Une main qui tient un Iphone

Apple Keynote: announcements boost the second-hand market

Paris, September 18 - Every year, the Apple keynote attracts worldwide interest, not only for the release of new products, but also for the buying and reselling opportunities it generates on the market. As a major player in e-commerce, Rakuten is closely observing these trends. The company notes a veritable phenomenon of resale and purchase of new and second-hand products that accompanies this major event. An analysis of the data shows that the keynote is not only a highlight for tech enthusiasts, but also a financial opportunity for savvy consumers.

APPLE KEYNOTE BOOSTS IPHONE SALES ON RAKUTEN

The keynote's impact on iPhone sales is indisputable. Every year, the announcement of new models sparks renewed interest in previous generations on the platform.

  • In 2022, iPhone sales on Rakuten jumped by 59% in the 30 days following the keynote. Some models particularly benefited from this wave, such as the Alpine Green iPhone 13 Pro Max, whose sales exploded by 623%.
  • In 2023, although the overall increase in sales was more modest (12%), both new and old models continue to be popular. For example, the 128GB Sideral Black iPhone 14 Pro recorded a 17% increase in sales, while the Black iPhone 12 and Midnight Black iPhone 13 saw increases of 38% and 37% respectively.

A notable drop in prices was observed after the conference. This made purchases more affordable for many consumers. Those who were quick to act took advantage of the opportunity and were able to score some great bargains as a result.

THE IPHONE 15 LEADS THE 2024 TRENDS

According to data from Rakuten France, the Top 10 best-selling iPhone models in 2024 are largely occupied by the iPhone 15, a sign of this model's immediate popularity.

TOP 10 MOST POPULAR IPHONE MODELS ON RAKUTEN IN 2024 :

1. Apple iPhone 15 128 GB Black
2. Apple iPhone 15 128 GB Blue
3. Apple iPhone 15 128 Go Pink
4. Apple iPhone 13 Midnight Black 128 GB
5. Apple iPhone 15 Pro Max 256 GB Natural Titanium
6. Apple iPhone 15 Pro Max 256 GB Titanium Black
7. Apple iPhone 15 128 GB Green
8. Apple iPhone 12 Black 128 GB
9. Apple iPhone 15 Pro Max 256 GB Titanium Blue
10. Apple iPhone 14 Midnight Black 128 GB

Photos of several iPhones

RESALE AND SECOND-HAND BUYING: AN OPPORTUNITY FOR CONSUMERS AND SELLERS ALIKE

The Apple keynote has an immediate effect on the iPhone market, and also boosts second-hand sales (used and reconditioned).
In 2023, the total volume of new iPhone announcements doubled between the months preceding the keynote (July-August). This increase continued in the months following it (September-October). During this post-keynote period (September-October), the share of used iPhone ads published by private individuals represented 34.17% of the total, compared with 17.46% in July-August. In volume terms, this corresponds to a 291% increase in used iPhone ads by private individuals between these two periods.

This phenomenon can be explained by the fact that many iPhone owners take advantage of this period to resell their old handsets. They often do so in order to finance the purchase of the freshly announced new models.
Professional sellers are not to be outdone: in 2023, second-hand iPhone ads published by them rose by 78% after the keynote. A similar trend is expected in 2024, given that the iPhone 15 was among the best-selling models even before the September 9 conference.

This strategic period is a godsend for many consumers. One out of every two products sold on the platform is second-hand, and Rakuten France systematically offers a second-hand alternative for every listing. With over 15 million unique visitors per month, Rakuten France remains a key platform for reselling your old iPhone. Why not find a recent model at a bargain price as well?

METHODOLOGY

Analysis of data on Rakuten France following and preceding the last 3 Apple Keynotes on September 14, 2021, September 7, 2022 and September 12, 2023.

 


Second-hand, a key step towards a new consumer society

Second-hand goods have made their way into the minds of the French. It has become a veritable social phenomenon, marking an irreversible change in our relationship with consumption. Because it reconciles economic and environmental issues that are directly relevant to our lives, with deep-seated human aspirations, second-hand is here to stay.

Firstly, because it perpetuates a very old, universal economic practice, to which technology has given an unprecedented dimension. What used to be a problem was getting people to talk to each other, the difficulty of reaching a sufficient number of potential buyers beyond one's own immediate circle. To put it another way: we sold second-hand, when the opportunity arose. Platform technology has made it possible to systematize and aggregate what were previously diffuse market flows.

Thanks to this, second-hand trade enables buyers to save money by finding the same item at a lower price, thus improving their purchasing power. The same goes for the seller: it's a way of optimizing what you "store", and freeing up what you no longer need. In economic parlance, it's a way to stop immobilizing assets. And objects that are no longer needed represent sleeping purchasing power... Here again, platform technology creates a liquid market for these objects. For private individuals, resale used to be complicated; now it's a commonplace gesture. The power to buy has been joined by the power to sell.

But the desire to "consume differently" is underpinned by other powerful factors, notably the quest for more responsible consumption. Global awareness of the ecological transition has led to a change in purchasing behavior. Everyone wants to make a contribution, however modest. Everyone understands that second-hand goods mean lower-carbon consumption, and therefore a direct impact on global warming.

A more sociological look also shows that second-hand goods are the expression of a fundamental aspiration that is part and parcel of human society. Second-hand is a form of sharing, a way of releasing products you once enjoyed but no longer need (your children have grown up, your tastes have changed...) so that others can enjoy them in turn.

Purchases "for life" have become the exception. More and more, we buy an object for its use value, at a given moment and often for a limited duration. Once the pleasure has worn off, or the need has passed, we resell it. The object has also become a service.

Last but not least, second-hand is the source of a unique pleasure: that of unearthing that rare object no longer found on the shelves... Today, people hunt more online than at the flea market. So, in addition to the rationality of the purchase, the notion of pleasure is at the very heart of the shopping experience. In fact, the growth in second-hand purchases is mainly concentrated in three "queen" categories: leisure, fashion and high-tech.

The second-hand trade therefore meets the need for rationality and economic efficiency, the ecological imperative, the need to share and the search for pleasure. It is anything but the management of resource scarcity in a sadly Malthusian world. This mode of consumption is absolutely complementary to the purchase of new products, which is also booming, and still indispensable, if only for innovation, to bring different, better-performing products to market. New is the guarantee of progress!

Far from taking an overly clear-cut stance on the subject and calling for degrowth, we can see that our best future lies in the balance between new and second-hand. Each object will live a richer life cycle, first as a new product, then passing from hand to hand, each time regaining greater use value, right through to recycling.

In this balance, a new consumer society takes shape, correcting the excesses of past decades and finally taking the measure of ecological challenges, while preserving what lies at the heart of the act of buying: pleasure.

By Fabien VERSAVAU, CEO, Rakuten France


Comment choisir marketplace

How to select the best marketplace for your e-commerce business?

A marketplace can be a powerful lever for increasing your online sales, expanding your audience, improving your visibility and strengthening your market presence. However, it is essential to understand that each market is unique. It may have different advantages and disadvantages, depending on your company's needs and strategic objectives.

After outlining our 7 tips for selling better on marketplaces, you'll discover how to choose the most suitable marketplace for your e-commerce business.

Assess your needs

Before setting up a marketplace, it's important to determine your needs carefully.

Here are the most important steps to consider before choosing a marketplace.

Define your business objectives

It's important to think about what you want to achieve with the marketplace. Whether it's to increase your sales, raise your visibility, extend your geographic reach, or diversify your sales channels.

By measuring and analysing these objectives, you can determine the key criteria for your business. These criteria include the features you need, the products you want to sell, the costs you are prepared to pay and the logistical constraints.

Identify the products you want to sell

This will help you assess whether a marketplace is right for your business. You need to make sure that the platform you choose is suited to the nature of your products. Some marketplaces specialise in specific categories, such as electronics or crafts, while others are more generalist.

Evaluate your budget and marketplace costs

The costs associated with selling on a marketplace can vary depending on the platform. They generally include a monthly fee, a transaction fee for each sale made, and sometimes catalog management or advertising fees.

By taking these costs into account, you can determine whether the marketplace is profitable for your business, generating enough revenue to cover the associated costs.

In addition, you need to take into account the indirect costs associated with selling on a marketplace, such as production costs, logistics costs, shipping costs..

Consider logistical and operational aspects

The marketplace you choose can have a significant impact on your business processes, such as order processing, inventory management, delivery and customer service.

It is therefore important to analyze the marketplace 's logistics and operations policies, as well as their ability to meet your needs. For example, some marketplaces may offer storage and delivery services to make order management easier for sellers. Others may have strict policies on order processing times and returns, which can be difficult for some businesses to comply with.

Schema outlining the 4 main stages in assessing your needs before launching on a marketplace

Choosing a marketplace: criteria to consider

To make sure you select the platform best suited to your needs, we present 5 key criteria to consider:

1/ Choose a marketplace that is close to its sellers

The platform's proximity and commitment to its sellers is a very important point. You'll benefit from better support, more effective communication and sales strategies tailored to your business.

For example, Rakuten has a team of e-commerce consultants, specialised by activity. These consultants are dedicated to supporting sellers in their sales experience and optimising their performance on the marketplace.

2/ Choose a marketplace that is 100% marketplace

A marketplace that doesn't sell its own products and therefore doesn't compete with its sellers is a real criterion to consider.

By opting for a marketplace that is 100% marketplace, you ensure that sellers are promoted fairly and that competition is fair.

With no products of its own, Rakuten France's sole objective is to help sellers grow. They are at the heart of the platform.

3/ Choose a marketplace that offers an e-commerce logistics solution

By using a logistics service provider, you save 25% of your time, allowing you to devote more time to your core business.

What's more, you can offer your customers a faster, more efficient delivery experience.

Orders will be processed and shipped directly from the marketplace's warehouses, which can help improve customer satisfaction.

For example, on Rakuten, good customer satisfaction gives you a good Merchant Quality Score (MQS) and makes you more visible on the marketplace.

4/ Marketplace tools and functionalities

Sellers need to consider the features available on the platform, such as inventory management, order processing, and invoicing tools. They should also evaluate the marketing features to promote sellers' products. Considering these features can determine whether they match your business needs, and whether they are sufficient to meet your business objectives. It's also important to consider the ease of use and ergonomics of these tools to optimize your time and resources.

5/ Promotional actions organized by the marketplace

Some marketplaces offer exclusive promotional offers to attract customers to your store. These offers can take a variety of forms, such as shipping discounts, coupon codes, product highlights, and so on. These actions can help increase traffic and sales to your online store, as well as building loyalty among existing customers.

For example, on Rakuten, every first Wednesday of every month, there are "Mega Peaks" where every buyer can benefit from up to 20% cashback, financed by Rakuten.

Rakuten also has a cashback service, Club R, which helps build buyer loyalty.

Join the marketplace that supports the digitalization of retailers

At Rakuten, you can develop your ecommerce without a website and without any risk. We offer a free starter pack, so you're only charged on your sales.


girls talks to a chatbot with her phone

Self-Service in E-commerce: A Powerful Asset for Boosting Customer Relationships

94% of French people want to solve their own problems (source: Yext study, 2023). Today's e-buyers want to find accessible answers in just a few clicks, whatever the time of day or day. Traditional customer services are hardly capable of such responsiveness, but fortunately there is a solution: self-service. Find out in this article about the benefits of self-service tools, and how to set them up easily.

 

What is self-service?

Self-service refers to all the tools that enable your customers to find precise and immediate answers to their questions themselves . Self-care complements your customer service, giving it greater responsiveness and autonomy.

What are the advantages of self-service?

For your customers, an immediate response at any time

It's Saturday night, 10pm. One of your customers is trying to place an order on your e-commerce site. Unfortunately, his credit card is not recognized. Confused, he tries to find a solution, but it's impossible for him to reach your customer service department at this hour. The customer leaves his browser and abandons his shopping cart in frustration.

