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Do you ever feel like you’re throwing your money into black holes and you hope it will bring leads and sales to your online store? I wish I have a complicated godlike explanation for this, but it is too simple. When you do not base your decisions and investment on well-studied metrics that is how …
That’s not a surprise for eCommerce retailers to face with some difficulties while identifying and forecasting some of their KPI’s. Also, they might be unaware of how to boost their productivity, increase their revenue and save their time by eliminating daily works done manually.
eCommerce is a very popular business model today, and there are a lot of small businesses that are looking to mimic the success of giants such as eBay, Alibaba, and Amazon. However, smaller ecommerce businesses don’t have the resources like these big names to pursue growth and advance to the next level.
E-Commerce and online shopping are always changing and evolving upon the needs of online customers. That’s why e-commerce retailers are always chasing for new strategies and tactics to be one step further from their competitors.
Competitive eCommerce pricing is much more than undercutting competitor prices and price-matching. If you know how to use competitive intelligence technology, and approach your competitors in an analytical and structured way, you have a high chance to outperform them.
For online retailers it’s no surprise that pricing matters. There are also some striking findings from e-commerce markets worldwide, which strongly proves this fact.