Wednesday, July 23, 2014
It used to be that finding a channel to sell products was one of the biggest challenges entrepreneurs and small businesses had to overcome. With the proliferation of online retail sites such as eBay, Etsy, and Amazon, finding sales platforms is much easier. The challenge has shifted instead to how an entrepreneur or small-business owner can fulfill orders from multiple online selling sites and still find time to grow the business.
I recently spoke on a panel about how the internet and e-commerce are transforming global business. My message was that you could make the argument that e-commerce could be considered the 3rd major evolution in the global economy since the industrial revolution. The first was the dramatic improvements in telecoms and transportation, which virtually eliminated time and distance as trade barriers.