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Written by Segmentify

17 May 2023

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Dropshipping

Dropshipping is a form of retail where the store does not keep the products in stock or on display. In this fullfilment method, the seller purchases the products from a third party that directly ships them to customers. That way, the seller doesn’t have to worry about inventory , stock management and shipping process. However, while it allows businesses start selling products with minimal investment, it also minimises the seller’s control over the quality of the products and the shipping process.

Written by Segmentify

17 May 2023

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Related Terms

First-Party Data

First-party data is the data or information a company directly collects from its users or customers. It is collected through audience engagement, which can happen on the company website, app, social m...

Data Silos

Data silos refer to isolated management systems that operate independently without the ability to integrate with other systems. In the eCommerce context, these silos can originate from diverse sources...

CSAT

Customer Satisfaction Score (CSAT) is a metric used to measure how satisfied customers are with a product, service or their interaction with a business. CSAT is usually measured through surveys, which...

CRM

CRM is a software platform that assists businesses in managing their interactions and relationships with both potential and current customers. A CRM system may include: CRM aims to improve customer sa...

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