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Poll

Results from Monday

How much revenue does your brand/store make annually?

🟩🟩🟩🟩🟩🟩 <100k (14)

🟨🟨⬜️⬜️⬜️⬜️ 100-500k (6)

🟨🟨⬜️⬜️⬜️⬜️ 500k-1m (5)

🟨🟨🟨🟨⬜️⬜️ 1m-5m (10)

🟨🟨🟨⬜️⬜️⬜️ 5m+ (9)

🟨⬜️⬜️⬜️⬜️⬜️ None of your business (4)

Thank you for sharing, some interesting results. One respondent advised $53m in revenue for ‘22 - congrats to them!

Today’s Poll:

Ecommerce News, Tips and Trends

News & Numbers

Mobile commanded nearly 40% of digital consumer retail spend in Q4: more stats and details

Ryan Cohen builds Nordstrom stake, eyes board change. The meme-stock investor, known for his GameStop and Bed Bath & Beyond investments and involvement, is already one of Nordstrom's five biggest non-insider shareholders

Kate Spade introduces resale program. More and more of these happening.

Amazon CEO Andy Jassy just joined the company's earnings call for the first time ever and shared 4 of his top priorities:

• Efficiency - Amazon expanded its fulfillment center footprint in the past couple of years and also built out a transportation network "roughly the size of UPS" in that same time period, which means that now the company has to figure out how to optimize costs and make more efficient decisions.

• Speed & Selection - Getting products to customers faster makes them happier and leads to higher conversion rates, and more product selection that can be delivered quickly leads to high customer satisfaction.

• Pricing - Jassy feels that in the current economy, customers are "very conscious" about how much they're spending, which makes pricing an even more important factor.

• Customer Experience - Jassy said that "being maniacally focused on the customer experience" will always be a top priority, and mentioned new services that Amazon has launched in recent years including Buy with Prime and RxPass as examples of that priority.

As part of a new EU law, online marketplaces like Amazon, eBay, and Vinted will now have to report sales made on their platforms to the tax office for sellers who make over €2,000 or have reached 30 transactions per year. Rather than reporting to the country where the marketplace resides, platforms will now have to report to the EU-country where the seller is located.

Apple announced that its BNPL solution is in beta testing among Apple employees and will soon be available to the public in the US.

Consumers are expected to spend $25.9B on Valentine's Day this year, up 8% over last year. V-Day 2023 is expected to be one of the highest numbers on record for the holiday.

Tips

Import Dojo: Deal Flow (Feb 1): 3 Amazon FBA, 5 Aged And 8 Branded Domains. We reviewed 3 Amazon FBA businesses for sale and point out the easy wins to grow the business. We also reviewed 5 aged domains for potential ecommerce brands.

Online sellers can now get special discounts on FedEx shipping directly through Shippo, without having to create a FedEx account

Forbes: Weighing The Benefits Of A Direct-To-Consumer Model For Food Brands

Trends

From Amazon to tech startups, e-commerce takes on the TikTok-style feed

How ecommerce impacts the experience that retails sets for customers

Fanatics to start livestreamed shopping of trading cards, collectibles

Sponsor Spotlight

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Learn

Tool of the day

If Google and ChatGPT had a baby, it would be perplexity.ai. You ask it any question, it gives a response like ChatGPT - but with sources from a Google search. Try it out for yourself!

NTFD recommended reads:

Join over 450K people reading Tech Brew - the 3-times-a-week free newsletter covering all updates from the intersection of technology and business. They provide free tech knowledge that'll help you make more informed decisions.

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Interested, Not Interested is the critically-acclaimed and “refreshingly snarky” newsletter and podcast help you think deeply and act decisively about the world’s make or break science news, from climate to COVID, heat to hunger, and agriculture to AI ethics. Science for people who give a shit!

SwaggyStocks is a powerful social-trends platform to keep you in-the-know for all market movements. Find out which meme-stocks are trending and why. Risk-averse? Learn which ETFs retail traders are buying. Want to know what makes a short-interest stock popular with the Reddit crew? They gotchu.

NTFD recommended tools and services:

The best freelance digital marketers are at MarketerHire

Amazing fully automated AI written blog posts that boost your SEO - from Content at Scale

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Incfile make incorporating a company super easy with free LLC filing and a full suite of startup services (like banking and bookkeeping)

Over 20 million people around the world use Notion, the all-in-one workspace that combines notes, docs, project management, and wikis — and makes them all customizable.

Have a great rest of your day!