Category Archives: E-Commerce

Blockchain Technology, Business Leader, E-Commerce

Richard Liu Early Life Full of Resilience

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Richard Liu or Liu Qiangdong is popularly known as an excellent entrepreneur based in China. He has been the CEO of JD.com since it was established in 2004. Liu was brought up in Chang’an, which was a local village in Jiangsu Chinas province. He was raised in a community that lacked some of the necessities, such as running water and electricity.

Although he spent his background in such a village, his parentss came from rich Chinese merchants who transported goods in the 1900s along the Yangtze River. Unfortunately, when Richard Liu was born, his family had lost everything they had worked for, and now they are working as rice farmers.

Early River

Most of the time, at a young age, when his parents left home for work, the JD.com CEO was left under the care of his maternal grandmother. His grandmother taught him the basic house chores and how to make the best of whatever was presented to him. Most of the time, he would accompany the grandmother to a farmer’s co-op, where she would bribe the meat vendors to buy the fattiest pork in exchange for some peanuts. She was after the fattiest pork because she could use the residual fat after it’s cooked to cook other meals all year through.

Education

Despite Liu coming from a poor background, Richard was determined to see his dream come true. He was self-drive, and most of the time, Liu spent it gaining new knowledge to sweep away his curiosity.IT was always Richard Liu’s dream to attend a university in the city.

His academic excellence made him win a spot to join Renmin University, where he pursued dree specializing in sociology. He also took a self-taught class on computer programing and took a local job at a small business where he would handwrite letters and documents. Refer to this page to learn more.

Liu was featured as an Honoree in Variety 500 entitled, “JD.com Richard Liu; Founder / Chairman / CEO”, as a result of his persistence, innovation, and hard work. During his free time, the billionaire loves to either spend time with his family or volunteering at Red Cross.

 

Reference: https://jdcorporateblog.com/about-liu-qiangdong/

Direct Selling, E-Commerce

QNET: How Direct Selling Impacts The Economy

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What is direct selling?

Direct selling is not a new concept. It is an idea that has existed for centuries and its main objective is to get rid of middlemen in the supply chain. In most cases, product manufacturers pass their goods to distributors who in turn send them to wholesalers who then sell to retailers before finally reaching the final consumer.

This means that by the time the product gets to the consumer, it is highly-priced. This is because the retailer uses what’s popularly known as the Maximum Retail Price (MPR). But with direct selling, there are no intermediaries involved. The manufacturer deals directly with the consumers via sales agents. This is where QNET comes in.

QNET is a direct-selling company with branches spread throughout the world. The company uses sales agents to supply quality goods and services to consumers in different parts of the world. Although the company has its roots in Asia, its services are found in almost every continent in the world.

There are three ways through which direct selling happens. This includes the following:

  1. Single-Level Marketing

This is a form of direct selling where the direct selling company focuses more on developing a customer base rather than a sales team. The objective here is to identify one city or town and promote goods and services in that particular area.

  1. Party Plan Marketing

This concept is ideal for individuals or companies who want to promote a particular product much faster. This involves bringing together a team of like-minded people and working together to grow sales.

  1. Multi-Level Marketing

Also known as MLM, multi-level marketing is a popular trend in the direct selling business. It is an arrangement where direct sellers hire individuals to market and sell their products rather than employing staff.

In general, QNET is one of the pioneer direct selling companies in the world. The company has impacted the economies of different companies in the world through its direct selling model. Read this article for related information.

 

Follow their Instagram page on https://www.instagram.com/qnetofficial/?hl=en

Direct Selling, E-Commerce

QNet: How Direct Selling Positively Impacts The Economy

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There are millions of people who are involved in the direct selling sector. A considerable number of these people is made up of women.

Direct selling is one of the traditional forms of selling that has been around for many years. Currently, the direct selling sector is worth billions of dollars. A considerable percentage of nations around the globe have also gained from direct selling.

We’ll focus on QNet in this context. QNet has established its presence in different nations, including India. Millions of people in India are engaging in direct selling, and most of them are women. The number of direct sellers is set to increase with time, considering the industry is lucrative, and it also offers employment opportunities to numerous individuals.

QNet business is divided into six business divisions – Crystal Market, Business to Business (B2B), Business to Consumer (B2C), Crystal Global Ventures, QBox, and Asia Direct Selling Network. Each division is customized for a specific target market, ranging from fitness to beauty, finance to insurance, and cosmetics to IT.

Through direct selling, the local economy also gains in the process because of the business model being used in the industry. With direct selling, your investment is low, and you’ll get high returns in the process.

Why is Direct Selling Popular?

Direct selling has become popular because of the following reasons:

  • You get to own your business: If you aspire to own your business, you can attain your goal through direct selling. The investment requires little income. The risks are also low, and the returns are high. You can now see why direct selling has become popular. QNet also offers guidance to people interested in direct selling.
  • An increase in income levels- both non-employed and employed people usually engage in direct selling since it helps you earn a decent income.
  • Connect socially- through direct selling, your connection with society will improve since the main focus is on networking if you want your business to grow further.

We have only listed a few benefits that arise from direct selling. If you’re interested in venturing into the sector, the QNet team is ready to guide you through the basics, and you’ll be ready to get started. Watch this video on YouTube, for related information.

