Finance 101 Archives - Understanding eCommerce

23Apr 2018 by eCommerce FAQs No Comments

AI to Reset Commerce Marketing in Interesting Ways

The rise of AI can be practically seen in almost every area of the business. Gone are the days when there was a separate division of the customer relationship management with manual assistance provided to those in need. Now, they are replaced with the chatbots and virtual assistants that have the capability to handle enough data. All the incoming data is consumed with the inbuilt AI process and you can have all the necessary details about- The most likely people who are going to buy from you What kind of the offerings they consider good to pick The ways you can adapt to create better engagement and in turn, more conversion [attention-lead-magnet] We sweat the details, so you don't have to - WORRY-FREE WORDPRESS MAINTENANCE PLANS [/attention-lead-magnet] The conclusion is,…

19Apr 2018 by eCommerce FAQs No Comments

4 Strategies for Managing Employees in Fast-Growing Companies

Finance 101

The initial lack of growth might seem like nothing to worry about. It’s considered natural – your startup needs some time to get on its feet and stabilize. However, the fact that 30 percent of new companies fail in the first two years might sound alarming and may motivate entrepreneurs to try harder and pick up some speed, even if their business is at the very beginning. On the other hand, growing too fast comes with problems of its own as well. Handling the desired, yet unexpected, growth in a wrong way can cause problems in a number of areas of your business. One of the most troublesome ones is the issue of managing your growing and sometimes overworked employee base. And doing this right may be crucial in order…

08Feb 2018 by eCommerce FAQs No Comments

GST Return Filing Tool Benefits

Finance 101

Does the new taxation system make you feel like ripping your arm off to throw at those who ask you to implement GST? Well, this could be one of the gesture that most of you might be wanting to show but couldn’t. But this is not the solution. We are a part of a democratic nation, equally responsible for the falls and rises of its development and growth. You should not bite the hand that feeds you. So the smart move would be to figure out a way to comprehend Goods and Services Tax completely in your systems. Since the GST has become a compulsory element of the nation managing the financial repo of the nation by preventing the tax evasion, the need to make the new taxation regime simpler…

07Feb 2018 by eCommerce FAQs No Comments

Pricing Strategies to Increase Sales

eCommerce, Finance 101

Adopting appropriate pricing strategies for the product is a fundamental requirement to have a successful business. After all, although several factors can affect your company's revenue, one of the most important is the profit margin. But when you set prices, you should not only consider competitive bidding, your target audience, and production and distribution costs. Strategies that are based on the behavioral sciences are extremely effective and can serve as inspiration when defining the value of selling the products of your e-commerce. A good example of this is mental triggers. Know below powerful tactics that you can implement in your virtual store: Psychological Price Finishing your price with 9, 99 or 95 is a tactic called charm price, also known as psychological price. So instead of selling an item for…

20Jan 2018 by eCommerce FAQs No Comments

Leading Your Customers Through the Sales Funnel

Finance 101

Try These Strategies in 2018 to Lead Your Customers Through the Sales Funnel A new year presents an opportunity for businesses to evaluate their conversion strategies. Ideally, a business should guide customers seamlessly through the sales funnel, starting with an awareness and interest phase and eventually result in a purchase and potential repurchase phase. Try these strategies to help increase conversion rates for your business. Provide Detailed Product Descriptions Detailed product descriptions can help guide customers through the sales funnel, particularly in the early phases. The interest phase, where consumers demonstrate curiosity by conducting proper research, is an ideal time to engage visitors and keep them on your site. Providing detailed product descriptions and listing the product's uses — in addition to any relevant sizing charts, materials and dimensions —…

14Dec 2017 by eCommerce FAQs 1 Comment

eCommerce is Redefining the Finance Industry

eCommerce, Finance 101

How is E-commerce Redefining the Finance Industry? Here's What You Should Know! E-commerce is now controlling the online market, and it is increasing day by day. It is one of the biggest drivers of the financial industry as well as helps small businesses to survive in the online market. With the aid of e-commerce website, you can attract a targeted audience for your goods from any part of the world with success. E-commerce and finance When it comes to the Internet, you will find that buying as well as selling is an integral part of the e-commerce trade. However, this is just one segment of the story. The Internet allows all businesses to conduct transactions online and this also includes the transfer of information, banking, emails as well as the buying…

03Jul 2017 by eCommerce FAQs No Comments

The Future Of IoT And Big Data

Finance 101

The Internet of Things (IoT) is considered one of the technological innovations which will shape our future. We have seen an explosion of IoT advancements in the past years, everything from managing the temperature in our homes with smart thermostats to tracking your caloric intake and daily steps with fitness trackers. Devices are all around us, and IoT and big data promise to connect these devices to improve your lives. By connecting our devices, we will be able to leverage shared data across various connections. With all of our devices sharing data point, we will be able to make our data more useful across all aspects of our lives. Here are the top three ways that IoT will impact the future of marketing for your business! 1. Create Dynamic User…

03Jul 2017 by eCommerce FAQs No Comments

Impact of Package Theft

Finance 101

The impact of package theft goes well beyond the holiday season As consumers shift to do more of their shopping online, a rise in package theft is associated with this rise. A 2015 report estimated that nearly 23 million Americans had packages stolen from their doorsteps. This goes well beyond just the holiday shopping season. Shorr Packaging surveyed 1,000 Americans to understand who’s being affected by package theft. They wanted to see what steps Americans are taking to avoid their online shipments from being taken from their doorsteps. Here’s what they found: 31% of respondents stated they had personally experienced package theft. 92% of people prefer sending packages to their home over their office (5%) or a neighbor’s house (1%). 41% of respondents stated they have avoided purchasing certain items…

27Feb 2017 by eCommerce FAQs No Comments

How to Build a Website

Finance 101

Step-by-Step Guide for Beginners Whether you are looking to create your own websites or for somebody else, you can accomplish that very easy these days. Web sites have been simplified and there are a lot of services and platforms out there that can help you create professionally looking sites. This 10 step process outlined below depicts everything you need to know to make your own successful and highly profitable website. In fact, there are millions of books and resources about website building, internet marketing, SEO, and so on. You can waste a lot of your precious time and money studying them before you get anything done. Even if you are a complete novice and have never touched internet marketing so far, I can assure you that you will know everything…

15Feb 2017 by eCommerce FAQs No Comments

3 Ways to Achieve Financial Stability

Finance 101

3 Ways to Get The Financial Health You Want (Without a Boring Day Job) Past generations have always followed a similar curve where they went to school or straight into the workforce, started a family, and retired at a ripe old age. For the majority of their lives, they worked in boring day jobs that usually involved cubicles and reports. Our generation has been freed from these shackles. We live in a day and age where you don’t have to settle for a boring day job. You can be who you want to be and work in all kinds of different fields, or from home. The opportunities are endless. Join us as we look at three ways you can achieve financial health, without taking that day job offer. Financial health…