by Ariful | Jun 14, 2020 | European VAT
TITLE: Selling Your Products in Europe: Your Path to the EU Market
How Can You Sell Your Products in Europe?
Consumers increasingly turn to their computers and phones to discover the latest products and trends. These technology-driven opportunities can help you sell your products in Europe. That is why many companies have taken advantage of digital channels and made their products visible, accessible, and available to the online market. One preferred platform for selling products is Amazon. According to Statista — a German web portal for surveys and statistics — Amazon garners about 206 million monthly visitors from all over the world; 31.8% of them are from Europe. That is why it comes as no surprise that a number of companies, whether big or small, expand their businesses online.
So how do you become one step closer to being visible to the European market? Read on to find out.
Know the Requirements
While it is indeed fulfilling to be able to sell your services and products to the European market, expanding your business to Europe comes with a long list of requirements.
Paperwork, applications, and legal documents are just some of the many prerequisites that you must be willing to work through before you can watch your business grow in a continent where online shopping is prevalent.
Many entrepreneurs get discouraged once they realise that there are countless obligations that need to be fulfilled when expanding their business to Europe — especially those who do not reside there.
But with the guarantee of greater business success, a few bold business-minded individuals take the risk of scaling their business to the European continent because it is, without a doubt, a rewarding strategy.
Seek Assistance
Starting an e-commerce business is not as intimidating as it used to be. With Sterlinx, we offer you a head-start that cannot be found anywhere else — we provide you with a team of highly skilled, experienced, and dedicated lawyers and Amazon accountants to guide and assist you in your business expansion to the European Union.
Our team of lawyers is always available to offer you legal assistance and help you with the contracts and documents that you need to submit.
We work carefully, responsibly, and diligently to make sure that you can legally and freely run your business in the UK or Europe. Our lawyers are knowledgeable and highly skilled, and are always willing to offer their legal assistance.
They will happily assist you with your regular contracts — from analysing and drafting, to reviewing.
In Conclusion
Countless people dream of starting a business, as it is something you can have full control of. Many of them often get discouraged when they realise that there are a lot of things that need to be done.
To some, even if they have the niche and the means, they are too busy to take the first step towards greater success. That is why Sterlinx is here to help you with everything that you need and everything you need to get done.
We make lives easier as we open doors to endless opportunities for you and your business.
Sign up with Sterlinx now to be a step closer to becoming a successful entrepreneur.
by Ariful | Jun 13, 2020 | EU VAT Updates
TITLE: How to Expand Your Business to Amazon Europe: A Step-by-Step Guide
How to kickstart your way to expand to Amazon Europe
Most online shoppers in the UK and Europe prefer Amazon as their go-to Marketplace to purchase products. With this, it is a sound business decision to expand to Amazon Europe. Amazon has a cataloguing system that allows you to sort out your products to be more visible to the consumers. It is also the preferred platform by most E-Commerce Businesses as it’s a place that allows your company to grow and get recognised along the way.
But where do you start if you wish to reach the European market? Read on.
Find the Perfect Platform for Your Products
Countless entrepreneurs who only managed to grow their business decently experienced rapid growth in their business development because of the availability of various E-Commerce platforms.
While it’s easy to decide whether to sell on Amazon or not, the process an entrepreneur must go through is usually lengthy and often complicated.
Unfortunately, to some, there are instances where rejection happens for a wide variety of reasons – not being a legitimate business — but claiming that you are — is just one of them.
Register Your Business
Fortunately, here at Sterlinx, your trademark registration is now easier than ever before. Registering your trademarks is an important process to help establish your brand and image.
We value your reputation; that’s why we provide you with a type of service that is guaranteed to jump-start your business.
Sterlinx has a team of reputable and dedicated Amazon Accountants and Lawyers who will happily help you register your trademarks in the UK.
Once you sign up with Sterlinx, our Legal Services are available to you 24/7 should you have any questions regarding your business, requirements, and ongoing processes. We offer a digitised process that is fully electronic.
Your E-Business is guaranteed to be ready and can be managed as well as operated in no time
Understand the Requirements Needed
Signing up with Sterlinx offers another opportunity for you – we will also happily assist you with your business’ IPO Process.
Our legal advisers will draft, evaluate, and review your IPO documents and will make sure that any claims made by your enterprise are true and accurate.
We will thoroughly investigate your company to make sure that we fully understand your firm. Sterlinx’s lawyers will also analyse any risks your company may have – should there be any.
By providing you with legal assistance for your business, we guarantee that our lawyers will assist you with your contracts while making sure that you understand all the documents you submit or encounter at any given point.
Establishing a business in unfamiliar territories may sound like a decision that can cause a lot of doubts, but the rise of the recent companies who have had the fortune of scaling in these areas is the true mark of what E-Commerce can possibly do for your business overall.
