In the manufacturing industry, the concept of ‘product’ once meant that all the processes would take place under a single company’s banner. This process had a lot of advantages as it reduced the manufacturing cost and reliance on others. But over time, the manufacturing concept has undergone multiple changes adding to the benefit of the multinational organizations. Today, the product …
In the online world, you must have come across some book, application, or tune that you like. But the owner requires you to pay a certain amount to use it and you’ve made the payment for it. Marketers call it micropayment in the e-commerce world. A micropayment is a minimum amount that you have to pay to use the product/service. …
Factors like growing population, steep economic condition, expensive, and scarcity of natural/other resources have made people realize that they should lower the consumption. As the wave of realization started spreading, it has attracted the attention of young startups and entrepreneurs. They saw it as an opportunity for growth and came up with a different solution. You can go to work …
What is a Marketplace? A marketplace is an online store or a platform that facilitates both buyer and seller in many ways. An online marketplace is just like an e-commerce website or mobile app where sellers meet buyers and offer products and services. The website is responsible for all the transactions i.e. payments, transactions and process. Definition. According to the …
Dropshipping business revolutionalizes the e-commerce business, where you facilitate the sale by using your platform. But you don’t have to maintain the inventory cost, factory overheads, and other fixed and variable costs. In the dropshipping business, you display the products’ catalog of suppliers, when customers place orders; you transfer the order to the suppliers and get the product delivered to …
Planning, arranging, and organizing is a tiresome and time-consuming activity. You must have come across a situation many times, where you’d have thought that someone else would have done everything for you. You just want to relax and enjoy your holiday. Companies and private individuals specialized in personal assistance services; they would help you as long as it stays within …
Traditionally speaking, the concept of having a store means that you have to maintain a stock of inventory so that you could make the product available to the customer when he orders for it. But in the online world, dropshipping is a bit different; you don’t have to maintain the stock of inventory. You just have to display the list …
We live in a digital world and we contribute approximately 2.5 quintillion bytes of data almost every day, and 90% of the digital insight of the whole world is created in the last 2 to 3 years alone. If you know how to use digital data, then it helps you to increase profitability, business growth, and business efficiency. If you …
What is PEO? Professional employer organization (PEO) is an outsourcing company that offers services like HR, payroll, risk mitigation, training, learning and development, employee’s compensation and insurance, workforce management technology, taxation and filing, compliance assistance, health and benefits, retirement vehicle, employers practice, and liability claim. In simple words, it offers its services to small businesses, where the small business and …
Whether it’s a big business project or small, when it comes to making a decision, or you have to choose one option out of many. Then it’s not always easy. However, data analysis is a great process of analyzing piles of data and extracting the most relevant information from it. So that it would make a good choice. Today we’ll …
