Whats is Amazon Effect? Amazon Effect is a term used to describe the disruption that online retail has brought to the traditional brick & mortar retail model. Although the term refers to the general impact of ecommerce, including all players, it is associated with Amazon because it is the biggest player, and the first to …
What is Online Retail? Online retail is the selling of merchandise in small quantities to the general public over the internet. It is part of the Retail Trade sector and is classified by the North American Industry Classification System (NAICS) under nonstore retailers. The NAICS code for online retail is 454110 Online Retail Vs. Ecommerce …
What is Social Commerce? Social commerce is a feature that enables merchants to showcase and sell their products directly through social media channels. How it Works? Merchants are able to create or connect their product catalogues to their social media business profile, and insert those products in different social media posts or sponsored ads, by …
Ecommerce KPIs are measurable indicators, that are used to track the performance of an online store in key areas of the business. In this article, we will list the most important ecommerce KPIs to track for an online retail business, and how to measure and manage them. You can also check out and download our …
Ecommerce KPIs: The Most Important Ones to Track Read More »
What is Bounce Rate? Bounce rate measures the percentage of visitors that arrive at a website and leave without clicking to any other pages. Since ecommerce websites are transactional in nature, with the primary goal to convert visitors from browsers to shoppers by completing a transaction, bounce rate becomes an important metric for online stores. …
What is Online Merchandising? Online merchandising is a function in ecommerce that ensures all the products available for sale are merchandised on the online store in a way that maximizes their visibility and sales. What Are The 5 R’s of Merchandising? The 5 R’s of merchandising are the right products, at the right place, on …
Online Merchandising: Definition, Tasks & Needed Skills Read More »
When I first started in ecommerce I fell into a lot of mistakes, some of them I only realized when I became a professional retailer. Knowing these mistakes at the time could have dramatically improved my ecommerce business performance and my net profits from it. These days when I watch creators and influencers launch their …
If you are selling on Amazon and using FBA for fulfillment of your orders, you might have thought of ways to reduce the different Amazon FBA storage fees, because they are putting a lot of pressure on your final P&L. Types of Amazon FBA Storage Fees Amazon charges sellers different kinds of fees. Some of …
What is Retail Arbitrage? Retail arbitrage is buying an item below its market value from one seller and selling it at a higher price to another buyer who is willing to pay more for it. The Steps of Online Retail Arbitrage The concept of arbitrage itself is not restricted to retail. It is present in …
Making money online and being the boss of your ecommerce business is the dream life for many of us. In 2008 I kept searching the internet for how to achieve just that, and was overwhelmed by all the different things I had to learn to start an ecommerce business and actually make it work. Today, …
With the growing trend of starting Shopify businesses, there is also a big market for Shopify businesses available for sale on the secondary market. These e-commerce businesses come in different categories, locations, business models, and of course at different price levels. Shopify itself has created an exchange platform for these businesses, which we believe is …
Analyzing a Shopify Business for Sale: What to Look For? Read More »
Moving From Brick & Mortar to Online Step-By-Step If you are a brick & mortar retailer, you might have considered moving part or all of your brick and mortar business online. You are not alone in thinking like that! We have all seen how it could have been a good opportunity or a lifeline for …
Moving From Brick And Mortar To Online (Step-by-Step) Read More »
A detailed comparison between running a brick & mortar retail business vs. an online store