People are now too lazy to buy products in stores like bricks and mortar. This triggers and motivates online shopping sites to prosper. eBay as one of the examples showing how these types of online stores sell their products to make profits. Moreover, accessories, clothing, pop cultural products are the main objects that have been “sell” and “resale”; however, sneakers which are actually the most money-making merchandise for online companies. Josh Luber, a sneakerhead, that provided a data on TED talk, which showed in the past twelve months, nine million reselling shoes had made the value of 1.2 billion dollars. These 1.2 billion dollars are specifically in the United States, imagine ten to fifteen countries in total the money will be more than just 1.2 billion dollars. This so-called subcultural products are now one of the mainstream market objects to make large profits in a short amount of time. The issue here is people are ignoring this industry because it takes risk and time to build up trusts and connections between factories and companies.
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For instance, error pricing on products which leads to the problem mentioned previously about how can a pair of Jordans can have a price drop from 4050 to 599 dollars. Additionally, financial drawbacks cause online retail stores from not making profits, planning on guessing the tastes and preferences that current customers are seeking, and online theft who embezzle the data of the company these are the basic obstacles that a new entrepreneur will face. After overcoming these basic issues, Steve c, a husband with two kids, who runs an online company with his wife demonstrates how to make “100K” in a year with this small online platform. Lastly, how in the future can these internet companies make even more profits and avoid customers from purchasing wrong products? The answer is virtual realities and augmented
For instance, error pricing on products which leads to the problem mentioned previously about how can a pair of Jordans can have a price drop from 4050 to 599 dollars. Additionally, financial drawbacks cause online retail stores from not making profits, planning on guessing the tastes and preferences that current customers are seeking, and online theft who embezzle the data of the company these are the basic obstacles that a new entrepreneur will face. After overcoming these basic issues, Steve c, a husband with two kids, who runs an online company with his wife demonstrates how to make “100K” in a year with this small online platform. Lastly, how in the future can these internet companies make even more profits and avoid customers from purchasing wrong products? The answer is virtual realities and augmented