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Demand Forecasting: How It Enhances Ecommerce Operations

Ship Monk

The process usually includes analyzing historical data for seasonal trends and product performance, as well as gathering current data on competitors, marketplace trends, future marketing plans and promotions. Accurate data forecasting requires accurate data, robust data analysis tools, and people who understand how to use them.

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Benefits of a Multichannel Ecommerce Sales Strategy

Ship Monk

According to a study conducted by Harvard Business Review, 73% of retail shoppers use multiple channels to shop. Another study by Retail Dive found that the average engagement rate of marketing campaigns using three or more channels was 18.96% (that’s the average across all channels!) Lots of fees.

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10 Sure-Fire Tips for Customer Acquisition

Ship Monk

Bonus: Check out our roundup of shopping carts and marketplaces to scope potential candidates! #3. While it’s harder for those of us who aren’t technically inclined, the good news is that most of the shopping carts and marketplaces we mentioned provide professional templates that take flawless design and formatting into consideration.

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Brand Values: How to Increase Your Customer Loyalty

GoShip Blog

Examples of brand values include integrity, honesty, customer-centricity, quality, sustainability, diversity and inclusion, equality, collaboration, accountability, creativity, teamwork, social responsibility, etc. Also, a 2017 study found that over 55% of Americans are loyal to brands with values that resonated with them.

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Why Small Businesses Should Consider Offering Buy Now, Pay Later Financing

GoShip Blog

For example, let’s assume that your customer chooses to finance a $100 purchase using the Buy Now, Pay Later option. An online study commissioned by PayPal found that customers are 64% more likely to complete a purchase when offered interest-free payment methods like BNPL. Increased consumer spending .

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2-Day Shipping 2-torial

Ship Monk

A 2020 ecommerce shipping study determined that 27% of shoppers will choose one ecommerce brand over the other based on speed of delivery options. For example, say an ecommerce merchant has a 2-Day delivery policy for orders received before 3PM. If you place an order on Wednesday before the 3PM the cutoff, it delivers on Friday.

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Rapid Results from ‘Day 0’: The 5 Qualities of a Breakthrough Technology Solution For Your Brokerage

Parade

For example, if you double the throughput of your best broker reps, you can save yourself on making an additional hire. At Parade, we pride ourselves on having developed tools that are intuitive to use. For example, within a month, a customer with Parade-enabled CSRs booked 150% more loads than their peers who weren’t using Parade.