sales

Struggling electric car sales

Business Update with Mark Lacter

Across the country, the sale of electric cars is sluggish.

Susanne Whatley: But business analyst Mark Lacter, that's not quite the case in California...

Mark Lacter: Well, comparatively speaking, Susanne.  L.A. and San Francisco alone made up 35 percent of the electric cars sold in the entire U.S. during the first half of the year - 35 percent!  Keep in mind that statewide just 9,700 electric cars were sold in that six-month period, which translates to a little over 1 percent of all car sales in California.  So, they're not exactly lining up around the block, even in a region that's known for its early adopters.  Of course, electric cars were always going to be a tough sell -

Whatley: I've been driving one for about half a year now... and I absolutely love it.  But they ARE expensive, and I'm sure that's a factor.

Lacter: - and that's even after a federal tax credit, but they also require drivers to learn about recharging the battery - sometimes in not-very-convenient places - and, from a design standpoint, most of them don't stand out (one of the automakers that's now out of business had been selling what was a basically plain vanilla Mitsubishi sedan).  Now, the one notable exception is the Tesla - so long as you have at least $90,000 to shell out, and are willing to wait a while to get your car delivered.  In affluent sections of L.A., this is truly the hot car - just 600 or so Teslas have been sold in Southern California during the first seven months of the year.  It's also received rave reviews from all the big automotive publications.

Whatley: And perhaps most surprising of all, Tesla has been making money…

Lacter: That's right, although the stock price is ridiculously overvalued at around $20 billion (that's one-third the market value of General Motors, even though Tesla cranks out all of 21,000 vehicles a year while GM sells almost 5 million).  People seem to love this car almost in spite of it being battery powered, which gets us back to the challenges in trying to sell these things.  Elon Musk, who founded the company (he's also behind SpaceX and he co-founded PayPal), has managed to win over customers because the car itself is so much fun to drive.  The other makers of electric cars - not so much.

Whatley: So, for the folks still on the fence... might it be better to wait until driverless cars become available?

Lacter: That's going to be quite a wait, although all the automakers are working on their versions of self-driving cars.  The Mercedes people just announced plans to launch in 2020 - the same year that Nissan wants to bring out its car - and Google, which has had self-driving cars tooling around California for several years, is looking at 2017.  So, what we're seeing is real, but the question is what sort of real it'll turn out to be.  Certainly, the possibilities are nothing short of revolutionary - you're looking at, potentially, faster commute times because cars will be able to travel closer to one other (reaction times would be faster than with a human behind the wheel); in addition, fewer accidents and injuries (also a function of reaction times).  But, how well the vehicles work once they get beyond the testing phase is anyone's guess.  California does allow self-driving prototypes car for testing purposes, but that's far different than full-scale authorization.

Whatley: What if something goes wrong?

Lacter: That's one of the big concerns - liability, but the real issue is public acceptance.  Already, surveys are finding reluctance to buying a driverless car, or even having them on the road.  That's not a huge surprise considering how novel the concept still is - and all it takes are a few mishaps to affirm the skeptics.  All of which points to a lengthy transition period - not unlike the early days of the passenger plane, when most folks couldn't imagine getting into a flying machine.  Eventually, they got used to them, but it took time.

Whatley: And finally, some thoughts on Cal Worthington?

Lacter: Certainly one of the great showmen in the annals of L.A. broadcasting - Cal Worthington wasn't the first auto dealer to discover the benefits of commercials, but he lasted longer than anyone else, selling more than a million cars (that according to his count), and grossing billions of dollars.  The Worthington ads are sometimes considered the first infomercials - that might be a stretch, but three factors really made it all come together: Southern California's appetite for the automobile, the ease by which Cal could deliver his schtick (remember when he was strapped to the wing of a biplane?), and the fact that there was so much available air time to sell in L.A.. Definitely a legend in his own time.

Mark Lacter writes for Los Angeles Magazine and pens the business blog at LA Observed.com.

This content is from Southern California Public Radio. View the original story at SCPR.org.




sales

Retailers pushing Christmas sales in October

Business Update with Mark Lacter

It's late October, which means  more and more stores are decorating for Christmas. 

