With the global economy continuing to expand, pricing localization has become an important strategy in competition and growth for international ecommerce companies. In this blog post, we’ll discuss why you should consider adopting a localized pricing approach when expanding into new markets, what factors you need to take into consideration when determining pricing strategies, and...
Unleash the potential of Social Commerce – all you need to know about this e-commerce growing trend 2023
Category: E-commerce
Online stores have many possibilities when it comes to selling their products – their own channels, marketplaces, mobile apps, and social commerce. In this post, we want to focus on this last channel. What is social commerce about, and how can you maximize its potential in your e-commerce business?In general, social commerce is based on...
How to choose the best e-commerce platform for your business?
Category: E-commerce management
If you’re running an e-commerce business, there is sometimes a need to change your e-commerce platform, primarily when the old solution is not sufficient concerning your store’s size or popularity. Every aspiring e-commerce entrepreneur has to make the same decision. And we can say with confidence this is one of the most important decisions for...
What is Offline Price Monitoring, and What Can It Do for an E-commerce Store?
Category: Pricing strategies
If you’re an e-commerce store owner or a manufacturer, chances are you have heard of offline price monitoring. But do you actually know what it is and how it can help your business? Understanding the basics of offline pricing and its impact on businesses can be a game changer for retailers who need to stay...
Is Google Shopping the best price comparison website? – Find Google Shopping alternatives for your Internet shop
Google Shopping is probably the world’s most popular product search and comparison tool. According to Google’s official data, people use their comparison service more than a billion times a day. That’s surely an impressive number, but what about other similar websites out there? Let’s have a look! It might seem that Google Shopping dominates this...
Dynamic Pricing – Repricing for Shopify: How to Set & Optimize Your Prices for Maximum Profit
Category: Pricing strategies
Shopify is one of the most popular e-commerce platforms out there, with a market share of slightly over 10%. If you operate in North America or even in Europe, there is a chance your store runs on this platform. In this post, we want to show you how you can use dynamic pricing (repricing) when...
The 5 Most Common Conversion Rate Killing Mistakes & How to Solve (at least one of) Them
Category: E-commerce management
One of the key factors that affect a business’s success is the conversion rate. You can have a brilliant landing page and a perfectly working online store, but people may come and go without making any purchases or signing up for your newsletters. The more people visit your website without taking any action, the lower...
Discover the Best Offline Price Monitoring Tools
Category: E-commerce management
Whether you run an online store or a brick-and-mortar business, you usually compete with all retail businesses – both online and offline. That said, if you want to be successful in this competition, you need to have access to pricing information coming from both online and offline channels. That’s what offline price monitoring is all...
Inventory turnover rate and goods rotation: fast-moving and slow-moving items – Why are some of your products not selling?
Category: E-commerce management
Are you scratching your head, wondering why some of your products are not selling? If so, you may want to look into how quickly goods move from the warehouse and forecourt shelves in inventory turnover. The faster goods move off shelves, the higher the profits can be, while slow-moving items can have a significantly detrimental...
Should your offer always be the cheapest? The pros and cons of a low-price strategy in e-commerce
Category: Pricing strategies
The e-commerce landscape is becoming increasingly saturated, and competition amongst online retailers is intensifying. Companies are looking for novel ways to stand out from the crowd, differentiate their brand, and attract customers. One of the key approaches many have embarked on is reducing prices across their product ranges in order to increase sales by appealing...
