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In this tutorial, Maria from ecomclips explains how to efficiently update inventory on Newegg using a template. She emphasizes that using a template saves time compared to manual updates. The step-by-step process begins with logging into your Newegg account, which redirects you to the Newegg portal. From there, you click on the "Items" menu and select "Batch Update Inventory." Next, you will download the template file, choosing the Microsoft Excel format from the dropdown menu. It’s crucial to select the appropriate industry and product category, which in this tutorial focuses on computer items. Follow these steps to streamline your inventory updates effectively.