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 65

Payments Payment Services Subscription Customer Loyalty 65

FastSpring

APRIL 26, 2022

In part two, we’ll cover five churn-prevention strategies that have been successful in other SaaS businesses. Part I: SaaS Churn Benchmarks Part II: 5 Proven Strategies for Reducing SaaS Churn Part III: Churn Definitions and Additional Resources. In part one, we cover benchmarks and common churn formulas. Table of Contents.

Payments 115

Payments Subscription Payment Services Definition 115

Retail TouchPoints

MAY 28, 2021

Thoughts of poor customer service probably ring a bell in your own mind, and these opinions are hard to change — but there is hope. Customer service is changing rapidly to meet consumer behavior, providing smoother, more integrated experiences than ever before. 3 Data-Backed Reasons why Customer Service is Essential.

Payment Services 165

Payment Services Games Live Chat Customer 165

Ecommerce Platforms

DECEMBER 12, 2022

The best Shopify subscription apps help busy entrepreneurs to rapidly process repeat payments from a range of customers. If you sell software, online courses, or anything else which requires consistent weekly, monthly, or annual payments from clients, these apps will keep your cash flow on track. Let’s dive in.

Subscription 118

Subscription Shopify Merchant Services Shipping Costs 118

RetailMinded

APRIL 20, 2023

By embracing new technology, digitizing processes, streamlining staff training, and enhancing the customer shopping experience, businesses can improve operational efficiency, foster customer loyalty, and drive revenue growth. Also, it maintains customer interest and showcases new or seasonal products.

Payment Services 52

Payment Services Payments eCommerce Retail 52

Groove

OCTOBER 7, 2022

The added value for customers is that they receive items expert-level curation services of products at a price lower than can be found elsewhere. The goal of merchants with existing subscription programs is to increase the CLV (Customer Lifetime Value) for as many subscribers as possible to maximize revenue.

Subscription 195

Subscription Shopify Merchant Services Payment Services 195

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. It forces you and your team to think about your marketing strategy in a new way.

Subscription 97

Subscription Customer Retention Marketing Payment Services 97

Optimizely

OCTOBER 22, 2020

Ecommerce and the rise of digital payment services made it possible for all businesses, big and small alike, to increase their customer retention and nurture their returning customers with loyalty programs.

Payments 367

Payments Customer Loyalty Customer Retention Outdoor 367

Groove

OCTOBER 7, 2022

The added value for customers is that they receive items expert-level curation services of products at a price lower than can be found elsewhere. The goal of merchants with existing subscription programs is to increase the CLV (Customer Lifetime Value) for as many subscribers as possible to maximize revenue.

Subscription 195

Subscription Shopify Merchant Services Shipping Costs 195

Korona

SEPTEMBER 7, 2022

Check out the following blog to learn more about how to successfully manage a small business. Focus on your customers. Strengthen your brand image by fine-tuning your marketing strategy. Streamline the management of your business with the right technology. Lack of customer focus, on the other hand, can drive churn.

Small Business Retail 52

Small Business Retail Payment Services Management Payments 52

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. That's a concern as well.

Subscription 220

Subscription Shipping Costs Merchant Services Payment Services 220

Korona

FEBRUARY 9, 2023

Providing your customers with a great customer experience means hiring sales associates who are passionate and knowledgeable about the products you sell. This requires a significant commitment to the interview and hiring process. Train these associates to create exceptional shopping experiences with every customer.

Improvements 98

Improvements Payment Services POS Payments 98

GetElastic

OCTOBER 6, 2021

For many businesses, adding a third-party seller model to their Go-to-Market strategy was already a serious consideration, but it has become more top of mind due to the driving changes of COVID-19 on consumer buying behaviors. This has been great for offering new strategies for businesses looking to enter the marketplace ecosystem.

Payment Services 78

Payment Services Merchant Services eCommerce Shipping Costs 78

MagentoBrain

MARCH 20, 2023

This can result in significant cost savings, which can be passed on to customers in the form of lower prices or used to increase profits. Greater Flexibility: Allows small businesses to offer greater flexibility to customers. Are you looking to increase sales, expand your reach, or offer greater flexibility to customers?

Small Business Retail 52

Small Business Retail Payment Services Shipping Costs eCommerce 52

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.

Payment Services 36

Payment Services eCommerce Payments Shipping Costs 36

Algopix

JULY 13, 2023

A customer relationship management system, commonly referred to as CRM, is a software application that enables businesses to manage and analyze customer interactions and data throughout the customer lifecycle. Why is CRM Important for eCommerce Businesses?

Payment Services 78

Payment Services eCommerce Management Customer 78

FastSpring

JUNE 28, 2019

When companies look at strategies to scale their business there’s almost always a prevalent focus on customer acquisition. Businesses are always on the lookout for ways to expand their user base, attract new customers, and generate new leads. What is customer churn? How to reduce customer churn for SaaS.

Payment Services 67

Payment Services Payments Customer Retention Subscription 67

Ecommerce Platforms

JANUARY 13, 2022

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. And those benefits ring true for just about every subscription business: Subscriptions attract more customers. Exciting and surprising products sent to customers.

