All Articles Tagged "e-commerce"
Pinterest has become a black hole for most of us during the wee-morning hours. As we pin the shoes, nail polish, hairstyles and event spaces we want, Pinterest will take it a step forward and develop a “Buy” button. Re/code says the “Buy” button will allow Pinterest users to order and pay for the products they see on the site. The 70 million users of Pinterest use the social media platform to save and share images of clothing, recipes and housing spaces to name a few.
Pinterest declined to comment on their new strategy but the company noted to Re/code: “Part of our strategy to help people discover new things, save them, and do these things in real life has always been to make Pins more useful.”
In order to make the “Buy” button a reality, Pinterest is said to be working with a payment company named Stripe in order for their consumers to purchase their items securely. Once Pinterest acquires the “Buy” button, the company will compete against Amazon, eBay and Google. Currently Pinterest is valued at $5 billion and raised $750 million within the past year. EMarketer concludes in 2015, Pinterest would break their $1.7 trillion goal in sales.
Are excited to have all your Pinterest dreams and items come true?
When consumers visit Sneakah Boutique, Nailah Wright wants them to discover “original, fresh and modern” products but also feel “the retro lifestyle.”
The online boutique retailer, founded in 2013, is owned by Wright, 29, along with partners Whitney Bryant, 25 and Ernest Freeman, 22. The New Jersey company specializes in international street wear, footwear and accessories that echo what Bryant refers to as “a skateboard life.”
In just over a year, Sneakah Boutique has found its niche in the fashion world and has already launched its exclusive Bee Dope capsule line with Cross Colours, the leading street wear brand, which was founded by Carl Jones in 1989. The collaboration will allow the two entities to put out a five-piece collection, which will all be available this fall.
As Wright, Bryant and Freeman continue to branch their brand internationally, Freeman said the company will continue to “bring about retro brand awareness.”
With Wright’s background in business, sales, media, photography and film; Freeman’s expertise in finance and investment; and Bryant’s experience in the entertainment and fashion fields, the partners feel they have what it takes to make Sneakah Boutique the future of retro.
MN: How did the three of you come together to launch Sneakah Boutique?
Wright: The Sneakah Boutique concept came around in the summer of 2013. I was working for a Fortune 250 company and I’ve always liked fashion and art and I wanted to come out with a retro-style sneaker store. So one day when I was driving home, I came up with an idea and a concept and I brought it to Whitney and Ernest’s attention. They liked the business plan and the concept so we went forward with it.
MN: In just over a year, you have taken great strides in the street wear industry. How have you maintained your focus?
Bryant: Everything goes hand in hand and I think how we are branding, how we are doing our marketing plays a big part in success. For us, there has been this driving force behind how we have been able to make our presence known and how we have chosen to brand ourselves and that is what is behind some of the creative alliances that we are making. We were able to pigeon-hole and target the industry that we wanted and we went after it aggressively.
Ghanaian Entrepreneur Catherine Hagan Leverages Her Knowledge Of African Trends To Build Her E-Commerce Site
In the last five years especially, African style has been back on the collective cultural radar: Mercedes Benz and Vogue Italia sponsored African Fashion Weeks. Brands like Burberry and Suno have released African-inspired collections. Stars like Solange Knowles and Michelle Williams have adopted and adapted culture from the continent and exposed it to their millions of fans.
But even as the world gets in on the trend, African entrepreneurs and talents are capitalizing on their intimate understanding of African consumers, as well as their relationships on the continent, to capture markets at home and overseas. With her new company Makowla, an eBay/Amazon-style marketplace for African and Africa-inspired designers, Ghanaian entrepreneur Catherine Hagan is among this enterprising crop.
We asked Hagan how her connection with the continent helps distinguish her brand in this increasingly competitive market.
MadameNoire: Your company’s name Makowla is reminiscent of Ghana’s famed open-air market Makola. What inspired the name and how much does Africa’s local marketplace economy inspire the Makowla business model?
Catherine Hagan: Exactly, the name Makowla is a spin off the ‘Makola’ Market in Ghana because just like Makola, the open air market in Ghana, Makowla is a place where people can buy and sell all items (not only clothing) the only difference is that on Makowla they are doing it online.
