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99 eCommerce Acronyms

GetElastic

3PL 3rd Party Logistics AOV Average Order Value API Application Programming Interface B2B Business-to-Business B2C Business-to-Consumer B2E Business-to-Employee BOM Bill of Materials BPA Business Process Automation BPM Business Process Management CDN Content Delivery Network CMS Content Management System COD Cash on Delivery CPA Cost Per Action CPC (..)

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What Should You Look for in an Ecommerce Platform?

Kibo

Some ecomm platforms are quick and easy to implement for small businesses that have moved online. Some are embedded in much larger supply chain offerings that include in-store technologies. . How can you determine the best fit for your business? If COVID-19 taught customers anything, it was the benefits of comparison shopping.

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Ecommerce Glossary

AcquireConvert

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).

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Affiliate Programs Made Simple: A Step-by-Step Guide For Ecommerce Sites

BigCommerce

Approximately 15% of all digital media industry’s revenue comes from affiliate marketing. 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. Commission – the amount you paid to affiliate marketers to promote your business.

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Top Market-Driven B2B eCommerce Trends of 2021

GetElastic

Key data shows that: Mobile influences an average of over 40% of revenue in leading B2B organizations. Implement customer self-service portals with the optimal ERP-integrated solution, enabling post-order care that supports independent tracking, invoices, and payment.

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How to Forecast Demand in Retail (2020)

Retalon

And inventory-driven costs extend well beyond payments to your suppliers. Underestimating demand results in empty shelves, rainchecks, dissatisfied customers, and lost revenue and profit. On top of that, even smaller retailers must address the multi-channel reality of today’s shopping environment.

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An Overview of how the BOPIS Retail Strategy is Transforming the Industry (2021)

Retalon

Turning your storefronts into local return centers gives your business advantages over purely online competitors. ROPIS (Reserve Online Pickup In-Store): Shifts the payment transaction to the store. Payment, return, and exchange policies. Furthermore, many online retailers provide easy-to-use comparison tools.