|
Drop Shipping
Drop shipping is a form of retail business where the seller accepts customer orders without keeping stock on hand. Instead, in a form of supply chain management, the seller transfers the orders and their shipment details either to the manufacturer, a wholesaler, another retailer, or a fulfillment house, which then ships the goods directly to the customer. The retailer is responsible for marketing and selling a product, but has little or no control over product quality, storage, inventory management, or shipping. By doing this, it eliminates the costs of maintaining warehouses – or even a storefront – purchasing and storing inventory, and employing necessary staff for such functions. As in any other form of retail, the seller makes profit on the difference between an item's wholesale and retail price, less any pertinent selling, merchant, or shipping fees accruing against them. Procedure A drop shipping business model does not require a brick and mortar store. It m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Retail Business
Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and then sells in smaller quantities to consumers for a profit. Retailers are the final link in the supply chain from producers to consumers. Retail markets and shops have a very ancient history, dating back to antiquity. Some of the earliest retailers were itinerant peddlers. Over the centuries, retail shops were transformed from little more than "rude booths" to the sophisticated shopping malls of the modern era. In the digital age, an increasing number of retailers are seeking to reach broader markets by selling through multiple channels, including both bricks and mortar and online retailing. Digital technologies are also affecting the way that consumers pay for goods and services. Retailing support services may also include the provision o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Merchant
A merchant is a person who trades in commodities produced by other people, especially one who trades with foreign countries. Historically, a merchant is anyone who is involved in business or trade. Merchants have operated for as long as industry, commerce, and trade have existed. In 16th-century Europe, two different terms for merchants emerged: referred to local traders (such as bakers and grocers) and ( nl, koopman) referred to merchants who operated on a global stage, importing and exporting goods over vast distances and offering added-value services such as credit and finance. The status of the merchant has varied during different periods of history and among different societies. In modern times, the term ''merchant'' has occasionally been used to refer to a businessperson or someone undertaking activities (commercial or industrial) for the purpose of generating profit, cash flow, sales, and revenue using a combination of human, financial, intellectual and physical capit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fulfillment House
Fulfillment house and fulfillment center (in British English: fulfilment house and fulfilment centre) are modern terms for a packing warehouse. The terms were coined in the middle of the 1990s, and "fulfillment center" is usually used about an in-house packing warehouse, while "fulfillment house" tends to be used about companies that specialize in warehousing and packing for others. Origin of term The usage of the word "'fulfillment" in relation to goods shipments comes from the terms "order fulfillment" and "product fulfillment", which were introduced by business management researchers who analysed supply chains in the late 1980s. This was soon picked up by PR people working for picking warehouse companies, who felt that "fulfillment centre" or "fulfillment house" sounded more positive and active than the old term "warehouse". The terms are still so new and unknown by people outside that industry that "warehouse" often is added in parenthesis or used as an alternative word in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Entrepreneur (magazine)
''Entrepreneur'' is an American magazine and website that carries news stories about entrepreneurship, small business management, and business. The magazine was first published in 1977. It is published by ''Entrepreneur Media Inc''., headquartered in Irvine, California. The magazine publishes 10 issues annually, available through subscription and on newsstands. It is or has been published under license internationally in Mexico, Russia, India, Hungary, the Philippines, South Africa, and others. Its editor-in-chief is Jason Feifer and its owner is Peter Shea. History Every year since 1979, ''Entrepreneur'' has published a list of its top 500 franchise companies. The magazine also published many other lists and awards, one of the most prominent being the Entrepreneur 360 formed to identify businesses mastering the art and science of growing a business. Companies are evaluated based on the analysis of 50-plus data points organized into five pillars: Revenue and Customers, Managemen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BuzzFeed News
''BuzzFeed News'' is an American news website published by BuzzFeed. It has published a number of high-profile scoops, including the Steele dossier, for which it was heavily criticized, and the FinCEN Files. Since its establishment in 2011, it has won the George Polk Award, The Sidney Award, National Magazine Award, the National Press Foundation award, and the Pulitzer Prize for International Reporting. History ''BuzzFeed News'' began as a division of BuzzFeed in December 2011 with the appointment of Ben Smith as editor-in-chief. In 2013, Pulitzer Prize winner Mark Schoofs of ProPublica was hired as head of investigative reporting. By 2016, ''BuzzFeed News'' had 20 investigative journalists. The British division of ''BuzzFeed News'' is headed by Janine Gibson, formerly of ''The Guardian''. Notable coverage includes a 2012 partnership with the BBC on match-fixing in professional tennis, and inequities in the U.S. H-2 guest worker program, reporting of which won a National Ma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Buzzfeed News
''BuzzFeed News'' is an American news website published by BuzzFeed. It has published a number of high-profile scoops, including the Steele dossier, for which it was heavily criticized, and the FinCEN Files. Since its establishment in 2011, it has won the George Polk Award, The Sidney Award, National Magazine Award, the National Press Foundation award, and the Pulitzer Prize for International Reporting. History ''BuzzFeed News'' began as a division of BuzzFeed in December 2011 with the appointment of Ben Smith as editor-in-chief. In 2013, Pulitzer Prize winner Mark Schoofs of ProPublica was hired as head of investigative reporting. By 2016, ''BuzzFeed News'' had 20 investigative journalists. The British division of ''BuzzFeed News'' is headed by Janine Gibson, formerly of ''The Guardian''. Notable coverage includes a 2012 partnership with the BBC on match-fixing in professional tennis, and inequities in the U.S. H-2 guest worker program, reporting of which won a National Ma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Medium (website)
