Why FinTech and eCommerce are the Perfect Match
Financial technology — or FinTech — is an industry that continues to evolve, helping consumers and businesses alike streamline their finances. In the last 10+ years, FinTech solutions have helped eCommerce businesses invest in growth, advance sales, manage business banking, and more.
To help you find the right FinTech solutions for your eCommerce business, we put together the following FinTech guide. It outlines what FinTech is, why it’s helpful, and how you can leverage it to take your online business to the next level.
(more…)Shopify Multiple Stores: How to Overcome Common Challenges
(This post was last published on May 17, 2019. We’ve updated it for accuracy and completeness.)
Shopify sellers shouldn’t feel limited to selling through one storefront. Instead, you can use multiple storefronts to diversify your brand.
However, managing multiple Shopify stores comes with its own set of challenges. To some merchants, the idea of managing two unique stores sounds overwhelming and difficult.
We don’t want you to feel that way! It shouldn’t keep you from expanding your business.
In this post, we’ll explain why you should sell on multiple stores, the challenges of doing so, and best practices to be successful.
(more…)How to Sell on Amazon for Beginners Using FBA: A Step by Step Guide
(This post was last published on April 17, 2018. We’ve updated it for accuracy and completeness.)
Amazon is the #1 marketplace in North America. In 2020 alone, Amazon accounted itself accounted for nearly a third of eCommerce in the US.
Most of Amazon’s success is because of their third-party sellers. In fact, around 50% of their sold items are from third-party businesses. And in 2018, nearly three-quarters of Amazon business had between just one and five employees.
The best part? It’s extremely easy to set up an account and sell your first item. I’ve even done it myself.
Follow my step-by-step the process to sell your first items through Amazon FBA.
(more…)B2B eCommerce Trends: What Trends B2B Sellers Need to Know About
(This post was last published on October 23rd, 2017. We’ve updated it for accuracy and completeness.)
B2B eCommerce is estimated to reach 20.9 trillion by 2027. Similar to B2C, eCommerce trends for B2B also increased over 2020 amid the COVID-19 pandemic. There’s been a higher demand for online products than ever before.
Here are the B2B ecommerce trends that are driving these numbers. You’ll want to take note of how these trends will affect your B2B business and the overall industry.
(more…)Why Your Retail Supply Chain Needs a Digital Transformation
Nearly 60% consumers are now willing to switch to a competitor with quicker and cheaper shipping.
Consumers are comparing their shipping options ahead of purchasing. They’re asking, “Can I find a better deal somewhere else?”
And it’s not enough to just win the sale at check out— you also have to deliver as promised. A negative shipping experience can have irreparable damage. 83% of consumers are less likely to re-purchase from a retailer after a negative delivery or shipping experience. And, about a third of consumers will leave a bad review or post on social media about it.
But, a lot of sellers still struggle to meet consumer delivery expectations. 95% of companies have experienced delays or bottlenecks in their order fulfillment operations in the last year [2019]. 45% faced issues with order picking and processing, while 37% struggled with inventory management.
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