Configuring Your Site Archive

  • A common question when someone is setting up a new business is about the mark up percentage on their inventory, and if it’s been done correctly. There really is no wrong answer! There are some strategies that could come into play, and should be considered before really setting up the store. Certain forms of marketing will be less competitive than others and you can see large mark up opportunities like 120-150%. Other forms of marketing will be much more competitive, a dollar could be the difference in selling an item or not and you can still make money with a 35%...

    Pricing your inventory

    A common question when someone is setting up a new business is about the mark up percentage on their inventory, and if it’s been done correctly. There really is no wrong answer! There are some strategies that could come into play, and should be considered before really setting up the store. Certain forms of marketing will be less competitive than others and you can see large mark up opportunities like 120-150%. Other forms of marketing will be much more competitive, a dollar could be the difference in selling an item or not and you can still make money with a 35%...

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  • If you are like most people, you probably chose the path of least resistance when setting up your web store and used the auto-populate feature of the back office.  While this may be easier and quicker to do, you may not get the most "bang for you buck".

The auto-populate feature was designed simply to get your site up and running effortlessly and quickly.  You choose a markup percentage and click a button and the system automatically fills your store with inventory like magic!  However, the same mark up percentage isn't appropriate for all products.

    Are Your Maximizing Your Profit Potential With Your Webstore?

    If you are like most people, you probably chose the path of least resistance when setting up your web store and used the auto-populate feature of the back office. While this may be easier and quicker to do, you may not get the most "bang for you buck". The auto-populate feature was designed simply to get your site up and running effortlessly and quickly. You choose a markup percentage and click a button and the system automatically fills your store with inventory like magic! However, the same mark up percentage isn't appropriate for all products.

    Continue Reading...