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Amazon FBA In Cyprus
Things To Consider During Accounting For Amazon FBA In Cyprus

Over the years, the shopping habits of consumers have rapidly evolved. They are now looking for new ways of enhancing their shopping experience with the help of technology. The pandemic has further added fuel to this changing trend, and millions of people now regularly visit e-commerce platforms. Amazon has become a household name because of the convenience it offers in online shopping. However, it has not only attracted consumers but also sellers from all over the world. After all, Amazon has more than 200 million customers that visit the platform every month. 

You may be aware that Amazon has recently redomiciled its EU headquarters to Cyprus. The small island country close to Europe, Asia, and Africa has gradually become a hub for e-commerce companies. Thanks to the fewer regulatory interventions, excellent infrastructure, and tax benefits, several companies have already made this smart move. Hence, if you have products that you want to sell by joining the Amazon FBA (Fulfillment By Amazon) program, you must remember a couple of things during accounting for Amazon FBA in Cyprus. Have a look. 

Update Your Charts of Accounts

You may already know that it is essential to update all the accounts you will use in your financial reporting. For example, some of the standard categories of charts of accounts are assets, liabilities, equity, revenue, and expenses. If you don’t update it, you may end up relying on inaccurate data and make poor financial decisions as an Amazon FBA seller. 

Go for Accrual Accounting

While it is true that most small business owners start with cash-based accounting, opting for accrual accounting is the best thing that you can do to grow your business with the Amazon FBA program. Instead of consistent demand, there may be sudden sales spikes or inventory fluctuations in your e-commerce business. So, this type of accounting proves beneficial to avoid unpleasant surprises. It will also help you to get a clear picture of your actual financial position. 

Run a Reconciliation Report

When you run a reconciliation report, you can spot inconsistencies (if any) between the bank and your credit card statements. It also helps in protecting your business from possible frauds. It will also give you actionable transaction insights that you can leverage to make informed decisions leading to higher sales achievement. 

Moreover, do not forget to put your efforts to generate additional revenue streams as complete dependence on a single sales channel may not be enough to thrive your business during unforeseen circumstances. Now, doing all these things may take a significant amount of time that you can otherwise use in growing your business. So, it is wise to hire a professional from Online Solutions to do the entire legwork of accounting for Amazon in Cyprus.

At Online Solutions, we offer comprehensive eCommerce solutions, including real-time inventory management to order tracking and accounting to social media marketing. We make it easy for you from every aspect and help you to reach your consumers quickly. Only you need to send your products, and our professionals will take care of the rest.

by Athena Stylli
409 Views0
5 Essential Steps To Open A Free Shopify Store Now In Cyprus
5 Essential Steps To Opening A Free Shopify Store Now In Cyprus

Are you thinking about venturing into an e-commerce business? Are you an entrepreneur with a brick and mortar store in Cyprus? If any of these answers are in affirmation, it is time to open an online store with one of the leading e-commerce platforms! Shopify is currently powering more than 500,000 online stores across the world with its useful features. Moreover, it is easier to open a Shopify store than one using Magento or WooCommerce.

The popular e-commerce platform also has a unique partner program that enables Shopify store solution providers to set up a free eshop Cyprus within no time. However, remember that the free eshop means a Shopify store with a free trial for 14 days so that you can fully discover its potential for your business. There is even no need to enter any credit card details!

Let’s discuss the 5 easy steps to open a free Shopify store now.  

Step 1:

Go to the official website of Shopify, enter your email address, and click on the start free trial button. You will be directed to a page to enter your password and online store name. Enter a store name and a strong password and click on create your store button.

Step 2:

Enter the details in the form, such as where you are an existent seller, your current revenue, and all. You can skip the page to move to the next in which you need to enter your personal details such as first name, last name, address, city, postal code, and contact number so that you can get your payment. Once you have filled this form, you will be then directed to a dashboard.

Step 3:

Add your products, customize the theme, accept payments and set the shipping rates. You can always explore the free themes to make your Shopify store as you have envisioned. Remember, this will take longer as you need to fill several forms.

Step 4:

Now, you can add pages in your online store that you get under the online store on the left side of your store dashboard. For the same, you need to click on the add page button.

Step 5:

On the left, you will also find settings and can see plenty of things that you can do to set a fully-functional and responsive Shopify Store.

It is easy to open a free eshop in Cyprus, but it consumes much of your valuable time. As an entrepreneur, you may want to give your full attention to grow your business. So, the best course of action is to hire a developer at Online Solutions. With us, you can get your dream Shopify store quickly at an affordable cost.

We also provide valuable services, including translation of your store into local languages, the configuration of delivery, and general settings. Moreover, our digital marketing experts can connect your store with various marketing tools and promote your online store without any delay!

by Athena Stylli
959 Views0
Cyprus Restaurants: Why you should create your own online ordering system!

As a restaurant owner, deciding on whether or not you should create your own website (in the form of an ordering system) can sometimes be a bit confusing. You might be thinking “Wolt and Foody are perfectly suitable for me at the moment”. And we are not saying otherwise.

However, before making the decision to ditch creating your own ordering system altogether, we suggest you look a bit more into the benefits of it and evaluate your current situation!

