Online seller – Stef Mike http://stefmike.org/ Tue, 05 Oct 2021 07:18:40 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://stefmike.org/wp-content/uploads/2021/05/cropped-icon-32x32.png Online seller – Stef Mike http://stefmike.org/ 32 32 Online electricity retailer lines up a float | Midlands https://stefmike.org/online-electricity-retailer-lines-up-a-float-midlands/ https://stefmike.org/online-electricity-retailer-lines-up-a-float-midlands/#respond Tue, 05 Oct 2021 07:08:18 +0000 https://stefmike.org/online-electricity-retailer-lines-up-a-float-midlands/



A Leicester-based online electricity retailer has said it intends to make an initial public offering and apply for admission to trading on AIM.

Marks Electrical sells, ships, installs and recycles a range of household electrical products. It was founded in 1987 by General Manager Mark Smithson and has grown into a national retailer.

As of March 31, 2021, revenue reached £ 56million, up 78% from the prior year, while EBITDA increased to £ 7.45million.

Smithson said, “This is an important milestone in our growth journey as we continue to grow the business and provide premium electrical items to the growing number of consumers who purchase electrical appliances online.

“We see significant opportunities to continue to grow our market share, improve brand awareness and continue to leverage our strong commercial momentum. “

The company also revealed the appointments of Marnie Millard as elected independent non-executive chairman, and David Wilkinson and Alyson Fadil as elected independent non-executive directors.

Millard said, “As one of the first electrical retailers to transition to selling products online, Marks Electrical has a deep market knowledge and understanding of its customers which has been key to its continued growth. .

“With a scalable platform, backed by proprietary technology, a simple distribution network and a vertically integrated delivery model, the company has many growth opportunities ahead and I look forward to working with Mark and the board. administration. “

Admission is scheduled for the end of October 2021.

Panmure Gordon acts as appointed advisor and sole broker with respect to the proposed placement and admission.

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Pennsylvania ranked 2nd best state for child online safety https://stefmike.org/pennsylvania-ranked-2nd-best-state-for-child-online-safety/ https://stefmike.org/pennsylvania-ranked-2nd-best-state-for-child-online-safety/#respond Mon, 04 Oct 2021 19:30:00 +0000 https://stefmike.org/pennsylvania-ranked-2nd-best-state-for-child-online-safety/

Pennsylvania is the second safest state in the country for children to use the Internet, according to a new CenturyLinkQuote study.

The internet, TV and home phone retailer used weighted scores for each state as well as the District of Columbia based on metrics such as Internet crimes against children, malware victims, and laws on the Internet. sexting. The study used data from the United States Census, the FBI’s Internet Crime Complaints Center, and the Cyberbullying Research Center’s Bullying Laws database.

Pennsylvania trailed only Colorado in the overall score. However, the Commonwealth has 12 of 14 possible cyberbullying and sexting laws, one more than the Centennial State.

Other highlights:

  • This score is an improvement over last year, when Pennsylvania ranked eighth in the country.
  • The Internet crime rate against children per 100,000 was 2.59, which was lower than the national average of 3.35
  • The malware victim rate was 1.9, which was slightly higher than the national average of 1.75.

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What do the new vertical antitrust rules proposed by the European Union mean for luxury brands? https://stefmike.org/what-do-the-new-vertical-antitrust-rules-proposed-by-the-european-union-mean-for-luxury-brands/ https://stefmike.org/what-do-the-new-vertical-antitrust-rules-proposed-by-the-european-union-mean-for-luxury-brands/#respond Mon, 04 Oct 2021 11:53:06 +0000 https://stefmike.org/what-do-the-new-vertical-antitrust-rules-proposed-by-the-european-union-mean-for-luxury-brands/

This summer, the European Commission published a draft of the European Union Vertical Agreements Block Exemption Regulation (“VBER”) as well as a draft revised guidelines on vertical restraints to replace existing guidance on vertical restraints. vertical agreements (i.e. agreements concluded between companies operating at different levels of the supply chain). With the current rules in place for more than a decade and due to expire on May 31, 2022, one of the key elements of the new VBER draft and the corresponding guidelines on vertical restraints focuses on e-commerce, including market sales. sites, which has potentially significant impacts on brands when revisions to long-standing guidelines come into play.

The VBER was set up in order to provide companies which maintain vertical agreements with greater certainty as to the compatibility of their agreements with Article 101 (1) of the Treaty on the Functioning of the European Union (“TFEU ”) – which prohibits agreements that could affect trade between EU countries, including by preventing, restricting or distorting competition – by creating a safe harbor exemption. In short: if none of the parties’ market shares exceeds 30%, vertical agreements which do not contain “fundamental restrictions”, such as resale price restrictions, for example, may be presumed to be exempted. (Agreements that do not meet the VBER conditions are not necessarily contrary to Article 101 (1) TFEU. However, they require individual evaluations.)

In terms of contracting parties, “the most obvious examples can occur in retail,” says Paul Henty of Beale & Co., which refers to “the supplier of luxury fashion items and its authorized suppliers”, for example. “But the concept goes further,” he notes, because “vertical arrangements also include an agreement between a manufacturer of materials and its wholesaler or between a supplier of raw materials and a manufacturer that incorporates them into its own goods” .

