Ecommerce is growing 23 percent each year, with 51 percent of Americans preferring to shop online. However, 46 percent of small businesses still don’t have a website. If you fall into this category, you are leaving massive amounts of revenue on the table. If you have a business that ...
Revenue is a vital part of your business. Your business needs revenue to survive. So, you must understand revenue. Below you will learn what revenue is, why revenue is important, how to calculate it, and how to increase it. What is revenue in business? Revenue is the money your business...
The fact that 75% of respondents said IPM would deliver a “large” or “significant” increase in revenue speaks to the power of IPM. With businesses reporting significant losses due to Internet disruptions, IPM’s proactive and comprehensive approach is not just recommended but essential...
A reasonable raise in prices to maintain first-rate quality, effective customer-service, wider guarantees, and other benefits contributing tocustomer comfort and satisfactionare means of increasing revenue and profitability. Make sure to communicate such intentions properly, explain your reasons and educate...
While customer acquisition is great, it’s not always necessary if your primary goal is to increase revenue. Focusing on your existing customers will save and make you money too. Don’t believe me? Calculate yourcustomer acquisition cost: ...
so. Some may be new to you and some you may be doing already – although it never hurts to take a fresh look at every aspect of your company’s operation.Whichever ones you decide to adopt will depend on the nature of your e-commerce business and the market you...
Since sales go in cycles, your business revenue can increase and decrease over time. Withrevenue forecasting, you can try to predict future revenue based on past sales data. That way, you can plan how much money you’ll have available for spending to hopefully...
The more guests you acquire who keep coming back and spending more, the higher your overall revenue will grow. Then you can reallocate guest acquisition dollars and apply them to other areas of business improvement, or to offset rising costs. ...
Creating a budget puts your business in a better position to survive slow seasons and prepare for future expenses. It’s also an opportunity to set detailed financial goals.
Big data remains a popular buzzword in marketing circles, yet studies suggest that merely 25 percent of C-suite leaders are leveraging big data tools to do their jobs. Still, no marketer wants to be left clinging to an outdated strategy, and there is a clear trend toward devoting more ...