Four reasons online retail trade can keep working

Amazon Prime Day has arrived.

Amazon’s bargain-focused two-day shopping holiday on Tuesday and Wednesday highlighted consumers’ shift to buying online in a difficult year for brick-and-mortar retailers. The stock is up almost 89% year to date, driving online retail-based exchange-traded funds that hold the name.

The three ETFs with the most Amazon exposure on the market — Fidelity’s MSCI Consumer Discretionary Index ETF (FDIS), ProShares’ Long Online/Short Stores ETF (CLIX), and ProShares’ Online Retail ETF (ONLN) — are up 38%, 85% and 93% this year, respectively. ONLN hit a 52-week high Tuesday.

Four key factors have been driving investors to e-commerce, Simeon Hyman, global investment strategist at ProShares, told CNBC’s “ETF Edge” on Monday.

First, “the transition is earlier than you think. You have not missed it,” he said. “Only 16% of retail sales were online in Q2. So, 84 cents were spent in brick-and-mortar stores and a lot of

Read More

4 reasons to apply for the Chase Sapphire Preferred Card now

This article is brought to you by the Personal Finance Insider team. It has not been reviewed, approved, or otherwise endorsed by any of the issuers listed. Some of the offers you see on the page are from our partners like Citi and American Express, but our coverage is always independent. Terms apply to the offers listed on this page.

Chase recently launched an increased welcome offer on the Sapphire Preferred card. You can currently earn 80,000 points after spending $4,000 in the first three months of having the card.

Before this change, the sign-up bonus on the Chase Sapphire Preferred was 60,000 Ultimate Rewards points, with the same minimum spending requirement. The annual fee of $95 is not waived on this offer, as it has been on some previous Sapphire Preferred offers, but increasing the welcome offer by a full 20,000 points is a significant jump, and worth considering.

Read More

3 Reasons Levi’s Online Business Is About to Take Off

Levi Strauss (NYSE:LEVI) saw its revenue decline substantially in fiscal 2020’s third quarter (which ended Aug. 23) due to reduced traffic and store closures during the coronavirus pandemic. However, Levi’s e-commerce revenue growth accelerated meaningfully, and management is investing in certain areas to build out a more robust direct-to-consumer business, which could have a big impact on growth once the pandemic has passed.

Here are three reasons why Levi’s online business is kicking into a higher gear.

A stack of folded jeans.

Image source: Getty Images.

1. Expanding the customer base 

One of Levi’s top growth initiatives is building a more robust omnichannel experience. Levi’s is currently experiencing tremendous momentum with online sales, as company-operated e-commerce sales surged 52% last quarter and made up 8% of the business. The acceleration was helped by recent store closures, but the market share Levi’s is gaining with women could help the brand grow online sales faster in a

Read More

3 reasons I’d ditch buy-to-let property and buy cheap UK shares right now

Buy-to-let property used to be a surefire way to build a sizeable financial nest egg. Unfortunately, tax and regulatory changes over the past few years means this is no longer the case. As a result, I think buying a basket of cheap UK shares could produce better returns in the long run. 

Today, I’m going to highlight the three reasons why I believe this is the case. 

Buy-to-let returns

There are two ways investors can profit from buy-to-let property. Rental income and capital gains. Many investors rely on rental income to cover mortgage payments and costs, such as decorating and emergency repairs. The income covers the day-to-day expenses, and the real profit comes from capital gains. 

However, over the past few years, rental yields have dropped significantly. The average rental yield in the UK is now around 3.5%, although it’s possible to achieve higher returns. At the same time, the

Read More

10 Great Reasons To Hire A Business Coach For Yourself

Some entrepreneurs who want to scale their companies and fast-track their growth hire a business coach to help them get there. These coaches often have years of business experience themselves and can help you take your business to new heights. But is it worth the time and expense?

If you’re on the fence about hiring a coach, take it from the members of Young Entrepreneur Council: It’s worth the investment. Below, 10 members each shared one of the biggest benefits they’ve experienced from hiring a business coach and why they suggest others follow suit.

1. They’ll Help You See Your Blind Spots

Good business coaches are there to help you see the blind spots. As entrepreneurs, we often get into the weeds of our business and

Read More

4 Reasons Why It’s Time to Hire an Accountant for Your Small Business


4 min read

Opinions expressed by Entrepreneur contributors are their own.


According to the 2019 Onpay Small Business Finance and HR Report, just 30 percent of small business owners work with accountants. That’s not surprising, given how much each dollar counts to a small company.

Doing the accounting yourself certainly saves some money in the short term. That said, it might be worth hiring an outside accountant for your company. You, of course, have to weigh the pros and cons yourself, and each business is different, but there is much to be gained by bringing in an outside resource.

Here are four reasons why you should consider hiring an accountant for your small business:

Related: 7 Tasks You Do Every Day That Waste Time and Cost Your Business Money

1. It will save you time and stress down the road

The Onpay study above found that 28

Read More

7 Reasons Your Business Is Losing out to Your Competitors

Running a business means experiencing a lot of ups and downs, whether it’s a small, medium, or massive enterprise. As a business owner, you know that this is simply the nature of the industry.

But if you notice that you’re on an extended downward slump with a churn rate that’s steadily increasing, it may be time to reassess. Why are customers leaving? What are your strengths and weaknesses? And more importantly, how can your business turn things around? The sooner you answer these questions, the sooner you can get your business and profits back on track.

Here are seven possible reasons why you’re losing business to competitors—and how you can win them back. (Hint: the all-in-one customer relationship management or CRM, sales, and marketing platform Keap can help.)

Poor Customer Service

Friendly, informative, and high-quality customer service is crucial in the success of a business, especially among small businesses. In

Read More