The world of dropshipping is often considered the easiest way to sell products online. The biggest difference between drop shipping and the standard retail model is that in drop shipping, the selling merchant doesn't stock his own inventory.
Instead, the merchant purchases inventory as needed from a third party – usually dropshipping wholesalers or manufacturers – to fulfil orders.
Ah, the glory of online business. You can sit at home and run an ecommerce shop from Chicago, while accepting orders from places like Bangladesh, London and Los Angeles. Heck, you can even run a whole dropshipping business from the comfort of your parents’ basement if you want, since dropshipping allows you to partner with a wholesaler, carry no inventory and watch as your sales are fulfilled and delivered by the wholesalers or manufacturers.
Continue reading “Top 10 Cities to Live in and Run an Online Business From”
Your ecommerce journey may be just starting, or maybe even coming to fruition. Regardless, we all need advice and motivation to keep us going in the tumultuous world of online business.
Continue reading “The Best Books for Mastering the Ecommerce World”
The subscription business model is rather simple: Customers sign up for a monthly (or recurring) payment, and the company provides products, often in the form of a box sent to the house, but sometimes in the form of unlimited media access or even recommendations on how to dress or learn.
Continue reading “The Best Ecommerce Subscription Businesses in 2024”
Choosing the right ecommerce platform is a complex decision that generates many concerns, such as cost, time-to-market, usability, reliability and customization. No software solution — whether off-the-shelf or custom-developed Software-as-a-Service platform — provides everything your business needs. Off-the-shelf platforms maybe have custom modules that allow for the necessary customization, but you are beholden to the developer to maintain and update those modules going forward and to create new ones as needs arise.
Continue reading “The Case For Custom Development for Enterprise Ecommerce”
ERP stands for enterprise resource planning, and it's somewhat similar to a customer relationship management software, yet it provides additional functions we will outline below. The idea behind an ERP is to expedite certain processes to clear up time for other tasks and to save your company money.
When thinking about an ERP to power your business, it's not particularly essential for you to find one that integrates directly with an ecommerce platform, but if you plan to move your online store to the next level we highly recommend you go with Shopify Plus (see my full review here), since it's extremely scalable, powerful, and still easy to use with some of the most popular ERP solutions on the market. What does matter is how you feel about the pricing and interface for each ERP, and if it meets your needs in terms of sales, order management and other functions. So let's dive in!
Have you started to gain a profit with your online business? According to Forbes, over 23,000 online stores make at least $100k in revenue, and this number is growing every year.
Fortunately for you, this gives you a chance to catch up with the big dogs and make some solid cash from your online business. It really just takes some hard work, the right tools and even a little luck. It all starts with a solid ecommerce platform which helps you get your products uploaded onto a storefront and presentable for your customers.
Continue reading “18 Must Have Tools for Online Store Owners”
Forget about ecommerce for a moment! Imagine trading one of your prized cattle for a piece of land to raise your family in 7000 BC. That’s how it was done back then. Boy how times have changed. Now think about the first ATM in 1972, and how remarkable it was for people to walk up to a magical machine that spewed out physical cash after a few button clicks.
The history of ecommerce is truly amazing, so we compiled a story of 11,000 years in 30 seconds, by using another modern marvel: animated GIFs. Have a look below and scroll down for the full infographic.
Continue reading “History of Commerce: From Cattle to Bitcoin”
