforming business activities. You might decide to change the strategy of these activities or business units or discontinue underperforming units. Stage and Gate your Current Strategy If you have implemented a strategy, the stage-gate process or waterfall process can help you identify the performance of different strategy phases. These stages might have different decision-points at every step. A Profit and Loss Statement will help you compare the performance, so you can have an informed direction when making the decision. Thus, a P&L Statement also helps implement a strategy and not only just analyze pre-and post-implementation performance. Improve Reporting Time – Cloud-Based Accounting Software Cloud-based accounting software is being increasingly used by retailers all over the world. Accounting software helps in improving the efficiency of financial reporting. When the data is directly uploaded to the cloud via a POS accounting system, it is easy to get a real-time analysis of the performance. It helps track the strategy's effectiveness and thus, enabling you to make changes according to the response. It can help implement the strategy through a stage and gate process. Therefore, it minimizes your investment risk and helps you attain the success you are aiming for. How to do a Test Run for P&L Statement's Effectiveness? All in all, a Profit and Loss Statement can help you make informed decisions for your business. Thus, it is a powerful tool that can boost your business. The only condition is the effectiveness of this reporting tool. Asaan retail has a P&L statement and many other reports and tools that help you make informed decisions. You can customize the way you want your financial statements to be delivered so that you can better strategize at a functional, operational, or corporate level. What's better is that Asaan Retail provides a Free 15-day trial for you to gauge how Asaan Retail can maximize your business efficiency. So, 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 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 Use Profit and Loss Statement to Boost your Business Comparing Trends and Performance Deploying an Accounting Information System Identify Well-Performing Business Units Stage and Gate your Current Strategy Improve Reporting Time - Cloud-Based Accounting Software How to do a Test Run for P&L Statement's Effectiveness? 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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Accounting Management

5 Reasons you Need an Invoice Software More than Ever!

5 Reasons you Need an Invoice Software More than Ever! Online invoicing software is an excellent alternative to the old accounting systems and can save you a ton of time and money. According to Zion Market Research, it is expected that by 2026, the global e-invoicing market will hit $20,529 million, with a compound annual growth rate of 20.4 percent in the timeframe from 2019 to 2026. This upsurge is mainly driven by the incorporation of cloud-based technology by businesses, which lowers costs, improves productivity, and encourages sustainable business growth. 1) Paper to a paperless environment For more than 60 years now, the planet has been shifting in the direction of being 'paperless.' Electric invoicing solutions became the town's talk when this trend began in the '60s. This was the game-changing instrument the corporations wanted and this revolution changed the world forever in the next decades to come. A paper-based invoicing scheme has historically been used by corporations. Several still do. Using paper-based invoices alone provides organizations with one advantage, that of familiarity.  