The Atlantic shares how Chinese factories have found a new way around U.S. retailers and into our homes: Chinese apps. SHEIN and other Chinese apps are bypassing Amazon to be a new leader in Chinese goods. In addition to Amazon, Target, Walmart, and indie shops now have a new group of digital competitors embedded in customers’ pockets.
Except from The Atlantic article:
MATERIAL WORLD
IS THIS HOW AMAZON ENDS?
An open embrace of cheap foreign products has helped ...
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How competitive techniques can help lure clients and grow a network.
September 10, 2023
Andrew Chen shares in 'The Cold Start Problem' that many times, networks are competing in a zero-sum game. One network gets a customer to join their network and thereby not participate in another. For example, when a driver used Lyft instead of Uber, Uber, which Chen helped, lost. And it lost in two regards: Uber lost the revenue from the lost ride, and Lyft gained the revenue. Chen’s team was tasked with getting drivers to use all their time driving for Uber and thereby unraveling Lyft&...
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How we can celebrate indie stores and promote sales by hosting a Save Local event.
February 23, 2023
When one thinks of shopping locally, some consider it an act of charity. One may pay more and get less selection. That’s not a recipe for success. In contrast, the world’s most successful retailers, Walmart and Amazon, operate on just the opposite principles: low prices and massive selection. When I’m in Walmart's Panama City Beach location, it’s so massive I feel like I’m in the Giants' stadium. Amazon sells 12m items on its website (350m if you count the third-...
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How integrating a messaging service into our e-commerce platform can help us acquire new customers.
January 31, 2023
It takes a lot of people to build a bridge, but just two to tango. This applies to the analog world as well as the digital one. In the digital space, I'm using tango to refer to messaging between two people. I believe messaging is a service we can add to our offering to diversify how our company Shop Local grows.
Different Networks Require a Different Number of Users in a Group
Andrew Chen in The Cold Start Problem states that a key difference among network models is the required minimum ...
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At the Dallas trade show this week, I’ll be sporting our new Shop Local t-shirt. In flight to the show, I’ll be reading how network effects help businesses, including retail shops. Indie shops and network effects go hand in hand. Retailers can effectively grow via network programs, including Bridge’s Product Syncing service and referral and affiliate programs. To learn how networks can help your business, I recommend picking up a copy of The Cold ...
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When I flew home yesterday from Charleston, while most people were seeking relief from their sunburns and reminiscing about their vacations, I was delving into The Wall St. Journal’s profile on Tracy Britt Cool, an ex- Berkshire Hathaway star. Mrs. Cool’s new company Kanbrick invests in businesses with $10m - $50m in revenue. What does Mrs. Cool look for when investing in a company? People and moats.
At Bridge, we’re reading Jim Collins’ Beyond ...
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How are brands helping their stores--and themselves? They are telling retailers that Bridge is a sales solution for them. For example, Pampa Bay doubled its sales vs. last year on the Bridge platform. One way Pampa Bay increased its sales is by consistently promoting its Bridge service across various mediums. When one visits the Pampa Bay site, one can see the platforms the brand uses in the upper right-hand corner. We can see the brand uses Facebook, Instagram, Pinterest, and Bridge. Pampa...
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Last February e-commerce company Shopify Inc. replaced the “Ottawa, Canada” dateline that began its press releases and earnings reports with a strange new one: “Internet, Everywhere.” The geographical shift came at the insistence of Shopify’s founder and chief executive officer, Tobi Lütke, who tends to view such matters through the prism of cold, hard logic. In May 2020, only a few months into the pandemic, he’d made the early, seemingly rash decision to...
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During this holiday season, does one want to tell their family and friends that they sell knock offs--or that they help Main Street? I'd vote for the latter. Yet, a new service is trying to sell knock offs and eat in to retailers' lunches.
For the last few years, retailers have been having a hard time of it: they are increasingly circumvented by the brands. With the advent of the e-commerce websites and social media, brands are pitching their wares directly to consumers and ...
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Retailers have had a difficult time in recent years, as brands have increasingly circumvented them. With the advent of e-commerce websites and social media, brands are pitching their wares directly to consumers and cutting out retailers.
I’ve sometimes wondered: What if the factory decides to do the same and cut out the brands? If the retailers don’t like it, how will the brands? Some businesses are now trying this. Services like Italic allow a consumer to bypass...
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Many brands are growing their DTC (D2C) channels, but a recent report by BMO Capital Markets suggests they may be a shooting themselves in the foot--which their retailers may be happy to hear. The report shares that wholesale is more profitable overall than selling direct.
A few things have enabled brands to grow their DTC aspirations:
Selling to customers via the brand's own e-commerce website.
Tracking customers using social media and ad networks (aka surveillance,
Online advertising is great for brands. It's bad for: indie stores.
Why? Before the Internet, there were few ways for brands to cut out stores. They may have an annual warehouse sale, but that was about it. Today, a customer visits a retailer website and looks at brand X. Or it visits brand X's site to do some research. The issue for indie stores: thanks to online advertising, now I'm being marketed to across the web. I'm reading news on the New York Post website and being encouraged to...
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Allison Zisko in this month’s HFN shares that The Knot has launched its own direct-to-consumer sales channel—seeking to cut out its long-standing brick-and-mortar partners like Macy’s, Target, and indie stores.
This new sales channel raises the stakes on the growing battle between The Knot and Zola.
Macy’s, Walmart, and Target would be wise to team up and launch their own gift registry platform—akin to how the TV networks collaborated to ...
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Today’s Wall Street Journal surveys niche social networks like Strava for fitness, BakeSpace for cooking, and Rate Your Music for music.
To this list I’d add: Bridge. Bridge is a niche social-media network serving the retail community. We connect thousands of businesses including brands, retailers, sales reps, publications, and trade groups.
The article shares people last year spent 57 billion hours on social networking and messaging apps via Android devices.
Think that your business should be making big bucks selling online? Wrong. Most businesses lose money online and have unprofitable online operations. Walmart’s online operations and Wayfair both lose money, and thousands of other businesses do, too.
There is a popular myth that online sellers are casino-like winners with the winning slot machine bells sounding with each order—generating buckets of quarters (profit) for the business. Casinos often produce losers, and most ...
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January 5, 2017
January 5, 2017
From the NY Times, Thursday Jan.5, 2017
Start-Ups Hope Couples Say ‘I Do’ to Online Wedding Planning
Planning a wedding remains a largely traditional pursuit. For many couples, it is a frustrating months long project that requires sifting through masses of details and costs on venues, services and products. Now, a variety of start-ups are trying to cut down on that information overload by harnessing new technologies to capture a slice ...
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July 19, 2016
July 19, 2016
Wonder how the social media networks compare?
Social Media Explained for Manufacturers
Facebook: Like my product Twitter: Read snippets about my product LinkedIn: Making products is one of my skills Pinterest: Pictures of my products Instagram: Vintage pics of my products Bridge: Sell my products YouTube: Watch this video about my products Yelp: Review my products
A big-time publisher of news is launching a Facebook-only tech news service. This shows how important it is to A) connect via social networks, and B) share news. Post to your Chalkboard daily. Then you can easily share to your other social media accounts like Facebook.
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