There appears to be a well-meaning but misguided belief that as internet retailers we must under-promise and over-deliver to make our customers more loyal. But, I don’t believe this to be true, for the following three reasons. 1. ) Clients don’t appreciate it and you...
Blog
Ecommerce Strategies for a Whirlwind of’Pays’
Each week there appears to be another entry to the world of electronic payments. The newest is Facebook Pay, which, according to Facebook,”… provides individuals with a convenient, secure and consistent payment experience across Facebook, Messenger, Instagram and WhatsApp.” Facebook Pay joins a long list...
Can’Irrational’ Startup Valuations Continue?
Ahead of the Covid-19 pandemic, IPOs for many startups with supposedly bright stocks fell when they entered the public sector. Some didn’t make it that far, canceling in 2019 their public offerings. A troubling gap between the general public and private valuations of venture-capital-funded start-ups...
Free Programs from Ecommerce Service Providers to Combat Covid-19
With the huge disruption caused by Covid-19, ecommerce providers are finding ways to help. Following is a listing of free programs from service providers to help fight the pandemic. The applications include grants for small businesses, information technology, fulfillment services, storage, startup funding, assistance for...
5 Tips to Conquer Covid-19 Supply Chain Disruptions
Covid-19 has disrupted the supply chain by shutting down producers and suppliers in China, the U.S., and elsewhere. This post suggests five strategies to conquer this challenge. Conquer Supply Chain Disruptions Diversify suppliers. Diversification sounds easy, but finding an alternative supplier or manufacturer can be...
Ecommerce Owners on Morning Routines, Work-life Balance
Last month I spoke with Ronnie Teja, an innovative entrepreneur who possesses multiple ecommerce sites scattered around men’s watches. The published interview,”Canada-based Entrepreneur Scales to 15 Sites, 30 Remote Workers ,” centered on how he started the business and his methods of obtaining new ones....
Ecommerce Lessons from the 2008 Crash
How fast a company sells its stock is typically a potent indicator of efficiency, cash flow, and regular well-being. Imagine two online retailers selling products for home gardeners. Both companies hold about $1 million in stock generally. However one company turns its inventory 10 times...
Bankruptcies, Layoffs Deplete the Retail Industry
At the beginning of 2020 several brick-and-mortar chain retailers were struggling, trying to restructure debt or find fresh creditors while dealing with plummeting earnings. The Covid-19 pandemic has closed stores and economically made those efforts . A rash of bankruptcies has ensued. It is a...
Planning my Business for a new world
Journalists in the U.K. keep pressing the government about completing the Covid-19 lockdown. Governmental leaders prefer not to say, concentrating on the here and now. I guess the real”exit strategy” — completing the stay-at-home order — is to observe the actions of Spain, Italy, and...
Effect of Covid-19 on 2020 Startup Investments, IPOs
Initial public offerings underperformed in the last half of 2019 and the first quarter of 2020. That set the stage for an undesirable IPO climate. Then came Covid-19. The start of the pandemic in China in late December resulted in a private investment crisis in...