I never really connected shopping with Twitter, but pretty soon you may be able to shop right on your Twitter timeline. On Monday, a new “Buy now” button popped up on various tweets, all of which included goodies that link back to shopping site Fancy, reports Mashable. The button only appeared on mobile. It didn’t appear on Twitter’s web version.
Tech news site Re/code first discovered the tweets, but the button didn’t work. So it looks like Twitter is just testing out the idea of entering into offering e-commerce services.
“The tweets, which no longer appear in the form captured by Re/code, gave a possible glimpse into Twitter’s plans for creating a new revenue source. So far, the social media site has relied on sponsored tweets, essentially advertising, to make money, but Wall Street wants more,” reports CNet.
When asked for a comment by Mashable, Twitter did not immediately respond. But Twitter’s entry into e-commerce has long been rumored. According to a Wall Street Journal report from April, multiple ad types were on the way for Twitter, including shop-able Twitter ads. And Twitter put its toe in the water when Amazon launched a similar shopping feature on Twitter. “The e-commerce giant now lets users put things in their shopping carts by tweeting #AmazonCart in response to any tweets with an Amazon product link,” reports CNet.
Twitter isn’t the only social media sites considering — or have tried — social shopping. Facebook tried and failed with Facebook Gifts for example. Social networks, with their viral component and the ability to add photos and clips, could attract online shoppers. Though we’ll have to see if consumers are ready to go shopping when they’re just doing a little leisurely tweeting.
If Twitter does actually roll out a shopping option let’s see how it plans on enticing you to spend your money.
What is one of the most exciting days in stores all year? Black Friday of course! Black Friday turns (some) consumers into beasts, with shoppers getting their claws out for the latest gadgets, toys and clothing throughout Thanksgiving, all at the same time.
While some might love the thrill of the hunt in stores, many are turning to their computers for their shopping adrenaline rush. If you haven’t considered Black Friday shopping online as an option, let us give you a few pros and cons about the splurge in e-commerce shopping this holiday season.
Recently the company launched ads, in an effort to address that revenue issue. However, even before the formal launch of advertising, businesses have long been using Instagram to showcase their products and grow their businesses.
According to figures compiled by Bloomberg Businessweek, 72 percent of adult internet users are joining social media and 44 percent of cell phone users sleep with their phone next to their bed. And with over $231 billion being spent on online shopping, it’s clear the internet and social media is big business.
It can be a great option for small businesses just starting out to reach the audience they want to tap into. Jeff London and Marc James, founders of a New York based independent clothing company, King Panda Apparel, utilized Instagram to reach out to high profile celebrities, influencers and stylists to take their brand to another level.
“Kevin Mccall, we reached out to him a while ago, and we tagged him in several photos and then we wrote him a message on his Instagram photo and he connected us to his person, and we were able to get in touch with him,” explained London. “The same thing [with] Craig Wayans.”
Other high profile personalities they’ve successfully engaged with on Instagram include DJ Absolut (Hot 97), Planet VI (songwriters for the likes of Kelly Rowland, Rihanna, Miley Cyrus) and Jazzy Pha.
Having recently completed business school, fashion model-turned-TV mogul Tyra Banks has made a new business move. She just announced that her company, Fierce Capital, LLC, will invest in The Hunt, the first community driven online shopping experience that makes products seen in social media photos locatable, reports Black Enterprise. This is also the first investment for Fierce Capital.
Banks, who recently completed the three-year Owner/President Management program at Harvard Business School, created Fierce Capital, LLC to help startups raise capital and develop profitable business plans.
Fierce Capital aims to identify, develop and invest in early-stage startup companies, including firms that are female-led or female-focused. It’s the investment arm of The Tyra Banks Company, of which Banks is chairwoman and CEO.
The Hunt is the first community driven online shopping experience that makes it simple to shop for the things you see in photos on sites like Pinterest, Facebook, Instagram and Tumblr. Based in San Francisco, it was co-founded by tech entrepreneurs Tim Weingarten and Simon Peck.
“The site provides a true social shopping experience, allowing consumers to find and buy products based on suggestions from others in real time,” notes BE.
