WHAT IS STRATEGIC PLANNING? HOW TO APPLY IT TO ECOMMERCE.

In this article, we will explore the process of strategic planning, how to plan your business strategy, and what tools you can use to get started.

Strategic planning is a deliberate process for setting goals and creating a framework for executing them. This approach is used by businesses to create or advance their competitive advantage in the marketplace over time.

A business without a strategy is like navigating a ship without navigation instruments to tell where it’s going, where it has been, or if it’s off course. Business strategy provides the framework for making important decisions. It serves as a guide for businesses to chart their direction and navigate through change.

Strategic planning is essential because it compels businesses to consider the environment in which they operate, set objectives, and formulate actions designed to achieve these objectives.

In the ecommerce industry, strategic planning h...

This a very common question that we get and that is how does drop shipping work in Australia? You may be thinking about starting up a business of your own, but don't know where to start. Drop shipping is a popular method of selling goods and services online without any upfront inventory, capital or fixed costs involved in the process.

The benefits are low overhead costs and high profit margins for both the merchant and customer. It's also said to be a more flexible option for new or small businesses that have limited budgets. The main idea behind drop shipping is to act as a middleman or agent for sellers who do not have the resources to transport their own goods. The primary role of a drop shipper is to sell the product at a higher price while delivering the product from their warehouse to the customer's door through various shipping methods.

The owner of a business that also manufactures and creates the products can use the drop shipping business model, but instead of storing...