Recent Articles from Advice

9 Proven Customer Retention Strategies For E-commerce

Attracting a lot of customers is definitely one of the hardest, but also most important tasks for e-commerce. And once you’ve attracted shoppers, customer retention is fundamental as well. Customer retention strategies are the most efficient and cost-saving solution for turning the new customers...

How to Calculate Safety Stock Level for Retail Businesses

How to Calculate Safety Stock Level for Retail Businesses Supply chain problems happen all the time. Machinery breakdowns, adverse weather, a surge in product demand, or a pandemic are all unpredictable events that could lead to your products being unavailable. In all cases the impact on a...

Inventory Turnover Ratio: Simple Formula & How to Calculate

Inventory Turnover Ratio: What It Means For Your Business In any industry, inventory management is a key business operation. For one, knowing your inventory turnover directly impacts sales, business costs, and financial projections. It helps you price your products correctly, make production more...

How to Calculate Labor Cost: A Formula for Restaurants

How to Calculate Labor Cost: A Guide for Restaurant Owners Business owners have to deal with a number of major operational costs: rent or mortgage payments, inventory costs, labor costs, and a few others depending on the industry. This post will focus on the last item in the list, and explore all...

Use Cross-Selling Strategy to Boost Your Ecommerce Store Income

Leverage a Cross-Selling Strategy with These Quick Tips Smart marketing experts think not only about how to attract new customers but also about how to increase the value of every single customer. A cross-selling strategy is a perfect option for increasing the value of each customer transaction.

Cash Register Selection: Basic or Cloud-Based

How to Choose the Right Cash Register for Your Business Cash registers are an integral component of any business. After all, at the heart of a business is the monetary transaction that takes place—the exchange of goods or services for currency. Historically, a manual cash register required cashiers...

Omnichannel Marketing: Business Model for Retail Data

A hundred years ago, it would have been impossible to imagine the hold technology would have over the entire world. Today, the world never seems to sleep. One way or the other, it is always online.

How to Run a Business - Strategies for Success

Whether you have an online business or a brick-and-mortar store, running it effectively can be a lot of responsibility. The ultimate goal for any entrepreneur is to increase the return of the company. However, before that can happen, it is important to understand the requirements of administering a...

Payment Gateway - What Is It and Should You Consider One?

The expansion of global merchants has opened new doors for business evolution. A payment gateway is a merchant service that authorizes credit card or direct payment processing for businesses. Payment gateways can help build a better relationship between a customer and the merchant because it gives...

5 Ecommerce SEO Strategies To Rank Higher

The cost of clicks is rising and it’s becoming more and more expensive to get paid traffic to your web store. Thankfully, there are options for search engine optimization (SEO) that can help offset climbing costs. Have you considered ecommerce SEO strategies to help drive visitors to your site?

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