Among the potential violations of the TFEU: companies are prohibited from imposing resale prices on distributors and completely preventing them from selling online, as well as prohibiting authorized wholesalers from selling outside their allocated territories, from make cross-border sales to end-users or – sell to other members of the selective distribution network within the EEA. While Henty states that “most vertical relationships do not raise competition concerns, however,” brands such as Nike, Guess and Hello Kitty maker Sanrio, among others, have nonetheless come under criticism for their use of such trade restrictions.

Positive reforms

Given the persistent attempts by brands to exercise greater control over the distribution of their products, including the conditions under which their products are offered and sold, it should come as no surprise that “many manufacturers and brand owners of leading press for positive reforms in this area. zone, ”according to lawyers for Osborne Clarke, Marc Shrimpling, Valeria Veneziano, Rebecca Malone, Sebastian Hack, Cecilia Sbrolli and Alexandre Glatz. They claim that from the perspective of manufacturers and brand owners operating in the EU and UK (although the UK has left the EU, the VBER is an example of successful legislation), the proposed reforms which derive from the VBER project. They highlight the “positive aspects of the proposed reforms for manufacturers and brand owners”.

Double pricing will be allowed – Under this VBER, it is illegal to set different wholesale prices depending on whether the products in question will be resold online or in a physical store. Earlier this year in France, for example, Lego was forced to change its discount policy to remove aspects of support for physical retailers that de facto amounted to double pricing. Under the new regulations, in the UK and the EU at least some degree of dual pricing will be allowed in order to provide positive support and incentives to traditional retailers.

Additional protection and flexibility for selective distribution models – The UK and EU appear to have recognized the value of Selective Distribution (“SD”) for brand owners as a way to ensure consistent and efficient execution of their retail strategies. The proposals will give manufacturers greater powers to enforce their SD systems by preventing all sales in SD territory by unauthorized distributors. The proposals also give manufacturers more flexibility in defining SD selection criteria so that they are not required to define equivalent criteria for online and offline sales.

Express freedom to restrict resale on online marketplaces – As an express confirmation of the founding judgment of the Court of Justice of the European Union in the Coty case in 2017, in which the Court ruled that “a supplier of luxury goods may prohibit its authorized distributors to sell these products to a third party. Internet platform such as Amazon ”in order to“ preserve the luxury image of products ”, the new proposals will make it clear that manufacturers are free to restrict the ability of retailers to resell in online marketplaces, that products in whether or not luxury goods or highly technical offerings.

Possibility of “sharing” the exclusivity between the selected business partners – Under the current VBER, the legal protections granted to an exclusive distribution partner are only valid if the manufacturer selects a single partner per territory. As part of the proposed reforms, it will now be possible to allocate a particular territory or group of clients to a certain number of partners without sacrificing any legal protection.

Areas of concern

Even with the above gains in mind, the proposed new VBER, whose initial consultation period ended last month and which is now the subject of a final round of stakeholder comments, there is a number of areas that Shrimpling, Veneziano, Malone, Hack, Sbrolli and Glatz characterize as “areas of concern to manufacturers and brand owners ”, such as…

Maintaining resale prices remains a “hard” ban – Despite lobbying efforts from some sectors, EU and UK competition regulators do not allow manufacturers to set ‘advertised minimum prices’, although this is permitted in some other jurisdictions including in the USA. Therefore, retailers should always remain free to determine their resale prices, subject only to legitimate maximum price instructions and / or manufacturer’s price recommendations.

Additional restrictions on online advertising now expressly blacklisted – In addition to an outright ban on preventing online sales by retailers, the EU has made it clear that preventing a retailer from advertising online, including through the use of web sites comparing prices and buying preferences on search engines would amount to illegal behavior.

Dual distribution in the spotlight, especially where the manufacturer has a direct presence to the consumer – Manufacturers are increasingly emphasizing the need for manufacturers to ensure that they have in place effective internal information barriers to ensure that the data and information they receive from their third party retail partners do not unduly influence their own direct access to independent consumer retail operations.

Persistent uncertainty around the use of agency agreements, most-favored-nation clauses and online intermediaries – Although regulators in the EU and UK have recognized the importance of implementing partners and other intermediaries who are essential to running a successful e-commerce business, there is still uncertainty considerable impact on how manufacturers can use these intermediaries without creating a significant competition law risk.

Evidence of divergence between EU and UK competition regimes – At this point, the differences between EU and UK regulation of supply and distribution agreements appear relatively minor. But manufacturers and brand owners may begin to see regulatory landscapes diverge, which can create additional, longer-term compliance issues, compared to the consistency and stability of the VBER, which still applies from the same way in both regions until May 31, 2022.

