Showing posts with label guide. Show all posts
Showing posts with label guide. Show all posts

Monday, 28 October 2019

The Ultimate Guide to Selling on Amazon in 2019

You might think most consumers start their online shopping sessions with a visit to Google, but according to a poll conducted by NPR and Marist, Amazon is actually the most common starting point for online shoppers.

With 44% of shoppers starting on Amazon (which is 11% more than Google) and 40% of Americans buying products on the website at least once every month, Amazon has become the central hub for online shopping.

If you’re in the eCommerce industry, selling on Amazon is your best bet for maximizing your reach and, ultimately, your revenue. To help you set up shop on Amazon, we’ve created this ultimate guide that'll teach you how to list your products, set up your shipping options, promote your products, manage your reviews, and analyze your performance. Read on to learn how to sell on the eCommerce platform in 2019.

1. Figure out if the product you want to sell needs approval from Amazon.
On Amazon, there are 20 categories open to all sellers, so if you want to sell products under any of these categories, you don’t need approval from Amazon. However, there are 15 categories that do require approval from Amazon, so if you want to sell products under any of these categories, you need to apply for a Professional Selling Plan subscription.

Amazon limits the number of sellers in each of these categories because they want to maintain the quality of their products. So if you believe your products are up to par and want to sell them under these categories, you need to request approval from Amazon by filling out their application. Amazon will let you know if they’ve approved you or if they need additional information from you in up to three business days.

Here are two lists of Amazon’s product categories that are open to all sellers or require approval.

Product Categories Open to All Sellers

1. Amazon Device Accessories

2. Amazon Kindle

3. Baby Products

4. Beauty

5. Books

6. Camera & Photo

7. Cell Phones

8. Clothing & Accessories

9. Electronics

10. Handmade

11. Health & Personal Care

12. Home & Garden

13. Musical Instruments

14. Office Products

15. Outdoors

16. Software & Computer Games

17. Sports

18. Tools & Home Improvement

19. Toys & Games

20. Video Games & Video Game Consoles

Product Categories That Require Approval From Amazon

1. Automotive & Powersports

2. B2B Business Products

3. Collectible Coins

4. Fashion Jewelry

5. Fine Jewelry

6. Fine Art

7. Grocery & Gourmet Food

8. Industrial & Scientific

9. Luggage & Travel Accessories

10. Personal Computers

11. Professional Services

12. Shoes, Handbags, & Sunglasses

13. Sports Collectibles

14. Video, DVD, & Blu-Ray

15. Watches

2. Pick a selling plan that suits your business model.
Amazon offers two selling plans: the Individual Plan and Professional Plan.

If you choose the Individual Plan, you’ll pay Amazon $0.99 for every item you sell plus referral and variable closing fees. According to Amazon, the Individual Plan is best for sellers who sell less than 40 items per month.

If you choose the Professional Plan, you can sell an unlimited number of products while only paying Amazon a subscription fee of $39.99 plus referral and variable closing fees. According to Amazon, the Professional Plan is best for sellers who sell more than 40 items per month.

3. Register for a seller account and list your products.
To register for a seller account on Amazon, visit Amazon Seller Central and click the “Start selling” button. Amazon Seller Central is also where you’ll manage your selling account.

After you’ve created your account, you can start listing your products on Amazon. If you have the Individual Plan, you can add one product to the Amazon Marketplace catalog at a time. If you have the Professional Plan, you can add batches of products to the catalog.

Additionally, if you’re selling products that are already listed on Amazon, all you have to do is tell them the amount of product you plan to sell, the condition of your product, and its shipping options.

If you’re selling products that aren’t listed on Amazon yet, the process is a little more complicated. You have to tell them what each of your product’s universal product code (UPC) and stock keeping unit (SKU) is and then list each product’s features on Amazon, like its title, description, and price.

If you don’t know what a UPC is, it consists of a 12-digit numeric code and a barcode. The American branch of GS1, an organization that develops and maintains global business communication standards, assigns a permanent UPC to a product for its entire shelf life. So even if multiple retailers sell the product, it’ll still have the same UPC at each store. For example, every box of a certain brand’s blackberries will have the same UPC at every store they’re sold at.

