Tuesday, August 30, 2022

Selling on a marketplace has risks and rewards

The vice president of marketing for Paper Mart recently decided to stop selling products on Amazon. The reasons, McGuire says, are varied. First, the high fees charged by Amazon for its Fulfillment by Amazon (FBA) program were problematic.

" The FBA program was very difficult just because of the fees involved," she says, "and they keep adding another $2 to every transaction and it just keeps adding up and then at some point, it’s like, "'enough.'"

Publisher: Digital Commerce 360
Date: 2022-08-29T11:22:13 00:00
Author: Paul Conley
Twitter: @DigitalComm360
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Marketplace participation grows in 2022

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Amazon's sheer size has made it impossible for other retailers to ignore and increasingly difficult to avoid doing business with. In 2021, more than half of the Top 500 retailers sold on the Amazon marketplace.

Publisher: Digital Commerce 360
Date: 2022-08-30T10:23:43 00:00
Author: Digital Commerce 360 Staff
Twitter: @DigitalComm360
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He sold her a coffee table on Facebook Marketplace. Now they're married
Publisher: Dallas News
Date: 2022-08-29T15:34:30.392Z
Twitter: @dallasnews
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Maryland Athletics Launches Maryland Marketplace Powered By Opendorse - University of Maryland ...
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Publisher: University of Maryland Athletics
Date: 26CB362442F02FE03E67AA9D82D18C25
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Peter Thiel backs electronics marketplace PriceOye in maiden Pakistan investment – TechCrunch

A Pakistani startup, which has taken inspiration from China’s JD.com and India’s Flipkart to build a managed marketplace of electronics products, said on Tuesday it has raised seed funding from scores of investors including PayPal founder Peter Thiel.

Its seed funding round was led by JAM Fund, a venture capital firm by Tinder founder Justin Mateen. The institutional funding round also included participation of Beenext, DG Daiwa, Mantis VC, HOF Capital, Jet.com investor Palm Drive Capital and Atlas Ventures, among others.

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Publisher: TechCrunch
Date: 2022-08-29 22:00:05
Author: Jagmeet Singh
Twitter: @techcrunch
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Xometry's marketplace revenue grows 55% in the second quarter

Xometry is a public B2B marketplace company and as such is a bellwether for how B2B marketplaces as a category are performing. And based on Xometry's performance in the second quarter, the takeaway for the B2B marketplace market is "not bad.

For the second quarter ended June 30, Xometry grew revenue to $96.5 million. That’s up 89% from $50.8 million in the second quarter of 2021. Net loss was $16.6 million versus $12.3 million in the prior year.

Publisher: Digital Commerce 360
Date: 2022-08-29T16:48:16 00:00
Author: Mark Brohan
Twitter: @DigitalComm360
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Star-studded digital avatar startup Genies launches NFT fashion marketplace – TechCrunch

Digital avatar startup Genies , known its for high-profile partnerships with celebrities such as Justin Bieber, Migos and Cardi B, has just released its long-anticipated NFT storefront, “The Warehouse.

Genies is partnering with a handpicked group of creators to design the first set of collections available on the platform, Nigam said.

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Publisher: TechCrunch
Date: 2022-08-30 06:00:33
Author: Anita Ramaswamy
Twitter: @techcrunch
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OpenSea trading tanks, down 99% since May | Fortune

What was once a red-hot market fueled by FOMO during the crypto bull market of 2021 is now just a trickle, with trading volume on the most popular NFT marketplace, OpenSea, down 99% in just under four months.

On May 1, OpenSea processed a record $2.7 billion in NFT transactions, but on Sunday the marketplace recorded just $9.34 million worth, according to data compiled by DappRadar . The company recorded 24,020 users on Sunday, about a third fewer than when it hit its record transaction number in May.

Publisher: Fortune
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Michael Kors launches 'Pre-Loved' resale marketplace

Michael Kors is opening its first online secondhand marketplace, Michael Kors Pre-Loved, in an effort to contribute to circular fashion and the fight against waste.

The new Michael? — Offering new or like-new pieces at more affordable prices could also be an incentive for consumers to take more interest in Michael Kors.

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Publisher: Input
Twitter: @inputmag
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Trance Party Event Tickets

A Concert Like No Other


Hop aboard a shuttle to Kepler-1649c. Be there to welcome new lifeforms into the universe. All passengers must have a verified event ticket. There are 10,000 tickets in circulation so no need to panic. Limited seating available per trip. There will be multiple flights each hour shipping off from the NORAD Space Port in Iceland.

Event tickets are non refundable & non transferable (except on the black market. Call Sal with questions.) An event ticket can be reused for up to 9900 yearly transactions.

No sandals allowed on flight. Adults only. Kittens must show a custodian's ID at the gate. You are not allowed to get married while aboard the shuttle. Please arrive early if you are wearing jeans.

NB: EVENT TICKETS CONTAIN A PRIVATE ANONYMOUS DIGITAL IMPRINT.

Reserve your spot. Click here.




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