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Viral sensation Madame Inutz now recording artist https://stefmike.org/viral-sensation-madame-inutz-now-recording-artist/ https://stefmike.org/viral-sensation-madame-inutz-now-recording-artist/#respond Sun, 03 Oct 2021 11:40:00 +0000 https://stefmike.org/viral-sensation-madame-inutz-now-recording-artist/

Internet personality Daisy Lopez, also known as viral online seller Madame Inutz, has officially released the highly anticipated music video for her debut song titled “Inutil”, composed by Ryan Soto.

Rising social media star Daisy Lopez aka Madam Inutz is releasing her first single.

The official clip was posted to his YouTube channel on September 23. In the clip, Madame Inutz stunned Internet users with her fashionista looks in her trendy clip. This video reminded netizens of Lady Gaga although Madame Inutz is a huge fan of Miley Cyrus. Now that she is officially a recording artist, her hoarse voice is perfect for novelty, rap, hip hop or the rock genre “Tunog Kalye”, as are the Pinoy singers who were known for their own styles like Aegis. , Sampaguita or Up Dharma Down. Madame Inutz cites Aegis and Miley Cyrus as musical influences. Her singing inspirations are Janine Berdin, Cardi B and Nikki Minaj. Madame Inutz couldn’t be more grateful to Wilbert Tolentino, her manager, for giving her the great luck and incredible opportunity that not everyone can have, especially at her age.

“There are a lot more younger and talented aspiring singers out there, but here I am releasing my first single,” she said in Tagalog. Tolentino has many plans for Mrs. Inutz whom he described as “very hardworking, responsible and listens attentively to all her advice and instructions”. He plans to make her the official brand ambassador of online sellers and he wanted her to learn more about entrepreneurship so that she could invest and grow her business while heading into the industry. entertainment. ‘Useless’ is now available through Spotify, Apple Music, Amazon Music, Deezer, Tidal, Vevo, Tiktok, Youtube Music, Beatport, Instagram, Snapchat, Twitch, Shazam, iTunes, Facebook, iTunesRadio and other music streaming sites in line. For inquiries and product approval call 09175INUTIL / 09175468845 or email [email protected]

DISCLAIMER: Reader comments posted on this website are in no way endorsed by The Standard. Comments are the opinions of thestandard.ph readers exercising their right to free speech and do not necessarily represent or reflect the position or point of view of thestandard.ph. While reserving the right in this post to remove comments deemed offensive, indecent, or inconsistent with The Standard’s editorial standards, The Standard cannot be held responsible for any false information posted by readers in this comments section.

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How to use Etsy to buy and sell products https://stefmike.org/how-to-use-etsy-to-buy-and-sell-products/ https://stefmike.org/how-to-use-etsy-to-buy-and-sell-products/#respond Sat, 02 Oct 2021 21:30:00 +0000 https://stefmike.org/how-to-use-etsy-to-buy-and-sell-products/

Etsy is a “handmade” marketplace that connects sellers and buyers online. In 2020, nearly 81.9 million buyers purchased unique and creative products through the Etsy ecosystem. The platform supports small businesses and often individual businesses with an intuitive shopping interface and an option to manage shipping from the site.

Here, we’ll cover how to use Etsy for buyers and sellers, and everything you might need to know.

Getting started with Etsy

Before you can start using Etsy, you need to sign in or create an Etsy account. The account you create is what you’ll use to manage your store or purchase products from other sellers on Etsy. Here’s how you can create your account on Etsy.

  1. Visit Etsy or go to the mobile app, then click Log in.

  2. Fill out the form to create an account. You will need your email address or choose to Continue with Google, Continue with Facebook, Where Continue with Apple.

    Etsy registration form

  3. Enter your name and password and click on Register now.

  4. Check your email for a confirmation email sent by Etsy and confirm your email to complete your registration process.

    Etsy confirmation email

How to use Etsy as a buyer

Etsy makes online shopping easy and straightforward because it offers a smooth and seamless payment system. If you’re looking to buy on Etsy, here’s how.

  1. Head to Etsy.

  2. To find an item to buy, you can browse the categories in the top navigation bar or search for a specific item or store in the search. field at the top of the site. You can also enter the web address of a specific store.

  3. You will need to browse search results or a seller’s page to find a product that you are looking for.

  4. Once you have found a product, click Add to Cart. You can choose to add a note to seller, order the item as a gift, or apply store discount codes.

  5. Once your order is ready, select your preferred method of payment and click on Proceed to checkout.

    etsy buyer payment page

  6. Finally, confirm your shipping address and payment information. If you are not signed in to your Etsy account, click Continue as a guest Where Log in, and enter your shipping and payment information.

  7. Click on Place your order. Now you have successfully completed your order and should receive your goods on time.

RELATED: Ways to Spot a Fake Retail Website

How to use Etsy as a seller

Etsy makes it easy for you to set up your store and start selling your products on the platform. Once you’ve read on to start selling, here’s what you need to do.

How to set up your Etsy store

  1. Head to Etsy. Go to the upper right corner and click on Sell ​​on Etsy.

        Sell ​​on Etsy

  2. Then click Open your Etsy store.

  3. Choose the language, country and currency of your store. The store language you select will be the default language you use when selling your items. You can also add other languages ​​as translations when describing your items after opening your store.

    etsy-boutique-open

  4. When you are finished, click Save and continue.

  5. Now you need to configure the name of your store. Go to Search bar and enter a store name. If a name is already taken, you will have to choose a new one.

