Recent events have emphasized the importance of having multiple sources of revenue, but it’s always been a strategy used by the most profitable online businesses. Some revenue models have become so diverse, they can be customized for most online businesses in any niche.
Key Performance Indicators (KPIs) are used to measure the success of business activities. This data can be used by all departments to increase profits, develop new strategies, make better decisions, and to reach your company goals (or set new ones).
Nearly 1 in 4 Canadians (23%) have been part of the gig economy; gig-related income represents a quarter of total income (24%) among current gig workers. H&R Block Canada highlights tax considerations for gig workers.
Not everyone wants to build an online business from the ground up. They’d rather hit the ground running with a proven, established website or the perfect domain name. Others are trying to grow by acquisition. Whatever the reasons, demand has created a virtual market for buying and selling websites, domain names, and a wide variety […]
A variety of events have threatened the Canadian and global economy lately, from the pandemic to trade agreements, sanctions, wars, and bank closures. The resulting economic spiral has left many people scrambling to secure an income, while businesses desperately try to remain profitable.
One of the most intimidating parts of online business and ecommerce is understanding how to accept payments, and finding the best online payment processors in Canada. As soon as you begin to research, you’ll be hit with unfamiliar terms and frightening legalities that can leave you feeling unqualified to navigate the process. Luckily, with a […]
By David Sinkinson It’s no secret that starting a business is fraught with risk. Depending on how you count it, 70% of startups will fail between years two to five. Even online businesses, such as ecommerce and tech startups, fail a staggering 80% of the time.[1] Entrepreneurs, particularly my Canadian peers, need to make timely […]
A variety of events have threatened the Canadian economy lately, from the pandemic to trade agreements. The resulting economic spiral has left Canadians scrambling to secure an income, and businesses desperately trying to remain profitable.
The internet has made it much less expensive to reach and engage consumers and increase sales overall, but most Canadian small businesses aren’t using it to its full potential. Economic challenges motivate people to find ways to trim their budget, however, and smart entrepreneurs are doing just that.
One of the biggest challenges for Canadian small businesses is the high cost of shipping. It’s expensive to ship within Canada and it’s even more expensive to ship outside of this country. That makes it very tough to compete in the online world.
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