A well-thought-out pricing strategy is based on a thoroughly conducted price analysis. Not only do price changes influence consumer behavior but also directly impact the bottom line. This is why it is crucial to have as much pricing data when making pricing decisions. In this article we...
The world of retail has undergone rapid transformation in the last decade or so, thanks to digitalization and the blooming e-commerce ecosystem. Today, efficient inventory management stands as a crucial pillar of success in the retail industry. Digital transformation has pushed retailers to seek innovative...
Repricing software is an automated tool for adjusting product or service prices of online sellers in real time. The repricing is based on repricing rules and strategies set by the users of repricing software. Repricing software functions by continuously monitoring the market and factors influencing market...
28.8 percent of all business is now conducted solely online in the US, and your online presence is arguably more important than ever. Online customer reviews have the ability to make or break a business. In fact, over 90 percent of potential customers read them...
A list of essential tools for every eCommerce business. See if you have all the bases covered for you online selling endeavor. ...
Image Source In the fast-paced world of eCommerce, transactions occur with lightning speed. The ever-changing expectations of customers underline the importance of regulatory compliance. ISO standards provide a framework to streamline operations, boost credibility, and propel success in the fiercely competitive eCommerce sphere. Whether...
Source Businesses lose more than $40 billion annually to online payment scams. In the digital world, security is very important. Companies and customers must trust and feel safe in today's connected environment. Personal information and deals must be protected. This issue must be addressed...
Dynamic pricing is a hot eCommerce topic that is taking the industry by storm and highly depends on variable factors such as demand, supply, customer behavior, and seasonality, all of which must be continuously monitored to stay on top of the market. Among numerous pricing strategies...
The retail sector has undergone a significant transformation in recent years. The increasing use of ecommerce has changed how consumers shop. Now, there’s a closer relationship between online and physical stores, with more businesses choosing to blend their digital and physical spaces. It’s known as...
Optimizing your ecommerce product page is more crucial than ever in 2024. With an average cart abandonment rate hovering around 60.7%, it's evident that every aspect of the customer journey needs to be scrutinized, from the landing product page to checkout. An effective product page does...