    Etsy store name

  6. Once you have chosen a name, click Save and continue.

It’s important to choose a name for your store that speaks to your brand and is unique to your business. In addition to being unique, the name you select must not contain spaces, swear words, special characters, be less than four or more than 20 characters long, and must not infringe on another company’s brand. .

How to List an Item on Your Etsy Store

Now that you have your store ready, it’s time to list some products and start selling.

  1. Visit the Etsy site and click on Shop manager.

  2. If you want to list a product on the Etsy app, tap Following.

  3. Click on Advertisement. If you are a new seller, click Your shop.

  4. Finally, select Add ad and add your articles.

    add-list on esty

  5. You will need to add photos, add title, category and description, add inventory and price information, add shipping options, and choose whether you want to set up Etsy ads to list a product in your store.

  6. Once you are done adding your items, click Save as a draft Where Publish to save. You can preview your ad by clicking Preview.

RELATED: Online Shopping Sites With Free International Shipping

How to set up payments on Etsy

The last step in setting up your store is setting up how to get paid. There are several payment options to choose from on Etsy. First of all, you need to check if you are in an eligible country. You won’t be able to open a store if you’re not in an eligible country for Etsy payments.

  1. Visit Etsy and click Shop manager.

  2. The choice on Finance > Payment settings. Fill in the requested information and your bank details.

    How to get paid on Etsy's setup window

  3. Click on Select the country of your bank account and enter your payment information. Enter your credit or debit card information.

  4. Click on Save and continue.

Etsy will send an email to verify your bank account in order to receive payments. If you don’t verify your bank account within 90 days, your store will be suspended.

The importance of keywords on your Etsy store

Using keywords that are more likely to appear in search results will help you increase your sales. These keywords can be included in your tags, titles, categories and attributes.

It helps to use specific categories and add any relevant options that might describe your item to your attributes. It is also helpful to write short, clear, and descriptive titles that are easy to read, starting with the words that best describe your article.

To update your keywords, you must:

  1. Go to Etsy and click Shop manager.

  2. Click on Editing.

  3. To select Edition labels from the drop-down list or edit your titles using the Quick Edit tool.

RELATED: Main Keywords and SEO on Your Blog or Website

Use your new Etsy knowledge

Etsy is a great marketplace for unique, handmade items. He acts as an intermediary between buyers and sellers. Starting your store is free and there are no monthly fees for buyers either.

The user interface is quite intuitive if you want to shop for an item, with navigation sections such as clothing and shoes, jewelry and accessories, and crafting supplies and tools. Overall, Etsy is an exciting and creative one-stop-shop online store for unique products.


Online shopping with a smartphone
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Entertainment News Roundup: Liam Gallagher to Perform at Knebworth Park, Announces New Album; Golden Globes Group Adds New Members As They Strive To Diversify And More https://stefmike.org/entertainment-news-roundup-liam-gallagher-to-perform-at-knebworth-park-announces-new-album-golden-globes-group-adds-new-members-as-they-strive-to-diversify-and-more/ https://stefmike.org/entertainment-news-roundup-liam-gallagher-to-perform-at-knebworth-park-announces-new-album-golden-globes-group-adds-new-members-as-they-strive-to-diversify-and-more/#respond Sat, 02 Oct 2021 04:58:57 +0000 https://stefmike.org/entertainment-news-roundup-liam-gallagher-to-perform-at-knebworth-park-announces-new-album-golden-globes-group-adds-new-members-as-they-strive-to-diversify-and-more/

Here is a summary of the current entertainment briefs.

Golden Globes group adds new members as they work to diversify

The Hollywood Foreign Press Association announced Friday that it has added 21 new members as part of its efforts to diversify the ranks of the organization that awards the Golden Globes for film and television. The additions bring the total number of HFPA members to 105. Of the new members, nearly half are women and six are black, according to an HFPA statement.

Boxing legend Muhammad Ali’s drawings up for auction

A rare collection of sketches and paintings by American boxer Muhammad Ali – who loved to draw between fights – will be auctioned in New York next week. The 24-piece collection, many of which are cartoonish and some signed, reflect Ali’s interest in religion and social justice, but there are also some that illustrate him in the ring.

Liam Gallagher to perform at Knebworth Park, announces new album

Twenty-five years after British rock band Oasis performed two historic shows for 250,000 people at Knebworth Park, former lead singer Liam Gallagher said on Friday he would return to the site for what has been described as his biggest solo concert. The 49-year-old, who has also announced the release of a new album, will perform next June at Knebworth Park in Hertfordshire, north London, with singer Michael Kiwanuka and the bands Kasabian, Goat Girl and Fat White Family opening the stage.

The seller takes advantage of the fame of “Squid Game” for its “sweet and deadly” treat

A South Korean candy billed as one of the deadly challenges in Netflix’s hit TV drama “Squid Game” became a worldwide craze, boosting business for the candy vendor who provided the show’s make-up. The series went viral by portraying childhood games with deadly consequences. One of the challenges is for the show’s cash-strapped contestants to carve the symbol etched into a brittle candy called a dalgona without breaking the entire room or risking being shot by masked operatives.

