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Boasting more than 4.1 million live stores and more than $590 billion generated on the platform since its inception, Shopify is one of the best eCommerce solutions on the market. So, it’s not surprising that setting up a successful Shopify store is a dream for many. But what happens when you outgrow the platform or want to expand beyond Shopify?  From online marketplaces to website builders, there’s a growing list of eCommerce platforms you can tap into to shape your eCommerce dreams. To help you make an informed decision, we’ll break down some of the best options in this article. Website...

By Rachel Andrea Go on February 07, 2023

Imagine you’re standing in line at a store preparing to purchase an item and you have some doubts in the back of your mind. Perhaps you’re worried it won’t match the color scheme of your home, or maybe it’s an article of clothing that, once you try it on later, doesn’t flatter the way it did in the fitting room. As you prepare to check out, you ask the cashier about the return policy — specifically, about getting your money back. The clerk explains the policy, circling it on your receipt so you know what to do if you want a...

By Rachel Andrea Go on January 31, 2023

If you’ve been in the eCommerce world for a while, you know the space comes with its own terminology, methodologies, strategies, and tactics. There are many to learn, understand, and implement to ensure your eCommerce business reaches its full potential. So, to get you up to speed, we’ve put together a comprehensive eCommerce glossary. Let’s dive in. Stock-related terms Bundling: The process of grouping products together for sale. A brand can create a bundle by packing multiple quantities of the same item into one offer, varying products, or both. Product kitting: The procedure of taking individual items in any state and...

By Rachel Andrea Go on January 26, 2023

Automation has become a buzzword in the online selling community. As an eCommerce seller with an endless to-do list, you’re probably wondering: Does automation really live up to the hype? Is automation appropriate for my growth stage? After all, 80% of businesses that are yet to hop on the automation train believe it isn’t necessary for them. But the stats say otherwise. For example, 72% of successful eCommerce businesses use marketing automation, and 31% of businesses’ main reason for using marketing automation is to improve their customer experience. Automation can provide an excellent vehicle to get out of the hamster wheel...

By Rachel Andrea Go on January 24, 2023

2022 was an amazing year for the eCommerce industry, and MyFBAPrep witnessed the growth through our clients and our own business. We’re here with a 2022 recap to showcase what’s happened over the past year. In 2022… $1 billion in GMV The team processed $1 billion in gross merchandise value across our clients. We worked with an impressive brand lineup this past year, ranging from Amazon aggregators and top Amazon sellers, to DTC brands in food, health and beauty, apparel, and more. 10 million units MyFBAPrep processed more than 10 million units in 2022, with most of that being under health...

By Rachel Andrea Go on January 17, 2023

A quick browse through online marketplaces clearly shows that eCommerce is booming. Sellers and brands abound, and orders constantly pour in fast. In fact, the global eCommerce market is expected to reach $8.148 billion by 2026. Unfortunately, the fairy-tale ending remains out of reach: Goods are regularly sent back in droves, with 30% of online orders returned on average. If your returns stats look similar, don’t despair. With the right setup, you can hone your reverse logistics to stay in your customers’ good graces and inspire future sales. In this post, we’ll dive into what reverse logistics is and unveil the...

By Rachel Andrea Go on January 12, 2023

As more players enter the eCommerce market, it’s essential to find ways to stand out. There’s one area that online stores notoriously neglect that can give your brand a competitive edge; fulfillment. Just 28% of people surveyed by DigitalCommerce 360 said they were completely satisfied with their online order delivery experiences. Clearly, there’s a lot of room for improvement, but you may be wondering how to go about it. We’ve got you covered. In this post, we’ll share why upgrading your shipping is always a good move and the best ways to make it happen. Is your fulfillment option causing problems?...

By Rachel Andrea Go on January 05, 2023

This is a contract role with an estimated time committment of 10-20 hours per week at $20-30/hour. The marketing distribution manager will own our content distribution channels, including the newsletter, social media channels, and communities. They will work with internal and external shareholders on a flexible timezone to ensure every piece of content is shared out according to tiers of importance. They will report to the director of marketing, and manage and organize the social media, newsletters, and amplification Asana boards. Responsibilities: Plan, coordinate, and execute content distribution strategies. Monitor and manage engagement on our online channels. Own the social media...

By Rachel Andrea Go on January 01, 2023

If you’re weighing up selling on Amazon, you could be on to a winner. 76% of Amazon sellers are profitable as of 2022, and 69% of brands are pure-play Amazon businesses. One of the secret ingredients to many brands’ success on Amazon is Fulfillment By Amazon, also known as FBA. Each year the FBA service improves, and Amazon’s customer base grows, making FBA a top contender in the fulfillment industry. There are many benefits to using FBA for your eCommerce business. We’ll delve into Amazon FBA’s makeup and why it remains the top international fulfillment provider for eCommerce businesses of all...

By Rachel Andrea Go on December 22, 2022

Whether you run a marketplace behemoth or an up-and-coming eCommerce brand, there’s one thing you can’t avoid. Shipping costs. Rising fulfillment costs remain a cloud over eCommerce businesses, sapping up as much as 18% of every dollar earned. To make the situation even more complex, 62% of shoppers expect fast, free shipping and are willing to back out of purchasing if they consider fulfillment too slow or expensive. Consequently, the hunt is on for a consistent way to drive down fulfillment costs without sacrificing quality. Depending on your business circumstances, your solution could come in the form of zone skipping. In this...

By Rachel Andrea Go on December 15, 2022

Managing inventory is one of the most important aspects of a thriving eCommerce business, but most entrepreneurs have little experience in it when they launch. Effective inventory management can help you optimize how and when you order inventory to reduce overhead, risk, and thus total costs. The calculation most inventory managers rely on for this is economic order quantity (EOQ), which is the order size you need to minimize risks and costs such as holding/storage, shortage, order processing, and waste. You need a considerable amount of data for this calculation, including actual costs associated with holding inventory, the likelihood of risk,...

By Rachel Andrea Go on December 13, 2022

In 2021, almost 20% of global retail sales came from eCommerce, and that figure is expected to grow to nearly 25% by 2025. This highlights the major role that eCommerce plays in business. However, its profitability poses a challenge: 70% of surveyed businesses said they took a hit trying to boost their eCommerce elements during the pandemic (and were unable to do so optimally). To help you stay in the black, we’ll discuss how to measure eCommerce profitability across your different sales channels and why it’s crucial to your company’s success. What does eCommerce profitability measure? Each product category and online...

By Rachel Andrea Go on December 08, 2022