Walmart Makes Giant E-Commerce Gains Amid Pandemic, Can The Little Guy Even Compete?
It comes with little surprise that as the pandemic grows, the demand for safe, one-stop online shopping options grows as well.
The numbers reported by big-box retailers reflect this logic. Target reported the strongest quarterly sales growth in its history.
Walmart touted unprecedented earnings in Q2 which led to a 97% revenue boost from just last year.
Amazon, the behemoth that it is, banked a net income of 5.2 billion in Q2. And Shopify, the namesake in e-commerce, noted $714 million in Q2.
This all shows one thing: If you want to scale your business online, now is the time to do it -- and yes, it is possible to do it even if you are a small business.
While You Were Sleeping, Walmart Announced a Partnership with Shopify, and Shopify Announces A New App To Compete With Amazon.
Now, if you’ve been caught up with the news around Amazon’s growth, allow me to steer you in another direction: Shopify.
The Shopify e-commerce hosting platform is growing rapidly....
Who invented ecommerce, who started ecommerce?
Who First Created Online Shopping?
Michael Aldrich was an English inventor, innovator, and entrepreneur born in 1941.
Online Shopping is Invented by Michael Aldrich
In 1979 he invented online shopping to enable online transaction processing between consumers and businesses, or between one business and another, a technique known later as electronic commerce.
Unfortunately, he died in 2014, at the age of 73.
When Was The First Online Transaction?
The first online transaction was, by some reports, marijuana sold by Stanford students to MIT students via the Arpanet account at their artificial intelligence lab in 1972.
However, the first online shopping transaction on the Internet took place some 22 years later.
The Times said, “The team of young cyberspace entrepreneurs celebrated what was apparently the first retail transaction on the Internet using a readily available version of powerful data encryption software designed to...
Shopify Is Now Competing With Amazon! Who are Amazon's Biggest Competitors? Who Else has a Chance at taking some of Amazon's marketshare?
Shopify have launched a new app called ‘Shop’ – and with it potentially an entire new business – that they intend to compete directly with Amazon.
From early signs, the company appears to believe this new business could be bigger than ‘Shopify’ itself, and may be the next stage in a total rebrand of the company from ‘Shopify’ to simply ‘Shop’.
The app that allows you to buy directly from any brand through the app that signs up that has a shopify store.
That is over 500,000 stores. Currently amazon has over 2.5 million sellers. Off to a good start!
Shopify’s ‘Chief Product Officer’ Craig Miller calling it ‘one of Shopify’s most significant products ever
Shopify will no doubt be hoping the app takes space on users’ home screens, taking some of the attention they use currently to shop at Amazon, Ebay, alibaba, etc.
Currently Amazon's biggest competitors are Alibaba, Google, Walmart, JD,...
Finding Ecommerce Courses and Classes Near You?
I did some research and I was shocked at the amount of people searching for "ecommerce classes near me"!!!
The best way to learn e-commerce is through online courses! First, you can learn how to build an e-commerce website for free with the link to lessons below-
Classes are free, but E-commerce carts tend to cost around $20-$40 a month to start, like shopify.
However, what people really want to learn is how to actually sell products online This is why I created the $97 e-commerce help club.
Its $97 a month, includes consulting through our facebook groups, and you can cancel anytime.
I made this class from my 15 years of experience from this point of view - If I could go back and do it all over again, how would I do it?
Check out the link below for the link to the free class, and the link to the e-commerce help club.
Which Types of Ecommerce Stores are allowed to be open during Quarantine, Covid-19, Coronavirus?
Answered in under two minutes, in this short video I discuss what types of business are allowed to be open and recession proof!
First I must say, you HAVE to check with your city, county, and state first.
A quick google search: what type of businesses are allowed to be open in California.
Remember, things can change week over week during a lock down or quarantine, so check often, and really don't trust what you read on social media, yikes!
We quickly found out that we are allowed to stay open according to our state, city, and county laws because we make personal care products such as hand sanitizers, etc.
What types of Ecomm stores are recession proof? Which ecommerce stores are considered essential?
Also of course anything essential like grocery stores, hospitals, and more
So the bigger question, how do you make sure you are in a quarantine proof, or even better, a recession proof business moving forward?
First of all, many of you might already be there, first you need to check....
Is it possible to be successful in ecommerce without amazon? What is the best way to do ecommerce without amazon?...