Singer Gloria Estefan reveals sexual abuse at age 9

Latin singer Gloria Estefan has revealed she was sexually abused at the age of 9 by a music teacher who was part of her family. The “Turn the Beat Around” singer first spoke about the abuse in an episode of “Red Table Talk: The Estefans” posted Thursday on Facebook Watch.

Disney resolves dispute with Scarlett Johansson over “Black Widow” movie

Walt Disney Co and actress Scarlett Johansson have resolved their legal dispute arising from the release of their Marvel superhero film “Black Widow,” the company and artist jointly said Thursday. Terms of the settlement between Disney and Johansson’s Periwinkle Entertainment company were not disclosed.

South Korean broadband company sues Netflix after increased traffic to ‘Squid Game’

South Korean internet service provider SK Broadband has sued Netflix to pay for costs related to increased network traffic and maintenance work due to an influx of viewers to the American company’s content, a SK spokesperson. The move comes after a Seoul court said Netflix should “reasonably” give the Internet service provider something in return for network use, and several South Korean lawmakers have spoken out against content providers who do not pay for network use despite generating explosive traffic.

‘No Time to Die’ for UK cinemas relying on Bond’s boost

British movie chains will enjoy the luxury of packed houses this weekend thanks to the lasting appeal of the James Bond franchise, but their challenge is to become a habit again after the coronavirus pandemic. Bond’s new film “No Time To Die” is perhaps a fitting title for an industry that has been battered by movie theaters around the world in an attempt to contain the deadly virus.

Celebrity Instagram content linked to negative feelings, Facebook researchers say

Top social media stars including Kim Kardashian, Justin Bieber and Charli D’Amelio are among the celebrities whose Instagram followers have more negative feelings about their self-image, according to an internal Facebook study revealed by The Wall. Street Journal this week, raising questions about the impact of celebrity culture online. The Journal released the leaked research slideshows on Wednesday, which served as the basis for articles it published earlier this month, saying Facebook knew its apps were harming the mental health of some teenage girls and young users.

Banksy’s “Girl With Balloon” diptych auctioned for the first time

A two-part version of Banksy’s painting “Girl With Balloon” grosses up to $ 4.75 million when it goes under the hammer for the first time at a Christie’s auction in London later this month. this. The rare edition, one of 25 created by the elusive British street artist in 2005, features a young girl in one painting and her heart-shaped balloon in another.

(This story was not edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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Rare dime sells for $ 1,556 after online auction war https://stefmike.org/rare-dime-sells-for-1556-after-online-auction-war/ https://stefmike.org/rare-dime-sells-for-1556-after-online-auction-war/#respond Fri, 01 Oct 2021 17:15:00 +0000 https://stefmike.org/rare-dime-sells-for-1556-after-online-auction-war/

A rare dime recently sold for over a thousand dollars on eBay.

Seller success may mean you’ll want to check out your own home to make sure you don’t have one lying around.

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This rare coin sold for $ 1,556.20 on eBay

The design features a Liberty wearing a winged cap

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The design features a Liberty wearing a winged capCredit: eBay

The coin, known as the Mercury dime, was designed by Adolph A. Weinman in 1916.

The design of the coin features a Liberty wearing a winged cap.

The dime is in .900 silver, with a diameter of 17.9 mm and a mass of 2.5 grams.

“This specimen is in an old PCI holder, classified FN12 with environmental damage,” the eBay listing states.

“This company has since gone out of business, but we have examined the coin and found it to be genuine.”

It took 35 bids to win the ad. The final bid was $ 1,556.20.

The seller of this product was Nationalrarities, which partners with retail jewelers across the country to buy and sell real estate.

The seller has 99.8% positive feedback, with only 14 neutral and negative feedback.

In addition, this is the same seller who sold a rare flying eagle piece for over $ 11,000.

But other advertisers are also successful in selling rare coins. There are other rare Mercury dimes currently on eBay.

One now has a purchase of $ 1,622.25.

Is your small change worth a fortune?

If you think you have a rare coin, you may be able to create real currency.

The most valuable coins are usually those with a low mintage or error, as they are considered the most valuable by collectors.

To check if your coins are worth anything on eBay, search for the full name, select the “sold” listing, then switch the search to “highest value”.

This will give you an idea of ​​how much money the coin is intended for.

You can choose to sell the coin on eBay or through a specialty site such as Coinappraiser or USA Coin Book.

If you choose eBay, remember to set a minimum price that is greater than or at least equal to the face value of the coin – or you could lose money.

You should also know that even if your part “sells” on eBay for a high price, there is no guarantee that the buyer will pay.

Under eBay’s terms and conditions, bidders enter into a “legally binding contract for the purchase of an item”.

However, there is no way to apply this rule.

The most eBay can do is add a note to their account for the unpaid item or remove their ability to bid and buy.

Recently, a rare Lincoln penny sold for $ 325.

