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[Guest Blog] Top Finance Tips for High-Volume E-Commerce Businesses

ChannelAdvisor

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.

article thumbnail

[Guest Blog] Top Finance Tips for High-Volume E-Commerce Businesses

ChannelAdvisor

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.

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What is Shopify & How Does Shopify Work?

Ecommerce Platforms

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
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An Beginner’s Guide To Creating A Customer Loyalty Program In 2020

Ecommerce Platforms

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? .

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

ROI Revolution

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

ROI Revolution

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

ROI Revolution

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