This situation could have been avoided with a self-service solution. By enabling your customers to find the answer to their questions at any time, you limit their frustration. In fact, 39% of customers consider it a priority to get an answer the first time they call (source: Qualimétrie, 2022).

Even if this response has to be supplemented by customer service support, the user at least has a way forward.

For your teams, time saved for other tasks

Self-service also relieves your teams of generic, repetitive questions. "How do I return an order?", "My card is not recognized" - these problems often lead to the same answer, wasting precious time.

The time your customer service department saves on these questions can be reinvested in dealing with more specific problems.

And as a salesperson, you know it: every time you save on ancillary tasks, you can focus on your core business: selling.

 

How do you implement a self-service solution?

There areseveral options for implementing a self-service solution:

Set up a FAQ

A Frequently Asked Question, or FAQ, is a section of your e-commerce site (or your e-shop on the marketplace of your choice) dedicated to recurring questions.

Here are a few points to bear in mind when setting up an effective FAQ:

  • Easy access : include links to this FAQ on every page of your site.
  • Short, pertinent answers: give the key to the problem in a few words. If your customers want to dig deeper into certain questions, you can always include a link to a more detailed page.
  • Exhaustiveness: make sure you cover all your customers' recurring questions.

Create a customer forum

This more interactive solution enables your customers to ask their questions directly on your site. Other users can then respond and share their own experiences. When your customer service department is available, it can then take over and provide more precise answers.

The customer forum solution has the advantage of interactivity. However, it requires customers who are ready to interact on the forum. What's more, it requires technical resources for implementation and a team dedicated to forum moderation (to sort through posts, respond to comments, etc.). So it's not the best solution if you're working with a small team.

Implementing a chatbot

A chatbot is a virtual assistant that helps your customers find their answers. There are three types of chatbot:

  • Simple chatbots: they operate according to predefined scripts, often based on keywords or suggested queries. These are the simplest and least expensive to set up, but lack flexibility.
  • Intelligent chatbots: these are based on machine learning and natural language processing. They are capable of analyzing the intention behind messages and providing a highly personalized response to the interlocutor.
  • Hybrid chatbots: these combine the functionalities of simple and hybrid chatbots. They first use AI to identify the query, before redirecting the interlocutor to a script or human customer service.

At Rakuten, our Yuki customer chatbot combines these three approaches and is evolving every day. Today, it relies on Large Language Models (LLM) to offer increasingly personalized responses to customers. The ultimate goal? To turn it into a complete virtual assistant, capable of complementing our human approach to provide the best answers, 7 days a week, 24 hours a day.

phone with a chatbot screen

 

Self-service, a complementary approach to human relations

Self-care tools are an invaluable asset in your e-commerce strategy, but they must not replace human customer service. At Rakuten, we're convinced that the human relationship must remain at the heart of interactions between customer and salesperson.

That's why our marketplace offers complete, dedicated customer service support for our sellers. We provide them with specific tools for their online store. And as a seller on Rakuten, you benefit from significant support via our internal messaging system, to help you manage and optimize your after-sales service.

Your customers need to feel listened to, unique. They need to understand that their satisfaction is your team's priority. So always keep in mind the balance between human support and self-care.

For example, you can integrate into your FAQ or chatbot the possibility of making an appointment with a member of your customer service team.


rakuten and worldfirst

Rakuten Worldfirst partnership: Why a multi-currency account is the answer to your international payments

Selling on marketplaces sometimes means you can be dealing with buyers from different countries and getting paid in various currencies. When you’re juggling different overseas bank accounts, worrying about exchange rates and facing delays in accessing your funds, this can affect your business operations.

What if there was a simpler, more efficient way to handle it all?

The power of a multi-currency account

Imagine having a single account where you can receive, hold and manage payments in multiple currencies, without having to constantly convert funds or pay unnecessary fees. Whether you’re paid in euros, dollars or yen, you can keep your funds in the currency you receive them in, giving you flexibility and control over when to convert or withdraw your money.

This kind of multi-currency management provides a real advantage as a seller when it comes to improving your cash flow, reducing exchange rate risk and making easy, fast and secure payments to suppliers around the world.

The World Account, your all-in-one solution

That’s exactly what the World Account offers. It’s designed to meet the needs of marketplace sellers looking to expand globally. With a World Account, you can:

Open 20+ local currency accounts

Collect your earnings from your Ratuken sales in local currencies without worrying about conversion fees. Your money goes straight into your account, and you can see all your earnings in different currencies in one central dashboard. Plus, it takes just minutes to open an account in the currency you need, no overseas address needed.

Hold and convert funds when it suits you

Instead of converting your earnings immediately, you can hold them in their original currency and wait until the exchange rate is in your favour to either convert them between your currency accounts or withdraw them home.

Manage multiple currencies in one place

No more juggling different bank accounts in different countries. The World Account allows you to receive and hold multiple currencies and use your balance to pay suppliers globally or make transfers.

Faster payments, better cash flow

One of the biggest benefits of the World Account is how quickly you can access your marketplace earnings. Your local currency accounts rely on domestic networks, not international ones, meaning payments take minutes or hours, rather than days, to arrive.

In terms of business operations, this allows you to reinvest in your business more quickly, pay suppliers on time or simply have the funds accessible when you need them.

Save on fees and exchange rates

Traditional banks often charge high fees for international payments, not to mention receiving fees and a currency conversion margin. Often, these fees aren’t transparent so you may not even be aware how much you’re being charged. With a World Account, you not only save on these charges, but you also benefit from competitive exchange rates. This means you keep more of your hard-earned profits and avoid losing money to unnecessary fees.

It's free to receive payments with a World Account, and all fees are clearly stated so you know exactly what you’re paying when you’re transferring funds to suppliers.

Financial stability and flexibility

A multi-currency account can also help protect your business from sudden changes in exchange rate. When you can hold funds in different currencies, you won’t need to worry about losing money when currencies fluctuate, giving you more stability and control over your profits.

Additionally, being able to use local currencies in key markets can give you an advantage over competitors. Customers appreciate the option to pay in their own currency, while you can strengthen relationships with suppliers by paying them in their preferred currency.

Ultimately, a multi-currency account empowers businesses to operate more efficiently on a global scale and stay competitive in the marketplace.

Ratuken has partnered with WorldFirst to offer Ratuken sellers a €49 monthly credit towards the Ratuken Expert Package for up to six months, when you open a World Account. Find out more here.

 


omnicanalité

What is omnichannel e-commerce?

Electronic commerce, or e-commerce, has revolutionized the way people buy and sell products and services online.

However, with the rapid expansion of e-commerce, consumers now expect a seamless and diverse shopping experience, regardless of the channels they use. This is where omnichannel comes into play

What is omnichannel e-commerce?

Omnichannel is a sales strategy that enables consumers to navigate easily between different sales channels.

Customers can move from one channel to another without losing their purchase history or their shopping cart. For example, a customer can start filling their basket on a website, continue on a mobile app, and finalize their purchase in a physical store without having to start the purchasing process all over again.

This enables companies to offer a consistent and seamless shopping experience, which can improve customer satisfaction and loyalty, as well as sales. In this diverse landscape, the crucial question arises: marketplace or e-commerce?

Omnichannel vs. multichannel: what are the differences?

Omnichannel and multichannel are two online sales strategies that are often confused, but which have major differences.

Multichannel, on the other hand, involves the use of several sales channels. However, these channels are independent of one another. This can lead to problems of consistency and harmonization, both in communication and in the buying experience.

The different omnichannel sales channels

Here are the most important ones:

Online store:

The online store is one of the most important sales channels in an omnichannel strategy. It enables customers to access the company’s products and services at any time, from any location, without having to physically visit a store.

To be effective, an online store must be intuitive, easy to navigate and compatible with the different types of devices used by customers, such as smartphones, tablets and computers.

Marketplace:

A marketplace is a website that brings buyers and sellers together.

The advantages for companies selling on these platforms are numerous: increased visibility to a wider audience, payment and delivery infrastructure already in place, simplified transaction management, reduced marketing and advertising costs, etc. But how do you choose a marketplace?

Social networks:

Social networks, such as Facebook, Instagram, Twitter and Pinterest, enable companies to sell their products directly from their social media pages or accounts.

Using this sales channel allows companies to strengthen their online presence and interact directly with customers. It also offers a variety of sales tools, including buy buttons and integrated payment functionalities, which make the transaction easier for customers.

Mobile applications:

These enable companies to offer more personalized and mobile online shopping experiences. Customers can purchase products using their smartphone or tablet, which can enhance the shopping experience by offering localization and personalization features.

However, creating a mobile app can be costly and time-consuming, especially for small businesses.

Physical stores:

Physical stores are a traditional sales channel that can also play an important role in an omnichannel strategy. Although more and more consumers prefer to shop online, physical stores continue to offer a unique shopping experience that customers can’t find online.

Indeed, some companies have a network of physical stores and offer their customers the option of ordering online and collecting their order in-store (click and collect). This allows customers to benefit from the convenience of e-commerce while enjoying the in-store experience and personalized advice of sales staff.

This shema describes the different omnichannel channels in e-commerce.

 

 

The importance of omnichannel

1/ Meeting customer expectations

Today’s customers have high expectations when it comes to the shopping experience. They want a consistent shopping experience across all sales channels, with accurate product information and flexible delivery and return options. Omnichannelity enables companies to meet these expectations and offer a seamless shopping experience, no matter how the customer chooses to shop.

2/ Increase sales

Omnichannelity enables companies to increase sales by offering customers more diversified purchasing options with a cashback system. Customers can buy online and collect in-store, buy in-store and have it delivered to their door, or buy online and return in-store. This enables companies to reach a wider audience and maximize sales opportunities.

3/ Greater visibility

By being present on several sales channels, companies can improve their online visibility. Marketplaces, social networks and mobile applications are platforms where consumers spend a lot of time, and being present on these channels can help companies reach new customers.

4/ Improve customer loyalty

Omnichannel can improve customer loyalty by offering a more personalized shopping experience. Companies can collect data on customers’ buying habits and preferences across all sales channels, enabling them to provide personalized offers and recommendations. This can help build customer loyalty and encourage them to return for further purchases.

5/ Inventory management optimization

By connecting their sales channels, companies can gain an overview of their inventory and better manage their stocks. This prevents stock-outs and optimizes inventory management for each sales channel.

schema omnichannel importance

 

The challenges of omnichannel

Channel integration:

Integrating different sales channels can be a major challenge. You need to be able to track inventory in real time, synchronize customer data and guarantee a consistent experience across all channels.

Implementation costs:

Setting up an omnichannel system can be costly, both in terms of IT development and investment in the various sales channels.

Logistical complexity:

Processing orders from different channels can be complex, especially when it comes to delivering products efficiently and cost-effectively.

Changing customer expectations:

Customer expectations oftheshopping experience continue to evolve, which means that companies must be able to adapt quickly to these changes to remain competitive.

How to implement an omnichannel strategy?

Implementing an omnichannel strategy may seem complex, but it can be achieved by following several practical steps:

1/ Analyze your customers' needs:

The first step is to understand your customers' expectations and buying behaviors. You can use surveys, sales data and other information to gain an overview of your customers' preferred sales channels.

2/ Identify relevant channels:

Once you understand your customers' needs, you can determine which channels are most relevant to your business. This can include online channels (website, marketplaces, social networks) and offline channels (physical stores, events).

3/ Set up performance tracking:

It's important to set up a performance tracking system to measure the effectiveness of your omnichannel strategy. This can include metrics such as conversion rates, cart abandonment rates, delivery times, customer satisfaction levels, etc. Performance tracking will let you know what's working well and what needs to be improved for an even more effective omnichannel strategy.

4/ Join the marketplace that facilitates the development of your omnichannel strategy

At Rakuten, you can have different sales channels, brought together on the same platform.

