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cindylouwho-2 · 2 months

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Etsy Fourth Quarter Earnings 2023 - Still Banking on Improving Marketplace Sales, But Not Revealing Many Plans

Slide 23 from Etsy's 4th quarter 2023 earning report, © Etsy. it shows what percentage of sales each major category has, with performance in the quarter.

Etsy’s fourth quarter results for 2023 were as uninspiring as expected, but despite revealing few plans, the corporation is convinced it can increase gross marketplace sales through its gifting and other initiatives. There was a lot of interesting information for shop owners, though, so let’s get right to it.

First, here are the resources that you should read/watch yourself, if you want to know more:

the press release

transcript of the conference call

slides from the conference call

video of the call (click on “Webcast” under “Latest Quarterly Results”)

my summaries of the fourth quarter 2022, and the third quarter 2023 for comparison

Then, the basic numbers (covering October to December 2023, compared to the same period in 2022):

Sales on Etsy were $3.6 billion, down 1.4% year over year

Total sales for all 3 marketplaces (Etsy, Reverb, and Depop) were $4.0 billion, down 0.7%. [Elo7 was officially sold in mid August; its numbers were still included in the comparison totals of 2022]

Etsy’s revenue (including all 3 sites) was $842.3 million, up 4.3%

Seller service revenue was up 9.4% to $226.5 million, while marketplace revenue was up 2.6% to $615.8 million

Net income was $83.3 million, down 24% (mostly due to the layoff costs of $27 million in the quarter)

Active buyers on Etsy alone stand at 92 million, a third consecutive all-time high

Active sellers on Etsy alone are now 7 million, the fourth large jump in a row compared to the previous quarter; numbers had been stagnant through the end of 2021 and all of 2022 [Note that “active” means one charge or transaction in the past 12 months; many “active” shops currently have nothing for sale.]

Sales where the buyer and/or the seller was not in the United States were 45%, up from 44% last year, but down from 47% in the previous quarter

Sales on mobile are 68%, up from 67% last year [this includes both the buyer app and mobile browsers]

As always, I am reporting what Etsy’s representatives said in the main text, with my commentary in square brackets.

Etsy Search

At the moment, Etsy’s search algorithms aim to show shoppers things they are most likely to buy. They are currently working on changing that to showing what buyers are most likely to love after the purchase. They refer to items that consistently get high reviews, have good photography, and whose shop owner provides good customer service, has quality return policies and ships on time, as “quality” items, or, “the best stuff.”

This is all a work in progress, so search may not change drastically any time soon. Past calls and interviews have related this to the increase in Etsy Picks assigned in the past few months; they plan on using those Picks to train the algorithm to find “quality”, especially quality photos. The items staff identify as “quality” convert twice as well as other listings, so there is obvious benefit to Etsy showing them higher up in search results.

Etsy has added some of the features in its “neural ranking model” to non-US searches; previously it was only in the US searches.

Advertising

Offsite Ad spending was down 4% in the quarter vs. 2022, in part due to competition bidding higher than Etsy thought was worthwhile. At the time of the call, that spending was back to normal. Per slide 21, money from Offsite Ads fees covered about 35% of what Etsy spent on the ads during the quarter.

CEO Josh Silverman explained why the performance marketing (Offsite Ads) spend can be unpredictable.

“So performance is dynamic on a, really, hour-to-hour basis depending on the ROI we're seeing on every dollar we're spending. And we've got pretty sophisticated algorithms that work on, is this bid -- is this click worth this much right now and how much should we bid. And so to the extent that CPCs rise, we naturally pull back, or to the extent that CPCs lower, we naturally lean in. The other thing, by the way, it's not just CPCs, it's also conversion rates. So in times when people are really budget constrained, we see them actually -- we see conversion rate across the industry go down. We see people comparison shop a lot more. And so we are looking at all of that. And not humans, but machines using AI are looking at a very sophisticated way of what's happening with conversion rate right now, what's happening with CPCs right now.”

Etsy also does testing twice a year where they stop running ad such as Google Shopping ads in part of the country, and then compare with the areas still advertising to see if the buyer still would have bought. Silverman admitted that the data shows “often the answer may be yes.”

Overall marketing costs went up 7% in the year.

The Gifting Initiative

Etsy is now aiming to brand itself as the place to go to buy gifts. Gift Mode is just the start of this campaign. Their surveys report that more than half of US gift giving is based on personal occasions that occur year round, such as birthdays, or “just because”. People in the US spend an average of $1600 a year on gifts, but Etsy’s US buyers only average $38 spent per year on gifts from Etsy. They estimate that less than half of Etsy buyers in 2023 used the site to buy at least one gift. There is obviously an opportunity to do better.

The percentage of US residents thinking of Etsy as a good place to buy a gift is now down to 10%. [Previously, the company reported it was 12%, and I commented last quarter that I’d like to see a more recent survey to judge if they have used this knowledge to improve.

“Only 12% of buyers will name Etsy top of mind as the place to shop for gifts.” They don’t seem to have any updated numbers showing how they’ve been improving that situation. [It’s time to go after that “enormous opportunity”, Josh!]”

So despite wanting to grab a bigger gifting share before now, Etsy has managed to lose ground. This is my biggest fear about the gift push: the market was there before now, and Etsy’s own research demonstrated that. Are they only going all in now that they have run out of other ideas?]

There were 6 million visits to Gift Mode in the first 2 weeks. [I am not really impressed, given that they promoted it very heavily, and I was personally responsible for over 100 of those visits while researching my Gift Mode blog post.]

Other plans to bring in buyers

Silverman stated “[o]ur focus will be to make Etsy even more Etsy”, and to differentiate the marketplace from sites that sell everyday needs. The following quote deserves to be read in full:

“Most other players are competing head-to-head to sell the exact same merchandise, focused on selling at $0.02 cheaper or shipping it two hours faster, and this has resulted in the commoditization of the entire experience. But that's just not Etsy.”

[This seemed to be a completely unironically-intended comment, with no recognition of the fact that he actually discussed speeding up shipping times in the same presentation, nor of the well-known fact that so much on Etsy these days can usually be bought cheaper on Aliexpress or Shein.]

He also said that the “special” aspect of Etsy is what sometimes holds the site back, as buyers might consider Etsy limited to specific items, or might “worry about the post-purchase experience”. Bringing people back more often is a goal. [They’ve been saying that for years now, though.]

The company is currently doing buyer loyalty program research, but gave no further details. He also cited “shortening our estimated delivery dates this year by at least 2 days” as something that buyers should like, but it is unclear to me reading this if the work done last year (the year discussed in this call) already shaved 2 days off of delivery dates, or if the statement is this year’s goal. I think it is the latter [but the only ways to do that are to improve the accuracy of their tools - and I am not sure that they are currently 2 days longer than reality on average - or to pressure sellers to ship faster. Since Etsy is once again updating shop settings to add weekends to shop processing times without notifying us, I guess we can assume the latter? UPDATE (Mar 19): Silverman clarified at a recent talk that "we think we can cut shipping times on Etsy by at least two days this year."]

Other things sellers need to know

Etsy Ads now involve some localization outside of the US, which increased conversion rates. [If your ad performance changed in non-US countries during the quarter, this is the most likely reason.]

Neither sales or Etsy’s revenue are expected to increase until the second quarter, and they expect revenue to grow faster than sales this year. [Revenue is almost certain to increase, as the corporation has been surveying sellers on what they would be willing to pay more for.]

“In 2023, we removed approximately 140% more listings for violations of our Handmade Policy than in 2022.” [No word on how many of them were removed erroneously, though, as we know the “Temu” bots pulled a lot of truly handmade items that had photos stolen and listed on other sites.]

Silverman promised “innovation planned to improve the predictability of shipping costs for both buyers and sellers”, but provided no details. [I am not sure what would make my personal costs more predictable, given they change every single week with Canada Post’s fuel surcharge right now. Is it going to be forcing people to use Etsy Labels with calculated shipping? Or is this more calculated shipping options for countries outside of the US, and for new carriers? Restricting the amount a listing can charge for shipping? I really have no idea, but I hope all those people they hired for “fulfillment” jobs a few years back are coming up with something that is actually useful.]

Miscellaneous

Depop had a decent quarter in sales and revenue.

Reverb sales were flat. “The Reverb team made some organizational changes late in the year” which are expected to be profitable [i.e., they laid off over 30 people in October].

The Etsy layoffs in December were referred to by CFO Rachel Glaser as “our recent workforce realignment”. [At least she didn’t call those former employees churn.] The call provided no details on the restructuring they previously said would be done by the end of this quarter.

October sales were not good, but November and December improved. January “was a little bumpy.”

Outside of the US, sales in Germany were mostly steady, while the UK, Netherlands, Switzerland and Austria improved.

The upcoming $15 fee for newly-opened shops will largely go to paying the costs of the technology for vetting sellers; it is not expected to result in much profit.