Steve Julian:  Business analyst Mark Lacter, whatever happened to "better late than never?" 

Mark Lacter: Steve, retailers never want to sell late because it often means having to reduce the price. They're looking to start out as soon as possible - these last three months represent their biggest payday of the year. And here in California people do seem to be buying stuff - consumer spending has been up for 14 consecutive quarters, going back to the spring of 2009, and taxable sales are up almost 5 percent from the peak levels before the recession. Another good sign is Chapman University's index of consumer sentiment, which is at its highest level since the beginning of the recession in late 2007. All these indicators explain why the state economy is generally outpacing the rest of the nation.

Julian: There has to be a "but" in here someplace…

 Lacter: The "but" is that only 60 percent of the jobs lost during the downturn have been recovered, and the unemployment rate in many parts of the state, including L.A. County, is still at or above 10 percent, which isn't what you'd call a healthy economy. And that's why holiday shopping this year could end up being sort of hit and miss. Folks who have well-paying jobs and a bunch of their money in the stock market - and Southern California has its share of both - those folks will probably be spending good amounts. 

Julian: Are there geographic tell-tale signs?

Lacter: The closer to the coast you go, the more spending there's likely to be. But it's a different story if you're feeling vulnerable about your job or in the amount of savings you have in the bank. So you have retailers once again coming up with ways of reaching as many budget-conscious folks as possible, as early as possible. The most obvious move is opening their stores on Thanksgiving night - Macy's is the latest of the chains to get a head start on Black Friday (Target, Kohl's, Walmart and J.C. Penney will also be open). Another strategy is matching your prices with the prices on Amazon and other online retailers - also, retailers will use mobile apps and arrange in-store pickup of online purchases. All told, expect holiday sales to run 3 percent ahead of last year, with the L.A. area likely to be a bit higher. Decent, but not great.

 Julian: What's the message to consumers now: buy or not buy?

 Lacter: Well, we'll start with the good news - gasoline prices are at their lowest level since the beginning of the year, with an average gallon of regular in the L.A. area running $3.75, according to the Auto Club. And barring any refinery fires or international catastrophes, the numbers might keep falling into November and December, which could incentivize consumers to buy a little more at the shopping malls. Here's some more good news - the L.A. area has seen a huge drop in the number of homeowners who are underwater, which happens when the value of a property is less than the amount that's owed on the property. This of course was a big problem during the recession, but over the last year the median home values have gone up between 20 percent and 30 percent. 

 Julian: And if your equity is positive instead of negative, you'll probably feel more confident about spending. 

 Lacter: That's right. But there are also deterrents to spending - as has been reported, a few hundred thousand Californians lose their individual health care policies by the end of the year because their plans don't meet the requirements of the Affordable Care Act. Policyholders will be stuck in many cases with a premium increase, possibly a big increase. Now it's possible that in the long run these folks will be better off with a more inclusive plan that results in lower out-of-pocket expenses. But it'a hard to ignore the sticker shock of having to shell out, say, $250 a month instead of $100.

 Julian: There goes the holiday list...

 Lacter: For those folks, yes. And even though L.A. consumers do a good job of separating their feelings about Washington with their desire to spend, the economy is bound to slow down a little. So Steve, just don't count on that $9,000 fur vest I was going to get you for Christmas. Sorry about that…

Mark Lacter writes for Los Angeles Magazine and pens the business blog at LA Observed.com.

This content is from Southern California Public Radio. View the original story at SCPR.org.




sales

David Israel of POP Gourmet Foods on fine-tuning retail sales

POP Gourmet Foods, Tukwila, WA—a manufacturer of high-end popcorn products, as well as chips and croutons—maintains an international customer base in mass merchandise, warehouse/club, specialty and traditional grocery, foodservice, airlines and hotels, among others.




sales

New Car Sales to Increase 2.7% to 2.1 Million in 2013, Predicts Trader Media Group

Trader Media Group is expecting to see an increase in new car sales of 2.7% in 2013 with new car registrations reaching 2.1 million.




