As displayed in the infographic coupled with this post, retailers have a much better chance of selling additional products to existing customers than selling these products to new customers. The difference is actually quite staggering. Within the range of a 60% to 70% chance of selling to an existing customer versus a range of 5% to 20% of selling…
Have you ever been worried about the quality of your cybersecurity efforts for your business? If your answer is yes, recent statistics might alarm you. Cybercrime, which consists of phishing, ransomware, identity theft and fraud, have seen a 600% frequency increase since the COVID-19 pandemic first hit in December of 2019. Of the crimes listed above, web-based attacks and…
John Ritenour has worked in the insurance industry for his entire professional career. Having been born and raised in Pennsylvania, Ritenour and his wife, Valli, started their own insurance agency in the mid-1980s. They made this decision after John experienced quick success in his first job as an insurance agent. The Ritenour family decided to leave Pennsylvania for Florida in…
If you haven’t heard the news, working from home has become the so-called new normal over the past twelve months. However, this isn’t just related to employees. More and more people have decided to start their own business from home, while some have decided to ditch their commercial office space entirely and work from their domestic property. If you…
Long term investments are assets that are held for a generally a period of at least three or more years. There are several investment strategies that help long term investors maximise their returns, such as current income strategy, capital growth strategy and balanced investment strategy. The best approach is highly individual specific and depends on their risk and return…
A low spread forex trading is an important factor to consider when you are looking for a forex broker. Low spread means that you will be able to make more profits from each trade. This comes down to the market conditions in the country where you are trading. You want to always be aware of what the major news or…
It’s one thing to create a website for your business; it’s another thing to generate online traffic, and in turn, generate revenue. Being a successful business highly relates to business visibility; however, many business owners are still confused about how they can use it and achieve it for their benefit with search engine optimization or SEO. As most industries start…
Business owners and managers are faced with the challenge of making sure their manufacturing equipment is constantly working at full capacity. The way this is accomplished is through one of two fundamentally different maintenance approaches: preventive and predictive maintenance. A preventive maintenance strategy is certainly the more common of the two. This strategy is centered around conducting maintenance on…
As the world continues to become more and more technologically reliant, the popularity of online shopping continues to increase. Long before COVID-19 restrictions were enforced, physical retail locations were taking a hit. The early uncertainty of the pandemic truly shook these locations up, all while stimulating the online retailing space. Shopping online has become the safest and most convenient…
For many business owners or managers, you may have already heard of or are familiar with a closed-loop economy model. Perhaps what you’re unaware of are all of the benefits that come from this model. If your business is looking to integrate this model into your business operations, but you were unsure as to how, look no further. The…