We at Shop Local are always working hard to create new, free software features and updates that will help grow your online business.
For example, we've recently unveiled the Brand File Center, our newest hub for file sharing. Files from Syncing Brands can be added, accessed, shared, or requested for authorized dealers and sales reps -- all in one place.
Please watch the video here to check out the recent update and see how you can access it through your Shop Local account: https://vimeo....
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How social media influencers with the help of Amazon are bypassing brick-and-mortar retail shops
May 23, 2024
Kiara Springs, a 25-year old, is part of a new retail trend, shares The New York Times. She sells about $10k/month online but doesn’t own a brick-and-mortar retail store, pay a landlord rent, go to the wholesale markets, or have a POS system. Her “sidewalk” to get traffic is TikTok, and her “POS” is Amazon. Her “stockroom” is the brand’s warehouse. She has an Amazon affiliate account and goods are drop shipped.
At Shop Local, it's our job to help find ways to grow your online business. Part of that job is researching different registry software to see if it could be a good fit for your store.
If you offer a gift registry service, you may have heard of MyRegistry. MyRegistry is a third-party universal registry service that seemingly integrates with your primary website, stating that they "offer a suite of technology solutions [for retailers] that boost revenue, engage customers, and reduce ...
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At Shop Local, it's our job to help find ways to grow your online business. Part of that job is researching different registry software to see if it could be a good fit for your store.
If you have a Shopify website and offer a gift registry service, you may have heard of Gift Reggie. Gift Reggie is a third-party Shopify app that seemingly integrates with your current website, making it easier to manage your registry offering and boost your online sales.
How competitive techniques can help lure clients and grow a network.
September 10, 2023
Andrew Chen shares in 'The Cold Start Problem' that many times, networks are competing in a zero-sum game. One network gets a customer to join their network and thereby not participate in another. For example, when a driver used Lyft instead of Uber, Uber, which Chen helped, lost. And it lost in two regards: Uber lost the revenue from the lost ride, and Lyft gained the revenue. Chen’s team was tasked with getting drivers to use all their time driving for Uber and thereby unraveling Lyft&...
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EMON MAASHO, CEO AND PRESIDENT OF ORREFORS, NORTH AMERICA, is representative of the exciting trajectory in this 125-year operation. The über-exec joined the New Wave Group in 2013, a time when Orrefors and Kosta Boda (OKB) were underperforming assets in the portfolio. "Our crystal brands are national treasures and a part of Swedish history," Maasho affirms. And he wanted a front row seat in their revitalization. Maasho was placed in charge of the new hotel and restaurant division ...
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What Threads can teach us about leveraging our existing network when launching a new service.
July 22, 2023
Threads, a new Twitter-like service from Meta, the owner of Instagram, launched this month and almost immediately attracted 40m active daily users. The service’s growth has since stalled and now has just over 10m daily users, but that is still commendable. The Wall Street Journal shared that this impressive launch was largely possible because Meta used its built-in network of one billion Instagram users. This user base helped it overcome the “cold start” problem of acquiring ...
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We follow the gift registry industry and Buybuy Baby has been a formidable player in this space. The WSJ reports that Buybuy Baby is being sold for $15m and the stores closed.
Bed Bath & Beyond was recently sold to Overstock.com for $21m.
What we can learn about a company through its mission statement.
June 30, 2023
This past week, I read a mission statement from The Knot's corporate website (https://www.theknotww.com/). The statement included a paragraph and five principles. The paragraph describes what the parent company does. The statement says:
"We help couples around the world navigate and enjoy life’s biggest moments together. As a global company, our industry-leading websites, top-ranked mobile apps, and trusted resources provide the most sought-after information, connections, and ...
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This weekend’s WSJ shares that retail labor costs continue to rise and will likely contribute to more inflation. Stores either have to cut staff or raise prices—and higher prices result in lower revenue creating a downward cycle. Large players, like Amazon, have more robots and access to capital and may be better insulated from these rising costs. Yet, even Amazon had had to make some cuts, including its recent pause on completing its HQ2 campus in Virginia and its ...
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How to promote post-wedding discounts to registrants to receive more orders for unpurchased items.
February 7, 2023
Your Bridge has a new feature: You can now promote post-wedding discounts on unpurchased registry items to your registrants. Your store can turn this feature on or off. This discount keeps your business competitive with major registry players (e.g. Zola may offer a 20% discount).
If you choose to offer a post-wedding discount, you can offer the following percentages off:
5%
10%
15%
20%
Once the feature is turned on for your store, the post-wedding discount is promoted to ...
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How we can bring clients together to build a larger network.
February 4, 2023
Economist Bent Flyvbjerg encourages us to find our “Lego” in his new book “How Big Things Get Done.” Mr. Flyvbjerg, whose new book is reviewed by Ben Cohen in this week’s The Wall Street Journal, says that most large projects that are completed successfully use a modular approach. Excerpt from The Wall Street Journal:
“That’s the question every project leader should ask: What is the small thing we can assemble in large numbers into a big ...
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How integrating a messaging service into our e-commerce platform can help us acquire new customers.
January 31, 2023
It takes a lot of people to build a bridge, but just two to tango. This applies to the analog world as well as the digital one. In the digital space, I'm using tango to refer to messaging between two people. I believe messaging is a service we can add to our offering to diversify how our company Shop Local grows.
Different Networks Require a Different Number of Users in a Group
Andrew Chen in The Cold Start Problem states that a key difference among network models is the required minimum ...
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Noma, the world-famous Copenhagen restaurant, is closing to concentrate on e-commerce. Excerpt from the Times:
“Noma will become a full-time food laboratory, developing new dishes and products for its e-commerce operation, Noma Projects, and the dining rooms will be open only for periodic pop-ups.”
This change supports the breath and power of e-commerce, and portends coming changes for our retail industry. It’s not that one can’t eke out a ...
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Google is often considered the first stop when searching for information. Looking for a product? You'll likely head to Amazon.com, where due to its 350m product listings, 25% of purchases reportedly start. Facebook will be your go-to for finding friends and family due to its 2b profiles of people. Airbnb lets you search 5.6m places to stay. These businesses are likely your choice because people want a massive selection when conducting a search. Many of the world's most ...
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