 

Find more information about QNET on https://www.directsellingnews.com/qnet-partners-with-suppliers-for-ethically-sourced-and-sustainable-products/

 

E-Commerce, Technology

Integrating Ombori to Reduce Queue Line in Retail

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A queue line refers to people standing in line in a retail shop or restaurant waiting to be served. The COVID-19 pandemic has brought about several changes in the retail industry. Due to the set health and safety protocols, retailers needed to shift their operations to address the safety concerns for their customers. Today, technology has had a considerable impact on the structure of the retail sector, and the term queue has transitioned dramatically.

Long wait times often deter a customer from purchasing in retail stores. To deal with retails started using queue management systems such as those offered via Ombori as they strive to reduce the time customers spend on queues. Checkouts and queuing systems are some of the most commonly used tools used in retail stores to help customers make virtual consultations and make simple appointments.

Since the COVID-19 pandemic, public safety concerns have led to new policies such as social distancing. Retailers had to adopt new solutions that relied heavily on innovative technology to help comply with the protocols while ensuring that their operations and cash flow remained positive. This included live camera feeds that allowed customers to view queue lines before visiting stores and allowing customers to schedule their visiting time.

Additionally, most stores implemented queue-management solutions that reduced face-to-face interactions with employees. Many retailers turned to the Ombori queue line management system, which gives customers pre-ordering options and checkout management. As the pandemic comes to an end, it’s evident that retailers will continue using these management systems to attract customers. Such systems that may remain pot-pandemic include:

  • Retails integrating e-commerce infrastructure that allows customers to purchase inventory using their mobile phones.
  • A drive-through pickup allows customers to pick up their items without getting out of their car.
  • As the general public becomes more educated on safety practices about the spread of germs and viruses, more customers will continue to use the Zero-touch system, and a touchless payment system will be the preferred norm.
  • Since customers have experienced the efficiency of shorter waiting times, retailers may have to continue allocating shopping time for a small number of customers at any one time.
Blockchain Technology, Business Leader, E-Commerce

Richard Liu Qiangdong

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The Story Behind Richard Liu Qiangdong and JD.com

In 2016, a mere 12 years after the company was launched, JD.com became the first Chinese company to be counted as part of the Fortune 500. This was just two years after the online retailing giant’s stock was initially listed on the NASDAQ.

The man behind JD.com’s success is Richard Liu Qiangdong, a soft-spoken billionaire who is passionate his value proposition and keeping his customers’ trust. Mr. Liu is reported to have a net worth of $11 billion while JD.com has an estimated capitalization of more than $57 billion. At a recent World Economic Forum in Davos-Klosters, Switzerland, Mr. Liu opened up about the origins of JD.com.

 

The Jingdong Years

As an undergraduate at Renmin University in Beijing in the early 1990s, Richard Liu Qiangdong studied sociology, but he was well aware that this major would not do much to advance his prospects in the business sector that he wished to become part of. He’d grown up in an entrepreneurial family, though: Many business skills were already hard-wired into him.

In 1998, Richard Liu Qiangdong felt confident enough to embark upon his first serious business venture. He opened a shop in Zhongguancun High-Tech Industrial Park, which he called “Jingdong.” The shop sold magneto-optical products and computer accessories.

From the very start, Mr. Richard Liu Qiangdong was determined only to sell authentic brand-name products in his store: He would not deal in counterfeit products. Jingdong did so well that by 2003, Mr. Liu had expanded into a dozen storefronts. See This Page for additional information.

 

The Birth of JD.com

Business opportunities often arise when you least expect them. In 2003, China was hit by a severe SARS epidemic. Seemingly overnight, Jingdong’s customer base vanished.

Mr. Liu sat down with his managers to brainstorm strategies. When one of his managers suggested that Mr. Liu take the business online, Mr. Liu listened. In 2004, he launched JD.com, and the rest is history.

 

More about him on https://jdcorporateblog.com/about-liu-qiangdong/

 

Blockchain Technology, Business Leader, E-Commerce

Richard Liu Speaks at Economic Forum

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Richard Liu Qiangdong is the founder and CEO of JD.com, which is estimated to have a market capitalization of $60 billion. While JD.com is one of the largest companies in China, Liu still believes that there is room for growth. Let’s take a closer look at Richard Liu’s life and why he thinks his company stands out from the rest.

Jingdong Takes Customer Service Seriously

If you are a customer in China, you can expect to get your order in about six hours. In fact, Liu says that those in major cities like Beijing can get their orders in about an hour. However, this depends on when the order is received by the site and where items are sourced from. While it may take longer for international customers to receive products, they can also order an item from JD.com and have it delivered to their home. Go To This Page for related information.

Wealth Is Something to Use for Good

Richard Liu Qiangdong believes that it isn’t a burden to be wealthy. Instead, it gives him an opportunity to do things for himself, his company and society as a whole. Liu thinks that it is possible to grow his business in a way that makes life better for his workers as well as for his customers. JD.com currently employs 160,000 people, and that number is growing rapidly each year.

Liu Has Always Considered Himself To Be a Hard Worker

Richard Liu Qiangdong have always valued hard work and have had a strong drive to do better in life. For Liu, the fact that his family was poor was his motivation to make as much money as possible for himself.

About Richard Liu Qiangdong

Richard Liu has been recognized by Forbes China as one of the most recognizable leaders in the world. Furthermore, JD.com has been recognized on the Fortune 500 list on two separate occasions.

 

Follow him on https://twitter.com/liu_qiangdong?lang=en