During a global pandemic with storefronts shut down and consumers sheltering at home, it has become more clear than ever how crucial the ecommerce economy is to societies across the world. Although anxiety is high among investors and many small businesses are experiencing unprecedented challenges, there is also massive opportunity for entrepreneurs and brands looking to start new online businesses.
Industries that rely on a mobile consumer population like cameras, luggage, automotive supplies, and party décor are seeing sharply decreased sales with consumer behavior shifting due to more time spent at home. However, industries like portable fitness equipment, home office furniture and supplies, artisan baking kits, and at-home hair treatments are seeing a massive surge in demand.
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Do Offline Retailers Regret Forgoing eCommerce? | PYMNTS.com
It seems like a year ago, but it was actually only March 8 when discount retailer Burlington announced that it was abandoning its admittedly watered-down eCommerce offering. At the time, several analysts and publications (this one included) split their judgment on the move. On one hand, the best way to get people in stores and avoid the fate of other brick-and-mortar retailers was to make online sales the only option.
Now those decisions – along with the lack of eCommerce commitment from other discounters like Ross Stores and TJ Maxx – are under a harsh new light. Furloughs from all three companies have been issued to their workforces. And because apparel is not considered essential retail, in-store revenue has dried up as the COVID-19 crisis has expanded. In hindsight, it's an interesting thought exercise to see whether those decisions should be reconsidered and what will happen when these stores
Kount Unveils eCommerce and Fraud Trend Tracker for Spring 2020 | Business | oleantimesherald.com
Kount built the tracker to help digital businesses navigate these times and adjust their approach to better address current customer needs. The data comes from the Identity Trust Global Network, which is comprised of 32 billion interactions annually across 6,500 customers worldwide.
Findings show industries including home office supplies, electronics, crafts, and gaming have seen increases in digital transaction volumes as consumers are challenged with the tasks of working, taking care of their children, and recreation, all from the confines of their homes. The data also shows a change in how eCommerce is delivered, as consumers have a sense of urgency in receiving items. Kount observed a 183% growth in mid-March for expedited shipping requests.
Credit Card Processing, Part 3: Reducing the Cost | Practical Ecommerce
Credit cards are the principal method of payment for ecommerce customers. But for merchants, the backend infrastructure of processing and collecting the funds is often bewildering.
This is the third and final post in which I answer frequent payment-processing questions. The first installment, “ Part 1: Learning the Jargon ,” contained an extensive glossary of industry terms as well as explanations of fixed versus percentage fees. I’ve capitalized those defined terms when used below.
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Data Age eCommerce Clients Top $40 Million in Online Sales | Benzinga
Data Age Business Systems, developer of the industry's leading pawn management software PawnMaster, is excited to announce yet another e-commerce milestone. Through the integrated e-commerce tool e4o, PawnMaster users have achieved over 40 million dollars in revenue from items sold online. PawnMaster's e4o product allows users to list inventory items out for sale on multiple online channels, while still offering those items for sale in store.
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The direct integration of e4o with PawnMaster eliminates the complication of double sales. If an item is sold in-store, PawnMaster will pull it from the shop's inventory and remove all other listings. If an item sells online, the same event occurs, and that item will be pulled from any other channel as well as in-store inventory. The integration also provides a reporting platform with PawnMaster, giving business owners the information they need to operate a successful shop.
Build Your Ecommerce Stores and Delivery Apps on Builder.ai in just 8 weeks! - Express Computer
"Businesses need to adapt to survive. Customers now expect to communicate with businesses via digital channels – whether it's through an app or a website. However, while businesses recognize this, a lack of skills, coding or technical knowledge has traditionally been a barrier," said Sachin Dev Duggal, co-founder and CEO of Builder.ai. "At Builder.ai, we make it as easy and as affordable as possible for businesses to amplify their digital presence."
Launching an ecommerce business could be your next big move. Here is some helpful advice.
TLDR: This 11-course bundle of practical WordPress and WooCommerce knowledge can prime any new digital business for success.
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Through the years, you've likely wanted this crazy planet to occasionally just slow down for a minute. Well…we've slowed. And while you've got this momentary pause to consider and reflect, maybe it could soon be time to launch the new online business you've been mulling over.
When you're ready to get started, the training available in The Build Your Own Business with WordPress and WooCommerce Bundle, now $39.99 from TNW Deals, might just help make the difference between that business' success or failure.
eCommerce Numbers Spike Across Categories | PYMNTS.com
As March sales and earnings reports start to show up this week, new data indicate that eCommerce sales for essential and nonessential retail will show a dramatic spike. The increase is logical, given the shelter-in-place orders aligned with COVID-19 . But recent concerns about supply chains and consumer spending appear to be non-factors in recent growth.
New data released this morning by ACI Worldwide show that most retail categories have seen a 74 percent rise in March compared to 2019 for eCommerce. The most dramatic category has been online gaming, which spiked 97 percent. Other notables: home furnishings, up 97 percent; DIY products, which rose 136 percent; garden, up 163 percent; and electronics, which rose 26.6 percent.
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7 Ways To Launch Your First #Ecommerce Business Feat: @herrmanndigital @AaronOrendorff @babakazad… https://t.co/52vmm9lgVZ GoldieChan (from Los Angeles / Grounded 🦋) Thu Apr 09 17:54:12 +0000 2020
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