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Kapil Panchal - December 29, 2022

Retail vs. Wholesale E-commerce Development: Key differences to know in 2023

There are many ways that retail and wholesale business models differ from each other. Retailers sell products directly to end consumers at retail prices. There are no minimum order quantities. Customers can purchase a single unit or multiple units. Wholesalers, on the other hand, sell to retailers rather than consumers. Wholesalers sell products at a lower price per unit than retailers because they sell in larger quantities. Though they serve the same purpose they differ when it comes to selling...

Kapil Panchal - December 28, 2022

Cost Reduction Strategies for E-Commerce businesses in 2023 - PART 2

E-commerce stores are essential for Retailers as they allow them to reach global audiences quickly and effectively. Being available online 24*7, they allow users to access various products anytime, anywhere on any device and shop them comfortably. Moreover, they provide users with detailed product information and reviews before making a purchase. Maintaining an e-commerce site may be inexpensive at first, but as the business grows, so does the complexity and expenditures. Therefore, proper...

Kapil Panchal - December 26, 2022

Cost Reduction Strategies for E-Commerce businesses in 2023 - PART 1

Reducing operational costs is important for e-commerce businesses because it can help improve profitability, competitiveness, and customer satisfaction, which are the key factors for success of an e-commerce business. This would help them to invest in marketing and other essential activities to increase their customer base. Periodic evaluations are essential for increasing sales, improving returns, and increasing customer satisfaction. Adopting new technology and applying data analytics is...