Sellerpluss

Top Marketplaces to Sell in India

sellerpluss — Wed, 06 Sep 2017 11:18:55 +0000

Based on our Experience, here are the top marketplaces to choose to sell on and why

Topping the list is Amazon, and here is why

Gives you Good Sales
Quick Payments made on time
Has a Dispute resolution system better than the others

Next in Line is Flipkart, which of course tops Amazon in certain categories and heres why you should be present

Decent Sales
Payments on time

If you are a Seller in Fashion Category then Myntra is one portal you must be present. However its not exactly a marketplace and you will go live once you get in touch with the Onboarding Team there.

This is followed by Paytm which again drives you sales based on your products and your interaction with their category team.

Shopclues is next followed by a bunch of other marketplaces like Limeroad, Voonik and others.

Firstcry and Hopscotch for anything related to Baby & Kids.

It is always good to start with Amazon, Flipkart, Myntra & Paytm and then move on to the others. Many sellers are comfortable selling only on Amazon and Flipkart. However, a multichannel strategy can always give you a strong sales bottomline.

What a Good Payment Reconciliation should have

sellerpluss — Mon, 28 Aug 2017 19:24:28 +0000

For all the effort and time you put to sell online – right from photography to dispatch, it all comes down to the Profits you are making for that. A few damaged returns or the marketplace just not paying you for a few orders can make a huge difference to your bottom line. That is why it is important to make sure you have a detailed payment reconciliation to keep a track of what you are making.

Here are a few important things that a Payment Reconciliation Report must have

It should be a Item Wise (SKU) Break Up Reconciliation
It should show all the marketplace deductions – Commissions, Closing Fees, Shippping Charges, Taxes etc
Percentage payout of the total order is a good indicator of Payout Amount
Returns and the Return Charges
Any other Deductions or Reimbursement apart from Sale Orders
Match up of the Amount Claimed settled by marketplaces with the Amount transferred to Bank Account
Highlight of the discrepencies in any charges or Payout

If you want more details regarding the same or want to get your payment reconciliation done, do get in touch [email protected]