How to Price Products Effectively to Managing FBA Fees
One of the best ways to maximize profit is by setting prices according to the best available data. Even a small 1% change in price can yield over a 10% increase in profitability. So how do you price products effectively? It comes down to a few key factors: calculating costs, identifying which customers you’re after […]
Top 3 ERP Myths That Need to be Debunked
eCommerce sales are blowing up, with sole proprietors, brands and wholesale distributors investing significant resources to build online storefronts. To give their business a competitive edge, many of them turn to Enterprise Resource Planning (ERP) solutions. However, there are many misconceptions about the reliability, effectiveness and security of ERP systems. In this blog post, we debunk some ERP myths and give you solid facts. What […]
Must-Read Books for CEOs & Entrepreneurs & eCommerce Experts
Often, a wealth of experience is crammed into the pages of good books for entrepreneurs and CEOs. If we look at the habits of successful people, you will see how much they find pleasure in reading books. Here we share some must-reads for success! When Warren Buffet started his career, he would read hundreds to thousands of pages per day. Even […]
Maximizing ROI from Trade Shows
Different business exhibitions or trade shows occur from time to time. As an online retailer, these are great opportunities for you to invest in. However, you need to learn how to maximize your return on investment (ROI) to ensure your efforts are well worth it. In fact, getting the most ROI should be your top […]
Top 5 Drop Shipping Benefits on Amazon
The traditional method of doing business in e-Commerce requires a lot of time and effort. You need to find a supplier for your products and then stock the items in your inventory. Once an order is placed, you then have to ship and deliver the items to the customers. This is where drop shipping comes […]
Brick-and-Mortar Giants Taking Over the eCommerce World
Just over a year ago, Amazon urged some of the biggest consumer package goods (CPG) companies to reconsider their direct to consumer strategies. These companies include Unilever, Procter & Gamble, General Mills, Mondelez, Reckitt Benckiser, Johnson & Johnson, Colgate-Palmolive, Nestle and L’Oréal, and a few more. eCommerce News: Amazon encourages CPG manufacturers to shift to […]
Understanding Your Amazon FBA Business Asset Value
Brittanica defines Asset Value as an integral component of a business’ total value. There are a few ways to calculate asset value. One is by computing what those assets are worth to their owners. According to this measurement principle, the economic value of an asset is the maximum price that the company would be willing […]
Boosting your Ecommerce Business Credibility
Credibility is a vital part of your new e-commerce business. Discover tips on how you can boost your business credibility for you to build the foundation of trust between you, your business, products and your customers. When you start a new online business, attaining credibility for your new e-commerce business venture is vital. You want […]