sales

TikTok Inside Sales Representatives File Putative Collective Action for Unpaid Overtime Wages

The Complaint alleges that despite performing non-exempt work, TikTok improperly classified its Inside Sales Representatives as exempt and required them to work overtime to meet TikTok's productivity standards/metrics.




sales

Finland’s Suominen ‘s net sales increase to $120.53 mn in Q3 2024

Suominen Corporation has reported Q3 2024 net sales of €111.6 million (~$120.53 million), up from €106.4 million YoY. The company suffered a net loss of €3.2 million (~$3.4 million) due to operational challenges. YTD sales reached €343.8 million (~$370.9 million), and the company expects a full-year EBITDA increase. Sustainability efforts earned Suominen a Gold Medal from EcoVadis.




sales

Cool role spotlight: how this chef combines her passions for culinary arts and sales (November 14, 2024 12:00pm)

Event Begins: Thursday, November 14, 2024 12:00pm
Location:
Organized By: University Career Center


No career path is a straight line, sometimes you have to funnel your passions into new directions. On November 14 at 12:00PM PT joinus for a virtual session with Chef and Sales Manager Juliet Hope. During the event Juliet will share her insights into her role and career journey, including:
Pivoting your career to find the right path for you
What a day in the life of a Regional Sales Manager looks like
Tips for a successful career in the food industry
Hope to see you there! 





sales

Charting Your Sales & Use Tax Business Model

The sales tax landscape has dramatically changed since the Supreme Court overturned Quill in June 2018. Almost all states have responded by updating their remote seller nexus rules over the past year. With these changes, comes an opportunity to support clients that need help navigating these changes. Many firms are expanding their sales and use tax services, but like most other practice areas, developing a business model and plan is critical for success.

Join us for a webinar as we explore different business models that firms have established to provide sales and use tax services. We will take a look at the types of services firms are offering to help clients comply with changing sales and use tax laws. During the webinar we will discuss how to:

  • Identify a business model that works best for your firm
  • Determine the services your firm can offer
  • Find opportunities for internal firm collaboration
  • Leverage automation to provide services

This on-demand webinar does not offer CPE credit.

View Webinar
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sales

Evaluating the Sales Process

The beginning of strong marketing is a strong engagement of employees in the sales process.




sales

‘Lord of the Rings’ Owner Embracer Reports 10% Drop in Entertainment Sales, Blames Tolkien IP for ‘Lower Activity’

Embracer has reported disappointing results for the second quarter of 2024, reporting a large drop in net sales of 21% across the gaming group to SEK 8.6 billion ($782 million), with net sales of its entertainment and services also dropping by 10%. Adjusted operating profit fell by 33% to $109 million between July and September […]




sales

Quick Commerce captures nearly half of Kirana sales; market projected to hit $40 billion by 2030

India's quick commerce market is booming and is set to reach USD 40 billion by 2030. This surge is driven by consumer demand for fast deliveries, with 46% of consumers reducing their reliance on traditional Kirana shops. Quick commerce platforms are projected to capture 21% of total Kirana sales by 2024.




sales

Global luxury sales to fall 2% in 2024, among weakest years on record, Bain says

Sales of personal luxury goods are projected to decline by 2% this year, marking the industry's weakest performance since the 2008-09 financial crisis. This downturn, attributed to price increases and economic uncertainty, has particularly impacted China, a key market for luxury brands. The shrinking customer base and shift towards higher price points have prompted concerns about the industry's recovery timeline.




sales

Festive season sees 13% rise in sales of electronic products: NielsenIQ

The festive season brought good news for the technology sector. Sales of tech products and durables saw a significant rise. Air conditioners, laptops and smartphones were popular choices among shoppers. This growth was fueled by new features, discounts and a preference for premium products. Interestingly, most of the sales happened before Diwali, indicating a change in consumer behavior.




sales

India festive season sales log 12 pc growth at Rs 1.18 lakh crore, smaller cities lead

Driven by tier 2 and 3 cities, India's e-commerce sector registered a gross merchandise value (GMV) of approximately $14 billion (more than Rs 1.18 lakh crore) in this year's festive season, marking a 12 per cent growth over last year's festive period, a report said on Wednesday.




