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Running an Online Store Vs Running a Marketplace
Posted by Martin Boss on 22 August 2019 10:00 AM

If you’re running a successful online store, turning it into a marketplace platform with vendors might sound like a great next step to expand your business.

Inviting outside vendors to sell on your platform may not only help you grow your product catalog without increasing your own inventory levels, but it can also create an additional revenue stream from vendor fees for your business.

However, there are a few crucial differences when it comes to running an online marketplace compared to a regular online store.

Here’s what you’ll need to know if you decide to turn your store into a marketplace with vendors.

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One of the most important parts of building a profitable, viable, and scalable online business is ensuring that you always manage inventory effectively. Whether you’re an ecommerce rookie or veteran, inventory management can definitely be challenging –, especially when deciding which inventory accounting method is best for you.

In this article, we’ll look at what inventory accounting methods are and why they’re important.

Finally, we’ll highlight how to make the right choices for your online business when various inventory obstacles enter your path to success.

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Running an online store has become much more complex and professionally oriented. You need to hire different types of people and purchase software tools to create and launch your eCommerce online store effectively in 2019. You also need to take care of numerous business processes that deal with the commercial and technical aspects of your online business.

The creation of a professional-grade online eCommerce website requires highly skilled software developers, testers, and web administrators. You can either hire those tech talents directly for your company, or you can outsource your work to a team of professionals.

According to the eMarketer forecast, online sales are expected to grow by over 15.1% in the USA in 2019. The main drivers of this huge growth include social media marketing, effective mobile app strategies, and the use of data-driven strategies and personalization in digital marketing. A huge portion of eCommerce traffic (62%) originated from mobile devices in 2018; this trend is expected to increase this year.

Let’s have a look at the importance of online stores, the top useful tips on how to launch an online store successfully, and the most important ways to increase online sales in 2019.

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Business Ideas for Housewives and Women at Home
Posted by Jessica Grioua on 23 May 2019 10:00 AM

Being a stay-at-home woman, you probably have a plethora of unique skills that you use every day for free so your family runs like a well-oiled machine. But, you might have the urge to be your own boss and start your own business, perhaps using those skills or exploring a hobby that you love. Don’t worry, you’re not alone: according to SmallBizTrends, 72% of home-based startup businesses are run by women.

Thankfully, in this day and age it’s easier than ever to start your own home business. A staggering 38 million businesses are home-based in the US alone. Because of modern tools like the internet, you have all the information you’ll ever need at your fingertips. The internet also allows us to run businesses, that would previously have had to be in a physical location, entirely online!

If this interests you, we’ve compiled some of the top startup business ideas that you, as a housewife or woman at home, can start all by yourself.

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The Best eCommerce Business Tips from Moms
Posted by [email protected] (Christianna Cannon) on 03 May 2019 10:00 AM

Mothers already have a lot to do, but that doesn't mean you can't start your own business! While there are plenty of obstacles inherent in running a business while raising kids, millions of moms around the world are successfully balancing motherhood with entrepreneurship, and carry the proud title of Mom-preneur. But how do they manage to do it all?

In celebration of Mothers' Day this year, we reached out to Mom-preneurs in all types of eCommerce industries to learn their stories and find out their best tips for other moms seeking to balance their business and family lives, and we have to say, we've learned a lot. Time management, community, marketing, work-at-home strategies — it's all here. Each Mom-preneur's business story and lived experiences can help you discover your own passion for business and give you the knowledge you need to see it through.

You don't have to wait until your kids are grown up to live out your eCommerce dreams. The following success stories and words of wisdom will be of great help to any moms (or dads!) interested in being both a business owner and a parent.

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If you're getting ready to launch a startup, you're probably experiencing a great many things. A huge rush of excitement, anticipation, and probably some stress and uncertainty. After all, 80% of small businesses fail, and the initial steps you take pre- and post-launch are crucial to your long-term success. All too often, making a mistake can lead to backtracking that most businesses just can't afford. Starting a business always involves tons of decision-making, and to make the best decisions you need to be as informed as possible.

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