The basics to have in place for your online store and brand. What not to miss in your daily tasks. What activities to make an indispensable part of your strategy.
Managing an eCommerce store is partly about product innovation and partly about marketing. One of the advantages of modern eCommerce tools is that you can decide whom to sell as well as how to do it.
In fact, this has opened an opportunity for many online store owners where they sell to both retailers and end consumers. In this article, we will look into some of the opportunities that you can explore with an WooCommerce wholesale store and ways to execute them.
You are launching your own brand. Great! You want it to fill a gap in the market and want it to become a lovemark.
You know that to get there you need to be customer-centric to the bone because modern brands cannot afford to have anything else as their number one priority but customers.
This is something we can help with.
For ecommerce brands, customer-centric means putting the customer first and making their experience the top objective. Customer centricity can be called a strategy since it’s not how all companies choose to do things, it’s not the default.
If you read the Metrilo blog often, you’ve noticed we preach profitability and sustainable growth for ecommerce companies. We see so many companies go out of business not because they don’t have sales, but because they don’t make any money! Yes, that’s right. Sales don’t automatically mean you earn money.
How much do you make on a sale?
That’s the gross profit margin formula, this is what you make from each product.
This is the net profit margin formula, what you earn after all costs and expenses of the business.
Now, we are not experts on interest rates and taxes, so we can’t give you advice on how to lower those. But we can help when it comes to sales, marketing and how to optimize it to get better profit margins.
Food packaging is a fickle thing. On the one hand, unique and eye-catching packaging is needed to stand out and be seen. But on the other, brand loyalty can be so fierce that even the most awful packaging redesign won’t scare off customers.
No matter which way you look at it, consumers are increasingly harder to please and surprise.
Add on other factors like sustainability and convenience, and suddenly you can see that quality food packaging is more than just a plastic bag.
Here are several ways unique packaging for food grow and evolve in recent times, and how we see it changing in the future.
Despite being an influencer is the dream of almost everyone on Instagram, influencer marketing is facing challenges. Trust in influencer posts on social media is declining sharply, with only 4% of people believing what they say.
But we don’t discourage you to use influencer marketing in your marketing mix. It makes perfect sense for consumer brands because of its precise targeting and lifestyle fit.
We only remind you to track the performance of influencer ROI closely in order to have your budget under control and generating the results you want.
So let’s go over the basics of influencer marketing from your point of view and how you can stay on top of it.
Tim Ferris was only able to become successful and famous for his 4-hour work week because he delegates his daily tasks to subordinates who handle everything for him. He doesn’t do the nitty-gritty of everyday operations himself and you don’t have to, either.
In fact, the sooner you delegate those time-consuming tasks, the better manager you will be because you’ll free up brain capacity for more long-term strategic thinking and creativity for building your brand.
What you gain when delegating: