Securing funding is a pivotal step for online retailers looking to scale their business, invest in inventory, or expand marketing efforts. However, before applying for a loan, e-commerce merchants must meet certain financial benchmarks and understand key lending criteria to improve their chances of approval. Here’s what online retailers need to have achieved or understood…
Eric Youngstrom
In the E-Commerce Business Loans: What Sellers Need to Know article, I defined an e-commerce loan, how it works, the pros and cons, and the best candidates for getting traditional funding support. Now, let’s explore other funding options for online sellers. Business Credit Cards Credit cards allow small e-commerce companies to manage daily operational expenses…
Since Amazon.com started selling books online in 1995, the world has embraced the benefits of e-commerce. In 2023, global retail e-commerce sales reached an estimated $5.8 trillion. It's projected that sales will reach over $8 trillion by 2027. While there’s a lot that has changed from those early days of Amazon selling books, what hasn’t…
Prime Day is more than your average sales event — it's one of the largest profit opportunities for e-commerce sellers, with over 200 million Prime shoppers ready to make purchases. With careful planning and the right tools, you can capitalize on the increased traffic during Prime Day 2024. To give online sellers plenty of time…
Even though moms will be celebrated in a few weeks, the time is right for e-commerce businesses to start planning for a successful Father’s Day selling experience. The holiday presents a prime opportunity for online businesses to produce new sales and increase customer retention. According to the National Retail Federation (NRF), three-quarters of consumers celebrated…
Demand planning uses available data and analytics into past market behavior in and around a business to predict the future. Without these insights, business owners could make inventory misreads, marketing mistakes, shipping blunders, and hiring miscues, all eating into profit margins. By assessing your current business performance and past order histories, you can anticipate the…
