Pratik Parekh’s Post

Hiring a DFY ecommerce service Should they charge you annual fees? It's usually just a money grab. A reputable company should rely solely on profit splits not on these annual fees. It should be a sign to be cautious when doing your due diligence.

Thanks Dana Therrien for this post. I keep hearing words like 'autonomy', 'coaching' (& not bashing) from inspiring leaders like you, Martin Mackay, Mickey Singh. As a behavioral scientist, I can resonate with the fundamentals of driving actions. There is no perfect sales rep, sales leader or even a sales call. Putting down others based on 'numbers' is unproductive. High time we marry AI with behavioral science like appreciative inquiry, autonomy, just-in-time, etc.

Would you like detailed reporting and insights on your B&Q/Mirakl activity? I just spent a few hours at the fantastic B&Q marketplace conference (I'm a merchant on the platform) and there seemed to be a real appetite for more information and reporting for sellers (the platform is excellent is is generating super-sales for merchants right now) People didn't seem to be aware of Pricesynergy. Pricesynergy have a reporting product that will do the trick, with insights to power your own business and to be aware of category and competitor opportunities and threats. If anyone is interested, message or comment here and I can give you more info - I'm working with them on their eBay reporting sise so can do an intro.

HOW TO PREVENT PRODUCT AUTHENTICITY REPORTS? Ask yourself: Is my product fully compliant with Amazon’s policies? Is my brand legally protected? Have I considered registering with Brand Registry for additional protection? By taking these steps, you create a solid legal foundation that helps prevent unwarranted reports from competitors and protects your business. #MESSIRCOMMERCE #amazonexpert #amazontips #amazonguide #amazongrowth #amazonbrand #amazonppc #product #sales #ranking #hiring #virtualassistant

Ecommerce Voice Commerce Security: Ensuring Safe Transactions Through Voice In the dynamic landscape of ecommerce, voice commerce has emerged as a convenient and efficient way for consumers to make purchases. However, along with the convenience comes the imperative need for robust security measures to safeguard transactions conducted through voice commands. Voice commerce operates on voice recognition technology, allowing users to make purchases by simply speaking commands to their devices. While this offers unparalleled convenience, it also introduces unique security challenges. One of the primary concerns is ensuring the authentication of users to prevent unauthorized transactions. Advanced biometric authentication methods such as voiceprint recognition and multifactor authentication play a crucial role in verifying the identity of users and mitigating the risk of fraud. Additionally, encryption techniques are vital for securing voice data transmitted during transactions. End-to-end encryption ensures that sensitive information such as payment details remains protected from interception by malicious parties. Furthermore, continuous monitoring for suspicious activities and anomalies in voice transactions is essential for detecting and preventing fraudulent behavior in real-time. Collaboration between ecommerce platforms, voice technology providers, and cybersecurity experts is imperative to establish comprehensive security protocols for voice commerce. Regular security audits and updates are essential to stay ahead of evolving threats and ensure that consumers can trust voice commerce as a secure means of conducting transactions. In conclusion, while voice commerce offers unprecedented convenience, ensuring the security of transactions is paramount. By implementing robust authentication, encryption, and monitoring mechanisms, ecommerce platforms can instill confidence in consumers and foster the continued growth of voice commerce in the digital marketplace. https://lnkd.in/eh92HvDn

I met a fascinating group of direct-to-consumer (D2C) founders at an E-Commerce Mixer and attempted to assess the primary platform responsible for generating the majority of their revenues. What came out as a pleasant surprise is that brands in the Consumer Packaged Goods (CPG) space that have been on quick-commerce for about a year are seeing almost 30-40% of their sales coming via Q-Comm, with D2C driving about 40-45% of sales. The growth on Q-comm is increasing by double digits every quarter which is a telling stat of where the consumer's purchasing behavior is moving towards. The numbers might seem to be a bit generalized but it's a leading indicator of where D2C brands must focus their attention on. Hiring a Q-comm manager in your team is a no-brainer as that will enable: 👉 Optimized product listings 👉 More control over margins 👉 Better inventory management  👉 Unlocking promos and discounts 👉 Enabling performance tracking  👉 Access to features in the Beta phase Any D2C founders here seeing a similar trend? Would love to chat! #QuickCommerce #D2C

It's so fascinating to see how we came from adoption of E-commerce to Q-commerce

🌟 Unlocking Opportunities: Experienced Merchant Acquiring Professional Ready for a New Venture 🌟   On the lookout for a new horizon in the vibrant world of Merchant Acquiring, I bring with me a rich tapestry of over two decades of experience and an unyielding passion for driving growth and innovation. With a trailblazing spirit and a wealth of expertise spanning two decades in the  landscape of Merchant Acquiring.   Throughout my career, I've honed my skills in POS/Payment Gateway processes, transaction routing, and Payment Ecosystem management, ensuring end-to-end solutions for clients. My strategic mindset has led me to develop comprehensive strategies for product development, profitability analysis, and sales initiatives, consistently driving growth and profitability.   Key Highlights: ✅ Vast experience in Merchant Acquiring Business ✅ Proficient in POS/Payment Gateway processes ✅ Strong understanding of Risk & Fraud Management ✅ Expertise in defining end-to-end business strategies ✅ Proven track record of driving IPG sales and managing vendor relations ✅ Extensive knowledge of industry associations like NPCI, VISA, and MasterCard   As a seasoned professional, I bring a collaborative leadership style, a passion for innovation, and a relentless pursuit of excellence. My adaptability to new technologies and commitment to delivering exceptional results make me an asset to any organization.   If you're seeking a dynamic leader who can drive growth and innovation in the Merchant Acquiring space, let's connect and explore how we can create synergies together.   #MerchantAcquiring #BusinessGrowth #Innovation #Leadership #PaymentSolutions #Opportunity #Expertise #JobSeeker

What's your revenue attach rate? If you make money from customers paying you, or paying with a card you give them, how much of that disappears later as hidden cost? Companies have become great at figuring out their onboarding funnel and customer or product attach rate, but revenue is seen purely as a unit economics equation. Fraud is a key hidden cost that is often not measured. They'll measure conversion at checkout and possibly a "fraud level" or "chargebacks." But fraud has an annoying habit of showing up as other weird KPIs. 👉 Merchants see a massive spike in goods returned 👉 Card issuers see a sudden spike in consumers reporting scams 👉 Marketplaces see the amounts advanced to new sellers spike, without a corresponding level of sales (promo abuse) Any incentive or part of a platform can be gamed. The fraud iceberg is the hidden costs you're not measuring. Focussing on revenue attach rate creates a north star to fix this.