As the country becomes more diverse, so too should (and does) the workforce. As such, diversity, equity, and inclusion (DEI) initiatives are growing in importance and visibility for companies of all sizes. In fact, according to a 2023 survey for Incfile, nearly 54% of small businesses are making diversity a “key tenant” of their operations.1…
Statistics
50+ Retail Statistics in 2024
Amid economic changes and persisting retail growth, the retail world is changing in terms of shopping habits, consumer preferences, technology advancements, and more. Whether you’re a well-established operation or just starting a business, understanding these changes is vital for your success. In this article, we will look at some retail industry statistics to help your…
7 Eye-opening Credit Card Fraud Statistics
Credit card fraud, the most common form of identity theft in the US, can happen to anyone. It’s a global issue that can cause major problems if you don’t take proper steps to protect yourself. To demonstrate the effects of credit card fraud and how it can impact you and your business, we’ve compiled a…
15 Key Sales Training Statistics to Boost Performance (2024)
Proper and regular training can help sales reps increase their net sales and productivity. Statistics on sales training demonstrate how a well-trained sales workforce can benefit your business.
Most organizations aim for a steady and consistent flow of customers through their sales pipeline. However, there are numerous bottlenecks, obstacles, and challenges to overcome, especially for new or inexperienced sales representatives. Proper sales training can mitigate these issues. Let’s take a look at sales training statistics to understand the impact of a proper training…
41 Omnichannel Statistics for Retailers in 2024
It’s more important than ever to consider your omnichannel retail strategy, which is the seamless integration of every customer touchpoint in person and online. As you’ll see with the omnichannel trends outlined below, consumers already engage in omnichannel shopping behaviors, and retailers are investing in technology that enables it. Omnichannel Statistics Overview If you’re wondering…
29 Temu Statistics for Small Businesses to Know in 2024
Temu is a China-based ecommerce marketplace owned by Pinduoduo Inc., which launched in 2015 and has since gained traction in markets all over the world. Temu is valuable for both consumers and retail businesses alike, offering access to a huge range of products at extremely affordable prices. Let’s take a look at some Temu stats…
31 AI Marketing Statistics for Small Businesses
It’s the talk of the town in every industry and probably the biggest technological development in recent years. Unless you’ve managed to evade all tech news in recent years, you’re likely aware of the meteoric—and still developing—growth of AI aka artificial intelligence. If you want to start using AI for marketing your small business, I’ve…
30 Amazon Prime Day Statistics to Know (Updated for 2024)
Amazon Prime Day, an annual shopping holiday hosted by the world’s largest ecommerce marketplace, happens every year in July and is exclusively available for Amazon Prime subscribers. 2024 was a big year for the holiday—driving tons of sales, new Prime subscribers, and investment in ad spend. Prime Day also presented one of the best years…