The process of researching this stuff can be overwhelming sometimes since the internet is filled with more information than we can possibly process all at once.

That’s why we created this post, using our experience and expertise to help you make an informed decision.

First things first, what’s an online ordering system?

Quite simply – an online ordering system is a platform that allows your clients to order your food online. The customer places an order and you get notified of their order, as well as all the specifics you’ll need (address, name, etc.), on your machine.

What’s in it for you?

1. 0% commission – all the revenue from the order is yours!

Given that you will create your own online ordering system, you will basically need to pay nothing to no one every time a customer orders from your website. No commissions per order, nothing. The only extra cost you will have per month is a €60 fee – for running the website, and your delivery costs.

Needless to say, that if you have a respectable number of orders per day, your revenue will exceed your costs by a very very significant amount.

2. Loyal customers

When people order food from your restaurant, through a third-party provider such as Wolt and Foody, it’s safe to say that most people will associate a great customer experience with Wolt and Foody, instead of your restaurant. This means that even if customers are happy with your food and everything, you are sharing customer satisfaction with the ordering system of the third party.

If you look at this from the customer’s point of view:

“Foody and Wolt and other ordering system companies, are so cool!! They connect us with so many restaurants!”

And that’s why they’ll be back to order from Foody again and again! But guess what? Foody and Wolt have a thousand more options for customers to choose from. And this is where the risk comes in for you. They might be browsing through Foody and skip your restaurant just because they have a thousand more distractions.

On the other hand, once you create your own ordering system, and use effective marketing (i.e. giveaways, coupons, etc.) to market it to your clients, you’ve got control. The way we make sure you’ll have returning customers is by creating ordering systems that are easy and fast to use. We want to make the process as effortless as possible for your client. This, combined with great execution of the food and delivery, will make your customer happy. But this time, you get full credit for their satisfaction. There is no Foody or Wolt in the picture. Therefore, the customer creates an association of a great experience, with your brand. This means you are far more likely to see that customer in your ordering lists again and again!

And this is loyalty. And as you probably know, it is invaluable for a business!

3. Creating a contact list

Contact lists might be one of the most attractive aspects of creating your own ordering system. When people order something from your website, all the information they choose to share is for your company.

You have client’s names and email addresses and phone numbers if they choose to. This means you have the ability to actually message them and market your special deals, or monthly giveaways, etc.

We cannot stress how important this is for a business. Imagine having a contact list of 200 people, which will be informed and REMINDED of your services every couple of days, or every week.

How many times did you see an ad, or got a message from one of your favourite restaurants, and it just sparked your appetite for that specific restaurant? And you ended up a few hours or days later ordering their food?

Well, that’s the power of a contact list!

You remind people that they have you as an option!

4. Cyprus is tiny!

The reason we are listing this as an advantage is that being a very small island, we can target more people easier. If you own a restaurant in Limassol, and just offer delivery in Limassol, we can create your website and optimize it to target and rank for people looking to eat in restaurants in Limassol!

Therefore, this great specificity that comes with effective SEO and a specific target market, can help you reach the right people easier.

Let’s talk!

Does having your own ordering system sound appealing to you? Are you tired of paying high commissions to 3rd parties? Do you want to explore your options?

We’ve had a lot of experience in creating online ordering systems for many of our clients. And we know how to do it the right way!

If you think this is something that would suit you, don’t hesitate to give us a call or email us!

by Cassandra Kamberi
689 Views0
Create Your Logo
Create Your Logo And Register Your Trademark From Cyprus

Whenever you think about a brand, the first thing that comes to your mind is its logo. A logo, in turn, is a trademark of a business that helps in customer retention. So, it is quite significant for every business irrespective of its size. Since a logo is a valuable intellectual property asset, you must register it so that nobody else can use it to sell their goods or services. The registration also prevents any possibility of future conflicts with any other business. Before you register your trademark in Cyprus, make sure your logo represents your business value and ethics.  

At Online Solutions, we create engaging and purposeful graphics that captivates your audience.  Our brand designers thoughtfully create graceful design that distils the spirit of your business. A logo is the identity of any business, and we have been designing logos for brands across Cyprus for a long time.

Our small island also allows foreign citizens and business owners to apply for trademark registration. Getting it done in Cyprus means extended protection as the country is a proud member of several conventions, including the WIPO (World Intellectual Property Organization). Its new trademark law published in June 2020 has simplified the registration process.

Steps to Register Your Trademark in Cyprus

  1. Conduct a thorough search at the registry of trademarks to find out whether any similar logo is already registered or not. This process may take a few weeks, and the search report is delivered by email. However, this step is not mandatory in Cyprus.
  2. Hire a duly licensed practicing lawyer in Cyprus and proceed with the process of filing the process of registration of your trademark along with paying the due fee.
  3. Once the Registrar received your application and the respective fees, he or she will thoroughly examine whether or not the logo adheres to Cyprus’s trademark law at the Department of Registrar of Companies and Official Receiver.
  4. If your logo met all the requirements, it will get a Next, a certificate of trademark registration is issued. It may happen that the Registrar will request you to furnish some additional information or provide some explanations before registering your logo as a trademark. Else, your logo will get published in the official gazette.