In fact, you can create an E-Shop on Rakuten, a space entirely dedicated to your offers, enabling your visitors to discover your brand universe; like a merchant site, but at a lower cost.

We also have a mobile application and social networks where buyers can find all our sellers' products.

And finally, if you have a physical store, we offer customers click & collect.

*Source AT: Internet


cart in front of a computer

How to avoid abandoned carts in e-commerce?

Abandoned carts are a frequent problem in e-commerce, depriving you of part of your sales. Find out how to reduce them with our tips.

What are abandoned carts?

This is it. Your acquisition strategy is well under way. One of your future customers arrives on your e-commerce site or the marketplace of your choice. He discovers your products, browses the product sheets you've carefully created. Finally, they add an item to their shopping cart, get ready to finalize their order and... leave the site. End of story.

You've just experienced an abandoned cart, when one of your buyers leaves the site before finalizing his order. Abandoned carts can occur at several stages of the purchasing process:

  • Even before accessing the shopping cart, when the user has added a product to the cart but leaves the site;
  • When choosing delivery options, because the costs are too high for the customer or the delivery methods unsuitable;
  • At checkout, because the customer wishes to use a specific payment method or compare prices again.

Abandoned cart = wasted efforts

Abandoned carts are a direct loss for your brand. You've gone to great lengths to get users to add your products to their shopping baskets: marketing and acquisition strategy, pricing strategy, shopping funnel optimization... It's a shame if this investment is lost at the last stage of your customer journey.

Rest assured, abandoned carts are inevitable in e-commerce. E-buyers are constantly stimulated, and these distractions can divert them from their purchases.

Fortunately, you can limit abandonment. There are 8 tips you can put in place today:

8 tips to reduce abandoned carts in e-commerce

A functional, responsive site

If you sell on a marketplace, this should not be a problem. Your marketplace takes care of the technical side of things, ensuring that your site is fast and functional. At Rakuten, for example, our dedicated teams make sure that the site runs smoothly, and regularly add new features to constantly improve our customers' experience.

If, on the other hand, you have your own e-commerce site, you need to ensure its quality. Check the following points in particular:

  • Page-loading speed: if your site takes too long to load, your customers may be put off. To speed up loading, consider reducing the size of images and optimizing the source code of your pages.
  • Visual clarity: overloading your web pages and product sheets with information is a bad idea. Your customers need to understand quickly where to click to perform their actions. Add margins, prioritize information and pay attention to the overall aesthetics of your pages.
  • Up-to-date visuals: make sure your graphics are up to date and consistent with your brand.
  • Responsive website: 62% of online purchases are made from a cell phone, and 47% of e-buyers use different screen formats (source: Fevad 2024). Your e-commerce site must therefore be optimized for mobile phones. Think about adjusting font sizes, margins, etc.

A fast, intuitive customer journey

The fluidity of your purchasing path is essential for your customers to finalize their order, as well as being a decisive factor in your customer satisfaction. Add guidance to your pages, maintain visual consistency and, above all, prioritize information. Every step of the journey should have the same objective: to help customers complete their order.

A fast customer journey also maximizes your chances of retaining customers to the end. Count the number of steps between the moment a user selects a product and the moment the order is finalized. Then analyze each of these steps and eliminate any unnecessary ones. For example, do your customers really need to create an account to order?

Then analyze the distractions on each page or step, and try to reduce them. For example, are recommendations for additional items always relevant, or do they tend to distract users from their purchase?

Attractive, transparent delivery costs

Nearly 70% of customers abandon their shopping baskets because delivery charges are too high (source: Baymard Institute 2023). To keep as many buyers as possible on track, you need to offer attractive delivery charges.

To calculate your delivery costs, keep in mind your various costs (packaging, shipping, returns, etc.) and consider your margins. The aim is not to lose profitability. Analyzing the charges offered by your competitors is also a good way of positioning yourself.

If your margins allow it, you can also opt for free delivery. This method has the advantage of increasing your customers' average basket and helping to build loyalty. On the other hand, it reduces your sales margins and is therefore not suitable for all situations.

Whatever delivery charges you choose, you owe it to your customers to be transparent. Offer simple, easy-to-understand grids, for example, by grouping items into weight categories.

Choice of delivery method

For 88% of e-buyers, e-commerce is synonymous with saving time (Fevad 2024). Your customers need to be able to receive their product as close to them as possible, and at the right time to suit their needs.

While home delivery remains the preferred mode of delivery for 77% of e-buyers (Fevad 2024), 71% also opt for collection from a relay point and 25% for click and collect.

If you can, consider offering your customers several different delivery solutions. You should also make sure that your advertised delivery times are not too long. Consumers are more likely to validate their basket if they receive their parcel the next day than if they have to wait a week.

Several payment methods

Flexible payment options are another important parameter to ensure that your customers complete their order. In fact, 37% of e-buyers in 2023 used an electronic payment solution, 27% an instant transfer, 29% a gift card or gift voucher and 28% other solutions other than bank cards (Fevad 2024).

By offering your customers a variety of payment methods, you enable them to choose the solution that best suits their needs, and avoid frustration (for example, when the payment exceeds their card payment limit).

Good customer follow-ups

In most cases, an abandoned cart is not a definitive defeat. You can follow up with your customers to try to bring them back to their shopping baskets. There are several ways to do this:

  • Directly on your site, for example via pop-ups that appear on other pages if the user has forgotten a product in their basket for some time. Not very intrusive, but only works if the customer is still on the site.
  • E-mail reminders: this solution requires you to have previously collected your customers' e-mail addresses (with their consent). It's fairly non-intrusive, but your send and open rates may remain fairly low.
  • SMS reminders : an intrusive method, but with fairly good open rates. Here again, the numbers must have been collected with the customer's consent (when they create an account on your site, for example).
  • Call-backs : only for products with high added value, and which may take a long time to decide to buy. To be avoided as a general rule, as they are very intrusive.

The most important thing is to get the timing and timing of your follow-ups right. Don't be too insistent, but don't let too much time go by before calling the customer back, or you risk losing the sale for good.

Good customer feedback management

The reviews that previous buyers have left on your products are an invaluable source of information for your future customers. A negative review can easily scare off a potential buyer.

Unfortunately, you have no control over the publication of these reviews. However, you can limit their negative impact in two ways:

  • By responding to reviews, especially negativeones: dispel any doubts about negative experiences by offering a professional response and demonstrating your willingness to resolve the problem.
  • By encouraging your satisfied customers to leave a review: a few negative comments are less problematic if they are accompanied by comments praising your products.

A satisfactory returns policy

Before finalizing their purchase, your customers want to be sure that the item will suit them, which they can't always verify before receipt. Similarly, delivery errors can occur. So it's vital to offer your customers a good returns policy. 54% of buyers, for example, say that free returns and exchanges are the second most important influence in their decision to buy from a brand (source: WalkerSands study). 58% of potential buyers also want to be able to return goods easily, with clear, precise instructions on the website and/or in their parcel.

Think about it this way: a consumer who buys one of your items, isn't satisfied with it, and can't easily return it, will probably never buy from you again. By making it easy for them to return the item, you turn a negative experience into a loyalty-building opportunity. Offering a simple, no-cost returns process shows your customers that their satisfaction is your priority, which reinforces their trust in your brand.

Reverse logistics (or returns management) is therefore an essential part of your e-commerce strategy, and one that can seem complex to manage at first glance. Fortunately, turnkey solutions such as Rakuten Fulfillment Network enable you to outsource these tasks so you can concentrate on what really matters: selling.


hands holding a happy face

Customer Satisfaction: How to Maximize It in E-Commerce

Customer satisfaction measures a consumer's satisfaction with a product, a service or, in a broader sense, a shopping experience. This metric is crucial for e-commerce. Find out why this is the case and how you can maximize it!

Why should you pay attention to customer satisfaction?

Customer satisfaction as a performance indicator

Customer satisfaction is a key performance indicator (KPI) in e-commerce. It directly reflects the quality of your products, but also of your entire interaction with customers (purchase path, customer service, etc.).

Measuring customer satisfaction allows you to understand your current performance or that of the near past, but also to anticipate it. This indicator can provide you with information about your customers' future actions: purchase intentions, word-of-mouth, etc

It is also an excellent way to differentiate yourself from the competition.

Maximize customer satisfaction to retain customers

If you also provide a satisfying user experience, you encourage your customers to buy from you again. A strategy that pays off for several reasons:

  • The cost of retaining a customer to your business is estimated to be five times lower than the cost of acquiring the same customer.
  • Your loyal customers are more likely to increase their average shopping cart. At Rakuten, our loyalty program members spend on average 40% more than non-members.
  • A shopper who is already familiar with your products and shopping journey is more likely to complete their order, reducing cart abandonment.

Even if you sell products where the average purchase frequency is lower (e.g. large household appliances), you should maximize your customer satisfaction. If your customers are happy with their experience, they can spread positive word of mouth and attract new buyers.

 

How can you measure customer satisfaction in e-commerce?

Measure customer satisfaction with the CSAT

The CSAT, an acronym for Customer SATisfaction, is a score calculated from questionnaires sent to your customers. These are usually questionnaires with only one question and a limited range of answers. An example of a questionnaire could be:

"Are you satisfied with your purchase?" where the possible answers include the following:

  • " Yes " or " No "
  • A rating scale (e.g. from 1 to 5 or from 0 to 10)
  • A satisfaction scale ("Very satisfied", "Satisfied", "Neutral", "Not satisfied", "Not at all satisfied").

To calculate the CSAT score, the number of positive responses is then compared with the total number of responses:

CSAT = (number of positive responses/number of total responses) x 100

The advantage of this indicator is its simplicity. With just one question, you increase the likelihood that your customers will answer your questionnaire. It is also easy to apply to different types of products.

On the other hand, the CSAT lacks detail : you know the percentage of dissatisfied customers, but you don't know why. Fortunately, there are other tools that can provide you with this information.

Measuring customer satisfaction with the Net Promotor Score

The Net Promotor Score measures the likelihood that a customer will recommend your products to others. It is based on a score from 0 (not at all likely) to 10 (very likely) that the customer gives in response to the question "Would you recommend our product to a relative?"

A distinction is then made between three categories:

  • Critics (score between 0 and 6): dissatisfied customers who could damage your image
  • Passives (score 7 or 8): satisfied but unenthusiastic customers
  • Promoters (score 9 or 10): very satisfied and loyal customers who are involved in the development of your company

Calculation of the Net Promotor Score

The NPS score is then calculated by subtracting the percentage of detractors from the percentage of promoters. Example:

Out of 18 customers surveyed, 3 gave a score between 0 and 6, 10 gave a score of 7 or 8 and 5 gave a score of 9 or 10, so there are :

  • 3/18 = 17% Critics ;
  • 10/18 = 55% passives ;
  • 5/18 = 28% supporters.

Your NPS is then 28 - 17 = 11schema explaining the net promotor score

Interpretation of the Net Promotor Score

An NPS of over 0 is considered a correct promoter score. The number of customers who are willing to recommend your products to others exceeds the number of customers who spread negative word of mouth. However, be sure to take these critics into account, as they can severely damage your reputation.

An NPS of over 50 is a very good score, indicating a strong bond with your brand and a high level of loyalty. You are on the right track!

To obtain a more representative result, you can add further data to your calculation of the Net Promotor Score. Do you count more critics among certain groups of buyers? Are there an unusually high number of promoters for certain products? The possibilities are endless.

Measure customer satisfaction based on user reviews

The reviews that your customers leave on your website are a valuable source of information. Take the time to analyze these opinions and understand possible points of friction that emerge from the comments. Pay particular attention to recurring comments, as they often indicate an underlying problem.

However, be careful not to rely on this indicator alone. The majority are often silent and will not leave a review even if their experience is negative. Conversely, some comments written in the heat of the moment may exaggerate the actual problems. So be sure to maintain a critical approach and always supplement your analysis with other indicators.