The demand for invoice management systems has risen over the decades, leading to the coding of electronic invoicing software, and all the major complexities, primarily software speed and performance capabilities, have become better day-by-day. 2) Ease in tracking sales Keeping track of the phase of sales has always proved difficult. Businesses encountered difficulties in keeping track of invoices, inventory, and other ways of getting products to consumers while charging them correctly in pre-digital days. In addition to handling all invoice-related activities effectively, the best invoicing applications should be capable of extending the following benefits:  1. The correct software solution will help streamline your billing and invoicing process and allow you to get and collect payments on time. Reduce late payments.2.Minimize missing payments. You ensure that you do not miss receiving any payments that will redundant to a good bottom line by correctly monitoring and tracking your billing commitments.3. A good solution for billing and invoicing will help improve the prestige of your company. Support for personalized logos and other design changes to payment documents and invoices is offered by most applications. To exude a professional reputation with your clients, you should put forward a structured and prompt approach.4. Help streamline the financial and accounting processes by automating significant activities. Through workers in the invoicing and billing department, you can cut expenses and save time that is spent following up and going after the late payers. 5. Minimize fraud and enhance protection. There are standards of bank-grade protection features for a good invoicing software solution to guarantee that the entire billing-to-payment process is secure from hacks or prying eyes. This is relatively better than manually planning the invoices and submitting them as e-mail attachments.   Any business owner can benefit from automating the process by using invoicing software. Depending on the business size and number of clients, it can save unimaginable time. When you have just started your own business, or are a seasoned professional running a business alone or with a skeleton team, having robust accounting software that includes invoicing software will also save you the work of an entire accounting team. 3) The right investment Investment in an invoicing solution that is both legal and productive is important for your business. It will help you save time, stay organized, and get paid instantly, with the right features. Although it is well known that good invoicing software will greatly boost the workflow, the frustrations of conventional solutions such as Word or Excel invoice templates are still being dealt with by thousands of small businesses. Where does the disappointment normally come from? The process of designing, recording, and arranging invoices is time-consuming and hard to handle. 4) Generate financial reports at one click Good accounting & invoicing software will give you the ability to produce financial reports that can be useful for viewing and interpreting the numbers if you are looking for a more comprehensive overview of your company finances over a particular period of time. 5) Time to get control of your business with Asaan Retail Integration A small business owner's life is busy. It's as demanding as it's satisfying, and not always to the same degree. You probably also find yourself pulled concurrently in several different directions. From keeping records to ensuring that the payments are all on track to finding out about the new regulatory changes and following up on customer late payments and those are just the boring administrative activities. It might be time to take control of your schedule and business with Asaan Retail. With another day of laborious manual invoicing, do not cause your business to slow down. Get your billing in order and get your business powered up with Asaan Retail’s digital invoicing solutions. 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? 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.elementor-icon.elementor-social-icon{border-radius:10%}.elementor-shape-circle .elementor-icon.elementor-social-icon{border-radius:50%} 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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Daraz