Last month, a rare 25-cent error coin sold for $ 599.

And in July, a rare $ 2.5 Liberty Head coin sold for over $ 3,300.

Check your pocket change as a rare Lincoln Penny error coin could earn you money

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Flipkart-Amazon rivalry heats up India’s online shopping season https://stefmike.org/flipkart-amazon-rivalry-heats-up-indias-online-shopping-season/ https://stefmike.org/flipkart-amazon-rivalry-heats-up-indias-online-shopping-season/#respond Fri, 01 Oct 2021 06:37:00 +0000 https://stefmike.org/flipkart-amazon-rivalry-heats-up-indias-online-shopping-season/

NEW DELHI – India’s e-commerce scene heats up as Walmart-owned Flipkart and Amazon kick off annual fall festival sales on October 3, offering deep discounts on products ranging from smartphones to home appliances and the go by clothes. In total, sales are expected to reach over $ 9 billion.

Flipkart, a local e-commerce platform, and the Indian arm of Amazon are each said to have market shares of over 30% in the country’s online retail market. The two main players have moved ahead with the launch of their fall sales and will start on the same day instead of their original plan which was due to start on October 7 and 4 respectively, underlining the struggle for a larger share of Indian bargain hunters.

Amazon and Flipkart have decided to launch their sales promotions during Shradh, which started on September 20 and will run until October 6 of this year. During Shradh, Hindus remember their deceased ancestors. It is traditionally regarded as an inauspicious time to shop for clothes, jewelry, or other household items. In past years, both companies have launched their sales at the nine-day Navratri Festival, which comes after Shradh.

“They cannot allow [their rival] to start selling earlier, ”Arvind Singhal, chairman of retail consultancy Technopak Advisors, told Nikkei Asia. “If the sale starts earlier [for one seller] and customers end up buying goods, they won’t buy on the other platform three days later, ”he said, pointing to the intense competition between Amazon and Flipkart.

Singhal pointed out that young people don’t care much whether the sales take place during Shradh or festivals, and will buy whenever the offers are attractive. He added that the economy appears to be in good shape as daily COVID-19 cases decline, offices reopen, and people dine and travel again. “As a result, no business wants to miss an opportunity for consumers to spend money on merchandise.”

Amazon’s fall sales event in India will feature more than 1,000 new product launches from top brands including Samsung, OnePlus, Xiaomi, Sony and Apple. © Reuters

The number of daily COVID cases in India fell to less than 30,000 from a peak of over 400,000 a day in early May. The country has so far confirmed more than 33.7 million cases, just behind the United States

Amazon has revealed some of the deals it plans to bring to smartphones at its “Great Indian Festival” event, including handsets from Samsung, Vivo and OnePlus. Samsung’s Galaxy Note 20 – which was available on its website for 55,400 rupees ($ 745) on Thursday, a discount of around 30% – will sell for 44,999 rupees during the sales period. The price of Apple’s iPhone11 will also be reduced by 54,900 rupees. The sale price has not yet been announced.

The U.S. e-commerce giant has partnered with HDFC Bank to offer automatic 10% discounts on purchases made during the sales period, further softening offers for customers who purchase with credit or debit cards from the bank. Amazon did not specify the duration of the sale, but it is expected to last a month – until the Diwali festival on November 4 – as it did last year.

Flipkart has similar ties to Axis and ICICI banks for its “Big Billion Days” sale, which will run through October 10. The online retailer will offer discounts of up to 80% on electronics, appliance and fashion brands including Philips, Lenovo, LG, Whirlpool, IFB and Puma. The company has some impressive deals on low-end smartphones. For example, the Realme 8i will be priced at Rs 11,999, which is less than the 18% discounted price of 12,999 that it was offering on Thursday.

A robot assembles a cardboard box at a Flipkart distribution center on the outskirts of Bangalore in southern India. © Reuters

Flipkart said on its website that it would offer its “craziest price” on the iPhone12, the 64GB model of which was available on its website for 63,999 rupees before the sale. “In addition to the ongoing discounts, there will be deals and surprise offers every hour,” the company said.

Pulkit, an 18-year-old student in New Delhi who bought an iPhone 11 last month, regrets not waiting for the sale. “After reading about these upcoming online deals on smartphones, I think I could have gotten a better deal if I had bought my phone during the festival sales,” he said, adding that he would now be looking for deals on cameras and laptops. .

Other ecommerce sites also have offers during the holiday season, but none can match the buzz created by the Flipkart and Amazon sales events.

This year, the gross value of goods (GMV) of online sellers, or the total value of items sold, is expected to increase 30%, year over year, to $ 4.8 billion over the course of the year. the first week of sales, when most purchases are made. . Sales could reach more than $ 9 billion in the holiday month, up 23% from $ 7.4 billion last year, according to consulting firm RedSeer, which expects that mobile phones, electronics and household appliances, and fashion are the top three sales categories.

“The growth will be primarily driven by accelerated online adoption, which has been seen as an effect of COVID,” said RedSeer, adding that the holiday season will be the icing on the cake for the online retail industry. 2021, which has been supported by a rapidly growing customer and seller base throughout the year.

