If there’s one business model that has witnessed significant growth in recent times, it is eCommerce. Ecommerce has become a major part of the retail framework, accounting for as high as 4.2 trillion dollars in e-retail sales in 2020. In this article, we’ll be exploring what eCommerce is all about, from the benefits of eCommerce …
Best Marketing Strategies for 2022 2021 was a defining year for many businesses, especially in light of the pandemic. One thing is for sure, more businesses’ have now seen the need to be more strategic about their marketing. After all, marketing is a core aspect of any business. As the year draws to a close, …
Launching a new product takes a lot of time, effort, and coordination of departments within the company. While there is a lot to think about at this exciting time, don’t overlook the importance of your product name. A good name contributes to the overall success of your product and establishes brand name recognition. Choose a …
The disruption of life around the world caused by the Covid-19 virus was something none of us saw coming. Unprecedented events, like the economic shutdown and stay-at-home mandate, have changed the norms of how business is conducted, including a huge increase in the proportion of online commerce. The Covid-19 economy caused a shift among professional …
How smart businesses grew in 2020 despite COVID-19 Read More »
COVID continues to impact the economy across various industries. One thing is for sure, your online presence – whether improving what you already have or creating it from scratch – is among the most important steps that you will need to take. People are your most important resource, particularly when you are operating an e-commerce company or …
Making tough workforce choices for COVID’s long-term impacts Read More »
As difficult as it is to imagine now, the crisis will end and each of us will move forward to a post-pandemic life. Whether it happens sometime in 2021 or perhaps early 2022, we will reach a point in the United States where the Coronavirus no longer impacts every aspect of your business. While there …
Many new businesses start as one-person operations. As the owner/proprietor, you have complete control over all aspects of the company, while minimizing initial cost outlays. If your goal is to continue to expand the size and scope of the company, a time will come when you need help. Hiring your first employee is exciting because …
Living in the digital age means that we have a wealth of information at our fingertips. You can go online to find everything from how to make the perfect roast to how to file your taxes. While consulting the internet can be helpful in many areas, there are those in which you really need to …
Many small businesses place the vast majority of their focus on customer acquisition, the process of obtaining new customers for your product or service. It is important to keep in mind what many large companies have come to know all too well. It is much cheaper to retain a customer than to acquire a new …
Of all the marketing metrics you have at your disposal, customer lifetime value or CLTV, is one of the most useful. CLTV refers to the amount of money an individual will bring to your brand during their lifetime as a paying customer. Rather than offering a generalized idea of customer’s shopping and purchasing habits, calculating …
How to calculate customer lifetime value for your business Read More »