sales

Kia sees near-term market challenges but sticks to 1.6 mln annual EV sales target by 2030

South Korean car maker Kia expects challenging market conditions in the near term due in part to governments' policies but will stick to its target of selling 1.6 million electric vehicles annually by 2030, a senior executive said.




sales

Saudi Wealth Fund Ramps Up Stock Sales to Support Spending Plans

Saudi Arabia’s wealth fund sold part of its stake in the kingdom’s main mobile-phone operator for about $1 billion, the latest step in its efforts to raise cash for the government’s economic transformation plan. Most Read from Bloomberg The Public Investment Fund sold 100 million shares in Saudi…




sales

ASML Upholds 2030 Sales Forecast in Bet on AI-Driven Demand




sales

E.ON's sales at €56.3B for first 9 months of 2024

E.ON SE announced on Thursday that its sales for the first nine months of fiscal 2024 came in at €56.3 billion, dropping by 19% year-on-year.More to come......




sales

Online sales of morning-after pills surge post-election

In the wake of Donald Trump's victory in the presidential election, retailers report that online sales of emergency contraceptives have soared.




sales

News24 Business | Brait eyes riding off into the sunset by end 2027 as it guns for New Look, Virgin Active sales

Brait is looking to sell UK fashion retailer New Look between October 2025 and March 2026 with a Virgin Active sale or initial public offering (IPO) targeted a year later, after which the rest of its operations will be wound down.





sales

Two-wheeler sales surge to record high of 21.64 lakh units in India in Oct

Total two-wheeler sales in the country surged by a robust 14.2 per cent to 21.64 lakh units in October this year, compared to 18.96 lakh units in October 2023, according to figures released by the Society of Indian Automobile Manufacturers (SIAM) on Wednesday.




sales

Businesses Are Reviving This 1800s Holiday Tradition With a 'Surprise and Delight' Factor That Drives Sales — Here's How One Buzzy Brand Is Making It Work

Brands like Straightaway Cocktails are putting their own spin on a practice you might remember from childhood.




sales

M/S R.D Sales Corporation And Anr vs Anoop Singh Gill on 8 November, 2024

This order shall dispose of four revision pe&&ons &tled above, as all of them are between same par&es and pertain to the same demised premises. In order to avoid confusion, par&es shall be referred as "landlord" and "tenant", i.e. as per their status before the trial Court.

2.1 Admi*edly, the demised premises, i.e. Shed No.433-A, Industrial Area, Phase-II, Chandigarh was originally allo*ed to Smt. Swaraj Katari by Chandigarh Small Industries Department Corpora&on Limited. M/s R.D. Sales Corpora&on through its proprietor Rakesh Gupta (pe oner herein) was inducted as tenant in the demised premises on the right side por&on to the extent of 12 Ft. X 60 Ft., vide rent note dated 19.10.1994 on monthly rent of ₹6,000/- including water and electricity charges, for a period of 11 months. Said rent was later on Page no.2 out of 47 pages 2 of 47 Neutral Citation No:=2024:PHHC:146797 CR No.1662 of 2020 (O&M) 2024:PHHC:146797 CR No.1663 of 2020 (O&M) 2024:PHHC:146800 CR No.1664 of 2020 (O&M) 2024:PHHC:146802 CR No.6078 of 2018 (O&M) 2024:PHHC:146806 enhanced to ₹8,500/-.




sales

M/S R D Sales Corporation Etc vs Anoop Singh Gill on 8 November, 2024

This order shall dispose of four revision pe&&ons &tled above, as all of them are between same par&es and pertain to the same demised premises. In order to avoid confusion, par&es shall be referred as "landlord" and "tenant", i.e. as per their status before the trial Court.

