Overall, the e-commerce business place is dynamic in nature. The market is bombarded with change in technologies, services, and marketing tactics to gain new buyers. These types of evolutions make online selling sites more vulnerable. The time and burn rate are critical factors to success in an e-commerce venture. Hence, to survive and thrive in this changing market place, it is necessary for store owners to take better decision with reference to database ecommerce in hand as well the market data.
There are occasions where e-commerce company spend much on marketing activities without analyzing the spend pattern and return on investment. This will end up in wasting time and money. Identifying right suppliers, reviewing inventory level, and setting up appropriate channel analysis are very important for the success of ecommerce ventures. In the absence of appropriate ecommerce analytics tools to analyze the data, the venture will end up in spreading across unprofitable channels instead of doubling down on channels which bring profit.
Advanced analytics helps to understand customer needs, maintain optimum inventory level, and further identify right suppliers to keep the business going. The real effect of promotional strategies can be closely measured with the help of right ecommerce analytic tools for better return on investment.
We at DART use right analytical tools for ecommerce business to provide an overall picture of sales pattern and spending. In summary, we provide the following ecommerce analytics services;
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