Once your trademark is registered, do not forget to renew it after seven years. After the first renewal, you must renew it  every fourteen years. Remember that the Registrar may refuse to register your logo as a trademark if it does not have proof that one can represent graphically. Sometimes, when it lacks a distinctive character or seems in conflict with the common moral principles, the trademark registration is refused. There may be many more grounds for refusal of registration.

Hence, choose your brand designer carefully. At Online Solutions, we understand every business is different. Therefore we create unique and clear graphics so that you can register your register your trademark in Cyprus without any hassle. Get in touch today for an incredible logo design.

by Ellinas Menelaou
997 Views0
Shopify Store
Why A Shopify Store Is The Best Store For E-commerce In Cyprus

With over 500K active stores in more than 170 countries across the world, Shopify is now a leading e-commerce platform. It is helping countless people in starting online stores within no time. Opening a Shopify store is extremely easy in comparison to other e-commerce platforms. So, if you have a brick and mortar store in Cyprus with some products that you want to sell to a large customer base, open a free Shopify store now! However, you must know the reasons due to which a Shopify store is the best store for e-commerce in Cyprus.

So, let’s have a look below.

Enables Product Selling on Several Channels

Here, you can utilize social media platforms such as Facebook, Instagram, and Pinterest as a sales channel to boost your overall sales. It also enables you to sell your products on Amazon or through a custom mobile app. Moreover, you can unify your products with the help of Shopify’s built-in POS system. Therefore, with Shopify, you can sell your products anytime and anywhere!

Offers Multiple Payment Gateways

When you open an e-commerce store, your store must support trusted payment methods, or else you have to exclude a large proportion of your target customers. The same does not happen when you choose Shopify in Cyprus, as the platform supports multiple payment gateways to offer a smooth shopping experience to your customers.

Fast Loading Speed and Excellent Performance 

Nobody loves to wait for more than a few seconds during online shopping. So, if your online

store loads slowly, most of the store visitors may never return. You may lose a big chunk of your potential sales. So, loading speed matters a lot, and the Shopify store guarantees excellent performance. Your customers will never have to wait, even at checkouts.

Facilitates Selling of Digital Products

While many e-commerce platforms only enable the merchants to sell their physical tangible products, Shopify allows you to sell your digital products such as digital arts, e-books, music, etc. It enables you to classify your products into different categories so that if you have digital products, their delivery can be through email or online storage.

Easy Integration with Shopify POS

If you are not eager to abandon your brick-and-mortar store completely after starting an online store, you can do this easily by integrating it with the Point-of-Sale system of Shopify. With Shopify POS, you can have shared data between your online store and your physical store to manage your inventory, sales, and everything else in a hassle-free manner.

However, if you are worried about the process that goes to open a free Shopify store in Cyprus, don’t worry! Online Solutions offer Shopify e-commerce solutions, everything starting from designing and converting your online store into local languages to SEO optimization at a reasonable cost. Remember, selling online was never this easier and faster. However, many merchants fail to get the expected return.

Our professionals build secure, reliable, and flawless eCommerce websites to get your maximum ROI.

Contact us Today and we will send you a Free development Shopify Store with Unlimited Trial Days

by Athena Stylli
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Defining Product Design and Its Significance

What makes you pick a brand of jeans and instantly identify its brand? Likewise, you might recognize a handbag from a specific brand just by its design, even if you have not yet seen its logo. Many things influence the designing of each product and the research and development teams spend countless hours picking the best designs. If you need to get the professional consulting for product design Cyprus based, then Online Solutions can help you. Our designing team is making rapid advancements in this regard.

What Makes Product Design So Vital

Every entrepreneur wants his product design to be outstanding. However, what goes behind the product design being unique? How does the design become so exclusive to that brand? Many factors guide in the product designs being specific to that brand’s, and they are:

  • Driven by User’s Convenience: Your product should be easy to open, look, and even use. If it is a smart television or a smartphone, it has to look great. That said, also, when packaging it, you must ensure it does not look drab or challenging to use. If the box in which it comes is difficult to carry around, you are not gaining anything.
  • Cost Efficiency for the Manufacturer: A talented designer from Marketing Works for product design Cyprus will take care of the product’s overall cost. The design of the item should be elevating its fame and user-friendliness. However, it should not be increasing the price overall. The designers will need to ensure the same.
  • Unique Design: Every entrepreneur wants his phone or his tee shirt to be unique. On consulting with the designers, he may come up with newer ways to make it so unique. As an entrepreneur, you will need to consult with industry specialists to get a touch of uniqueness to your product. However, in cases when you cannot go unique, packaging and marketing will have to take over.
Why Should You Focus on the design of Your Product?

It is a matter of now or never, and you cannot afford to delay in making your product special. The users should be finding the product stylish where you can afford to, and yet be happy to yours over others. These are the times when delaying in going for Online Solutions for product design Cyprus based will save you. A slight change in the product’s form or shape, color or size might influence your business figures drastically too.

by Athena Stylli
735 Views0

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