The 7 strategies to make money in e-commerce

The 7 strategies to make money in e-commerce
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To run a successful online business, focus on increasing profits by growing sales in a sustainable way. Here are 7 strategies that you can implement to grow profitably.

Focusing solely on increasing sales while selling online can be detrimental to the health of a business. Instead, it's best to focus on increasing profits by growing sales in a sustainable way. This insight is similar to the idea of selling on credit in an offline setting, which is often detrimental to a business's health.

In both offline and online scenarios, it's important to remember that true success and long-term health of a business comes when people buy willingly, not when they are pushed to buy.

Here are 7 strategies to implement to run a profitable online business

  1. Pricing Power
  2. Improve Conversion Rates
  3. Increase Customer Life Time Value
  4. Reduce Customer Acquisition Cost
  5. Prevent Dead Stock
  6. Reduce Costs
  7. Increase Average Order Value