And Amazon is just one of the readily-available platforms that await you. With Sterlinx, fears, doubts, and hesitations are all eliminated because of our services – and signing up as a legitimate business in the European territory can now be the least of your worry.
By signing up with Sterlinx, we ensure that the tiring and gruesome processes required to register your business are a thing of the past.
by Ariful | Jun 1, 2020 | E-Commerce
TITLE: The Essential Guide to Bookkeeping for Your E-Commerce Business
Bookkeeping is one of the many accounting terms often discussed by successful businessmen. Bookkeeping in an e-commerce business, however, can be a confusing and intimidating concept that requires professional explanation. Even then, bookkeeping is not a term that everybody will fully understand. For such a complex and difficult concept, you might think it’s an obsolete process that doesn’t need to be used anymore – given technological advancement and available resources. Yet, bookkeeping remains widely implemented whether a business is big or small.
Bookkeeping in an E-Commerce Business is Essential
So why exactly is bookkeeping a crucial process in every business? What goes on in bookkeeping and what else needs to be understood? Read on to find out.
1. Why is Bookkeeping Important?
Bookkeeping is an important yet often neglected process in every business. Organising your income tax records, financial statements, ledgers, and journals are key to a successful business.
These documents each have their own advantages and their visibility helps you understand everything you need to know about your company and how it’s performing as a whole – based solely on numbers.
2. What is an Income Statement?
One of the many important financial statements that needs to be prioritised in bookkeeping is the Income Statement. Income statements are used to analyse a company.
It indicates the company’s expenses, revenues, and overall profitability. It is a required process that ensures your business is growing and indicates the actions that need to be taken in order for it to scale or grow to be more successful.
3. What is a Balance Sheet?
Balance Sheets, like cash flow statements, are vital documents that can be presented to provide potential lenders and investors an overview of the company’s financial condition.
Balance sheets also indicate the company’s assets and liabilities as well as its equity at a given moment.
4. Do I Need to Learn Accounting to Understand All These?
Succinctly, both yes and no. As a startup business and entrepreneur, balance sheets and income statements are some of the bookkeeping documents you have to understand. It is often complex and confusing, especially for someone who just recently started a business.
Many business owners admit to not knowing much about preparing their company’s balance sheets. Coming up with one requires proficiency and expertise in accounting. But you don’t have to do everything yourself.
That’s why most businesses have an in-house accountant – to manage their accountancy and its processes for them.
5. How Can I Easily Manage My Bookkeeping Documents?
Professional bookkeeping services will help you reduce your worries when it comes to bookkeeping and other accounting-related tasks. A proficient Amazon Accountant can be delegated to manage your balance sheets along with other documents to assist you in your business’ growth and development.
The accounts manager allocated to your company will monitor and keep track of your business’ assets, liabilities, and equity so you can concentrate on your business’ growth without the fear of it declining.
Customised packages are also available that will ease your whole bookkeeping process. These services provide an efficient way of keeping track of your company’s profitability, revenues, and expenses, as well as other necessary documents like bank reconciliation.
Professional bookkeeping management is a profitable business venture that is guaranteed to provide years of success and financial rewards. The documentation of your important information is guaranteed safe and managed.
by Ariful | May 30, 2020 | Business
TITLE: Top 3 Reasons Amazon Sellers Get Banned — And How to Avoid Them
What are some violations of Amazon Sellers that got them banned?
Around 200,000 sellers are selling in Amazon Europe and the platform won’t go easy on violations of Amazon Sellers. Some of them, unfortunately, get their accounts flagged. While it can sometimes be from their own mistake or wrongdoing, sometimes it’s just a small policy that they neglected and then paid the price for it. After talking to a few sellers who got their accounts banned, we found out the top 3 reasons why this happens:
1. Violation of Amazon TOS
Following the applied terms and conditions is vital in every endeavor, and the Amazon marketplace is no exception. If a seller is found to be breaking the laws specified by Amazon, they will be blacklisted – and their products are completely removed from Amazon.
Many sellers take desperate measures like black hat SEO methods or abuse the Amazon Reviews and Feedback system to get more sales. If caught, Amazon can put your account down – which leads to a lot of stress and loss in your business.
To prevent this, avoid using these methods as much as possible. Be a genuine seller – Amazon will help you grow.
2. Forbidden Products
Many sellers do not do legal and market research properly. As a result, they only find out about the regulations later on. But Amazon, due to its policy, terminates the accounts leading to severe issues.
So, get a proper legal check done by an expert before finalising the product you are planning to launch on Amazon. Any item that can be potentially suspicious for the Amazon algorithm or a product that’s associated with a potential risk of getting flagged by consumers should be avoided at all costs.
Also, the law varies according to the country you pick, so make sure your products follow the code specified by the government of that particular country.
