In the world of business metrics,year-over-year (YoY) growthstands out as a crucial indicator of performance. YoY growth measures how a given metric (such as revenue, profit, or customer count) changes from one
Knowing how to calculate sales growth can tell you whether you are doing as well as or better than your peers. The state of the economy. A high percentage of sales growth can be a sign of high consumer confidence in the economy. During these periods, consumers spend more. On the flip...
Sales funnels show the process of capturing, nurturing, and converting leads into customers in a simple visual that organizes all the things you need to do to support each stage of the journey. The moment a potential customer becomes aware of your brand, they enter your funnel and stay in i...
Lenders use this formula to determine how much debt a consumer can sustainably take on without overextending themselves and potentially defaulting on loans. Using this rule to figure out what percentage of your income you should spend on your mortgage is smart, since it allows borrowers to have ...
Blacklock points out that online banks typically provide savings products that feature higher interest rates than traditional banks do. (Compare the annual percentage yield and no account fees of the Discover®Online Savings Accountto what other banks offer to see for yourself.) “The account fees...
figure that more than doubled in less than a decade — and have become increasingly common with the growth of ecommerce. Indeed, ecommerce sales have a higher return rate, with 17.6% ($247 billion) of merchandise purchased online returned, compared to 10% ($371 billion) for brick-and-...
As a small business owner, your eyes are always on the horizon, seeking out growth opportunities wherever they come. You've figurehow to start a business, now it's time to figure out how to grow it. Growth is good, but growth isn’t always sustainable. That’s why we’re talking abo...
2013, its first year as an independent company, to $32.8 billion in 2018, putting the company at No. 381 on this year’s Global 500, a rise of 41 spots from last year. Over that span, AbbVie has been the best in its peer group of big pharma companies in percentage revenue growth....
And since product recommendations can drive10-30% of revenue, putting the right upsell offers in front of people at the right time is an important sales growth tactic. But what is upselling and how to do it? In this article, we explain everything!
Whereas dropshippers usually pay a wholesale price to the manufacturers for the goods sold, multi-vendor marketplaces take a percentage of a seller’s sales. Customer service is usually handled differently with multi-vendor marketplaces than with dropshipping businesses. In a multi-vendor market...