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You are here: Home / 2018 / Archives for November 2018

Archives for November 2018

Startup Uses 3D Printing App Voodoo and Shopify to Create and Sell Corgi Related Products

November 25, 2018 by Asif Nazeer Leave a Comment

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Scaling Up With 3D Printing for Small Business and Doggy Charm
It’s flawed to say “Manufacturing is ‘dead’ in the U.S.” Heard of 3D printers? Well, think of 3D printing as manufacturing that fits much better with modern business needs. And by modern, we mean this decade and the next.

3D Printing for Small Business

Many people regard the 3D printing world as more of a place for prototypes and experimentation. This is only partially true, because today businesses of all sizes turn ideas into physical items through 3D prints. It’s gotten better and easier to do so.

For example, 3D printing app Voodoo now allows Shopify merchants to create and customize items and immediately list those items for sale within minutes. What’s more, Voodoo claims 3D design skills aren’t required. Small Business Trends chatted with Connie Cheng, an entrepreneur who says her creative ideas come to life thanks to the app’s integrations. Our discussion below might inspire you to cast fear aside and to weave new ideas into your brand using this very 2018 technology.

* * * * *

Connie Cheng is the owner and product designer for Corgi Things, a lifestyle brand for corgi owners and lovers. After working in tech for several years, Cheng started Corgi Things in 2016 as a small passion project. The project unexpectedly grew to a full-time business by 2017. Cheng collaborates with other talented corgi lovers in the community to design and curate all types of fun corgi products. Her mission is to cultivate and spread happiness with other like-minded “corgi people” around the world, one Corgi Thing at a time.

Connie currently lives in New Jersey with her 11-year-old corgi, Lucy. You can follow their daily adventures on Instagram at @corgithings.

* * * * *

Small Business Trends: How were you able to quickly scale your company? Who do you cater to?

Connie Cheng: Corgi Things caters to the corgi community. We design products, promote other small businesses, create content around raising, adopting and rescuing corgis and build relationships with corgi fanatics. The main reason we were able to scale our product offerings so quickly was because of print-on-demand services, like the Voodoo App. The Voodoo App has allowed us to test products and get feedback from customers — and it’s so easy to use. One thing that really stuck out to me was how easy it actually was to create the cookie cutter itself. The Voodoo app allowed us to design cookie cutters without having to learn any 3D skills or software.

Small Business Trends: Have you ever considered 3D printing products before?

Connie Cheng: My boyfriend has a 3D printer, so I’ve thought about 3D printing the Corgi Things logo and making a cookie cutter out of it. But the reality is, we didn’t and still don’t have the capacity to print them in bulk and ship them out. That’s why we had to put that idea on the back burner until we were able to source someone in the U.S. who could print and ship for us. That’s why we were so excited to learn about the Voodoo App, so we could bring our ideas to life!

Scaling Up With 3D Printing for Small Business and Doggy Charm

Small Business Trends: What’s next for Corgi Things?

Connie Cheng: This year we migrated from Etsy over to Shopify, so that already opened up a lot more opportunities for us in terms of offerings, merchandising and branding. We spent half of the year adjusting to the new platform. As for 2019, we’re going to introduce some apparel, since our customers have been asking for this for a while now. We’ll also continue working on seasonal home decor items, like garden flags and floor mats.

Small Business Trends: What can you share about the transition to Shopify and how it affected your growth?

Connie Cheng: When I first started, I created our blog on WordPress. Once we started offering small products like stickers and magnets, I ended up using Etsy because it was the easiest platform and also had tons of organic traffic. Etsy worked well for all of 2017.

We were able to scale quickly on Etsy without having to manage an entire shop. Once we started rolling over into 2018, our product line had really grown and we were looking for better ways to merchandise our products. Basically, we wanted more control over marketing, and it was really important for us to be able to capture more emails and leads.

I’m very happy about migrating over to Shopify because it gives us that marketing control, seamlessly integrates with more apps, and allows us to easily contact our customers.

Small Business Trends: What else are you doing to grow Corgi Things?

Connie Cheng: As a new business owner, there’s a lot of marketing I didn’t do from the beginning because I didn’t have the time to focus on it. Because of that, we left a lot of opportunities on the table. In 2018 we really stepped up our marketing game, making outreach more consistent.

In 2019, we’d like to focus on running more social ads because the majority of our traffic up until this point has been organic. By focusing on social media ads, we think we’ll be able to continue growing our following and reach other like-minded and corgi-obsessed people.

