online seller uk - manchester meetup

Manchester

online seller meetup25th January, 2016@McrThinkRise

In Partnership with

http://www.onlineselleruk.com

Speakers

Each talk lasts for 25 mins | Networking after event | All slides will be emailed

Brought to you in

Partnership with

and

Sponsorship from

Media Partner

Hello !

I’m Prabhat ShahProject Manager, Online Seller UK& DaytodayeBay

find me @OnlineSellerUK

How did it Start ?>> Cardiff to throughout the UK

>> Helped 500+ businesses directly

Events inNewcastleManchester LeedsLondonBirminghamBristolNorwichBrightonNewport

“Helping SMEs Sell Online”

http://onlineselleruk.com/

Who’s talking?

Sourcing from China and optimising global revenues

Deepak Goyal

Lets talk about

Currencies Direct | All rights reserved 2014 © 2

E-tailingLet’s talk

TO HELP YOU

CREATEAND MAINTAIN AGILE

GROWTHAND INCREASEREVENUE FROMINTERNATIONAL SALES:

How currency affects your online business

Control costs when using international marketplaces

Global sourcing tips for buying from China



Trade volumesHOW EVERYDAY CURRENCY MOVEMENT IMPACTS ONLINE SELLERS


Reduce the cost of imported stock



Reduce the cost of imported stock from overseas


$100 1.5000

GBP/USDexchange rate

£66.66

Purchase price

Cost price in GBP

1.5400 £64.93

Cost price reduced by 2.6%

ENSURE YOU ACHIEVE THE BEST EXCHANGE RATE FOR OVERSEAS STOCK PURCHASES TO LOWER YOUR INPUT COSTS



of online retailers generate 20-30% of their sales overseas…mainly using marketplaces

of online retailers agree that Amazon marketplaces provide the best opportunity to sell internationally

CROSS BORDER TRADE ECOMMERCE SALES SET TO GROW BY NEARLY 500% IN THE NEXT 5 YEARS

Grow your international sales

1/3

Source: Channel Advisor Multichannel report

2/3


Control the costs when selling on internati nal marketplaces


Sales proceeds held in source currency (Seller Central module)

Amazon Currency Converter for Sellers (ACCS) charges up to 4% of your international revenue

Proceeds converted into your home currency

Currencies Direct | All rights reserved 2014 ©

Increase your revenues from internati nal marketplaces

9


Payments go to your e-tailer Collection Account

You save up to 3% on your international sales

YOU CAN SAVE UP TO 3% OF THE TOTAL SALES VALUE ON CURRENCY CONVERSION BY USING A COLLECTION ACCOUNT



How do Collection Accounts work?


Does it work for ebay and other internati nal marketplaces?


You can hold balances in foreign

currencies…..but you can only withdraw in your ‘home currency’

You can try to pay into a supplier’s Paypal account


Does it work for ebay and other internati nal marketplaces?


does not allow you to enter the details of a different currency account onto your profile! They want you to use Paypal

only allows you to take money out in your own currency usually GBP….and they charge!

Transfer fee 1.4% - 3.4% + 20p (value dependent)

Exchange rate conversion loss 3.5%Cross border fee 0.4% - 1% (country dependent)

Total up to 7.9% of the sale price!



Interested or working with China?



Some useful tips on getting started

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TRUSTED BY OVER

200,000 CLIENTS AND AUTHORISED BY THE FINANCIAL CONDUCT AUTHORITY

20 YEARS EXPERIENCEEstablished since 1996, market leader in foreign exchange services for online retailers

$5.2BN TURNOVERE-tailer overseas bank accounts in multiple countries and currencies

OVER 2500

registered online sellers using our accounts in USA, UK and EUROPE


Thank you for listening.

www.currenciesdirect.com/etailers

0207 847 9269

© 2015plentymarkets Ltd | The German E-Commerce market – a little insight

The German E-Commerce Market

A little insight


Topics 1.  Stats and Numbers 2.  Marketplaces 3.  Competition 4.  Payment 5.  Logistics 6.  Languages 7.  Returns 8.  Recommendation for the Market entry


Stats and Numbers


TOP 3 in Europe

1.  United Kingdom 2.  Germany 3.  France


Turnover compared

0 20 40 60 80

DE

UK

2015

2014

2013

in bn £


Marketplaces


Marketplaces

•  Strongest Marketplaces: ebay and Amazon

•  Hood.de, hitmeister.de •  Different requirements


Competition


Competition

•  25.000+ Online Sellers •  Marketplaces as competitor


Payment


Payment

•  Fast and secure •  After delivery


Logistics


Logistics

•  Two day delivery as economy •  Free shipping preferred


Language


Language

•  Highly advanced market •  Native language preferred


Returns


Returns

•  „World Champions“ in returns •  Worst in the fashion vertical


Recommendation


My recommendation

•  Do your research •  Start small •  Use already available resources


Vielen Dank! Thank you for your attention!

Did you find this event useful ?Please write your testimonials.

Thanks !Everyone for your support.

Contact:

Prabhat Shah@OnlineSellerUKEmail: [email protected]: 029 2236 2596 Mobile: 0751 88 39629www.onlineselleruk.com

mailto:[email protected]




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