The economy is in shambles in the United States. With record spending, the wealth gap continues to increase, poverty is climbing, the number of citizens dependent upon unemployment, food stamps, disability or welfare is at record levels. There’s only one sector of the American economy that’s thriving – with well-paid jobs, many job openings, tons of investment funding, and growing sales. That sector is the Internet. With big big box retailers suffering and the government spending money on studies in duck genitalia, the future of the ecommerce boom is looking … Continue reading
Global ecommerce sales are growing at 19% per year and not slowing down anytime soon. This infographic from Forix Web Design compares three of the leading platforms – Magento, osCommerce and OpenCart, to help users choose which ecommerce platform may be the best for their shopping cart site. The three of these platforms are over powering over 30% of the market. While there are plenty more options out there, utilizing a well-adopted ecommerce platform that has a large development and support community may provide you with the edge you need. … Continue reading
It’s always hard to listen to someone selling their products or services tell you that you have to buy their product or service in order to make more money. With the Internet, it’s simply true, though. Fast sites, good tools, great design and a little bit of consulting can truly make or break a company online. The Cost of Poor Web Performance, a SmartBear infographic, highlights the brutal consequences of less-than-awesome load times and poor mobile performance year round.
Choosing where to sell your items online can be a bit like buying your first car. What you choose depends on what you are looking for, and the list of choices can be overwhelming. Community ecommerce sites offer an opportunity to tap into a very wide network of customers but they take a larger cut of the profits. If you wish to sell fast and aren’t worried about margins, they may be your best bet. Ecommerce sites are next, providing out of the box software as a service platforms that … Continue reading
There are millions of ecommerce sites out there and, thankfully, developers, designers and consultants who work on ecommerce sites have tested practically every iteration of product page to maximize conversions. Invesp has published some fairly startling statistics when it comes to e-commerce sites: The average abandonment rate of shopping cart is 65.23% The average conversion rate of E-commerce store is only 2.13% The higher the average order value (AOV) the lower the product page effectiveness rate is For website with AOV less than $50, the effectiveness rate is at 25%. … Continue reading
If you’re in the Ecommerce industry and you’ve not visited the Chase Paymentech Pulse site, you should. Chase Paymentech aggregates payment processing data from 50 of their largest e-commerce merchants. This isn’t survey or polling data, it’s real, live purchasing data from US e-commerce merchants, providing the daily percentage of growth, year over year, in dollar sales and transaction counts. Charting on the site captures overall sales, number of transactions and average ticket size. Their site also provides feedback from top analysts and e-commerce experts. You can also follow Paymentech … Continue reading