Subscription 104

Subscription Shopify Payment Services Merchant Services 104

FastSpring

APRIL 11, 2019

It’s clear that subscriptions are poised to disrupt the traditional business model, which explains why more businesses are switching to subscription services instead of one-time sales. Switching from a physical distribution system to a digital fulfillment process helps solve this issue by cutting down on unnecessary wait time.

Subscription 66

Subscription Payment Services Payments Shipping Costs 66

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

ESW

JUNE 26, 2018

This is a particularly important question for brands that are looking to take their business international, where murkier issues of culture and compliance affect businesses. one month), take your total revenue figure and divide that by the total number of orders you received. Customer Acquisition Cost.

Payment Services 96

Payment Services X-cart Shipping Costs eCommerce 96

iVend

MARCH 14, 2023

Mobile POS allows store associates to get alongside customers as they are making their buying decisions. It offers a wide range of customer-focussed services: for example: Locate items – the associate can use the mPOS to see which items the shopper has browsed, or reserved, online, and help them locate the item in the store.

POS 97

POS Point of Sale Mobile Payment Services 97

Korona

MARCH 7, 2023

POS gift cards can also help increase cash flow and grow your bottom line by providing an easy way for customers to make payments without worrying about carrying cash or checks around in their wallets. 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

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 your customer is obviously important any time of year, but it’s especially important during the holiday shopping season because customers behave differently. The bottom line?

eCommerce 78

eCommerce Payments Payment Services Mobile 78

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

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

FastSpring

MAY 14, 2019

You’d park your car, mosey on into the store, and then go through the process of scouring the shelves for the pristine cardboard box that housed a physical copy of your application. Any updates to the software meant that you’d repeat the entire buying process (including the trip to the store) all over again. And that was it.

Subscription 68

Subscription Payment Services Payments eCommerce Platforms 68

365 Retail

NOVEMBER 14, 2022

In order to maximise ROI and end the year on a high, eCommerce brands and retailers need to avoid common mistakes and leverage these key calendar dates to generate revenue and get 2023 off to a strong start. Using a sound PPC and SEO strategy to support enticing promotions is a surefire tactic to create a buzz around your brand early on.

Payment Services 57

Payment Services Shipping Costs Merchant Services Order Fulfillment 57

FastSpring

MAY 13, 2021

An ecommerce business without conversion rate optimization is like a car without wheels — it won’t take you anywhere. How are you qualifying leads and converting leads to customers? Do you have a solid process in place to reduce abandoned carts? Simplified checkout process. Add “Buy Now” Button to Homepage.

Payment Services 78

Payment Services Shopping Carts eCommerce Mobile 78

FastSpring

MAY 13, 2021

An ecommerce business without conversion rate optimization is like a car without wheels — it won’t take you anywhere. How are you qualifying leads and converting leads to customers? Do you have a solid process in place to reduce abandoned carts? Simplified checkout process. Add “Buy Now” Button to Homepage.

Payment Services 78

Payment Services Shopping Carts eCommerce Mobile 78

ChannelAdvisor

FEBRUARY 27, 2023

It’s the same with your e-commerce strategy. E-commerce KPIs are measurements that allow you to assess the success or failure of your digital strategy. Note that this KPI should not include things like tax or shipping — only the amount of revenue you receive from each order. Net profit Calculating net profit is basic business.

eCommerce 52

eCommerce X-cart Shipping Costs Payments 52

ChannelAdvisor

FEBRUARY 27, 2023

It’s the same with your e-commerce strategy. E-commerce KPIs are measurements that allow you to assess the success or failure of your digital strategy. Note that this KPI should not include things like tax or shipping — only the amount of revenue you receive from each order. Net profit Calculating net profit is basic business.

eCommerce 52

eCommerce X-cart Shipping Costs Payments 52

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

Lemonstand

APRIL 17, 2018

There has never been a better time to start a subscription box service. And as of March of 2016, there were more than 2,000 subscription box services in the U.S. For example, Banish generated $3 million annual recurring revenue by simply offering the option of subscription for their products. On top of that, it’s so convenient!

Subscription 78

Subscription Payment Services eCommerce Platforms Payments 78

FastSpring

DECEMBER 20, 2018

First, you need to be sure that you’ve priced your product fairly, and second, you want to offer the payment option that will appeal to the largest number of users. So, do you extend a pay-per-use (or PPU) option, or do you ask people to subscribe to your service on a monthly, quarterly, or yearly basis? It’s a tough call to make.

Subscription 63

Subscription Payment Services Payments Customer Retention 63

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. This ensures you’re not diminishing margins while offering an attractive enough discount to improve retention.

Customer Retention 62

Customer Retention Subscription Payment Services Customer 62

Lemonstand

APRIL 12, 2018

But that’s just the start: It’s now time to convince that customer to return again and again … and again. Customer retention. Indeed, online retail startups are so focused on growth and customer acquisition that customer retention becomes a bit of an afterthought. Just ask yourself what your customers need?

Customer Retention 62

Customer Retention Customer Payment Services Payments 62