The latest news and information from the retail technology and ecommerce world.
This Week: $1 trillion Christmas, a new frontier of designing packaging, and the path to profitability for DTC brands
Tip: Ecommerce Lifetime Customer Value
For a retail or ecommerce business, the easiest way to compute LTV is to add up all the purchases a customer makes in your store or on your site. If you don’t take the rate of returns into account you will overestimate your LTV since some of those purchases will be reversed. Luckily, this is easy to handle. If your rate of returns is 5%, you simply discount your LTV by 5%.
monday.com: the collaborative project management platform
monday.com helps startup teams plan together more efficiently and execute projects that deliver results on time. Its ease of use and flexibility means fast onboarding and the ability to manage your projects your way. Collaborate on anything, see who’s doing what and when, know where things stand, and communicate in the context of any project when your team uses monday.com. Get started today with 15% off for your startup!
You’re Invited to a Techstars Virtual Meet and Greet
During the Techstars Virtual Meet and Greet you will learn more about our mentorship-driven accelerators and community programs, receive info on the accelerator application process, be able to ask questions, and figure out if Techstars can help accelerate your startup.
The way you market your ecommerce business today may not work tomorrow. Here are five ecommerce marketing trends your business should consider in the coming year. None of these are new, but they should be effective.
monday.com: the award-winning management platform built for teamwork
Teamwork is the cornerstone of any successful startup. monday.com is the central place where your team and work come together so everyone is synced even when things change as you grow. Collaborate on anything, see who’s doing what and when, know where things stand, and communicate in the context of any project when your team uses monday.com. Get started today with 15% off for your startup!
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