BigCommerce

JUNE 22, 2017

What that quote gets at is the inherent value and upward trajectory that naturally comes along with incremental gains. Today, we are excited to announce updates to the BigCommerce’s Ecommerce Analytics and Insights suite –– including increased data accuracy, streamlined user interfaces and easier to understand pricing. Diamond Candles.

eCommerce Analytics 402

eCommerce Analytics BigCommerce eCommerce Shipping Costs 402

Smile.io

SEPTEMBER 1, 2023

Ecommerce retention is as important as ever with high acquisition costs, economic woes, and increases in brand competition. In order to maximize your retention efforts , you need to understand how to track and measure some key retention metrics. How do you calculate Customer Churn Rate?

Customer Retention 71

Customer Retention Mobile Improvements Customer Experience 71

Omnisend

JANUARY 12, 2021

Customer Lifetime Value (CLV) is one of the most important metrics you can track for ecommerce. In this piece, we’ll dive deeper into the CLV formula, how to calculate CLV for ecommerce, and some strategies for improving your CLV. What is Customer Lifetime Value? Why Customer Lifetime Value Matters for Ecommerce.

X-cart 109

X-cart Customer Customer Retention Shipping Costs 109

Smile.io

NOVEMBER 3, 2023

billion orders  One important thing to notice with those numbers is since merchants can choose to only reward shoppers with accounts and do things like exclude certain products or collections, we have data from orders that both did and didn’t include Smile points being earned or Smile generated coupons being used.

Reference 110

Reference Social Media Improvements Customer 110

BigCommerce

JUNE 13, 2017

And you can clearly see this particular brand is heavily focused on increasing returning customer spend. . It often takes advertising to acquire –– and if they don’t come back to purchase again, you’re return on ad spend stays steady, rather than increasing over time. How 5 Brands Made Customer Lifetime Value a Business Priority.

Shipping Costs 417

Shipping Costs Customer Loyalty Customer Social Media 417

Omnisend

DECEMBER 22, 2021

The average order value of your store is a metric, but an average order value of $30 is a KPI. In ecommerce, the ultimate goal is to increase revenue, so track website metrics that help you do it. For example, when you refine the quality of your traffic, your conversions might increase.

X-cart 78

X-cart eCommerce Shopping Carts Shipping Costs 78

BigCommerce

NOVEMBER 16, 2017

While many brands start out in ecommerce by taking a simplistic approach to shipping –– like offering free shipping across the board or showing unmodified UPS or USPS rates –– the most successful merchants use strategic shipping options to differentiate themselves from their competition and increase margins. Increase average order value.

Shipping Costs 420

Shipping Costs Shipping Merchant Services eCommerce 420

Wiser

MAY 20, 2021

Every eCommerce seller, like any business whose aim is to sell, has its prices as a powerful resource to attract customers and increase revenue. Once you are established and have a higher volume of business, you can increase your prices and bring them in line with your other regions. The first step? Discount Dates.

Shipping Costs 122

Shipping Costs eCommerce Shipping Presentation 122

Smile.io

JANUARY 10, 2024

Loyalty programs are part of a larger retention strategy that brings customers back to your store, builds a loyal following, and boosts customer lifetime value (CLV) and repeat purchase rates. This 5% is made up of your most loyal repeat customers, making it clear that repeat customers generate revenue and are extremely profitable!

Shopify 46

Shopify Social Media Jewelry Customer Loyalty 46

Korona

AUGUST 24, 2022

In this article, you will learn what safety stock is, how to calculate it, and factors to consider before calculation. We’ll also walk you through the impact of using inventory management software to calculate it accurately and optimize inventory management. How to calculate safety stock? What Is a Purchase Order?

Retail 52

Retail Shipping Costs POS Supplies 52

Korona

AUGUST 24, 2022

In this article, you will learn what safety stock is, how to calculate it, and factors to consider before calculation. We’ll also walk you through the impact of using inventory management software to calculate it accurately and optimize inventory management. How to calculate safety stock? What Is a Purchase Order?

Retail 52

Retail Shipping Costs POS Supplies 52

Ecommerce Platforms

JUNE 13, 2019

Whether you’re dropshipping or fulfilling orders by yourself, there's one thing you can know for sure — online shoppers hate paying for shipping. Amazon’s ever-increasing domination over the online retail market shifted the customer’s perspective and set completely new standards. And frankly, how could they not? Absurd, right?

Shipping Costs 168

Shipping Costs Shipping X-cart eCommerce 168

BigCommerce

MARCH 3, 2017

In order to maximize traffic, you will want to build an authority website. In order to maximize traffic, you will want to build an authority website. Let’s talk about ecommerce content marketing and it’s importance. So many online store owners and marketers ignore the power of content marketing. What is Content Marketing?

