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Why eCommerce Businesses Fail & How Can You Prepare for Them?

Running an eCommerce business is not an easy affair. ECommerce businesses have a failure rate of 80% to 97%, which tells us how slim your chances of survival are while running an online store. However, as it is with any type of business, with proper knowledge you can certainly increase your chances of survival. There are several reasons why eCommerce businesses fail, and in this article, we’re going to talk about the top 14 of them so you can avoid falling prey to them. Let’s get started: 1. Non-existing or hyper-competitive market A key reason why any eCommerce business fails … Continue Reading…

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All You Need to Know For a Successful Business Startup

Let’s speak for real here. Starting a business isn’t easy. The ways in which you could start a business are changing. There is no doubt that entrepreneurship is our future. We have been barking about this for forever now. Because traditional jobs are clearly not cutting it. We know how big of a problem this is as we are seeing it happen right in front of us. But yet the majority of people keep doing the same thing again and again. While we see regular people living their dreams, getting paid to travel the world all because they did something … Continue Reading…

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5 Effortless Strategies to Raise Your Instagram eCommerce Store

The social media giant Instagram has been growing its space for long and now it has become a great traffic source for eCommerce business. According to stats, around 80% of the sales engagement comes from Instagram. And more than 200 million Instagram users like to engage with their preferred brands. Indeed, it’s great news for business owners who want to grow their eCommerce business using Instagram. From a small store to large conglomerates, nowadays, most of the business owners are using Instagram to promote their products and services. So that they can earn more revenue for their business. Do you also … Continue Reading…

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5 Apps Like Craigslist You Can Use to Buy and Sell Products

Online marketplaces have hit the eCommerce industry and hard. There was a time when used goods, no matter how well in appearance and condition had to be abandoned or thrown off. But no more. With the onset of something that we call as a multi-vendor e-commerce platform, buyers and sellers can easily connect with each other, negotiate on selling terms and end up making a purchase. Yes, such a marketplace exists and not one or two but many. If you aren’t sure as to what do we mean by the term marketplaces, it is in simple words a platform engineered … Continue Reading…

On-Time Order Delivery in eCommerce Business

The Significance of On-Time Delivery of Orders in eCommerce Business

On-time order delivery is crucial for any business. If you deliver quality services on time, client satisfaction is guaranteed. However, ensuring customer satisfaction in an Ecommerce business can be a challenge. It is a unique challenge because you may not have direct client interaction throughout. You will agree that the delivery of quality products and services is a sensitive aspect of your business. As such, you need to employ the right strategies to meet and surpass your client’s expectations. This translates to an increased ROI. Here’s more on the significance of on-time delivery in E-commerce. Efficient Cash Flow On-time delivery … Continue Reading…

FinTech-Trends

Top 9 FinTech Trends Creating Ripples in the Financial Space

Two decades back, many financial institutions created E-commerce business units to disrupt the market. Later, the “E” went away and became a new norm with large technology evolution and investment. The digital agenda is extended from operational efficiency and customer experience to big data and analytics. The financial services share the resemblance with unprecedented growth that technology investment brought to the retail sector. The digital wave is revolutionizing retail banking, payment, insurance, financial literacy, and wealth management. The booming financial technology (i.e. FinTech) market is expected to continuously enjoy the unabated growth at 74.16% CAGR from 2019 through 2025. It’s a … Continue Reading…

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5 Tips for Starting a Thriving WordPress eCommerce Site from Scratch

Everyone knows that WordPress makes it very easy and simple to create a new site. This is why it’s an extremely popular option for many individuals and businesses. There are more than a billion sites out there. The ease of creating content and launching the site on WordPress, without any technical or design background needed. So, it’s no doubt that WordPress is the way to go. Unfortunately, making sure that the site is successful takes more effort than simply creating it. WordPress is now popular in the eCommerce industry due to the expansion of its capabilities into those markets and … Continue Reading…

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Ways You Can Use Chatbots to Become Irresistible to Customers

If you’ve been online at any point over the past two years, you’ve undoubtedly come across a chatbot or two (maybe without even realizing it). While talking to robots used to be a pretty surreal experience, advances in Natural Language Programming (NLP) now lead to interactions with chatbots that can feel as instinctive as human conversation, and sometimes a lot less fractious. Chatbots are becoming more and more of a fixture on customer service teams; their ability to swiftly respond to routine queries makes them great to have around. But reducing chatbots to customer service is doing them, and your … Continue Reading…

9 Ways eCommerce Businesses Can Address the Privacy Concerns of Customers

The emergence of eCommerce websites has been no less than an industrial revolution. It has not only transformed the way consumers shop but has also opened up a world of possibilities for the businesses which couldn’t expand due to limited reach. If you are running an eCommerce business yourself, you already know about this side of the coin. But what about the other side? Like any other business model, eCommerce also has its own set of drawbacks. And while most of them are outweighed by the convenience it offers, the privacy concerns are something that puts these eCommerce businesses in … Continue Reading…