Ecommerce industry is experiencing a surge in bulk purchases and product data management challenges due to the rise in online retailing and omnichannel serving. Outsourcing product data entry services can help businesses streamline their data management processes, ensuring comprehensive, accurate and up-to-date product data repository.
Outsourcing data entry services can provide significant benefits to eCommerce stores. It allows businesses to focus on their core competencies and empowers them with streamlined operations, cost-effectiveness, and improved efficiency. It also offers scalability, allowing businesses to adjust the level of service based on their needs.
With the average annual cost of a US-based employee amounting to $36,000, outsourcing product data entry proves to be a cost-effective solution, ultimately enhancing customer experiences and overall efficiency. It’s been proven that outsourcing can save businesses 70% to 90% on overhead costs.
Outsourcing can provide access to skilled professionals who leverage the latest tools and technologies to ensure high-quality, accurate data entry. This enhances customer satisfaction, keeps product descriptions and availability up to date. No wonder it is claimed that outsourcing made eCommerce revenues exceed $638 billion in 2022 in the U.S. alone.
Furthermore, outsourcing can lead to cost savings by eliminating the need for in-house teams and associated expenses such as equipment, amenities, and payroll. This is the reason why data entry outsourcing services market is estimated to grow by USD 185.56 million from 2023 to 2027 at a CAGR of 6.01%.
This infographic will shed light on the benefits of eCommerce product data entry outsourcing and its positive impact on the eCommerce industry landscape.