Also remember to respond to your customer reviews! They are important signals that are sent to your other customers. 58% of French people and 70% of 15-24 year olds say they consult a customer review before making a purchase (source: Fevad 2024). A negative comment that remains unanswered is a bad signal for your potential buyers.

 

How to maximize customer satisfaction in e-commerce?

To guarantee your customers the best experience, you should pay attention to a few key points:

High quality products at the right price

This is the first parameter you should consider. Make sure you offer quality products with a good value proposition. Your products must meet the needs of your customers. To do this, it is necessary to address the right target groups. Define your target customers and develop an effective pricing strategy that will help you stand out from the crowd.

Pay attention to all aspects of your products (ease of use, durability, packaging...), nothing should be left to chance.

An intuitive customer journey

Nothing is more frustrating for a shopper than having to go through many tedious steps before they can finalize their order. A smooth customer journey is a key element to your success in e-commerce.

Whether you're selling on e-commerce or through a marketplace, make sure to make the purchase path as clear as possible. Add visual cues, reduce the number of redundant steps.

The quality of your product sheets is particularly important for this. Is all product information accurate and up to date? Are the call-to-actions easily recognizable? Does your index card contain customer reviews?

Efficient deliveries

Once your buyers have ordered their product, they can hardly wait to receive it. Excessively long delivery times, incorrect deliveries or lost parcels have a major impact on your customers' experience. With a fast and efficient logistics service, you can keep this friction to a minimum.

Also pay attention to your shipping costs ! 62% of e-shoppers abandon their order if the shipping costs are too high (source: Sendcloud study, 2023). So make sure that you offer reasonable costs that still allow you a sufficient profit margin.

Good customer service

Even with the best store and the best delivery service, mistakes happen and your customers may encounter problems. 5 out of 10 French shoppers contact customer service if they have a question or an update on their order or delivery (source: Essendex, 2023). So you need to make sure you have effective customer service to stand out from the crowd.

Pay particular attention to the following points:

  • Responsiveness: this is the priority for 39% of e-commerce shoppers (source: Qualimetrie, 2022). Your support must respond quickly and accurately to your customers' requests.
  • Personalization: No one wants to be seen as a mere number. Your customers need to feel listened to, recognized and, above all, unique! Make sure you always mention their name and offer them personalized services in return. Retrieving accurate data about your customers (purchase history, preferences, etc.) allows you to respond precisely to their needs.
  • Customer autonomy tools : Most of the time, your customers will want to find the answers to their problems themselves. Make sure you offer a comprehensive FAQ (Frequently Asked Questions) listing recurring requests. Your customers will save time and your teams can focus on more complex problems. A win-win situation for everyone!

Apart from solving problems, your customer service is the direct link to your customers. It is therefore the reflection of your company to them. Returns management, collecting customer opinions, creating exclusive offers and promotions... each of these steps can help you stand out from the crowd and increase your customer satisfaction!

 

Rakuten France, a platform at the service of customer satisfaction

As you will have understood, customer satisfaction in e-commerce must be at the top of your list of priorities. At Rakuten, this is one of our core commitments and we strive every day to improve shoppers' experiences. Learn how Rakuten can help you maximize your customer satisfaction:

An intuitive and well-rehearsed shopping journey

Rakuten offers its buyers a seamless shopping journey. On our Marketplace, each product card contains all of our sellers' listings for a specific item. An efficient way for a buyer to compare prices without having to leave the product card. The customer can then add the items of their choice to their shopping cart and submit their order with just a few clicks.

Our platform benefits from the many years of expertise of our teams. What is our goal? To deliver an optimal user experience. And our 13 million loyal shoppers have understood that.

As a seller, you have the opportunity to create your own e-shop on our platform to keep control of your brand image and personalize your customer journey.

Support from your customer service

Rakuten offers its sellers comprehensive and dedicated customer service support. If you are a seller on our platform, we provide you with a range of dedicatedtools for your online store.

You also receive first-class support thanks to the internal messaging service, which helps you manage and optimize your customer service.

Rakuten Fulfillment Network, for efficient omnichannel logistics

Finally, our Rakuten Fulfillment Network service allows e-commerce merchants to outsource all their logistics tasks: packing orders, managing returns, monitoring stock levels... we take care of everything!

With this service, you benefit from :

  • Lower logistics costs thanks to our fixed price. Our customers save an average of 25% on their logistics costs;
  • A flexible service for customized logistics;
  • A centralized area to manage all your logistics with just a few clicks;
  • A high-quality service for your customers through fast deliveries and efficient returns management. 99.8% of orders received before 2pm are delivered within 24 hours.

a woman scans a barcode on a cardboard

Barcodes: Why They Matter in E-Commerce

Whether you're buying or selling a book, a telephone case or a vacuum cleaner... All these products have one thing in common: the presence of a barcode. Also known as barcodes, these symbols are made up of lines, spaces, characters and numbers. Ubiquitous in our daily lives, they are also indispensable in e-commerce, particularly for selling your products online on a marketplace like Rakuten.

In this article, we explore the crucial importance of barcodes, how they work and how to use them. Do you want to sell your products online? Then this article is for you!

What is a barcode?

Barcode definition

Bar codes are printed on product packaging. It consists of thin parallel bars that allow data to be identified and displayed using an optical scanner. This data is used for information and marketing purposes, to track the traceability of a product throughout the supply chain (procurement, inventory management, in-store or online purchase tracking, etc.).

The code is materialized by a series of 13 digits and is known as the Global Trade Item Number (GTIN). In other words, this code is a product's identity card. Thanks to this unique codification, all product information can be identified: composition, country of manufacture, manufacturer's identity..

For the record, the barcode turns 70 in 2022! The first patent was filed in 1952 by two American engineers seeking to automate the registration of manufacturers' products. Twenty years later, the technology was developed for a first development in supermarkets. The first deployment was in supermarkets. And today, the barcode is also indispensable in e-commerce and virtual marketplaces like Rakuten. But you still need to know how it works..

How a barcode works

Let's start by deciphering the composition of a GTIN/EAN (European Article Numbering) barcode: this is the most common type of barcode, used for products sold internationally.

The first digits generally indicate the product's country of manufacture (or, in some cases, the country where the company's head office is located). The 3rd to 7th digits indicate the manufacturer number. The 8th to 12th digits indicate the item number. Then the last digit represents the check digit confirming the barcode.

schema explaining how to read a barcode

Among the best-known barcodes are :

  • UPC barcodes: mainly used in North America.
  • 128 barcodes: used for logistics and internal tracking, they include silence sections, a start character, an FNC1 function code, a control character and an end character.
  • 39 barcodes: used for marking medicines and certain industrial products. These codes can be up to 43 characters long, with symbols at the beginning and end.

Scanners read and interpret these number sequences, to track the traceability of an item. But do you know why this data is important, especially for e-tailers?

The importance of barcodes in e-commerce

Here are the advantages of barcodes:

  • Precise, rapid stock tracking : thanks to these symbols on products, you can improve your inventory management. This helps reduce human error and improve internal efficiency.
  • Better management of shipments: by facilitating product traceability (from the warehouse to the end consumer), barcodes enable better management of returns or complaints.
  • Speeding up the logistics process: using a barcode is particularly useful for limiting data-entry errors and speeding up the sales process (and time-to-market!), especially on a marketplace like Rakuten. Barcodes provide information almost instantaneously, without the need for research. It also makes restocking easier.
  • Enhanced compliance: barcodes are a lever in the fight against fraud, as the system prevents embezzlement. E-merchants who buy their products from suppliers can have better control over what they buy.
  • Improved natural referencing: Google considers the GTIN/EAN to be a unique key for verifying product identification. By adding this barcode to the product data sheets on your e-commerce site or marketplace, Google enhances the referencing of your products. Internet users will find them more easily. Practical for boosting your online sales!
  • Increased customer loyalty: this barcode system has enabled the development of loyalty cards, initially in physical stores, but now also online. Thanks to barcode data tracking, online stores can keep track of shoppers' preferences, and offer them personalized loyalty operations (such as promotional codes).

Let's find out how to use this coded system to sell your products in the marketplace.

Using barcodes on marketplaces

Would you like to sell your products on a marketplace like Rakuten, targeting 13 million regular buyers? The presence of a barcode on your items is essential. In terms of standards and requirements, marketplaces like Rakuten France require a unique GTIN/EAN barcode for each product. This is a security feature, to guarantee the precise identification of products and verify their authenticity. In this way, we can protect buyers from counterfeit products and guarantee the quality of their purchases.

What's more, the use of barcodes can improve the SEO and visibility of your products on the platform: ideal for increasing sales and boosting your growth!

They can also improve product catalog management, by grouping similar offers from different sellers on the same product sheet. Internet users benefit from a better user experience: they can compare prices and purchase options, before making their decision.

So, are you ready to take action? Here are a few tips for getting started on a marketplace like Rakuten:

Tips to add barcodes on a marketplace

  • When creating your product listing, you'll need to enter a product code such as EAN/UPC/ISBN (GTIN), depending on the type of product concerned.
  • If your item doesn't have a barcode, it's possible that the database of products available on Rakuten contains an identical item. Use the "Search" function to find it. If you find this item in the results, open the file, check that it's exactly the same product you're selling, then click on "Sell yours". Be sure to comment on any differences with the description in the listing.
  • If your barcode is not recognized when you enter it, try entering all the digits without spaces or dashes. For CDs, DVDs and video games, the code is a unique number, often with 13 digits. If there are only 12, add a 0 at the beginning. For books, an ISBN number and an EAN13 code can be found on the back or inside the book. Rakuten is able to recognize both: enter one or the other, without spaces or hyphens.

help_barcode.jpg

To create product sheets that convert, filling in the barcode is the first step. Now discover the next steps. Here are the 17 criteria for creating high-performance product sheets:

How do I create a barcode?

Step 1: become a GS1 member

To create a barcode for one of your products, you must first become a member of GS1 France. This non-profit organization is responsible for allocating barcodes in France. Once on the GS1 website, fill in the form with your details (business e-mail, company details, etc.).

Depending on your turnover, you'll then have to pay a registration fee to be able to register your barcodes. These fees include:

  • An entry fee, paid on registration.
  • An annual fee, paid each year. Membership is renewed by tacit agreement. If you no longer wish to use barcodes, you can

The membership fee depends on your company's sales. For example, it is :

  • 99 € for annual sales of less than €50,000 (then €99 each year) ;
  • 177 for annual sales between €500,000 and €1 million (then €177 each year)

Good news: this fee is fixed, regardless of the number of barcodes generated. Even if your catalog is very extensive, you'll pay the same price.

Step 2: Use a barcode generator

Once you've finalized your membership, all that's left to do is generate your barcode. First, choose the type of barcode that best suits your needs. For sales in Europe, the most common format is EAN-13.

Then go to one of the many barcode generators available online. You'll then need to enter a GTIN code created by GS1. You can generate these codes from your customer area on this platform. Once the code has been generated, you can download it and use it on the e-commerce site or marketplace of your choice. And that's it!

Good to know: GS1 France offers its own barcode generator. Handy for retrieving the information you need directly!

Use barcodes to sell on Rakuten

Now you know the definition, operation and use of a barcode in e-commerce or marketplace. A veritable identity card for an item, this type of code is essential for efficient management of your e-shop. Not only does it ensure product traceability and authentication, it also enables you to better manage your product inventory,improve your online natural referencing and optimize the user experience.

On a platform like Rakuten, the presence of a barcode on your items is mandatory. Far from being a constraint, this system is actually beneficial for our 7,000 professional sellers: once the barcode of their products has been entered on their e-shop, they can sell their products to Rakuten's 13 million loyal and regular buyers.

Would you like to increase your sales easily? Join our marketplace today:


Fulfillment costs: How to measure and reduce them in e-commerce?

