(This is a guest post from our friends over at Payability, a finance company that helps marketplace sellers take control of their cash flow issues and finally grow their businesses.)
For many small business owners — and especially eCommerce sellers — access to capital is a major growth hurdle. To effectively grow your eCommerce business, you need to invest, be it in a marketing campaign, new employees, or bulk inventory, for example. While it might work for some eCommerce businesses, going to a bank for financing isn’t always the best option (after all, the process is cumbersome, lengthy, and often a wasted effort due to low approval rates for online businesses).
But you likely already knew this. What you might not know is that there are financing options designed to work with your business, so you can get the cash you need — when you need it. In this guide, we break down popular options like Shopify Capital, Payability’s Instant Advance for Shopify, and more.(more…)
As we all face uncertainty, we’re sharing some of the best resources we’ve seen so far this week to help retailers and small businesses navigate these challenging times. Read the articles below!(more…)
(This is a guest post from our friends over at JetRails, a fully-managed white-glove eCommerce hosting service.)
In February 2020, BuiltWith.com detected well over 60,000 live websites powered by Magento 1.9. It’s apparent that many merchants will continue to operate their Magento 1 stores rather than replatform before this popular eCommerce software reaches its official end of life in June of 2020.
What happens when Magento 1 reaches its end of life? There will be no dramatic change, the store will continue to work. Simply stated, Magento will stop releasing security patches for Magento 1 users. However, there will be some ripple effects that users will experience. For instance, it may become harder to be certified as PCI Compliant since the platform will technically be unsupported by its publisher. There may also be third-party vendors, like payment gateways, that stop supporting the platform.
If you’re still leveraging Magento 1 and don’t expect to migrate to Magento 2 or another platform before security patches stop rolling out, there are things you can do to help protect your website and your business. Here’s a quick checklist to get you started down the right path:(more…)
(This post was last published on May 10, 2017. It has been updated for accuracy and completeness.)
As an online merchant, your band must stand out as you face tough, fast-moving competition. To stay ahead, your business must use the right technology to power optimal customer experiences. This probably lead you to choose leading eCommerce platform Shopify/Shopify Plus in the first place. While your business is built around this platform, it’s not the only platform that can help you grow.
What about your back office operations? How do you ensure you remain efficient as possible as order volumes increase and your fulfillment processes mature? At this point, you should consider using a robust backend system like an ERP alongside your eCommerce platform. This guide walks you through what an ERP system is and how to choose the best Shopify-ERP solution for your business.(more…)
This week we’re reading a variety of articles that include why communication types matter to customers, how to win at DTC, and how to overcome the challenges of frictionless checkout in stores. Read the articles below!(more…)