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eCommerce

How Important are Weekly New Arrivals for Your Clothing Store

Posted by Nedina Gjorgjieva | May 11th, 2022
In this day and age, the fashion industry has qualified among the top-earning niches on a global level. As a result, the number of business owners investing in both traditional and eCommerce apparel stores only seems to go up. In the US, for instance, as stated by Statista, clothing stores are expected to reach over 180 billion USD in revenue in the next two years, proving that this segment of the market is indeed a highly profitable business worth giving a try. However, in order to benefit from maximized profits and enjoy great success, your clothing store will require implementing smart strategies that’ll help you in presenting your brand with a spectacular image and secure an impressive reputation. These strategies must take into account the current ins and outs in the fashion world, bear in mind the competition, but, above all, consider your customers’ preferences. One such strategy that has shown to have great success rates consists of bringing new arrivals into your clothing store.  That being said, in this article, we’ll concentrate on giving you a thorough explanation of how influential can weekly product updates be for your clothing business. Why is it important to introduce new products? What are the main benefits they bring? How can they improve customer retention? We provide the answers to all of these questions by offering you a very-much useful and comprehensive analysis of this subject. 

eCommerce

9 Shopify Alternatives for your Online Clothing Store

Posted by Nedina Gjorgjieva | May 3rd, 2022
When deciding on launching an online clothing store, or choosing to expand your business in the eCommerce world and transform it into a click-and-mortar business, one of the very first things retailers must resolve is choosing the right eCommerce platform to host their website. When it comes to picking outbuild a web-building software, there are many things to be considered: feature variety, plugin options, prices and budget goals, inventory, and payment management, to name a few. Holding the title of one of the largest global eCommerce platforms, Shopify is usually among the first choices. It offers a great tool assortment to help you build an impressive and attention-grabbing virtual storefront that’ll allure many visitors and convert them into loyal customers. With over 1.75 million merchants that sell their products by using the platform’s services, Shopify can without a doubt open your way for eCommerce success. However, despite being a popular option, Shopify may not always be the best option for all prospective online retailers.  Regardless of the reason why the platform isn’t the most suitable choice for everyone, having a few other possibilities up your sleeve can save you the trouble of searching for other well-qualified eCommerce platforms. That being said, we’ve taken the time to collect a few more platforms and offer them at your disposal. There are plenty of Shopify alternatives that can provide you with customizable website building, affordable subscriptions, multiple add-ons, and great scalability such as the ones we’ve gathered below.

Dropshipping

How Important is Setting your Own Dropshipping Profit Margins

Posted by Nedina Gjorgjieva | April 29th, 2022
Managing a dropshipping store involves several essential duties, including taking care of order processing, dealing with delivery services, taking charge of product advertisement, understanding the difference between SKU vs UPC, and creating such product identifiers, to name a few. It’s important that all of these tasks are carried out successfully so that your dropshipping business can prosper and generate great profits. However, regardless if you're following the traditional or the reverse dropshipping model, to be able to reach the desired dropshipping income, you must pay attention to something of equally great importance - setting your profit margins. In simple terms, the profit margins define your business’s financial gains. If they’re high, you’d benefit from bigger revenue. If they’re low, clearly, you’d get smaller earnings. In order to establish profit margins that would be to your dropshipping store’s advantage, you’d have to take into account the wholesale price of the product as charged by the supplier, the retail price you’ve set, and any type of expenses you might endure, such as shipping costs, as well as consult price comparison websites. However, if you’re a newbie to dropshipping, we won’t blame you if you get lost in all of this information. Calculating profit margins can seem complicated and confusing at first. That’s why we’ve put together this article to provide you with all the key details you need to know when determining your profit margins. In the following parts of the article, we’ll give you a thorough definition of what a profit margin represents and how you can easily calculate it. However, we’ll focus on elaborating on the importance of designing your own profit margins and how that can have an effect on your store.

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