My thoughts: this is going to be a rough year for many Etsy sellers

As I discussed last quarter, Etsy’s upper brass didn't seem to think they were responsible for the lackluster sales performance of their marketplace, and this quarter that extended to not admitting they overhired since early 2022, and not acknowledging that Etsy’s reputation as a gift site actually dropped over the past few years. The last one is particularly galling. Why keep talking about how there was great room for improvement in Etsy brand recognition for gift buyers and then fail to improve even a tiny bit? What were these folks doing the past 2 years?

It’s clear they think bravado will get them through this, including the bold move of claiming everything will improve in the second quarter and throughout the year without revealing any real details. No wonder the stock dropped yet again.

That said, they likely have some reasons for thinking that revenue will pick up at least, if not sales. As mentioned above, they have been extensively surveying sellers about raising fees and/or charging us for things we currently get for free (or mostly do not want). Possible downsides for Etsy include the fact that the Indie Sellers Guild and the Artisans Cooperative (among others) are likely to get more negative press for Etsy if fees are raised yet again, just as happened in 2022. It does not help that Etsy didn’t really follow through on improved services the last time they raised fees.

And the more I think about the comment on shipping costs, the more I believe they are considering making Etsy Labels compulsory for at least some in the US, with set shipping charges sellers won’t be able to change. Bonanza did this last year, charging its US sellers $2 per order extra if they didn’t use Bonanza labels and didn’t get an exemption from the program. Most Etsy sellers using the labels and being forced to show that price as the shipping cost for buyers is the only way I can think of making shipping prices more predictable for buyers, other than capping shipping charges outright (and that sounds like a nightmare to implement). eBay does it, though. Am I missing something? [UPDATE Mar. 5, 2024: Etsy is surveying buyers about how much they like cheap shipping.]

Perhaps more importantly, the planned search changes have the potential to disrupt the status quo a great deal. We know that Etsy frequently takes a lot longer to develop these types of technologies than they expect, so it may not happen this year, but the work on promoting “quality” listings will continue, and that is already affecting some shops that used to do better in Etsy search. Do everything you can to make sure your images are "high-quality". If you rely on internal search to get most of your Etsy sales, this is a very good time to follow my usual advice and diversify your traffic sources.

Etsy’s branding pivot to being the place to get gifts could also have a big impact on some shops and categories, if it is successful - and that is a big “if”. I’m not thoroughly convinced Etsy can manage this change in consumer consciousness, considering that the site’s reputation continues to be hammered by controversies around scams and non-handmade items. Kitkats, anyone?

Many other comments do not bode well for most shop owners: a continuing push for discounting, emphasis on faster shipping times, and financial restrictions/impositions on “newly-opened” shops all indicate that traffic may flow away from small business owners who choose not to comply, or are unable to comply.

Last quarter I said “[d]on’t be surprised if there are major site changes in 2024”, and I appear to have been correct. But really, anyone reading these reports over the past few years could have seen it coming.

Stay well informed, everyone! It’s the best weapon we have.

Reminder that you can sign up to receive my Tumblr and website blog posts via email.

UPDATED March 19, 2024

#ecommerce #EtsySellerNews #etsy #microbusiness #cindylouwho2

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nitya-sh · 2 years

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Top 7 Forex Trading Platforms 2022

An online stock trading platform that allows you to buy and sell stocks, cryptos & forex from your computer or smart phone. Also known as brokerage accounts, they are offered by financial institutions. When you open an account and make a deposit, it connects you with other buyers and sellers in the stock and bond markets, allowing you to trade stocks and bonds as well as investment vehicles other than ETFs.

While all brokers today allow customers to trade online (instead of calling traders on an exchange), some online stock trading platforms operate only online while others combine stock trading with traditional financial advisors who provide help and advice.

While every trading platform is different, stockbrokers can be divided into two broad categories: discount brokers and full service brokers. These Discount brokerage firms offer self-directed portfolios, which require a hands-on investing approach, meaning you pick your own stocks, bonds, and ETFs. With a discount broker, you have complete control over your securities and when you want to trade them. Full service brokers offer a more traditional approach. In addition, The online access to your investments, these companies often pair you with a financial advisor who can advise you on which stocks to buy or even manage an entire portfolio investment for you.

How to choose the best online trading platform?

Financial Goals: One of the most important questions you should ask yourself before you start investing is why in the first place. Are you trading to create a retirement account, or do you expect it to become a hobby? Be honest with yourself when answering this question. Because which platform you should choose will ultimately depend on your investment goals. If your goal is primarily to throw your keys into the system by investing in meme stocks, the platform should give you the freedom to do so. Online Trading Platform vs Robo Advisor

Trading Requirements: Day traders make many trades in a day. So they need a platform that is fast and reliable while enjoying the lowest possible trading commissions. Meanwhile, investors aiming to pay for a trip or gift can preferentially integrate with their bank account to deposit their spare cash directly into savings. Before deciding to use an online trading platform, make sure that it can meet your needs based on your trading habits.

Read Also: best ETFs Canada

Investment & Trading Style: How long you’ve been trading – or if you’ve ever traded – is an important factor in the type of platform you should choose. Beginners may want to start with an automated custodian that manages a diversified bond and stock portfolio for you. Those interested in learning how to actively trade should look for platforms that offer basic educational resources, responsive customer support, and allow them to practice trades before entering the real world. . Experienced traders can benefit from platforms that allow them to issue specific types of trades, have more sophisticated analytical tools and start trading as soon as possible.

Top recommended 7 Forex Trading Platforms in 2022

Xtreamforex – The best overall Platform

Xtreamforex stands out as our best overall platform for the trading. It is the most trustable ECN broker online. They offer an opportunity to trade on Forex, Commodities, and Crypto & Indices. You can open the account without initial cost. To start trading $5 micro account is available.

Moreover, Xtreamforex offers two most famous ways to start investment in the forex trading i.e. PAMM services & Copy trading services. If you have a single investment goal in mind, you can either manage the portfolio yourself or use these company’s investment options.

Pros: Cons:

Tight Raw Spreads available

PAMM & Copy trading Investment options

Provides MT4 & MT5 trading platform

Variety of accounts available for all the

needs & demands of all type of traders

Best Customer Support

Premium Education support available

No Swap & Commission fee

Cons:

a) Mobile app not available

b) doesn’t support futures trading available

c) No access to Mutual Funds

XTB: Best xStation5 platform provider

XTB is an award-winning CFD platform that supports Forex, Indices, Commodities, Stock CFDs, ETF CFDs and Cryptocurrencies. For Forex, XTB supports 48 currency pairs with low spreads. XTB clients can choose between trading on the xStation 5 or MT4 platforms. For leveraged accounts, this broker offers leverage up to 200:1.

Pros:

xStation 5 or MT4 platforms available

Trade on 3000+ trading instruments

Low spreads

Cons:

a) Fewer Forex pairs than some top competitors

b) No 24/7 Support

E trade: Best for Beginners

E-trade offers a wide variety of investment options, from simple online brokerage accounts designed for new investors to advanced trading and investment options for experienced traders There are no online trading fees for US-listed stocks, exchange-traded funds, and options, making it easy for new investors to start building their portfolios. There are also managed portfolios for those in need of further guidance with annual management fees starting at 0.3% of investment assets.

Pros:

Mobile app available

Manage portfolio with annual fees investment account 0.3%

Cons:

a) $500 minimum to open automated

b) High Margin rates

c) $0.50 per options contract if you make 30 or more trades per quarter

FP Markets: Provides 3 trading platforms

FP Markets offers a wide range of tradable assets through Forex, CFD and Stocks trading accounts. FP Markets supports MT4, MT5 and IRESS platforms and offers leverage up to 500:1. You can trade 45 currency pairs with competitive spreads or commissions.

Pros:

3 Trading platforms available

10,000+ trading assets

Cons:

a) Possible of additional fees

b) High Spreads

c) Minimum opening balance AU $200 required

Betterment: Best for Hands-Off Investors

Betterment is a roboadvisor that allows you to easily “set and forget” your investments. It may not be ideal for investors who want to actively trade stocks, but it is a great option for more conservative investors who are just starting out or not. Betterment’s investment platform takes the tedious work out of the equation for investors, allowing them to choose an investment strategy that works on autopilot.

Pros:

Commission free trading

Robust Trading tool

Cons:

a) No human financial advisor

b) No Robo-advisor option

FXCC: Best trading conditions

FXCC is a robo advisor that allows you to easily “set and forget” your investments. It may not be ideal for investors who want to actively trade stocks, but it is a great option for more conservative investors who are just starting out or not. Betterment’s investment platform takes the tedious work out of the equation for investors, allowing them to choose an investment strategy that works on autopilot.

Pros:

Commission free trading

Research & Educational Material

Cons:

a) High withdrawal fees via bank wire

Tickmill : Most regulated broker

Tickmill offers more than 80 CFD instruments for trading Forex, Indices, Commodities and Bonds through three main trading accounts known as Pro Account, Classic Account and VIP Account. They also offer a demo trading account and an Islamic swap free account.

