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How To Do Market Research for eCommerce

June 20, 2022June 13, 2022 CoinPayments

eCommerce is booming, and now’s the best time to maximize your online business’s growth and capture more traffic than ever before. For your business to thrive in its industry, you’ll need to know how to do accurate, thorough market research. Market research is a cornerstone business operation across industries, and no entrepreneur or company executive should go without it. Today, let’s break down how you can practice informative market research for eCommerce businesses in detail. How Does Market Research Help Your eCommerce Business? Simply put, market research helps you understand…

eCommerce vs Retail

May 30, 2022May 30, 2022 CoinPayments

The modern market is booming as COVID-19 fades into the background, and both eCommerce and retail businesses have massive opportunities to expand. For many, there’s no better time to become entrepreneurs! If you want to start your own business and make it as a merchant, you have to answer one key question: Will your business be an eCommerce enterprise? If you’ve never owned or run a business before, you may not know what the differences between eCommerce and retail are — or why they matter. Today, let’s take a look…

Optimizing an eCommerce Conversion Funnel

May 23, 2022May 23, 2022 CoinPayments

If you operate an eCommerce business, you need to understand the importance and stages of eCommerce conversion funnels. eCommerce conversion funnels are valuable visualization tools that can help you maximize the profits of your business and streamline the customer journey. Today, let’s break down how you can optimize an eCommerce conversion funnel in detail. What Is an eCommerce Conversion Funnel? An eCommerce conversion funnel isn’t that different from a conversion funnel for a retail or in-person business. In a nutshell, a conversion funnel is a metaphor for the “consumer journey.”…

Why Do Bitcoin Transactions Take So Long?

May 17, 2022May 17, 2022 CoinPayments

There’s no denying that Bitcoin transactions are convenient, flexible, and perfect for facilitating decentralized commerce around the world. Still, one lingering problem has been a facet of Bitcoin transactions since these digital assets’ inception: transaction time. Even with today’s technology, Bitcoin transactions can take quite a while to finalize. Why is this, and is there any way to fix it? Today, let’s break down the answer to both of these questions and more. How Bitcoin Transactions Are Confirmed For Bitcoin to work, transactions must go through a lengthy and complex…

How To Start an eCommerce Business

May 9, 2022April 26, 2022 CoinPayments

Starting a business is tough enough – starting an exclusively online or eCommerce business is even tougher. When you have to deal with matters like shipping, website design, and other challenges, it’s no wonder many would-be entrepreneurs have no idea how to begin their professional journeys! But if you’ve always wanted to start an eCommerce business, you’re in luck. Below, you’ll find a detailed step-by-step breakdown that can help you start an eCommerce business of your very own. Let’s get started! How Can I Start My Own eCommerce Business? Starting…

eCommerce Strategy – What It is and How to Use It

May 2, 2022May 2, 2022 CoinPayments

Whether you run an exclusively online business or have a retail shop you want to expand into the online sphere, eCommerce strategy is crucial. Without understanding how to optimize your site for eCommerce success or market effectively to online customers, your digital business efforts will flounder and potentially fail. Fortunately, there are lots of ways you can practice a good eCommerce strategy, plus specific techniques you can use to see almost instantaneous improvements. If you don’t know where to start, read on – we’ll break down what an eCommerce strategy…

CoinPayments Now Supports Crypto Payments Solutions for BigCommerce Merchants

April 29, 2022May 16, 2022 CoinPayments

For the first time, the CoinPayments app is now available in the BigCommerce App Marketplace, allowing all their merchants to quickly and easily accept crypto payments in over 120 cryptocurrencies. Who is BigCommerce? BigCommerce is one of the industry leaders in the eCommerce space. Founded 13 years ago in 2009, it has over 1000 employees, serves over 150 countries, and supports the businesses of over 60,000 merchants. Overall, they are recognised as one of the best B2B and B2C enterprise platforms, as well as a leader among SMB platforms. This combination…

The Rise of eCommerce in the Metaverse

April 29, 2022May 17, 2022 CoinPayments

The Metaverse is confusing, there’s no doubt about it. Lots of companies are throwing the term around, using it to describe what they are doing, or just trying to figure out how it fits into their business model. One thing, however, is certain. The metaverse will change the face of eCommerce and has already started doing so. What is the “Metaverse”? The term “metaverse” first appeared in the 1992 novel “Snow Crash” but recently came to mainstream popularity when Facebook announced a change in name to “Meta”. As a result…

Beginners Guide To Becoming An eCommerce Entrepreneur

April 25, 2022April 26, 2022 CoinPayments

Guide-To-Become-An-Ecommerce-Entrepreneur_web-1

You want control of your finances, your professional destiny, and to bring something new to the world. It sounds like your ideal career is that of an eCommerce entrepreneur. The eCommerce market offers unprecedented freedom and flexibility, especially for prospective business owners with imagination and the drive to succeed. Anyone can become an eCommerce entrepreneur, but only some will succeed. Not sure where to start? Read on for a detailed guide to becoming an eCommerce entrepreneur for beginners. What Is eCommerce? In a nutshell, eCommerce is any business transaction that…