What is the easiest online business to scale?
Today, a lot of entrepreneurs go online to establish their businesses. The beginner business runners usually find the product niche to sell to their target customers. However, the market is diverse and it is hard to decide what is the most profitable product to sell and ensure stable business growth. Therefore, our article today will suggest some online business types which are considered as the easiest online store to scale. The Simplest Online Business To Scale Clothes And Accessories It is undeniable that clothes and accessories are always essential to the daily life of customers. Along with the development of the eCommerce world, a large number of customers visit fashion store websites to find and buy their favorite outfits. While there are a lot of competitors in this market, it is not difficult to find suitable segments for particular kinds of clothes and accessories. Moreover, these product types can allow you to choose from various suppliers or self-tailor your own design. Online Grocery Grocery products are always in high-demand in recent years and are forecasted to be hot in some upcoming years. This is a super large market with various product types, vendors, suppliers and distributors, which can provide a huge source of stocks for your startups. If you don’t want to import stocks from distributors, you can buy local products at a reasonable price from local producers and then sell them again to the local customers. Local sourcing is the new profitable business model which can support both the local manufacturers and startup businesses. Kitchen Stuff Kitchen stuff maybe something that you have not thought about when coming up with online business ideas. However, it is also a kind of product which can bring you a considerable source of revenue. In fact, the demand for kitchen and dining mats is on the rise and this market segment is becoming large enough for you to earn a profit. Customers tend to pay attention to what can enhance their lifestyles, that is the reason why they are willing to buy a plate with different designs or a cup with various fabrics. You can simply establish a website and sell selected product lines and when you have enough loyal customers, try to expand your business. Online Courses Education is becoming borderless. Nowadays, an American student can freely join courses from a UK institute via internet access and the global market for online courses is larger and more attractive. Thanks to the low enrollment fee, cheap tuition fee and convenience, the need for online courses is sky-high. Therefore, establishing a business that provides online courses for the target audiences is truly promising; and you can enter this market by choosing some academic fields and educational services to form courses. Conducting market research is necessary and whenever you have a certain number of students, you can expand courses to other fields. Apps And Software Have you thought about forming a business to help other businesses? Entering apps and software markets will help you to assist other businesses with your products and services. A lot of businesses take advantage of technical solutions to strengthen their operation, increase profitability, and minimize manual mistakes. You can conduct market research and identify; which are the most necessary functions that the businesses are looking forward to and develop apps and software sticking to those features. Also, you can distribute apps from the developers and earn profit from the discount. Conclusion We have listed out some business ideas which are considered the easiest to scale in this year. We hope you can consider the trends and your own resources to have the perfect business idea and apply it to real contexts.
5 kinds of shortages in 2023 should eCommerce merchants be aware of
The eCommerce merchants dealt with some shortages in 2022 and some of them are forecasted to be last until the end of 2023. Therefore, to help them plan for the stock, materials, products as well as avoid disrupting their selling and losing revenues; our article today will list 5 possible kinds of shortage that can affect your eCommerce business this year. You May Deal With These 5 Shortage In 2023 Semiconductor Shortage In recent years, semiconductor has been in high demand; due to the rapid development of technology, electrical equipment, smart devices and so on. While the semiconductor inventory in 2019 can last for 40 days, that inventory status becomes empty after only 5 days in this year. The conversion between high demand and low supply of chip production has put a lot of pressure on the eCommerce merchants. Moreover, semiconductors manufacturing has less connection with the end-users so it is really hard to estimate the accurate needs. Therefore, the eCommerce businesses who sell products related to this industry, need to find some approaches to avoid overselling as well as strengthen inventory management. Aluminum Shortage Another kind of shortage which can cause a negative impact on your eCommerce selling activities is an aluminum shortage. Aluminum is the primary source of material to make various types of products; such as aluminum cans for the beverage market, aluminum accessories for equipment and so on. Therefore, the aluminum shortage does not only negatively affect the manufacturers but also affects the end-users. Besides the high need of this material, the considerably cutting down on aluminum production in some countries to reduce carbon emissions can cause the shortage. The aluminum overselling is predicted to last till the end of 2022; so the eCommerce merchants, who sell and distribute related kinds of products will need to pay special attention to the sky-high demand and ventilate the good flows. Plastics Shortage The next shortage is no longer strange with the eCommerce merchants in recent years. Due to the destruction of some factories in Texas last year and continuous increasing demands for plastics packaging, the plastics shortage is becoming more severe. The Institute for Supply Management has reported that plastics prices rapidly jumped to 1,5 times. While there are some efforts to reduce the prices and increase supply, the significant demand and increasing tax on imported resins will support this shortage to last in the near future. Lumber Shortage Lumber, which is one of the main materials for construction, is also on the verge of shortage. In fact, the lumber prices have increased by more than 20% compared with last-year prices; which boosted the price of related construction materials by more than 20%. The eCommerce merchants may need to find solutions to tackle this problem; to ensure consistent stock flows as well as enhance customer retention. Some Kinds Of Food The Covid-19 has negatively affected the workers’ health and production productivity so the food industry has been procrastinated. Moreover, the shortages of fertilizer and pesticides also put heavy pressure on the available food ingredients. Therefore, both the food ingredients and final products will be in short supply although the demand will still increase. If you are running an online grocery store this year, the food shortage may bring you a headache. Conclusion Those 2022 shortages really need you to deal with the low-stock with appropriate approaches. If you are running an online business on BigCommerce platform, utilizing the BackOrder app will allow customers to buy out-of-stock items and receive the shipment at a later date. All you need to do is pre-setting the items as a backorder; and the order processing will be conducted as normal when the stock is filled.
