As an ecommerce shop owner, you know how complicated the business can be. Things change fast, and you must be on top of those changes and ready to pivot at a moment’s notice. That said, there are some tried and true methods you can follow to maximize your sales and bottom line.
This is where ecommerce demand forecasting comes in. When you make a point of doing this well, you’ll have a good handle on your customers’ demands including what they want, when they want it, and how you can fulfill that need. Here, we’ll tell you all about this type of forecasting, the benefits it brings to you, and how to go about estimating and predicting your ecommerce shop’s demand.