Whether you decide to handle it yourself or outsource it, e-commerce fulfillment has a cost. A cost that you obviously try to keep as low as possible, while maintaining your attractiveness at its highest level to attract more potential buyers.

In this article, we'll take a look at the main factors impacting your logistics costs, along with our tips for reducing your logistics budget without cutting quality!

What are fulfillment costs?

Fulfillment costs, or logistics costs, are all the expenses incurred by a company in managing its products, such as storage, order preparation and delivery.

These costs are crucial to a company's overall strategy, as they directly affect customer satisfaction, market competitiveness and profitability. However, they represent a major expense item, especially for e-commerce companies, estimated at around 11% of a company's sales.

What are the logistics costs involved in e-commerce?

Goods storage, order preparation, parcel dispatch... Find out below about the main costs to consider, whether you manage all these factors in-house or via a logistics provider:

1. Fulfillment costs for product storage

It's generally one of the highest costs in any sector.

Depending on the quantity of merchandise in your possession, you'll need to find the right warehouse, manage its routing, reception and shelving. Warehousing costs include :

  • Rental or depreciation of storage space (if you rent or own)
  • Maintenance of the site and the equipment it requires
  • Insurance to protect your products from accidents that may occur on the storage site

In addition, there may be other costs, such as taxes on the space or warehouse management software.

All these logistics costs vary according to warehouse location, capacity in m3 and storage time.

2. Order-picking fulfillment costs

Your logistics costs include those associated with order preparation. These include :

  • item picking - also known as "picking" - and
  • sorting according to destination
  • packaging
  • pre-shipment inspection of your products.

This preparation is a key stage in logistics, as it has a direct impact on service quality and speed.

3. Transport fulfillment costs

Another point that can have an impact on your budget and the selling price of your goods is the cost of transporting them.

The faster your transport, the higher the price, and this can have an impact on the delivery costs of your products.

Delivery is one of the factors most closely watched by consumers. Reducing delivery times as much as possible is a key challenge for boosting your business.

4. Fulfillment costs linked to customer service

Product lost, damaged during shipment, not conforming to the advertisement, management of customer returns... The more you sell, the greater the risk of imponderables. That's why it's essential to provide quality after-sales service. Quality comes at a cost, which is sometimes difficult to reduce without losing efficiency and responsiveness.

5. Insurance

Insurance is essential for all retailers and e-merchants, to protect your merchandise in the event of theft, breakage or loss.

infography explaining five steps to optimize fulfillment costs

 

How much does your logistics cost?

Are you spending too much on logistics?

According to a study conducted by Supply Chain 24/7, the average logistics cost for a company is estimated at 11% of sales. This estimate is growing every year, due to the ever-increasing budget being invested in delivery times, a key factor in retailers' efforts to meet the expectations of consumers now accustomed to receiving their orders ever more quickly.

Over 50% of logistics costs are allocated to delivery management. The rest is shared between good storage, order preparation, after-sales service and insurance.

To increase your company's profitability, you need to find the right balance between your e-commerce logistics budget and your customers' expectations. A satisfied customer is a repeat buyer. It's all about pampering them, as long as you don't jeopardize your business by doing everything you can to seduce them. Hence our next question:

How can you reduce your fulfillment costs while taking into account consumer expectations?

There are several easy-to-implement sales tips designed to help you in your cost-cutting endeavors. Here they are:

1. Optimize inventory management

The more goods you store, the higher your storage costs. And vice versa. Beware, however, of relying on a minimum amount of stock in the warehouse, which multiplies the risk of stock-outs. The right logistics strategy is to define a minimum stock level that you must always have in your warehouse.

Below this threshold for your products on sale, replenishment is the order of the day.

This minimum stock must always meet demand, and take into account major one-off shopping season events such as Sales and Black Friday. It must also allow sufficient time for replenishment.

2. Increase the average basket

By increasing your customers' average basket, delivery and logistics become less expensive. One tried-and-tested strategy is to offer free delivery on minimum orders.

According to the French Institut National de la Consommation (INC), by 2022, 58% of shoppers will have added one or more products to their basket to reach this psychological threshold and benefit from free delivery.

3. Optimize your product packaging

By reducing the size and weight of your packaging, you can have a direct impact on the cost of storing and transporting your products, especially if you manage to get your products into your carrier's lower price bracket.

4. Outsource your e-logistics

Saving time and money is a dream goal for many companies. One of the best ways to achieve this is to outsource logistics. And preferably to a single service provider, to cut costs considerably.

By opting for our Rakuten Fulfillment Network method of outsourcing your e-commerce logistics, you are choosing a single partner to handle every stage of your supply chain: I want to reduce my logistics costs


saisonnalite des ventes

Sales Seasonality: Anticipating Sales Peaks and Calculating Your Seasonal Index

Do your sales fluctuate from month to month? Nothing could be more normal. All businesses experience sales peaks and troughs at certain times of the year. This is known as sales seasonality.

Whether you sell physical products or services, whether you operate solely on e-commerce or have your own store: you're affected by the concept of sales seasonality. Weather, vacations, commercial highlights... many parameters affect your sales strategy.

How can you anticipate these peaks in demand by calculating your seasonal coefficient? How can you maximize growth opportunities, thanks to sales seasonality? Find out all the answers in this article.

I. Understanding Sales Seasonality

What is sales seasonality? Definition

Sales seasonality is an event that occurs several times a year. It refers to the fluctuation in demand for a product or service throughout the year. When a company experiences this intense increase in sales activity, it is referred to as a "sales peak".

All companies are affected by these cycles, which impact on their marketing and sales performance. There are many factors influencing sales seasonality:

  • Seasons & weather;
  • Vacations;
  • Cultural events;
  • Annual French or foreign festivities;
  • Commercial highlights (sales, Black Friday, etc);

Some events are unforeseen, such as natural disasters or the Covid-19 crisis, which disrupted sales of certain products: hygiene and cleaning products, essential items... Meanwhile, e-commerce spending increased by 13% during the health crisis.

growth of e-commerce websites during covid crisis

Source: Kantar e-commerce barometer

In addition, other events can be anticipated to maximize business growth during these peaks. Ready to explore some examples?

Some examples of sales seasonality

Certain major events or business dates dictate sales seasonality. For brands, it's essential to be aware of them, so as to capitalize on these periods.

By anticipating these key dates and trends, it's easier to anticipate sales forecasts... And to increase sales, market share and growth. All the while, making informed business and marketing decisions to effectively support this growth. For example, in the event of a sales peak, have you considered the strategies to be implemented to increase the average basket?

In an increasingly competitive business environment, this strategy is essential! Here are a few examples of sales seasonality, to give you a better idea of the concept:

  • For florists, the two biggest sales holidays are Valentine's Day and Mother's Day. Every year, these professionals can generate up to 30% of their sales on a single day!
  • In the outdoor hotel market (such as campsites), 85% of bookings are concentrated in the 6 weeks of summer.
  • As soon as spring arrives, garden products are in demand. The milder weather invites customers to spend more. Amour Buidine (Sales Manager at ManoMano.fr) told Le Figaro: "16% of sales in this segment are made in April, compared with 3% to 4% between November and February. The same applies to the Internet: we triple our sales of swimming pools and other landscaping products from the first to the second quarter".

 

  • During the soccer World Cup, the market for TV sets increases dramatically. This was notably the case in 2022, for the World Cup in Qatar. Guillaume Rault (vice-president of Samsung Electronics) confided in a Challenges interview : "There was an upturn in September in terms of quantity. In October, this was reinforced by an increase in market value. We're seeing double-digit increases. Some weeks are 28% or 35% up on last year. The World Cup should enable the TV market to sell 250 to 300,000 more pieces!"

télévision samsung sur rakuten

 

You've guessed it: sales seasonality affects every brand on the market, at different times of the year, and according to different criteria of influence. The challenge for brands? To anticipate sales peaks, in order to better manage their supply chain, as well as their marketing and sales strategy.

II. How to anticipate sales peaks?

To identify trends in your market and anticipate sales peaks, here are 3 best practices:

1. Analyze your historical data

Have you tracked and measured your key performance indicators (KPIs)? If you've already launched your business (such as an e-commerce site), it's essential to examine the past, in order to prepare for the future.

So, do you know what your monthly sales are? What are the seasonal trends? How do the average consumer basket, number of orders and conversion rate evolve over the months? All this quantitative data will help you better understand and anticipate sales peaks.

2. Identify local, seasonal and national events

Do you want to prepare for seasonal sales trends? Think about listing all the events that may affect your company, or the market in which you operate. More commonly referred to as a "chestnut", these are the key dates of the year that can influence your marketing and sales strategy.

For example, they could be sales periods, school vacations, sporting events, trade fairs, national celebrations... Position them on an internally shared calendar, so that all teams are aware of them. From the marketing department to product managers and sales staff.

3. Adapt your inventory and human resources

Finally, after analyzing your historical data and identifying future key calendar dates, here's our last tip: adapt your merchandise inventories, as well as your human resources. When demand peaks, your priority is to satisfy your customers. To achieve this, avoid stock-outs. Having the right quantity of goods in stock is a matter of preparation, several weeks (or even months) before the busiest periods.

Then, to deliver a memorable customer experience, don't underestimate the human factor: do you have the necessary in-house team to cope with the rush? In store as in e-retail, anticipate recruitment to guarantee a smooth customer experience.

III. Calculate the seasonal coefficient

To obtain the most accurate sales forecasts possible during seasonal peaks, we need to monitor a specific indicator: the seasonal coefficient.

The seasonal coefficient is a numerical indicator that can be calculated on a weekly, monthly or quarterly basis. It represents the ratio between the actual performance of a product or service during a specific period and its average performance over a longer period.

Its calculation highlights the potential of one period (compared to another) for the sale of a product. Thanks to the seasonal coefficient, you can define whether or not a moment can be considered "seasonal" for your consumer sales.

Here are 3 situations in which it's a good idea to calculate the seasonal coefficient, along with the appropriate formula:

1. Analyze the seasonality of the year's sales

The seasonal coefficient helps you identify the weight of sales during a given period in your company's annual sales. Thanks to its calculation, you can anticipate the marketing actions to be deployed at the next sales peak... And evaluate the effectiveness of the previous action plan put in place.

Here's how it works:

Sales for the month (or defined period) / total sales for the year

Let's take the example of a bicycle accessories e-commerce site. In 2023, the company sold €30,000 worth of products, including €6,700 in January 2023 (corresponding to the winter sales).

Seasonal coefficient = 6,700 / 30,000

Seasonal coefficient = 0.223

January 2023 therefore has a seasonal coefficient of 0.223. This is always rounded to 3 decimal places.

2. Compare seasonality with previous years

Let's go back to the previous example. Now, the e-commerce site selling bicycle accessories wants to know its seasonal coefficient in relation to the two previous years, and track its evolution.

Step 1: calculate average annual sales over the last two years.

22,000 (in 2021) 27,000 (in 2022) = €49,000

49 000 / 2 = 24 500 €

Average annual sales are €24,500.

Step 2: Calculate average monthly sales over the last two years.

4,800 (in January 2021) €5,500 (in January 2022) = €10,300

10 300 / 2 = 5 150 €

Average monthly sales are €5,150.

Step 3: calculate seasonal coefficients for each month

To do this, let's take the average monthly sales figure and divide by the average annual sales figure

5 150 / 24 500 = 0,210

The average seasonal coefficient over the previous two years is 0.210 in January. If we compare this with the seasonal coefficient for January 2023, we see a clear increase in sales, and therefore growth. A good sign for the company's performance!

3. Calculate future sales forecasts

The seasonal coefficient is the ally of forecasting. It also provides an accurate forecast for the coming year. From the monthly coefficients calculated, you can determine the sales forecast for the months of the coming year.

Let's return to our previous example. To calculate sales for January 2024, the calculation is as follows:

Sales for 2023 x seasonal coefficient for January 2023

30 000 x 0,223 = 6 690 €

Forecast sales for January 2024 will therefore be €6,690.

