The ways in which customers shop these days and how businesses sell their products and services online have significantly changed over the past 10 years. Every year we see a new trend in e-commerce that influences billions of customers and business strategies. Shopify online store owners shouldn’t miss out on the following trends and it is important to pinpoint the ones that can increase their sales and profits. Online retail has become very flexible due to new advances in technology and platforms. One of the
Have you thought about implementing a price optimization software, yet aren’t sure how your Shopify store will benefit? The investment into a price optimization solution can be a significant one, thus you have to be sure that you're doing the right thing. It's not only about the decision on which pricing solution to buy, but mostly about knowing how to implement it and use it for your day to day business. We would like to share some insights and show you, how you can benefit
Top retailers spend a lot of effort on conversion and price optimization. To learn from them, we've looked at Alexa top 100 e-retailer websites and automatically extracted collective statistics to see, how top sites optimize their product pricing. Our findings can be used as inspiration for improving product pricing and conversion strategies in your own e-commerce store. In this post, we'll summarize current observed trends for questions like: How many products should be linked on your main page? Should you end prices in 99 or .99?
When was the last time you increased the prices of your products or services? It could be about time to identify your price increase opportunities. This topic is one of the most challenging product marketing and pricing topics. A common belief of business owners or entrepreneurs is that by increasing prices they make their customers angry or in the worst case scenario, lose them. We all know however, that it is standard practice that wages, petrol prices or other costs go up in business. The bottom
Have you ever asked yourself how to set the right price for your products or services? The difference between what customers want to pay and what the product is worth can be a tricky part of your product marketing. Small changes in your pricing strategies can increase or decrease your conversions. The best way to find out is to run pricing experiments. In this article we explain why pricing experiments are so important for your e-commerce, how to run them and finally what type of essential