Images: Corgi Things

This article, “Startup Uses 3D Printing App Voodoo and Shopify to Create and Sell Corgi Related Products” was first published on Small Business Trends



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UPS eBike Deliver Offers Insights for Small Businesses Seeking to Better Serve their Communities

November 23, 2018 by Asif Nazeer Leave a Comment

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Did you know UPS was established in Seattle in 1907 as a bicycle messenger company? Going way back to its roots, the company is using new cargo eBike and custom, modular package delivery trailers in the Pike Place market area of Seattle.

The bikes will address a host of issues for UPS and the city in a crowded and congested part of town. By operating on sidewalks and in designated bike lanes, the company provides an environmentally friendly solution while completely avoiding the traffic for faster deliveries.

For small business owners looking to better serve their communities, the new delivery service from UPS offers some valuable insights. Using bikes, electric vehicles or scooters to make deliveries instead of regular cars or trucks, lets your customers know the efforts you are putting into make your environment better.

Customers who are environmentally conscious will see these efforts and reward you with their patronage.

Undoubtedly UPS will also reap the benefits of making this effort in cities across the country and the world moving forward. In a press release Scott Phillippi, UPS’s senior director of maintenance and engineering for international operations, said the project is the first of its kind designed to address the challenges of urban congestion.

Currently, UPS operates a number of logistics projects in more than 30 major cities around the world using bike and foot delivery in inner-cities. Phillippi added, “We’re looking forward to being able to offer these customizable urban delivery solutions to other cities nationwide.”

Coming Soon: UPS eBike Delivery in Seattle



The UPS Cargo eBike

The UPS eBike was first demonstrated in 2012 in Hamburg, Germany, serving as a prototype for the latest cargo eBike being used in Seattle.

This bike was developed in collaboration with Silver Eagle Manufacturing using Truck Trikes. It comes equipped with a battery-powered electric motor capable of traveling long distances while transporting up to 400 pounds of cargo.

The 95 cubic foot capacity trailer is a modular and detachable box which offers the flexibility to adapt in different locations. The cargo eBike can be powered with a battery or by the rider using pedals like a traditional bike.

UPS eBike Delivery in Seattle

The new bikes will deliver packages in the Pike Place Market Area from South Belltown to the Southern End of the Market, including Western Avenue.

Coming Soon: UPS eBike Delivery in Seattle

The route was developed in partnership with the Seattle Department of Transportation. And according to UPS, if it is successful the route will be expanded with additional cargo eBike deliveries in other parts of the city.

Seattle Mayor Jenny A. Durkan explained the need for this technology as the city continues to grow. She said, “As Seattle grows and public and private megaprojects limit capacity on our downtown streets, this pilot will help us better understand how we can ensure the delivery of goods while making space on our streets for transit, bikes, and pedestrians.”

Low Emission Vehicles

With a global fleet of 119,000 package cars, vans, tractors and motorcycles, UPS has been making a concerted effort to introduce alternative fuel and advanced technology vehicles.

As of today, the company says it has 9,300 vehicles in its fleet which are powered with all-electric, hybrid electric, hydraulic hybrid, ethanol, compressed natural gas, liquefied natural gas and propane.

The company says the cargo eBikes in Seattle are among 10 electric and hybrid electric vehicles operating in Washington as part of a strategy to electrify its delivery fleet.

Image: UPS


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12 Black Friday Deals You Don’t Want to Miss

November 23, 2018 by Asif Nazeer Leave a Comment

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Score additional savings on these deals for a limited time.


November
23, 2018

4 min read

Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.


With Thanksgiving almost in the books, how about geting a head start on Black Friday deals? Take advantage of deals ranging from a sleek carry-on luggage piece to highly reviewed noise-cancelling headphones. Also, don’t forget to check out with the promo code to lock in the displayed sale prices. 

12.  Fantom 10 Quick Access Slim Wallet – $39.20 with promo code “BFSAVE20” 

Fantom WalletThis minimal card holder sets to revolutionize the traditional leather bifold wallet. With a razor thin and lightweight carbon fiber design, the Fantom wallet utilizes a lever to fan out cards–making it easy to access cards with one hand. 

11.  BentoStack – $34.36 with promo code “BFSAVE20” 

BentoStackStop trying to look for cables and chargers in your bag. The BentoStack neatly stores all your charging and smartphone accesories in a protected multi-level storage unit. 

10. Extreme Boost 20,000mAh Back-Up Battery – $25.59 with promo code “BFSAVE20” 

Extreme Boost 20,000mAhWe all know that feeling of hitting 5 percent battery life and no charger in sight. The Extreme Boost Battery allows your to charge up to four devices at once. And the 20,000mAh capacity will allow you to charge your iPhone X over seven times. 

