The ecommerce industry will make as much as $2.8 trillion in sales this year, according to the Statista report. Whether you are in on the action or just beginning the adventure as an owner of a small business, doing everything by yourself, one thing is certain: keeping a watchful eye on the business and keeping it not only alive but also thriving may give you quite a headache.
The days of the brick and mortar business are in the past. Now, more and more online businesses are popping up every day. It’s no wonder so many business owners are jumping on this trend with so many shoppers opting to make purchases online instead of in store. Statista.com claims just about 40% of American shoppers choose to shop online several times per month. These numbers are hard to ignore!
After the launch of eBay, the first company to use the marketplace model, 22 years have passed and if you count it in the Internet years, it’s been a few ages.
There is a common belief among global e-commerce companies that in order to make money it’s enough to let them in through a global channel, meaning implementing universal and most popular payment options.
A subscription (recurring payments) in a SaaS based company?
Boy oh boy. Simply irreplaceable thing. Businesses based on these types of services breathe subs like air!
Why should an Internet merchant bother with lowering the chargeback rate? Why constantly keep the matter on the radar? (Such a nuisance!) After all – it’s just another way for the client to get the money back, right?
There are dozens types of contact you are able to offer your customers in your online business. Choose carefully what will work best for you.
Choosing the best payment provider is crucial for your online business. That’s the partner thanks to whom you will be able to earn money.