This calculation is based on a linear sales forecast. But be careful! Other parameters may influence seasonal forecasts upwards or downwards.

Our advice? Once you've made your calculations, always compare actual monthly and annual performance with your estimated forecasts. These analyses will enable you to adjust your marketing, stocking and human resources strategy accordingly.

And if you need a helping hand to refine your forecasts and boost your sales performance... Rakuten France is at your side. Here's how.

IV. Rakuten France: your ally in seasonality management

Yes, sales seasonality is an evolving trend, for all players in the retail industry. But here's one thing that never changes: our presence alongside marketplace sellers throughout the seasons. Over 12,000 professional sellers are active on our marketplace. To help them win over our 12 million customers, here's what we're doing:

  • Analytical tools: from their dashboard, Rakuten France sellers benefit from advanced analysis tools. Thanks to these tools, they can visualize and understand all their sales data. The ease of use of the analysis tools means that seasonal trends can be identified at a glance... Perfect for adjusting your sales strategy!
  • Targeted marketing strategy: from Rakuten France, you can set up targeted marketing campaigns for consumers, based on identified sales peaks. Is there a season when your e-shop needs to boost sales? Maximize your visibility to customers by following our recommendations.
  • Inventory management: this is a priority for all e-tailers aiming for growth. To make this easier, you can integrate data from your Rakuten France e-shop into your inventory management system. This makes planning more precise. Ideal for anticipating your next sales peaks.

Now you know how to understand sales seasonality, calculate your seasonal coefficient and anticipate future peaks. Our final piece of advice? Don't wait for the next acceleration period to make the best decisions! Join our marketplace and effectively develop your online business!


a woman is scanning barcode on a package

What is e-commerce fulfillment?

Having discussed the advantages of outsourcing your e-commerce logistics and relying on 4PL logistics to support you on a daily basis, we’ve decided to explain in detail a concept that is stillunclear to some:fulfillment.

In this article, we’ll explain the definition of fulfillment, its benefits and why our solution, the Rakuten Fulfillment Network, could well revolutionize your approach to e-commerce.

Definition of fulfillment

Fulfillment is an English term meaning “realization” or “execution”. In e-commerce, it is used to designate all the logistical operations that a merchant may encounter. Worth knowing:

1/ Inventory management

Anticipating future orders based on the shopping season, replenishing stocks accordingly, storing in one or more warehouses, regular monitoring to minimize costs linked to overproduction or overstocking… These are all key actions for the successful management of your merchandise. Properly managed, inventory management can greatly help companies to ensure that products are available to meet customer demands, while minimizing costs and losses.

2/ Receiving orders

Order processing and prioritization according to the delivery method chosenOrder reception must be seamless, and accompanied by real-time stock updates to avoid any disappointment for buyers.

3/ Preparation of orders and packaging

Collection of ordered products from the warehouse, verification ofthe order to ensure conformity, packing in appropriate materials, labeling of packages with shipping information.

4/ Shipping

Choice of carrier and prompt dispatch of the customer’s order to ensure maximum customer satisfaction . Today, consumer loyalty depends on responsiveness. Reducing delivery times must be an integral part of your e-commerce strategy to increase the performance of your business.

Once these steps have been completed, a good fulfillment strategy also focuses on 4 other steps, just as crucial to your company’s outreach:

5/ Package tracking

An informed customer is a buyer who is reassured about the status and estimated arrival of his order.

6/ Invoice printing

Invoicing and payment tracking are two of the most important aspects of careful invoice management.

7/ Returns management

Also known as reverse logistics, this involves providing buyers with an easy, convenient returns procedure. Fulfillment then takes care of receiving returned products, inspecting them to determine their condition and eligibility for refund or exchange, and managing refunds or exchanges in accordance with company policies. Here, fulfillment is an excellent partner for documenting returns to help identify recurring problems and improve the quality of the company’s products and processes.

8/ AFTER-SALES SERVICE

Provide support and assistance to customers when needed. After-sales service is not to be taken lightly, which is why fulfillment is a valuable ally in meeting all consumer needs, quickly, clearly and accurately.

 

The advantages of e-commercefulfillment

By choosing the right logistics provider, you increase your chances of ensuring exemplary performance and profitability, with growth as the watchword. E-commerce fulfillment is a real partner for your e-commerce strategy , with the following strengths:

Cost optimization

You can outsource e-commerce fulfillment operations to specialized service providers to reduce warehouse management costs, hire staff andinvest in infrastructure tailored to your needs.

Enhanced customer experience

A smoother shopping experience with faster, more reliable delivery options.This marketing strategy is designed to appeal to a growing number of consumers and build customer loyalty over time.

Flexibility

Your companycan quickly adjust its fulfillment strategy in line with demand and seasonal fluctuations such as sales, Black Friday and the Christmas period. This means you can respond to market and business growth without having to invest in costly and time-consuming additional resources.

Time-saving

Relying on an external service provider to help you manage your e-commerce logistics saves you around 25% of the time you would otherwise spend on your core business. For example, devising new marketing approaches and further developing your offering.

Visibility

Outsourcing your e-commerce logistics has its costs, but these are quickly recouped in view of all the benefits . E-commerce fulfillment providers offer real-time tracking tools that enable companies to monitor their inventory, shipments and returns, improving the visibility of their supply chain.

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What is the Rakuten Fulfillment Network?

As mentioned above, e-commerce fulfillment allows companies to devote more time to their core business, while offering consumers a fast, reliable delivery experience. As a direct consequence, this helps to strengthen customer loyalty and stimulate growth. Provided you find the external service provider that meets your needs in every respect..

With the Rakuten Fulfillment Network, you offer yourself a key solution to increase your company's reach .Here are our key benefits:

  • Support for all your fulfillment needs from a dedicated account manager.
  • Intuitive Rakuten Merchand Dashboard for simplified business management .
  • Clear pricing with fixed prices and no hidden costs, based on your needs.
  • Storage in one of our globally dispatched and connected warehouses.
  • Real-time stock management and replenishment requests.
  • Fast order preparation and dispatch.
  • After-sales service and reverse logistics.
  • Possibility of opening an e-commerce store on our Rakuten marketplace .
  • Manage your business from any other e-commerce site, your own or that of one of our competitors.

 


Reverse Logistics: How to Manage Your Product Returns Efficiently?

An essential link in the supply chain, reverse logistics is now an essential and strategic element to increase the attractiveness of your business. Read our dedicated article and learn how to turn it into a real strength for your business

What is reverse logistics?

The management of “normal” logistics, in commerce as in e-commerce, consists in managing the flow of goods from storage to delivery to the consumer. As customer satisfaction has become a major stake in a company’s success, it is now imperative to carefully manage any customer returns that may arise. This is what we call reverse logistics: from the consumer to the distributor, with all the steps that follow to manage these returned products.

Thus, reverse logistics is generally made up of 5 factors that we call the 5Rs:

1/ Returns

Consumers no longer hesitate to return a product that doesn’t meet their expectations. To be competitive, a company needs to give them the choice of returning it with or, better still, at no extra cost.

2/ Recalls

If certain items or an entire batch turn out to be faulty, it’s up to you to manage the returns. You may be offered a new item or a refund.

3/ Repairs

Once returned, goods must be inspected and repaired if necessary, so that they can be put back on the market in the best possible condition.

4/ Reconditioning

Increasingly popular with consumers, reconditioning is the perfect middle ground between new and second-hand. It is particularly popular in the high-tech sector – with smartphones and laptops at the top of the list – and in household appliances.

5/ Recycling

E-commerce logistics have a cost. A good way to reduce it is to opt for recycling returned products that cannot be put back on sale. It’s a simple and effective way to manage your overstock and help preserve our planet.

schema explaining the five factors of reverse logistics

Reverse logistics in figures

If delivery times are carefully inspected by consumers before validating their shopping baskets, so is the management of returns. Here are two figures that will make you realize the importance of good reverse logistics management:

  • 30% of products ordered online are returned to sender. This figure is 8.89% for purchases made in a physical store (Source: Invespcro)
  • 41% of consumers say they have bought several items with the intention of returning some of them. This is mainly the case for ready-to-wear purchases. (Source: Narvar).

Other reasons why consumers return their orders include:

  • In 23% of cases, the reason is the receipt of a different item from the one purchased online. This may be due to an error at the time of purchase or poor product presentation on the merchant’s website.
  • You should also be aware that 20% of returns concern products damaged in transit to the buyer. Hence the importance of choosing the right logistics provider to reduce the risk of damage.

Are customer returns really important to consumers? According to a WalkerSands study, 54% of buyers say that free returns and exchanges are the second most important influence in their decision to buy. It’s also worth noting that 67% of consumers find out about a company’s returns policy before making a purchase.

What’s more, 58% of potential buyers express the wish to be able to make a return easily, with clear and precise instructions on the site and/or inside their parcel. Having to send an e-mail or contact customer service to find out how to return a product is now unthinkable. In the same vein, 47% of consumers appreciate that the return label is easy to print, or even already present in their parcel.

Finally, if reverse logistics are poorly managed, 30% of consumers would no longer buyfrom the same site. This rate rises to 60% in the 18-25 age bracket

 

How does reverse logistics work?

For a better understanding, reverse logistics can be broken down into 3 stages:

1/ Return processing

The consumer signals that he or she wishes to return a product, the company accepts the return and schedules shipment. Some sites also provide returns already printed within the parcel. They are informed of the return when it is processed by an external service provider.

2/ Sorting returned products

Here you need to inspect the products and determine their return category. To improve the efficiency of your reverse logistics, don't hesitate to categorize products according to different options: to be repaired, resold as new, resold as a return, recycled, scrapped or refurbished.

3/ Restock

Put products ready for resale back on sale, and integrate them back into your existing stock

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How to optimize your reverse logistics?

Once you’ve realized its importance, you need to optimize your reverse logistics to attract more consumers. This attractiveness essentially involves :

  • A clear returns policy. Your returns policy must be easily accessible on your website, on the marketplaces where your products are sold, or in the packages sent out.
  • Meticulous analysis of the causes of returns. By asking your customers why they have returned a product, you can identify recurring causes and improve your offer accordingly.
  • Increased return times. In Europe, the minimum return period is 14 days. But a longer return opportunity gives your customer sufficient time to try out the product. This may enable them to reconsider their decision to return it, sometimes in a hurry.
  • Returned products can be put back on sale quickly. For optimum management of e-commerce logistics, it’s important to process parcels as soon as they are received. This means knowing whether the returned goods can be put back on sale straight away or whether they need to be repackaged beforehand. This will speed up remarketing and reduce your reverse logistics costs.

Finally,outsourcing your e-commerce logistics is an excellent strategy for boosting your business and enhancing its value in the eyes of consumers. It will enable you to simplify your reverse logistics as much as possible. You can then free up your time to exploit other acquisition levers to the full. A logistics service like Rakuten Fulfillment Network will take care of your customer returns, handling transport costs, quality control and restocking.

 


illustration du guide sur les marketplaces

Marketplace: Essential Guide to Boosting Your E-Commerce

8.8 billion dollars: yes, that's quite a sum. And, above all, it's the estimated share of sales on marketplaces between now and 2025. This would represent 70% of e-commerce, according to McKinsey (2022) and Be STF research & analysis.

Digital marketplaces continue to grow and seduce buyers and sellers alike. Good news for your company: it's not too late to learn how to ride the wave.

If you're interested in the world of marketplaces, you've come to the right place: so, what is a marketplace? How does it work? What are the best practices for selling effectively on them?

Follow the guide!

Definition: What is a Marketplace?

A marketplace is an online platform that facilitates contact between buyers and sellers. It's also known as a marketplace, shopping platform, multi-vendor e-commerce site..

On this type of website, sellers (independent, professional or private) can sell their products, solutions or services. In most cases, a commission is charged by the marketplace for each sale made. Other remuneration models exist (and we'll tell you about them shortly).

