ChannelAdvisor

MARCH 29, 2021

Being a self-sustaining business can mean a few different things. Here, we’re talking about having solid business processes and practices that allow you to achieve sustainable growth. . Historically, acquiring a new customer can be anywhere from five to 25 times more expensive than retaining an existing one.

eCommerce 64

eCommerce Blog Payment Services Shipping Costs 64

BigCommerce

SEPTEMBER 21, 2018

Approximately 15% of all digital media industry’s revenue comes from affiliate marketing. 38% of marketers call affiliate marketing one of the top customer acquisition methods. In 2015 Amazon’s revenue surpassed $100B and affiliate marketing accounts for $10B of its sales. To increase revenue by $10,000 by the end of the year.

eCommerce 344

eCommerce Customer Retention Payments Management 344

Retail TouchPoints

MAY 28, 2021

Thoughts of poor customer service probably ring a bell in your own mind, and these opinions are hard to change — but there is hope. Customer service is changing rapidly to meet consumer behavior, providing smoother, more integrated experiences than ever before. 3 Data-Backed Reasons why Customer Service is Essential.

Payment Services 163

Payment Services Games Live Chat Customer 163

iVend

MARCH 14, 2023

Yet in fact, the backlash to lockdown is that many of the consumers who were forced online are now desperate to get back to human-based and personal shopping. When the National Retail Federation surveyed consumers, 45% * of respondents said they preferred in-store shopping, compared to just 28% who prefer online.

POS 97

POS Point of Sale Mobile Payment Services 97

Korona

SEPTEMBER 7, 2022

In addition to knowing the basics of small business, you also need to know about financial management, human resource management, technology, inventory, and the laws and regulations pertaining to your business. Check out the following blog to learn more about how to successfully manage a small business. Table of Contents.

Small Business Retail 52

Small Business Retail Payment Services Management Payments 52

Ecommerce Platforms

DECEMBER 20, 2019

Consumers want quick service, fast ordering, and equally speedy delivery. For a restaurant, bar, or a store to keep its customers happy, they need to fulfill orders, deliver on time, have their customer's choices in stock. They also need to offer customers loyalty programs and discounts to keep those same consumers even happier.

POS 118

POS Payment Services Payments Point of Sale 118

AcquireConvert

NOVEMBER 24, 2022

Ecommerce businesses need to test different versions of the calls to action, for instance. Address verification service (AVS): a service used by credit card processors to verify that the billing addresses of customers match the addresses on their credit card statements. and select the one(s) with the best conversion rate(s).

Payment Services 36

Payment Services eCommerce Payments Shipping Costs 36

GetElastic

NOVEMBER 19, 2019

A recent study shows that 82 percent of B2B marketers spend more on customer acquisition than retention. And, we all know customer acquisition costs more than retention. More so, customer retention is easier and more cost-effective to execute. Hence, they focus on customers’ emotions.

B2B 104

B2B Payment Services B2C Payments 104

lateshipment

AUGUST 13, 2021

This means a huge opportunity for your dropshipping store to cross your sales target and break your revenue records. Dropshipping is gaining momentum and slowly becoming a more preferred choice than traditional eCommerce businesses as it helps businesses profit by selling products online without managing inventory on their own.

Shipping Costs 130

Shipping Costs Payment Services Shipping Social Media 130

Lemonstand

APRIL 12, 2018

But that’s just the start: It’s now time to convince that customer to return again and again … and again. Customer retention. Indeed, online retail startups are so focused on growth and customer acquisition that customer retention becomes a bit of an afterthought. It rewards your frequent customers.

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Customer Retention Customer Payment Services Payments 62

Omnisend

APRIL 26, 2021

From its humble beginnings in easily deliverable and consumable things like books and DVDs, ecommerce has expanded to the point where consumers now feel comfortable purchasing pretty much anything online. Check out how Black Mango generates 43% of their email revenue effortlessly. What has driven this rapid shift in attitudes?

eCommerce 135

eCommerce Social Media Merchant Services Shopify 135

Payoneer

FEBRUARY 22, 2023

Nigeria’s ecommerce market is rapidly growing and is projected to generate a revenue of US$7,627 million by the end of 2023, making it the 39th largest ecommerce market globally. of Nigerian ecommerce revenue. million in revenue in 2021. of the revenue for Nigeria’s top 100 online stores.

Payment Services 26

Payment Services Payments eCommerce Cryptocurrencies 26

Lemonstand

APRIL 17, 2018

For example, Banish generated $3 million annual recurring revenue by simply offering the option of subscription for their products. That’s partly because creating your own subscription box business is easier than ever before and partly because there’s no shortage of consumers willing to spill cash for the next-best service.

