- 09 August 2021
- Liam Edwardson
In 1979, English entrepreneur Michael John Aldrich used a domestic telephone line to connect a modified television to a computer. In so doing, he enabled online transaction processing between consumers and businesses, or between one business and another. Thus, online shopping was born. Or as business trades refer to it, electronic commerce or e-commerce.
- 24 May 2021
- Taylor Miller
The bottom line of every small business is anchored on cash flow. Cashless payment systems have become ubiquitous where sales can come through a myriad of new ways. With the rise in secure mobile technology, the growing comfort and ease of online shopping and the benefits of contactless payments, we are living in the golden age of cashless payment systems. And both consumers and retailers are feeling it. In August 2020, a National Retail Federation survey found that 67% of retailers accept some form of no touch cashless payments.
There are, however, many things to consider before turning your business into an all-cashless enterprise — including the pros and cons of digital/mobile payments and contactless credit cards. We’ve rounded up five things you need to know about the move to cashless commerce.
- 01 February 2021
- Leo Covey
If anyone hasn’t said this yet, congratulations! You made it through another holiday season — and probably one of the most challenging ones in history, too. After you give yourself a pat on the back (feels good, right?), it is time to talk about how to turn all those holiday shoppers into something even better: loyal customers. Why waste time and effort focusing on new potential shoppers when, with a couple of nudges, you can bring back previous buyers who already have a great experience with your business? Now, on to those tips!
- 03 September 2015
- Eric Michaels
Small business owners have to weigh the pluses and minuses of promotions in any season, and it may be especially tempting to drop prices in your stores as the summer winds down. Will a Labor Day sale