Pros:

Multiple regulations & license

Competitive Spreads

Commission free trading accounts

Cons:

a) No MT5 trading platform available

b) Stock trading not available

Choosing the best Forex Trading platform

It is recommended to choose the forex trading platform according to your trading needs and strategies. But there are few common factors which have discussed above is must required for all types of traders. I have usually review the services of all the trading platforms available online & on the basis of the customer satisfaction, I have recommended these above best trading platforms which you should be considered in 2022.

#cryptocurrency #forex trading #cryptomarket #investment #tradingplatform

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arafatssss1267 · 4 months

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Bet on buying e-commerce, Xiaohongshu does not want to be a KOL

At the beginning of 2022, Xiaohongshu launched its self-operated e-commerce project "Little Oasis" again. This time, Xiaohongshu adopted the "store-in-one" model, trying to HE Tuber open up a closed shopping loop from planting to pulling weeds for users. In terms of categories, Little Oasis tested categories such as beauty, skin care products, fragrances, and fashion home furnishings. Then, as the search volume and content of "camping" related topics in community content continued to grow, Little Oasis began to focus on camping, skiing, and cycling. Outdoor sports scenes such as walking and hiking.

However, it is completely different from the conventional e-commerce platform's skillful approach of moving from hot spots to hot items to best sellers. The popular items on Little Oasis only sell about a thousand pieces. Jingzhe Research Institute believes that this is related to Xiaohongshu’s continued mid-to-high-end positioning in category selection and its focus on niche markets.

I have to mention Xiaohongshu’s active user portraits here. Public data shows that Xiaohongshu currently has 260 million active users, of which 72% are users born in the 1990s and more than 50% are users in first- and second-tier cities. A survey on Xiaohongshu’s hot-search word cloud for users in different industries revealed keywords such as “quality,” “guaranteed,” “high unit price,” and “quality of life,” which are probably also Xiaohongshu’s self-operated e-commerce categories. It has never strayed from the line of high quality and high unit price.

This is like a landlord who has a surplus of food, and there is no need to put down his body and do hard work for the time being. This also explains that Xiaohongshu has always been fully vigilant about the community atmosphere of the platform, so any attempt that may harm the community atmosphere will be reconsidered. .

In addition, Xiaohongshu also faces pressure from major manufacturers on the grass-growing track. From 2021 to 2022, Taobao will launch "Wangwang", Pinduoduo will launch "Pinxiaoquan", Tencent will launch "Penguin Huimai", JD.com will have "Grass Planting Show", and Meituan will also launch "Treasure Box" . Surrounded by a pack of wolves, Xiaohongshu had no choice but to go on the defensive if it did not want to become cannon fodder in the fierce battles between big manufacturers, and commercialization was forced to give way to the shaping of community atmosphere.

As for the current reason for choosing to launch a high-profile effort in "buying e-commerce," Xiaohongshu has accumulated a certain reputation among user groups as the community atmosphere has continued to accumulate in recent years. The peak of user growth also makes Xiaohongshu need to use commercial results to prove its value.

Data from the "2023 China Mobile Internet Spring Report" released by QuestMobile shows that China Mobile Internet's monthly active users were 1.208 billion in March 2023, a year-on-year increase of only 2.11%. China's mobile Internet traffic has entered the era of stock.

This has also affected Xiaohongshu’s traffic. As early as the end of 2021, Xiaohongshu’s monthly active users have reached 200 million. Current public data shows that Xiaohongshu’s users range from 260 million to 300 million. Growth increasingly stagnant. In September, Xiaohongshu announced that it would gradually close welfare clubs and small oasis in October and November respectively, and fully focus on "buyer e-commerce". Xiaohongshu e-commerce, which had been dormant for a long time, finally ushered in the competition with other e-commerce companies. The moment of platform battle.

2. How do e-commerce buyers put new wine in old bottles?

Xiaohongshu’s advantage is that it has long-tail creators, allowing content producers to try e-commerce and become buyers. Therefore, Xiaohongshu launched the concept of “buyer e-commerce”, which is in line with its own advantages and differentiated positioning.

However, if you study carefully, you will find that Xiaohongshu is very restrained in its definition of the "buyer concept". It has not taken the initiative to define the core role of "buyer", and the externally declared characteristics of "buyer" and "manager" "Let buyers become the link between products and users" is more like the platform trying to summarize and summarize. In fact, this kind of vague treatment is in line with Xiaohongshu’s consistent strategic play.

The first thing that needs to be clarified is “What is the definition of a buyer?”

Buying originated in Europe in the 1960s and has now become a mature profession. The buyer's responsibilities are defined as serving a specific target customer group, predicting fashion trends, and balancing product prices. That is, taking into account the functions of purchasing, management and operations.

In terms of role function alone, "buyer" is not the same as the common "blogger with goods." Because the latter focuses on product selection and matching, compared with real brand buyers, they lack a say in all aspects of the industry chain such as design, production, technology, quality control, and logistics. Xiaohongshu COO Conan also mentioned that Xiaohongshu buyers have professional knowledge and the ability to deeply understand user needs, and can better convey product value, establish trusting relationships with users, and continue to provide services to users.

It can be seen that in Xiaohongshu's model, buyers will manage their accounts through daily notes, accumulate fans, and then select products that match their own labels and fans' tonality, and finally sell the goods through live broadcasts or pictures and texts. . Xiaohongshu hopes that by allowing content creators to achieve the integration of product and effect, content creators will become the connector between products and users, and establish a habit from planting to purchasing for Xiaohongshu users.

The advantage of this is that by focusing the purchase link and transaction link on the buyer, Xiaohongshu itself does not have to go deep into supply chain management and after-sales processes, and can meet the diversified and personalized needs of individual users for high-quality goods. In this regard, Xiaohongshu claims to empower the community with 50 billion traffic, and its approach of discovering and cultivating more bloggers who fit Xiaohongshu’s style and building product links is also part of the evidence.

To put it simply, what Xiaohongshu wants is not Li Jiaqi, but countless Dong Jie, Zhang Xiaohui and Yi Nengjing.

In January this year, Dong Jie launched her first live-streaming show on Xiaohongshu, ranking first on Xiaohongshu’s daily sales list. Relevant platforms estimate her GMV to exceed 50 million. The popularity of Dong Jie’s live streaming model allowed Xiaohongshu to find a live streaming format and opportunity that fit its own platform, and Xiaohongshu finally had a benchmark case for bringing goods.

Later, Xiaohongshu invited Zhang Xiaohui, the "first generation socialite", to start a live broadcast on Xiaohongshu. The first battle was successful, and the popularity of the 6-hour live broadcast exceeded 600 million. According to Xiaohongshu data, the number of viewers of this live broadcast called "Rose Window" exceeded 600 million. 1 million visitors, GMV exceeded 50 million yuan.

Since then, Xiaohongshu has continued to develop its live broadcast strategy for celebrities and celebrities, and invited Yi Nengjing to join Xiaohongshu. The live broadcast on September 6 attracted 1.68 million viewers. Nearly one-fifth of the approximately 120 products are focused on consumer products with high "self-pleasant" attributes such as perfumes and essential oils.

It can be seen from these celebrity anchors that the live broadcasts on Xiaohongshu sell not only products, but also experience, style and personal IP. Therefore, the focus of "buyer e-commerce" is not on the part of bringing goods, but on the process of buyers sharing their real life experiences, creating their own IP and building trust with fans. This is the biggest difference between Xiaohongshu’s buyers and “gold-selling” anchors who bring goods. It is also the “new wine” that Xiaohongshu wants to add to regular content e-commerce forms such as live broadcasts, short videos/images and texts, etc.

3. Who pays for e-commerce buyers?

The development of short video delivery and live e-commerce has turned the traditional e-commerce model of "people looking for goods" and "goods looking for people" into a "people-to-people" behavior. Behavior patterns such as being planted by bloggers' content, or actively searching for relevant note content in order to seek shopping guidance, further enhance the value of the content.

In the "buyer e-commerce" model, because the quality and price of the product directly affect the anchor's image and reputation, users can also benefit in terms of product selection and price. However, the entry barrier for merchants has become higher.

First of all, the brand must obey the management of the community, and at the same time establish its own communication channels based on the tone of the community, then acquire fans through long-term operations, and gradually integrate into the discourse system of Xiaohongshu. The advantage is that the trust and stickiness of fans will be very high. However, the active participation of brands also extremely tests Xiaohongshu’s product framework.

For example, content functions and e-commerce functions need to be integrated in a clear and easy-to-accept way. As an App, Xiaohongshu is complex in terms of rich content and product framework. It has a dual-column structure of both product flow and search flow. How much business content is appropriate to display on a two-column page? This will test Xiaohongshu’s choice between maximizing community atmosphere and commercial content.

In terms of business pace, how the platform can provide basic tools and complete mechanisms for amateur bloggers in terms of product selection and supply, traffic recommendation, content competition, etc., to help merchants obtain the conversion rate they want to attract merchants to settle in is also of great importance. test.

The only thing that is certain is that content e-commerce has two core advantages: first, it affects consumers’ purchasing behavior and consumption logic based on content with demand value, which has less negative impact on both supply and demand sides; second, the content itself has Traffic stickiness can occupy users' minds and build deep transaction trust. Xiaohongshu is already deeply aware of these advantages.

