The Internet changed the way businesses operate. The emergence of eCommerce back in the 1990s has proved to be a tectonic change. This shifted shopping from offline to online and opened endless possibilities to companies. Inevitably, fierce eCommerce competition was created. And it's not just local,...
In today's fast-paced world, customers want their needs fulfilled as soon as possible. That's why most people these days use eCommerce websites for online shopping instead of physically going to stores. The conversion rate for an online business is the number of customers that complete a...
Access to much-needed working capital has been a recurring challenge for e-commerce businesses. Lenders view these alternative business models as riskier than their traditional brick-and-mortar counterparts. Indeed, e-commerce stores are subject to unique risks like service disruption involving their websites, security breaches, and changes in Google’s...
Technological advancements have never made retailers' lives easier before. It's never been easier to open an online store or sell through some of the well established marketplaces. However, in contrast to this simplicity, it brings along a complexity: great competition among retailers. So staying ahead...