GetElastic

DECEMBER 18, 2020

As Gartner aims to prepare application leaders for the accelerated shift towards digital, they predict that, “ By 2024, leading commerce organizations will generate 10% of online revenue from services attached to physical products.”. Payment services. Subscription based models are at the center of recurring revenue in eCommerce.

Merchant Services 148

Merchant Services Payment Services Payments Subscription 148

Retail TouchPoints

JULY 14, 2021

Today’s online shoppers have already formed certain intuitive expectations when it comes to services offered by these ecommerce platforms, such as transparent pricing and product information, on-time order fulfillment, timely email/SMS notifications and of course, a quick and easy payment process. Trying to Build your own DIY Solution.

eCommerce Platforms 257

eCommerce Platforms Payment Services eCommerce Small Business Retail 257

Ecommerce Platforms

JUNE 20, 2022

There's a reason so many subscription-based business models seem to be popping up. It's tough to break through with a successful product, but the rewards are enormous, with cash flow benefits, brand loyalty, and clear revenue projections on a regular basis. Guaranteed, Recurring Revenue.

Subscription 220

Subscription Shipping Costs Merchant Services Payment Services 220

FastSpring

DECEMBER 3, 2020

Businesses are constantly trying to figure out how to increase customer retention rates. But what if your business model is designed to create repeat customers. Essentially, that’s the beauty of subscription business models. Benefits for Subscription Businesses. Increased Customer Retention.

Subscription 120

Subscription Customer Retention Marketing Payment Services 120

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

FastSpring

JUNE 28, 2019

As interest in subscription services continues to rise, maximizing customer lifetime value becomes even more important than ever before. Keep reading to learn why your SaaS company should keep a close eye on your churn rate and see why focusing on customer retention is a viable strategy for long-term success.

Payment Services 78

Payment Services Payments Customer Retention Subscription 78

Ecommerce Platforms

JANUARY 13, 2022

They want access to an infinite supply of streaming channels instead of having to purchase a movie every night. They discovered the incredible benefits of selling Photoshop (and all of their other software) as a monthly/yearly subscription instead of a onetime payment product. Launch an Online Store on Shopify.

Subscription 104

Subscription Shopify Payment Services Merchant Services 104

ROI Revolution

OCTOBER 7, 2022

In this article, we’ll be sharing eight tests you can implement to make sure your brand gets its share of the holiday revenue pie this year. Understanding how customers behave during the holidays can help you as you improve your ongoing customer retention strategy. Key Points to Consider With Holiday A/B Tests.

eCommerce 78

eCommerce Payments Payment Services Mobile 78

MagentoBrain

MARCH 20, 2023

With an online store, small businesses can sell to customers anywhere in the world, breaking down geographical barriers that traditional retail may face. This can lead to increased sales and revenue, which can help small businesses grow and expand their operations.

Small Business Retail 52

Small Business Retail Payment Services Shipping Costs eCommerce 52

ChannelAdvisor

FEBRUARY 27, 2023

Whereas platforms like Google Analytics and Amazon Seller Central can provide you with key KPIs for their specific channels, brand analytics solutions allow you to see across the full breadth of your e-commerce program. Digital commerce metrics allow you to regularly assess the health of: A campaign A channel (e.g.,

eCommerce 52

eCommerce X-cart Shipping Costs Payments 52

ChannelAdvisor

FEBRUARY 27, 2023

Whereas platforms like Google Analytics and Amazon Seller Central can provide you with key KPIs for their specific channels, brand analytics solutions allow you to see across the full breadth of your e-commerce program. Digital commerce metrics allow you to regularly assess the health of: A campaign A channel (e.g.,

eCommerce 52

eCommerce X-cart Shipping Costs Payments 52

GetElastic

SEPTEMBER 7, 2021

Recurring billing ” is the periodic (for example, monthly or annual) invoicing of a customer to collect payment for one or more subscriptions. Subscription management ” is the process of selling new subscriptions and amending existing subscriptions over time. Source: The Rise of the Subscription Business Model ).

Subscription 148

Subscription eCommerce Shipping Costs B2B 148

Ecommerce Platforms

DECEMBER 20, 2019

From the convenience of one dashboard, it integrates point-of-sale (POS) functionality with customer channels and operations. Powerful technology for your business.”. Revel states that it can bring: “A dded value to your business, from generating more revenue, to improving efficiencies, to delighting your customers.” .

POS 118

POS Payment Services Payments Point of Sale 118

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 98

eCommerce Blog Payment Services Shipping Costs 98

Korona

JANUARY 5, 2023

As such, businesses must constantly work on rising above their competitors. Optimizing your checkout means a better user experience, which, in turn, increases conversion rates and customer retention. What’s The Point Of Optimizing The Checkout Process? Allow Multiple Payment Options.