9. Genius Pack G4 Carry-On Spinner Case – $159.20 with promo code “BFSAVE20” 

Genius PackThis sleek all-in-one travel system makes it easier to pack for business trips and weekend vacations. Equipped with four 360-degree wheels, expandable compartments, a waterproof coated fabric, removeable laundry bag, and more…what more could you ask for? 

8. EVO Flow System™ Planner – $31.99 with promo code “BFSAVE20” 

Evo Flow PlannerThis isn’t any ordinary planner, the EVO Flow System Planner is tailored how your mind naturally process information. After planning and taking notes, simply scan and save your data on the app to map out any trends.

7. Chargerito: The World’s Smallest iPhone Charger – $23.99 with promo code “BFSAVE20” 

ChargeritoTouted as the “world’s smallest charger,” the Chargerito can attach to your keys so you always have access to a smartphone charger. The Chargerito is an all-in-one solution with a wall plug and power adapter tip.

6. MOZA Mini-MI Wireless Charging Smartphone Gimbal – $75.99 with promo code “BFSAVE20” 

MOZA GimbalWhether you are trying to film a company promotional video or wanting to capture memories on vacation, the MOZA Gimbal allows users to take steady smartphone videos. Even with eight built-in settings, the gimbal is intuitive and easy to use.  

5. Ockel Sirius B Windows 10 32GB Pocket PC – $199.20 with promo code “BFSAVE20” 

Ockel Sirius BLiterally have the power of a desktop PC running Windows 10 in your pocket with the Ockel Sirius B. With 2GB RAM and 32GB Flash Storage, this is perfect computer for any small-business owner, traveler, or student.

4. Oco Motion HD Pan/Tilt Wireless Security Camera – $103.20 with promo code “BFSAVE20” 

Oco Security CameraKeep tabs on your home and office when you are away with the Oco Motion HD. The security camera is built with a self-learning detection that will alert you via smartphone of any motion or sound.

3. KeySmart Pro with Tile Smart Location – $31.99 with promo code “BFSAVE20” 

Keysmart TileNever lose your keys again with the help of this key organizer with a Tile locator built in. Use your Android or iPhone to either locate your keys on a map or to send an audible alert from the KeySmart. 

2. iPM 3-in-1 Wireless Charging Station – $34.99 with promo code “BFSAVE20” 

iPM Charging StationThere aren’t that many wireless charging stations that are able to charge your Apple iPhone, Watch, and AirPods at once. Charge all three Apple devices fast thanks to the Qualcomm 3.0 Quick Charging Technology. 

1. Cowin E7 Active Noise-Cancelling Bluetooth Headphones – $51.19 with promo code “BFSAVE20” 

Cowin Noise Cancelling HeadphonesThese active noise-cancelling headphones are perfect for those traveling this holiday season, trying to get some work done, or just binging on Netflix. With 30 hours of playtime, you don’t have to worry about running out of juice all the time.

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The 6 Levels of the Hero Factor

November 21, 2018 by Asif Nazeer Leave a Comment

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Get the skinny on each level of the Hero Factor scale to help you determine where you are and how to get to the top.



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What are Normal Working Hours Around the World? (INFOGRAPHIC)

November 21, 2018 by Asif Nazeer Leave a Comment

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Although the United States gets a bad rap for having employees work the most hours of any industrialized nation, a new infographic from BambooHR says otherwise.

According to the “Working Hours around the World” infographic, the US is averaging 34 hours per week, which is on the low-end side compared to many other countries. On the high-end of the scale, Colombia and Turkey have the top spots at 48 hours each.

Small business owners who work too many hours would probably be happy with the numbers from Colombia and Turkey. Fifty plus hours are not uncommon as owners try to grow their business and build a company which will support them, their family and employees.

According to the 2017 Pulse Survey report from The Alternative Board, 84% of business owners are working over 40 hours per week. And on average, owners only have 1.5 hours of uninterrupted, high productive time each day.

BambooHR got the data for the report from the Organisation for Economic Co-operation and Development (OECD). The OECD has been compiling the average weekly working hours for workers in 35 countries around the world since 2000. The interactive graph, which you can access here, allows you to see the working trend for these countries for the past 18 years.



Average Weekly Working Hours

Not surprising the lowest average weekly hours comes from a European country. With a total of 29 hours, the Netherlands has the shortest average work week.

