Tag archive for ‘business’

What Does the Future Hold for Your Retail Business with Fintech?

by Admin - on Jun 8th 2017 - Comments Off on What Does the Future Hold for Your Retail Business with Fintech?

Retail Commerce sales chart on a computer monitorFinancial technology is on the cutting-edge of retail business. Whether you run a brick-and-mortar shop or an online store, you’ll recognize the various ways consumers transact with your brand.

Fintech platform Vyze relates that customers expect financing experience in-store to be simple and stress-free. Fortunately, this year’s trends in fintech gives way to improvements in accessibility, speed, and security in every transaction.

Efficiency, Consistency in Buying Cycles

Consumers are buying differently today—online and offline. With unstoppable mobile use for almost every transaction, the fintech industry responds with better systems and tools that improve the shopping experience.

The focus here is on reducing the friction in the customer journey, from shopping to paying. This means personalizing the buying cycle to streamline it from the customer’s perspective. To do this, businesses evaluate the customer journey, look for points of improvement and find new methods on how to further enhance customer transaction.

For every stage in the customer journey, your shoppers can use an app. If they want to add items to their shopping cart, but checkout hours later, there’s an app for that. If your shoppers prefer a highly personalized experience, they can allow access to their social media profile so you can create a customer profile. A step ahead of that is contextual commerce enabling shoppers to purchase direct from their social media accounts.

The Rise of Digital Payments

As technology evolves and investors fund startup fintech companies, businesses and customers gain from innovation. Such innovation allows for shops to offer, for example, flexible financing options (e.g., buy now pay later, installment plans, etc.) to consumers in a quick, simple process. Amazon is one brand that uses this strategy.

Today’s payment systems also work on implementing varying levels of security to ensure the identity of the users. This is done through authentication measures that protect both the business and the customer.

Facial Recognition Adoption in Mobile Payments

With most payment transactions occurring online, it’s only natural for customers to demand security and protection for their information. Biometrics scanning could provide that security. The future may eliminate the need to type in a password or pin number to authorize payment for purchases. Samsung is, in fact, releasing a device that combines fingerprint, facial, and iris detection to confirm users.

Fintech continues to emerge as an invaluable partner for stores. Whether it’s personalizing experiences or securing payments, fintech platforms can custom-fit your retail business for success.

Three Ways to Dominate the Online Retail Game

by Admin - on Apr 6th 2017 - Comments Off on Three Ways to Dominate the Online Retail Game

A Woman Shopping Online

Starting an online retail store is a good business idea, especially now that Google’s algorithm has stronger support for local businesses. As most shoppers these days typically use the Internet to buy whatever they want, there is no better time to join the action than now.

Here is some information you can use to increase your chances of success with your online store.

Know your way around pricing

If you carry products from brands you do not own, you should know how much the going prices for the goods are at all times. You may subscribe to an online service that monitors MAP policy enforcement as it is impossible to keep tabs of prices manually. Minimum Advertised Pricing or MAP carries an impact on how much you may earn, as it dictates how low you can go with a particular product to remain competitive.

You may still come up with a workaround on the pricing, however, but be careful how you do it so you don’t break the policy yourself. For example, you may advertise coupons without specifying which products the coupons may be used on if the discount is lower than the MAP for that product. Rather, specify which products the coupons may not be used on.

Work with a reliable delivery service

Working with a delivery or courier agency without knowing how well they can handle your business is risky. Customers are not patient when it comes to delays or damages in the goods they order. When you promise overnight shipping, make sure to do overnight shipping. To make your store even more popular, offer free shipping. This is another way to work around a MAP, actually. Some online stores try to make a profit off the shipping fee, but that is just a bad business practice and you should stay clear of it.

Use reviews and listings to your benefit

Google puts a high premium on reviews and listings, and customers get more value out of them. If you are getting bad reviews left and right, something must be wrong and you should address it immediately. If the positive reviews start coming in, those alone are good for advertising and marketing. As for listings, the more listing websites your business appears on, the better. Google understands that these listings all belong to one website or business, and it interprets this as a positive. You need that for your SEO success.

These are three pieces of advice that many new online store entrepreneurs do not know about, or at least do not practice. Use them to your benefit and give your business a better chance of making it big.

 

Improving Function: Effective Ways to Upgrade Your Hotel Business

by Admin - on Feb 17th 2016 - Comments Off on Improving Function: Effective Ways to Upgrade Your Hotel Business

Hotel Improvements in West JordanAs a hotelier, you must ensure that guests are happy and satisfied with their stay. One good way to achieve this is to do some upgrades and renovations to your hotel business. To help you decide on what type of remodeling service your hotel needs, here are some quick suggestions you might want to consider.

Modernize Your Facilities

Advances in technology have drastically changed the way people behave towards everything. That's why to make adjustments about these changes, it is necessary that you keep up with the technological needs of your guests. If you want to attract more visitors in your hotel, be sure to keep them plugged in at all times. Ecommnetworks.com noted that having a hotel guest Wi-Fi system, which everybody in the hotel can enjoy, is ideal.

Make Your Hotel Visible Online

If your concern is to attract more guests, then you have to make good use of social media. Create a platform wherein your future clientele can reach out and communicate with you directly. This is also ideal for you because most people refer to the Internet whenever they need or is looking for something. Along with that, it would be easier for you to announce updates or promos about your hotel through Facebook, Twitter, and Instagram.

Redecorate the Rooms

If you want to update the look and feel of your hotel, the best way to do that is by redesigning the interior of your place. You can either opt for a new theme in every room. Feel free to add in quirky and interesting decor in each space to create a more inviting and unique staycation experience.

Other than these three suggestions, there are certainly more things you can do to improve the look and function of your hotel. You simply need to be more creative and imaginative. If you think you need to consult professionals, don't hesitate to do so.

SQL Performance Tuning: Simple Tips for the Common Businessman

by Admin - on Dec 7th 2015 - Comments Off on SQL Performance Tuning: Simple Tips for the Common Businessman

BusinessmanStructured Query Language (SQL) is commonly used to communicate with databases, and is considered to be the standard language used for relational database management systems. An SQL statement can be used to update and retrieve data from a database. Database tuning can be tricky, especially when handling large amounts of data since the smallest changes can have a great impact on the performance.

 Here are some simple SQL performances tuning tips to ensure that your business database always runs smoothly and efficiently.

  1. Blindly reusing code may not always be the best alternative. Try trimming the code to meet your current requirements for better performance and better results. Simply reusing data could also slow down the performance since it often pulls more data than really necessary.
  2. Using update blindly can also affect the performance. Instead, try using case. By testing each row for order amount conditions, this option can be used to set the ‘preferred’ label before writing it into the table. Hence: faster performance.
  3. Know when using temp tables will work. When used right, temp tables can keep you from making errors, like double-dipping. Resorting to using temp tables all the time can cause you more headache than anything else.
  4. Pre-stage data, whenever possible. Often, people overlook this step, and end up using more server resources than required.
  5. As much as you can, steer clear of correlated subqueries. These queries usually run row by row, and can greatly slow down the performance. Instead, refactoring correlated subqueries as a join.

When you have no time or the knowledge of SQL language, you also have the option of hiring professionals like DBA Services to take care of the SQL performance tuning for you.

Regularly tuning a database ensures that the search query results are displayed quickly and also that the database is not unnecessarily tied up.Choose a reputed service provider, to ensure that the job is done properly and efficiently.