The week is coming to an end, and what a week it has been in the ecommerce industry, a lot has happened for the most popular ecommerce platforms. This week saw Shopify stocks soar after stellar financial results, Amazon launches Launchpad, 20 Twitter feeds you should be reading and much more.
On a day that bad news gushed from Canada’s dominant resources sector, Shopify Inc. delivered stellar results – its first since going public in May – bolstering its standing as an emerging global software powerhouse and the brightest star of the recovering domestic tech industry. The Ottawa e-commerce platform company posted $44.9-million (U.S.) revenue in the quarter ended June 30, up 90 per cent year-over-year, and lost 3 cents a share. Analysts, on average, had expected the company to post $38.1-million in revenue and lose 9 cents a share. Read my full Shopify review here.
Product Hunt has made a splash as a new place for startups to market new products, Shopify offers a way for them to easily start selling their products online, and Shyp takes the pain out of sending things from point A to B. Now it looks like Amazon is preparing to one-up their respective concepts. Today it unveiled Launchpad, a platform for hardware and physical goods startups to “launch, market and distribute” new products on Amazon.
The ephemeral messaging startup, which is valued at a reported $19 billion, is reportedly working on an undisclosed “special product” with Hearst Corporation, which publishes magazines including Esquire and Cosmopolitan, according to a Women's Wear Daily report. If true, all signs point to Snapchat's latest secretive product being ecommerce-related, given Crisell's retail background. WWD cites sources who say Crisell is also interviewing fashion market editors to join his team.
Small businesses make up 96 per cent of Australian companies and while most of them have internet access, only half of them have their own website. It seems like a no-brainer for any company to have an online presence, but many small businesses have thrown this in the “too hard” basket. However, there are easy ways for even your local fish and chips shop to make themselves known on the world wide web. If you are considering taking your business online, then check out this checklist of things you must do first.
With its many experts and evangelists, Twitter is a good place for an online merchant to get help growing a business. The challenge is figuring out whom to follow. Here is a list of Twitter feeds for online merchants to find useful information on all aspects of ecommerce and entrepreneurship. There are experienced merchants, ecommerce platform advocates, experts in social media and search, ecommerce technology officers, researchers, and startup gurus.
Feature image curtsey of CashCats