Entrupy’s Post

You’re keeping an eye on your profits, but are you losing your trust capital? 📉 52% of American consumers have said they lost trust in a company or brand after buying a counterfeit item. Resale adds a measure of distance between the legal market and the consumer, providing just enough space for counterfeit suppliers to slip in. In counterfeit production, there are no safety checks, no environmental protections, and no quality assurance beyond being a passable fake—and even that is done to varying levels of success. The risk of fraud or counterfeit products is even worse when shopping resale online. In 2020 alone, complaints of cybercrimes jumped by 69%, according to the Federal Bureau of Investigation (FBI)'s Internet Crime Report. In a sea of fakes, how can an online shopper know they will receive anything for their money—let alone the authentic product they intend to buy? Consumers want to feel confident in their purchases; they want some reassurance that they aren’t on their own in their decisions and the repercussions of those decisions. It’s a very human need that we can meet through the superhuman abilities of AI. The customers that feel they can trust the resellers they shop from are going to continue buying from them and pass the word on to other potential customers. By investing in AI-based authentication, resellers not only protect their financial investments but also choose to actively build trust with their consumers—the pay off is undeniable. 📍Entrupy CEO, Vidyuth Srinivasan, on the Starting Small Media podcast w/ Cameron Nagle ________ If you’re new here, hi 👋! We build scalable AI-powered solutions for brands, manufacturers + resellers. Follow Entrupy for the latest trends in luxury and sneaker resale. #AI #pawnshops #luxuryresale

The success of your business is *at least* 50% dependent on events you can’t predict in advance. And yet, brands are still too slow to react and are missing out on golden opportunities to SELL. Imagine knowing you’re losing money and doing nothing about it ... But this is where Amplience comes in. We empower marketers and merchants with the tools and technology to react quickly and capitalize on those dynamic opportunities. So, are you ready to sell sh*t? Read more: https://hubs.la/Q02pw0Cy0 #AI #GenAI #Retail #Ecommerce #Marketer #Merchant

Only one thing beats a 4.8x conversion increase for our client: And it's hearing them TELL us how we got them a 4.8x conversion increase. This is unseen. To get a retailer's website to go from <3% conversion rate to almost 15% - it's mind-boggling. To be honest, as much as I love Miros I couldn't believe it myself at first. We ran the numbers a few more times. Couldn't be more clear: Miros gives retailers an unfair advantage. This brings me almost to tears for 2 reasons: 1. We're making a significant difference for our clients 2. Wordless search technology is undeniably a gamechanger Moments like these remind us why we do what we do and why we pour our hearts and souls into building something extraordinary. Let me know if I can walk you through the details of this case study. #ai #fashion #ecommerce #retail #onlineshopping

I lost a well-set business a decade ago and collected debt. Here's what I learned from it and you will too. Always keep up with the industry changes. Our brand name designer perfume business was greatly hit by the rise of Internet. After the e-commerce revolution, people could order perfumes at lower prices with free shipping from the comfort of their homes. We couldn't keep up with the competition even though we fought hard. That's when I learned- If you want to stay in the business for a long time, you must keep up with the changes and continuously develop new ideas. That's what I am doing NOW. Keeping up with AI and leveraging it in my business. 2024 is going to be amazing, stay tuned. A lot of business wisdom is coming your way. #businessmindset #restorationmarketing #agencylife #sonnysays

On one hand, merchants are desperate to move their stuff. On the other, they've figured out that they have to move it profitably... #returns #retailing #ecommerce #profitleverage #costofreturns #reverselogistics

Do you offer clearance and sales discounts but no one uses them? You may be offering the wrong discounts. Everyone loves a good discount but if the discount is on something you are not interested in, then you do not need it. Sounds simple, right? To increase the odds of people using your discounts, you need to show them what they need. That is what our AI algorithms will help you with: ✅ Show PERSONALIZED discounts that will catch shoppers' attention ✅ Provide discounts that make sense at different times of the year. ✅ Make shoppers never want to go elsewhere else they miss out on their beloved discounts. Ready to change your discounting game? Let's talk TODAY at v5vision.com #sales #sale #clearance #discount #fashion #ecommerce #ai #b2b #startup #retail #boutique #saas

Discover how one eCommerce entrepreneur revolutionized their pricing strategy and soared to new heights of profitability with data-driven decision-making. Disparate systems and manual processes led to uncertainty in pricing decisions. But with Hypersonix ProfitGPT, they harnessed the power of AI to analyze millions of data points effortlessly. The result? A confident new pricing strategy, backed by data, yielding higher margins and a significant positive impact on profit. Ready to uncover the secrets behind their success? Dive deeper into their journey below. #DataDrivenDecisions #ProfitOptimization #AIAnalytics #eCommerceSuccess

Have you come across an AI that can get you the best products to dropship #dropshipping #dropshipwanted #dropship #dropshipneeded #dropshippers #dropshippingbusiness #productreview #supplier #productresearch #productresearchtool #productreseller #productreselling #productresellerlaunching #ecommerce #ecommercebusiness #ecomprogenius

54% of retail marketers harness AI-driven #personalization to boost business growth. Take SEPHORA's case: they employ AI-powered virtual try-on tech, allowing customers to test makeup virtually before buying. This personalized experience minimizes dissatisfaction risk and increases customer confidence. That is what #JEVERA team thinks about the power of  #AI personalized recommendations to boost the customers’ shopping experience and increase CLV.

Counterfeit culture is rampant in the e-commerce world, as any entrepreneur knows. But malicious actors are now using AI manipulated images to rip off original content in the hopes getting through marketplaces undetected. Many thanks to the inimitable Cassey Ho of Blogilates and POPFLEX Active for speaking with Modern Retail on this important topic. (Also, pretty on brand for me to write a story involving online shopping, intellectual property and Taylor Swift. That's like an M. Daniels hat trick.) https://lnkd.in/gMzHe-bJ