FastSpring

SEPTEMBER 24, 2020

Revenue vs. profit vs. income: The terms may seem synonymous and are sometimes even used interchangeably, but they tell different stories about a company. Revenue growth suggests an expanding business and in-demand product, but whether there is any financial gain for the business is determined by the income.

Payments 104

Payments Payment Services Subscription Reference 104

Korona

FEBRUARY 9, 2023

And growing the business is even more difficult. But how do you improve store performance? What are the most important metrics to assess the health of your business? 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.

Improvements 98

Improvements Payment Services POS Payments 98

FastSpring

JULY 12, 2019

However, there’s one metric that doesn’t get as much attention—customer lifetime value. Since most SaaS and subscription-based businesses depend on recurring payments to sustain themselves, it can pay dividends to keep a close eye on lifetime value and customer retention rates.

Subscription 76

Subscription Payment Services Payments Customer 76

FastSpring

JULY 16, 2019

You’re constantly racing against the clock to get your product off the ground and generating revenue as quickly as possible. Since SaaS-friendly billing, also known as recurring billing , is designed specifically for companies who sell online services with a subscription model, it offers many advantages over a typical payment system.

Payments 75

Payments Payment Services Subscription Customer Loyalty 75

Retail TouchPoints

JUNE 23, 2022

If your customers are largely Gen Z students and millennial parents, accurate personalization can set you apart from competitors by making it easy for busy back-to-school shoppers to find exactly what they need. You can also use personalization data to create bundle and subscription offers tailored for your BTS customers.

Payment Services 288

Payment Services eCommerce Payments Retail 288

Retail TouchPoints

SEPTEMBER 21, 2021

The 15 sessions covered a wide range of topics, so to make it easier to browse we’ve organized the sessions into four categories: Holiday 2021 forecasts and how best to prepare for 2022; Building loyalty with connected consumer experiences; Key ecommerce and digital marketing trends; and Embedding innovation within your retail organization.

Payments 242

Payments Payment Services Customer Experience Social Media 242

FastSpring

JANUARY 29, 2020

This way, we can ensure that we’re not only improving our ecommerce solution to better meet your needs, but also the ever-changing demands of the digital economy. Want to learn more about the five ecommerce payment trends shaping 2020? Push for smarter payment processing. A push for smarter payment processing.

Payment Services 85

Payment Services Merchant Services Payments eCommerce 85

FastSpring

JANUARY 25, 2019

This way, we can ensure that we’re not only improving our ecommerce solution to better meet your needs, but also the ever-changing demands of the digital economy. Want to learn more about the 5 ecommerce payments trends shaping 2019? A push for smarter payment processing. Keep reading to find out more. billion , a 19.3%

Payment Services 62

Payment Services Merchant Services Payments eCommerce 62

FastSpring

JUNE 28, 2019

Today’s shoppers are shifting away from one-time purchases in favor of becoming long-term customers. As interest in subscription services continues to rise, maximizing customer lifetime value becomes even more important than ever before. What is customer churn? Customers may choose to opt out of a subscription service.

Payment Services 78

Payment Services Payments Customer Retention Subscription 78

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

Korona

OCTOBER 19, 2021

Your customer has just finished adding items to their cart, and they are happy with the purchase they are about to make. You take their credit card and insert it into your payment processor machine , but suddenly the screen displays a credit card declined code. Ask the customer to try the payment again.

Payment Services 52

Payment Services Payments Merchant Services POS 52

Korona

OCTOBER 19, 2021

Your customer has just finished adding items to their cart, and they are happy with the purchase they are about to make. You take their credit card and insert it into your payment processor machine , but suddenly the screen displays a credit card declined code. Ask the customer to try the payment again.

Payment Services 52

Payment Services Payments Merchant Services POS 52

Korona

SEPTEMBER 7, 2022

For a company to be successful, it must ensure that it is customer-centric , which means that it understands the needs of its current customer base and is working to reach a new one. Satisfied customers can generate profits through customer retention and referrals and lower customer acquisition costs.

Small Business Retail 52

Small Business Retail Payment Services Management Payments 52

FastSpring

MAY 13, 2021

By featuring a “Buy Now” button on your homepage, you reduce friction and get your customers one step closer to completing a purchase directly from your home page. Benefits of a “Buy Now” Button on Homepage: · Improved speed of purchase. Simplified checkout process. Benefits of a Fast Website: · Better customer experience.

Payment Services 79

Payment Services Shopping Carts eCommerce Mobile 79

FastSpring

MAY 13, 2021

By featuring a “Buy Now” button on your homepage, you reduce friction and get your customers one step closer to completing a purchase directly from your home page. Benefits of a “Buy Now” Button on Homepage: · Improved speed of purchase. Simplified checkout process. Benefits of a Fast Website: · Better customer experience.

Payment Services 78

Payment Services Shopping Carts eCommerce Mobile 78

Kibo

FEBRUARY 3, 2023

In the midst of uncertain economic times, many businesses are considering subscription business models and how they can be used to drive customer loyalty. Despite the economic conditions, the subscription economy remains strong —the overall market has a predicted worth of up to $3 trillion.

