Top 3 Questions Related to the eCommerce Business
Steve walks through the three questions he hears most about e-commerce: when it started, whether it will replace retail, and whether it actually makes money, with a caution to keep cash in reserve.
Steve Simonson
On-air link:awesomers.com/138
Show notes
Steve tackles the three e-commerce questions he gets asked most often: when e-commerce began, whether it will eventually take over retail, and whether e-commerce businesses actually turn a profit.
Along the way he touches on the psychology of shoppers watching local stores close, and flags the US-China trade tensions of the moment as a reason to keep some cash held back rather than betting everything on a fifty-fifty idea.
A good primer for anyone new to e-commerce, or explaining the space to someone who is.