Is a visual workflow automation app necessary for your eCommerce store?
Adapting a visual workflow automation app plays a vital role in business operation and development. Various eCommerce stores have achieved desirable successes thanks to automation. However, if you still hesitate to empower your shop by installing a workflow automation app, you can find out clear answers after this article. Today we will figure out the necessities of this kind of app and help you decide whether you should utilize it. Why Your eCommerce Store Need A Visual Workflow Automation App Benefits Of A Visual Workflow Automation App Boost Accuracy All the business runners want to minimize the risks of human errors in the processes; that is one of the main reasons why they choose visual workflow automation apps. For instance, in inventory management, the warehouse staff will need to stay at the storage to control, manage the stocks, and pay special attention to any changes in the stock status. Sometimes, due to the heavy workload or in peak seasons, the stocks become difficult to control and cause mistakes in inventory management that can lead to underselling and overselling. However, with the visual workflow automation app, the warehouse staff or managers only need to observe the updated stock status to adjust selling activities immediately and avoid loss due to poor inventory management. Help Staff Stay Productive The second biggest merit that a visual workflow automation app can bring to your business is boosting productivity. The business processes are complicated due to the combination of various tasks, the workflow automation app can help you to visualize and streamline the procedure according to pre-built or customized workflow. Also, it helps you to operate and run the various tasks concurrently and you only need to stay focused and manage the process. Save Your Resources Businesses may need to pay a large amount of money for human resources; but with the visual workflow automation app, you can cut down on this kind of cost. Some repetitive and busy business tasks can be executed automatically without human intervention; so you don’t need to hire too many employees to finish the tasks. Moreover, multiple tasks can be done at the same time; so you can save on the amount of electricity and human effort. Visual Workflow Automation App You May Need Atom8 If you have an idea to execute business tasks via visual workflow automation, you should not ignore Atom8. Considered as a powerful app for eCommerce merchants, Atom8 covers all the eCommerce tasks and business tasks; including product management, web content management and customer management. Atom8 provides a huge source of workflow templates that you can apply completely to your business operation; or customize to stick to your particular business needs. This app is also an awesome tool to connect the staff together and keep in touch with the managers; as it can send real-time notifications and export real-time business performance reports whenever needed. Klaviyo Klaviyo is a visual workflow automation app that can support you in marketing tasks; such as sending email marketing to strengthen customer relationships and remind cart abandonment. This app also helps you to group customers into suitable customers for effective further communication; which can enhance sales and personalization. Conclusion With the information we have given to you, we hope you can make final decisions on whether to adopt visual workflow automation applications to empower your eCommerce stores with powerful tools.