PPC 417

PPC eCommerce Social Media Blog 417

BigCommerce

APRIL 12, 2017

When you are looking to increase your conversion rate, you need to know your end goal. This guide covers how to increase ecommerce conversion rates on your site. Average ecommerce conversion rates are 1% – 2%. I built a website, promoted it on Facebook and am getting a lot of visitors, but no one is buying.

eCommerce 419

eCommerce BigCommerce Payment Services Shipping Costs 419

BigCommerce

JUNE 20, 2017

They matter so much so, in fact, that brands that redesign their site regularly report a 20-300% increase in revenue within 3-6 months after launch. . The industry average for year-over-year revenue growth is less than 25%. Brands that redesign their site regularly report a 20-300% increase in revenue within 3-6 months after launch.

eCommerce 379

eCommerce BigCommerce eCommerce Design Mobile 379

BigCommerce

JANUARY 23, 2018

Everything keeps changing, and the best of the best have to be able to pivot –– quickly and competently –– in order to keep up. Whether you’re a developer, marketer, entrepreneur or Fortune 500 CEO, there’s an inkling in the back of your mind that perhaps, in the near future, your job or company may be obsolete. It’s not an unfounded fear.

Payment Services 362

Payment Services eCommerce BigCommerce eCommerce Platforms 362

Smile.io

MAY 29, 2020

"Purchase frequency is the number of times an average customer buys a good or service from a single seller in a given period." - The Financial Dictionary In ecommerce, acquiring customers is only one piece of a big pie. Before you try anything new, you want to know how to calculate how well you’re currently doing.

Improvements 65

Improvements Games Merchant Services Customer Experience 65

Retalon

AUGUST 22, 2023

Calculating your inventory turnover ratio provides insight into the health and efficiency of your retail operations. Calculating your inventory turnover ratio provides insight into the health and efficiency of your retail operations. It calculates the number of times average inventory is sold during a period.

Food and Beverages 41

Food and Beverages Retail Specialty Retailers Consumer Electronics 41

Korona

FEBRUARY 9, 2023

Bureau of Labor Statistics (BLS) , 20% of businesses fail in the first year, 45% in the first 5 years, 65% in the first 10, and 75% in the first 15. This guide will walk you through some tips about improving retail performance and key metrics you should track to get the most out of your business. Free shipping leads to more orders.

Improvements 98

Improvements Payment Services POS Payments 98

ROI Revolution

JULY 31, 2023

While shoppers are getting started with their holiday shopping, you should be wrapping up strategic planning so that you’re prepared to capitalize on this increased purchase intent. US retail holiday season sales are expected to surpass $1.3 trillion in 2023. Are you prepared to exceed your brand’s goals this holiday season?

eCommerce 78

eCommerce Shipping Costs Gifts Payments 78

BigCommerce

APRIL 14, 2017

69.23% –– that’s the average percentage of online consumers who will put something in a cart on your site and then just up and leave without ever purchasing. 24%: Couldn’t see or calculate total order cost up-front. 5%: Their credit card was declined. 24%: Couldn’t see or calculate total order cost up-front.

Shipping Costs 411

Shipping Costs Payments Payment Services BigCommerce 411

BigCommerce

FEBRUARY 1, 2018

If you’re just dropping in to this guide here, then we have a lot to cover! First, this is one chapter in a 9-chapter guide on how to start a profitable online business. We’ve covered everything from laws and nuances to how to source product to even giving you a free startup template for a competitive analysis in your industry. Decide what to sell.

Shipping Costs 411

Shipping Costs Merchant Services Payment Services BigCommerce 411

Omnisend

APRIL 13, 2021

It calls for a delicate balance between customers’ purchasing power, product value, and bottom line. In this piece, we’ll go over different ecommerce pricing strategies, with examples and pricing tips to help you get it right the first time. Increases your profits: Ultimately, price serves to increase your bottom line.

Shipping Costs 88

Shipping Costs eCommerce Shipping Marketing 88

Omnisend

FEBRUARY 8, 2021

Reading Time: 5 minutes. For most nimble ecommerce marketing teams, personalized retention marketing might seem like something ‘we’re gonna take care of tomorrow’ We all realize its value, but there’s only so much you can do with a lean team on a daily basis. Customer lifecycle marketing. Cherish Strategy.

Customer Retention 97

Customer Retention Improvements Customer Channel 97

Algopix

JANUARY 5, 2023

Here are some tips to help you make the most of this system: 1. This will show buyers that you value their opinion and are willing to work with them to ensure they have a positive experience. As an Amazon seller, feedback is one of the most important aspects of your business. How to Use Amazon Seller Feedback . Respond to Feedback.

