Improving Customer Retention It’s well known that retaining an existing customer is more cost-effective and simpler than acquiring a new one. In fact, it can be up to five times more expensive to attract a new customer than to keep one. That’s why eCommerce retailers should prioritize enhancing customer retention. But where should you begin? …
Imagine a bustling marketplace where sellers constantly adjust their prices to outmaneuver competitors and attract buyers. In this dynamic environment, the right pricing strategy can differentiate between success and obscurity. For Amazon sellers, mastering the art of repricing is crucial to staying ahead. Enter repricing tools—sophisticated software designed to automate and optimize pricing strategies, ensuring …
Introduction The statistics speak for themselves: eCommerce has flourished during the COVID-19 era. According to eMarketer, eCommerce will account for 14.5% of retail sales in the United States this year, up from 11% in 2019. This marks the largest year-over-year increase since the research firm began tracking eCommerce in 2008. In the first half of …
Chasing the dream—a life free from stress, filled with joy, and abundant with wealth. In the digital age, more seek careers from home, embracing flexibility and autonomy. Stats show a surge in remote work, with many opting for this path indefinitely, advocating its benefits to others. 1.1. What Home-Based Business Can I Start? First things …
eCommerce has a great history since it was invented back in May 1989, when SequoiaData Crop introduced Compumarket, the first internet-based system for eCommerce. In the emerging global economy, eCommerce has increasingly become a vital component of business strategy and a solid catalyst for economic development. The continued expansion of eCommerce could lead to downward …
In ecommerce, numerous critical touchpoints can make or break a sale, including product pages, the homepage, and site search. However, the most crucial point in the buying process is the checkout. Checkout is the final hurdle in converting a shopper into a customer. Any hiccup or unnecessary step can deter a shopper from completing a …
Introduction By 2024, 80% of technology products and services will be created not by traditional tech professionals, but by citizen developers using low-code/no-code tools (Gartner). Tools like WYSIWYG editors, visual coding suites, and AI are revolutionizing application development, and enterprise ecommerce is no exception. In the U.S., 80% of businesses already utilize low-code platforms. These …
Introduction In recent years, ecommerce has seen tremendous growth. eMarketer projects that global ecommerce sales will surpass $5 trillion for the first time in 2022, making up over one-fifth of all retail sales. This surge has been largely driven by the global pandemic, which has changed consumer shopping habits. The simple act of walking into a …