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December 2020 COVID-19 + Ecommerce Update

ROI Revolution

Visit this blog post for more COVID-19 news about where the world of ecommerce has gone since last March when the pandemic started. Pandemic accelerates digital retail: Stats + trends. According to eMarketer data , as of June 2020, 30% of consumers indicated interested in mobile payments , up from 17% just three months before in March.

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How to Calculate Gross Profit Margin- A Guide For Retailers and SMB Owners

Korona

Let’s start by stating the obvious: the goal of any business, no matter its size, is to make a profit. And as a retailer or SMB owner, it is crucial to monitor your profit margins regularly as it allows an efficient allocation of resources. . Here are the critical points we’ll cover in this blog? What is the gross profit margin?

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How to Calculate Gross Profit Margin- A Guide For Retailers and SMB Owners

Korona

Let’s start by stating the obvious: the goal of any business, no matter its size, is to make a profit. And as a retailer or SMB owner, it is crucial to monitor your profit margins regularly as it allows an efficient allocation of resources. . Here are the critical points we’ll cover in this blog? What is the gross profit margin?

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How To Start a Retail Business: The Ultimate Guide

Korona

In recent years, the retail industry has experienced remarkable growth despite the economic consequences of the COVID-19 crisis. According to the National Retail Federation , the total number of retail locations in the U.S. In addition, during May of 2021, retail sales reached a record high of over $570 billion. .

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Top 10 Blog Posts of 2020 from KORONA POS: Must-Reads for Retailers

Korona

Sadly, too many small businesses were unable to make it through the past 9 months. But we’re hopeful that 2021 will offer a reprieve and allow many of those business owners who shuttered their doors to start a new venture. One way we do this is through our blog! 10 – Reducing Operating Expenses. #9

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8 Simple Tips to Lower Retail Credit Card Processing Fees

Korona

Too often we speak with small business owners who underestimate the importance of finding the best credit card processing agreement. For businesses that have a higher volume of business, they add up even faster. On average, businesses pay a processing fee of 1.5% for each transaction. Simply put, there are a bunch.

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The Best POS (Point of Sale) Systems for 2019: The Ultimate Guide

Ecommerce Platforms

Store management and payment processing – the two functions that pretty sum up what you should expect from a POS system. In other words, leveraging an efficient point of sale system software should help you streamline all your in-store operations. Even novice users should be able to install and operate without any difficulties.