Allan is responsible for managing the overall growth of Nuvei’s North American sales and marketing teams. He is a 22-year fintech industry veteran who has owned and operated ISOs, as well as held leadership roles with Cardservice International, North American Bancard and Total Merchant Services.
Strategic partnerships open a multitude of potential pathways to success for organizations wishing to grow efficiently. Finding the right partner can not only help you grow but also stabilize your organization for a long and prosperous future. Here are several ways they can accomplish that.
It is a good idea to assess your growth strategies each year. One place to look is how you seek and build partnerships. If you have a plan for identifying your partners and creating the connections that will lift you up, you can create paths to both more opportunities and more revenue for your business.
ECommerce opens avenues for your business that require lower start-up costs and higher profit margins than any storefront ever will. It also presents challenges. You need to stand out in a world of online options, and drive revenue and traffic among shoppers who tend to be open to many different buying options. Applying these tips will help.
Too many companies try to manage everything for themselves. To operate at peak efficiency, sometimes you need a partner to help. This means building trust with another company, something many owners and executives find difficult. To create strong partnerships, you should keep the following in mind.
Running a business requires an array of knowledge and ability from your team. Too many believe this means you have to do everything, and your business becomes one of learning on the fly, cutting into how effectively you can build. This is where partnerships can lift your business to the next level. The right trusted partners free you to drive business more efficiently and effectively.
Growth is the ultimate and undeniable goal for every business. To do so, though, your message must reach people first. Today's technology gives new and exciting ways to help you reach people, to bring them in, and enable those connections. Take advantage of the tools available to give your team its best chance at sales success.
The COVID-19 pandemic has spurred fundamental shifts in the way people think, interact, and shop. Even when the virus recedes into history, the technological trends will likely continue. Make sure you are on top of the direction eCommerce is moving by keeping up with these trends.
ECommerce opens doors to revenue and profits far beyond what a brick-and-mortar store can achieve. Even so, competing everywhere means you face competition from all over the globe. To set yourself apart, make sure your online store delivers what your customers now expect.
Digital goods like digital books, podcasts, and virtual courses are rising in popularity across the world. If you have the ability to create and have a good business plan, you can build a lucrative revenue stream from this kind of content. Growing in this area with a strong payments partner can lift your business into the future.