What Billionaires Can Afford to Buy

It must be great to be rich. For example, look at this post. How Affluent Americans Live. So, what billionaires can afford to buy will fill up many shopping carts! And the rest of us may envy this. In addition, they could contribute to making the world a better place.


What Billionaires Can Afford to Buy

Thanks to Emily Campbell of Siege Media for authoring this section of today’s post. And to Self Lender for the infographic.

“Did you know that over 700,000 U.S. workers make only minimum wage? Or that the average American has credit card debt of over $6,000? What about the 554,000 homeless Americans? Have you heard that almost 43 million Americans have unpaid medical bills? How will students pay off their collective debt that exceeds $1 trillion?”

“The billionaires of the world might be able to solves these challenges and more. There are 2,208 billionaires globally. With a net worth of $4.1 billion each!! Collectively, their net worth surpasses $5 trillion.”

“Self Lender conducted a study using averaged values, such as a billionaire’s net worth and total number of billionaires, to see whether they have the resources to fix some or all of our complex monetary problems.”

“Diminishing student loans would enable millions of people to invest in real -state, vehicles, and even college funds for their own children. Increasing earnings by raising the minimum wage to $15 could result in an increase in productivity and funds that workers can put back into the economy.”

“In addition to the study, the infographic features three billionaires who lead by example. Self Lender calculated the ‘generosity index’ of Bill Gates, Warren Buffett, and George Soros by dividing their lifetime donations by their net worth. The end number, or index, represents what percentage of their net worth they have generously donated.”

“Check out the infographic below to find out if billionaires have the resources available to solve some of our largest economic dilemmas.”

What Billionaires Can Afford to Buy

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Amazon’s Evolution

As we know, Amazon is the king of online retailing. And just recently, the firm joined Apple with a marketing capitalization of $1 trillion. In addition, founder Jeff Bezos is the world’s richest man. What would YOU do with $160 BILLION? Today, we look at Amazon’s evolution. In 1994, who would have thought that Amazon would be such a dominant firm in 2018?

Amazon’s Evolution

Consider Spencer Sopers’ report for Bloomberg:

“Amazon CEO Jeff Bezos is famously patient. Amazon uses Whole Foods as a lab to reinvent grocery shopping before expanding what works, says Neil Ackerman. He is a former Amazon executive who now works for Johnson & Johnson. ‘They will experiment and be totally misunderstood for long periods of time,’ he says. “Walmart is built to deliver pallets to 4,000 stores. And Amazon is built to deliver packages to millions of homes. Who do you want to bet on: the pallet people or the package people?’”

Amazon Prime Booming

Despite its great results, Amazon never rests on its laurels. Hence, its expanded offering of private-label goods. And its greater clothing selections. Also its increased use of same-day delivery. And more!

But, its Amazon Prime memberships form the base of its success. These eMarketer charts show why.

The Growth of Amazon Prime

Amazon's Evolution

Frequency of Purchases via Amazon Prime

Amazon's Evolution

Posted in Online Retailing, Part 2: Ownership, Strategy Mix, Online, Nontraditional, Part 5: Managing a Retail Business, Part 7: Communicating with the Customer, Part 8: Putting It All Together, Video Clips (non-career) | Tagged , , , | Leave a comment

Online Older Grocery Shoppers Matter Too

Those 50 years old and older are an important online shopping segment. Even if retailers and their suppliers don’t realize this. Online older grocery shoppers matter too!

As Krista Garcia reports for eMarketer:

One study “found that these shoppers who buy food online fall into two distinct groups: high-income consumers who like convenience and those with mobility issues for which shopping digitally is more of a necessity. In many ways, it makes sense that older consumers who may not drive or who may have trouble carrying groceries would take advantage of online grocery delivery if they could. In a June 2018 Adobe survey, more U.S. Internet users ages 71 and older had shopped online for groceries in the past year than those ages 53 to 71 (22% vs. 18%).”

Older Grocery Shoppers Matter Too

Posted in Online Retailing, Part 3: Targeting Customers and Gathering Information, Part 5: Managing a Retail Business | Tagged , , , , | Leave a comment

Commemorating 9-11-2018

It is hard to believe that 17 years have passed since the awful events of 9-11-2001. As we said last year: 9-11-01 remains “one of the worst days in American history — a tragedy that many of us will remember forever. On this anniversary, it is a good time to reflect.” Today, we need to spend some time commemorating 9-11-2018.