A SKU is similar to a UPC, but it differs from it by being a distinct string of letters and numbers that helps retailers identify every product in their inventory and each product’s specific traits, like its manufacturer, brand, price, style, color, and size. Retailers create their own internal SKU codes to quickly and accurately pinpoint and track every single piece of inventory in their retail stores, e-commerce stores, catalogs, warehouses, and product fulfillment centers.

4. Set up your shipping options.
Even if you sell on Amazon, you’ll always have the option to ship products on your own. But Amazon offers a truly unique and advantageous shipping service for all their sellers that’s incredibly hard to pass up -- Fulfillment by Amazon. With Fulfillment by Amazon, all you have to do is send your inventory to an Amazon fulfillment center and they’ll store your products, package them, and ship them to your customers.

Signing up for Fulfillment by Amazon also makes your products eligible for Amazon Prime free two-day shipping, free shipping, and customer service and returns. Shipping costs are already included in your seller plan, so all you have to pay for is storage space and and a fee for each order Amazon fulfills.

5. Sell and promote your products.
After you’ve set up your shipping options, you’re ready to start selling on Amazon. To attract as many potential customers as possible, make sure to craft compelling product listings that have clear and concise titles, benefits-rich descriptions, and vivid pictures.

If you want to increase your products' visibility on Amazon, consider running sponsored product ads directly on the platform. These ads are pay per click and will be placed alongside people’s search results. Amazon also offers an automatic ad targeting tool, which leverages their search algorithm to suggest a list of potentially lucrative keywords that you can bid on and promote your products through.

Once people buy your products on Amazon, they’ll deposit payments into your bank account on a regular basis and send you a notification when they pay you.

6. Encourage reviews.
Reviews are crucial for driving sales on Amazon. The more reviews you have, the more credible and trustworthy customers will perceive your products to be. Fortunately, Amazon lets sellers send follow up emails to customers after they order one of their products and ask for product reviews. They even let you automate the process, but Amazon also requires you to follow a strict set of guidelines, which don’t allow you to include marketing messages, link to other websites, or ask for, demand, or incentivize positive reviews in these emails.

In 2016, Amazon banned incentivized reviews -- which were customer reviews given to brands in exchange for a free or discounted product as long as the reviewers revealed they received an incentive for their feedback. These incentives were artificially inflating brands’ average ratings, so Amazon decided they needed to level the playing field. With this in mind, don’t even think about trying to incentivize a positive review. Just send your customers emails that politely ask for a candid product review.

7. Analyze your performance.
On your Amazon Seller Central account, you’ll have access to a sales dashboard, which displays a snapshot of your orders for the day, quantity of units sold, the amount of sales you’ve generated for the day, and other metrics.

You’ll also have access to business reports that display metrics like sales by item, sales and orders by month, page views, brand performance, inventory in stock, and more.

Additionally, you’ll have access to a “Compare Sales” graph that can compare any day’s sales to each other, which helps you discover seasonal trends and patterns.

Finally, you’ll have access to a sales reporting tool that can pull any of your account’s metrics to produce a graphical representations of your sales data. This’ll help you truly grasp how your Amazon account is performing.

Article Source: https://blog.hubspot.com/marketing/how-to-sell-on-amazon
Originally published Jan 14, 2019 7:00:00 AM, updated September 09 2019

Thursday, 26 September 2019

Ish Jindal: A Comprehensive Guide for using Chatbots in your Restaurant

Dominos, TGIF and Pizza Hut all have chatbots and you can too.

Early last year, a high-level Uber executive named Chris Messina claimed that 2016 would be the year of conversational commerce. If you don’t know what that means, then you are normal.

But if you work in the restaurant industry, you should definitely change that.

Silicon Valley has an uncanny habit of creating new tech trends that turn industries on their heads. Conversational commerce is one of those tech trends and the restaurant industry is one of its first targets.

This is your comprehensive guide on why this is the case and how you can get ahead of the curve.

Here’s how this is article is structured. In the sections 1 and 2, I am going to explain what conversational commerce is and why there is growing buzz around it in the tech space. Skip to section 3 if you already know all of this. In section 3, I will discuss what this new tech trend means for the restaurant industry in particular. Finally, section 4 will give you resources you need to get started.

