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Importance of Social Proof in Ecommerce

Ship Monk

What can ecommerce businesses do to leverage this power? That, in a nutshell, is why ecommerce businesses cannot afford to ignore the importance of social proof. Conformity bias is what makes the fashion industry tick, and many ecommerce businesses benefit from it. That’s a mind-blowing statistic. Low-cut jeans come to mind.)

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Ecommerce Customer Acquisition Tips & Tactics

Ship Monk

The hardest part about launching an ecommerce business is … what? As an ecommerce business, (or any kind of business really) your task is to shepherd potential customers from step to step on this journey. Content might be anything from a blog (like this one), to a compelling video that features your product in action.

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Demand Forecasting: How It Enhances Ecommerce Operations

Ship Monk

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 truth, demand forecasting, or estimating how much product you’ll sell in the future, is one of the toughest challenges for any ecommerce business.

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How to be an Eco-Friendly Ecommerce Brand

Ship Monk

Which means in the world of ecommerce business, entrepreneurs may feel torn between making eco-friendly decisions and strategic business ones. The good news is that you can stick that stigma where the sun don’t shine because there are plenty of ways to run a profitable eco-friendly ecommerce brand. What is Sustainable Ecommerce?

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Finding Your Ecommerce Brand Niche

Ship Monk

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.

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Top eCommerce Trends in 2021

Ship Monk

While the end of COVID-19 is (hopefully) near, its effects will have an enduring presence on the retail landscape and, subsequently, this year’s eCommerce trends. YoY growth from 2019, it’s safe to say that eCommerce sales have absolutely skyrocketed, essentially jumpstarting the industry by nearly two years. Stiff Competition.

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How to Boost Your Ecommerce Conversion Rate

Ship Monk

According to an ongoing study of 3,036 Shopify stores, the average conversion rate (visits that resulted in purchases) in 2022 was 1.3%. would put you in the middle 60% of ecommerce stores according to this benchmark. What is an Ecommerce Conversion Rate? Converting browsers to buyers is incredibly difficult.