Ship Monk

AUGUST 30, 2023

would put you in the middle 60% of ecommerce stores according to this benchmark. Today we’re going to look at how to calculate ecommerce conversion rates, identify some things that may be turning customers away, and what you can do to improve conversion rates. What is an Ecommerce Conversion Rate? Anywhere between 0.2%

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Ship Monk

JULY 20, 2023

There are so many layers to the shipping aspect of the ecommerce industry that it can be a bit overwhelming. Shipping zones are calculated based on where an ecommerce order is shipped from. For example, say an ecommerce merchant has a 2-Day delivery policy for orders received before 3PM.

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Ship Monk

FEBRUARY 3, 2024

One of the greatest benefits of owning a direct-to-consumer (DTC) ecommerce business is that you get to form a direct connection with your customers. All ecommerce businesses should be engaging in targeted advertising. Looking for other ways to help your ecommerce business grow?

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Ship Monk

JUNE 5, 2023

Anyone who owns an ecommerce brand has unwittingly been through a crash course in ecommerce logistics. They start out by handling fulfillment manually, but quickly learn that speed, efficiency, accuracy, partnerships, and scalability are essential to the success of their ecommerce business. Who Manages Ecommerce Returns?

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Logistics Business Magazine

MARCH 22, 2024

Online to inflight, ecommerce is transforming international express courier services, writes Matthew Ware, CEO at CFL , Chairman at Aviation Services UK. It is widely believed that Sting’s “Ten Summoner’s Tales” was, in 1979, the first ever item purchased online – marking the birth of ecommerce.

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Ship Monk

FEBRUARY 9, 2024

As the holiday shopping season reaches its peak, ecommerce business owners everywhere are crossing their fingers, hoping they have enough product in stock and that they didn’t order too much. In a few short weeks they’ll find out just how accurate their demand forecasting method was. Furthermore, no method is 100% accurate.

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Logistics Bureau

AUGUST 7, 2023

Effective inventory management has become increasingly crucial for businesses in this fast-paced and rapidly evolving era of ecommerce. Moreover, the ecommerce explosion has brought new and unique challenges that complicate inventory management for enterprises selling online. BOOK NOW Need help with demand forecasting accuracy?

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Ship Monk

JUNE 30, 2023

There seem to be about a million metrics to watch if you want to run a successful ecommerce business. You can track as many metrics as you want, but not every performance indicator qualifies as a KEY performance indicator (KPI) for your ecommerce business. Which ones are the most important? Well, that depends on your goals.

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Ship Monk

FEBRUARY 13, 2024

Knowing everything I know about dimensional weight and ecommerce shipping, I should have shipped it directly to his house. And how in the world did that ecommerce company manage to ship it to me for nothing? Today, we’re going to discuss how package weight affects ecommerce shipping rates. Let’s get started!

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Ship Monk

AUGUST 2, 2023

You decide to launch an ecommerce store to sell this idea because it’s the greatest idea ever and can’t possibly fail. Part of the process is doing your homework and identifying your ecommerce niche. What is an ecommerce niche? What is an Ecommerce Niche? Let’s assume you’re an entrepreneur with a great idea. Loungewear?

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Ship Monk

NOVEMBER 30, 2023

When you’re driving a car down the road, you have to keep your eye on a few things: how much gas is in the tank, how fast you’re going, whe-ther or not you left the blinker on, to name a few. Now if only you had a dashboard to keep your ecommerce business running. Well, guess what? So, what’s on your dashboard?

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Ship Monk

FEBRUARY 18, 2021

It may sound simple enough, but deciding what to sell is one of the biggest — and most overlooked — steps in launching an eCommerce store. What Are Niches in eCommerce? In eCommerce terms, niches are product categories that are tied together by a common theme. How to Choose Your eCommerce Niche. Keep reading!

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EazyStock

FEBRUARY 1, 2021

Better Inventory Management for eCommerce. The growth of eCommerce in 2020 was phenomenal as more customers, B2B and B2C alike, shopped online due to the COVID-19 pandemic. Forrester projects that B2B eCommerce transactions will reach $1.8 A critical area of focus should be your eCommerce inventory management processes.

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Ship Monk

JULY 26, 2023

Having a great product is key to ecommerce success, but so is making sure it gets to customers safely. However, while shipping companies will vary in terms of their policies, with ShipMonk, ecommerce clients don’t have to stress about keeping their packages safe because we have MonkProtect.

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Ship Monk

DECEMBER 5, 2022

Does it feel like your ecommerce business should be more profitable than it is? One of the most common mistakes direct-to-consumer (DTC) ecommerce brands make is failing to understand and track their true costs, a.k.a. Stick with us and you’ll learn how to calculate landed cost — and how this number affects your profitability.

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Ship Monk

AUGUST 28, 2023

Since there are so many different types of ecommerce businesses and many operate under a combination of business models, we thought it was time to clear up some of the confusion around those ubiquitous acronyms, and add a few more. Let’s take a look at the different types of ecommerce business models out there, with some examples of each.

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Kanban Logistics

JUNE 25, 2020

As a fulfillment provider, we receive many questions about eCommerce fulfillment costs. Specifically, how to make them lower. eCommerce fulfillment costs: what do you need to pay for? eCommerce fulfillment costs: what do you need to pay for? How to reduce eCommerce fulfillment costs with a 3PL.

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Ship Monk

SEPTEMBER 12, 2022

As an eCommerce business owner, what goes inside your boxes is just as important as what goes outside, i.e. the shipping label that provides pivotal information about what is being shipped, how it is being shipped, where it’s going, and who it’s going to. Q: How to Make a Shipping Label and How to Print a Shipping Label?