Enjoy!

1. What is conversational commerce?
The term sounds jargony at first, but when you break it down to its fundamental parts, it is fairly basic. Conversational commerce is the process of conducting business by talking to someone. The vast majority of business conducted in human history has been conversational commerce.

If you have ever gone to a corner store, pharmacy or a shopping mall and talked to any of the store attendants you have engaged in conversational commerce.

It can even occur over distances. Ever ordered food through the phone? Or chatted with someone to buy something from them? Those count as conversational commerce as well.

2. Why it matters
There are three reasons you should care about conversational commerce:

Reason 1: The growing popularity of messaging apps.
Think about all the apps you use everyday. A messaging app surely figures near the top of the list.

Unsurprisingly, this is the case for most people with a smartphone. The chart below shows the number of people using the top 4 messaging apps vs the number of people using the top 4 social media apps over time.

In 2015, the top messaging apps overtook the top social network apps in usage by a wide margin.

Implication 1: Your customers are devoting hours of their attention to conversational apps.

Implication 2: Your customers are used to the chat interface because they use it on a daily basis (you will find out why this is important in Section 3).

Reason 2: The proliferation of platforms that allow customer interaction.
The potential of conversational commerce has not gone unnoticed by companies in the space. In the year after Messina’s statement:

Facebook introduced its Messenger bot platform which allows Facebook pages to create automated chat experiences with users
Kik, Telegram and Line developed their existing bot platforms further
Viber opened up public accounts for companies to talk to people
iMessage added apps within chats.
Seemingly WhatsApp is the only big chat app missing in action (as an Indian this makes me sad), but even they have announced plans for commercial accounts soon. In fact, they are already doing beta testing of commercial accounts with a few businesses now.

Implication: You can now easily interact with your customers in the apps that they use most.

Reason 3: The Increasing capability of Artificial Intelligence.
Conversational commerce has always been hampered by the need for human labour. We get tired, we can only talk to one person at a time, we get stressed out, and most importantly we need to be paid. This makes us too expensive and slow for certain tasks.

Till recently, the solution has been to get customers to serve themselves. Think about travel booking as an example. We have shifted from a model of asking travel agents to bundle flight and hotel bookings for us, to doing it ourselves using the plethora of online hotel and flight booking sites available at our fingertips.

Why? Because we can instantly book flight tickets and hotel rooms on Expedia for cheaper than any travel agent could afford to charge (There is a great piece explaining this shift better and more in-depth that you should check out if you have the time. Here is the link)

Artificial Intelligence (AI) is slowly enabling us to shift back to a paradigm where the user does less on their own. An ideal AI travel assistant would be able to take your travel requirements and book all the flights and hotels you need in one bundle like a travel agent. Unlike a travel agent though, they could do it instantly like an app and for cheaper because there is no human that needs to be paid sitting at the back. Computers cease to be a tool used to do something yourself and more an assistant that is doing things for you.

Before you get too excited we are still a few years away from such a travel assistant. But the underlying AI technology is becoming cheaper, more advanced and readily available. Google, Facebook and IBM all have AI resources available for anyone to use right now.

Implication: Conversational Commerce is becoming cheaper to engage in.

A Quick Note on AI
There are two caveats to consider when thinking about AI. First, AI as it is currently available is still quite raw.

Second, if you are willing to sacrifice the complexity of the interaction, you do not need AI to create a good and cheap conversational commerce experience.
You’ll find out why conversational commerce is still beneficial without AI in the next section.

3. How can restaurants use this tech?
Restaurants are arguably the pioneers of conversational commerce. One of the only reasons I still use my smartphone to make calls is when I am ordering food. But even this basic use case could stand to be improved significantly by new technology. The primary new channel through which conversational commerce can occur is chatbots.

A chatbot is a piece of software that can respond to a customer’s messages in a chat interface using either AI or pre-programmed rules. The examples we gave above of the AI fail and the hotel booking were both examples of chatbots.

Where can customers find them?
Customers can interact with them in popular messaging apps that support chatbots (FB Messenger, Telegram, Line, Kik) or even on your website.

The most obvious use case for such a technology is for food ordering. Users could use a food ordering chatbot much like they would a phone ordering system except instead of talking to a staff member they chat with the bot.

