A Merchant account has a variety of benefits to local businesses in Barbados. It allows transactions between businesses and their consumers to be safe, convenient and easy. It is particularly essential for businesses that want to invest in an online … Continued
The rise of e-commerce has several benefits to society as we know it, and adds to an overall increase in prosperity. Here are some of the key benefits: Encourages Entrepreneurship E-commerce greatly reduces the start-up costs associated with having your … Continued
The Digital Economy has been attracting a lot of attention lately, promising an exciting revolution in the way humans interact and do business by changing how we produce and consume. The transition to a Digital Economy has led some to … Continued
When you’re a small business owner just getting into e-commerce, you’re probably not looking for the most expensive or extravagant ways to generate more sales. Here are some simple, useful tips to boost your online store: 1) Learn From Your … Continued
Unfortunately, studies have shown that 90% of online businesses fail within the first four months of operation. If you want your business to find long-term success in the e-commerce space, it’s important to learn from those failures and prevent them … Continued
One of the most common ways people venture into online business is by offering their products on a Facebook or Instagram page. It’s a cheaper alternative to having a brick and mortar store, and less hassle than having a website … Continued
Starting a business should never be a rash decision. In order to be sure that you’re taking everything into consideration, it’s important that you have a viable business plan. A great business plan can help you anticipate important issues and … Continued
There are so many ways to make money in the digital world. You may want to consider a revenue model that’s in line with the type of service your business offers. 1. Product Sales/Online Retail This is the most direct … Continued
To accept card payments or not to accept card payments: that is the question. When you’re a small business or start-up, every penny counts, so you may want to consider the costs of transacting business via cash or card. Accepting … Continued
COVID-19 has had some thought leaders declaring that we should prioritize the move towards Cashless Societies and contactless payments. First off, what exactly is a “Cashless Society”? A Cashless Society simply means that all financial transactions will take place without … Continued