Subscription 78

Subscription Payment Services eCommerce Platforms Payments 78

Payoneer

DECEMBER 12, 2017

However, you need to consider the long-term implications of your actions and not just the short-term revenue you can earn. With this mindset, a simple and friendly return policy is advantageous for your customers and can inspire long-term loyalty. eSellers, make payments a breeze this holiday season.

Merchant Services 24

Merchant Services Payment Services Payments Customer Retention 24

lateshipment

APRIL 6, 2023

Is your business future ready? In order to provide a seamless and engaging consumer experience across all touchpoints, including mobile commerce, beacon technology, and CTV advertising, the future of commerce must be fully omnichannel. Why do you need repeat customers in your business?

eCommerce 130

eCommerce Customer Payment Services Shipping Costs 130

Omnisend

SEPTEMBER 29, 2021

Any merchant seeking a sustainable, reliable business that’s viable in the long term should be aiming to reduce churn as much as possible. One of the best ways to do this is by increasing customer retention rates. That’s all well and good in the short term—a steady flow of new customers is vital to a new and growing business.

Customer 148

Customer Customer Retention Social Media Merchant Services 148

RETAIL MANAGEMENT SOFTWARE

DECEMBER 12, 2022

Once the item arrives, associates can also email consumers directly from the MPOS app to let them know. This not only has a positive effect on sales but also strengthens the relationship between retailers and customers. This allows associates to make highly effective, consumer-centric decisions. Modernize Payments.

Payment Services 74

Payment Services POS Mobile Operations 74

Ecommerce Platforms

MARCH 17, 2020

Shopify empowers you to organize your products, customize your storefront, accept credit card payments , and track or respond to shopper's orders, all with just a few clicks of the mouse. When used to the fullest, this platform could easily pave the way for small businesses to make their mark in the broader digital market.

eCommerce Platforms 169

eCommerce Platforms Shopify Payment Services Merchant Services 169

GetElastic

APRIL 28, 2022

direct-to-consumer (DTC) eCommerce sales reached 129 billion, and are projected to reach 151 this year. As DTC businesses continue to prioritize digital commerce experiences, brands are facing more market competition than ever. According to Swirl , from 2015 to 2020, revenue from online video commerce went from $3.5

Payment Services 78

Payment Services eCommerce Customer Retention Demo 78

ROI Revolution

MAY 6, 2021

To make the customer journey between all of these channels seamless, retail leaders are making sure a holistic omnichannel strategy is a part of their digital transformation. An omnichannel approach can be a big revenue driver. CPG brands launching their own direct-to-consumer (DTC) ecommerce stores. Quite the opposite actually.

Omnichannel 135

Omnichannel Merchant Services Social Media Payment Services 135

Omnisend

SEPTEMBER 29, 2021

Any merchant seeking a sustainable, reliable business that’s viable in the long term should be aiming to reduce churn as much as possible. One of the best ways to do this is by increasing customer retention rates. That’s all well and good in the short term—a steady flow of new customers is vital to a new and growing business.

Customer 78

Customer Customer Retention Social Media Merchant Services 78

Retalon

AUGUST 22, 2023

Understanding your ecommerce KPIs allows you to identify issues, optimize processes, uncover new opportunities, and benchmark your progress against industry standards. In this comprehensive blog post, we will overview the 10 most critical ecommerce KPIs that online retailers should monitor in 2023 to run a high-performing business.

X-cart 41

X-cart Shipping Costs eCommerce Definition 41

lateshipment

FEBRUARY 10, 2021

Post-Purchase Customer Experience Amidst the Rise of eCommerce. To keep up with the rise in eCommerce and the sound change in consumer behavior (which is changing rapidly), businesses need to put “customer experience (CX)” at the center of their growth and retention strategies. now lost due to the CX gap.

Improvements 130

Improvements Customer eCommerce Shipping Costs 130

lateshipment

FEBRUARY 10, 2021

Consumer Behaviour Amidst the Rise of eCommerce. To keep up with the rise in eCommerce and the sound change in consumer behavior (which is changing rapidly), businesses need to put “customer experience” at the center of their growth and retention strategies. Customers track orders 6-8 times before delivery.

Improvements 130

Improvements Customer Shipping Costs Payment Services 130

Omnisend

APRIL 20, 2021

In the ever-changing world of modern business, one thing has always been certain: consumer demand is constantly shifting towards online shopping. Any ecommerce brand with a social presence can take advantage of those features to get orders from customers. As an ecommerce brand, you want to have a healthy chunk of that revenue.

