Sunday, Nov 3 2024 | Time 17:51 Hrs(IST)
image
Business Economy


Over 55k sellers from Telangana sell their products on Amazon

Hyderabad, Oct 1 (UNI) To make the festive season of 2024 a big success for sellers in Telangana and across India, Amazon has rolled out various initiatives and innovations.
The Amazon Great Indian Festival 2024 is now under way and the company has claimed that this year’s sale has witnessed a record 11 crore customer visits in the first 48 hours.
Out of these, 80 per cent of customers came from Tier 2 and smaller towns.
The Amazon Great Indian Festival started from September 27 with 24-hour early access for Prime members and “has seen the biggest ever opening for its sellers and brand partners on Amazon.in,” the e-commerce giant said on Tuesday.
During the last four-day Great Indian Festival sale, the month-long sales, 10 lakh products were delivered on the same day, while 40 lakh products on one-day, said Gaurav Bhatnagar, Sales director at Amazon India, in a press conference here.
Over the years, the company has invested in creating a robust physical infrastructure across India and in Telangana, he said today, it has six large fulfillment centres and one sortation centre in Telangana, along with nearly 70 amazon-owned and partner delivery stations.
"This year, we have opened three fulfillment centres -- at Delhi-NCR, Guwahati and Patna," he said that these centres would support sellers to deliver to customers across 100 per cent serviceable pin codes.
Without disclosing the business turnover during the four-day big sale, he said the company announced a significant reduction in selling fees -- three to 12 per cent across categories such as groceries, fashion and electronics, to help sellers increase their earnings and offer better prices to customers.
This will give sellers an opportunity to optimize their operations for the Diwali shopping rush and continue to drive business growth after the festivities, he said.
The festive season, is a big opportunity for SMBs in Telangana to boost their online business through e-commerce, with a potential increase in consumer spending, he said this year, more than 55,000 sellers from the state out of 16 lakh sellers across the country (last year 14 lakh sellers), will list and showcase their products on Amazon.in, reaching their customers across 100 per cent serviceable pin codes of India.
By taking advantage of the increased demand, traffic and special offers, these sellers can boost their sales and reach new customers, he informed.
To support sellers, Amazon has introduced several new tools and features like Sale Event Planner, which assists sellers in managing and executing major sale events, and AI-powered innovations such as Imaging Services and Listing Assistants, Gaurav informed.
The Self-Service Registration (SSR 2.0) simplifies on boarding with multi-language support and streamlined registration and invoicing processes.
Additionally, the Sale Event Planner helps sellers craft compelling deals and provides valuable insights for effective inventory planning.
The New Seller Success Centre offers detailed guidance on setting up online shops and utilizing features like Ads, Prime, and deals.
Multi-Channel Fulfillment (MCF) will make it easier for sellers to reach more customers by using Amazon's delivery network, he added.
UNI KNR SS
More News

Kottayam-Kochi Rubber market Rates

02 Nov 2024 | 4:54 PM

Kottayam, Nov 2(UNI) Following were the Rubber Market rates announced by the Rubber Board here Saturday per quintal.

see more..

Mahindra’s Farm Equipment Sector records highest-ever tractor sale during Oct 2024

01 Nov 2024 | 11:17 PM

Kolkata, Nov 1 (UNI) Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), part of the Mahindra Group, on Friday reported highest-ever tractor sale of 64,326 units in India during October 2024.

see more..

Sensex surges 335 06 pts at Muhurat Trading

01 Nov 2024 | 8:24 PM

Mumbai, Nov 1 (UNI) The BSE Sensex on Friday rallied 335.06 pts at
79,724.12 in a special Muhurat trading session, marking the beginning of the Hindu Calender year (samvat 2081).

see more..
Sensex jumps 634 pts

Sensex jumps 634 pts

01 Nov 2024 | 7:01 PM

Mumbai, Nov 1 (UNI) The BSE Sensex on Friday spurted 634 pts to 80,023.75, marking the beginning of Hindu Calender year (samvat 2071).

see more..

TVS register highest ever monthly sales in Oct

01 Nov 2024 | 6:39 PM

Chennai, Nov 1 (UNI) Two and three wheeler makers TVS Motor Company recorded monthly sales
of 489,015 units in October 2024 with a growth of 13% as against 434,714 units in the month of October 2023.

see more..
image