Denmark is next with 32 hours, followed by the US, Germany, and Switzerland taking the number three spot with 34 hours of average work week. As a region, Europe has the most countries with the lowest working hours at 15.

If you take the US out of the equation, the Americas have the highest average with Colombia (48), Mexico (45), Costa Rica (45), and Chile (43).

In addition to Turkey, only two other countries in the European continent, Hungary and Poland have 40-hour averages.

Gender

When it comes to gender, women worked fewer hours across the board. But the women in the countries where the average was high, they ended up working more than all the men in Europe and the US.

Women in Turkey and Colombia, for example, worked 45-hour weeks, while men in the US averaged 41 hours and 34 hours in the Netherlands.

What is the Takeaway?

The key, as The Alternative Board survey points out, is to spend the time more efficiently working on the business instead of in the business.

When you first establish your company, you have to work in the business, but as you begin to grow you have to delegate tasks so you can start working on your business.

In this way, the time you spend will be geared to growing your company instead of the day-to-day task which can be carried out by your employees.

Understanding the concept of working in and on your business early during your entrepreneurial journey is critically important for using the time you spend building your company more efficiently.

As Bryson Kearl, who wrote the report on the BambooHR blog said, the data from the OECD can be interpreted in many ways. But at the end of the day, Kearl added, “Individual countries work in their own way, at their own rate, and for varying lengths of time. These variances extend to individual organizations, and increasingly they extend to individual employees.”

You can look at the rest of the working hours data on the infographic below.

What are Normal Working Hours Around the World? (INFOGRAPHIC)

Image: BambooHR


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Growing Your Small Company: Expanding Overseas

November 21, 2018 by Asif Nazeer Leave a Comment

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For both small and large companies, expanding overseas is a significant step. What’s more, it’s a step that could make or break the business.

However, it is important to understand that the process can be a laborious one requiring planning and attention. Expanding overseas will require the company to obtain new permits. Additionally, they’ll need to find a new target base. In order to do that, the owners will need to research the market overseas and understand its trends.

 

expanding overseas

 

Start by Doing a Deep Dive into the Market Before Expanding Overseas

Before starting the expansion process, identify your competition. To do this, make a list of related firms that work in the same business area.

Small companies have a single chance to have a successful expansion. In order to succeed, they must bring to the market a unique product or a service that fills an existing gap.

The key to success is to launch a high-quality product and list it at a competitive price. Therefore, complete an in-depth analysis of the market and your company’s competition. This will help you to understand if your products and services have a chance of finding buyers in the new market.

 

RELATED ARTICLE: A BRIEF BUT HANDY GUIDE TO STARTING A BUSINESS IN MALTA

 

Do You Have a Business Plan and an Expansion Strategy?

Foreign business markets have unique features. Each one has its own cultural, economic, and governmental conditions. It is imperative when you’re expanding overseas that you to develop a strategy that accommodates these nuances. To this end, your business plan must meet local requirements.

  1. Establish your objectives.
  2. Develop the strategies you will use in the long, medium, and short terms. Set reasonable goals for each.
  3. Determine what the business structure will be. In other words, do you want to have an overseas sales office, a branch, or a different company?
  4. Establish your budget for the expansion.

In order to cater to the specific audience you will address overseas, establish your regional strategy as well. The companies that are considered competitive brands have greater chances of success overseas. That’s because their name will already be known by prospective customers.

 

expanding overseas 2

 

Do You Really Need to Set up a Company?

When expanding overseas, companies have two options. That is, they can set up a legal entity. Or they can use a professional employment organization (PEO) to hire their staff on their behalf. When they choose the latter option, they won’t need to set up a new company in order to conduct their business operations.

Normally, for small companies, experts recommend that they use employment solutions. This strategy will help you minimize legal risks and costs. For a foreign company, it is a challenge to operate in a new jurisdiction. Importantly, most small-business owners don’t know about the regulations they must meet. This can put them at legal risk.

However, a professional employment organization will enable you to hire local or foreign staff without the need for setting up a company. The PEO will manage all of your employees’ legal and administrative requirements. This will include:

  • Local labor contract signatures
  • Monthly payroll
  • Tax compliance
  • Visa requirements (if any)
  • Mandatory contributions
  • Medical insurance

Moreover, they will ensure compliance with the latest local employment requirements and laws. Meanwhile, while your employees will be able to focus on developing your business

Global employment solutions enables foreign companies to hire employees without having to establish a legal entity in the country they want to expand to. In short, this solution will allow you to outsource all HR and administrative requirements so that you can conduct your business.

