General Article

The Benefits of Inventory Management Software

Just about everyone has sold something on the internet at some point in their life. If you have never done this, you are a rare breed of cat indeed. Chances are good that you used one of the larger, more popular online marketplaces like Amazon, Ebay, Letgo, etc. But obviously, you are now trying to go a little farther and become a serious online merchant. Otherwise, why would you even be interested in this article?

All that aside, I want to introduce you to a very handy tool that you will almost have to have if you expect to do well in the online marketplace. It’s called inventory management software. For starters, let me point you toward a brief video that will give you a better idea of exactly what I am talking about.

Now, the first thing I want to tell you is that you might not necessarily want to use the same kind of software and techniques that were used by the guy in the video. That was merely meant to introduce the concept. In reality, you will have to evaluate your decision based on your needs and the needs of your business.

So, what are the best qualities to look for when you are hunting for the best software? Here are my two cents. Since you are likely to be selling on more than one site, and since you are likely to have a large number of items for sale, there will be a need to track your inventory and business activity in some form or fashion. Without this, it will be very difficult to work efficiently. Besides that, it will be a tremendous amount of aggravation that nobody needs.

Now, you can go the old-fashioned route and get a notebook. That is always an option, but it is not the most efficient or the most convenient by a long shot. And, as your business grows, it will become flat out impossible for you to keep up with a pen and paper. So, you might as well invest in some software that will help you automate the process.

One thing you are looking for is software that will integrate with the sites you are selling on. If the software is well designed, it should not be something that requires a separate process. It should contain as many ways to automate the various processes so that there are fewer “clicks” that you have to make. Remember, time is money! Make sure they offer Amazon inventory management if you sell on Amazon, eBay inventory management if you sell on eBay, both if you sell on both, etc.

The better programs out there will also integrate performance charts into the software, giving you a better idea about the overall health of your business. Make sure it is also able to track the demand for your type of item across all the sites you use.

Overall, you should think about this in terms of time saved and money made. Saving time frees you up to do other things, and thus results in…more money!