5 Tips to Effectively Manage the Daraz Seller Center

5 Tips to Effectively Manage the Daraz Seller Center E-commerce in Pakistan growing exponentially, you need these useful tips to effectively manage your ratings on the Daraz Seller Center. Daraz is one of the most popular e-commerce stores in Pakistan. After its acquisition by the Alibaba group, Daraz became the top choice for small, medium-sized, and large businesses to reach potential audiences. The Daraz seller center is a feature that allows sellers to register and manage their orders. Managing the Daraz Seller Center with Omni-channel Presence An omnichannel presence is a key to succeeding in the e-commerce world, where competition is staggeringly high.  Apart from being a Daraz seller, if you also run your store through Shopify or WooCommerce, it can be a hassle to manage all the platforms effectively. The performance card, operations details, promotional participation are all elements of the Daraz seller account. With Daraz having strict criteria for sellers, it is crucial to managing your orders efficiently, so you don’t get delisted from the platform and lose out on potential customers. Here are five tips to help you effectively manage the Daraz Seller Account to meet the Daraz Seller Center’s criteria and deliver a customer experience that adds value to your brand. 1) Manage your Inventory ‘Seller Picks’ is a criterion that requires you to attain at least 60% of the seller rating. Your products are featured on the bottom of the first page of relevant search results in case you do. It adds credibility to your products and increases your sales. A good rating also assures that you get approval to participate in sales, which increases the sales volume to a great deal. The ratings are dependent on other scores such as the cancellation rate, timely shipping, return rate, and product rating. Daraz allows just up to a 4-5% cancellation rate, after which your store is delisted from Daraz. If you can manage your inventory, you don’t have to cancel orders because of a shortage, nor will you lag on the shipping time. Also, you can choose the fulfillment by Daraz option to assure that you have stocked your inventory at the Daraz warehouse, so the purchaser receives the parcel within 24 hours. In the e-commerce business, you must know how delivery times are a factor that adds to your competitiveness. This, in turn, is bound to positively affect your product ratings too. 2) Managerial Capability in Daraz Sales   When you go to the Daraz seller login, upcoming sales notifications cannot be overlooked. Daraz flash deals, discounts, and special sales such as the 11.11 and the 12.12 sales are aggressively advertised on all media forms. As a result, Daraz sales get a lot of traffic, which means greater sales volume for those participating in them. However, one tip to effectively sell on Daraz through these sales is making sure that you have the managerial capacity to manage these orders. High sales volume means a greater chance of errors too. Therefore, this is the time that can make or break your brand. Any bad reviews during these sales might topple the reputation that you have established previously. Great customer service during sale participation also increases your brand value, therefore, assuring that you attain greater performance levels all year round. 3) Customer Feedback is the Six Sigma Key In an online shopping platform such as Daraz, the competition is quite high. To increase your brand value in an intensely competitive environment, it is great to adopt a Six Sigma practice. It means that each sale should be better than the previous one. The only way to achieve this is by following customer feedback. User-generated content, opinion, and suggestions offer an insight into what the target audience wants and how you can enhance your products, services, and processes to best meet the customer criteria. This will not only help you increase your seller rating on the seller centre Daraz but also increase the customer loyalty that can be cashed outside of Daraz. E-commerce businesses do not only build on the sales platforms but establish enough brand value to increase traffic on their website. This helps in generating an organic customer base and stay on top of the customer’s mind. 4) Work on Customer Service Much like your website or brick-and-mortar store, Daraz is a platform where your mere presence is not enough to benefit from it. While the Daraz processes are a big part of the customer experience, you can manage the customer service to add points to your seller and product ratings. Daraz, like several other platforms, is a way to connect with the customer directly. While Daraz is managing deliveries, there might be times that the customer experience is not good. In this case, communicating with the customer as well as responding to their bad reviews is a great way to show potential customers that you care about the customer. It will also keep from impacting your image in the view of the affected customer. In this way, businesses can also deal with customer queries promptly assuring that the customer is satisfied, and the conversion rate is good. It will also establish accurate customer expectations, so the return rates are not high. Daraz delists sellers with high return rates, so it is better to be cautious in managing your customers rather than earn a bad repute. 5) Consolidate your E-commerce Stores You are well aware how hard it can be to effectively manage the Daraz Seller Center while keeping in view different factors such as cancellation rates, seller ratings, customer feedback, and customer service. At the same time, it is quite important to have a strong online presence in this era of competitive retailing. This is only possible through multi-channel presence, though managing them all together can be a challenge. In this case, services like Asaan Retail offer a simple solution: consolidating and managing your e-commerce channels from a single platform. It not only allows you to manage your inventory on different channels simultaneously but also simplifies accounting for sales on multiple channels. Learn more about how you can integrate your Daraz Store with Asaan Retail in 3 simple steps and manage your orders, inventory, change rates, and handle customer complaints from Daraz, Shopify stores, and WooCommerce altogether. Asaan Retail also offers a FREE 15-day trial, so you can forget the hassle of managing your Daraz Seller Center, website, and other channels and focus on growing 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 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 5 Tips to Effectively Manage the Daraz Seller Center Managing the Daraz Seller Center with Omni-channel Presence 1) Manage your Inventory 2) Managerial Capability in Daraz Sales 3) Customer Feedback is the Six Sigma Key 4) Work on Customer Service 5) Consolidate your E-commerce Stores 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

