Remove Customer Retention Remove Merchant Services Remove Online Retail Remove Small Business Retail
article thumbnail

How to Recession-Proof Your Online Retail Business Without Raising Prices

Korona

It is, therefore, essential that business owners and leaders prepare their organizations to survive (and hopefully even thrive) in the next recession, whenever it comes. Below are some concrete ideas for protecting your retail business from the recession without raising prices. Table of Contents. Boost your income streams.

article thumbnail

What is Shopify & How Does Shopify Work?

Ecommerce Platforms

This is a plus for small businesses with less money, time, and no warehouse space. Dropshipping is a tested online business model that doesn't prompt you to hold any stock levels. The store owner, instead, forwards customers’ orders to the supplier who completes the fulfillment process by shipping the products directly.

Shopify 156
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

20 Experts Predict the Future of Ecommerce

Smile.io

From the start of the pandemic to the accelerated growth of online retail. To the now looming recession and an increase in prices of everyday goods and services that every consumer is feeling. Quite the opposite, Retail Dive reports ecommerce sales in Q4 of 2022 reached their highest quarterly level ever at $332.2

article thumbnail

How To Start an Ecommerce Business in 2020 – 6 Step Guide

Ecommerce Platforms

Ecommerce is an acronym for ‘electronic commerce' which easily refers to online business transactions. An ecommerce transaction extends to services that are sold online. Launching an online retail business requires you to bind all steps and priorities into a single yet intently drafted blueprint.

article thumbnail

How Coronavirus (COVID-19) Is Impacting Ecommerce [August 2021]

ROI Revolution

It’s not just that shoppers are spending more – it’s also that they’re making more digital payments and fewer cash payments. Contactless payments grew 37% YoY in Q2 2021 to account for 45% of global in-person transactions. Total retail sales were up 11% year-over-year this June, a 10.4% increase over 2019.

eCommerce 197
article thumbnail

How Coronavirus (COVID-19) Is Impacting Ecommerce [December 2021]

ROI Revolution

In fact, online sales have reached $109 billion so far – a significant increase from the $90 billion we were at this time last year. Retail sales as a whole still saw significant yearly growth on Black Friday according to data from Mastercard SpendingPulse. US retail ecommerce revenue was just $285.9 growth this year.

eCommerce 148
article thumbnail

How Coronavirus (COVID-19) Is Impacting Ecommerce [March 2021]

ROI Revolution

Nearly 60% of millennials are watching more TV on subscription services due to COVID-19 ( GlobalWebIndex ). Online grocery orders peaked at $7.2 With 160 million customers visiting Walmart stores or Walmart.com each week , Walmart is the largest retailer in the US. Ecommerce retail sales are projected to grow 14.3%

eCommerce 195