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You’ve probably heard the age old financial advice to diversify or to put it another way, don’t put all your eggs in one basket. This principle of diversification isn’t just sage advice for investors but also for online retailers. As e-commerce retail continues to grow (15.1% last year alone), online marketplaces are becoming a go-to choice for consumers with 50% of online retail sales occurring on marketplaces. For most retailers the question is no longer, “should I sell on a marketplace?”, but rather, “how many marketplaces should I sell on?”. Here are 3 reasons why you should sell on more than one online marketplace: Read More

This is a guest blog post written by inventory management provider eComdash

One of the toughest parts of running an ecommerce business is inventory management. It’s also one of the most important elements. When inventory is not managed effectively, business owners can’t forecast sales accurately, potentially leading to shipment delays and dissatisfied customers.

Forecasting is not the only area affected by inventory mismanagement, cash flow is impacted as well. Carrying too much stock ties up money needed elsewhere, and not having enough inventory leads to overselling. Both scenarios affect your bottom line.

Implementing a robust and effective inventory management process helps accurately track stock levels, forecast future sales, and optimize purchase order processes. It reduces the likelihood of overstocking, under-stocking, and overselling – factors that influence how your business thrives.

To help get your inventory management operation on track, we’ve put a few tips together to streamline the process. Read More

Cross-border sales are growing rapidly, which country is right for your business?

Here’s the deal, modern consumers are savvier these days. The speed in which they are able to search, review, and buy products are made seamless because of where retail is happening–online. eMarketer estimates that ecommerce will account for 14.6% of total worldwide retail sales, topping $4 trillion by 2020. But we already know that. So what’s the real story? According to Forrester, cross-border transactions will outpace domestic transactions at a compound rate of 17% between 2017 and 2022. Read More

The Eggie Awards – Newegg kicks off 2017 by recognizing and thanking the partners who made 2016 a successful year.

Silicon Valley’s Thomas Middleditch hosted Newegg’s 13th annual Eggie Awards, held at the Omnia Nightclub at Caesar’s Palace in Las Vegas on January 5th. The Eggie Awards are accolades presented by Newegg, recognizing vendors, partners, sellers, and customers for their excellence and contributions to Newegg. The event brought together notable companies such as Intel, Samsung, Indiegogo, and Adorama to name a few. Throughout the evening, Middleditch entertained attendees by cracking jokes about his personal enthusiasm for PC’s and gaming during his youth, while industry leaders enjoyed themselves to cocktails and music.

A total of 40 Eggies were handed out. And the winners are…