Every online vendor today is well aware of the problems that plague the e-commerce industry. Aggregate marketplaces like Amazon regularly charge 25–50% of a final sale price — a charge ultimately felt by consumers — while providing less than fair customer service to vendors who are completely defenseless against the threat of an unfair ban. Affiliate Brokers, like Commission Junction (CJ Affiliate), facilitate intermediate collaborative marketing between marketplaces, sellers, and influencers. Unfortunately, affiliate brokers often unfairly charge for false positives caused by web-crawlers and data siloing while selling unwitting consumer data.
Additionally, the industry suffers from rampant fraud and waste caused by technical misalignment between dropshippers and marketplaces, resulting in costly double sales, an issue seen of high-demand products during periods of high traffic like the Holidays.
Failure to provide adequate customer service can critically damage a seller’s good rating and reputation, while the root of these problems continues to go unaddressed. Sellers in this complicated environment are left with two choices:
Charge more to consumers who aren’t even aware of how much these problems make them overpay for the items they need, or
Go out of business.
Dropshippers: The unsung heroes of retail.
An estimated $93B of sales are lost each year due to hiccups in “dropshipping.” While that might not be a term you’re familiar with, it’s almost certainly a service you’ve used. A dropshipper is a third party used by a retailer to stock, process, and ship orders directly to the customer. Most retailers never set eyes on your online purchases — it’s the dropshippers who get you your purchases.
The most common problem for dropshippers is managing their inventory across several marketplaces. They must ensure that, if an item is out of stock, every marketplace they list on reflects this, again wasting time and money. Thanks to the automated inventory updates enabled by the Spl.yt protocol, Spl.yt is able to neutralize inventory inefficiencies for dropshippers potentially saving our economy the $93B of sales lost each year.
Is your online reputation important to you?
Shoppers are only comfortable purchasing products from unknown vendors when the seller proves to have a solid reputation score from other buyers. Review systems establishes “trust” in otherwise anonymous entities in the online universe, but require additional time and resources. When sellers maintain separate reputation scores across different marketplaces, the information is not only unreliable, but also consumes additional time and money.
Spl.yt’s smart contract-based protocol can be leveraged to sync reputation scores across multiple marketplaces. Simply put, when a seller is connected to Spl.yt, their inventories and reputations will be available and visible across marketplaces with no extra time or money required.
So what does e-commerce revamped look like?
Spl.yt’s protocol renders the processes for inventory updates, affiliate marketing, dropshipping, reputation, and other e-commerce systems more efficient by automating functions now performed by middlemen. Look to Spl.yt if you would prefer the future of e-commerce should provide the market reach of Alibaba, with the assurance of Amazon, at the prices of Craigslist.These are our official social platforms:
Website:
https://www.spl.yt/Telegram Chat: https://www.reddit.com/r/splyt/
Reddit: https://www.reddit.com/r/splyt/
Twitter:
https://twitter.com/splytcoreMedium: https://medium.com/splytcore
Facebook:
https://www.facebook.com/splytcore/Github:
https://github.com/splytcore