4 Other Ways Your Online Shop Can Make Money

23
May
2019

As an online store, most of your time, money, and effort should be spent on selling products to earn your profits. However, not all income requires regular work in the same way that traditional sales do. You can earn passive income even when nobody is buying by implementing passive income strategies on your site. While they won’t make you rich, it can help you to increase your income more consistently at little cost to you. Today we are talking about: Affiliate Marketing, Sponsored Products & Posts, Google Ads and Increasing the AOV with 1 Click Upsells. Below are 4 strategies… Read More →

by Bogdan in Tips and Tricks

Convert One-Time Seasonal Shoppers Into Lasting Customers

16
May
2019

Holidays around the world are a retailer’s dream. Whether it’s a large-scale holiday like Christmas or a commercial holiday like Cyber Monday or Black Friday, stores often see a huge increase in new customers, overall sales, and of course profits during these times. Depending on your industry, you could even be relying on December to make or break your entire year – or kickstart your success. However, many online stores struggle with retaining a percentage of these one-time buyers during seasonal shopping times. Perhaps you offered an exceptional deal that got you on a “top gifts” list, or had an… Read More →

by Bogdan in Tips and Tricks

4 Tips to Improve Your Product Display on WooCommerce

26
April
2019

As an online retailer, you have a very different process when it comes to selling products. While brick-and-mortar locations have signs, displays, and products that can be held, you’re working with pixels on a screen. It’s true that this makes it much simpler & cheaper to run a business, but it also means you have to maximize your virtual WooCommerce storefront – your website – for sales & conversions. While a lot of focus is put on the homepage and graphics the site offers, some eCommerce businesses forget that they have to display their products just like traditional stores do… Read More →

by Bogdan in Tips and Tricks

7 Tips to Increase Your Dropshipping Success Rate

07
April
2019

Dropshipping is a rapidly growing eCommerce business model through which sellers have their suppliers ship items directly to their customers, thereby eliminating the need for physical inventory and shipping materials. When it works, it can be an extremely lucrative business endeavor that’s also fairly easy to maintain. However, as with any form of eCommerce, there are a few basic principles that must be followed to thrive. If you’re looking to increase your dropshipping success rate, here are a few tips to bear in mind. 7 Strategies for Increasing Your Dropshipping Success Rate 1. Choose a Niche You Know The golden… Read More →

by Bogdan in Tips and Tricks

Upsells, Downsells & Cross-Sells And Why You Should Start Using Them

23
November
2018

There’s a three letter acronym that can literally make your business skyrocket once you understand it. In eCommerce especially, understanding how to make decisions based on these three little letters can be the difference between just “getting by” or blowing up. The good kind…not the kind with bombs and stuff. Anyway… You may be guessing that we’re about to discuss the importance of LTV (Lifetime Value). And that’s actually a good guess. Knowing your customer lifetime value is essential… But I want to talk about something else. I want to talk about AOV. AOV stands for Average Order Value. Here’s… Read More →

by Bogdan in Tips and Tricks

5 Other Ways Your Online Shop Can Make Money

16
November
2018

When it comes to making money in eCommerce, we often focus solely on driving sales. While that is indeed important to your store’s success, there are also other ways your online shop can make money. In addition to refining your marketing strategy to increase sales, here are some other inventive ways you can get your store to start bringing in more revenue. 5 Ways Your eCommerce Store Can Make Money (Besides Selling Your Products) 1. Affiliate Marketing Affiliate marketing is a great way to help your website generate passive income – without necessarily increasing sales. It’s a quick and popular… Read More →

by Bogdan in Tips and Tricks

The Reverse Flash Sale. How to Use Premiums Instead of Discounts to Boost Sales.

09
November
2018

There’s a common trap that a lot of business owners fall into that ends up costing them a lot of money. You actually see this quite a bit in the e-commerce space. The trap looks like this. In an effort to boost sales, online stores will run limited time Flash Sales or discounts on their products. This often brings in an influx of cash which is great. It also converts prospects to customers and that’s even better. So they do it again. And again. And again. But there’s a big down side… Before they know it they have trained their… Read More →

by Bogdan in Tips and Tricks

The Only Three Frameworks You Need to Grab Your Customer’s Attention

05
October
2018

Let’s face it. When you break down business to its most fundamental, foundational level you’re left with a surprising but simple realization. Every business, regardless of the market or niche it serves, is fighting for one thing. They fight for it in different ways but the goal is the same across the board. Every business is fighting for the attention of their prospective customer. And even if someone is already a customer, you’re fighting for their attention too. Without attention, you have no business. It is the great commodity. And the method we use to get attention is called “marketing.”… Read More →

by Bogdan in Tips and Tricks