For small and medium-sized brands, this is a huge opportunity. Because Xiaohongshu pursues traffic equality, although there are many top bloggers on the platform, users can still find amateur bloggers in many cases, and in some event topics, the content of amateur bloggers will also be recommended.

Therefore, whether small and medium-sized brands are advertising or operating their own accounts, they are likely to be seen by potential target users. Through long-term operations, brands can also complete value conversion in the long-tail traffic brought by content. Of course, this also brings about the problem of how to balance native content and marketing activities, but the key to the problem lies in "people".

Under the "buyer e-commerce" model, the power of monetization is delegated to the creators themselves, allowing users to choose the creators, and the platform serves as the referee. Build trust through front-end content. Under the ideal traffic distribution logic based on traffic equality, everyone can truly share their life and be noticed. Which buyers users trust will pay for their products. Users like Whichever scene is constructed is consumed in the scene.

Based on this, Xiaohongshu's "buyer e-commerce" model can identify niche target groups with relevant consumption abilities and habits from within the platform, and connect them with unlimited products, thereby creating better private traffic and strong repeat purchases. ability.

Obviously, "buyer e-commerce" focusing on small and medium-sized individuals is completely opposite to the logic of traditional content e-commerce "large traffic for large sales". This is because Xiaohongshu is unlikely to actively cultivate absolute top KOLs, whether based on its own genes or ensuring the purity of the content ecology.

From Wei Ya, Simba to Li Jiaqi, the overturn of leading anchors may only be a matter of probability, but the platform cannot withstand the performance pressure caused by this. Therefore, cultivating small and medium-sized bloggers to become buyers is more in line with Xiaohongshu’s ideal e-commerce path.

As a result, the risk faced by the platform for top anchors to go solo is further reduced. Secondly, in a content environment without leading anchors, merchants need to rely on the help of the platform to reach scattered small and medium-sized buyers and achieve the goal of high GMV. And through refined content operations, creating phenomenon-level topics to drive actual sales conversions is exactly the ability that Xiaohongshu has acquired when focusing on content ecology in recent years.

Whether it is search e-commerce or live broadcast e-commerce, the essence of the industry of exchanging traffic for sales has not changed, but in the past, as the head anchor of high-traffic portals, it has more efficiency advantages. And when the entire Internet is increasingly facing competition for inventory, the long-tail value of content is gradually being noticed.

It can be predicted that whoever can discover the value of every user in the future will be the winner in the era of stock Internet. In this dimension, the test faced by Xiaohongshu has just begun.

#Film & Animation #Music #Pes & Animals #Sports

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nimupates · 4 months

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#games #video games

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joiedevivrevehicles · 6 months

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Renault SA Talks About The Challenges Faced Due To The EV Shift

Renault SA Managing Director, Tshifularo about his career path, products and Renault SA’s prospects after the 2035 European fossil fuel ban on cars

Shumani Tshifularo hails from a village outside Thohoyandou, Limpopo. He is a chartered accountant and his work experience includes CFO at a local airline, a stint in the heavy machinery leasing sector and posts in several divisions at the Motus Group.

Working his way up

In 2007, Tshifularo was Africa operations MD of Eqstra Fleet Management, and in 2009 he became CFO of Toyota Forklifts — another division — and then MD.

He left the group briefly in 2019 and rejoined Kia SA as its commercial director. The Korean car brand along with Hyundai, Mitsubishi and Renault, form part of the Motus vehicle import division that represents 23 passenger and commercial original equipment manufacturers (OEMs) in SA.

His stint at Kia lasted a year before the coronavirus pandemic hit. Thereafter, he joined Renault SA as commercial director, leading the project to convert and bring to market the Renault Triber Express panel van, among other projects.

In March 2022, he succeeded former Renault SA MD Jaco Oosthuizen who now leads the Motus Group in Australia.

Products

Growing the Renault brand forms a large part of his immediate responsibilities. The company ranks in the top ten best-sellers nationally. The focus is on strengthening model numbers, starting with the new Renault Captur. It’s an important and popular model with SA customers. The Austral SUV, the perfect replacement for the Kadjar, is not confirmed.

Another model in contention is the Renault Oroch, a half-tonne bakkie based on the Renault Duster. Market research continues on this cool-looking yet perplexing bakkie, which is more a lifestyle loader than a workhorse.

“We must ensure that we get the price and positioning correct before deciding if the Oroch gets the green light,” emphasised the MD.

Renault Stellenbosch has covered this topic a number of times and will most likely continue to provide the latest on the Oroch bakkie.

A batch of 55 Megane RS Ultime — the last model to wear the now retired Renault Sport logo — is now available for order, and though production of right-hand drive Alpines has commenced, we could not draw the MD into this topic. Besides, we sought a more interesting local angle. This raises excitement for local Renault dealers like the popular Stellenbosch branch.

Going electric

Efforts to launch the Renault Arkana hybrid in 2024 are at an advanced stage, and this will mark Renault’s first foray into electrified mobility in this market. Dacia is the Romanian-born sister brand of Renault, and it markets a technical twin of the popular Renault Kwid, now with a fully electric version.

Is the brand not picking up on the opportunity to sell affordable electric cars in SA?

Tshifularo says his team is looking at various solutions, but there are challenges, especially load-shedding. He recently commuted in Paris in the all-electric Renault Zoe city car and says there were some issues, mostly non-functioning street-charging stations. So, it seems some European grids also are not coping with demand.

Another challenge with the electric Kwid is pricing. Prices start at €17,000 (R333,000). This is about R100,000 more expensive than even the priciest Kwid in this market. It would be unattainable and pointless to Kwid’s customer base, added the MD.

2035 fossil fuel ban

With Europe set on banning the manufacture of fossil fuel cars by 2035, Tshifularo outlines what he foresees will be the saving grace for markets behind the electric curve. He says the majority of Renaults sold in SA are built and sourced from India, and he anticipates this arrangement will continue beyond 2035.

He says there is talk of some of the Indian assembly plants already planning affordable new energy vehicles by then. Based on these outcomes, perhaps there will be something small, fully electric and suitable for our market conditions.

News shared from https://bonjourrenault.wordpress.com/2023/10/29/renault-sa-talks-about-the-challenges-faced-due-to-the-ev-shift/

#renault #renault cars #Renault news

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techdost-meerut · 7 months

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Top 10 Startups in Meerut, Uttar Pradesh

Meerut is a Historical City which is situated in Uttar Pradesh, Meerut falls under the National Capital Region(NCR) which makes it a new emerging startup hub, Let's explore some best startup in Meerut that have become the most talked about startups

Here is a list of the top 10 startups in Meerut, Uttar Pradesh, across the tech, business, AI, and education sectors:

1.TechDost Services Pvt. Ltd.

Sector: IT services

Founded: 2017

Description: TechDost is an award-winning IT company that deals in website design and development, software development, digital marketing, mobile app development, SEO services, graphic designing, PPC services, and other IT services. It was founded by a young entrepreneur Mr. Shani Deshwal & Mr. Amit Kumar. It is a private limited company that delivers the finest IT services in Meerut, Delhi, & NCR. TechDost is a flagship brand of Menace Techdost Services Private Limited and it’s a recognised startup by DPIIT India.

2. Vedmarg Educational ERP (School, College, Institute)

Sector: School Management Software

Founded: 2021

Description: Vedmarg ERP is a school management software that helps simplify the administrative operations of the school and other educational institutes. The software is furnished with 100+ modules to deal with the day-to-day activities of an academic institution. Vedmarg has registered with 1000+ schools across the country in just a short period. Here is the list of core modules of Vedmarg ERP:

Fee Management Software

Attendance Management Software

Student Information Management System

Teacher & Staff Management

Transport Management System

Expense Management

Leads Management

Communication Tools including SMS and email

Online Marksheet Generation

Access to Study Materials

3. Petuk Ji Pvt. Ltd.

Sector: Food Delivery

Founded: 2022

Description: Petuk Ji is a B2B2C food ordering and delivery marketplace that provides one-stop solutions to fulfill all your daily needs by connecting you with your nearby local sellers of vegetables, fruits, fresh meat, kirana, and restaurant Foods, etc. to get fresh things delivered at your doorstep in minutes. It is a startup that is led by women and has been selected among the top 100 startups in India by Google and MeitY.

4. KhelMart

Sector: Sports e-commerce

Founded: 2015

Description: Khelmart is an online sports platform that deals or sells a wide range of sports goods and equipment. It has a strong existence in the Indian market and It also exports its products to international customers.

5. Growmedrx Pvt. Ltd.

Sector: Trading Company

Founded: 2022

Description: Growmedrx is a Wholesale and retail trade company in Meerut, There are 3 Directors associated with Growmedrx Private Limited. They are MANZAR HUSSAIN, MOHD SUHAIL, MOHD NADIM ANSARI.

6. Bombardier Education Private Limited

Sector: Education

Founded: 2022

Description: Bombardier Education is a leading education service provider in Meerut that gives a wide range of educational courses, including school education, higher education, vocational training, etc.

