Categories
Ecommerce

What is Flash Sale? [Video]

One way to attract consumers to purchase your products is to sell them at a lower price. But if you want to boost traffic to your online store and increase sales quickly within a short duration, you can use flash sales as a money-making promotional strategy.

What Is a Flash Sale?

A flash sale is where an eCommerce store sells specific products at a substantially discounted price for a very short period. Discounts typically range from 50% to over 75% of the product’s regular retail value. Most flash sales usually run for at least three hours, while others last up to a few days. 

Because of the large price reduction and the limited time to purchase items, this strategy creates a sense of urgency in consumers. It appeals to the consumers’ fear of missing out (FOMO) and compels them to buy on impulse.

Just like livestream shopping, a flash saleis one of the most popular marketing tactics eCommerce stores use to …

Watch/Read More
Categories
Ecommerce

Innovations can take your eCommerce business to the next level! Watch out for these highly anticipated innovations that will help make running your business easy. Learn from Martin Ronfort, Founder of Dr Tech, as he shares what’s really important to customers and their online shopping experience, an overview of 10 major upcoming eCommerce innovations, and how these innovations can help online businesses thrive in 2021. Link to the report from Global Web Index: https://paynr.co/3rH8heKList of investments in 2021 : https://hellodr.tech/investment2021s1Dr Tech : https://hellodr.techeCommerce UnderCover: https://ecommerceundercover.comTDPK Start Up program: https://www.truedigitalpark.com/en/startup-support/tdpk-startup-booster🌎 Join the community of millions of like-minded entrepreneurs!LinkedIn: https://www.linkedin.com/company/Payo...Facebook: https://www.facebook.com/PayoneerTwitter: https://twitter.com/PayoneerInstagram: https://www.instagram.com/payoneer/Blog: https://blog.payoneer.com/Online forum: https://community.payoneer.com/📰 About Payoneer’s mission is to empower businesses to go beyond – beyond borders, limits and expectations. In today’s digital world, Payoneer enables any business of any size from anywhere to access new economic opportunities by making it possible to transact as easily globally as they do locally. Payoneer’s digital platform streamlines global commerce for millions of small businesses, marketplaces and enterprises from 190 countries and territories. Leveraging its robust technology, compliance, operations and banking infrastructure, Payoneer delivers a suite of services that includes cross-border payments, working capital, tax solutions, merchant services and risk management. Powering growth for customers ranging from aspiring entrepreneurs in emerging markets to the world’s leading digital brands like Airbnb, Amazon, Google, Upwork and Walmart, Payoneer makes global commerce easy and secure. Founded in 2005, Payoneer has a team based all around the world.https://www.payoneer.com/