India’s total online GMV is expected to reach $ 49-52 billion in 2021, up from $ 38.2 billion last year and $ 27.1 billion in 2019, RedSeer said in a report on the sales of the festival season.

Members of the Confederation of All Indian Traders gather in New Delhi to protest Amazon founder Jeff Bezos’ visit to India in January 2020 © Reuters

Besides the tailwind of digital adoption, seasonal sales “will be able to capitalize on the emotions of the gifting season in India,” said Shahan South, investment professional at Indian Angel Network.

Amazon’s sales event will include more than 1,000 new product launches from top brands including Samsung, OnePlus, Xiaomi, Sony, Apple, Boat, Lenovo, HP, Asus, Fossil, Levi’s, Bosch and others, it said. the company in a press release. He also announced the creation of more than 110,000 seasonal jobs before the sale, which he said “will help strengthen our fulfillment, delivery and customer service capabilities.”

Although in-person shopping has also recovered as the second wave of COVID subsides in India, the Confederation of All Indian Traders, which represents more than 70 million traders nationwide, remains on alert. In a September 27 statement, he accused Amazon and Flipkart of adopting a business model that makes consumers “accustomed to buying cheap products” in order to drive competitors out of the market and charge higher prices to the market. to come up. The high concentration of shopping during the shopping festival can also increase friction between online and offline retailers.

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Are you a first-time home buyer baffled by real estate jargon? Here is a primer. | https://stefmike.org/are-you-a-first-time-home-buyer-baffled-by-real-estate-jargon-here-is-a-primer/ https://stefmike.org/are-you-a-first-time-home-buyer-baffled-by-real-estate-jargon-here-is-a-primer/#respond Thu, 30 Sep 2021 19:50:00 +0000 https://stefmike.org/are-you-a-first-time-home-buyer-baffled-by-real-estate-jargon-here-is-a-primer/

Like any profession, real estate has its own jargon that people outside the industry don’t always understand. Online listings include terms that indicate the status of a property which can be confusing to buyers.

We asked Laura Schwartz, real estate agent at McEnearney Associates in McLean, Va., And Meredith Margolis, real estate agent at Compass in Washington, to explain some of these terms. They both responded by email. Their answers have been modified.

Q: What does it mean when a home is labeled “on hold” or “under contract with a referral clause” in an advertisement?

Schwartz: Our Multiple Listing Service (MLS) has two statuses to indicate that a contract has been accepted for a home. “Assets under contract” means that there are contingencies in place and the house can still be shown to accept backup offers. It is important to note that in many states, a seller cannot cancel a contract once it is accepted in writing. Only the buyer can cancel a contract. “Pending” means that a seller has accepted a written contract and no longer wants the house to be shown. Usually, in practice, this means that all eventualities have been met.

Margolis: If a property is on hold or under contract, the emergency periods have passed and / or the property is being successfully settled. If a property is contracted with an exclusion clause, it means that the property is under contract and the buyer of that property may be kicked out of the contract if he does not meet the criteria mutually agreed upon in the contract. A common referral clause is usually for a contract of sale that depends on the sale of another property.

Q: What other ad statuses are reported and what do they mean?

Schwartz: An “active” list is fully available and no contracts have been accepted. When a home is listed as “temporarily off-market” it usually means the seller needs the home not to be available for viewing. This could be because it’s not ready to be shown, they have visiting guests, or they are packing for a move. When a property is “retired” it means that the property has been taken off the market, but an active listing agreement is still in place. A “canceled” status means that the property has been taken off the market and the listing contract has been terminated or the contract has expired.

Margolis: An “active” status means that the property is for sale and available. Once a property receives an offer with one or more contingencies and is accepted, that property is “active under contract”.

Q: What is an exclusion clause and how does it work?

Schwartz: A “kick-out” clause usually means that there is an eventuality of a home sale – meaning a buyer has to sell their home in order to purchase the home under contract. This possibility can be “kicked out” if a seller gives them a formal notice and the buyer is unable or unwilling to proceed without this protection. If the buyer chooses to opt out, the second offer will go first and proceed as they normally would with any other contract. Our MLS statute, however, is somewhat confusing and misused: “Active under contract” does not necessarily mean that there is a referral clause, it can be a number of contingencies such as a home inspection, appraisal, homeowners association document review, etc., not all of which can be used by a seller for a “kick-out” option.

The other type of “kick-out” clause is to protect a seller. This is called an “emergency home of choice” and basically it gives the seller some time to find a new home to buy or they don’t have to sell their current home and the contract is canceled. In a market like the one we just went through, this has probably been used a few times. You need a flexible buyer who can wait for the time (sometimes 30-45 days) because during that time they go through all the regular contingencies – inspection, appraisal, HOA review, etc. But at the end of the day, if the seller can’t identify a new home, buyers have to start over.

Q: How does a return clause affect buyers and sellers who have signed a contract?