7. Team Creators

Sector: Marketing Agency

Founded: 2021

Description: Team Creators is a complete suite of certified professionals enriched with experience and knowledge in brand management, digital marketing, media marketing, PR, and much more. The company was founded by Mr. Naman Jain, They roped up hundreds of influencers from different fields, and they aimed to frame strategies and campaigns to create brand positioning in the market. They have a strong presence in Delhi, Noida, Gurugram, & Meerut. Their expertise is in the following industries:

Hospitality

Restaurants

E-commerce

FMCG

8. Business Babu

Sector: Import & Export

Founded: 2012

Description: Business Babu is a service-oriented company founded in 2012. They help businesses in acquiring their registration, export licenses, and import permits. They are excitedly focused on the ‘Make In India’ campaign. Therefore, they want to guide new-age businesses to start and existing businesses to enlarge through our expertise services. Their primary services include Ornamental Fish Import License, Digital Signature Certificate, Import Export Code, and AD Code registration.

9. Dawaghar

Sector: Pharma(Ayurveda)

Founded: 2019

Description: Dawaghar is a faithful online store that delivers Ayurvedic products to your doorway. They hold a complete suite of Ayurvedic medicines under one roof. You can visit their website for your health-related products. They have chained with more than 50 Ayurvedic brands currently.

10. Neosafe Chemical

Sector: Agricultural based

Founded: 2019

Description: Neosafe Chemical India Pvt. Ltd. is an agrochemical company founded by Mr. Pankaj Kumar. Their vision is to meet the difficulties of the farmers by offering justifiable solutions for their growth and development. Their well-known products are Titoni, Neoplus Active, Fossil, Flatius, Neo-Noora, etc.

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creativeadagencyadzze · 8 months

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Today, as we mentioned earlier, consumers are very connected, so AR technology is a necessity and a revolutionary technology with wide use. Additional interactive levels of information contribute to increasing perception by applying AR technologies. The consumer is in both the real and virtual worlds at the same time. Thanks to AR or this combination, the audience can communicate with the object in real-time. AR advertising is one way to present products to more successfully communicate between sellers and buyers. The use of AR as part of marketing strategies has been used by 88% of companies (OVR, 2021) that belong to the middle market, we learn from the Deloitte study. Discover how Augmented Reality ads work and what they can do for your business!

AR advertising using a mobile phone camera places 3D meanings on the ad stage with the actors according to a thoughtful scenario and about the user’s actual environment. Video and multimedia destinations are in use. Augmented Reality ads. An increasing number of brands are fully centered on AR advertising. 5 Great Augmented Reality Advertising Examples For Your Business.

To more successfully communicate between sellers and customers, we use AR advertisements. AR advertisements provide a new visualization of products at a richer level. The goal is to be innovative and advanced for mutual benefit. By 2022 (OVR, 2021), advertising spending is predicted to be a minimum of 2.6 billion dollars.Based on growth trends, there are predictions that the global AR market will reach a value of about $97.76 billion by 2028.In the competition in the global market, AR advertising examples stood out, i.e., companies and brands.

1. Walmart (a multinational retail corporation)

Walmart has successfully converted its retail stores into test sites, allowing them to serve as both a place to buy and fill online orders. An application has been introduced that facilitates the transfer of goods via the seller’s handheld device, which simplifies complicated individual scans.Marketers use marketing campaigns to create very interesting, spectacular, and interactive experiences. Among the strongest who use AR marketing are Burger King and Amazon.

2. SNAP

New and very attractive use of the augmented reality that, using AR tools, enables the virtual spraying of paint on already drawn murals in a London street or the use of local lenses to map important landmarks.

To approach the target audience, AR advertising uses digital components based on sites using interactive flyers, interactive 3D models, and websites.

3. ASOS

The use of See my Fit enabled fashion industry actors to work from home. See my fit has at the same time provided an improvement and a new experience for customers.One of the best ways to justify the use of AR is to study current trends in order to forecast the market’s future.Thanks to modern technology, the customer will be able to review and analyze the product at home with just a few clicks. In this way, it creates an unbreakable bond with the brand. At the same time, this experience multiplied the visual attention (Awexr, n.d.) and the effect of surprise, as well as increased memory by 70%.

4. Burberry

Burberry created an exciting and one-of-a-kind experience by utilizing AR and the QR code. Customers can watch while using the statue movement technique in the store.The QR code reinforces unique and immersive experiences in AR and enables the display of 3D interfaces. The AR QR code has evolved into an optical system that visualizes content.

5. Amazon.com

Amazon is a multinational technology company that, in addition to many AR marketing tools, also uses the unimaginable advantages of the AR QR code to achieve the best results.To achieve the best results using AR OOH ads, a bridge should be established between traditional and digital, conversions should be monitored, and engagement and interactions should be increased.

Conclusion

An increasing number of brands are fully centered on AR advertising. This digital advertising has inspired interactivity, has become a necessary component between brands and customers. As a result, AR advertising is both the most complicated and the simplest way to bring the product closer to the target audience. Thanks to its great benefits, it obliges brands to form new concepts within the development of this ingenious technology.

#Augmented Reality Advertising Examples #Augmented Reality Advertising

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technicalbloog · 1 year

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Redmi 7 (Comet Blue, 2GB RAM, SD 632, 32GB Storage, 4000mAH Battery) & Latest Product

Price: (as of – Details) From the manufacturer The Ultimate all-rounder High performance, low power consumption Qualcomm Snapdragon 632 Octa-core processor Redmi 7 is equipped with the Qualcomm Snapdragon 632 Kyro 250 octa-core processor that allows you to operate faster and smoother. Browse the web, complete urgent tasks and have a vivid gaming experience with the Adreno 506 GPU. 4000mAh…

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cindylouwho-2 · 9 months

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Etsy Second Quarter 2023 Earnings Report - Get Ready For More Pressure To Discount

Above - Slide 9 from Etsy's Second Quarter 2023 report. © Etsy

Etsy's second quarter 2023 results beat projections, but the outlook for the third quarter was weak, and that has led to a sharp drop off of the stock. No doubt investors were unimpressed that Etsy has no convincing plans to begin increasing sales and profits again. The call announced nothing truly new in that vein.

First, the resources for this post:

the press release

transcript of the conference call

slides from the conference call

video of the call (click on “Webcast” under "Latest Quarterly Results")

my summaries of the second quarter 2022, and the first quarter 2023 for comparison

The basic numbers (covering April to June 2023, compared to the same period in 2022):

Sales on Etsy were $2.6 billion, down 0.7%

Total sales for all 4 marketplaces (Etsy, Reverb, Depop, Elo7) were $3.0 billion, down 0.6%

Etsy’s revenue (including all 4 sites) was $628.9 million, up 7.5%

Seller service revenue was up a whopping 20.8% to $175.9 million, while marketplace revenue was up 3.1% to $453 million

Net Income was $61.9 million, down 15.3% (in part due to the impairment charge from the impending sale of Elo7)

Active buyers on Etsy alone stand at 90.6 million, an all-time high

Active sellers on Etsy alone are 6.3 million, the second large jump in a row compared to the previous quarter; numbers had been stagnant through the end of 2021 and all of 2022 [Note that “active” means one charge or transaction in the past 12 months; many “active” shops currently have nothing for sale.]

Sales where the buyer and/or the seller was not in the United States were 47%, up from 44% last year, but most Etsy buyers are still in the US

Sales on mobile are now at 68%, up from 66% last year [this includes both the buyer app and mobile browsers]

I'll cover the points of the biggest interest to sellers below, with my comments in square brackets.

Advertising (On and Off Site)

Etsy Ads (the onsite ones) again helped increase the services income. CFO Rachel Glaser mentioned that "XWalk, our real time retrieval engine" was now a part of the Ads algorithm. [It was previously introduced in search results, to help draw connections between multiple sets of data rapidly as someone is searching.] They are now able to show ads in more places, increasing site profit.

Offsite Ads (aka performance marketing) cost roughly the same in the quarter, due to testing which led to Etsy reducing money spent on some platforms.

From the press release: "We expanded performance marketing investments from 13 to 20 non-core countries, now including the Czech Republic, Greece, Hungary, Poland, Portugal, Romania, and Slovakia."

Etsy Search

CEO Josh Silverman feels Etsy has made progress in search relevancy (Slide 6). Therefore, the next step is to "better identify the quality of each listing, so that from this relevant result set, we bring the very best of Etsy to the top. Our data shows that high quality listings attract a higher value buyer than our average listings, attract more repeat and habitual buyers, and most importantly, they often convert over 2 times better than other listings." No actual definition of "high quality listings" is provided. [This may be a refinement of the listing quality score.]

Etsy is training its machine learning software on "...a best of Etsy library, which is curated by expert merchandisers based on the visual appeal, uniqueness, and apparent craftsmanship of an item." (Slide 7) The models are then expected to find the best items out of large search results, and return those for searchers. [I hope these aren't the same human curators who supposedly selected the "Etsy's Pick" listings, as my only Etsy's Pick listing is a commercial pendant on my hand-cut chain. Totally Etsy-legal, and even appealing and well-made, but hardly unique - there are hundreds or maybe even thousands of these pendants on Etsy right now. (In my defense, there were a lot fewer when I started selling them.) Only my chain falls close to the realm of unique, due to the clasp.]

