Online marketplaces are becoming more profitable every year, and Magento is the best Ecommerce platform around for creating one of your own.
Longtime websites such as eBay and Amazon, and more recent markets like Airbnb, are proving the value behind this industry.
For some numbers on online marketplace performances, in 2016 they racked in over $1 trillion in total revenue. That number is expected to grow four-times in size by 2020, meaning over $4 trillion in sales across Ecommerce marketplaces.
When operating a webstore on Magento, or any other online platform, Ecommerce product pages are what influence customers the most.
In fact, those who find product pages first when browsing webstores end up making purchases around 8% of the time. Since the global Ecommerce conversion rate is somewhere between 2-3% right now, that means people who come across a business’ other pages first are about three times less likely to take any action.
What’s the best way to sell WordPress plugins and Magento extensions? How to balance service quality with profitability? Where to focus our time? Are our customers happy? As a provider of products for both platforms, these are some questions that haunt us from dusk to dawn.
A recent move by WPMU DEV inspired us at CreativeMinds to reflect intensely about these topics.
Giving Ecommerce customers a store credit line allows them to buy items from webstores and pay the remaining balance later.
This might sound like an extraneous feature to provide, but establishing lines of credit for your customers drives notable results.
Here at CreativeMinds, it’s no secret how much we love both the WordPress and Magento content management systems (CMS).
They are two of the best, if not the best, CMS users will find available on the internet today.
In a Nutshell: Magento is an Ecommerce powerhouse that’s unrivaled in popularity and e-selling features, while WordPress is an adaptable blogging platform that can be turned into a website of virtually any kind.
After decades of loose online legislation and abstract digital data guidelines, the Wild Western days of the internet are ending.
User privacy and data protection are frequently debated issues, especially with the recent concerns regarding morally questionable social media practices. But now concentrated action is finally being taken though the European Union’s (EU) General Data Protection Regulation (GDPR).
Right now, Magento is the most popular and most used e-commerce platform in the entire world. According to Magento’s website, more than 850,000 merchants around the globe choose Magento as their e-commerce platform. The top five countries that utilize Magento the most are the United States, United Kingdom, the Netherlands, Germany and Gabon.
When building an Ecommerce website with Magento—or updating an ongoing one—Magento extensions are what will bring your online operation to the next level.
As their name implies, Magento extensions are designed to extend the full capabilities of a Magento website. This includes everything from enabling better customer and product management features, to processes that automatically create and distribute custom coupons.
The eCommerce market is increasing at an unprecedented speed all over the world. That’s why, if you are aiming to take your online store to the next level, it’s necessary to focus on your website development and promotion.
Magento 2 is a powerful eCommerce platform developed precisely to help with that, assisting store owners to sell items and services and boost online businesses globally.
Every Magento merchant must establish a Magento payment gateway for their website before they’ll be able to sell products online.
For a quick definition: Payment gateways are Ecommerce services that process the credit card data of online customers and their banks. These enable people to make credit card purchases without requiring the physical reading of a card, thus enabling online transactions.
Migrating Magento versions from Magento 1 to Magento 2 sounds like a hassle of a task (and truthfully it can be), but it has also become a necessity for all online businesses using the platform.
While Magento 2 has been around for a few years now, the original version of the Ecommerce platform has remained viable (though grows more antiquated day-by-day).
For the last 10 years eCommerce is rapidly gaining the speed with a focus on building customer relationship and promoting small businesses globally. These days business owners everywhere know eCommerce works as an effective tool for building a profitable store.
What is eCommerce?
In the era of growing eCommerce businesses, customers are still worried about entering credit card details unless a store owner can prove that the checkout process is safe and secure. What makes a successful online checkout? Developing a store credit line is one of the key factors that will let your customers purchase goods without doubts and worries by entering credit card credentials.
Magento is one of the top e-stores for creating and managing a successful eCommerce business. Users can offer thousands of products with excellent customer service, ordering, shipping, etc and all for affordable prices. Whether your Magento store is growing slowly or exponentially, there are a few ways to make sure your store is running efficiently that you may not have thought of.
Maintaining its position as the most popular dedicated Ecommerce platform in the world, Magento is growing steadily into 2019.
Along with Magento’s in house team, the platform has a community of over 315,000 developers contributing to the platform’s growth. But as it is always evolving, it’s important users of Magento remain informed on what’s to come in order to best plan their future eCommerce selling strategies.
Order management in Magento 2 is the core of running a successful online store. You can get dozens or hundreds of orders every day, but your profit depends on how you will manage all the orders within a short period of time, so you are able to spend time on more important issues.
Magento is a wonderful eCommerce platform that empowers brands to quickly grow and be successful. There are hundreds of Magento extensions to choose from, but only a select few that are truly essential to eCommerce success and improve both your website and online presence overall.
Out-of-the-box, Magento orders are an effective way for users to receive and manage customer purchases—but they’re far from perfect.
The default process for orders have a range of hassles that slow down order management, and create delays in the customer purchasing process. Thankfully, being open-source software, Magento is compatible with a range of extensions that provide faster orders.
Whether you’re looking to build your first online business, or are simply thinking about exploring new Ecommerce tools, there are tons of options when it comes to Ecommerce platforms as we enter 2019.
If you’ve done any prior searching around, you’ve probably come across the names Magento and OpenCart. They’re two of the most common Ecommerce platforms used to create online businesses, and they’re among the most effective.
After installing Magento for the first time, it’s easy to get a little lost with everything that comes next.
(If you need information on how to install Magento’s latest version for yourself, look here)
Installation was only the first step. Now it’s time to get your website ready to go live by adjusting it settings, establishing its design, and finding any extensions it may require.