Future of E-Commerce Video Lecture | E-Commerce - B Com

every few days we shop for cleaning
supplies to car parts to toothpaste we
need it we see it we buy it but did you
ever stop to think where does all your
money go let's take for example the
latest Nike shoe that sold for $100 the
cost for Nike to manufacture this shoe
was about $30 then that Nike shoe
travels through a national wholesaler
regional wholesaler and local wholesaler
for around $50 next in line the retail
store which buys it from the wholesaler
for around $65 the retail store wants to
make a profit and cover their expense so
they sell the shoe to you and I the
consumer for $100 and that my friends is
how the price of a shoe increases by
three hundred and thirty percent with no
value added to the shoe from the moment
it leaves the factory until it reaches
your feet what if you could put some of
these hundreds of percents of profit
into your own pocket think a moment and
travel back in time with me the year is
1899 and Sebastian Kresge has founded
Kmart over time
Kresge became aware of the need for
lower prices and higher values and so he
drew customer's attention using blue
flashing signs these blue light specials
told the shoppers about special sales
and led to increasing competition
between retailers in 1966
Sam Walton figures out a way to offer
customers an even better value for their
money by removing non-value-added
wholesalers from his supply chain its
allotted to lower prices and past
savings down to the customer all while
increasing the profits left over for
himself how did it work
The Waltons created the largest retailer
of all time and the Walton family became
very wealthy in 1994 more change was
coming Jeff Bezos founder of Amazon took
advantage of the information age
leveraging the Internet he got rid of
both wholesalers and retail stores
cutting out lots of middlemen expenses
Amazon offered in many cases familiar
products but for slightly lower prices
but because of e-commerce they also
offered to your doorstep convenience
because of the money and time savings
for the consumer in its path
paid society people started to shift as
a result much of the savings ended up
right back into amazon's pockets today
amazon sits as king of the hill in
e-commerce as a result of the e-commerce
explosion and Jeff now was a rocket ship
company because he became very wealthy
2016 meet pod Vera the historical
culmination of the way commerce will be
done like Amazon Vaughn para is an
e-commerce website that doesn't have to
pay for wholesalers or retail stores
however unlike all the previous examples
we also don't pay for advertising
instead we pay you to spread the word
about bond Vera that's right
Bob Harris applies excuses with everyday
products but with budget at everyday
dollars while also giving you the
opportunity to start to ring your own
cash register through our compensated
marketplace you are able to shop save
and earn money simply by redirecting
your commerce and connecting your
friends to shop at bond Vera to imagine
if every time you purchase something the
sound of a cash register went off but
this cash register was tied directly to
your bank account how much cash would it
require to quit your job or buy that car
you always wanted with cash how much
cash will be required to eat out of your
favorite restaurants every week or me to
just spend more time with your family
and total financial independence imagine
if all of that and more was possible
simply by buying the things you always
buy and by spreading the word about it
to your friends welcome to the future of
e-commerce welcome to bond Vera get back
with a person who sent this video right
away for more information
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