Ecommerce and Chargebacks: How to Manage and Prepare to Scale

This is a guest post by Scott Stone, CMO at Chargeback. Ecommerce merchants, from brand-new to industry veterans, experience chargebacks. In 2016, ecommerce will lose $6.7 billion to fraud, according to data from LexisNexis and eMarketer. Chargeback fraud and friendly fraud represent 71 percent of those losses. Unfortunately, many of these same merchants are unaware or undereducated in regards to what chargebacks are, what they mean for business operations, and the opportunities they … [Read more...]

Ecommerce Fraud Prevention – How To Protect Your Business

Back when Fish Finder Source was an ecommerce store, there was one period of time where I received a ton of fraudulent orders. Unfortunately, I was new to this then, and in the excitement of receiving orders, I fulfilled them without really vetting them. As a result, I received a string of chargebacks that nearly meant losing my business. A chargeback is when someone calls their bank or credit card company and informs them that they don't recognize a charge on their statement. Here's an … [Read more...]

How To Validate Your Ecommerce Business Idea

This is a guest post by Travis Newton, the Commerce Dude When it comes to ecommerce or business in general people tend to think “Hey, I’ll come up with a kick ass business plan, research the market, put up my store and I’ll make money by the truck load.” Now I’m not saying not to do any market research; but one of the fastest most effective methods to see if you actually have a viable product is through validation. What is validation you ask? It’s getting your potential customers to pay for … [Read more...]

The Three Approaches To Online Businesses

I've been at this for quite a while now. I think I've been working on building full-fledged ecommerce businesses for at least 3 years, and I've been documenting what I've learned and am learning for a little over a year. That and by following other thought leaders in the ecommerce and online business space, I've seen that there are a few approaches that you can take to building businesses online. There is no correct approach - it's a matter of what you want to do and the amount of time and … [Read more...]

Turning My Online Store Into An Amazon Affiliate Site

Big news: Last month(April), I turned my store into an Amazon Affiliates website. I'm no longer selling my own drop-shipped goods. Instead, I'm funneling traffic to Amazon.com using affiliate links, adapting the revenue model advocated by many such as Spencer Haws and Jon Haver. This post is going to be VERY transparent - I'll be sharing Analytics and revenues, with screenshots. I was mulling over this decision for a very long time. I think it must have been for about 3-4 months before I … [Read more...]

10 Podcasts Every Online Store Owner Should Listen To

Podcasting is really catching on - and there is no shortage of great content being pumped out by talented individuals in ecommerce and online business, too. I enjoy podcasts because they are lively discussions - so a step up from a traditional article or blog post, and since most of these guys and gals do interviews, you get a refreshing mix of familiarity and something new, too. Long car and train rides are no longer monotonous - I just plug in my iPod and start catching up on episodes! Here … [Read more...]

5 Problems With Drop Shipping And How To Overcome Them

Drop shipping is a great business model if you want to be location-independent, don't want the hassle of managing inventory, and want to be able to run your entire business from an iPad or a laptop. A lot of online businesses drop-ship - some may rely on it completely, and some may use it for a part of their catalog - so it definitely works as a business model, but it does have its fair share of challenges. Challenge 1: Low profit margin Unlike a regular wholesaler that would sell you their … [Read more...]

Online Business [And Life] Lessons From Barney Stinson

Happy 2nd day of the new year, everyone! I was just reading through an excellent post by Richard Lazazzera on a list of things entrepreneurs need to do in the New Year, and a behemoth post by Billy Murphy on how to accomplish your New Year goals. I highly recommend checking them both out. As for my "to-do list" and goals to accomplish, naturally, I'd like to further my online store, as well as develop Bootstrapping eCommerce into a thriving community. You guys are the best - your shares, … [Read more...]