 

Check the Local Regulations

Every country has its own packaging standards, legal requirements, tax codes, and business regulations. It is your responsibility to respect them when expanding overseas. Therefore, establish your finance and tax infrastructure in advance. A great way to understand the steps you should follow is to learn about the strategies other companies have used in that particular market.

Additionally, ensure that you have complete information about the regulatory requirements of the area. Further, verify that you have the necessary permits and documents in place.

 

What Is Your Go-to-Market Strategy?

In order to convince your new target audience to choose your brand you will need a comprehensive and cohesive marketing strategy.

  • What your average pricing will be?
  • How do you want to deliver the products?
  • What marketing programs do you prefer?
  • Which sales strategies do you want to use?
  • What brand image do you want to offer?

Every company that plans to enter a new market, especially an overseas one, should determine if they want to use the parent brand. Alternatively, they could create a new brand there. Establish this aspect from the beginning. That’s because you will have to promote the brand on the market before you launch. Depending on the brand, you will need marketing plans for both online and offline methods.

 

Finally

In order to capture people’s attention in a foreign market you need to understand whether your new audience is more inclined to be price-conscious or quality-conscious. This knowledge will determine your marketing strategy.

Some companies choose to deliver customized forms of the same product for different markets in order to meet the particular requirements of each. This strategy will help you to be successful when you’re expanding overseas.

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5 Reasons an Off-Season Vacation Is the Ultimate Hack for Travelers Looking to Recharge

November 20, 2018 by Asif Nazeer Leave a Comment

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Save time, money and sanity by visiting tony East Hampton over the winter.


November
20, 2018

4 min read


Spending time at a hotel during the off season doesn’t need to be like a scene out of The Shining. In fact, if you can home in on the right destination, off-season travel can be some of the most fun, rewarding and — yes — cost-effective vacationing you can do. Plan your trip right, and you’ll be able to gain access to hotels, restaurants and events that are too crowded (or expensive) during the tourist-swarmed high season.

Related: 21 Ways to Get Inspired (Infographic)

Over the winter, Long Island’s East Hampton — home to celebrities like Steven Spielberg, Jerry Seinfeld and Martha Stewart — is chock full of activities for budget-minded travelers looking to unwind. Besides possessing some of the most gorgeous beaches on the east coast, the swanky town is packed with all the arts, shopping, eating and drinking the savvy vacationer could want.

Here are five reasons an off-season trip to the Hamptons is the perfect way to recharge.

1. Killer accommodations

A quick scan of booking.com or Airbnb will demonstrate the obvious: It’s way cheaper to find a place to stay in East Hampton over the winter. We suggest checking out Journey East Hampton, which maintains the hip and sophisticated spirit of the Hamptons without the stratospheric cost.

Image credit: Journey East Hampton

All the rooms feature a cozy lounge area, ultra-modern bathrooms and an insanely comfortable bed courtesy of Serta Simmons’ Tomorrow Sleep mattress. Guests can enjoy craft cocktails in the lobby bar or step outside by the bonfire and warm up with s’mores. You can’t do that over the summer. (Well, you can — but people might look at you funny.)

2. Easy travel

Unless you’ve been stuck in bumper-to-bumper traffic for hours on end on 27 East, it’s almost impossible to comprehend the agony of driving out east during the summer months. But get this: Not only is the one-shot route to the Hamptons mostly clear in the off-season; but once you arrive, the town’s country roads — usually backed up with beach-goers — are incredibly fun to wind through. If you’re the type who finds spirited driving a Zen-like activity, East Hampton’s windy roads can be your nirvana. In fact, in her book, Drivetime, Professor Lynne Pearce, of Lancaster University notes that driving can “positively direct and structure thought.”

Related: 3 Important Changes That Can Save Yourself From Burnout

3. Unique activities

As one of the hottest travel destinations on the East Coast, East Hampton in the high season can be a touristy mess. While certain activities are off limits over the winter (now is not the time to take those surfing lessons), there’s still lots to do on the chilliest of days.

Ice skating at Buckskill Winter Club, cider tastings at Wolffer Estates and special screenings of live theater from the Metropolitan Opera at GuildHall are all totally worthy daytime options from December through February.

4. Trendy restaurants

Try to make a reservation at locals-only Italian favorite Nick & Toni’s during the summer, and you’ll be lucky if you can sit after 4 or before 11. During the off-season, however, you can rub elbows with some of the town’s biggest names. (Alec Baldwin is a regular.) Typical waits at Bostwick’s Chowder House, a casual, locals-approved seafood spot, can be well over an hour from May through August. We much prefer walking right in and scoring one of their legendary lobster rolls immediately, thank you very much.