Improvements 78

Improvements Customer Experience Information Customer 78

BigCommerce

MAY 25, 2018

And your return on ad spend is only average. You’re making a decent amount of revenue and things are chugging along nicely. But it’s not all bubblegum and roses. Frankly, you’re having challenges. Your store’s ecommerce conversion rate – and thus your conversion funnel – isn’t that great. Carts get abandoned more than you’d like.

eCommerce 338

eCommerce Shipping Costs Improvements Conversion Optimization 338

BigCommerce

OCTOBER 4, 2017

Whether you’re the SEO for a bigger ecommerce company looking to demonstrate the ROI of SEO, a smaller online business owner trying to find scrappy ways to grow your business, or a growth marketer looking for innovative and highly effective ways to increase traffic, this post is for you. Part 5: Technical SEO. Part 4: On-Page SEO.

SEO 419

SEO eCommerce Gifts Blog 419

BigCommerce

MAY 4, 2018

IRCE 2018 is June 5-8, in Chicago at McCormick Place West. We’re on a mission to provide businesses like yours marketing and sales tips, tricks and industry leading knowledge to build the next house-hold name brand. IRCE is arguably the ecommerce industry’s biggest and most influential annual event. What Is IRCE? When is IRCE?

Workshop 419

Workshop Presentation Payment Services Merchant Services 419

BigCommerce

JULY 25, 2017

I talk to 3-5 ecommerce owners or business operators each week. And our conversations vary widely. It always starts with the same question –– one I learned back in my journalism days to solicit long answers that slowly reveal the direction of the entire conversation: How did the business get started and how get it get to where it is today?

Shipping Costs 419

Shipping Costs eCommerce BigCommerce B2B 419

Omnisend

DECEMBER 30, 2020

When you consider seven out of ten carts are abandoned (on average), there’s lots of revenue at stake. For online store owners, recouping even a fraction of abandoned orders can drastically add to your bottom line. There are seven primary reasons why potential customers abandon their shopping carts. Get My Copy.

WooCommerce 147

WooCommerce X-cart Shipping Costs Merchant Services 147

BigCommerce

JUNE 27, 2017

Expected result: Increased conversions from the current 0.6% to the overall site average of 2.5%. Expected result: Increased conversions from the current 0.6% to the overall site average of 2.5%. Once all the data is in, it is time to compile the elements that need improvement and consider how to improve them.

Improvements 274

Improvements Reference Other Events 274

Smile.io

OCTOBER 25, 2023

Implementing a loyalty program can help bring customers back to your store, build a loyal following, and boost customer lifetime value (CLV) and repeat purchase rates. billion shoppers and 250,000 ecommerce brands, 41% of an ecommerce store’s revenue is created by only 8% of its customers, and your top 5% of customers generate 35%.

Shopify 70

Shopify Social Media Blog eCommerce 70

BigCommerce

JUNE 8, 2017

The orders are rolling in and your business is primed for explosive growth. What is order fulfillment? Fulfillment encompasses the entire process of receiving an order and delivering it to a customer. Order management. How to choose an order fulfillment system. That’s it, right? Not so fast. Customer communication.

Drop Ship 417

Drop Ship Shipping Costs Fulfillment Shipping 417

Ecommerce Platforms

AUGUST 6, 2022

Running an efficient online store requires seamless order fulfillment , and often that means upgrading to a 3rd-party logistics (3PL) provider. This outsourcing of the fulfillment process works by sending products to the 3PL, where they store, pick, package, and ship the items as orders come in through your store.

Fulfillment 104

Fulfillment Shipping Costs Merchant Services Shipping 104

Kissmetrics

MARCH 22, 2018

Don’t try to piece it all together using excel or a calculator. I don’t like dealing with it either. But, if you want your business to grow, you can’t avoid it. You could try tossing all your receipts into a shoebox and handing them to a stranger. But you’ll be handing them financial control. That means risking the success of your business.

eCommerce 207

eCommerce Shipping Costs Payment Services Banking 207

Ecommerce Platforms

NOVEMBER 9, 2018

It also lets you know that a new order has come in. After all, you don't want to have to deal with transaction problems, customers' orders vanishing, wrongly set shipping details; and don't even get me started on security vulnerabilities. Figuring out how to sell online all on your own can be intimidating. Click for table of contents.

Shipping Costs 218

Shipping Costs Live Chat Shipping SEO 218

Kissmetrics

APRIL 14, 2021

Launching a new Google Ads search campaign is an exhilarating process. Excitement, anxiety, fear, and hope are emotions that come to mind when I’m about to click the Enable button on a new campaign. If you are just getting started, you might be afraid of messing it up. So let’s get down to it. Google Adwords Step #1: Is There Customer Demand?

X-cart 307

X-cart Recommendation Customer Other 307