Thanks to platforms like Shopify, BigCommerce, and Woocommerce, it's become easier than ever for entrepreneurs with no previous business experience to start an e-commerce business.
For those with some business savvy and knowledge, it's even possible to grow those e-commerce businesses to six, seven, or eight figures. But doing it nine times over? That takes not only a strong innovative spirit but real business savvy as well.
Not to change the topic here:
Learn How Nicola Napolitano Generated Over 200k With One E-commerce Store
San Paolo Belsito, Italy , Dec. 21, 2020 (GLOBE NEWSWIRE) -- E-commerce is a business model that allows individuals and firms to buy and sell things over the internet. It helps businesses establish a wider market presence by providing efficient and cheaper distribution channels for their products or services. E-commerce is a convenient channel to purchase products for customers. It offers consumers exclusive inventory with an increased selection of products online.
Bolt Nets $75 Million For eCommerce Innovation | PYMNTS.com
Checkout platform Bolt has closed a funding round with $75 million, capping a year where it processed $1 billion in transactions, according to a report by Venture Beat .
Bolt also saw a tenfold increase in the size of its shopper network, along with 250,000 added shoppers to its network per month. The round saw the company's valuation hit over $215 million. The round was led by General Atlantic and WestCap , and existing investors Activant Capital and Tribe Capital also participated.
Four Views on Retail, Ecommerce Entering 2021 - Multichannel Merchant
You may have read somewhere that 2020 was an extremely disruptive year in every aspect of the retail industry. Ecommerce, already on a rapid trajectory, took off into the stratosphere from March on as consumer flocked online while stores closed or accepted limited visitors, and shoppers feared the spread of the pandemic.
This led to major supply chain issues front to back, as well as overburdened transportation networks and companies struggling to keep up with demand. Forward-looking companies managed to address inventory management issues via previous investments. Even though certain categories saw massive surges in 2020, there were a number of notable business failures as COVID-19 forced already struggling retailers either into bankruptcy or outright closure.
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E-Commerce Company Parts iD is Racing Ahead as a Chewy for Gearheads
CEO Nino Ciappina was previously Director of eCommerce & Digital Marketing at Foot Locker Retail, Inc.
Gearheads love to talk shop. And e-commerce company Parts iD, Inc. shares the same obsession. The company is doing for the automobile parts market what Chewy, Inc. has done for the pet food market.
Cranbury, NJ-based Parts iD, which went public through a merger with SPAC Legacy Acquisition Corp., focuses on creating custom infrastructure and unique user experiences within niche markets. Its long-term competitive differentiation is tied to the artificial intelligence (AI) running its marketplace platform and its obsessive customer service, which leads to steady return business from satisfied shoppers.
Barry Callebaut's Pablo Perversi talks cocoa sustainability, COVID-19, and eCommerce | 2020-12-21
Barry Callebaut may soon be able to use digital data analysis to predict which parts of cocoa-growing countries are the most likely to have issues with child labor.
It's the kind of innovation that could go a long way toward helping the chocolate supplier reach its goal of completely eradicating child labor from its supply chain by 2025.
While the concept is still in development, Pablo Perversi — head of innovation, sustainability and global head of gourmet at Barry Callebaut — said they are working with technology companies and child advocacy groups to create programs that analyze data, identify risk factors and detect high risk areas.
Bolt's $75M In Funding Will Help Online Retailers Improve E-Commerce Sales One Click At A Time
E-commerce sales are setting new records on a nearly daily basis this holiday season. It's no surprise that Adobe found that Cyber Monday was the biggest online shopping day in U.S. history, generating $10.8 billion in sales online. In contrast, Sensormatic Solutions found that shopper visits to physical stores on Black Friday fell 52.1% from last year.
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Retailers relying on online sales to drive a larger percentage of their revenue are struggling to maintain control of their brand, increase conversion and drive customer loyalty. A proven e-commerce strategy for keeping these challenges in balance while competing against retail giants is streamlining the checkout experience. Customer experience and more specifically, the checkout experience, has become a new area where smaller retailers can win sales against larger online competitors.
How the right teams can unlock the value of ecommerce data
While ecommerce has been on the up and up in recent years, 2020 has been a year like no other. Even prior to the recent holiday shopping season, which often eclipses all retail activity during the year up until that point, ecommerce saw record-breaking demand. According to the US Commerce Department , consumers spent $50 billion more from July to September than during the same period in 2019.
The quick and dramatic shift to online buying as a result of the pandemic also resulted in a dramatic increase in the creation of data. This is inevitable, as with more transactions comes more data. This presents a challenge and an opportunity for businesses that need to manage this data and garner insights from it to maintain customer loyalty and growth.
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