According to Statista, in 2019, retail eCommerce sales worldwide amounted to 3.53 trillion US dollars and e-retail revenues are projected to grow to 6.54 trillion US dollars in 2022. Online shopping is one of the most popular online activities worldwide.
It is important to evaluate your business on a regular basis to ensure that you are on track to succeed. One of the most integral parts of your business is inventory management. It is important to pay attention to your order fulfillment process. Any order delays can adversely impact company reputation and branding. Having a reliable inventory management process also…
Crowdfunding is the collective effort of a large number of individuals who network and pool small amounts of capital to finance a new or existing business. There are two factors that make ours the age of crowdfunding. First is the power of numbers. The second is the power of ideas. The global crowdfunding market size was $84 billion as of 2018 and is expected to reach $114 billion by 2021 according to smallbizgenius.
After successfully launching a crowdfunding campaign and the production of your product is finalized, what is the next? Getting your products to your backers as soon as…
What is Fulfillment by Amazon (FBA)?
FBA means Fulfillment by Amazon, which is a subscription service Amazon sellers can pay Amazon to use. It covers storage, shipping, customer service, and returns for your sales on the marketplace. A key element of FBA is that Amazon holds your inventory. You can choose between FBA vs. seller fulfilled on a product-by-product basis, based on your preference, cost levels, and shipping delays.
Pros of using FBA
What is Crowdfunding Fulfillment?
Basically, crowdfunding fulfillment is the entire process from the storage of your backer rewards in warehouses owned by your fulfillment partner, to the delivery at your customers’ doorstep, for crowdfunding campaigns. Wherever in the world these backers maybe, your crowdfunding fulfillment partner provides you with a couple of shipping options, couriers and prices to efficiently and successfully deliver your goods worldwide. Shipkoo’s crowdfunding fulfillment solution helps you to make the entire process fast and easy. Start delivering results today with Shipkoo.
How to Deal with Crowdfunding Fulfillment Effectively?
It is important to negotiate with your manufacturers…
A crowdfunding campaign is essentially a presentation to the thousands of people located on the platform. This in turn helps them learn more about the product or service you are looking to launch. A crowdfunding campaign is a popular way to raise money for any cause — they have a broad reach and bring different people from all over the world together. Below, we take you through some of the Internet’s best crowdfunding sites.
Kickstarter is one of the biggest names when it comes to crowdfunding, known for helping tech and creative entrepreneurs fund their projects before getting a loan…
Looking back at 2020, the economic world has undergone major changes. COVID-19 epidemic, Brexit, and the change of the US president, etc, these big changes will all affect the development pattern of cross-border industries. Now that 2021 has started, what are the opportunities for cross-border eCommerce sellers this year?
Asia-Pacific nations signed the Regional Comprehensive Economic Partnership (RCEP)
The speed of signing the RCEP agreement is enough to prove how severe the economic impact of the epidemic is on ASEAN, Japan, South Korea, Australia and New Zealand and other countries. Now they urgently need the Chinese market to help stabilize…
What is shipping APIs?
The term API stands for Application Programming Interface. It is an intermediate link between two applications that allows them to communicate with each other. When it comes to eCommerce fulfillment, a shipping API integration is especially important. It gives brands the ability to integrate shipping functionality directly into their online stores and platforms, helping simplify the checkout and shipping process.
In sum, Shipping APIs are an integral part of creating a positive eCommerce customer experience since they help automate the most complicated aspect of online shopping.
Benefits of an API
Manual dependency is reduced and you can…
2020 is the best year for the e-commerce market in more than a decade. The growth of eCommerce has undergone rapid changes, and online eCommerce platforms have captured most of them. In general, this year is also the most successful year for sellers and brands that conduct transactions through these eCommerce platforms.
According to the market overview and hot trends of cross-border eCommerce platforms in 2020 released by Marketplace Pulse recently, we can know the following important data (partially listed):
Overview of the 7 mainstream cross-border eCommerce platforms
With the vigorous development of e-commerce during the epidemic, to some extent, Amazon…
All goods entering the UK must pay customs duties and there is no exemption. All goods entering the UK must provide the corresponding VAT number for the customs inspection (currently there is no specific inspection plan, so the same delivery model as before is still maintained. )
For goods over 135 pounds, customs clearance is carried out by general trade clearance, which is the customs clearance method mentioned in our previous blog.
This plan will be integrated with the platform, which has regulatory obligations, and the platform also completes the obligation to collect VAT as the subject of the declaration.
The UK tax reform measures, which will take effect on January 1, 2021, aim to maximize the collection of VAT contained in eCommerce sales to ensure the fairness of tax costs between overseas eCommerce and local companies. There are only a few weeks to count down before the measure. The obligation for customs clearance of goods moving between the UK and the EU will start when the transition period is over.
In this case, it is important to know more about the specific calculation method of Duty and Value added tax(VAT) in the EU especially if your target market is…
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