Competition is emerging on the Ebay landscape from Hong Kong based sellers. The way to deal with such increased competition is simple. Be more professional, motivate, and efficient.
The world of ecommerce is truly a global market.
The internet has allowed sellers and consumers from all over the world to engage in businesses such as dropshipping.
Recently,
sellers from Hong Kong and other parts of the globe have made a mark with their presence.
Their numbers on ecommerce sites are increasing.
The actual numbers are not known as new sellers appear each and everyday.
Many of these sellers are able to provide lower prices than US based dropshippers.
That is why it is vital for US sellers to address their competition accordingly or face business losses.
The Facts of the Matter
Here are the undeniable facts surrounding the situation: increased competition means a US based seller must modify his/her approach in order to succeed in a changing market.
And yes, the market is changing. Competition from foreign businesses will be competing with domestic businesses.
Here is another fact: that is a good thing! A lack of competition can make a company stagnant whereas enhanced competition can lead to a company becoming innovative and enthused.
Solutions to the Problem
You can circumvent the negative impact of Hong Kong based competition in a number of ways. Here are a few methods you can employ with great success:
* Devise and design high quality auction pages. When the content and layout of your auction pages are top of the line, informative, and professional, they will aid in delivering much needed results.
* Open up channels for effective communications. Be sure that all email inquiries are handles timely and effectively. Address any concerns with absolute professionalism.
* Make sure shipping is timely. Don’t make buyers wait a long time between payment and processing. And be sure the packaging is professional looking as well. Packaging that looks cheap or sloppy does not work wonders for a seller’s reputation.
* Be sure the condition of the shipped item is as promised. When you overpromise and under-deliver, you set the stage for customer complaints and negative feedback. That will set you apart from the competition – in the wrong way!
* Resolve all problems and disputes in a timely, professional, and courteous manner. Customers generally will be forgiving for problems, errors, and omissions, if they are addressed properly. And when you properly address such issues, you will set yourself apart from competitors that lack such professionalism.
Motivation and Taking Steps to Succeed
If there was one thing that should keep all US based dropshippers and suppliers motivated is that they reside in an area where they have an edge on China/Hong Kong based competitors.
Namely, domestic based business will have a keener insight into the domestic market.
This means the ability to read and understand market trends is enhanced.
That, in turn, opens the door to being able to navigate the market a lot better. Does this automatically translate into business success?
No, there are no guarantees. However, the potential to success will clearly be there which should prove to be helpful as it relates to the success of your business endeavors.
Take the Steps Now
The only way to overcome competition – both foreign and domestic – is to improve the professionalism and quality of your eBay service.
Follow the tips provided herein and implement them immediately. Your business will certainly see an improvement as a result.