Commemorating 9-11-2018

Tribute in Light is a commemorative public art installation first presented six months after 9-11 and then every year thereafter. It’s open from dusk to dawn, at night on September 11. It has become an iconic symbol that both honors those killed and celebrates the unbreakable spirit of New York. On the anniversary of 9-11, the Memorial Plaza is open to the public from 3 P.M. to midnight for the viewing of Tribute in Light. And it can also be viewed from a 60-mile radius around lower Manhattan.”

Explore the 9-11 Memorial Museum through this interactive video experience, selecting different paths through the Museum’s vast spaces and exhibitions.”

CLICK THE IMAGE to see the interactive video.

Commemorating 9-11-2018

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Resistance to Scanning and Bagging?

Today’s in-store technology often seeks to enhance the customer experience. Sometimes this works. And sometimes it doesn’t. Let’s see how.

According to Krista Garcia, writing for eMarketer:

“Retailers often bank on new in-store features being transformative, only to be met with consumer resistance. So, what makes a shopper receptive to a retail innovation?” 

“A new study from GPShopper found differing attitudes among U.S. Internet users when it asked about two forms of emerging retail technology: facial recognition and ‘scan-and-go’  initiatives. Regarding facial recognition technology, 45% of respondents had privacy concerns. But more importantly, 49% simply don’t believe the technology will improve their shopping experience.”

“In contrast, 48% of respondents said scan-and-go technology, which allows shoppers to use a retailer-provided device or mobile app to scan items and pay by smartphone, would make shopping easier. And 43% would rather try this method than wait in a checkout line. Consumers showed the most interest for using this tech at grocery stores (50%), followed by retailers specializing in home goods (30%), apparel (27%), and beauty (25%).”

Click the image to read more.

Resistance to Scanning and Bagging?

Posted in Part 1: Overview/Planning, Part 5: Managing a Retail Business, Part 6: Merchandise Management and Pricing, Technology in Retailing | Tagged , , , | Leave a comment

Resume Templates from Novo Resume

As we show below, many posts deal with building better resumes. Now, let us highlight resume templates from Novo Resume. It is one of many firms that specialize in resume templates.

Build a better resume. Three posts:


Resume Templates from Novo Resume

As Novo Resume notes:

Why Should I Use a Resume Template? By using the following resume templates, your chances of getting called for a job interview will be increased since they have been approved by recruiters and employers.”

To provide good service, Novo Resume divides its templates into two categories. For those with 0 to 5 years of work experience. And for those with more than 5 years of work experience.

In order to give applicants more choices, Novo Resume offers several types of templates:

Functional To focus on the work experience and skills you developed in the last 10 years.”

Modern — “To focus on your achievements during your work at previous firm and your impact on its overall performance.”

Simple “To cater to those with extensive experience in conservative industries such as banking or law.”

Creative — “For people applying for jobs in young companies or startups that highly value creative and innovation skills.”

Basic — “For use in both classic and creative industries. Easily personalized for whichever industry you apply for.”

Professional — “To increase chances of getting your dream job with templates devised in collaboration with multiple recruiters.”

College — “For students applying for internships or jobs looking to more than 1-page resumes.

Executive — “When applying for positions that require more than five years of relevant work experience.”

Resume Templates from Novo Resume
Novo Resume offers basic and premium plans, as shown here.

Resume Templates from Novo Resume

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Creating A Business Plan

In creating a business plan, care must be taken. A sloppy, incomplete, and/or unrealistic plan may lead to a quick failure. Or cause a company to not reach its goals. Thus, a simple planning process may be helpful. And that is especially true for new or small firms.

See these posts on planning:


Creating a Business Plan

In this section, we present planning tips from Stacey McIntosh of Sage Advice:

As we know, “the phrase ‘proper planning prevents poor performance’ applies to businesses of all sizes. Whether an entrepreneur starting a new business from scratch or a blue chip multinational corporation. It’s critical to design and use a well-documented plan in place. And it should outline strategies, tactics, and resulting actions to enable you to hit a set of defined goals.”

“Thus, a business plan lays the foundations for success. And that helps secure funding. In addition, it should be a living document that evolves with the business and environmental factors. However, one of the most prevalent reasons for firms to not devise a fully documented business plan is the time involved. As well as the volume of information required. As a result, the Business Model Canvas benefit your firm.”

“Put simply, the Business Model Canvas is a one-page business plan. Initially developed by Swiss business theorist, author and consultant Alexander Osterwalder, many firms across the globe use this tool for strategic planning. Essentially, it uses a template to help your business simplify its planning in a highly visual way. This business plan builds from your value proposition. Outlines the activities needed to align to achieve your objectives. And illustrates potential trade-offs to meet goals.”

Creating a Business Plan

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