Schwartz: When a referral clause is accepted, the contract specifies how many days a buyer has to list their home for sale and how many days they will have to respond if a seller receives another offer and gives notice to the buyer. first the buyer to remove the possibility of selling the house or canceling the contract. The original buyer can choose to go ahead with the original contract by removing the referral clause or they can cancel their contract and be released in accordance with the terms of their contract.

In the event of a home of the seller’s choice, the buyer cannot cancel. They just have to wait for the time they agreed to in the contract. Their opportunity cost is all the other homes that can come on the market during the time they wait.

Margolis: A referral clause gives the seller some protection and flexibility and helps the buyer get the time they need to sell their home in order to qualify for the next purchase. Maybe a buyer will pay a premium for this home sale contingency he is offering. The seller benefits from the higher contract price and if the buyer sells a house in a favorable area for the right price, it could be beneficial to both parties.

There is specific language in the sales contract that provides a roadmap for how a seller might end their primary contract, if another stronger offer is submitted and the seller prefers to work with that secondary offer.

Q: Are exclusion clauses common?

Schwartz: It depends on the market. In a seller’s market, it is unusual for a seller to accept a referral clause, primarily because when faced with multiple offers to choose from, the additional risk of a referral clause is seldom assumed. In a buyer’s market, where homes may take longer to sell, a seller may consider a referral clause if they have no other options.

Another thing to note, we have the option, as a listing agent, to enter this information in an advertisement. If a seller does not want to consider a possible home sale, we can note that in the ad.

In a market like the one we just went through, I saw some choice eventualities at home. You have buyers who were anxious to do whatever they needed to do, so asking them to wait a few weeks wasn’t such a big favor as it might be in another market.

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[Funding alert] Meesho raises $ 570 million from Fidelity and B Capital at a valuation of $ 4.9 billion https://stefmike.org/funding-alert-meesho-raises-570-million-from-fidelity-and-b-capital-at-a-valuation-of-4-9-billion/ https://stefmike.org/funding-alert-meesho-raises-570-million-from-fidelity-and-b-capital-at-a-valuation-of-4-9-billion/#respond Thu, 30 Sep 2021 04:50:56 +0000 https://stefmike.org/funding-alert-meesho-raises-570-million-from-fidelity-and-b-capital-at-a-valuation-of-4-9-billion/

Social commerce platform Meesho raised $ 570 million to a valuation of $ 4.9 billion. The tour was led by Management and loyalty research company and Group B Capital. The cycle also saw the participation of existing Prosus Ventures investors, SoftBank Vision 2 Fund, and Facebook. Other new investors include Footpath Ventures, Trifecta Capital, Good Capital and others.

With a aim to reach 100 million monthly transactional users by December 2022, Meesho plans to use the new round of funding to multiply by 2.5 its technological and product talents, increase his list of 50+ million products, and become the platform of choice for customers, entrepreneurs and sellers across India.

(left to right): Sanjeev Barnwal and Vidit Aatrey, co-founders, Meesho

Meesho is also looking to expand its grocery and consumer products offerings with Farmiso (Meesho Grocery), its community group purchasing business to more than 200 cities. By making online grocery shopping affordable for first-time users in Indian Tier II markets, the company enables them to shop from a wide selection of grocery stores at prices as low as $ 1 to $ 2.

Vidit Aatrey, Founder and CEO of Meesho, said:

“The next wave of digital consumerism growth in India will undoubtedly come from Bharat. We have always focused our efforts on enabling entrepreneurs in Level II + markets to expand their business and, in turn, improve the small economic pockets of the country. The new cycle brings us closer to realizing our mission to democratize internet commerce for all, increase regional participation in the digital economy, and boost local businesses. “

The company invests in bringing equity to entrepreneurs and consumers in e-commerce by reducing barriers to entry, improving the logistics infrastructure for Level II + markets, and fostering discovery of businesses and hyperlocal products.

With initiatives like zero percent commission, sellers can now earn better profit margins and grow their business, while providing individual entrepreneurs and consumers with access to local products at the lowest prices, the company said.

Vidit added, “The participation of Fidelity Management and Research Company and B Capital Group is a great vote of confidence in our efforts. We will continue to invest in talent to create the best technology and product solutions, while focusing on growth and continuing our efforts to grow our online grocery business, Farmiso. I am confident that we will continue to set new milestones as we enable online success for every Indian business. ”

With a goal of empowering 100 million small businesses, including individual entrepreneurs, to succeed online, Meesho is democratizing internet commerce by bringing a range of products and new customers online. What started out as a reseller-driven platform allowing millions of people to sell online, has now become a unique ecosystem connecting sellers to consumers and entrepreneurs.

“We have assessed e-commerce opportunities in emerging markets and are excited about Meesho’s focus on a strong unit economy and consumer-centric approach. We are delighted to partner with Meesho and his exceptional team who are democratizing e-commerce for one billion internet users across the country. Meesho’s business model has an incredibly compelling value proposition with entrepreneurs, end customers and suppliers consolidating on one platform. It quickly established itself as a leading player in this field. Meesho now enables 100 million SMEs in Tier II + cities to sell online, leveraging its digital commerce platform ”, said Kabir Narang, founding general partner of B Capital Group.

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