DurwinSomeone crashed the entire Onion market in America, made millions, walked away scott-free and starte…
We learnt that perfect monopoly can cause catastrophic damage to any economy, even the onion market.A tiny man who rocked America with Onions History doesn’t repeat, but it rhymes. You want to learn something, anything? Look back in history and it will surprise you just how eerily relevant it can be even in modern times. With the advent of Bitcoin, Cryptocurrencies, Tech titans and startups, you get all sorts of happenings like Tulip Mania, recessions, Feds stepping in, market manipulations a...
DurwinBurger King gave candy to a worker has worked for more than 20 years.
The Whopper, which was first introduced in 1957, was a quarter-pound, oversized burger on a vast five-inch bun that cost a reasonable 29 cents.Large corporations can be cruel and uncaring. They often claim to care about their employees, but sometimes the reality can be quite different. This is the story of Kevin Ford, a cook and cashier at Burger King who had worked tirelessly for over two decades. To celebrate his remarkable feat of never taking a sick day, Burger King decided to shower him ...
DurwinThe youngest self-made billionaire just bought Forbes.
Austin Russell is an American entrepreneur, founder and CEO of Luminar Technologies. Luminar specializes in lidar and machine perception technologies, mainly used in autonomous cars. Luminar went public in December 2020, making him the world’s youngest self-made billionaire at the age of 25.Wha’s up with billionaires and news media? In a stunning turn of events, Austin Russell, the youngest self-made billionaire of 2021, has made headlines once again by acquiring a majority stake in Forbes ma...
CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
DurwinSomeone crashed the entire Onion market in America, made millions, walked away scott-free and starte…
We learnt that perfect monopoly can cause catastrophic damage to any economy, even the onion market.A tiny man who rocked America with Onions History doesn’t repeat, but it rhymes. You want to learn something, anything? Look back in history and it will surprise you just how eerily relevant it can be even in modern times. With the advent of Bitcoin, Cryptocurrencies, Tech titans and startups, you get all sorts of happenings like Tulip Mania, recessions, Feds stepping in, market manipulations a...
DurwinBurger King gave candy to a worker has worked for more than 20 years.
The Whopper, which was first introduced in 1957, was a quarter-pound, oversized burger on a vast five-inch bun that cost a reasonable 29 cents.Large corporations can be cruel and uncaring. They often claim to care about their employees, but sometimes the reality can be quite different. This is the story of Kevin Ford, a cook and cashier at Burger King who had worked tirelessly for over two decades. To celebrate his remarkable feat of never taking a sick day, Burger King decided to shower him ...
DurwinThe youngest self-made billionaire just bought Forbes.
Austin Russell is an American entrepreneur, founder and CEO of Luminar Technologies. Luminar specializes in lidar and machine perception technologies, mainly used in autonomous cars. Luminar went public in December 2020, making him the world’s youngest self-made billionaire at the age of 25.Wha’s up with billionaires and news media? In a stunning turn of events, Austin Russell, the youngest self-made billionaire of 2021, has made headlines once again by acquiring a majority stake in Forbes ma...
CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
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TikTok has a shop now.
And it might just blow up in 2023 (in a good way).
It is a bold move into the e-commerce space.
But for the social media behemoth, it is a very strategic and brilliant move.
Why?
Gen Z users are using TikTok as their default go-to search engine instead of Google.
That also means more and more people are using TikTok for search and discovery.
So after being entertained by a dancer moving to the latest Korean hit music, you can search for the dress she is wearing.
Imagine watching a viral TikTok on tidying up your kitchen.
Then being able to directly purchase those containers and cute glass jars right on TikTok Shop.
Isn’t that amazing?
It just makes sense.
More and more people in our generation are growing up accustomed to fast-culture.
Everything is fast and convenience is a priority.
Sorry if your website takes a second longer to load.
We aren’t waiting.
Sorry if you can’t ship it to me in 2 hours.
TikTok has a shop now.
And it might just blow up in 2023 (in a good way).
It is a bold move into the e-commerce space.
But for the social media behemoth, it is a very strategic and brilliant move.
Why?
Gen Z users are using TikTok as their default go-to search engine instead of Google.
That also means more and more people are using TikTok for search and discovery.
So after being entertained by a dancer moving to the latest Korean hit music, you can search for the dress she is wearing.
Imagine watching a viral TikTok on tidying up your kitchen.
Then being able to directly purchase those containers and cute glass jars right on TikTok Shop.
Isn’t that amazing?
It just makes sense.
More and more people in our generation are growing up accustomed to fast-culture.
Everything is fast and convenience is a priority.
Sorry if your website takes a second longer to load.
We aren’t waiting.
Sorry if you can’t ship it to me in 2 hours.
We aren’t waiting.
Sorry if your videos are a second too long.
We aren’t waiting.
TikTok is killing it because it understands what the younger generation wants and it goes bananas on it.
Short, sharp, sweet and to the point.
That’s the modus operandi of one of the fastest growing social media platforms in the world.
The videos are super interesting, straight to the crux of what matters, the musical beats that tunes in are so catchy and the ease of discovery is baked into how effortless the scrolling is.
The result?
You get stuck scrolling TikTok on your phone for hours.
Joyscrolling — the act of scrolling social media endlessly, addicted to seeing things that make you chuckle and happy.
TikTok is smart.
They are trying to ride the burgeoning wave of online shopping and content creation.
They grew exponentially over the last few years and dominated our attention.
Now, with that attention, they are leveraging on e-commerce to extract more value from their existing customer base.
If they can sort out the logistics and provide adequate support for the local sellers to grow on their platform, they will succeed quite well.
After all, ask any e-commerce seller and they will tell you it is the attention and eyeballs that matter most.
TikTok is an attention magnet that sucks up all the free time our generation has to offer.
Between the insatiable thirst that our generation has for content and the powerful capability of TikTok’s algorithms, I think TikTok Shop will do very well in the short-run.
-
Will TikTok Shop be successful?
-
#startups #business #startupx #growth #success #socialmedia #culture #entrepreneurship #strategy #eth #btc #tiktok #tiktokshop #logistics #eccommerce #viral #content #onlineshopping
We aren’t waiting.
Sorry if your videos are a second too long.
We aren’t waiting.
TikTok is killing it because it understands what the younger generation wants and it goes bananas on it.
Short, sharp, sweet and to the point.
That’s the modus operandi of one of the fastest growing social media platforms in the world.
The videos are super interesting, straight to the crux of what matters, the musical beats that tunes in are so catchy and the ease of discovery is baked into how effortless the scrolling is.
The result?
You get stuck scrolling TikTok on your phone for hours.
Joyscrolling — the act of scrolling social media endlessly, addicted to seeing things that make you chuckle and happy.
TikTok is smart.
They are trying to ride the burgeoning wave of online shopping and content creation.
They grew exponentially over the last few years and dominated our attention.
Now, with that attention, they are leveraging on e-commerce to extract more value from their existing customer base.
If they can sort out the logistics and provide adequate support for the local sellers to grow on their platform, they will succeed quite well.
After all, ask any e-commerce seller and they will tell you it is the attention and eyeballs that matter most.
TikTok is an attention magnet that sucks up all the free time our generation has to offer.
Between the insatiable thirst that our generation has for content and the powerful capability of TikTok’s algorithms, I think TikTok Shop will do very well in the short-run.
-
Will TikTok Shop be successful?
-
#startups #business #startupx #growth #success #socialmedia #culture #entrepreneurship #strategy #eth #btc #tiktok #tiktokshop #logistics #eccommerce #viral #content #onlineshopping
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