Medium is an American online publishing platform developed by Evan Williams and launched in August 2012. It is owned by A Medium Corporation. The platform is an example of social journalism, having a hybrid collection of amateur and professional people and publications, or exclusive blogs or publishers on Medium, and is regularly regarded as a blog host. Williams, previously co-founder of Blogger and Twitter, initially developed Medium as a means to publish writings and documents longer than Twitter's 140-character (now 280-character) maximum. In March 2021, Medium announced a change in its publishing strategy and business model. The change is to its mix of paid journalists working on its own publications – this will be proportionally reduced – versus its support of independent writers, which will increase. History 2012 (launched) - 2016 Evan Williams, Twitter co-founder and former CEO, created Medium to encourage users to create posts longer than the then 140-character ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reply All (podcast)
''Reply All'' is an American podcast from Gimlet Media that ran from 2014 to 2022, featuring stories about how people shape the internet, and how the internet shapes people. It was created by P. J. Vogt and Alex Goldman, who were the show's original hosts; they had previously hosted the technology and culture podcast ''TLDR'' for WNYC. Emmanuel Dzotsi became a third cohost in 2020. The podcast received critical acclaim, winning several awards. In 2021, Vogt and a producer left the show following backlash critical of the work environment. Both Goldman and Dzotsi left the show in 2022; the final episode was released on June 23. History ''Reply All'' was an American podcast from Gimlet Media, hosted by Alex Goldman and Emmanuel Dzotsi in its final year. Producer P. J. Vogt was Goldman’s original cohost. Before joining Gimlet, Vogt and Goldman hosted a technology and culture podcast called ''TLDR'' for WNYC. ''Reply All'' premiered November 24, 2014, the second podcas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Profit Margin
Profit margin is a measure of profitability. It is calculated by finding the profit as a percentage of the revenue. \text = = There are 3 types of profit margins: gross profit margin, operating profit margin and net profit margin. * Gross Profit Margin is calculated as gross profit divided by net sales (percentage). Gross Profit is calculated by deducting the cost of goods sold (COGS) from the revenue, that is all the direct costs. This margin compares revenue to variable cost. It is calculated as: \text = \text - (\text + \text + \text) \text = \text - \text - \text \text = * Operating Profit Margin includes the cost of goods sold and is the earning before interest and taxes ( EBIT) known as operating income divided by revenue. It is calculated as: \text = * Net profit margin is net profit divided by revenue. Net profit is calculated as revenue minus all expenses from total sales. \text = Overview Profit margin is calculated with selling price (or revenue) taken as base t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reseller
A reseller is a company or individual (merchant) that purchases goods or services with the intention of selling them rather than consuming or using them. This is usually done for profit (but can be done at a loss). One example can be found in the industry of telecommunications, where companies buy excess amounts of transmission capacity or call time from other carriers and resell it to smaller carriers. According to the Institute for Partner Education & Development, a reseller's product fulfillment–based business model includes a corporate reseller, retail seller, direct market reseller (DMR), and an internet retailer (eTailer); less than 10 percent of its revenue comes from services. Internet Resellers are known to conduct operations on the Internet through sites on the web. For example, this occurs where individuals or companies act as agents for ICANN accredited registrars. They either sell on commission or for profit and in most cases, but not all, the purchase from the reg ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Networking Service
A social networking service or SNS (sometimes called a social networking site) is an online platform which people use to build social networks or social relationships with other people who share similar personal or career content, interests, activities, backgrounds or real-life connections. Social networking services vary in format and the number of features. They can incorporate a range of new information and communication tools, operating on desktops and on laptops, on mobile devices such as tablet computers and smartphones. This may feature digital photo/video/sharing and diary entries online (blogging). Online community services are sometimes considered social-network services by developers and users, though in a broader sense, a social-network service usually provides an individual-centered service whereas online community services are groups centered. Generally defined as "websites that facilitate the building of a network of contacts in order to exchange various types of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Work-at-home Scheme
A work-at-home scheme is a get-rich-quick scam in which a victim is lured by an offer to be employed at home, very often doing some simple task in a minimal amount of time with a large amount of income that far exceeds the market rate for the type of work. The true purpose of such an offer is for the perpetrator to extort money from the victim, either by charging a fee to join the scheme, or requiring the victim to invest in products whose resale value is misrepresented. Overview Remote work schemes have been recorded since the early 20th century; the earliest studied "envelope stuffing" scam originated in the United States during the Great Depression in the 1920s and 1930s. In this scam, the worker is offered entry to a scheme where they can earn $2 for every envelope they fill. After paying a small $2 fee to join the scheme, the victim is sent a flyer template for the self-same work-from-home scheme, and instructed to post these advertisements around their local area ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
