We break down the steps on how to make money off e-commerce with successful entrepreneurs across different platforms including Amazon, Shopify, Poshmark, eBay, and others. The entrepreneurs on the show give insights into their stories behind their e-commerce brands, product research, sourcing strategies, marketing, and branding strategies to help make you with your e-commerce business!
Amazon Getting Into The Health Industry With Its $3.9B Acquisition of One Medical
Amazon has made previous giant acquisitions spreading its across different industries apart from its e-commerce and web service avenues. With its newest acquisition of One Medical, it is now in the health industry.
These New YouTube And Instagram Features Will Help Businesses Sell More Products!
Main Headline: Instagram has a new shopping feature that allows people to DM businesses to buy products with the addition of having tracking numbers. This reduces any friction with any payments and trackability giving the customers more confidence in their purchase.
YouTube is also getting into the e-commerce mix with its new partnership with Shopify. Creators will be able to feature their products on their channels and within their content. The video giant also came up with a feature that allows all creators to access live shopping capabilities. These include the ability to tag products to a live stream directly from the Live Control Room panel.
Second Headline: Klarna, the buy now pay later fintech platform, is opening a pop-up shop in Los Angeles to emphasize conscious fashion and clean beauty, The pop-up shop will offer online and in-store discounts for selected products.
Shopify Offers Great Learning Resources To Improve Your Ecommerce Business
Main Headline: This is something that is overlooked but Shopify has a very in-depth set of tools and resources to help your e-commerce brand get to the next level. Not only do they share e-commerce success stories but they show trending products and marketing tips
CHECK OUT SHOPIFY LEARNING RESOURCES
Sub Headline: Nike makes a concept store in Seoul, Korea which includes augmented reality tech and customizable backdrops for content creation
Sub Headline: Amazon is both housing third-party sellers to sell on its platform and a seller itself with its private labeled brand. Amazon Basics products have been feared to outshow other branded products from other sellers. Because Amazon has all the data in regard to all the transactions, they know whether or not it will be a better idea to create a private labeled brand to compete with their customers and give themselves the advantage by pushing their products in the eyes of more consumers.
Reports say that this is not the case but others have speculated otherwise,
How This Startup Is Turning Shoppers Into Buyers With Better Customer Reviews
Okendo is a startup that primarily helps Shopify businesses by enabling them to collect customer reviews via product ratings, customer-generated photos + videos, preferences, and more.
Customer reviews drive sales. Think about it. Many shoppers on Amazon buy products that are rated highly and have great reviews. When pondering about buying product A or product B, customers tend to purchase the one that has a better rating. The same thing applies when going to a restaurant.
Okendo has already worked with over 5,000 brands and you can too. The reality is that one does not have to use them for your Shopify business. There are other plugins and tools that will help you display reviews. The important thing you must take away is to show you're a trusty brand selling products people love. The only way to do that is via ratings and customer reviews.
Amazon Sold More Than 100,000 Per Minute On Prime Day!
Amazon just broke the internet with the number of people buying products during Amazon's Prime Day Event. They surpassed 300,000 million items being sold at a rate of 100,000 items sold per minute!
Walmart To Purchase 4,500 EVs To Bolster Last-Mile Delivery While Cutting Down On Emissions
Did you know that 90% of Americans only live within 10 miles of a Walmart? That to me sounds like sameday delivery is very possible potentially making Amazon worried.
Love listening to the different types of business models
So many stories and breakdown of business models. Like hearing about ecommerce mainly.
Andres brings on great guests!
If you're thinking about starting your business then you need to listen to what Andres and his guests have to say!