WooCommerce. Etsy. No doubt you’ve heard these names before. (And if you haven’t, and you work in ecommerce, you must have been living under a rock.)
Well, for the sake of those rock-dwellers, I’ll explain in short. WooCommerce is an ecommerce platform built around WordPress that blew up because of its fantastic ease-of-use and customizability options. Etsy is a major platform used to buy and sell products, typically artsy stuff like handicrafts, jewelry or clothing. Its selling point is that, unlike something like Amazon, the goods there are unique.
For those who are already acquainted with these two great platforms…
As an e-commerce business, you want everyone who visits your website to leave it with some goods purchased. Unfortunately, leaving without buying anything is far more common than going on a shopping spree around a visited site. That begs the question, what is the meaning of shopping cart abandonment and what are the top reasons for the visitors to abandon their shopping carts?
The term “shopping cart abandonment” refers to the situation when a potential customer initiates the buying process, but doesn’t go through with it. …
If you are thinking of getting into the e-commerce business, this might not be the first time you’re seeing the famous battle of WooCommerce vs Shopify. They are none other than the two main e-commerce platforms popular among beginners and experienced sellers alike. Shopify is arguably the most famous and reliable e-commerce platform with useful templates and round the clock support. WooCommerce is, among other things, free. As you can tell, this is going to be a tough battle!
Neither platform is good or bad; it all depends on how you use it. To help you find which one is…
Whether you’re just starting your dropshipping business or are a professional, one of the most important formulas you have to pay attention to is the profit margin formula. To put it simply, the profit margin measures your profitability. Naturally, a low profit margin indicates low profitability. If you want to find out what the average dropshipping profit margin is, then keep on reading!
Dropshipping has become a popular business venture in the last few years. Though this niche doesn’t require you to participate in the designing and manufacturing process, you still have to handle accounting. …
So, you are into the dropshipping business, right?
Dropshipping helps you save money — but are you doing it right?
As a dropshipper, you know that when a customer buys products from your listing, you buy the product at its wholesale price and keep the difference in the amount. That way, you get to earn a small margin — or maybe more. Depending on how you play it.
Amazon takes a small percentage of it, but you still get to profit from it. However, are you choosing the right products? Choosing high-demand, low competition products can help you sell better.
Dropshipping is a popular way to quickly launch an online store with no need to produce items or spend time on shipping them to customers. In recent years, the dropshipping model became even more desired for sellers because of Amazon and Shopify.
Thanks to such eCommerce marketplaces and platforms, sellers can start an online business for as little as $20. Sounds good? But, do you know how to start a dropshipping business?
Dropshipping may seem easy if you’ve never tried this model before. This model definitely brings a lot of opportunities to sellers (and some YouTubers promise big profits in…
What are the things to sell on Etsy in order to become a millionaire? 😎
Sounds too far-fetched?
Ok, let’s tone it down a notch. 😉
What are the things to sell on Etsy in order to make a good income and build a trustworthy, sustainable business?
That’s probably a bit better and more realistic (although striving to become a millionaire is definitely a much more noteworthy cause, isn’t it?).
Doing product and category research is obviously important for a great start. True, going through such homework will probably be quite boring but it’s going to make all the difference…
Multichannel selling is the process of selling your products in multiple places online. We do this to reach as many potential customers as possible. Usually, these online sales channels include:
Now, you may have read about the different benefits to multi-channel selling. Let us tell you there is more than that. Kind of like the first music lesson you had. It can seem like a simple form of selling, but there is a lot to learn about how it works.
Selling handmade has never been that opportunistic, and the eCommerce world offers diverse ways to sell artisan products online. Selling on marketplaces is usually the first choice of the ‘fresh sellers’. And, the challenge is to choose the right platform to start your online business. The most popular platforms for handmade items are Amazon handmade and Etsy, but selling on either of them have some very significant differences.
Before you start selling handmade items on marketplaces, you might need to compare Amazon handmade vs Etsy, as probably one of them doesn’t work well for you. …
You want to be selling your stuff online? Welcome to the club!
Online retail provides amazing opportunities to reach a huge crowd and carve out your niche. In fact, retail ecommerce worldwide reached 4.2 trillion dollars in 2020 and its share of global sales will go up to 21.8 percent by 2024.
So, what are you waiting for? The moment provides perfect opportunities to build your business and start making some (or even a lot of) cash.
Obviously, this optimistic picture is a bit over-simplified. To be a successful online retailer, you’ll have to make a couple of strategic decisions…