Payment Services 52

Payment Services eCommerce Shipping Costs Payments 52

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

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

Kissmetrics

AUGUST 6, 2021

It costs 5X less to retain a customer than it does to acquire a new one. That’s why customer retention is crucial to growing your Ecommerce business. What is customer retention? Customer retention is the ability to encourage customers to keep coming back to make purchases.

Customer Retention 302

Customer Retention Customer Payment Services BigCommerce 302

ChannelAdvisor

MARCH 24, 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 71

eCommerce Blog Payment Services Shipping Costs 71

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

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

365 Retail

NOVEMBER 14, 2022

But the peak season sales market is a competitive one, so getting ahead of the game and understanding your customer’s wants and needs is critical. You must know when to restock and make sure you don’t sell items that aren’t available, after all, astute inventory management drives scalability, profit, and customer retention.

Payment Services 57

Payment Services Shipping Costs Merchant Services Order Fulfillment 57

Kibo

FEBRUARY 3, 2023

Whether you’re a B2B company selling recurring services or a DTC company selling product subscriptions, customer retention and happiness are at the core of a successful business. In this article, we’ll outline four strategies to help boost your retention rate and discuss how technology will help you implement these strategies.

Customer Retention 62

Customer Retention Subscription Payment Services Customer 62

lateshipment

FEBRUARY 14, 2020

In a typical online retail transaction, the customer adds the item they wish to buy to their shopping cart. Once payment is made through a gateway, a confirmation email with order details is sent to them by the retailer. Consequently, the onus lies with the retailer to ensure their customers have a memorable delivery experience.

Customer Experience 260

Customer Experience Management Shipping Costs Customer 260

Algopix

JULY 13, 2023

Integration with Other Business Systems For seamless operations, CRM systems integrate with various other business systems such as ERP, accounting, and e-commerce platforms. These integrations ensure data consistency, eliminate manual data entry, and enable a holistic view of business processes.

Payment Services 78

Payment Services eCommerce Management Customer 78

Omnisend

APRIL 26, 2021

Check out how Black Mango generates 43% of their email revenue effortlessly. This is a win-win because people love convenience and customers sometimes make snap decisions based on a strong initial reaction to a particular product. A good omnichannel marketing strategy also includes social media channels.

eCommerce 135

eCommerce Social Media Merchant Services Shopify 135

GetElastic

OCTOBER 6, 2021

As an operator: You get to choose the revenue stream that best fits the market niche you want to address: Commission Model: Where you get to charge a percentage or fixed fee for every transaction to merchants. Membership Fee Model: Where you can charge a monthly or yearly fee to both sellers and buyers.

Payment Services 78

Payment Services Merchant Services eCommerce Shipping Costs 78

SellBrite

APRIL 23, 2019

This loan takes a portion of your sales back as payment or requires you to pay a set fee in exchange for funds. There’s no sense applying for a $60,000 loan with a 25% interest rate if it means funneling your profits into debt repayment vs. reinvesting the funds into your business. Cash advance. Peer-to-peer loan. Angel Investor.

Shipping Costs 104

Shipping Costs eCommerce Payment Services Banking 104

FastSpring

MARCH 15, 2021

While implementing a subscription model means ongoing revenue, it also brings up many challenges for managing those subscriptions. You have to create a subscription-friendly product, infrastructure, marketing plan, and customer retention plan. Why Shift to a Subscription Revenue Model. Stronger Customer Relationships.

Subscription 142

Subscription Payment Services Shipping Costs Payments 142

lateshipment

APRIL 6, 2023

Repeat customers are receptive to more: They’re eager to test out new goods and services from a company they already know and respect. According to research done by the Aberdeen Group , companies that provide a consistent service quality across multiple channels retain 89% of their customers.”

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

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

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. One study even found that contactless payments can be a differentiator for retailers.

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

Ecommerce Platforms

FEBRUARY 13, 2020

Shopify's hardware integrates with the software to allow the seller to accept payments at extremely low credit card rates. For all it's worth, the Shopify POS allows you to: Accept partial payments, sell gift cards, split payments, accept credit and debit cards using external card terminals. Customer support.

Shopify 156

Shopify Merchant Services Payment Services eCommerce 156

GetElastic

APRIL 28, 2022

Direct Control : Without having to rely on parties to sell their products, DTC businesses are able to have direct and full control over their pricing, products, and branding. An example of a DTC eCommerce brand is Glossier, a company in the beauty industry, which uses the platform Contentful to facilitate their sales channels.

Payment Services 78

Payment Services eCommerce Customer Retention Demo 78

Ecommerce Platforms

MARCH 15, 2021

It's designed to help ecommerce brands utilize historical data to retain customers and grow sustainably. By 2019, Metrilo tracked over 3098 thousand events and processed nearly a billion orders! Metrilo empowers you to monitor various marketing channels, referrals, and influencer campaigns. Social channels. Custom tags.

Payment Services 138

Payment Services Merchant Services Live Chat eCommerce Analytics 138