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Overcome geographical boundaries If you have a physical store, you are limited by geographical area that you can serve. With an e-commerce platform , the whole world is your playground. Additionally, the advent of e-commerce on m-commerce, i.e., mobile devices, has dissolved every remaining boundary of geography. Get new customers with search engine visibility Physical retail is driven by branding and relationships. Apart from these two drivers, online retail is also driven by traffic from search engines. It is not uncommon for customers to follow links in search engine results and land on an e-commerce website they have never heard of. This additional source of traffic may be the tipping point for some e-commerce businesses. Lower costs One of the most tangible positives of e-commerce is low cost. A portion of these reduced costs can be passed on to customers in the form of discounted prices. Here are some ways that the cost of e-commerce can be reduced: Advertising an

Starting any  ecommerce  business is fairly simple, and also does not require much initial investment. There are a number of variables that need to be in place though, and so entrepreneurs need to think this venture through. Unfortunately, the failure rate for e-commerce businesses is as high as 80%.  To succeed in this field, one needs to closely examine the reasons why e-commerce business fail. Lack of cash flow - Excessive competition - Poor website - Bad photography - Inappropriate pricing - E-commerce platforms For any business to run profitably, it is important to allow easy inward and outward movement of cash. If a new company does not adequate operating cash, it is a major reason why e-commerce business fail. Solve this problem by analyzing your expenses and spreading them across days. While deciding to enter into a segment of online retail, ensure that you conduct thorough research on competitors in that market. This will help you understand d

To manage your supplies and food inventory requires diligence, but when done correctly, you can reduce food wastage and save money. Below we take you through 7 tips to ensure successful inventory management. 1. Use a POS System, and Take Inventory by Hand A POS system offers many advantages, including data forecasting, order planning reports, integrated accounting, and automated inventory tracking based on customer orders. However, it is not responsible for other sources of inventory loss, such as spoilage, outbreaks, inefficient or incorrect food or beverage preparation, customer complaint resolution and theft. Unless the information is manually entered, a POS system is unable to take into account the above scenarios. Therefore, taking inventory by hand ensures a more well-rounded, accurate report 2. Keep the same staff member (track) inventory Designate some people to take over your inventory , such as managers and chefs. This will make it easier to identify anomalies.

The last decade has seen many technological advances in known payment environments. The introduction of the point of sale system has changed the payment experience replacing cash registers in many scenarios. Credit cards have become a preferred method of payment and more merchants are working towards accepting them. But one technology that has made a huge change is the mobile point of sale (mPOS) . According to a report by 451 Research, the global mPOS installed base will increase from 13.3 million units this year to 54.03 million units in 2019. A typical mPOS solution allows merchants to accept credit card payments anywhere, anytime. They can sell baked goods at a farmer's market, assisting customers inside a retail store to complete or finish a construction project at home. Today's mPOS solutions come in a variety of different flavors, fully integrated with standalone solutions, and run on a wide variety of devices, ranging from smartphones to tablets to wireless term