TikTok Shop charges a 6% referral fee for every order, up from its original fees of 2% + 30 cents when it first launched in the US in September 2023. By July 1, 2024, referral fees for every order will go up to 8%, with above $10,000 orders for certain product categories slightly lower at…
Ecommerce
Small Business Guide to Accepting Recurring Payments
A recurring payment—also referred to as a subscription payment, recurring billing, or automatic payment—is an electronically processed payment that repeats according to a preset schedule. Businesses often set these up to collect fees for memberships, subscriptions, lessons, and services. The easiest way to accept recurring payments is with an all-in-one payment processor or merchant account…
17 Profitable Ecommerce Business Ideas + Tips to Get Started
As the online shopping market continues to grow at a rapid clip, EMARKETER reveals the ecommerce industry is projected to grow another 8.8% this year, hitting more than $6.3 trillion in sales and 20.1% of the total retail market. What does that tell you? If you are thinking about starting an ecommerce business, the time…
Amazon Pay Review: Pricing & Features
Amazon Pay is a secure and user-friendly online payment processing platform that streamlines checkout for businesses and customers. It lets customers with Amazon accounts use their stored payment information to pay for products and services quickly and securely. Amazon Pay has features specifically designed for online, mobile, and voice (Alexa devices) payments. Other tools include…
What Is Circular Fashion? A Retailer’s Guide
Circular fashion involves designing, manufacturing, and using clothing and fashion products with the goal of extending their life cycles and minimizing waste. On the producer’s end, this can mean sourcing sustainable materials or reusing or recycling materials back into the production phase, rather than being discarded as waste and removed from the process entirely. A…
Shopify Payments Review: Pricing, Features & More
Shopify Payments is a built-in payment processing service that Shopify users can opt to use to access features such as invoicing, card-on-file payment processing, omnichannel sales, chargeback management, and payment tracking. Best for retail and ecommerce businesses using Shopify, Shopify Payments earned an overall score of 4.17 out of 5 in our evaluation of the…
The Lipstick Effect: Small Luxuries Shaping Economic Trends
Are you familiar with the consumer tendency to indulge in small, affordable luxuries during economic downturns? This trend is called the lipstick effect. For small business owners, understanding this phenomenon can unlock new opportunities for attracting and retaining customers, even when times are tough. This guide will show you how to leverage the lipstick effect…
How to Increase Ecommerce Sales: 13 Key Strategies
A sure sign of ecommerce growth is increased sales. It’s way easier to achieve (and is better down the road) than reducing costs or raising prices to increase store revenue. Learn how to increase ecommerce sales by reading our recommended tips below. These ecommerce sales strategies will go a long way toward bringing in greater…