Bold eCommerce Predictions

Drew Sanocki, a 3-time show regular, is back  to have an open discussion about where we believe the world of eCommerce is headed. Drew has been involved in eCommerce since 2003 when he created his company, DesignPublic.com. Since then, he has created and ran several companies including Mineral.io and Empire Growth Group.

This week, based on our prior experience, Drew and I will make educated predictions about the future of eCommerce. We will cover topics ranging from taxes and drop shipping to the fate of suburban malls. If you own an eCommerce business or plan to create one,  you do not want to miss this show!

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Here’s What You’ll Learn

  • 7 bold predictions about the future of eCommerce.
  • Why if an online sales tax law is passed, a federalized sales tax would be better than a state.
  • How the hollowing out of eCommerce could affect your business.
  • Rakuten vs Amazon, who is the better online marketplace?
  • How you can prepare and profit from the future implosion of the suburban mall.
  • The exciting future of personalized home and product pages.

What Was Mentioned

This Week’s Winner

Congratulations to Jemima Jacques of VanityMirror.co for winning this week’s eCommerceFuel shout out!

Want to Be Featured on the Show?

Reach out to us with your questions or feedback for the show, and submit any first sale announcements or other progress achievements!

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4 Comments

  1. Good podcast, lots of stuff I’ve always wondered about.

    Regarding the malls closing, I think it will be really interesting to see how they reuse the space. They may not close, but turn into bigger and better places.

    The best example I’ve ever seen is in Syracuse, New York. They have/had one huge underused part of the mall. The result, REALLY cool outdoors stores took over.

    One wing has ONLY marital arts schools. Another wing has a huge skateboard area with ramps and what not. Another has a huge gymnastics area. Its the coolest mail I’ve ever been too. I personally believe kids will return to the mail, but they will return for organized activities.

    Good pod bra!

    1. Thanks, Scott! It WILL be really interesting to see if/how they’ll end up using all that space. Lots of fun, creative things you could do with it – hopefully it won’t just sit vacant.

  2. Hello and thanks for the mention.
    Just so there’s no confusion, my name is Joseph Carrabis. You can get most of the scoop on me on LinkedIn (https://www.linkedin.com/profile/view?id=112718). The book is Reading Virtual Minds V1: Science and History (http://tinyurl.com/amazonrvmv1). Interested listeners/readers can pre-order V2: Experience and Expectation in NextStage’s KnowledgeShop (http://knowledgeshop.nextstagevolution.com/rvmv2taa.cfm).

    I’d consider myself a researcher rather than sociologist.

    The tool you’re mentioning is our Evolution Technology (ET). We currently have four patents on ET and there are more in the queue. ET is considered both base and disruptive. One use is monitoring online behaviors and in doing so, ET does use transient cookies to store things like pagename, sitename and so on.

    However, ET neither uses permanent cookies nor gathers any personal identifying information whatsoever.

    ET has been independently validated to 98% accuracy determining visitor age and gender while they’re navigating a site. Its ability to identify individuals across websites is due to its ability to recognize an individual’s thought patterns — what we call neuroprints, like fingerprints of the mind — when an individual is on different properties. This ability comes from most people being able to fake just about anything except how they think. How an individual makes decisions, shows interest, demonstrates attention, etc., is the same (at a neural level) regardless of what site they’re navigating or what device they’re using. Again, this is covered in V1: Science and History.

    The “job” example you mention is also covered in V1: Science and History. It took about 30 seconds to determine that visitor’s job based only on how they interacted with our site. We don’t have a “jobs” page per se. ET pops up a request that you contact us if it determines you’d get along well here and we have an opening that matches your abilities. It asks no questions, there are no forms to fill out.

    Mouse movements comprise about 10-15% of how ET makes its determinations. Its accuracy drops to 83% if the visitor bounces and it works on most commonly used digital platforms (desktops to mobiles, etc).

    Our company is NextStage Evolution (http://www.nextstagevolution.com). We’ve been in business since 2001. ET currently gathers and tracks online behavior in over 100 countries. Companies often come to us to 1) create custom tools for their use based on ET, 2) to advise them on entering new markets or cultural marketing based on our extensive cultural behavioral database, 3) because we’re lots of fun to work with, …

    Hope that helps and again, thanks for mentioning us.

    Joseph