Selling products online has never been so popular and rewarding. Ecommerce business is booming.
The stats analyzed by eMarketer predict that by 2021, the global ecommerce revenue is expected to reach $5 trillion.
This is a by far, a descriptive indicator that suggests the existence of a steady momentum even for the looming ecommerce businesses.
While there’s untapped potential that covers a wide scope in so many product niches, starting an ecommerce business can be a little overwhelming especially for a beginner.
There's so much workflow to take action on.
Continue reading How To Start an Ecommerce Business in 2020 – 6 Step Guide
Do you want to build your blogging site on WordPress?
Say no more.
This is the best place to get started and probably the last guide you’ll need to pull the strings together. WordPress is immensely becoming a blogging channel for most startups.
The stats show that about 34% of the websites on the internet are powered by WordPress’s content management system. And that includes our very own site. We've had more wins than losses.
Or to put it another way, it’s the most popular site builder and one that has a wide market share. With a few pointers to bank on, you can install WordPress and complete the setup process in just a few minutes.
Continue reading How To Start a WordPress Blog in 2020
Loyalty? You can hardly get enough of it– feels like a rare commodity mostly where customers have wild options to consider. Even with a loyalty program in place, the competition is boundlessly growing. It's getting fiercer each day. There's totally no doubt about that.
But do you want to make your target clients creep back to your retail store?
Setting up an entrancing loyalty program is one engaging step a retailer can use to reach out to their most loyal customers in a gratifying manner.
Superficially, boosting your sales roughly equates to widening the customer base. A solid customer relationship management (CRM) gameplan is just part of what this objective requires.
And surprisingly enough, the acquisition cost for new customers lies between 5 to 25 times more than the price you'll incur to retain your old clients. The bottom line is, it’s way cheaper to keep a good rapport with your regular customers; just like the fortified bond, you could have for your pet.
Continue reading 5 Steps To Creating A Customer Loyalty Program In 2020
To make a business come into existence is often a venture that stirs some mixed reactions. There’s so much workflow to execute, more precisely if you're a newbie. On the ground, things are a little more hands-on. A break-even point helps you draft a feasible business plan.
For that to happen, the idea of breaking even might casually cross your mind while operating your normal business transactions.
Calculating a break-even point is just but one bit of running a thriving business. It’s as cardinal as handling your inventory, marketing campaigns and, taxes. It's also used to assess recurring production expenses.
A break-even analysis allows you to assess the margin of safety. This, in turn, gives you a chance to estimate the risk before venturing into a business.
So why is the break-even formula of intrinsic value? For the most part, making such an analysis allows you to work with practical projections. That’s just a rough draft of what it’s all about.
Continue reading How To Calculate A Break-Even Point – Analysis, Definition and Formula
So you want to learn the highs and lows of online selling?
Well, that’s a pretty solid starting point. But to say the truth, the acute competition in the ecommerce industry is staggeringly endless and blustery. Learning how to sell online takes more than just being a little savvy about the current shopping trends to unravel the entire process.
You might even think of taking that online masterclass which appears so glossy on your email alerts. Not that I'm against this move anyway. But at times, you might end up with junk information that leads you nowhere.
Continue reading How to Sell Products Online (January 2020) – The Ultimate Selling Online Guide
Do you need to launch an ultra practical online business? It all starts with a pre-meditated ecommerce business plan. At first glance, this feels like a superficial blueprint for most starters.
But here's the deal.
You need an executive summary of everything you're about to do in order to convert your objectives into actual results. From the onset, you must put your thoughts on paper. It doesn't matter how smart you are. I'm pretty sure that Jeff Bezos of the retail giant, Amazon, sat down to sketch his master plan at some point during the initial stages.
What does this imply?
Continue reading An In-depth Guide on Creating an Ecommerce Business Plan in 2020