Another possible use could be a chatbot for taking feedback. Bangalore based food chain Bhukkad uses a conversational feedback form for their delivery orders. You can read more about their experience here or check out the bot that they use over here:

Real-world Examples of Restaurant Chatbots
The three most prominent users of chatbots in the restaurant space are Domino’s, TGI Friday and Pizza Hut. Dominos and Pizzahut use it for food ordering and TGI Friday for making reservations.

What are the advantages of a chatbot?
This is a natural question to ask. All of the examples above could be implemented through an app or a website so why use a bot?

Let’s break it down:

Bots require no extra downloads
Bots have one clear advantage over apps in particular. Customers do not have to download anything extra to use a bot. If you use GrubHub for delivery and a customer has Eat24, the probability that the customer downloads Eat24 just to order from your restaurant is quite low. The average American downloads 1 app per month. In developing market like India, where people have cheaper phones with less memory, the probability becomes lower.

As Cliff Kuang from FastCo Design put it

There’s an enormous amount of friction associated with learning about a new app, downloading it, signing up for it, and then remembering you even have it.

Since users can interact with bots in messaging apps they already have downloaded or in a web browser, the chance of them completing an order goes up.

Chat is mobile optimised
Regular websites don’t fair too much better than apps. While you don’t have to download anything extra to use a website, many websites have a tendency to suck on people’s phones. If they aren’t built correct, they can be slow, clunky and unresponsive. If they aren’t optimised for the phone screen, users can spend ungodly amounts of time pinching and zooming on the screen to figure out what is going on. Even if you do invest enough money to build a good website, the user’s internet connection could give out reducing your beautifully designed site to a continuous stream of loading screens.

Chatbots don’t face these problems. First, chat as an interface was designed with the mobile user in mind. So whether you implement it through an app or your website, the user can easily see what is exactly going on at all times.

Second, if you build a bot within a messaging app like FB Messenger, you can trust Facebook’s highly paid and highly trained UI team to make the interface responsive.

Finally, since each chat interaction happens on a single page the customer never needs to interact with a load screen.

The chat interface is familiar
Every website and app looks different. Even if you convince a user to use one of them, they have to learn how to navigate their way around. Look at the Domino’s website and bot again. With the website there is so much happening on the screen you do not know where to click.

With the bot on the other hand, the customer knows exactly what to do. The interface is similar to one they use everyday.

Chat feels more human than apps and websites
When a customer interacts with a bot and an app the two experiences feel very different even if they achieve the same thing. Using an app feels like using a tool to achieve something, while using a bot feels like the computer is assisting you through a process.

Before you start building… (Read this whole section. It is very important)
There are two things to consider before you start building your bot. First, I would think long and hard about what function your bot will serve. Remember that AI technologies are still very raw so the tasks a customer gets done through a bot cannot be too complex. Also, in my personal experience of using bots everyday, I have found that the best bots tend to be those which do one or two tasks really well. Add too many tasks and the user can get easily confused because you have to run through far too many menus. I wrote a whole other piece on this that you should check out for a better understanding (Chris Messina recommended it so I promise it is good).

Second, I would try and figure out which platform you want to build your bot on. This will depend largely on where your customers are. Facebook Messenger is fairly universally used so bot developers tend to gravitate towards it. But if you are in a region where another messaging app is popular then build a bot on that platform (Line, Kik, Telegram, etc).

Also consider a bot on your website as an option. Website bots offer two advantages of their app based counterparts. First, in a lot of developing markets, like India, people do not like using Facebook Messenger because it uses too much data and runs very slowly on most phones. In a case like this, you could build a bot on the preferred messaging app in the region or on your website (this is especially true if WhatsApp is the preferred messaging app in your region because WhatsApp does not support bots). Second, Messenger (and Kik and Telegram) bots all face a discovery issue. People do not know how or where to find them. Your website on the other hand is already getting traffic and people can easily run into them on Google. But be warned, if you make a web-based bot it is harder to send users notifications once they have left the site. This could be a downside if you want to ping your customers with discount coupons over time.

Article Source: https://hellotars.com/blog/restaurant-chatbot-guides/