“The Hunt brings a fun and innovative approach to shopping and fashion,” said Banks in a press statement. “What I love most about The Hunt is that women help other women find their perfect outfit H2T [head-to-toe]. I am excited to be part of this new approach to collective retail and styling.”
The Hunt has already surged to one million monthly unique visitors and hundreds of thousands of active members that have started more 150,000 hunts and found over 250,000 products for each other.
College students have been finding innovative ways to make money since the birth of higher education. From waitressing weekends, to setting up salons in dorm rooms, hustling is just as much a part of the college experience as the classes themselves. Current students like University of Kansas senior, Jacque Amadi, are giving that hustler’s spirit a tech upgrade.
A psychology major and business minor, Jacque doesn’t have a resume that screams fashion. She dabbled in fashion blogging, but never thought to pursue it professionally. Her online boutique, Lioness, started as a celebration of her hobbies and interests, one she hoped would ease the financial woes that come with a college education.
“I would sell clothes on eBay whenever I needed money,” says Jacque. “And I love thrifting, even if I don’t keep what I find. With blogging and taking pictures – I loved doing it, but I was broke. So, I wanted to do all these things that I love in a way that could make me money.”
There’s one extra twist. Lioness is a digital time machine where the dial is always set to 1995. Jacque may be too young to remember the top news stories of the decade, but the images she saw as a child made a big impression on her.
“At first I was selling any vintage clothes I found, but then I decided to focus on the 90s because I felt that time period was the best time period for African Americans in terms of our exposure and our reach on television,” Jacque said.
American Express is giving us more ways to shop, because that’s exactly what we need.
The financial service company has partnered with Twitter to introduce “Amex Sync,” which will let cardholders sync their accounts with Twitter in order to buy things using special hashtags. Customers already had the ability to learn about new discounts via Twitter. But this takes the social media integration to another level to include the ability to actually purchase goods. A statement from American Express (quoted in Business Insider) says that, starting today, users can buy a $25 Amex gift card for just $15 “by tweeting #BuyAmexGiftCard25.”
Once you activate your account, you’ll start interacting directly with the @AmexSync handle. This, of course, adds to the perks of having an Amex card. For Twitter, this could be a moneymaking opportunity. And for shoppers, here’s your chance to buy a little something without clicking away from your Twitter timeline.
After the jump, we’ve got a short clip with the details. If this proves successful for Amex, certainly other card companies will follow suit. Will you be shopping on Twitter any time soon?
Last year after her first baby was born, Asharah Damore was looking for something to keep her creative juices flowing as well as make a little money while she stayed home with her newborn son. “Although this was a tremendous blessing I felt like I was losing my identity after about the six-month mark. I knew I didn’t want to go back to work but I wanted to make money doing something I enjoyed,” Damore explains to us.
So she turned to eBay. “I frequent the thrift stores and I would always see brand new or next to new items not in my size which I would pass [on] buying because I had no one to buy them for,” she says. “So I decided to start buying a few of those items too see if I could re-sell them on eBay.”
Damore found nearly immediate success, but the eBay format took time to master. “The first month was great and but it was hard to keep the momentum because on eBay keywords are very important and depending on how you list your items someone searching for what you have may or may not be able to find it,” Damore points out. “So you have to be creative on how title you listings.”
It’s not hard, however, to get started. First, you need to set up an account by registering on the website. “There’s no fee for listing items so long as you do not exceed 50 items per month; after that, the fee is nominal. In addition, once your item sells, you must pay eBay nine percent of the sale price, with a maximum fee of $250,” reports Forbes.
Ebay gives users two options on how to sell their products. The most common is the auction method. A seller establishes a baseline price (reserve), the length of auction and can even strike a deal, called “Buy it Now.” You can also lists items for sale at a set price with no bidding.
Now, you have opened a virtual business. Treat it as such and be professional in your approach, online language and dealings with customers. Forbes suggests picture your eBay business as a virtual storefront. “There are also websites, such as auctiva and The Seller Sourcebook, that provide thousands of templates based on a variety of categories. Pick one that works for you. Then be sure to categorize each item correctly so it can be easily found,” reports Forbes.