article thumbnail

3 Things You Need To Be Aware Of When Calculating A Budget For An App Like Etsy

YoungUpstarts

Well-thought and unique eCommerce business is a bottomless source of profit. Just take a look at one of the most impressive examples: in 2018, Amazon’s net profit exceeded $10 billion , which is twice as much as in 2017. Customers enjoy online shopping; their demands create enormous opportunities for eCommerce company’s growth.

eCommerce 113
article thumbnail

Propensity Modeling: Using Data (and Expertise) to Predict Behavior

ConversionXL

And how does that compare to H1 2018? Edwin Chen, Software Engineer at Google, summarizes the process in more detail: Edwin Chen: First, select which variables to use as features. you might offer a higher discount if you’re an ecommerce store). When we look at data and analytics, we’re focused on the past.

Analytics 118
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Vote Local, Austin: 18 SXSW panels featuring Austinites that deserve your PanelPicker vote

Austin Startup

What B&M Brands Can Learn From eCommerce” with Ryan Wuerch @ Dosh With 94 percent of all retail purchases still taking place in brick and mortar locations, it’s time brands unlock the full potential of mobile technology. You don’t need rockstar engineers. You need a rockstar engineering organization.

Austin 48
article thumbnail

Business Apologies: What You Should (and Shouldn’t) Do

ConversionXL

Slow delivery times : When it comes to managing ecommerce logistics—coordinating online orders, fulfilment, and shipping—hiccups are inevitable. Here’s the largest ecommerce website on the globe, Amazon , apologizing for delayed shipping: (Image Source ). This was a couple of software engineers who put this in for whatever reason [.]