Etsy is also working on "collapsing" similar items on the first few search pages into sets, and offering shoppers several different sets to choose from, "showing you just the very best of each of a set of very different items". [I believe I have seen a test like this, where several rows of slightly different search results are shown for some queries. It could also mean an expansion of the "more like this" link under individual listings on the search page.]

[It appears to be time to accept that Etsy is not interested in being a site for niche searches any more; management only cares about the large searches converting. I understand what the engineers were trying to do with training the systems by adding more items in and letting the customers signal which results were good, but small and niche searches have only gotten worse over the past 3-4 years, and they've now effectively told us we can't expect any more improvement in this area. Search effort is now going to winnowing down large searches, not improving very small ones.]

Upcoming Promotional Plans & Focus

As usual, Etsy is focussed on retaining existing buyers as well as adding new ones. Hitting an all-time high in active buyers this quarter shows some progress in this area.

Given that "[t]here's no question this is a very promotional environment," we should expect to see more features around sales and discounts, as shown in Slide 9 at the top of this post. Those 3 boxes are part of a scrolling banner at the top of the Etsy home page in the US right now. [If you have tried to run a sale lately, you have already noticed that the lowest percentage off sale is 25%. You can enter a custom amount, but 25% is the default if you don't click for more options.]

They are already testing "a new price discovery functionality utilizing buyer demand data to help sellers think about how to price their items and when or how they might best use promotions as part of their mix." An example is shown in the top right corner of Slide 11 - see below:

[If this works as badly as the old tool from years ago - the one that compared hammered sterling silver pendants to plastic ones - then it will be a waste of time. And don't forget the tool that tells us our shipping for large heavy items is overpriced because it is comparing the listing to the shipping rates of the smallest items in the same category. The list goes on... However, many sellers would appreciate knowing more about what similar items are actually selling for, and it is possible Etsy heard that request, so we shouldn't write this test off before we see it.]

The new wedding registry has been doing well, with 14% of sales coming from first-time buyers. Etsy is opening a baby registry in August, and more categories may follow.

Silverman said that the Purchase Protection Program (PPP) "...reduced the issue resolution time for cases by approximately 85%". [I guess when there are rarely humans involved in adjudicating cases, that does tend to save time.] The site will soon mention this in even more places, to increase buyer confidence and bring them back more often.

Also on the way: "Buyers will see some new AI assisted ways to find crafted quality gifts for the loved ones at great value with even more confidence that these gifts will arrive on time." Gifting will continue to be a promotional focus.

Payment Reserves

Following the recent media attention to payment reserves, one analyst asked what the policy was meant to do in terms of benefiting the marketplace, and how the company is addressing the complaints. Silverman fell back on the "sellers not able to fill a rush of sales" example [even though that hasn't been the main reason for most of the recent reserves], and mentioned the previous day's announcement that reserves would be changing.

Depop, Reverb, and the Exit of Elo7

Etsy is selling Elo7, and is apparently taking a loss on it.

Depop's sales and revenue grew this quarter (year over year); new ideas and developments are detailed on Slide 16.

Reverb is still doing better than the general musical instrument market; details on Slide 17.

Miscellaneous

sales were down this quarter due to the month of April; May and June were both up, as was July [so the third quarter is up so far, but they noted the company traditionally has lower sales in August and September]. Silverman stated that the economy is in a down cycle, but that cycles change.

sales are declining in United States zip codes where the average household income is below $100,000 a year, and are growing in the zips above $100K a year.

the increase in marketplace revenue was partially due to having more non-US transactions, which usually have higher payment processing fees charged.

"advances in ML capabilities have enabled our enforcement models to detect an increasing number of policy violations." Slide 10 states they've "...removed 29% more listings for violating our Handmade Policy in 1H 2023 vs. 2H 2022". It's not clear if this includes all the ones they removed in error and later had to reinstate. [It's not just handmade takedowns that were mostly wrong. They caught my 2 "drug paraphernalia" listings earlier this year, as well as many top selling item from big shops, for no reason. As I explained in my coverage of the annual transparency report, only 5% of items Etsy reviews for violations actually need to be removed from the site. Increasing takedowns is a bad thing when they are almost all wrong, and especially when real and easy-to-find violations - such as boxes of commercial potato chip packages and actual roach clips - remain up. This initiative continues to get an F.]

almost 20% of vintage shops are choosing to use the new "Make an Offer" option.

Why Etsy Needs To Do More To Impress Investors

If you watch or read these calls every quarter, or even just read my summaries, you will note that there was very little new here, and certainly not much new that one would expect to substantially increase sales across the site. I think the upper brass recognized that, as the "challenging" times were stressed repeatedly, and they are still occasionally comparing numbers to the pre-pandemic stats.

Yes, it is great that Etsy has basically retained all of its pandemic growth; many other platforms - such as Wayfair and eBay - did not. However, analysts seem to be over that now, and are looking to future growth. Etsy's response seems to be that any substantial increase in marketplace sales will have to wait until the current uncertain world economic cycle improves. While they talk about incremental increases in sales expected from some current projects, their own projections for the third quarter aren't reflecting that growth, given Etsy now has more active buyers and sellers than ever before.

Have they possibly lost too many successful shops due to overreaching with payment reserves? Are buyers expressing concerns on that topic? Now that many more sellers can opt out of Offsite Ads, is that dragging down the company's income at all? Are they truly out of new ideas? These are questions that the analysts and the media need to be asking.

Perhaps Etsy is planning on another release that will lift marketplace sales, but right now they are keeping it secret. The company probably can't afford to wait on this much longer, though, if it cares about the stock price.

#EtsySellerNews #etsy #ecommerce #microbusiness #cindylouwho2 #marketplace

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chipsxp · 1 year

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Dell XPS 9570 Intel Core i9-8950HK 32GB 1TB SSD 4K UHD Touch NVIDIA GTX 1050 Ti

Dell XPS 9570 Intel Core i9-8950HK 32GB 1TB SSD 4K UHD Touch NVIDIA GTX 1050 TiCondition: Guaranteed Renewed Seller Notes: “Case shell is BESt Class 'B' cosmetic classification with blemish, scratch, no dent, edge nicks, and very clean. Screen display BESt Class 'A' cosmetic classification with no mark, no scratch, no dead pixels, and high visibility/contrast. BESt Rechargeable Battery fully functional with around 80% battery health. Comes with genuine Dell 130W charger.” Processor: Intel Core i9 8th Gen. Screen Size: 15.6 in Graphics Processing Type: Hybrid Graphics Color: Silver RAM Size: 32 GB AC Adapter: Genuine Dell 130W MPN: 0HWTMH SSD Capacity: 1 TB Most Suitable For: Casual Computing, Gaming, Graphic Design, Workstation GPU: NVIDIA GeForce GTX 1050 Ti with Max-Q Design Processor Speed: 2.90 GHz Se

This Dell XPS 9570 Intel Core i9 32GB 1TB SSD NVIDIA GTX 1050 Ti UHD 4K is BESt. Huh?

PerformanceTest Version PerformanceTest 9.0 1035 64-bit Number of processes used for CPU Tests: 12 System summary Windows 10 Professional Edition build 19045 (64-bit), 1 x Intel(R) Core(TM) i9-8950HK CPU - 2.90GHz, 31.7GB RAM, Intel(R) UHD Graphics 630, NVIDIA GeForce GTX 1050 Ti with Max-Q Design (Mobile), 954GB SSD, General System Name: DESKTOP-8FSDHVE System Model: XPS 15 9570 Motherboard Manufacturer: Dell Inc. Motherboard Name: 0HWTMH Motherboard Version: A00 Motherboard Serial Number: /4414QV2/CNCMK009590012/ BIOS Manufacturer: Dell Inc. BIOS Version: 1.27.0 BIOS Release Date: 08/12/2022 BIOS Serial Number: 4414QV2 Battery:Battery Information Battery ID 791SMPDELL GPM0365 Manufacturer SMP Serial Number 791 Chemistry LION Long Term 1 Sealed 0 Design Capacity 96991 Last Full Charge 83847 CPU CPU manufacturer: GenuineIntel CPU Type: Intel(R) Core(TM) i9-8950HK CPU - 2.90GHz Read the full article

#4k #geforce #i9 #intel #nvidia #screen #touch #uhd

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cherishabledesigns · 1 year

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We Bring Your Baby Announcement Day To Life

Specialising in baby gifts, birth announcement plaques and wooden height chart, Cherishable Designs makes those cherishable moments a little more memorable.

We Bring Your Baby Announcement Day To Life

Welcome to Cherishable Designs!

Here, we help parents (new, old, & expectant) and newlyweds with baby gifts.

birth announcement plaques

Our handpicked collections cut across all events. Be it Christmas, announcements, hospital essentials, milestone sets, mobile, or nursery - our gifts make the cherishable moments memorable!

