Next up in ’10 Questions…’ we have the enigmatic Gherry Harahap – one of the very first hires to join the rapidly-growing team, who’s been with TradeGecko for over a year and a half now. Hailing from the Netherlands, like many others in the team here, Gherry is truly a citizen of the world, having spent significant time in Indonesia and Singapore to date. A philosophical deep thinker, with a multi-faceted personality, there’s much to him that lies beneath the surface, so here’s the story of Gherry Harahap, Software Engineer extraordinaire. So who’s Gherry, and how did you end up
The following is a guest post by Visa from ReferralCandy, which builds customizable customer referral programs for SMEs. Business consulting legend Peter Drucker famously said: “Because the purpose of business is to create a customer, the business enterprise has two–and only two–basic functions: marketing and innovation. Marketing and innovation produce results; all the rest are costs. Marketing is the distinguishing, unique function of the business.” So how do you do marketing? What do successful businesses know and do that others don’t? How do you create and acquire customers? Let’s go through the essentials. 1. Start with a ‘hero product’ that solves
Sourcing goods from Asia is the go to strategy for many retailers in the west. Despite the ubiquity of this practice, many SMEs still struggle to understand the options available to them. Where do you start? Who do you approach? We spoke to a sourcing agent to give you a better understanding of what happens on the ground for traders, buyers, and sourcing agents in Asia. Keshav Hingorani is the founder of Asia Sourcing Direct, a Guangzhou-based sourcing business that has operations in China, India, and Bangladesh. Walk me through a typical order Sure, it’s actually rather simple! So often times, retailers
If you want to increase your e-commerce or wholesale revenue, make sure you capitalize on website personalization. Give your buyers a much better online shopping experience and they’ll reward you. While Amazon is the veteran of ecommerce personalization, nowadays there is plethora of easy to use and affordable solutions that can enable you to provide unique experiences to your buyers based on their preferences, location and even weather. This can only make it easier for them to buy from you, and for you to up-sell and cross-sell – all leading to significant revenue increase for your brand or distribution company. In
Written by Adelina Peltea, VP of Marketing at TradeGecko, this post was first published on Small Business Informer in August 2014. This is a syndication of that original article with some tweaks. Enjoy. While retailers have come under the spotlight lately for their shift and mix between brick and mortar shops and e-commerce stores, wholesalers – their richer peers judging by the almost-double-revenue industry – have started experiencing a major under-the-radar transition as well. Meet the Wholesaler 2.0 They’re not just focused on negotiating with suppliers and manufacturers for better deals, but also very keen to offer a better purchasing experience
With Alibaba’s recent IPO, there’s been an uptick of interest in both the company and the current landscape of Chinese eCommerce. With the largest population in the world and a growing middle class, China is fast becoming the world’s most lucrative consumer market. Alibaba has become the poster boy for this incredible transition – and its success is generally presented as a byproduct of the Chinese market’s growth as opposed to one that it achieved through their own innovative methods. Nothing could be further from the truth. Macro conditions allowed Alibaba to enjoy astronomical growth, but it was the ultimately the company’s own processes that enabled
As the public becomes more concerned for the environment and issues like global warning, consumers will be asking more questions about the products they are purchasing. Businesses will need to answer these questions and manage expectations about how green their manufacturing processes and supply chain are. Welcome to the green supply chain Businesses worldwide are starting to implement environmentally friendly supply chain practices in a number of different ways. These can include a wide variety of activities and initiatives, including streamlining logistics to minimize emissions in transport, using packaging materials that are made of recycled or recyclable materials, auditing the utility
A wholesale business model is based on purchasing new products at a cheap price that people need, use, or want, and reselling these items for more than cost. Your profit is the difference between the price you paid and the price you sold for. The mantra is simple and dummy-proof – buy low, sell high. The purpose of sourcing is to find products at wholesale price that you can resell at retail price. Whether you have an eCommerce site or a physical retail business, you need a steady, reliable source of inventory. Otherwise, you’re going to end up disappointing your
Taking inventory is a reality of life for any business that handles stock. For the most part, modern businesses are moving towards a perpetual inventory system, where stock is tracked with technology and information is always available in real time. Even if you use the best technologies available to track and manage your inventory, it is sometimes still necessary to take physical counts to consolidate information and ensure that your numbers reflect reality. There’s no getting around it – taking inventory is a long, tedious, and unfortunately, necessary process. For many retail or wholesale businesses, inventory placement and the way that stock
  For the second edition of ‘10 11 Questions with…’ at TradeGecko, we have today the fabulous Suresh Kumar, our rock star Customer Support Manager who’s been with us for just over three months. Formerly in Hospitality, it’s been quite a switch of industries for him to say the least, but we’re glad to have him around (we think). He’s been a great addition to the team, but to say he’s been quite the character within the company would be a massive understatement. Here, we get an insight into the world of Suresh – and I apologize in advance for three