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...
Category: E-commerce management
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...
Top 5 Internet Store Automation Tools
Category: E-commerce management
E-commerce businesses are facing increasingly complex and competitive markets, making it essential to have the right tools in place to optimize operations and stay ahead of the competition. Automation is a powerful way to streamline processes, reduce costs, and increase efficiency, freeing up time and resources to focus on growth and customer satisfaction. In this...
Price Monitoring Software for the US market
Category: E-commerce management
Price monitoring tools are invaluable to any pricing strategy. By tracking pricing data, businesses can identify pricing trends, and adjust their pricing accordingly to maximize revenue. Market numbers show that using price monitoring tools can result in an average increase of 11% in pricing optimization and a reduction of up to 22% in market pricing....
The Best Dropshipping Platforms to use in 2023
Category: E-commerce management
Online sales are becoming increasingly popular every year and take on more and more new forms. Therefore, people interested in running an e-commerce business can choose from various solutions. Dropshipping platforms are worth a try if you want to quickly launch your own online store (without significant investments) and ensure its easy operation. In this...
The ultimate guide to Competitive Pricing – definition, advantages, and disadvantages
Category: E-commerce management
Product pricing is one of the toughest and at the same time one of the most crucial aspects of business operations – both to brands and e-stores. Price optimization and smart price management are the factors that actually make a great difference in terms of profit and revenues generated by companies. We can reach out for various pricing...
Analysis and optimization of the assortment – strategies, tools [complete guide]
Category: Distribution, E-commerce management
There are many elements that determine your store’s success. One of them is your assortment. Depending on what you have in your offer, you attract a specific target audience and get particular results. In this article, we will show you how to optimize your assortment so that it helps you achieve your business goals and...
Retail Pricing Guide – strategies, tools, definition
Category: E-commerce management
What is retail pricing? As a retailer perhaps you came across the term “retail pricing”. But what does retail pricing mean? Simply put, it’s the final price the buyer needs to pay for a product for his own use and without the intention of reselling it for profit. The retail price is a combination of...
Use 8 Best E-commerce Platforms
Category: E-commerce management
In the recent past, the popularity of online shopping has increased significantly compared to previous years. No wonder with this intensified interest i n online purchases, the number of e-sellers also multiplied. However, beginning e-commerce retailers may also find it difficult to choose the best platform that will meet their needs. Among such fierce competition...