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Daraz

Staying competitive in Daraz Marketplace with Asaan Retail

Staying competitive in Daraz Marketplace with Asaan Retail Daraz is a pool of millions of sellers but only competent sellers who have an efficient Daraz Marketplace Integration stand out. Know why! Daraz has seen a massive increase in growth since being acquired by Alibaba, the Chinese e-commerce behemoth, in 2012. Daraz's top priority is to ensure that all of its logistics, vendors, and facility centers work together to provide consumers with a fun and easy online shopping experience. To stay on top of this fast-growing market, an efficient Daraz Marketplace Integration is important. Successful eCommerce and online retail brands rely on an efficient inventory management system. Companies can achieve inventory management benefits by adopting a strategic strategy that optimizes the process of overseeing and maintaining inventory, providing real-time data on inventory conditions and levels. Accurate Order Fulfillment Just imagine a consumer places an order, and the order is processed by an eCommerce brand on the Daraz marketplace. The product is sent to the factory, where the brand learns that it is out of stock. Alternatively, the eCommerce company can ship the wrong order. If the inventory isn't handled correctly, this isn't an unusual situation. Brands can prevent inaccurately filled orders, high return volumes, and a loss of customer base by taking the time to create a more detailed strategy. Better Inventory Planning It's difficult to determine which goods are needed if there's no way to say what's already on hand. If online retailers do not properly manage their existing inventory, they may easily overstock products, which may or may not be good sellers. These issues are mitigated by Daraz marketplace integration, which allows warehouse managers to replenish inventory only when it is needed. It saves both space and money. Accuracy in Inventory Order Good inventory management necessitates accuracy in product orders, status, and monitoring. A good fulfillment partner would have real-time tools and processes in place to ensure that no product is lost in the middle of the operation. Increased Efficiency and Productivity With proper Daraz marketplace integration management in place, less time and resources are spent handling inventory, and more time and resources are available to be allocated to other fields. Tracking and fulfillment activities are often aided by technology, which ensures that inventory records are reliable. Save Time and Money Good Daraz Marketplace Integration with Asaan Retail POS management saves time and money by improving ordering quality, performance, and product flow. Repeat Customers Effective inventory tracking and monitoring prevent consumers from receiving inaccurate or defective items. This improves the customer experience, protects against problems like refunds, and encourages repeat purchases. Major advantages of Daraz Marketplace Integration Find out how you can stay ahead of your customers with an efficient inventory management integration: Upload Products Through Asaan Retail, you can make product profiles and allocate items to them. Right attributes will be mapped during the product upload this way. Stock Update As soon as the store's stock status is updated or Daraz ships an order, the stock status on Daraz.com is automatically updated. Product Category Mapping Using a many-to-one category mapping approach, you can sell with ease. It allows you to map multiple store categories to a single Daraz category. Synchronize Inventory Your inventory and product listing (including all details) are automatically synchronized between your Asaan Retail store and Daraz.com at regular intervals. Daraz Order Management Order acceptance and cancellation are no longer a hassle. Order delivery is made simpler with centralized order management. Product Management All product-related activities will be automated, so product upload, product archive, and product viewing through the bulk management system will no longer be time-consuming. Asaan Retail's Daraz Marketplace Integration A good inventory management system helps you to respond quickly to market demands and ensures that you don't have too much or too little stock, which are both bad scenarios. To get all of these benefits in one inventory management system, integrate the intelligent Asaan Retail’s POS as Daraz Marketplace Integration and see your business prosper! 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 Staying competitive in Daraz Marketplace with Asaan Retail Major advantages of Daraz Marketplace Integration Asaan Retail's Daraz Marketplace Integration 4.9 /*! elementor - v3.7.2 - 21-08-2022 */ .elementor-widget-social-icons.elementor-grid-0 .elementor-widget-container,.elementor-widget-social-icons.elementor-grid-mobile-0 .elementor-widget-container,.elementor-widget-social-icons.elementor-grid-tablet-0 .elementor-widget-container{line-height:1;font-size:0}.elementor-widget-social-icons:not(.elementor-grid-0):not(.elementor-grid-tablet-0):not(.elementor-grid-mobile-0) .elementor-grid{display:inline-grid}.elementor-widget-social-icons 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.elementor-icon.elementor-social-icon{border-radius:10%}.elementor-shape-circle .elementor-icon.elementor-social-icon{border-radius:50%} 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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Daraz