Customer Retention 62

Customer Retention Subscription Payment Services Customer 62

FastSpring

AUGUST 11, 2020

When it comes to software and online purchases, those transactions are increasingly moving to a subscription-based model, where customers put their purchases on autopilot so they can have continuous access to SaaS products. Subscription services are what customers want. How to move to a subscription revenue model.

Subscription 93

Subscription Payments Payment Services Shipping Costs 93

Korona

MARCH 7, 2023

And since reporting on gift card transactions is so straightforward, retailers have the data they need at their fingertips to understand their customers and make smart decisions about their business. Plus, when customers use gift cards rather than cash or credit cards, it’s often cheaper for merchants to process fees.

POS 52

POS Gifts Payment Services Merchant Services 52

FastSpring

MARCH 15, 2021

That’s the beauty of subscription models. 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. Easier to Scale.

Subscription 142

Subscription Payment Services Shipping Costs Payments 142

Korona

JUNE 23, 2022

Whether you run a museum, an amusement park, a zoo, or an entertainment venue, online ticket sales are most likely a big part of your revenue. Researching all options and understanding the pros and cons of each is a tedious process, and it’s one that’s going to be unique for each type of operation.

Merchant Services 52

Merchant Services Payment Services POS Events 52

Korona

AUGUST 23, 2022

And even better, they can order a subscription box and receive their products regularly without thinking about it. And the numbers speak for themselves – subscription business revenues are growing five times faster than S&P 500 companies. But the most critical question is how to start a subscription business.

Subscription 52

Subscription Payment Services Shipping Costs Payments 52

Korona

AUGUST 17, 2021

And though many running costs for a business are inevitable – utilities, maintenance, salaries, benefits, advertising, etc. Today, let’s look at 8 ways that retail businesses can cut running costs. Doing so will help improve your profitability and allow your business to scale. Automate Processes.

Shipping Costs 52

Shipping Costs Payment Services Retail Document 52

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

Kissmetrics

MARCH 23, 2018

Amazon has a lot of the same problems that most retailers have when dealing with customer service. They still deal with customer complaints with varying degrees of success, just like everyone else. And customer experience can play a big role in customer retention and loyalty. Consider adding subscription services.

eCommerce 210

eCommerce Shipping Costs Subscription Payment Services 210

FastSpring

JANUARY 23, 2019

When it is set up correctly, recurring billing can fulfill both of these requirements by not only supporting your business with a consistent revenue stream but also boosting customer loyalty with a hassle-free collection process. It seems then, that recurring billing is one proven way to grow your business.

Payments 65

Payments Payment Services Subscription Customer Retention 65

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

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

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 comes with ready-to-use revenue breakdowns, pinpointing the following: New/returning customers. Revenue generated.

Payment Services 138

Payment Services Merchant Services Live Chat eCommerce Analytics 138

Retalon

AUGUST 22, 2023

How to Calculate GMROI = (Annual Gross Margin ÷ Average Inventory) x 100 To break this down: Gross Margin = Total Revenue – Cost of Goods Sold Average Inventory = (Beginning Inventory + Ending Inventory) / 2 Benchmarks GMROI can vary widely depending on the retail sector: Overall, a GMROI of 2.0+

X-cart 41

X-cart Shipping Costs eCommerce Definition 41

Inflow Insights

JULY 12, 2018

Marketo defines marketing automation as “technology that allows companies to streamline, automate, and measure marketing tasks and workflows so they can increase operational efficiency and grow revenue faster.” The company bills its solution as a “ Customer Retention & Predictive Marketing Automation Platform.” Integrations.

eCommerce Marketing 160

eCommerce Marketing eCommerce Marketing Payment Services 160

ESW

MAY 23, 2018

A good developer could work with your web host to speed up your site and improve security by upgrading to PHP 7, but this is labor intensive and doesn’t guarantee your extensions will operate smoothly or at all. That is a huge improvement that will translate into actual revenue gains.

Payment Services 60

Payment Services Magento eCommerce Shipping Costs 60

Ecommerce Platforms

NOVEMBER 11, 2019

There are so many precedents set that validate and illustrate why a customer loyalty program is appropriate for any business looking to heighten the projected revenues. The biggest notion here is that regular customers tend to spend more on purchases than new ones. Two minds think alike. Isn’t that what they say? .

Customer Loyalty 143

Customer Loyalty Customer Merchant Services Payment Services 143

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

AUGUST 5, 2021

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. It’s not just that shoppers are spending more – it’s also that they’re making more digital payments and fewer cash payments.

eCommerce 197

eCommerce Social Media Payment Services Merchant Services 197

ROI Revolution

DECEMBER 2, 2021

billion in revenue. Revenue from ecommerce is expected to reach $469.3 US retail ecommerce revenue was just $285.9 Consumer electronics saw nearly 16% revenue growth last year. Shopify’s total revenue grew 57% year-over-year in Q2 2021, with Shopify’s merchants generating an additional $1.1 growth this year.

eCommerce 148

eCommerce Social Media Payments Payment Services 148

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

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. June 1 update.

eCommerce 158

eCommerce Social Media Payment Services Merchant Services 158