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With a massive90 percent of all e-commerce businesses failing within the first four months of launching, knowing everything there is to know about your current profitability is crucial to long-term success. But is e-commerce profitable, and what is a good profit margin for online retail? This article will dive into industry benchmarks, financial insights, and professional strategies for maximizing your e-commerce profit margin.
The year is drawing to a close, and it's high time to both reflect on the results of 2023 and think forward to 2024. As you’ve guessed, that's precisely what we're going to do in this short (retro)perspective article that features insights directly from Amasty's CEO. Ready to learn about the four key aspects that Amasty believes will be vital for e-commerce growth in 2024? We're excited to share them along with our progress in them so far and strategies to keep succeeding next year!
A point-of-sale system (POS) is critical for retail businesses navigating daily operations because of its ability to process and streamline payments and includes everything from traditional cash registers to e-commerce payment solutions. However, many retailers question the cost of a custom POS system. Understanding this system and its price can help you prepare to invest in a POS solution that makes payments effortless. To get you started, this article will explore everything about a simple POS system, its purpose, and its cost, depending on your industry.
With the advent of digitalization and internet ubiquity, global e-commerce sales are projected to reach nearly $8.1 trillion by 2026, up from approximately $5.2 trillion in 2021, according to Statista. AI, in the world of e-commerce, is no longer just a buzzword. Integrating AI into Magento isn't about just adding a futuristic touch; it's about harnessing the potential of AI to ensure businesses can scale, adapt, and thrive in the modern e-commerce era.
A stock-keeping unit (SKU) number is essential to identifying and keeping track of your products. However, knowing how to create SKU numbers is another story, and this process can be confusing if you don’t take the proper steps. Simply put, SKU numbers are very important, and understanding how to make SKU numbers is critical to inventory management processes. But what does SKU mean, and what is the SKU creation process? Read more to find everything to know about SKU numbers.
Holidays are just around the corner and e-commerce experts like you are preparing to launch promotional activities. Do you already have them all planned out or search for some good Christmas marketing ideas? Either way, we’re sure our post will come at the right moment. Check out our Christmas marketing recommendations – and see how a couple of seemingly minor features can help you set up a whopping 15 different campaigns, boosting the results of your holiday initiatives.
