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27 Entrepreneurs Share Tips on Building an Ecommerce Business

Hearpreneur

As soon as you have 2-3 months' worth of sales data to work with, use a formula to calculate stock reorder levels to ensure you always have stock ready to go, especially if you're promoting your products on platforms known for viral content, like TikTok. #13- Every element on the page needs to be tuned to help convert visits into sales.

eCommerce 133
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Supporter Channel: Firefly Digital

NZ Entrepreneur

Firefly has been named in the Deloitte Fast 50 fastest growing NZ companies list for the last two years and with a newly opened office in Sydney, Australia, Baxter has big ambitions to take their special blend of Kiwi digital ingenuity across the Tasman. NZ Sales Manager. Australian Sales Leader. NZ Entrepreneur.

Channel 60
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9 Tips to Increase Profit NOW from Leading E-Commerce and Online Retail Experts

Mike Michalowicz

Profitability relies on keeping staff low and sales high, so being up to date with the tools available to cut workload will help online businesses be competitive. He also adds that medium to larger businesses, should look at increasing their average sales $ amount. The process of buying from you needs to be easy and streamlined.

Global 87
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How To Turn Your Social Media Traffic Into e-Commerce Revenue

YoungUpstarts

Here are practical tips for turning likes, comments and tags into new sales: Share engaging content. The best way to get your target audience to respond through social media platform is to offer social media exclusives like discounts, sales and giveaways that are tailored specifically for purchases from a given platform.

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Born Global or Die Local – Building a Regional Startup Playbook

Steve Blank

I’m in Australia and just spent time with some great entrepreneurs in Melbourne. This group realized that Australia has a great reputation as one of the world’s best sporting nations. But other critical hypotheses such as activities, resources, partners, channels needed testing offshore. Get seed funding in Australia.

Global 335
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Increase Repeat Purchases with Cohort Analysis

ConversionXL

This post gives you a data-backed approach to win more repeat sales. The most telling cohort, perhaps, is which promotion locked in the sale. Even if the first sale is at no margin—as often happens in competitive niches—the next ones offset the loss. Now it’s time to apply your knowledge—and win more repeat sales.

Retention 126
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30 Entrepreneurs Explain Their Major Accomplishments in 2022

Hearpreneur

The fact that we have been able to overcome the pandemic blues, improve our market outreach, make some well-timed hires and increase our baseline sales (over 30%) is something I am most proud of in 2022. I'm most proud of my professional achievements when I Was a sales manager and managed to build an excellent sales team.