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ShipLilly

FEBRUARY 10, 2022

This is an important aspect of ecommerce as it allows the movement of products from the manufacturer to the customer. It involves third-party logistics which is the term used to refer to professional ecommerce fulfillment services. How ecommerce companies can benefit from logistics management systems.

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CH Robinson Logistics

FEBRUARY 4, 2021

The boom in ecommerce poses novel challenges to the logistics industry. Logistics is a critical part of ecommerce operations – Many e-tailers want a certain degree of control over logistics as it is a vital part of their business. Online shoppers expect convenience, flexibility, and a high-quality shopping experience. or Black Friday.

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Ship Monk

SEPTEMBER 14, 2023

This multichannel shopping habit makes it difficult to reach consumers, particularly if your ecommerce business is currently taking a single-channel approach to marketing and sales. Today’s ecommerce brands have a myriad of choices to consider when selling their products. What is a Sales Channel? Lots of fees.

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GoShip Blog

JULY 28, 2022

A returns management solution helps you handle the returned items effectively to satisfy your ecommerce customers without hurting your profit margin. . Why managing returns is important for ecommerce. Returns management, also known as reverse logistics, refers to how a business manages returned items.

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Ship Monk

JUNE 14, 2023

There are a lot of moving parts to managing an ecommerce supply chain. An ecommerce store owner is expected to master everything from sourcing materials to manufacturing and procurement, to fulfillment and shipping orders to customers. Today we’re going to take a look at a typical ecommerce supply chain from beginning to end.

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Ship Monk

JANUARY 11, 2023

The ecommerce industry specifically continues to grow in terms of demand, competition, and customer expectations, calling for increasingly efficient fulfillment solutions and infrastructure to better deliver on your brand promises. ShipMonk presents you with a thorough A-Z glossary of ecommerce terms merchants in the know should know.

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Ship Monk

NOVEMBER 21, 2022

You’ve done the hard work of building your startup into a successful ecommerce business. The last thing you want is to run out of your bestsellers, but how do you know when to order more? The good news is that there’s an easy formula ecommerce businesses can use to calculate the optimum reorder point for each SKU in your product line.

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Ship Monk

MARCH 14, 2023

If that’s you and you’re an ecommerce business owner, keep reading for eco-friendly packaging options your company could invest in this year to save money and help preserve the planet. Example: a bicycle is more eco-friendly than a sedan, but a sedan is more eco-friendly than a Hummer.

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Ship Monk

MARCH 14, 2023

If that’s you and you’re an ecommerce business owner, keep reading for eco-friendly packaging options your company could invest in this year to save money and help preserve the planet. Example: a bicycle is more eco-friendly than a sedan, but a sedan is more eco-friendly than a Hummer.

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Ship Monk

JANUARY 27, 2021

Although it might be easy to pin these closures solely on the eCommerce piñata, there are other factors that contribute to a store’s decision to shut down, namely: Events outside of our control , such as the economic effects of a global pandemic The shift from a service to an experience-based economy A shrinking middle class Poor management.

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Ship Monk

NOVEMBER 22, 2022

Ecommerce businesses depend on 3PL fulfillment companies and shipping carriers to make good on their promises to customers. The way your ecommerce business responds when things don’t go according to plan defines your business, for better or worse, in the eyes of your customer. But what happens when something goes wrong?

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Ship Monk

AUGUST 22, 2022

In our eCommerce fulfillment blog we sometimes highlight industry jargon that’s essential for every entrepreneur. Whether you do or you don’t, this blog can help finetune your understanding of what SKUs can be utilized for, how to use them to grow your business , and best practices for this crucial part of inventory management.

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Ship Monk

DECEMBER 1, 2022

While a hundred years ago you’d be lucky to get a package across the country in a few weeks, over the last twenty years the ecommerce industry has completely changed customer expectations. Amazon is credited for transforming how shoppers think about delivery of their ordered goods. Sound simple?

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Ship Monk

FEBRUARY 16, 2023

In the ecommerce industry it’s a feeding frenzy out there—DTC and B2B retailers doing everything they can to get shoppers’ attention. Colossal companies like Amazon created this “new normal” in the ecommerce industry, and all merchants have been forced to follow or get left out in the cold. That’s a problem for ecommerce brands.

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Ship Monk

JANUARY 30, 2023

If you’ve read PART 1 of our Ultimate Ecommerce Merchant Guide then you are halfway through absorbing the best lessons any entrepreneur can learn from the previous peak season, and are primed with the right knowledge to restructure for a stronger 2023. Welcome to the ecommerce party! And if you haven’t read PART 1, no worries.

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Ship Monk

JANUARY 20, 2023

Welcome back to the ultimate guide for enhancing your ecommerce knowledge! In PART 2 of our epic ecommerce terms guide and glossary, we’re here for you—the ecommerce merchants and entrepreneurial warriors of the world—to explain key terms relating to ecommerce, logistics, fulfillment, inventory, and more.

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Conger

JULY 22, 2021

This is the complete guide to eCommerce warehouse management systems. In it, you’ll learn: What eCommerce is. What eCommerce warehouse management systems are. How to choose the right system for you. The 11 best eCommerce warehouse management systems. What is eCommerce? What is eCommerce?

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Ship Monk

JANUARY 27, 2023

While “going with it” is an acceptable strategy for some areas of the holidays; it’s not a strong plan for ecommerce brands during peak season. Get Faster Shipping Options Peak season is when ecommerce brands of all sizes across all verticals feel the most pressure to deliver on the delivery front. Reduce Cart Abandonment 2.)

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Ship Monk

JUNE 8, 2022

Learning how to manage inventory is one of the biggest challenges of owning an eCommerce business. Most of these methods rely on past sales data, future forecasting, or a combination of the two to help inventory managers predict how much inventory they’ll need. Let’s say your eCommerce business makes cotton baby blankets.

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