Related: 11 Habits of Truly Happy People

5. Natural beauty

Fighting for towel space on one of the Hamptons’ iconic beaches is hardly a calming experience. But a brisk, centering, off-season morning stroll on Indian Wells Beach or Atlantic Avenue — both open during the winter and blissfully uncrowded — is just the opposite, and sure to recharge your creative spirit. Science backs this up as well; in his research on the psychological and cognitive effects of the outdoors, neuroscientist David Strayer has found that time in nature enhances higher-order thinking, restores attention and boosts creativity. For even more inspiration, visit the 16-acre garden at LongHouse Reserve with sculptures by acclaimed architect Buckminster Fuller. It’s the ideal place for smartphone-addicted cubicle dwellers to unplug, unwind and invigorate.



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35 percent of Consumers More Likely to Buy if You Offer Monthly Installments

November 19, 2018 by Asif Nazeer Leave a Comment

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More than one third or 35% of shoppers said they are more likely to make a purchase if a business offers monthly installment payments. This according to a survey carried out by Splitit, a payment solution which gives retailers the ability to provide a payment plan for purchases.

When shoppers are considering an installment plan, close to half or 47% revealed zero interest is the most important consideration. So it is not enough to just offer a payment plan, you also have to provide very low or zero interest otherwise you will lose one in two customers.

For small retailers, online or brick and mortar, providing a monthly installment plan is one of the best ways to increase average order value (AOV). The Splitit platform has been designed to simplify the installment payment process so business owners don’t have to worry about managing the purchases.

The CEO and Co-Founder of Splitit, Gil Don, explained the benefits of providing installment plans in the press release.

Don said, “An interest-free, monthly installment plan offers consumers the best option in alleviating their financial woes and allowing them to shop without burdensome restraints. Offering an effective payment solution is a win-win for both consumers, who can afford more expensive purchases, and for merchants, who can increase revenue and decrease cart abandonment rates.”

The Splitit survey was carried out in collaboration with Google Consumer Surveys in July 2018. More than 1,000 respondents ages 18 to 65+ in the US took part in the survey.



Monthly Installments: Survey Results

In addition to zero interest, no late fees was also an important factor for consumers. Seventeen percent of them said these fees are a deterrent when they are in the process of choosing a payment option.

For 20% of millennials, the issues of late fees carried more weight. They said it was the most important consideration when they signed up for a payment solution.

When making purchases online, 83% said they are afraid of losing control of their cash flow or overspending. This has translated into shoppers making fewer expensive purchases online.

However, 25% of online shoppers said the option of an interest-free monthly installment payment plan would encourage them to purchase the high-ticket items.

While on the subject of purchases, millennials are more concerned with the possibility of damaging their credit score. This was true for 25% of the millennial respondents.

The Splitit Solution

Splitit has created a workaround for businesses so they can provide monthly payment plans with no interest rates and late fees. And best of all customers don’t have to register or apply like traditional installment payment plans or services.

The company uses the Visa and MasterCard credit cards as well as the debit cards your customers already use and offers monthly payment plans.

Splitit authorizes the full amount of the purchase on the shopper’s existing credit and debit card and holds their credit line for the entire amount.

35 percent of Consumers More Likely to Buy if You Offer Monthly Installments

The service is currently being used in 25 countries around the world by 800 Internet and traditional merchants.

Image: Splitit


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How a Four Loko Co-Founder Became the Leader of a Plant-Based Protein Beverage Brand

November 19, 2018 by Asif Nazeer Leave a Comment

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Chris Hunter helped come up with the controversial caffeinated alcoholic drink. Now he’s the CEO of Koia.


November
19, 2018

7 min read


In this ongoing column, The Digest, Entrepreneur.com News Director Stephen J. Bronner speaks with food entrepreneurs and executives to see what it took to get their products into the mouths of customers.

Chris Hunter is one of the guys responsible for Four Loko, the formerly caffeinated alcoholic drink that was blamed for causing a few deaths, and which the government then cracked down hard on.

Four Loko is still on the market today — and apparently selling well — but Hunter, who was 25 when the brand was created, has since moved on to other businesses. His current pursuit is leading Koia, a plant-based protein beverage company. Quite the career pivot, right?

The beverage brand launched nationally in Whole Foods in 2016 and has since expanded to the shelves of more than 4,000 U.S. stores. It expects to have $10 million in sales for this year. Koia’s products include five flavors of its original protein beverage, as well as three fruit infusion flavors. The company plans to introduce a keto line in January.

