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Developing a Profitable Retail Niche Market for African-made Products

By following these steps, potential sellers can develop a niche and leverage profits by providing a unique product or service that meets the needs of a specific market segment.

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Nigerian Textile Industry and Policy, The Big Global Fashion Market: How to Leverage on These to Build a Scaling Fashion Brand

As a fashion designer in Nigeria, you can leverage on the existing government policy on textile, cotton, and garment to build a formidable fashion business in Nigeria and sc...

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Seven Benefits of Good Logistics to Ecommerce Business Success

To succeed in online eCommerce business with an edge over your competitors, you need the best logistics model that meet business needs and exceeds customer expectations.

The demand for online retail and logistics services have been on the increasing end year-to-year, with so much to sell online without a personal contact between the seller and the consumer. While this aids manufacturers and retailers succeed by helping them reach more customers wide-and-near, the online shopping processes still remain the same. But customers personal experiences or perspectives throughout the process may vary significantly. However, here are some benefits of good logistics to eCommerce business success, based on scholarly studies and statistics:

  1. Faster Delivery: Good logistics enable eCommerce businesses to provide faster delivery to their customers, which enhances customer satisfaction and builds customer loyalty.

  2. Cost Reduction: Good logistics management can significantly reduce transportation and warehousing costs, which would lead to increased profitability.

  3. Increased Efficiency: Efficient logistics operations improve speed, accuracy and reliability, which leads to better order management and customer satisfaction.

  4. Better Inventory management: The ability to monitor inventory levels in real-time and manage inventory accordingly helps businesses optimize stock levels and reduce stockouts.

  5. Competitive Advantage: Good logistics operations provide a competitive edge in the marketplace by providing faster delivery, better customer service and competitive pricing.

  6. Better Customer Service: Efficient logistics also lead to better customer service and increased customer loyalty.

  7. Increased Revenue: Efficient logistics operations increase revenue by making it easy to expand into new markets and improve service quality, reducing returns and cancellations.

Taking in consideration to master the steps and executing all of these in your eCommerce business process, is an indicative your model is on the right track. And it will give you an edge and more steps ahead to achieving a greater success in your online business.

 

Recommended Logistics Model We Deploy

Our online platform provides you with best information about various logistics models for businesses, depending on the best model suitable for a specific company business need. That is because the best logistics model depends on a company's unique needs, resources, and goals. Here are some of the most common logistics models used by businesses which we deploy to serve our sellers better:

  1. Direct delivery model - This is a model in which the manufacturer or distributor directly delivers the products to customers, bypassing intermediaries.

  2. Third-party logistics model - This model involves outsourcing logistics operations to a third-party logistics (3PL) provider. The 3PL manages transportation, warehousing, and distribution services.

  3. Hybrid logistics model - This is a combination of direct delivery and 3PL models. Businesses that use this model typically handle some aspects of logistics internally while outsourcing other functions to 3PL providers.

  4. Cross-docking model - This model eliminates the need for warehousing by enabling products to move directly from inbound to outbound transportation.

  5. Just-in-time (JIT) logistics model - This model delivers goods and materials immediately before they are needed in production or assembly, reducing the need for storage or warehousing.

  6. Collaborative logistics model - This model involves collaboration between different companies in a supply chain to optimize transportation, warehousing, and distribution processes.

Ultimately, the best logistics model for any business will depend on factors such as the size of the company, its production and delivery schedules, available resources, and the industry in which it operates.

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