aim of this section is to focus on costs related to Ecommerce. Cost structures are a very important part of a business. They are key to crafting the best pricing strategy, effective financial planning, and ultimately maximizing growth and profits. So, let’s get started and look at each category.
As a result, consumers returned products worth $428 billion in 2020, with an estimated average return rate of 15% to 20%.
While returning items can be a hassle for customers, it is also expensive and time-consuming for companies. Let’s see the main reasons customers return items, the consequences for businesses, and what can be done to reduce item return rates.
ost people don’t know that B2B Ecommerce is much larger than the B2C Ecommerce market. In fact, the B2B Ecommerce market is valued at close to $15 Trillions, five times the B2C market. Forrester also estimates that online sales will grow to 17% of all B2B sales in the U.S. by 2023, from 9% before the pandemic.
Let’s see why B2B Ecommerce is growing so fast and what companies need to do to be successful in B2B Ecommerce.
The article below is an extract from my book Ecommerce 101. As the title implies, this is a book for people with […]
You probably know that commodities are products like steel, sand, or oil. But if you think about it, many products sold to online consumers are close to being commodities. And being a commodity seller isn’t where you want to be as an ecommerce entrepreneur. Let’s see why.
As an entrepreneur, you’ll find many people recommending that every online business should have its own app. So, should you jump on the bandwagon, or would creating a mobile app be nothing more than a huge waste of time and money?
If you’re anything like me, you get way too excited when you receive a notification telling you something you ordered was delivered. […]
If you shop online, I’m sure you’ve been there: you find an item you really like at a decent price, you add […]
I recently purchased a Fitbit watch, and I fell in love with it. I now spend more time tracking my heart rate […]
At the beginning of 2022, we all realized how crazy inflation is. It hit me hard when I saw the price of […]