2.1 Admi*edly, the demised premises, i.e. Shed No.433-A, Industrial Area, Phase-II, Chandigarh was originally allo*ed to Smt. Swaraj Katari by Chandigarh Small Industries Department Corpora&on Limited. M/s R.D. Sales Corpora&on through its proprietor Rakesh Gupta (pe oner herein) was inducted as tenant in the demised premises on the right side por&on to the extent of 12 Ft. X 60 Ft., vide rent note dated 19.10.1994 on monthly rent of ₹6,000/- including water and electricity charges, for a period of 11 months. Said rent was later on Page no.2 out of 47 pages 2 of 47 Neutral Citation No:=2024:PHHC:146797 CR No.1662 of 2020 (O&M) 2024:PHHC:146797 CR No.1663 of 2020 (O&M) 2024:PHHC:146800 CR No.1664 of 2020 (O&M) 2024:PHHC:146802 CR No.6078 of 2018 (O&M) 2024:PHHC:146806 enhanced to ₹8,500/-.




sales

M/S R.D Sales Corporation And Anr vs Anoop Singh Gill on 8 November, 2024

This order shall dispose of four revision pe&&ons &tled above, as all of them are between same par&es and pertain to the same demised premises. In order to avoid confusion, par&es shall be referred as "landlord" and "tenant", i.e. as per their status before the trial Court.

2.1 Admi*edly, the demised premises, i.e. Shed No.433-A, Industrial Area, Phase-II, Chandigarh was originally allo*ed to Smt. Swaraj Katari by Chandigarh Small Industries Department Corpora&on Limited. M/s R.D. Sales Corpora&on through its proprietor Rakesh Gupta (pe oner herein) was inducted as tenant in the demised premises on the right side por&on to the extent of 12 Ft. X 60 Ft., vide rent note dated 19.10.1994 on monthly rent of ₹6,000/- including water and electricity charges, for a period of 11 months. Said rent was later on Page no.2 out of 47 pages 2 of 47 Neutral Citation No:=2024:PHHC:146797 CR No.1662 of 2020 (O&M) 2024:PHHC:146797 CR No.1663 of 2020 (O&M) 2024:PHHC:146800 CR No.1664 of 2020 (O&M) 2024:PHHC:146802 CR No.6078 of 2018 (O&M) 2024:PHHC:146806 enhanced to ₹8,500/-.




sales

M/S R.D. Sales Corporation And Anr vs Anoop Singh Gill on 8 November, 2024

This order shall dispose of four revision pe&&ons &tled above, as all of them are between same par&es and pertain to the same demised premises. In order to avoid confusion, par&es shall be referred as "landlord" and "tenant", i.e. as per their status before the trial Court.

2.1 Admi*edly, the demised premises, i.e. Shed No.433-A, Industrial Area, Phase-II, Chandigarh was originally allo*ed to Smt. Swaraj Katari by Chandigarh Small Industries Department Corpora&on Limited. M/s R.D. Sales Corpora&on through its proprietor Rakesh Gupta (pe oner herein) was inducted as tenant in the demised premises on the right side por&on to the extent of 12 Ft. X 60 Ft., vide rent note dated 19.10.1994 on monthly rent of ₹6,000/- including water and electricity charges, for a period of 11 months. Said rent was later on Page no.2 out of 47 pages 2 of 47 Neutral Citation No:=2024:PHHC:146797 CR No.1662 of 2020 (O&M) 2024:PHHC:146797 CR No.1663 of 2020 (O&M) 2024:PHHC:146800 CR No.1664 of 2020 (O&M) 2024:PHHC:146802 CR No.6078 of 2018 (O&M) 2024:PHHC:146806 enhanced to ₹8,500/-.




sales

Hyundai bets on buoyant Bharat, plans measures to boost sales

Rural demand now comprises 21% of Hyundai’s total sales, up from 18.5% two years ago, said Tarun Garg




sales

October auto sales: Overall PVs see uptick as SUVs and two-wheelers shine during festivities

In October 2024, both Dussehra and Diwali fell in the same month, traditionally boosting consumer demand and driving significant gains for the auto industry




sales

Festive demand helps PV wholesales rise marginally

Aided by festive demand, domestic passenger vehicle wholesales rose marginally year-on-year to 3,93,238 units in October, industry body SIAM said on Wednesday. The overall passenger vehicle dispatches by companies to dealers stood at 3,89,714 units in October last year. Total two-wheeler sales rose 14 per cent year-on-year to 21,64,276 units last month, as compared to 18,95,799 units in October 2023, the Society of Indian Automobile Manufacturers (SIAM) said in a statement.