To best visualize this definition, imagine a large digital shopping mall. The marketplace is the mall. Each store inside represents a partner vendor. Visitors, meanwhile, can stroll from store to store... without leaving the mall, without disconnecting from the marketplace.

Does this business model appeal to you? You're not alone. For several years now, the marketplace world has been booming. Consumers are seduced by it, with 92% of shoppers planning to use marketplaces more and more (Mirakl 2022). 52% of French people even say they prefer to do all their shopping on a single site (Yougov 2021).

For sellers, a presence on a marketplace offers increased visibility, web traffic and sales. For example, in 2020, despite the Covid-19 crisis, partner sellers increased their sales by an average of 24% on marketplaces. Marketplaces grew at twice the rate of e-commerce. And this is just the beginning! (Mirakl study, 2021).

graphique indiquant la croissance des marketplaces

How do Marketplaces work?

Do you sell products or services? BtoC or BtoB? There's bound to be a marketplace platform that's right for you. But before choosing one, it's important to understand the different models that exist.

Not all marketplaces are remunerated in the same way. For example, some marketplaces offer their vendor partners :

  • A commission on sales: the marketplace takes a percentage of each sale. These commissions may be fixed or proportional to the amount of the transaction.
  • Registration or listing fees: sellers must pay a one-off or recurring fee to publish their products, services or solutions on the platform.
  • Additional fees: for example, some platforms like Rakuten offer services to outsource inventory management, storage or shipping of your products.
  • Monthly subscriptions : the price of these subscriptions generally covers features and benefits for partner sellers (such as greater visibility for their offers, lower commissions, etc.).
  • Paid advertising: to highlight certain products or services, platforms may offer paid promotion options on ads.

Some marketplaces may also combine different remuneration models, to diversify their revenue streams. What's more, some platforms also offer direct sales. This is not the case with Rakuten, which focuses 100% of its efforts on sellers.

At Rakuten, our compensation model is based on two offers, tailored to your business:

  1. A free starter package, with a higher variable commission and management fees.
  2. A paid expert subscription, with a lower variable commission and management fees.

 

Why sell on a Marketplace?

Now you know what a marketplace is, and how this type of platform pays for itself. But as a professional seller, do you know why you should choose this simplified form of e-commerce?

If you're still hesitating to take the plunge, here are 7 advantages of selling on Marketplace 2.0:

  • Improve your company's visibility: each marketplace benefits from an established user base and traffic. Sellers can thus increase their visibility.
  • Multiply sales opportunities: with its large, ready-to-buy customer base, a marketplace facilitates the generation of new opportunities. Sellers benefit from a continuous flow of potential customers to their listings.
  • Reduce marketing costs: by joining a marketplace, sellers don't have to start from scratch. They can take advantage of integrated marketing tools (product promotion, targeted advertising, recommendation of similar products) and an existing website (without having to develop their own technological infrastructure and communicate on it). The marketplace's loyal visitor base also limits acquisition costs. The result? Big savings!
  • Simplify sales and logistics processes: many marketplaces, such as Rakuten, offer order management, storage, packaging and shipping services. With such simplified processes, sellers can concentrate on producing quality products.
  • Secure transactions: selling on a marketplace means taking no risks when it comes to secure payment. This ecosystem is highly regulated. As an intermediary, the platform guarantees the smooth running of your sales transactions and data management.
  • Create a complementary sales channel: joining a marketplace doesn't mean giving up your traditional sales channel (physical store, e-commerce site, social shopping, etc.). It simply means multiplying additional sales opportunities! The marketplace is a choice compatible with your other channels, to amplify your reach on the Internet.
  • Boosting trust and credibility : a reputable marketplace offers a high level of credibility to sellers. And the good news is that buyers prefer to shop on a platform they can trust. This is your chance to earn their trust too!

What are the different types of Marketplace?

There's a marketplace for every business. Whatever your sector, you can invest..

1. A B2C marketplace

A case in point? Rakuten.

At Rakuten, we've been supporting the digitalization of 8,500 B2C businesses since 2002. Sellers of products or services for private individuals can create their online store on our marketplace, in a digital shopping mall visited by 15 million people.

capture d'écran représentant la page d'acceuil Rakuten

2. C2C Marketplace

A case in point? Rakuten too!

In our 2.0 shopping mall, 50% of products sold are second-hand. Consumers can sell their products, thanks to the "consumer to consumer" model. They benefit from numerous advantages (€5 free on the first sale, immediate redemption, Club R loyalty points, etc.)

page of rakuten website explaining benefits of rakuten

 

 

3. B2B Marketplace

A case in point? Unite (formerly Mercateo).

Unite (formerly Mercateo) has been revolutionizing the B2B market for 20 years. On this business-to-business marketplace, companies can buy office supplies and furniture, industrial equipment, catering equipment... A total of over 3.5 million products, in 13 countries!

In B2B, there are also numerous "cloud marketplaces". These online platforms offer cloud services and solutions from different suppliers, accessible from a single location.

4. Services marketplace

A case in point? Rover.

Rover is a specialized marketplace enabling pet owners to find pet sitters and walkers, worldwide. Over 2 million pet owners in 10 countries have booked services through the marketplace!

capture d'écran d'une page d'acceuil sur la marketplace Rover

5. Vertical Marketplace

A case in point? Doctolib.

Doctolib is the leading vertical marketplace for e-health. The site enables over 340,000 healthcare establishments in Europe to book appointments online for patients. today, 80 million patients use the platform!

capture d'écran de la page d'acceuil sur la marketplace Doctolib

6. Joining and selling on a Marketplace: best practices

Tempted by the marketplace adventure? Here are the steps and best practices to help you get started:

  1. Find the right platform: find out how to choose a marketplace for your e-commerce business. But beyond the platform itself, there's a crucial question: should you opt for a marketplace or create your own independent online business?
  2. Setting up an account: each digital marketplace has its own procedures. With our solution, for example, registration takes just a few clicks. All you have to do is create a professional seller account and follow the steps indicated. Once your details have been validated, you can start selling your products straight away. Simple, fast and effective.
  3. Define the right pricing strategy : on a marketplace, the prices of your products can be compared. Remember to set competitive prices to attract buyers.
  4. Optimize your product descriptions: quality descriptions and photos are essential for selling your products. Without them, it's hard to establish your credibility and win the trust of buyers.
  5. Ensure good stock management : if you choose a platform that doesn't manage your stocks, it's your responsibility to ensure that your products are always available, to avoid any problems when orders are placed. Check your stocks regularly, set a critical threshold for restocking, and work (if necessary) with several suppliers to keep up to date.
  6. Deliver quality customer service : customer satisfaction is a priority. It is then analyzed by the marketplaces. At Rakuten, we use the Merchant Quality Score. It's based on ratings and opinions given by buyers, delivery experience and catalog quality. The higher the score, the greater the visibility of the partner seller's ads in strategic locations (Google Shopping pages, price comparison sites, product category home page, etc.)
  7. Benefit from ongoing support: at Rakuten, all our sellers have access to an E-Commerce Consultant. These dedicated E-Commerce Consultants support the platform's 8,500 professional sellers on a daily basis. Got a question? A need? We've got you covered!

Ready to develop your B2C sales outlet on a marketplace? To help your growth take off, join Rakuten France.


Gestion des stocks

How to Improve Inventory Management?

Having given you a few tips on how to reduce delivery times and put the spotlight on 4PL logistics, let’s now turn our attention to inventory management. How can we improve it on a daily basis? How can it be optimized without costing too much time and money? Here are our tips and tricks to help you do just that

Why is it important to optimize inventory management?

Just as a good reverse logistics strategy is crucial to improving a company’s attractiveness, inventory management is an important factor in raising the profile of your business, building loyalty and attracting more customers. And there are many reasons for this. Good inventory management makes it possible to :

  • Better visibility of the supply chain;
  • Avoid under-stocking to avoid lost sales;
  • Minimize overstocking to save money spent unnecessarily;
  • Minimize losses due to inventory errors;
  • Improve servicequality and, by extension, customer satisfaction through compliant products and faster delivery.

All these concepts, which are an integral part of fulfillment, are bound to have been on your mind at one time or another. All you needed to do was find the right inventory management method for your business

Improving inventory management: the available methods

Whatever your business, there’s bound to be a solution adapted to your inventory management among the following 8 methods:

1/ FIFO (First In First Out) method:

Items are sold in the order of arrival, i.e. the first items in stock are the first to be dispatched. This inventory management method is mainly used for perishable products or products with an expiration date.

2/ LIFO (Last In First Out) method:

Last in, first out. Products sold are the last to be put into stock. This method is often used for non-perishable products.

3/ Continuous replenishment method:

This involves replenishing stock as soon as it reaches a predetermined minimum level. This technique is frequently used for fast-moving products.

4/ Just-in-time method:

Order and produce only what you need for each stage of production or distribution. Your stock will be limited, and you’ll only buy the products your customers want. However, you need to be careful with this type of inventory management: your supplier needs to be reactive in order to respond as quickly as possible to consumer expectations.

5/ Demand forecasting method:

Manage inventory according to upcoming trends and the shopping season – Sales, Black Friday, Christmas, etc. – to anticipate higher or lower sales volumes. It’s important to understand your sales seasonality.

6/ MRP (Material Requirements Planning) method:

Inventory planning based on the need for raw materials, components and finished products to meet customer demand. This method uses sales forecasts and production lead times to calculate the supply requirements needed to produce finished products.

7/ ABC method (Activity Based Costing) :

Allows products to be classified according to their value to the company, and management efforts to be concentrated on the most important, most in-demand and most profitable references.

8/ Outsourcing logistics :

What if the key to good inventory management lay in outsourcing your logistics? Storage and management of orders, packaging and delivery of parcels, after-sales service… The benefits of outsourcing are numerous, provided you choose the right logistics provider.

With our Rakuten Fulfillment Network method, you can put all the chances on your side to grow your business in the best possible conditions. A 100% intuitive solution tailored to your needs, which manages your inventory and replenishment requests in real time, as well as the preparation of orders and the storage of your goods in one of our many warehouses around the world. All this at a fixed price, with no hidden costs, truly tailored to your needs.


infography presenting advantages of rakuten fulfillment network


quelqu'un contacte un service client sur son ordinateur

E-commerce Customer Service: How to Satisfy and Retain Your Customers

In e-commerce, the relationship between customer and brand is unique in that it is dematerialized. Brands rarely meet their buyers face-to-face, unlike in traditional retail. Yet e-buyers need attention, assistance and support just as much: that's what customer service is all about .

The aim of e-commerce customer service is to deliver impeccable customer service to consumers who buy online. The aim is to help customers before, during and after their purchasing journey. Typically, all these interactions are handled by a dedicated department within the company. But delivering memorable customer service and experience must be everyone's priority, in-house!

In this guide, find out how to optimize your online customer service. Benefits, differences with in-store customer service, best practices... Let's get started.

1/ The benefits of e-commerce customer service

5 out of 10 French customers contact customer service with a question or an update on their order or delivery (source: Essendex survey, 2023). More often than not, these requests concern the resolution of a problem... But that's not the only role of customer service!

 

graph from essendex surveyGraph Source : Essendex survey 2023

 

A (good) e-commerce customer service department takes care of rapid assistance, managing returns and refunds, collecting customer reviews... But also of personalizing the shopping experience, by proposing exclusive offers and promotions. The aim? Take care of customer relations on digital channels, and offer a memorable consumer experience.