This week Wal mart announced a new partnership with shopify, which means they might just start competing with them soon.
However, These days Amazon is generally dominating the e-comm space. Amazon in the USA in general takes up 50% of all online transactions, and growing!
Even though Amazon has around 50% of the USA under their wing, that also means that 50% is NOT!
Also, companies such as target and shopify are introducing new versions of their companies that are direct competitors
How do you thrive without being on Amazon?
- Answer the phone, and encourage phone calls
- Try Live Video Chat
- Have free same day local delivery
- If you are a brand, make sure your product is NOT available on amazon, control you distribution
- Make sure you shipping times and fees are competitive
- Design and UX to impress on your website, Amazon is a little too "shoppy" for some people
Yes, it is possible, and check out the E-comm help club to learn more!
Is E-Commerce Without A Shopping Cart Possible? Selling products online without a shopping cart?
Is E-Commerce Without A Shopping Cart Possible? Selling products online without a shopping cart?
My store started in a 70 square foot room over 15 years ago.
Back then, you practically had to sell your firstborn to afford a cart!!!
There was no Shopify, Squarespace, Wix, GoDaddy, etc. At the time,
Amazon was only selling books!
We started as an ecommerce store without a shopping cart, but I had learned how to build a website from a flyer at Costco!
https://www.beefysites.com/e-commerce-help-club
You can still sell products online without a cart and it's actually not a bad strategy, here is why-
Upsides to Ecommerce Without a Shopping Cart:
- You would be surprised at the number of people that prefer to shop this way
- Phone orders get almost 2x the revenue as a shopping cart order, more personable.
- Live chat is an option as well, hook it up to your phone!
Downsides to Ecommerce Without Shopping Carts:
- Harder and more expensive to attribute where the sale came...
How to get started with Ecommerce, Ecomm for dummies, Ecommerce for beginners in Under 2 Minutes!
Are You Searching for help getting started with E-commerce?
OR
- ecommerce for dummies
- ecommerce for beginners
- ecommerce for small businesses
- ecommerce for dummies pdf
In this video, I try to give you the solutions for everything in under two minutes!
Post research, I found that a lot of people are searching for this kind of online business help!
I have good news and bad news for ya, there is no free lunch!!
I have noticed a lot of teachers online promoting get-rich-quick schemes, drop shipping, Amazon, etc.
E-commerce takes blood, sweat, tears, good resources, and even further, time, and money, any way you slice it!!!
However, it is doable, if you are willing to put in the work!
How do you get started?
Are you the type of person for this? Hardworking, persistent, and willing to stick with electronic commerce?
It's all about Business 101 - Finding a need in an audience and filling it - Find your product and audience first!
Next:
- Build a website (link below)
- ...
What is the best ecommerce platform in 2020 and 2021? What are the most popular E-commerce Platforms?
This video answers this in under two minutes! Or you can read below:
Here are the Top 13 in order:
- Wix
- Shopify
- Squarespace
- BigCommerce
- 3DCart
- WooCommerce
- OpenCart
- Ecwid
- Magento
- Volusion
- J2Store
- Salesforce Commerce Cloud
- Easy Digital Downloads
Use the one that you can do the easiest yourself! Shopify the best - best checkout, and the best ability to build out a fully functioning funnel with pre purchase order bump, post purchase one click upsell, cart upsell, and even a custom post purchase confirmation page offer.
Which Ecomm platform works the best?
Again - The one that you can use the best! I love shopify, because I can build the complete funnel I like to build easily, shopify with optin momster, along with zipify one click upsell.
Two things you should know!
1. I pretty much NEVER recommend moving from one ECOMM platform to another if you are an...
How much do I charge customers for shipping in my E-commerce Store?
This video answers this in under two minutes! Or you can read below:
A little history, I was the first in the beauty industry around 15 years ago to offer free shipping all orders no minimums, and it worked beautifully!
Here is the key: Make sure its at the top of all pages, especially mobile view!!!
What if you don't have the margins to do this? DON'T worry, there is hope.
Once our store got a little bigger, we spent a lot of money to set up a really complicated and detailed split test on our cart page- free ship all orders vs minimum purchase of $35 to get free shipping.
We ended up converting higher and a higher AOS with the $35 set up!!!
I think its because people are getting more used to paying a small shipping fee, as time goes on, amazon gets bigger, and shipping fees get more expensive.
If you are charging customers for...
