article thumbnail

Ecommerce in 2025: How Data Quality Powers Growth and Customer Satisfaction

Retail TouchPoints

When integrated with platforms like CRM, ERP and supply chain management systems, clean address data flows smoothly through all operations from payment processing to warehouse management and inventory tracking. Geocoding can also assist with routing, directing customers to their nearest stores or service centers.

article thumbnail

Elevate your e-commerce game: Essential tips for thriving in 2024

Inside Retail

Invest in technology that allows for real-time synchronisation of inventory, pricing, and customer data, providing a unified experience regardless of the platform. This year, leveraging artificial intelligence (AI) for personalised recommendations, targeted marketing, and tailored shopping experiences is a game-changer.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

You Can’t Spell Retail Without AI

Retail TouchPoints

From backend inventory optimization to identifying salesfloor hotspots to highly targeted marketing programs, we’re seeing an influx of great retailing practices, all being driven by AI. It’s been shown to increase revenue by up to 22% and lift profits by 8%.

Checkout 306
article thumbnail

Understanding eCommerce Business Models: A Guide

Wiser

The Fundamentals of eCommerce Business Models An eCommerce business model is a strategic business plan, outlining how an online business will generate revenue, identify the targeted customer segment, and deliver value to said customers. Platforms like eBay and Craigslist facilitate such transactions.

article thumbnail

What is a Niche Market?

Small Biz Trends

Unless you offer premium prices for your products and services serving a smaller target market, it can sometimes make it harder to earn good profits. Potential for competition to crop up: Business e ntry requirements in a niche market are often relatively low and do not rely on significant investments.

Marketing 139
article thumbnail

Competing for a more discerning dollar

Inside Retail

Asking whether these market-wide shifts reflect your customers’ behaviour can help strike the right balance across channels to capture sales. Tools like CommBank’s DailyIQ^ platform, which analyses business transaction data, can help provide actionable insights to answer these questions. Customer at the centre.

article thumbnail

How Wholesalers Can Jumpstart Expansion Efforts

Independent Retailer

Expanding internationally can have a significant impact on many areas of a business. Year-over-year revenue growth, increased brand reputation, and new customers across multiple geographies, among other additional opportunities. Build an International Marketing Campaign. Provide a Variety of Online Payment Options.