Have you ever wondered how Walmart keeps selling some products below cost and still makes a profit? Well, customer loyalty is king at Walmart, and once you pick the cheap item you will keep adding other items to your basket.
Amazon has bought Whole Foods. Is it time for Walmart and the rest of humanity to give up and accept the inevitable; Amazon world domination?
Bad news for brick and mortar retail; Amazon is opening more stores
If you are in retail, we can help you build an effective Omnichannel strategy to compete with Amazon. Contact us.
Many ecommerce firms are setting up stores on Shopify, even if they already have a presence on Amazon. How far will the Shopify revolution go?
In 2016 the company’s e-commerce platform had purchases by more than 100 million individual shoppers. Here is an interesting video on the power of Shopify:
If you are wondering if Shopify is right for you, contact us.
Amazon Business has arrived in England. We have had a great experience with them, from placing an order right through to fulfillment. If you are in UK, try them.
What do you get if you connect the Internet of Things and Artificial Intelligence? Amazon Go! Have you watched the Amazon Go ad? Imagine walking into a store, shopping and walking out without any kind of physical transaction. Everything you choose is logged and charged directly to your mobile phone. Watch this:
Are you ready for the Amazon expansion? Recent reports suggest Amazon is planning to open 2000 brick and mortar stores starting in 2017. Analysts are now wondering if this could be the beginning of the end for the strictly Pureplay model or ecommerce companies need both a physical store and online portal to survive.
All About Profit
Amazon’s latest earnings report certainly show disappointing results. Net income was $252 million in the third quarter, or $0.52 per diluted share, compared with $79 million, or $0.17 per diluted share, in third quarter 2015.
This downward trend was mainly due to:
- High Shipping costs.
- Increased revenue from cloud services – an increase of 55%, $3.23 million.
- High fulfillment expenses – The company added 18 fulfillment centres in 2015.
- Investments in artificial intelligence, Alexa.
- Increased expansion in India.
The question to ask is what is the best strategy? Are you going to pursue a Pureplay model, the retail model, or a combination of both? Contact us and we will help you to research the best strategy for your business.
OK, so now you are ready to start your ecommerce business? The next question is which platform should I choose? What criteria should I use?
Here are a few questions to ask:
- What is our budget, how much you can afford?
- How many products you have
- How long will it take to build and launch
- The look and feel of the site
- How fast will the pages load
- Who will host it and how reliable are they, how much?
- Can you add other software, apps to it?
- How will it help to sell your product?
It is also useful to find an expert who can help you to evaluate your options and is knowledgeable on future trends in a fast paced industry. If you need any help, you may Contact Us at any time for a free first consultation.
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