Lack of capital/cash flow (23%) is the no. 1 non-Covid challenge currently faced by business owners, according to Guidant Financial, followed by recruiting (19%) and marketing (15%).
If you've got a niche product that solves an annoying pain-point, why not? An efficient marketplace is about finding an optimal price by which consumers will keep purchasing your solution. Test out different price ranges where you still see high customer retention.
Etsy Says eCommerce Will Decelerate | PYMNTS.com
Etsy , the global marketplace for handcrafted and creative goods, said in its first-quarter earnings results that the "incredible momentum" it experienced last year amid pandemic-related lockdowns continued into the first quarter, but the company warned that its triple-digit pace of growth would decelerate along with a broader projected slowdown in eCommerce.
For the three months ending March 31st, the Brooklyn-based operator of the world's fourth busiest marketplace said its gross merchandise sales (GMS) — excluding its Reverb musical instrument division — rose 144 percent to $2.9 billion last quarter as its roster of active buyers nearly doubled to more than 90 million customers.
BigCommerce and WineDirect Celebrate New Partnership to Support Ecommerce Growth for Thousands of
AUSTIN, Texas & AMERICAN CANYON, CA — BigCommerce , a leading Open SaaS ecommerce platform for fast-growing and established brands, has entered into a groundbreaking partnership with WineDirect , the leader in direct-to-consumer (DTC) services for wineries around the world.
"Together, BigCommerce and WineDirect provide the modern platform wineries need to take their ecommerce capabilities to the next level," said Russell Klein, chief commercial officer for BigCommerce. "As consumer buying behavior continues to evolve, particularly in the aftermath of COVID-19, wineries have the opportunity to significantly enhance their online sales.
Bloomberg - Are you a robot?
Wix Buys Rise.ai To Boost eCommerce Offering | PYMNTS.com
According to the release, Wix looks to extend its eCommerce platform to provide a full solution for merchants to manage customer re-engagement activities, which should boost customer spending and repurchases, including gift cards, loyalty programs, rewards and referrals.
"Customer retention has become the top priority for eCommerce brands worldwide, as acquisition costs continue to spike," said Rise.ai Founder and CEO Yair Miron in the release. "Since our founding, we have powered tens of thousands of leading brands with loyalty and re-engagement solutions to grow their businesses. We are now thrilled to join Wix and bring Rise.ai to hundreds of thousands of online stores around the globe and help them rise."
Largest Latin American eCommerce platform adds $7.8M Bitcoin to its treasury
Mercado Libre, the largest e-commerce platform in Latin America, has announced to the U.S. Securities and Exchange Commission ( SEC ) that it acquired $7.8 million in Bitcoin in the first quarter of 2021. It stated in the report :
The purchase makes the Argentinean company the first large Latin American company to acquire Bitcoin for its treasury and sees it join an exclusive club of companies such as MicroStrategy and Tesla, which have previously announced to the authorities the holding of BTC within their assets.
A big HVAC distributor grows Q1 ecommerce sales by 18%
WineDirect, BigCommerce Roll Out D2C Platform | PYMNTS.com
Coming off a year in which online alcohol sales doubled, the country's largest direct-to-consumer (D2C) wine merchant has teamed up with a leading eCommerce platform provider to enable scores of vintners an increased ability to sell and promote their products.
In announcing their new partnership , WineDirect and BigCommerce said their upcoming integration will bring modern, flexible eCommerce access to over 2,000 different wine brands around the world and take digital selling practices to the next level.
Canada Sees Warehouse Space Shortage | PYMNTS.com
A warehouse space shortage fueled by the rise in eCommerce is disrupting the economy in Toronto, Canada's largest city, and threatening to eat up all of the available storage space in the country, Bloomberg reported Wednesday (May 5)
As the pandemic drives a surge in online shopping in Canada, "Amazon.com Inc. has been gobbling up warehouses," the news outlet reported. The vacancy rate for warehouse space in the Toronto area has shrunk to just 0.5 percent, "making it the tightest market in North America, if not the world."
Bettaway Supply Chain Services Expands Custom Product Packaging, eCommerce Fulfillment Operations
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