Entrepreneurs, experienced or aspiring, face an uphill struggle creating and managing inventory. Inventory planning is the most important thing that any business needs to get right before it gets too late. Anyone who wants to start a small business selling physical goods requires cash to accumulate inventory. For those already running a business, inventory management is nothing short of walking a tightrope. They have to strike the perfect balance on both sides of the ideal stock level.
Cash is primary for any business. And it gets even more important for anyone who thinks of setting up a new product based business. Inventory creation entails investing a considerable amount of cash in goods procurement. Sometimes this goes on to become a limiting factor for those yearning to start their own business. TechTurtle decided to provide a solution to this problem by introducing “Virtual Inventory.”
Bill Gates was definitely not kidding when he said-
“If your business is not on the internet, then your business will be out of business.”
The recent surge in the number of people using high-speed Internet services has created lots of opportunities for those who want to start an online business as well as those who want to take their existing offline business online. Whether you are a retailer who owns a small business, a crafter selling some unique handmade product, a housewife looking for a genuine way to work from home, it is a good idea to sell products online.
But what good is an e-commerce website sans good products? It is important for any online store to select and sell the right products from the very beginning. So how about having a website that comes along with a variety of products which you can start selling straight away? Intrigued? TechTurtle makes this possible through its “Virtual Inventory.” This unique service is basically a product API. Once integrated into your e-commerce website, it provides you access to more than 14 Lakh products from a premium range of fashion, footwear, lifestyle, electronics and various other categories. You can sell these to your potential customers through your website and earn a handsome amount as commission.
So, with the Virtual Inventory, you can have an online store that works right away and you can start making money from day 1. The added benefit is that the products you will be selling are white labeled products so you can sell them as your own from your website.
How Virtual Inventory helps you save money?
What is the most important factor for anyone contemplating about starting a business? Money, of course! We all know how critical it is to manage funds when starting a business. Another considerable advantage of leveraging Product API is that you won’t have to block your money in order to pile up an inventory. You also need warehouse facility to stock your products which again requires investment in infrastructure. This feature saves you from incurring a huge amount of money as upfront inventory cost. Thus you can very well channelize this money towards other important things like sales and marketing.
Expand your Business Model with this Product API
What if you are a crafter or hobbyist who sells unique handmade products like jewellery, cakes, apparels, etc.? Why not create a website where you can market and sell your product. Online presence makes you reach out to a wider consumer base and improve sales drastically. But an effective way to earn better revenues from an online store that sells niche products is to opt for Virtual Inventory. A better way to understand this is an illustration. Suppose your online store sells cakes and other bakery items, it’s quite natural that the customers will order from your website when they have a party or celebration. Having other party related stuff on your website like party decorations, greeting cards, gift items, flowers, etc. will surely tempt your customer to buy them from your online store rather than elsewhere. So, besides increasing your sales, this will prevent the customer from bouncing and help you build credibility among consumers. Isn’t this a great idea?
Virtual Inventory addresses a crucial pain point faced by a majority of existing and aspiring entrepreneurs – inventory creation and management. With this ground-breaking idea, TechTurtle aims to reduce the operational cost of running an online business. With TechTurtle you not only build a great e-commerce website but a successful business as well.