Top 3 eCommerce workflow automation software for enterprises
Nowadays, expanding automation is a popular trend of businesses. One of the most common and effective approaches to go automation is utilizing workflow automation software. There are various workflow automation solutions for businesses on the market, so the business runners usually find it difficult to choose the best-fitted one for their business operation. Therefore, we are here to recommend to you the 3 most powerful workflow automation software for enterprises which can strengthen your businesses. 3 Enterprise Workflow Automation Software You Should Never Miss Atom8 The first option that we would like to introduce to you is Atom8. This app is really popular with BigCommerce and Shopify merchants; as it can automate their business tasks effortlessly with a huge resource of workflow templates. You can completely adapt all the templates to your operation or try to customize them to fit your business needs. Atom8 can help eCommerce merchants to monitor business tasks, streamline processes and export data to support customer-facing applications, including Mailchimp, Klavyo, and so on. With the content management tasks, this app can automatically hide or publish your posts and products as you scheduled. The business may need to group its customers into suitable segments, and Atom8 will support classification; based on customer behaviors, demographics, purchase history and so on. If you serve various segments, Atom8 can automatically change the prices, purchasability and visibility to adjust the site interface to fit each customer. Your order management tasks will also be improved with the auto-tag orders and real-time notification for the team members. Furthermore, Atom8 possesses a powerful integration ability with popular apps so the staff can stay focused on one place and do various things. Some popular apps that can connect with Atom8 include Mailchimp, Google Sheet, Trello, Klaviyo and so on. Kissflow Kissflow is a supportive tool for your business operation; which can streamline and visualize your processes to help you manage and control the tasks strictly. This app can report and analyze your selling performance, figure out insights and find ways to optimize the processes. You can actively customize your workflow to stick to your business needs in seconds. This app follows Agile approaches; including dynamically assigning tasks to people in charge based on SOPs, developing tasks immediately and launching smoothly. Kissflow is also considered as a powerful app; as it can integrate with other software to ensure your staff can have enough tools to process without jumping among various sites. Moreover, it can strengthen your business communication and create a collaborative workplace by accessing data, connecting staff from different locations and real-time notification to work together. Monday.com If you want to possess workflow automation software that can enhance your workplace collaboration and task management, Monday.com will be a suitable choice for you. Thus, all your staff can stay focused on this software and run your business tasks with appropriate integrated working tools. If you can not find the most fitted workflow for your business ideas, you can customize them in minutes. Sometimes, your workload is extreme and the team members can not decide which task should be done first; don’t worry because Monday.com can help you by prioritizing tasks and balancing demands in accordance with your current resources status. Conclusion Are you ready to upgrade your operation with our recommended eCommerce workflow automation software for enterprises? Also, we hope you can have your own desirable app from our list and you are willing to make a change!
How all manufacturers can benefit from backorder
Recently, backorder is not a strange approach for the manufacturers. This is one of the powerful solutions for a low-cost business model that helps the business runners save a lot of money and effort on operation and manufacture. To make clear the benefits of the backorder for manufacturers, our article today will list some remarkable advantages and detailed explanations. Therefore, the business runners can make decisions on whether they should adopt this approach or not. Which Advantages Backorder Can Bring To Manufacturers? Save Warehouse Space The most transparent effectiveness of utilizing backorder is helping your business save on storage space. When your businesses allow customers to backorder, your inventory may not be under pressure of holding a large number of stocks. Also, out-of-stock status is no longer a nightmare for your selling, especially in peak seasons. Moreover, the business runners do not spend too much time planning and controlling the inventory as normal because backorder is an awesome plan B for any selling status. Reduce Logistics Cost In fact, the cost for storing products does not only include the rental fee but also the maintenance fee, cost for guarantee, and logistic staff. With the backorder, the products are only produced or supplied whenever customers place a new order. Therefore, it can minimize all of the costs we have mentioned. Moreover, the new-manufactured products will be directly delivered to the customers without transporting to your warehouses. As a result, the logistic cost can be cut down and you can spend your budget investing in other profitable things. Minimize The Price As you can alleviate the logistics burden from backorder, you can reduce the production cost of your products. Moreover, backorder also helps you avoid wasted inventory such as idle or deadstock; and you can discount the product price considerably. Therefore, the customers are able to buy your high-quality products at affordable prices. Also, the discounted price is one of the most effective approaches to boost sales and maintain long-term customer relationships. Enhance Product Hype The customers usually have high expectations of out-of-stock and high-demanded products; and they will desire to have those items despite a little longer waiting time. Backorder plays a vital role in enhancing product hype. If your stores have a lot of hot products, the customers will believe that your store is one of the best places to buy products; and they can alleviate their hesitation to shop on your eCommerce sites. The bonus point here is that your stores can attract more new customers thanks to the dynamic selling sites. Conclusion With the five most remarkable advantages that backorder can bring your store above, you can decide whether you should apply this solution to your eCommerce business or not. If you are running a low-cost business, backorder will be desirable for you. Also, you can try the BackOrder App on your BigCommerce stores; to take advantage of backorder completely with simple usage and smooth operation. All beginners are welcomed as all you need to do with this app is pre-setting your products; as backorder and this solution will be automatically activated when the items are out-of-stock.