Shop with us; let's create memorable moments together.

We Specialize In Baby Gifts

At Cherishable Designs, we are not a store where "baby gifts" is just another one of many categories. With us, it is the only category.

We live and breathe baby gifts.

In short, our store is a one-stop destination for all things baby gifts. It doesn't matter whether you want,

l birth announcements,

l baby announcement cards,

l baby announcement wording,

l wooden height chart, or

l wooden growth chart

We have it all!

Our specialty also ensures that we only pick the best grades and quality. You won't worry about getting less value from your money's worth.

Our products are a steal for their prices and the best across Victoria.

Seeing is believing; we invite you to check our designs and products!

Physical Visits For Everyone

We welcome you to visit us at stockist stores across Victoria. Come find us to check and verify the quality of our products firsthand.

Come and see where and what you are investing your hard-earned money in!

Quality asides, visiting our stores will show you why we are different from other baby gift dealers across Victoria.

So, it doesn't matter whether you're in Ferntree Gully, Monbulk, or Chirnside Park. You can attest to the quality of our products firsthand.

If you live outside the listed areas, we can arrange a custom "show." Also, we can direct you to the closest of our stores to your location.

Let us know what you want!

Buying From Us Helps The Local Community

Creating memorable experiences for you and your baby is our specialty. But we do more!

We care for the planet and people as much as we do for you and your baby. That is why we support local businesses and producers.

In other words, for every birth announcement wording, height and growth chart, or any baby gifts purchased at Cherishable Designs, you are helping put a smile on local producers and small businesses.

About our partnerships, they are carefully selected for high-quality products and trustworthiness. Some of our top partners include:

l Market Fair

l Monbulk Emporium

l Emporium At The Park

Giving back to the community aside, we also have something for you. This is our way of celebrating you as a thoughtful parent.

In addition to providing affordable and quality baby gift items, we have freebies on bulk orders:

l For every order above $100, you will get free standard shipping.

l You'll get a free gift box when you buy baby gift items worth over $150 at Cherishable Designs.

Check through our collection, order in bulk, and enjoy the freebies!

Our Story

Started in 2022, Cherishable Designs was an idea that sprung from a hobby. Wanting to relieve the stress of working as a nurse, our founder decided to paint.

From a simple painting hobby, Cherishable Designs grew into a big dream. We evolved from a simple seller of baby decor designs to a one-stop destination of all baby gift items.

Today, we are not just painting for ourselves. We bring joy to parents and their babies.

We would love to do the same thing for you and your baby!

Let us know your needs; contact us via any of the channels below:

Email: [email protected]

Website: https://www.cherishabledesigns.com.au/

https://www.instagram.com/cherishabledesigns/

https://www.facebook.com/cherishabledesigns/

Our Map Location:

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hakesbros · 1 year

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New Homes For Sale In Albuquerque, Nm

A unhealthy money circulate, then again, means you won’t have money on hand to repay your debt. The typical home worth in Albuquerque is $310,473 on Zillow. Between 2019 to 2020, Albuquerque home values went up by eleven.8% . Last year has been sizzling scorching for sellers as over the past yr homes for sale in albuquerque nm alone the Albuquerque home values have gone up 19.5% and can proceed to rise in 2022. The provide could be very tight and with all the opposite components thought-about, right now, it is unlikely that the Albuquerque housing market will see a worth decline in 2022.

Buying an investment property is totally different from shopping for an owner-occupied home. According to actual estate consultants, shopping for in a market with growing costs homes for sale in albuquerque new mexico, low curiosity, and low availability requires a different method than buying in a cooler market. A little over seventy percent of residents own their homes.

At Twilight Homes, we give home patrons the chance to create a house that fits their household, their type, and their budget by providing quite a few floor plan choices together with a selection of upgraded amenity decisions. As an area home builder, we take pride in constructing for today homes for sale albuquerque and for future generations of New Mexico householders. We don’t just sell homes, we help individuals build the home they will love. MHVillage may combine details about you that it has gathered with info that it may acquire from enterprise partners or other sources.

Properties listed as single household home, apartment, and townhouse have been thought-about. In accordance with relevant MLS rules, IDX listings displayed on this site could also be filtered by certain objective criteria, including price. The offerings new home builders in albuquerque are topic to errors, omissions, modifications, including price, or withdrawal with out notice. Search for Albuquerque luxury homes with the Sotheby’s International Realty network, your premier resource for Albuquerque homes.

With employment centers close by, your commute is a breeze, giving you extra time with the household at space parks, sports activities fields, eating places, and entertainment venues. The Homewise real property team is devoted to serving to you find the best home on the right value, and might new homes albuquerque be there to guide you through every step of the house buying process. Homes available on the market at present and connect safely with an area agent in your neighborhood. With MHVillage, its easy to remain up to date with the latest mobile home listings within the area.

Maybe you have done a bit of actual property investing in Albuquerque, NM but wish to take things additional and make it into greater than a pastime on the facet. It’s solely wise to think about how you can and must be investing your cash. A good cash flow means the funding is, needless to say, profitable.

#real estate #albuquerque

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digitallign1 · 1 year

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Buy this Ecommerce BABY Niche store in just $49

VIEW THE LIVE DEMO: https://baby-kids-store-10.myshopify.com/ PASSWORD: 1234

Visit for more store information https://empireecom.com/

Shopify is one of the best ecommerce platforms to run your own online store. This template will add style to your Shopify website and will set your shop apart from the rest. Perfect for any small business owner, edit the theme banners with your product images and color scheme.

YOU WILL RECEIVE:

- If you contact this [email protected] mail, Then we will transfer the store file to that mail within 24 hours

- Shopify Theme Zip File (ready to upload to Shopify)

- PDF with links to the Canva Templates to edit your Shopify Banners

- PDF Installation Guide with step-by-step instructions

STYLED SHOPIFY PAGES:

- Home - About Us - Shop Pages - Product Pages - Frequently Ask Questions (FAQ) - Blog Articles - Contact Us

Main Website Features:

• ✅ Automated Order Fulfillment

• ✅ Live Support Chat Feature

• ✅ Approval Based Review System

• ✅ Advanced Instant Search

• ✅ SEO Optimized Product Pages and Images (Alt tags, file names, etc)

• ✅ Ability to Send Push Notifications to Visitor’s Phones/Desktops

• ✅ Automated Abandoned Cart Recovery Sequence

• ✅ Fully responsive mobile-optimized template

• ✅ Advanced Receipts with Coupons and Tracking Details

Website Includes:

- ☑️ Shopify Store Website Including all content

- ☑️ Pre-Made Professionally Designed Logo

- ☑️ Premium Theme

- ☑️ Main Pages

HOW WILL YOU RECEIVE:

- If you contact on this [email protected] Email, Then we will transfer the store file to that mail within 24 hours.⏳

WHAT YOU CAN DO:

- Change colors, fonts and text - Add/Remove sections on any page - Create new custom pages - Add your own Collections - Create your own drop down menu with your own menu links

YOU WILL NEED:

- A Shopify account - A desktop computer or laptop - you can't install this theme with a phone! - Your own logo image to add in where the Enchanting example logo is shown in the live demo

FEATURING:

- Fade Slideshow section built exclusively for Blog Pixie customers - Built for Shopify 2.0 - Easy drag and drop design - Mobile responsive - A Shopify store styled from top to bottom - Simple set-up instructions to get your store running ASAP

SHOPIFY THEME INSTALLATION

This theme requires you to follow the step by step Installation Guide to install and set it up - it will not look like the live demo straight after uploading the theme file.

TERMS AND CONDITIONS:

This theme purchase does not include assistance with adding additional features, apps, coding or edits. Please reach out to me with any request and I can give you a price, or you can hire a Shopify developer in the Help section of Shopify.

This listing is for SHOPIFY version of Enchanting only. If you purchase this listing the theme will only work in SHOPIFY.

The stock photos shown in the banners are not included with the theme.

As this item is an instant download, no Refunds or Exchanges can be provided once this item has been purchased.

LICENSE

One purchase of this theme allows you to use the theme for your own Shopify website.

You do not have permission to redistribute this theme or any edited derivative of this theme. You will be tracked if this occurs and further action will be taken.

Delivery Information

Your files will be available to download once payment is confirmed.

After that, You have contact on this [email protected] Email Id, Then we will transfer the store file to that mail within 24 hours.⏳

Instant download items don’t accept returns, exchanges or cancellations. Please contact the seller about any problems with your order.🤞

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wamatechblog · 1 year

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How does Dubicar make money?

The Dubicars business model is straightforward. A used car marketplace mobile app like Dubicar is the best platform for buying and selling a car at the right price while also having multiple ways to make money. The majority of Dubicars' revenue is generated by the commission it charges dealers who sell cars via the app.

Dubicars also makes money by allowing other companies to post advertisements on the app, promote their own brands, and provide dealers with location-based featured listings.