sales

Xbox Series X|S vs Xbox 360 Sales Comparison in Japan - October 2024

The VGChartz sales comparison series of articles are updated monthly and each one focuses on a different sales comparison using our estimated video game hardware figures. The charts include comparisons between the PlayStation 5, Xbox Series X|S, and Nintendo Switch, as well as with older platforms. There are articles based on our worldwide estimates, as well as the US, Europe, and Japan.

This monthly series compares the aligned sales of the Xbox Series X|S and Xbox 360 in Japan, as well as looking at lifetime original Xbox sales and Xbox One sales.

The Xbox Series X|S launched in Japan in November 2020, while the Xbox 360 launched in Japan in December 2005. The original Xbox launched in Japan in February 2002 and the Xbox One in September 2014.

XSX|S Vs. X360 Japan:

Gap change in latest month: 9,729 - X360

Gap change over last 12 months: 260,451 - X360

Total Lead: 557,867 - X360

Xbox Series X|S Total Sales: 636,764

Xbox 360 Total Sales: 1,194,631

October 2024 is the 48th month the Xbox Series X|S has been available for in Japan. In the latest month, the gap grew in favor of the Xbox 360 when compared to the aligned launch of the Xbox Series X|S by 9,729 units.

In the last 12 months, the Xbox 360 has outsold the Xbox Series X|S by 0.26 million units. The Xbox 360 is currently ahead by 0.56 million units.

The Xbox Series X|S has sold 0.64 million units in 48 months, while the Xbox 360 sold 1.19 million units. Month 48 for the Xbox Series X|S is October 2024 and for the Xbox 360 is November 2009.

The Xbox 360 crossed 1.2 million units in month 49 and 1.5 million units in month 67. The Xbox 360 sold 1.66 million units lifetime. The Xbox Series X|S is 1.02 million units behind lifetime Xbox 360 sales.

A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012 and taking over the hardware estimates in 2017. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel. You can contact the author on Twitter @TrunksWD.

Full Article - https://www.vgchartz.com/article/463010/xbox-series-xs-vs-xbox-360-sales-comparison-in-japan-october-2024/




sales

Retail Car Sales October 2024 - Double Festival Bonanza

October 2024 was quite the celebration for the Indian car industry, with sales going through the roof for most car manufacturers thanks to both Dusshera and Diwali in the same month. Year-over-year sales rose by 32.38 per cent to 483,159 units




sales

Revelwood Expands Leadership Team with New Sales Director Koury Reid

Koury Reid, an experienced sales executive, joins Revelwood's leadership team to help drive further growth.




sales

H.C. Starck Posts Sales Increase with New Structure

H.C. Starck adjusted annual sales increased by 23 percent to 581.7 million euros. The most important external success factor was the positive economic environment in the end industries




sales

PMG Presse-Monitor strengthens management team: Welcomes Michelle Harold as new VP Global Sales

PMG Presse-Monitor has expanded its management team welcoming Michelle Harold as Vice President Global Sales to lead PMG's international sales team from 5 June. With her extensive experience in the digital transformation of content, Michelle will lead PMG's market expansion emanating from their ongoing investment and commitment to innovation in the conversion and provision of high-quality digital publishing content




sales

10 Business Development Techniques to Grow Sales Fast

Time to crank up sales. Thankfully, the economy is starting to heat up, and as such, it may be an ideal time to learn how to crank up your sales.

complete article




sales

5 Steps to Project your Business’ Sales

Every business owner should be forecasting sales. You may use actual numbers if you have historical financial records. But what do you do if you have nothing to refer back to? You will need to determine how many potential customers are there and how many of these potential customers are likely to buy from you, decide the average sale per customer, and then project this out for the year.

complete article




sales

The Ins and Outs of Sales Tax

Do all small business owners need to pay sales taxes? Yes, the majority of businesses that are sales oriented are required to pay taxes to the home state or other locations where they do business. There are only a handful of states that do not require taxes from businesses - Oregon, Alaska, New Hampshire, Delaware, Hawaii and Montana, for the rest of us, sales taxes are something worth paying close attention to.

complete article




sales

7 Insane Website Updates That Will Grow Your Sales

Technology can be a powerful driver of business growth. There are seemingly endless areas where you can invest your time and effort.

complete article




sales

Sales, Profitability Are Up For Small Businesses As 2016 Ends

U.S. small businesses are wrapping up 2016 with stronger sales and improved profitability.