Related: How This Alcohol Industry Newcomer Created a Japanese Whiskey Brand for the U.S.

Entrepreneur asked Hunter about his career shift, what interested him about Koia and his advice for launching a product.

Chris Hunter

Image credit: Courtesy of Koia

This interview has been edited for length and clarity.

How did you go from Four Loko to Koia?

My life had evolved. I was in my early 30s and my first son was born. Life was just different than it was back then. I was looking for something I was a little more aligned with. Craft beer was really popular at the time, and it still is, so I found a small craft brewery outside of Chicago that was creating an alcoholic root beer. I formed a relationship with the creator and founder — essentially we brought in this company and brand under a subsidiary of [Four Loko parent company] Phusion Projects — and we created the brand Not Your Father’s Root Beer. We ended up selling that brand to Pabst shortly after.

At that point life was changing again, and my second son was born. He was born dairy intolerant, so we became a dairy-free household. My wife was studying to be a nutritionist. We were starting to eat a lot differently. My workouts were changing from when I was younger, from typical gym days to now doing yoga and triathlons. I was much more aware of health and wellness in general.

I started investing in some small, better-for-you companies and products, from meal delivery kits services to a product called Raw Nature 5, which was the original form of Koia. It just so happened that the product was in my gym, and I had been drinking it.

Why was an attractive product to you?

As I started to do my due diligence, Raw Nature 5 was a really bad name, and it had this really bad bottle and label. But it was selling really well. It was only in 30 stores in Chicago. I started to dig into it a little bit more. One store told us it was their best-selling product, and it was selling for six bucks a bottle. I stopped into a Whole Foods and noticed there was a good amount of shelf space dedicated to this product. As I was standing there, I watched a consumer basically pitch the product to another consumer.

A bunch of industry veterans, including Mark Rampolla who created Zico, invested in the product, so I invested alongside them. I was the local guy who had some entrepreneurial experience, so I formed a good relationship with Raw Nature 5’s co-founders. As they started moving along, the company got into a difficult situation — it was running out of money.

Image credit: Courtesy of Koia

We collectively decided to pull Raw Nature 5 off the shelves, because it wasn’t a scalable product at that point. There wasn’t a process in place to sell it nationwide. But I believed in the product so much, so me and other investors decided to invest what was a significant amount for us. I talked about wanting to bet on myself and take the reins. So I came in to help pivot the company and co-found the new company and new product, which we collectively rebranded as Koia.

Related: 5 Ways Switching to Plant-Based Diet Boosts Your Productivity

What can other entrepreneurs learn from your experience of launching into Whole Foods?

There’s multiple ways to go to market. I don’t know what’s right and what’s wrong. A lot of companies will saturate one particular market like New York or L.A. or wherever and prove out their story and then launch nationally. We were fortunate that we had an opportunity to launch nationally with Whole Foods. You can’t really turn that down, but it’s an expensive way to go. We had to take on investment and grow the company quickly.

My advice would just be to think through what you want the final outcome of your company and product to be and what route to market best fits that, whether it’s a regional build or national rollout.

What has been the company’s greatest challenge, and how were you able to overcome it?

The natural food beverage industry has a ton of new products launching, so it’s a crowded space and there’s a lot of noise around it. It’s a difficult route to market. How we overcame it is we added an extraordinary amount of support to any retailer that we’ve launched at. When we had the opportunity to launch with Whole Foods, we didn’t have the mentality of, “Oh great, we’re done, now let’s sit back and watch what happens.” We hired merchandisers. We did a lot of in-store demos. We did price reductions. We did everything in our power to make sure that consumers were exposed to the brand.

We made sure that the labeling really spoke to our selling points that there’s 18 grams of protein and only 4 grams of sugar in the entire bottle. That draws people in right away. They’re intrigued. We were confident that once people tried our product, they would like it and become repeat purchasers. That’s an expensive thing to do, but I believe that’s the right way to go to market.

Where does the name Koia come from?

As we came up with the name Koia, we used a branding agency, and looked into our belief as a company and what we wanted to stand for. We honed in on blue zones — places in the world that people live longer than others. What we started to look at is there’s these five common trends with people that live in blue zones. One of them is they eat a primarily plant-based diet, which clearly fit with Koia. It fits with our mentality as a company. The name Koia is derived from one of those blue zones, the Nicoya Peninsula in Costa Rica.

Related: This Beverage Entrepreneur Got His Start by Simply Asking a Big Company to Let Him Sell Their Products

What is the most unusual thing about working in this particular niche?