DubiCars Business Model

At the same time that the world is rapidly moving toward digital solutions, businesses are rapidly shifting away from traditional platforms and toward digital ones. However, if they want to create a car buy-sell app like DubiCars, automotive investors face a significant challenge in determining how to maximise the income potential of their company investments.

Listing Charges

If you are developing a business model for an aggregator and providing a gateway to use your user base, you will have a great opportunity to charge sellers a listing fee. If this were the case, it would be a fantastic opportunity for you. You can increase the revenue you generate from your app by limiting the number of listings in it to a certain number.

Commission fees are assessed at the time of purchase.

This type of monetization strategy is ideal for automotive investors looking to develop car buy-sell apps like DubiCars because it allows them to charge vendors a commission fee on each transaction completed on the app. You can specify a fixed amount to be deducted from the purchase or a percentage based on a number of different scales.

Advertisement within the app

Giving third-party car companies a spot in your app where they can run advertisements is a great idea, and you can charge them for it. This alternative will be extremely beneficial. You should position advertisements that are relevant to this type of income stream to increase client engagement.

These are a few potential revenue streams for your app that you may want to investigate, but before you hire an app developer, you may be wondering how much it would cost to create car buy/sell apps like DubiCars.

Why Create a Car Buying and Selling Mobile App? - Market Size and Data

Despite the fact that the market for used cars has grown over the last ten years, the market for new cars has shrunk. People prefer to buy used vehicles that are offered at low prices and are displayed on the app.

According to Indian Bluebook, approximately 3.6 million new cars were sold in 2018-19, while approximately 4 million used cars were sold and bought.

Take a look at the cars sold between 2010 and 2020 in terms of both factors combined, according to Statista.

The automobile industry anticipates a decrease in unit sales this year. According to projections, 59.5 million units will be sold globally in 2020, representing a 20% decrease from current sales.

In 2022, the Used Car Dealers market in the United States will generate $146.5 billion in revenue.

According to a Technavio report, the used car market share in the United States is expected to increase by 3.91 million units between 2020 and 2025, with the market growing at a CAGR of 1.98%.

The Advantages of the Car Buy Sell Mobile App for Dealers

They can easily manage the bookings made for their services through the app.

They can set up an online time slot for a buyer to test drive the car. It also contributes to the development of customer trust.

Dealers can respond quickly and effectively to any questions posed by users without wasting time or losing the user's interest in a car they like.

It is simple to obtain customer feedback on the vehicle by using an app. Customers can leave positive feedback about an app's services in a dedicated section.

Because they are linked to secure payment gateways, these apps are dependable and secure.

For the Customers

A user's primary concern is the price that a seller may offer for his car.

They won't have to worry because, thanks to the app, the seller will provide them with a quote for their desired car right away.

Buyers can compare the prices of each car from the comfort of their own homes, saving them the time and effort of searching the market for vehicles and visiting various showrooms.

Because of the large number of people who list their vehicles on these apps, buyers have a wide range of options to choose from.

Customers can schedule test drives in addition to making purchases and interacting with dealers. Customers can now test drive used cars for sale in the same way that they can brand-new vehicles.

For the Automotive Industry

The app makes it simple to integrate the car's inventory both online and offline.

Another significant benefit that the industry enjoys is providing roadside assistance and extending warranty services to car owners.

In order for the transfer to be secure, the car must pass through a number of checkpoints before entering the app's space.

Features to Consider When Creating a Car Buy-Sell Platform Like Dubicars

Before completing a transaction, these apps, like all others, require users to create a username and password. Users can now quickly and easily register for the app using any social media account. When they sign up with their social media account, all of their information is automatically updated in the back end, so they don't have to enter it all over again.

Camera in the App

This one-of-a-kind feature allows users to take photos of their used cars directly from the app and upload them to the website. When buying and selling used cars, a total of 10-15 images, including both the interior and exterior of the vehicle, are permitted. These images would be used by the buyer to decide whether or not to purchase the car.

Notification via Push

It increases user engagement by keeping them informed about all cars that enter the app. If the administrator is running any promotions, discounts, or lucrative offers, they can also send push messages to their users, giving them a sense of belonging.

CRM (Customer Relation Management) (Customer Relation Management)

Giving users the best experience possible and maintaining a relationship with them are two of the most important considerations for any app developer. This is one of those features. Along with all of this, the CRM secures customer data and manages newsletters, analytics, and customer data.

Car comparison websites

A user searches the used car market for the most affordable price for a vehicle. As a result, it is a critical feature of the app that not only allows users to compare the prices of the cars available through the app, but also allows them to identify differences in terms of the car's mileage, specifications, and so on. Furthermore, this feature promotes users' long-term health.

Integration of a chatbot

Personal assistance is essential for gaining your customers' trust. As a result, it is critical for a used car selling and buying app to include chatbots to assist users if they encounter any issues while using the app.

Model in three dimensions

The app should take advantage of the numerous advantages that technological advancements now offer by providing users with a 3D view of the inside and outside of the vehicle. The prospective buyer can move his cursor in all directions to get a better look at the car.

Calculator for Loans

One of the main concerns a buyer has when purchasing a car is the EMI payment. This worry can be alleviated, however, by a feature that allows app users to estimate their monthly EMI payments, making it easier for buyers to decide which car to buy.

Make use of the car valuation tool.

Users can use this feature to learn the average price of a car based on its condition, ensuring that their investment will be worthwhile. Furthermore, it aids in price evaluation based on the car's brand, model, and total number of miles travelled.

GPS monitoring

This feature allows buyers to communicate with nearby sellers. As a result, they will only interact with those who are easily accessible rather than wasting time and effort with those who are out of reach.

Analysis in real time

This feature allows the administrator to keep track of how many vehicles are listed for sale and how many are actually sold through the app.

Make an appointment.

The buyer and seller can use this feature to arrange a meeting time and location to discuss the car. The buyer can also request a test drive at this meeting. This is also for those who want to inspect the car before purchasing it.

Emergency roadside assistance

The administrator or app developers are in charge of the platform-purchased buyer's care. When a customer's car breaks down somewhere, the admin provides roadside assistance.

Loyalty schemes

Customers' needs come first, regardless of the size of the company. As a result, an app provides them with unique loyalty programmes in order to keep them and convert them into devoted customers.

Web application for Car Buying and Selling

Not everyone will be at ease with the app or have the necessary phone storage space. As a result, used car buying and selling companies should have web applications that are accessible via a variety of devices.

Also read : Mobile App Development Company

All apps are compensated for displaying advertisements on users' screens while they use the app. If a user or customer wishes to stop seeing these advertisements, they can change their preferences to suit their needs and remove any irrelevant advertisements.

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atlanticcanada · 1 year

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'It's time for us to mobilize': N.S. ER deaths grow with doctor wait lists

In a week where Nova Scotia's health-care system has been making headlines for all the wrong reasons, there was more bad news Wednesday.

Newly released data shows that deaths in Nova Scotia emergency departments were up 10 per cent in 2022 from the previous year.

Six years' worth of stats compiled by the NDP through a freedom of information request shows 558 people died in emergency departments across the province last year, up from 505 in 2021.

"There's a really disturbing trend," Claudia Chender, leader of the NDP, told CTV News Wednesday.

"This government was elected to fix health care and health care is getting worse," said Chender, who is calling for an inquiry into the increase.

"This is the latest evidence of that, and Nova Scotians deserve to understand why, and what's going to be done about it."

For much of the week, the tragic death of a young mother of three at a Cumberland County hospital on New Year's Eve has been in the headlines.

According to her husband, Allison Holthoff waited for seven-hours with increasing pain in the Cumberland Regional Health Care Centre emergency department before passing away.

The Health Department has launched a quality review to figure out what went wrong.

"Emergency departments across the country were never meant to carry the entire weight of the health-care system on their shoulders, and that's what they've been doing," said Catherine MacNeil, a newly-minted author and retired ER nurse and nurse manager in long-term care.

Her insightful critique of the medical system, "Dying to be Seen,” launched six days ago and is already a best seller at her publisher's store.

The book began as a time-killing project in the early days of the COVID-19 pandemic.

In the meantime, there is no indication pressure on ERs is going to ease-up anytime soon.

New numbers from the province's registry of those seeking a family doctor are fast approaching 130,000 thousand, or 13 per cent of the population.

Patricia Swinamer is one of them -- a situation she describes as "terrifying" as she gets older.

"I have health issues now, and no one to watch me, to help me, to report to," she said from Chester Basin, N.S.

Health Minister Michelle Thompson says the registry itself needs some fixing, but notes tens of thousands of Nova Scotians have access to other options, including virtual care.

She says there's more to the numbers than meets the eye.

"Much of the growth on the list is driven by the growth to our province, and so what's very important is that we continue to provide access to folks as we continue to try to attach them to a family practice," said Thompson.

"It is a very important tool, but we know there are some limitations to it," she said.

But MacNeil says more drastic action will be necessary.

"I think we, as funders of the system, have way more power than we think we do," she said.

"So, it really is time for us to mobilize."

from CTV News - Atlantic https://ift.tt/CRNvbJ0

#new brunswick #prince edward island #nova scotia #news #politics #canada #CTVAtlantic

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