Browsing Tag
etsy
17 posts
WJR Business Beat with Jeff Sloan: MLM Industry Surging During COVID (Episode 164)
While the COVID crisis has decimated certain business sectors, it is accelerating many others right before our eyes. One of those sectors growing significantly? Multi-level marketing, or MLM. Sixty three percent of companies reported to the Direct Selling Association, the industry's main trade group, that they've seen a positive impact on their U.S. revenues since...
4 Ways to Etsy-fy Your Customer Experience
There are two types of online shopping experiences: the fast and free necessity purchase and the personalized boutique purchase. The shopper seeking the first option just wants to buy the product and receive it as quickly as possible. The shopper that is seeking the latter type of personalized online experience often ends up on a...
How Startups Can Compete with E-Commerce Giants Amid the Pandemic
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 percent revenue boost from...
10 Tips for a Profitable Side Hustle: Selling Your Handmade Products Online
If you enjoy crafting as a hobby and have an entrepreneurial side, then chances are you’ve probably thought about trying to sell your items as a side hustle. Maybe you’re hoping that your part-time e-commerce business becomes successful enough for you to eventually ditch your 9 to 5 and take your hobby full-time. If you’d...
Weighing the Pros and Cons: Should You Sell Your Products on Amazon?
If you run an e-commerce business, you know how challenging it can be to consistently attract new customers, in addition to getting repeat buyers. Even if you currently sell products on your own website or a marketplace like Etsy, you might be considering also selling on Amazon. But you’ve heard negative things about Amazon. You...
How This Entrepreneur Built a Side Hustle by Copying His Competitors
The following is excerpted from "How to Be a Capitalist Without Any Capital: The Four Rules You Must Break To Get Rich" by Nathan Latka, in agreement with Portfolio, an imprint of Penguin Publishing Group, a division of Penguin Random House LLC. Copyright © Nathan Latka, 2019. For more information, visit capitalistbook.com. You have to copy your...
4 Ways to Give Your E-Commerce Customers a Memorable Unboxing Experience
Because customers have come to expect fast, free shipping for nearly everything (thank you, Amazon Prime), e-commerce startups are under a lot of pressure to meet these expectations. And, while there are several things that they can do to compete, e-commerce merchants can encourage repeat visits by exceeding their customers’ expectations in other ways. One...
How to Validate Your Business Idea
In my last post, I talked about how you can generate business ideas. Now, I would like to share some methods on how you can validate your ideas to see which ones you should pursue as a business. In my experience, most businesses don’t fail because they are undercapitalized, but because not enough research, testing...
Think You’re Too Busy to Start a Side Hustle? Why You Might Be Wrong and 10 Ideas to Get Started
The term “side hustle” is a relatively new one, but the idea has been around for decades. Your full-time job likely supplies you with the income you need to stay afloat, but if you had a secondary part-time job, you could explore a passion, build wealth or just live a more opulent lifestyle. With more...
5 Preconceptions That May Be Preventing Your Side Hustle From Becoming Your Full-Time Gig
Entrepreneurship has always been the soul of the American economy. A recent survey revealed that 21 million people in the U.S. already have a side hustle, another 7.5 million plan to start a new one in 2018, and one in two millennials moonlight. It’s been said millennials are the most entrepreneurial generation yet. But the...
E-Commerce: Is Your Product Ready to Compete Digitally?
The ever-changing online marketplace can be a boon to startups. Not only are more consumers buying online all over the world, e-commerce marketplaces also aim to offer consumers a wide product selection, creating an opportunity for startups to provide the unique variety of must-have items across multiple categories. If you can harness its power, e-commerce...
Managing Taxes in the Gig Economy
The gig economy can be a wonderful way to supplement your income while you’re building a new business. One of the benefits of Uber, Lyft, Shipt, Instacart, Doordash, Postmates or the host of other independent contract platforms is that you can decide if and when you work. As an entrepreneur balancing a demanding schedule, the ability to set your...
When To Sell on Amazon… and When Not To
Online selling platforms are plentiful these days. E-commerce professionals have a variety of options for where and how they set up their store, from Etsy and eBay to Amazon and Shopify. Amazon is a popular choice for online sellers for a variety of reasons, but there are some important facts to consider before embarking on...
What Gen X and Baby Boomers Can Learn From Millennials
Millennials can often get a bad rap in the workplace. But let’s take a reality check: millennials are the best educated, most digitally savvy and fearless generation ever in the business world. They charge head first into markets, often loathe the shackles of a steady paycheck and assume there’s a technological solution to solve any problem. Therefore, millennials will...
Why Millennials Should Join the Gig Economy Before Becoming Entrepreneurs
Last year, a study from McKinsey Global Institute reported that in the United States alone, nearly three in 10 American workers are employed in independent positions. Most independent work is generally of the freelance variety (also called the "gig economy"), such as Lyft or Uber drivers, hosting out rooms in your home through Airbnb, selling...
What Does it Take for a Retail Startup to Tap Into a Global Economy?
Global trade isn’t a new concept, but today’s international commerce landscape has progressed a long way from the ancient times of trading spices and silk across the high seas. Internet and online marketplaces, such as Amazon, Etsy, Alibaba and many others, are blowing open doors for retailers to market and sell their products to customers...
Side Hustle Insurance: Know the Facts
As an aspiring entrepreneur, you may decide to pursue a side hustle in order to fund early stages of the business, or launch your business while maintaining an income stream. Whether you’re driving for Uber on the weekends or creating the next innovative online platform, a side hustle is a great way to help drive...