Growing Small-Business Local Economy with Marketplace eCommerce

Understand the uphill battle small-businesses have as they try to grow their business when we see challenges with the retail space declining with the rise of eCommerce and mobile purchasing.

See how Marketplace eCommerce platforms can help small-businesses use eCommerce as a new sales channel to continue to grow and help fight against the retail giants.

Transcript

1. Growing the small business local economy with marketplace ecommerce AJ Morris
2. OST IN DEPARTMENTSTORES OBS CREATED IN LAST15 G TO ECOMMERCE. 448,000 JOBSL SINCE 2002. ONLY 178,000J YEARS RELATIN Go Far Together IT ALL STARTED HERE
3. 448,000 JOBS LOST IN DEPARTMENT STORES SINCE 2002. ONLY 178,000 JOBS CREATED IN LAST 15 YEARS RELATING TO ECOMMERCE. Go Far Together Main streetdda • Locally owned • 25 separatebusinesses • Single retail front • Community minded
4. 448,000 JOBS LOST IN DEPARTMENT STORES SINCE 2002. ONLY 178,000 JOBS CREATED IN LAST 15 YEARS RELATING TO ECOMMERCE. Go Far Together Let’s talk retail stores
5. 448,000 JOBS LOST IN DEPARTMENT STORES SINCE 2002. ONLY 178,000 JOBS CREATED IN LAST 15 YEARS RELATING TO ECOMMERCE. Go Far Together IN 2017 6400 RETAIL STORES CLOSED
6. 448,000 JOBS LOST IN DEPARTMENT STORES SINCE 2002. ONLY 178,000 JOBS CREATED IN LAST 15 YEARS RELATING TO ECOMMERCE. Go Far Together FAMIL Y CHRISTIAN BOOKSTORES - 240 LOCA TIONS RADIO SHACK - 1,000LOCA TIONS GYMBOREE - 800 LOCA TIONS P A YLESS SHOES - 900LOCA TIONS YOUNKERS - 256 LOCA TIONS
7. 448,000 JOBS LOST IN DEPARTMENT STORES SINCE 2002. ONLY 178,000 JOBS CREATED IN LAST 15 YEARS RELATING TO ECOMMERCE. Go Far Together MORE BUSINESSES ARE SHUTTING THEIR RETAIL SPACES AND INVESTING MORE IN ECOMMERCE EXPERIENCES.
8. 448,000 JOBS LOST IN DEPARTMENT STORES SINCE2002. Go Far Together
9. Go FarTogether ONLY178,000 JOBS CREATED IN LAST 15 YEARS RELATING TO ECOMMERCE.
10. Go FarTogether Small-businesses have an uphill battle to remain inbusiness
11. Go FarTogether Anyone know thiscompany? Let’s talk eCommerce amoment
14. Go FarTogether eCommerce 14.3% Growth in2018 Amazon 40% of all US onlineRetail
15. Go FarTogether 51.9% all retail sales
16. 34.5% Total eCommerce sales happen on mobile phones
17. Business growth can be attributed to ecommerce sales
18. HOW CAN SMALL-BUSINESS RETAILERS COMPETE WITHOUT HIGH DOLLAR BUDGETS?
19. DID YOU KNOW THAT 30% OF ANNUAL RETAIL SALES OCCUR DURING THE HOLIDAY SEASON?
20. JEWELERS SEE CLOSE TO 40%
21. AVERAGE SHOPPER EXPECTS TO SPEND AROUND $1,007.24. $637.67 ON GIFTS $215.04 ON FOOD, DONATIONS, FLOWERS, GREETING CARDS $154.53 ON SEASONAL DEALS AND PROMOTIONS
22. Small-businesses need to attract more during holiday season
23. WHAT CAN SMALL BUSINESSES DO TO CAPITALIZE ON BRINGING SOME OF THAT SPEND INTO THEIR BUSINESS?
24. Go FarTogether WHAT ARE THE ASSOCIATED COSTS TO START AN ECOMMERCE BUSINESS?
25. Go FarTogether Domain WEB HOSTING EMAIL HOSTING CREDIT CARD PROCESSING Inventory MANAGEMENT SHIPPING DESIGN DEVELOPMENT software
26. Go FarTogether WHAT DOES THIS LOOK LIKE IN DOLLARS? ABOUT IF PROFESSIONAL DO IT. ABOUT IF YOU DO SOME YOURSELF.
27. Go FarTogether WHAT DOES THIS LOOK LIKE IN DOLLARS? ABOUT $10,000 IF PROFESSIONAL DO IT. ABOUT $5 ,000 IF YOU DO SOME YOURSELF.
28. Go FarTogether 25 Businesses all built individual ecommerce websites – $150,000 to $250,000
29. Go FarTogether What is amarketplace ecommerce platform?
30. Go Far Together
31. • • • • • Dashboard Inventory Own store front Payment gateway Shared carts • Go Far Together
32. • • • • • Dashboard Inventory Own store front Payment gateway Shared carts • • Short code based Works with virtually any theme Go Far Together Each individual store has:
33. 16 of the 25 businesses joined the platform at launch
34. By focusing on ecommerce sales – small businesses can seegrowth
35. Partnering with other local businesses can help save you money – andyour business!
36. Go Far Together Aj morris Product innovation& Marketingmanager