42% of the U.S. labor force is now working from home.
If you are selling online, I am sure this question has crossed your mind. Amazon can be a great channel to quickly expand your business, but it comes at a cost.
There is no on-size-fits-all answer to this question. The situation for every brand is different and the percentage of sales that should come from its own eCommerce site will also differ. Here, I cover how Direct-to-Customer (DTC) brands should think about this question vs. established brands.
So, you’ve decided to sell t-shirts online.
You did the research and every source suggests it’s the way to go. Four in five Americans make an online purchase every month, and what’s the piece of clothing almost everyone has in their closet? That’s right: a t-shirt.
Selling a product that everyone needs is a lucrative idea. To make sure you turn that great idea into a booming t-shirt business, we've broken this process down for you step by step:
If you rush into the eCommerce venture without analyzing the eCommerce world, you may be risking the success of your future business. Although it is exciting to be a startup owner, you should be more focused before rushing into the online store industry unprepared. If you don’t, then you may suffer a considerable loss and damage to your reputation.
Starting a Business | 8 min read
One of the most defining features of 2020 so far has been the the COVID-19 pandemic. This global event has affected individuals in every walk of life, overwhelming our medical facilities, forcing businesses to shut down, and compelling organizations to move to virtual meetings. While our scientists are putting in the hard work to contain this virus, entrepreneurs everywhere are leveraging ecommerce tools and resources to start home-based businesses and make the best of their time in lockdown.
For the whole of 2019, Shopify raked in $1.578 billion. So, it's no wonder that Shopify now ranks fifth in online business and consumer services websites. Its worldwide traffic ranking, on the other hand, is an impressive 645.
All of these facts may lead you to believe that Shopify is one of the best eCommerce platforms. It is an impressive platform, but not if you sell items that it prohibits. If you are, you should start looking for Shopify alternatives.
Ready to learn more[...]
Did you know that it’s possible to establish an online apparel brand without making any investment into printing machines or clothing inventory? Not only can you start an online apparel business with no starting expenses, but you can also earn decent profits with basic design skills and the power of personalization.
In the world of cannabis and its derivatives, the last few years have seen significant improvements in terms of legality and sales. With the pharmaceutical industry facing a substantial decline in recent times, people are investing less than they used to. That’s because of the innate nature of cannabis. However, compounds like CBD, which is a product of industrial hemp, does not cause of any intoxicating side effects when administered in the recommended amount of dosage.
Shopify Plus alternatives are growing increasingly popular in the realm of enterprise eCommerce. While millions have flocked to Shopify to host their storefront, this popularity has also exposed the shortcomings of Shopify Plus.
On the one hand, it lacks the deep, advanced functionality of platforms such as Magento Enterprise. While Shopify Plus sells itself on ease of use and lower cost, the $2,000 starting price point is still imposing for growing businesses and even larger[...]
When it comes to starting a business, location matters because it determines many other things that can make or break a new venture. An entrepreneur might have a strong product or good idea, but, if they’re in the wrong location, all kinds of problems can present themselves. The entrepreneur might find it difficult to access startup funds and talented labor, they could struggle to find affordable office space, or they might simply be in a market that isn’t interested.
Shopify is now home to over a million merchants spanning 175 countries. Because of this, it became Canada's second most valuable company in 2019. The Great White North, after all, is where the multi-national eCommerce firm started.
Fast forward to 2020, and Shopify has become even more prominent, raking in $121.3 billion.
Despite all of this, Shopify isn't the only eCommerce platform on the market. And, it may not even be the best. There are quite a few Shopify competitors worth[...]
Looking to start a new business but without the commitment of investing a lot of initial capital? If so, dropshipping might just be the thing for you!
Working remotely has become one of the hottest topics recently as everyone is stuck in their homes. But, believe me, remote working isn’t something new. It has been up and coming for a good couple of years. Now, with the current outbreak, businesses are “forced” to explore the world of remote working.
When it comes to making money at home (and while you sleep), you have to consider one very important thing: solving someone else’s problem. At the core of every lucrative business is the ability to problem solve for someone else (and, the bigger that group is, the more successful your business will be). While there are plenty of problems to be solved, they mostly revolve around two things: time and money. If you can help me save time or money (or both), then you’re likely on to something big.
The e-commerce industry needs no introduction in today’s time. Be it a multinational corporation or a startup; every business nowadays is thinking about entering the e-commerce industry. This is primarily to reap the benefits of a gigantic digital customer base that’s proven to be profitable.
Starting a Business | 9 min read
While there are plenty of ways small businesses can get their hands on cash in order to grow, very few business owners actually understand what all of these choices really are — and how they work. In a lot of cases, small business owners end up simply taking the first valid option they find, regardless of terms or even the amount of money they’re receiving. And, for all of the other small business owners, the amount of choice when it comes to funding coupled with all of the misinformation[...]
If you’re looking to start an eCommerce business, there’s a lot to process. Beyond finding products, branding, and finding your target persona, there is a vast amount of digital capabilities you will need as well. Setting up your website, social media profiles, creating website content and imagery are just a few to take into consideration.
Market research is a crucial point in a business’s journey, whether you’re just starting or you’ve been open for years. Without it, you’ll be essentially going in blind in terms of marketing efforts, product development, customer service, and even business operations as a whole. But what exactly is market research, and how can you conduct your own to gain valuable data-driven insights? Let’s find out.
Starting a Business | 24 min read
Life inside the novel coronavirus pandemic is full of uncertainty, from our health to our economy. As more states and countries declare stay at home orders, and many employees lose their jobs, it's become difficult to predict how business owners can navigate the ongoing pandemic.
While we all move towards staying in isolation at home, eCommerce businesses have a unique opportunity to supplement peoples' lives and support them with the products and services we need every single day. And small[...]
The novel coronavirus has created a serious health problem for the entire world and for the economy, with many small businesses caught in the crossfire.
In addition to peoples' lives, businesses large and small are also becoming a victim of this global pandemic. Thankfully, there are resources for help and assistance via debt relief grants, loans, and even nonprofit and private funding options.
While approximately 30 million American small businesses are facing some serious uphill battles in[...]