What’s interesting to me that it’s such a small industry. It seems like everybody knows each other, but it’s also such a friendly industry. I’m just shocked at how many other companies and brands we collaborate with are open to doing that. Other companies we talk to share their stories of successes and failures, and we try to figure things out together.

How do people react to your past with Four Loko?

People want to understand how I went from that to this, because it’s pretty opposite ends of the spectrum. To me there’s no right or wrong. I’m not ingrained in one way of eating or drinking versus another. It’s about options. What it ultimately boils down to that I like to work on things I’m aligned with, and Koia is aligned with my life and my lifestyle right now.

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Put the Phone Down and Read Back to Human

November 18, 2018 by Asif Nazeer Leave a Comment

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Put the Phone Down and Read “Back to Human”

Who’s serving who?  Technology is here to serve you, but when you find yourself checking your phone for notifications or if you’re responding to team emergencies while at dinner or a concert — then you are serving technology.  And that, says Dan Schawbel, isn’t making you the leader you need to be.

There are enough “how to be a leader” books out there. But Back to Human: How Great Leaders Create Connection in the Age of Isolation by Dan Schawbel is the first one that is specifically written for a generation of leaders who are often managing a virtual, work-from-home workforce.  Not only that, but these new leaders are struggling with exactly the same challenges as their peers. The only difference is, they’ve gained a knack for having the technology serve them, instead of serving the technology.

Schawbel Fulfills on Mission to Guide Millennials

Schawbel is a New York Times bestselling author, Partner and Research Director at Future Workplace and the Founder of both Millennial Branding and WorkplaceTrends.com.

Over the years, he has become the voice of the professional Millennial.  In his book Me 2.0 his mission was to help them get their first job. Then, in Promote Yourself he gave them a path to management. And now, in Back to Human, he’s sharing the tools they will need to lead effectively.

Put the Phone Down and Read “Back to Human”

 

Yes – Being Human is Now a Learned Skill

Schawbel’s research shows that social isolation is the biggest challenge for young leaders today and technology is the primary culprit. Technologies such as Facebook, LinkedIn, Slack and others were created with the intention to bring people closer together; to “free” them from confining cubicles and time-sucking meetings.  But few expected them to replace or to erode face-to-face interactions the way they have.

“Two global studies conducted by Future Workplace found that the majority of the six thousand twenty-two to thirty-four-year-old workers polled in more than 10 countries told researchers that they prefer in-person communications to technology,” Schawbel writes.  “Yet, more than a third spend about thirty percent of their personal and work time on Facebook. Instead of having in-person meetings and phone calls, we choose texting, instant messaging and social networking. Many even become frustrated when they receive phone calls and voicemails because they see them as an interruption.”

This year alone, one in 10 jobs will be eliminated, humans are being replaced with AI and that means that the most important new jobs being created are jobs for managing humans which require empathy, management, communication and other soft skills.

It seems that Back to Human has arrived at just the right time.  And if you think this book is just for millennials, think again.  If you spend more than half your day on some sort of device, if you work with a virtual team and if you’ve ever sent an email or text when you really should have just called — yeah, this book is for you.

Back to Human is Like the One-Minute Manager for Millennials

OK, so I’m dating myself when I say that my “Leadership Manual” was the iconic One-Minute Manager by Ken Blanchard. What that book was to the Baby Boomer and the Gen X workforce, Back to Human is to the new crop of Millennial leaders.

What I love about this book is how simple and practical it is. There are three parts to the book each representing a key step in the process; self connection, team connection and organizational connection.

Each part contains simple self-assessments, guides and scripted exercises that provide concrete actions that you can take either alone or with your team in order to move your leadership journey forward.  Schawbel anticipated any questions you might ask and then provided an outline of how to deal with this situation.

There is one interactive feature that I find extremely helpful; Schawbel has developed an online assessment called the Work Connectivity Index.  This is something I’d recommend that you do BEFORE you read the book because it will give you some context and help you focus in on specific sections of the book.

“Back to Human” is for Today’s Leaders, Not Just Millennials

While Schawbel’s books are often targeted to Millennials, that doesn’t mean that younger or older folks won’t get anything out of them.  Back to Humanis no exception.  As a business owner in my mid-50s who runs a virtual team and spends 99% of my workdays online, I found a tremendous amount of value from the research, tips and exercises Schawbel outlined.  

Any manager or business owner who works with or engages with virtual teams and intends to succeed in today’s strangely connected yet impersonal workplace will find a tremendous value in Back to Human — snap it up!

Photo via Shutterstock


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