Ship Monk

MARCH 11, 2024

In this article we’ll explore the definition of social proof and its importance in influencing shopping decisions. Third-Party Research By this we mean studies or product rankings conducted by independent sources, such as those conducted by Consumer Reports, CNET, or Wirecutter. We look for “proof” that we’re making a good decision.

eCommerce 89

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Ship Monk

SEPTEMBER 29, 2022

If you manage your own fulfillment, you’ll need to study data and inventory formulas from previous seasons and hire more packers while running your promotions to keep up with competitors. Study Data Closely. Contact ShipMonk today to find out how our 3PL fulfillment services allow eCommerce brands to perform at peak level.

eCommerce 52

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Ship Monk

OCTOBER 10, 2023

On the other side of that coin, ecommerce brand owners need to be just as careful when selecting their 3PL fulfillment service partners. Omnichannel fulfillment services are definitely not one size fits all, as every ecommerce brand is unique and has its own special needs. The situation is not Ho, Ho Hopeless though.

Procurement Solutions 64

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Locus

MAY 25, 2022

The most basic thing a customer expects from you is to fulfill their orders on time. Consistently failIng to do so means definitely losing their confidence, which reduces your revenue, and a decline in profitability. Implement fast shipping with alternative order fulfillment models. 2021, Statista. Download Now!

Sourcing Strategies 52

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Ship Monk

NOVEMBER 12, 2020

Repeat customers will make repeat purchases and have a tendency to spend more per order. Studies have shown that increasing customer retention rates by 5% has the ability to increase profits by 25 to 95%. Instant gratification is definitely satisfying, but so is knowing you’re positively impacting people’s lives! this article?

Expense Reduction 52

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Ship Monk

MAY 20, 2021

In fact, studies show that business plans boost future growth and performance by as much as 30%! If you really want to play it smart, market research is one step you definitely don’t want to skip out on. Subscribe to our blog newsletter today ! Unfortunately for the latter, they’re missing out! Let us know !

How To 64

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Ship Monk

APRIL 26, 2023

A 2020 ecommerce shipping study determined that 27% of shoppers will choose one ecommerce brand over the other based on speed of delivery options. According to a Baymard Institute study done in 2022, 18% of cart abandonment is attributed to slow delivery speeds. Benefits of Offering 2-Day Shipping 1. So be careful with your offerings.

eCommerce 73

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