Author: Dailyusastory

There are two ways to create an online store: use an ecommerce website builder or hire a web development company. Which method you choose has an impact on your online store cost. Ecommerce website builders are typically the least expensive way to start an online store. Using free, open-source platforms may seem attractive, but you end up paying for hosting, themes, plug-ins, and even help from a developer if you have specific needs—all of which can increase your total cost. Ecommerce website builders are best for: People with limited technical know-how People who need to build a website fast Pricing…

You don’t need to produce products to be an online retailer. In fact, many popular ecommerce strategies don’t require manufacturing at all. One such business model is known as private labeling. Retailers work with private-label manufacturers to create unique products for their brands. Those private-label products are then shipped to a fulfillment partner, to the retailer for stocking, or directly to consumers.  Private-label products are great for brands that have an established audience and want to expand their product catalog. Developing and selling private-label products is also a lucrative way for entrepreneurs to make passive income. In this post, discover some of the…

Researchers from the University of Würzburg and the Max-Planck Institute for Human Development trained an AI model to detect lies and it could disrupt the way we engage with each other. Humans aren’t great at telling whether a person is lying or telling the truth. Experiments show that our hit rate is around 50% at best and this poor performance dictates how we engage with each other. The truth-default theory (TDT) says that people will typically assume that what a person tells them is true. The social cost of calling the person a liar is too big a risk with…

AI is upending keyword research and analysis for search engine optimization. I’ve addressed AI’s ability to generate new terms and identify search intent for an existing term. Yet the industry continues to innovate and evolve. Here are three AI tools for analyzing keywords, target audiences, content, intent, and more. TermSniper TermSniper identifies search intent for any keyword and suggests content tips for optimizing. Type a keyword, and the tool will provide an analysis. I typed “best web hosting.” Here’s TermSniper’s analysis: The primary search intent of this search term is to find and compare the best web hosting services available in…

An Amazon marketing agency specializes in helping businesses and brands optimize their presence and sales on Amazon. These agencies offer a range of services designed to enhance visibility, drive traffic, and increase conversions on the Amazon platform. Here are some key services an Amazon marketing agency typically provides: Key Services of an Amazon Marketing Agency: Product Listing Optimization Title Optimization: Crafting compelling and keyword-rich product titles. Bullet Points and Descriptions: Writing clear and persuasive bullet points and product descriptions that highlight features and benefits. Backend Keywords: Identifying and adding backend search terms to improve discoverability. Enhanced Brand Content (EBC): Creating…

Dropshipping is a good way to source products without much investment. Unfortunately, this seemingly turn-key model has little barrier to entry and thus attracts many competitors with razor-thin margins and no clear way to differentiate. Yet creating a successful dropshipping business is not impossible, provided the would-be entrepreneur understands the growth and profit challenges. Dropshipping Boost I once heard ecommerce dropshipping described as “the perfect business model for anyone who wants all the stress and frustration of running a business without any of the pesky profits to worry about.” While this description is a little unfair to an industry with…

A security breach at OpenAI exposed how AI companies are lucrative targets to hackers.  The breach, which occurred early last year and was recently reported by the New York Times, involved a hacker gaining access to the company’s internal messaging systems.  The hacker lifted details from employee discussions about OpenAI’s latest technologies. Here’s what we know: The breach occurred early last year and involved a hacker accessing OpenAI’s internal messaging systems. The hacker infiltrated an online forum where OpenAI employees openly discussed the company’s latest AI technologies and developments. The breach exposed internal discussions among researchers and employees but did…

In a sense, Shopify’s financial overview is similar to Amazon’s. Both derive the most profit not from their core products but from complementary services. Amazon’s cloud computing division, an outgrowth of its marketplace infrastructure, accounts for over 60% of gross profit. Similarly, fees to access Shopify’s core SaaS platform — called “Subscription solutions” — accounted for less than half of gross profit in Q1 2024. Shopify’s “Merchant solutions” — almost entirely Shopify Payments, its credit card processing service — produced roughly 70% of revenue in Q1 and 56% of gross profit. Total revenue for Q1 — Subscription solutions plus Merchant…

Fraud is something every business owner has to contend with. A recent Cybersource report found that 2.9% of all ecommerce revenue is lost to fraud—meaning out of every $10,000 your business generates, you could potentially lose almost $300 to scammers. A fraud prevention strategy helps minimize losses and deter scammers from targeting your online store. With the right fraud prevention measures in place, you can block fraud automatically, saving you hours each week manually reviewing orders. This article shares how to create one, the types of fraud to look out for, and effective fraud prevention measures that will protect your…

As a business owner, you’re intimately familiar with sales. But when, specifically, does a sale occur? Is it when you receive cash or when a customer payment hits your bank account?  Or, is it when you deliver an item, perform a service, or when the customer receives your invoice? Recognizing revenue is not just posting the money that flows in. Various factors must be considered, and specific events must occur. Fortunately, accounting rules spell out when to record revenue, and this article covers the details. What is revenue recognition? Revenue recognition is a set of accrual accounting rules (we’ll discuss…