How Daraz Online Shopping has Transformed the Retail Landscape

How Daraz Online Shopping has Transformed the Retail Landscape In 2012 the Daraz online shopping model began the revolution of the e-Commerce sector in Pakistan In 2012, Daraz was founded and the Daraz online shopping model, which was a copy of Amazon, began the revolution of the e-Commerce sector in Pakistan. In 2021, the eCommerce market revenue is expected to grow to US$ 5,409 million. Pakistan is one of the most unrealized ecommerce markets in the world. The Daraz Online Shopping Revolution In the recent years after Alibaba’s purchase of Daraz, it has revolutionized the way businesses are conducted. It has also increased the competition immensely. Those who only have a brick and mortar presence lack a potential channel that can add to their growth. Furthermore, just having a website, or a few channels for sales is not enough in this changing landscape. Here are some features of Daraz that you, as a retailer or businessperson should know about: Daraz App The online shopping Daraz app is a feature that attracts buyers to purchase. Since most of the online shopping is now done through phones, the application is something that prompts buyers from time to time to check out the latest deals. This means that participating in deals and flash discounts can be beneficial for the business. In the business world, it is now critical to be present where the customer is. Daraz has transformed the buying habits of the consumer. Convenience is now a critical success factor for businesses which is what Daraz offers. Daraz Business Model Daraz offers a platform to sellers to showcase their products. In return, Daraz offers them warehousing facilities, shipping facilities, and access to a large customer base. Sellers are not charged any membership fee. Though Daraz charges a commission on each sale based on the category the product belongs to. It ranges from 17% to 0%. Medical supplies, charity, and donations are not charged a commission. Furthermore, in the recent times, because of poor seller ratings and performance, Daraz has toughened their seller criteria. Receiving and managing orders through the seller centre and maintaining the performance score is very important to stay listed as a seller. Daraz also launches a lot of flash deals, discounts, and offers which are advertised on television. Sellers needs to be qualified a set of criteria to participate in these deals.  Daraz Seller Shop The Daraz seller centre is a dashboard for sellers to track their orders, their performance, and buyer responses. It is essential to maintain performance at the Daraz seller centre which includes minimizing orders cancelled by the seller, ratings by the buyer, and on time shipping. The seller performance is also a criterion for participating in the largely advertised sales by Daraz such as the 11.11 and the 12.12 sale. Once you begin selling through the platform, sellers can also avail their warehousing services. Daraz charges a fee for this but gives an advantage to the seller in the form of 24-hour delivery of the package. This is one feature that businessowners can use to make their offerings more competitive. Here is a great article on how to effectively manage the Daraz Seller Center. Marketplace Integrator Managing a channel apart from a website or a physical store can be tough. This is because maintaining the performance, alongside managing inventory and shipping on multiple channels is complex. Inventory management across multiple channels is critical to maintain a positive image. Furthermore, customer service and query resolving can help improve the businesses’ value. In this case, a marketplace integrator like Asaan Retail can help in consolidating the data from multiple channels including the over-the-counter sales. It makes inventory management a breeze as well as keeps track of the receivables from Daraz and different courier services that you may be using for your business. Once you manage your inventory well across these channels, the number of cancelled orders reduce, automatically improving your performance. The Daraz online store is a channel that is becoming increasingly critical to the success of businesses in Pakistan. Marketplace integrators like Asaan Retail are also making it convenient and simple to run a business on multiple channels effectively. Check out the free trial that Asaan Retail is offering to help you understand how it can revolutionize the efficiency of your business and ease the process of reaching the customer through multiple channels. 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 How Daraz Online Shopping has Transformed the Retail Landscape The Daraz Online Shopping Revolution Daraz App Daraz Business Model Daraz Seller Shop Marketplace Integrator 4.9 /*! elementor - v3.7.2 - 21-08-2022 */ .elementor-widget-social-icons.elementor-grid-0 .elementor-widget-container,.elementor-widget-social-icons.elementor-grid-mobile-0 .elementor-widget-container,.elementor-widget-social-icons.elementor-grid-tablet-0 .elementor-widget-container{line-height:1;font-size:0}.elementor-widget-social-icons:not(.elementor-grid-0):not(.elementor-grid-tablet-0):not(.elementor-grid-mobile-0) .elementor-grid{display:inline-grid}.elementor-widget-social-icons 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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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