When you are running an e-commerce store, how do you measure your success?
New companies often face unique challenges. Specific strategies, such as identifying product strengths, adjusting pricing, or acquiring another business, have historically been used to get a small enterprise off the ground. Understanding these business strategies, and skilfully implementing them, can help entrepreneurs achieve success.
Global organisations downsize for a whole raft of reasons, and not always disconnected from the demands of shareholders. But at the SME level it’s often a financial necessity for keeping the business or department afloat. That said, it also comes with a number of sometimes unforeseen downsides that can be exacerbated by a poorly planned downsizing strategy.
To compete for the attention of today’s customer, you need to be selling far more than just a product, especially when you have so many other brands, products, and services to compete with. In-order to attain and keep this attention, brands must be creative and sell far more than a product an experience.