We know that we’re in the height of summer, but a successful holiday selling season really starts now. Last year, retail sales grew 4% for November and December. This is the time when successful sellers start analyzing last year’s results if they haven’t already, and formulating a strategy for the end of the current year.
Thursday, July 2, 2015
Thursday, June 25, 2015
Online retail changes at dizzying speeds and it can be difficult to keep up with the rapid pace in which product prices and their positioning change. If a business is a “one-man shop” how are they to compete with bigger sellers? Even if you have a staff overseeing product listing and pricing, it’s nearly impossible to keep up with the constant changes, especially when you are managing hundreds or thousands of skus.
Thursday, June 18, 2015
Prime membership. What an innovative sales technique. Not only does Amazon tie consumers into using their marketplace to buy with all they offer with Prime, but they generate revenue by tacking on a pricetag to their consumer rewards program. According to Consumer Research Intelligence Partners, Amazon Prime members spend over double the amount non-Prime members spend per year ($1500 Prime, $625 non-Prime). With all of the success Amazon is seeing in direct response to Prime, there are bound to be copies popping up in competition.
Monday, June 15, 2015
We have come into an exciting time here at ReplyManager! In late April, XSellco, a leading provider of SaaS solutions for ecommerce, completed the acquisition of our company paving the way for us both to share resources as well as best practices for a better ecommerce selling experience.
Thursday, June 11, 2015
Many online sellers have found success from retail arbitrage. However, recent consumer complaints about products being sold on eBay and Amazon at higher prices (think Target and Lilly Pulitzer) have prompted large retailers to ban resellers from purchasing high volumes of product, putting a significant crimp in arbitrage efforts.
Thursday, June 4, 2015
Business is booming in the online realm! Many highly profitable e-tail businesses started off as an “on the side” job or as a hobby. As the e-commerce arena became more profitable, online sellers that started off as a side venture quickly found themselves with a profitable business. As businesses steady past their start up stage, the time comes to consider incorporation. While it does take a bit of effort to accomplish it, there are many benefits to incorporating a growing business.
Thursday, May 28, 2015
Internet retail has been a successful business model for many. There is real confusion, however, surrounding the collection of state taxes. If it’s found that a company should be collecting state taxes and are not, they could be shifting the tax burden from their customers to themselves. Failure to collect state taxes can lead to fines and penalties on top of the unpaid taxes. Many times, a business that is found to owe state taxes has to pay the bill themselves, as it can be costly to make customers pay for sales taxes of past transactions.