How To Set Up Logistics For Your Startup

You’ve developed an incredible product. It’s been crowdfunded 300% and you’re already through your final prototype and on to production. Your customers are waiting patiently. You have not actualized the most important part of your business. Logistics. How are you going to ship your product to your customers? How are you going to optimize your manufacturing process and gather the materials quickly enough to keep up with the demand? It’s more complicated than you might think. And in the era of Amazon Prime and Walmart.com’s two-day shipping options, it’s not easy to please your customers. “But my customers will wait a decade to get my product in their hands.” That’s the mistake Oculus made out the gate with the Rift back in 2016. HTC beat them to market due to shipping concerns and they lost the lead (which they steadily gained back due to a superior product). No matter how […]

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Is Dropshipping Dead? – ShoeMoney

Making money online can be one of the most uncertain ventures out there. If you don’t do your homework, you could spend way more than you make and dig a hole for yourself. Dropshipping can be one of these ventures. And when people don’t do dropshipping right, they fail and bail. This is one of the reasons the internet is full of dropshipping horror stories. But those people were likely the “get rich quick” types who expected to make money for little effort. Dropshipping can be easier than a traditional business, but it still takes effort. And it’s still a viable way to make money online through eCommerce. But will it really make you money? Scroll onward to find out. 1. The Problem With Dropshipping The economy of logistics has changed entirely in the last ten years. Amazon now uses an algorithm to predict what you’re going to buy and […]

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How Logistics Technology Can Help Ecommerce Companies Clean up Their ‘CRaP’

No, we’re not being profane. CRaP, a term coined by Amazon, stands for ‘can’t realize a profit.’ March 12, 2019 6 min read Opinions expressed by Entrepreneur contributors are their own. Every company has them: cheap, often bulky products whose shipping costs make it impossible to make money off them. At one time, Amazon carried many, many products that it shipped at a loss in order to maintain its status as the go-to place for everything from books to laundry detergent. In short, Amazon prioritzed market expansion over profits. Those days are over. Related: 6 Ways to Grow Your Logistics Business as an Entrepreneur An article in the Wall Street Journal in late 2018 detailed Amazon’s efforts to address unprofitable products. In the Journal article, Amazon itself charaterized these products as “cutting the CRaP” (can’t realize a profit). The retail giant also talked about ways to try to address the problem — like changing the packaging […]

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