Deploying such an e-retail customer service strategy offers numerous advantages:

  • Improved customer knowledge : at the heart of a customer service approach is listening. By listening to customers' needs, expectations and problems, you can improve your knowledge of them. And thanks to this customer knowledge, you'll be able toanticipate the best actions to satisfy each customer. Perfect for boosting conversion rates over the long term!
  • Lower customer acquisition costs: thanks to exceptional customer service, companies can increase re-purchase and loyalty. And thus reduce their prospecting and acquisition efforts (and, above all, costs!). A new customer costs on average 5 times more to acquire than one to retain... Hence the importance of delivering perfect assistance, at every stage of the purchasing process.
  • Increased customer loyalty : according to Microsoft, 95% of customers consider support to be an important criterion when choosing and deciding to stay with a brand. For an online store, customer service is the cornerstone of retention and loyalty. This is one of the main benefits: thanks to the efforts made by customer support, loyalty increases!
  • Increased growth: the impact of good customer service on ROI and sales is considerable. First of all, if customer service helps build loyalty, this loyalty rate is reflected in profits. According to a study by Bain & Company, increasing customer retention rates by just 5% can boost profits by 25% to 95%. Today, 64% of business leaders say that customer service has a virtuous impact on their brand's growth (source: Zendesk, 2023). Food for thought!
  • Improving the customer experience: in e-commerce, the experience is not just transactional. It's also relational! When a customer service department responds responsively to customer expectations, customers are all the more satisfied. This increase in customer satisfaction impacts loyalty, and all the other benefits described above. Remember: the customer experience (both in-store and online) remains the most important preference criterion for consumers... And customer service is part of the reason why! (Source: Dunnhumby Barometer, 2023)
  • Improved team productivity: in e-commerce, having a dedicated customer service department is a guarantee of productivity. But it also enhances the quality of exchanges, thanks to a team trained in customer support and relationship management. Deploying a customer service department and a dedicated team increases the productivity of all other teams... Where everyone can concentrate on their missions, as efficiently as possible.

Now you know why you should set up a customer service department for your online store, DNVB or ONVB. But do you know how to differentiate it from in-store customer service? And which features to deploy, to deliver the right 2.0 support?

2/ In-store customer service vs. e-commerce

No, in-store customer service is not the same as e-commerce customer service. There are many differences. And online site owners must learn to adapt, to satisfy consumers.

Between the physical store and the e-commerce site, each channel has its own strengths and constraints, influenced by buyers and the specificity of the product or service on offer. And if you're an e-commerce player... Here's how to take advantage of customer service 2.0, which modernizes and improves the customer experience:

Criteria Physical store E-commerce
Availability Limited to store opening hours. 24/7, accessible at all times.
Interaction Direct and personal. Mainly digital (e-mail, chat, social networks).
Problem resolution Often immediate for returns and exchanges. Can be delayed by delivery and processing times.
Personalization Based on human interaction. Use of data to offer personalized solutions.
Advice Personalized advice and product demonstrations. Advice via FAQ, forums or chatbots; less personalized.
Returns and exchanges Immediate processing possible. Requires shipping, with variable lead times.
Associated costs Depends on store policy. Return or shipping fees may apply.
Accessibility Requires physical presence of customer. Accessible from any location with internet.
Request tracking Managed in-store without systematic digital tracking. Detailed, automated online tracking of requests.
Technology Limited to in-store equipment. Technological advances such as AI to improve after-sales service.

Thanks to electronic channels or tools, connected customers want to benefit from unified assistance. The challenge for e-commerce customer service? To offer reactive, personalized assistance, accessible from any support and seamless. Indeed, customers hate having to repeat themselves, between different channels of exchange with the company. 93% of them are even prepared to spend more if the brand avoids repeating itself. And 73% of customers want to be able to start a discussion on one channel, then continue on another... And face an interlocutor who understands them, who knows them.

But how do you create this seamless, unified customer service experience? How do you deliver the best online support? Follow the guide!

 

3/ E-commerce: 6 best practices for outstanding customer service

1. Focus on omnichannel customer service

Today, 57% of customers prefer to interact with a company via digital channels. Even if, in the event of a major problem, the most suitable channel remains the telephone for 81% of professionals (source: Salesforce Report, 2023). So, e-mail, telephone, social networks... which channel should you choose?

Rather than asking the question of "which channel to choose", ask yourself: what are the complementary channels for my target e-commerce customers? To meet the needs of all your customers, you need to be omnichannel. The aim is to offer consistent points of contact to meet consumer expectations. But be careful! Each channel requires resources (human, technological or financial). The multiplication of channels must not impact your responsiveness!

2. Respond quickly to customer requests

Responsiveness is one of buyers' top expectations when it comes to e-commerce customer service. in fact, 39% of customers consider it a priority to receive a response or solution as soon as they make their first request (source: Qualimétrie, 2022). On the other hand, waiting hours on the phone, or e-mailing support several times... that's the best way to drive customers away!

To deliver quality customer service, you now know what to focus on: responsiveness! Digital channels such as chatbots and instant messaging are particularly interesting for responding to customers in real time.

3. Offer customer autonomy tools, such as an FAQ page

94% of French people want to solve their own problems (source: Yext study, 2023). Today, autonomy is paramount. With just a few clicks, consumers want to find accessible answers, at any time of the day or night. To guarantee such access to information and answers to the most frequently asked questions, here's a golden tool: the FAQ.

On an e-commerce site, FAQs can be used to group together the most frequently asked questions, such as :

  • What delivery methods are available ?
  • What are the conditions for returning a product?
  • What should I do if an item is defective?

The ideal solution? Create a dynamic FAQ. This tool integrates a search bar on the FAQ page, enabling the customer to type in specific keywords... to bring up the right question, providing the right answer. Rather than scrolling endlessly through a web page.

4. Personalize assistance, for maximum satisfaction

Being treated like a number: that's what customers hate, in e-commerce as in retail. Especially when it comes to asking for help! As soon as a customer contacts your customer service department, make sure you personalize your exchanges. Customers need to feel unique, listened to and recognized.

Here are a few best practices to demonstrate this personalization:

  • Collect, analyze and centralize customer data. When you contact them, your support team will know their purchasing history, preferences, key information, etc
  • Address customers by name. Whether you're communicating with them in writing (by e-mail, on social networks, by chatbot, etc.) or over the phone, always make sure you name them, to create a sense of proximity.
  • If there's a quid pro quo to offer (such as a gift, as compensation), be sure to offer a personalized product or service recommendation. Rely on previous purchases to offer the most appropriate attention.

5. Train the team for maximum efficiency

You can't become a customer support expert by snapping your fingers. To take care of customer relations, offer effective assistance, respond to customer problems in a responsive and appropriate way... Training and a qualified team are necessary! Human and interpersonal skills are required, as well as technical skills.

Indeed, to respond to the concerns of online buyers, it's important to be trained in the products, services and tools used in-house. Knowledge base, customer support channels, self-care tools such as chatbots... A properly trained customer service team means optimized customer satisfaction!

6. Collect, manage and respond to customer feedback

Online reviews are an integral part of customer service. What do customers have to say about your company after they've purchased your products or services? And what do you do with these reviews once they've been collected? And who is responsible for responding to each customer?

Defining a customer feedback strategy is essential to delivering a quality experience. In e-commerce, your three priorities are to :

  • Collect post-purchase reviews : via a satisfaction questionnaire, or through spontaneous review platforms.
  • Manage the opinions collected : share them with all internal teams, and use these opinions to demonstrate continuous improvement (on the product, marketing, the online purchasing process, etc.). Don't forget to publish each product review on its own product page.
  • Respond to all feedback: whether it's positive or negative, show customers that every piece of feedback counts.

By doing so, you take care of existing customers, while attracting new buyers! To find out more about customer feedback strategy and measuring customer service success... Be patient. We'll explain it all right after.

4/ Should you automate your e-commerce customer service?

This is THE big debate. Should you automate all or part of your customer service for your e-commerce site? At Rakuten, here's our opinion: automation tools are golden levers for relieving the burden on support teams... without replacing them! Indeed, technology is not intended to replace an entire team of online customer advisors. On the contrary, it can speed up the processing of the most common customer requests.

Thanks to these automated tools and processes, customer service teams can concentrate on less time-consuming or repetitive tasks. Like responding to the most important customer issues. It's a real time and efficiency saver.

Among the automation tools most frequently used by e-commerce customer services are selfcare solutions. These chatbots or FAQ solutions enable customers to be more autonomous, and get instant feedback on their questions. Certain channels can also be automated, such as e-mail or telephone messaging. The latter is known as an IVR, or interactive voice response system.

Finally, knowledge-base or CRMtools are particularly important for automating part of the customer management process in-house.

If you'd like to start automating your e-commerce customer service, here are a few interesting tools, depending on your needs:

E-mail automation Salesforce Pardot, Mailchimp, Sendinblue , ActiveCampaign HubSpot Email Marketing Get Response , Constant, Contact ConvertKit, Drip, Autopilot
Live chat and chatbots Dialogflow, ManyChat, Drift, Intercom, Chatfuel, Zendesk Chat, Tidio, Botsify, LivePerson, Watson Assistant
Customer relationship management (CRM) software Salesforce, HubSpot CRM, Zoho CRM, Microsoft Dynamics 365, Freshsales, Pipedrive, Insightly, Oracle CRM, SAP CRM, Nimble
Interactive Voice Response (IVR) Twilio, Genesys, Avaya, Cisco Unified Contact Center, NICE inContact, 8x8, Five9, Aspect, RingCentral, Interactive Intelligence
Skill-based routing Avaya, Cisco, Genesys, NICE inContact, Five9, 8x8, RingCentral, Aspect Software, Mitel, Interactive Intelligence

5/ Customer service and marketplaces: how to manage after-sales service?

Now you know how to manage customer service on an e-commerce site. Now imagine: you decide to join our 12,000 sellers on Rakuten, our marketplace. You create your e-shop, complementary to your e-commerce site, directly on our digital marketplace. Our 13 million loyal buyers are just a click away ... And you'll quickly make your first sales. But if you have any questions, how do you handle customer relations? How do you provide customer service on a marketplace?

At Rakuten, nothing could be simpler. Our marketplace offers complete, dedicated support for after-sales service. We provide you with specific tools for your online store. And as a Rakuten seller, you'll benefit from extensive support via internal messaging, to help you manage and optimize your after-sales service.

Delivering service excellence (omotenashi) is one of Rakuten's fundamental pillars. Our priority? To guarantee a caring approach and a committed presence with our sales staff... And to encourage them to adopt a similar attitude towards their customers!

To find out more, find out how to communicate with a Rakuten buyer and answer their questions.

6 / Measuring the success of your customer service: the last essential step

E-commerce customer service now holds no secrets for you. Ready to launch your own digital customer support strategy? Once you've deployed your support and initiated the first interactions, think about this indispensable step: measuring the strategy's performance. Gathering KPIs is essentialto improving customer experience and operational efficiency .

Here are the main KPIs to collect and track:

  1. First Contact Resolution Rate (FCR): Indicates the percentage of problems resolved on first contact.
  2. Average Response Time (ART): Calculates the average time taken to respond to customer queries.
  3. Average Resolution Time (ART ): Measures the average time required to completely resolve customer queries.
  4. Call Abandonment Rate: Percentage of calls abandoned by customers before speaking to an agent.
  5. Contact Volume: Tracks the total number of requests received by all service channels.
  6. Agent Satisfaction Rate: Assesses the level of satisfaction and well-being of customer service agents.
  7. Sentiment Analysis: Uses AI to analyze the emotions expressed in customer communications.
  8. Cost per Contact: Calculates the average cost of handling a customer service request.
  9. Customer Satisfaction (CSAT): Measures immediate customer satisfaction after an interaction or purchase.
  10. Net Promoter Score (NPS): Evaluates the likelihood of customers recommending your company to others.

These last two indicators are particularly important. As we mentioned earlier in this article, collecting customer reviews is essential for gaining insight into customer satisfaction and recommendation.

At Rakuten, this monitoring is a priority. We offer you the opportunity to evaluate your quality as an e-retailer through several criteria linked to customer satisfaction, your delivery strategy and your catalog. So you can improve the quality of your customer service... and much more besides!