Mobile 78

Mobile Payment Services Omnichannel Social Media 78

Ecommerce Platforms

OCTOBER 5, 2018

This essentially means that a shopper’s interaction with a business whether in-store, via its main site, on a mobile version of the site or even social media is consistent, regardless of channel or store location. Omnichannel customers have 30% greater lifetime value than other types of shoppers. Customer Marketing (Email & Text).

eCommerce Platforms 91

eCommerce Platforms Omnichannel Merchant Services Payment Services 91

Ecommerce Platforms

JANUARY 14, 2020

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. A solid customer engagement.

Merchant Services 175

Merchant Services eCommerce Payment Services Shipping Costs 175

BigCommerce

OCTOBER 24, 2017

Their advice includes: Tips on engaging with your customer to grow net new sales and recurring sales. How to increase recurring revenue – and hit $1M in annual sales. I’m talking about really reaching out to check on your customer with short semi-personalized emails that show you care about your customer and their buying experience.

eCommerce 420

eCommerce Shipping Costs Merchant Services Payment Services 420

ROI Revolution

DECEMBER 2, 2021

Shipping, inventory, and fulfillment are the basic underpinnings of a business that must work flawlessly for marketing & advertising to be worth it – and they are all in flux right now. We keep this blog post updated with the information you need to stay in the loop with the supply chain crisis. billion in revenue.

eCommerce 148

eCommerce Social Media Payments Payment Services 148

ROI Revolution

AUGUST 5, 2021

Consumer spending habits returning to normal. Mastercard reports that their Q2 2021 revenue surged 36% over last year, a confident indication that consumer spending is rebounding after the pandemic made shoppers wary of making discretionary purchases. billion in consumer spending in Q2. of all retail sales ( eMarketer ).

eCommerce 197

eCommerce Social Media Payment Services Merchant Services 197

ROI Revolution

JULY 1, 2021

Alternative payment options have surged over the past year and a half after the coronavirus pandemic pushed consumers to be wary about high-contact shopping. Buy now, pay later (BNPL) is one of the myriad alternative payment methods that has seen the most growth since last year, with BNPL adoption up more than 81% year-over-year.

eCommerce 148

eCommerce Social Media Payment Services Merchant Services 148

ROI Revolution

JANUARY 5, 2022

Shipping, inventory, and fulfillment are the basic underpinnings of a business that must work flawlessly for marketing & advertising to be worth it – and they are all in flux right now. We keep this blog post updated with the information you need to stay in the loop with the supply chain crisis. After declining 0.2% Sensormatic).

eCommerce 78

eCommerce Social Media Payments Payment Services 78

ROI Revolution

JUNE 1, 2021

Touchless payment continues to grow. Contactless payment methods surged last year with the pandemic and consumers’ concerns around safety. Touchless transactions like proximity mobile payment, buy now pay later, & BOPIS all surged with COVID-19 and are continuing to see growth even as the pandemic subsides.

eCommerce 158

eCommerce Social Media Payment Services Merchant Services 158

ROI Revolution

MARCH 2, 2021

73% of consumers using D2C ecommerce over the course of COVID-19 plan to continue post-pandemic ( McKinsey ). With consumers more concerned about their discretionary spending, the online resale apparel market is projected to double by 2024 ( Statista ). US online grocery sales surged 54% to reach $95.8 billion in 2020, up from $62.2B

eCommerce 195

eCommerce Social Media Payment Services Merchant Services 195

ROI Revolution

NOVEMBER 4, 2021

Our executive holiday guide for 2021 reveals key insights to prepare your brand to thrive, like the 4 crucial components of a successful holiday strategy & strategic targeting tips to reach new consumers. With demand for freight high and supply so low, it’s becoming very expensive for brands to ship the products their customers buy.

eCommerce 78

eCommerce Social Media Payments Payment Services 78

ROI Revolution

MAY 6, 2021

With the rapid shifts that took place last year, 2021 will be about finding ways to reach wary consumers and filling your marketing toolbox with innovative strategies to stand out. COVID-19 brings increased consumer openmindedness. are seeing customers be less willing to pay full price. What is real-time payment?

eCommerce 148

eCommerce Social Media Payment Services Merchant Services 148

ROI Revolution

OCTOBER 7, 2021

Our executive holiday guide for 2021 reveals key insights to prepare your brand to thrive, like the 4 crucial components of a successful holiday strategy & strategic targeting tips to reach new consumers. Latest stats: Consumer electronics + COVID-19. Globally, consumer electronics ecommerce is expected to grow to $343.34

eCommerce 78

eCommerce Social Media Payments Payment Services 78