3. Poor Customer Service
Customer service is the key to a buyer’s heart. If your aftersales support is competent and satisfactory, you will gain a lot of customers for your business.
Many sellers ignore this simple fact and won’t reply back to the emails or won’t pick up the calls – this leads the customers to publish negative reviews. Amazon is very sensitive to the reviews posted by customers.
A lot of negative reviews and feedback can lead to the suspension of the seller’s account. This is a very vital part of every business, yet most people do not pay attention to this and suffer later in their business. If you have further inquiries on how to manage your customer service better, contact us at Sterlinx Global and we will provide you with expert customer service solutions.
While the first and second reason listed requires you to take precaution and proper research — a task that can only be performed only by the seller — we are here to help you with the third issue – Customer Service.
STERLINX provides the most professional customer service solution to help you cater to the needs of your buyers. Our Virtual Office with Call Answering Service allows you to have your own customer support agents to take calls for you. We will reply to your customer queries to guarantee that your customer support ratings go higher and higher. We are confident that our world-class support will lead your business to more sales and a safe account for your eCommerce business.
by Ariful | May 22, 2020 | Business
TITLE: Top Reasons Why Amazon Businesses Fail and How to Avoid Them
Top Reasons Why Amazon Businesses Fail
Amazon is the biggest eCommerce platform in the world. With a lot of factors to consider, it is no surprise to see Amazon businesses fail.
It’s the preferred platform of many entrepreneurs. Even though there are countless sellers who can attest to eCommerce as a fundamental factor in their increased profit, many still fail to operate their businesses successfully.
A large fraction of eCommerce business failures consists of micro-businesses. Owners of these businesses are usually forced to face a disheartening predicament once they realise that their company isn’t earning as much as it should.
But why exactly do businesses fail despite the accessibility of eCommerce platforms? Read on to find out.
Low Competition
The biggest challenge for a business is competition. With so many other companies selling the same products and offering the same services, it can be difficult for you to stand out. One solution to this is to expand your services and market your products in Europe.
Amazon is available to 250 million people in five of the biggest European countries alone.
This makes Europe an ideal place to market your products because not only is it home to a growing population, but Europe is also only seeking services from 200,000 sellers. It is a significantly small portion of the total number of sellers worldwide — which is estimated to be around 2 million.
Most entrepreneurs shy away from expanding to Europe as they think that sticking to the Western market is a better option. Since the United States and the rest of North America are bigger countries, many believe that it’s home to a greater population — which they believe can help them sell their goods more successfully.
However, companies who expand their business in Europe are proven to be thriving more in terms of profit compared to those who remain to sell in the US and its neighbouring countries.
One thing that needs to be considered before expanding to Europe is the cultural difference between the US and the European market. Customers and their expectations and terminologies vary from one country to another. There are minor differences in the language and traditions that should be addressed.
If you plan to sell sneakers in the UK, labeling them as “trainers” would be more suitable as it’s the common and more recognised term – these small details have a significant effect on the sale of products.
Customer Service
It may seem unimportant to many business owners, but customer service can significantly grow your brand in many ways.
Even if you are selling a unique or excellent product, there are still instances where some of the customers will face a problem regarding it – and it’s the responsibility of your customer support to get those issues resolved efficiently; because of the lack of customer support can tremendously affect your reputation.
Poor customer service can get you negative reviews. The Amazon algorithm is prompted when it receives weak feedback regarding your products, which can result in the platform stopping the promotion of your listings – this is detrimental in terms of being ranked organically, or defeating the PPC competition.
If your product is not listed on Amazon organically, it will never show up in the searches made by customers for a similar product. Therefore, the chances of your product getting sold decreases instantly.
Product Reviews
It is evident that many failed businesses on Amazon have poor ratings given to them by customers. Customer feedback is paramount to your business because over 90% of people buying on Amazon wouldn’t purchase an item with less than a three-star rating.
Having great customer service gets you an immense amount of excellent feedback which can positively impact on your sales. This can result in Amazon promoting and prioritizing your products which can get you more views.
Statistics show that the buyers are more interested in spending on a product that comes on the first page of their search than the others.
Every entrepreneur aspires to own a successful industry. With the availability and accessibility of selling on Amazon and other eCommerce platforms, it’s vital that you provide your customers with a convenient way to know more about your products. Because providing this type of service can give you positive reviews in return.
In Conclusion
While it may seem like a daunting task to answer every inquiry from everyone, companies like Sterlinx have found a solution that can aid in the improvement of your customer service.
Sterlinx can help your business grow as an eCommerce seller because they provide your business with its own virtual call centre. Check Sterlinx Global to get all the best solutions to help you grow your business. Your virtual call centre can answer phone calls and respond to emails sent to you by your customers. You no longer have to check them one by one just to make sure that you will receive great feedback – because Sterlinx ensures that you do.