Businesses with less than $10 million in annual revenues have experienced, on average, 7.3 percent annual sales growth during 2016, according to a financial statement analysis by Sageworks, a financial information company. That represents the fifth consecutive year that sales have grown more than 7 percent.

complete article




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Salesforce small business tools get major refresh

Salesforce may derive a grand majority of its revenue from large customers employing 1,000 or more people. But it reached out this week to the smallest of small businesses -- 20 employees or less -- with the release of Salesforce Essentials.

The new suite of Salesforce small business cloud tools, which manage both sales and customer service/support, will replace current offerings Desk.com and SalesforceIQ. The company will retire those in 2020.

complete article




sales

Supreme Courts internet sales tax ruling may be a nightmare for small businesses

In the wake of yesterdays Supreme Court ruling, e-commerce companies are understandably both concerned and uncertain of their future. The 5-4 verdict overruled a 1992 precedent set by the case Quill v. North Dakota that only addressed mail-order businesses at the time, but it became a powerful legal bedrock for the e-commerce industry. It let companies without a robust physical infrastructure thrive during and after the dot-com boom by exempting purchases from sales tax, so long as the seller did not have a physical operation in the state where the customer resided. Now, following the court’s decision, states can start charging sales tax on internet purchases even when a retailer has no physical presence in that state.

A number of retailers, from Amazon to Etsy to Overstock.com, may be impacted. It is not necessarily because those corporations have been skirting sales tax collection, but some enable thousands of third-party sellers to do so, largely thanks to Quill v. North Dakota. In fact, Amazon, which last year started collecting sales tax in all 45 states that require it by law, may have a substantial amount of work to do to help its Amazon Marketplace sellers stay compliant.

complete article




sales

Supreme Court decision to allow more online sales tax worries small business groups

Small business advocates largely grumbled after the nation's highest court overturned a decades-old decision on online sales tax.

The Supreme Court ruled Thursday that states now have the power to force online retailers to collect sales tax in states where they do not have a physical presence, reversing a ruling from 1992 in a 5-4 decision. The move also revives a 2016 South Dakota law that required large, out-of-state e-commerce companies to collect sales tax, one that big e-commerce players fought. Some online retailers, such as Amazon.com, currently collect state sales tax on products they directly sell but do not collect taxes from many of the independent sellers on the site.

The decision removes the sales-tax savings that consumers could reap by making purchases online instead of buying from local brick-and-mortar shops. Although the move does help to level the playing field for physical small businesses, it also places new burdens on small online retailers.

complete article




sales

The internet sales tax is going to pummel small businesses

On Thursday, the Supreme Court overturned decades of law and precedent by allowing states to levy sales taxes on internet purchases. Like many things in life, the South Dakota v. Wayfair decision is a mixed bag. On the whole it was probably the right call, cleaning up an enormously incoherent and unfair tax regime that's only gotten worse as online retail has expanded.

But it will also hit many small businesses hard.

complete article




sales

Seven Reasons Your Small Business Is Not Generating Sales

Here are seven reasons why your business is not generating sales:

1. You are marketing, not selling.

Reaching out to a networking contact is a sales call when that contact has expressed a need and interest for what you are selling, and you actually discuss your offer, your pricing, next steps and or other ways to move forward. If your networking meeting is to introduce what you offer or to reconnect in general, that is a marketing call. Many small business owners are busy on social media, tweaking their website, writing blogs, and catching up over coffee – all of which is great for marketing and may lead to sales eventually -- but these activities are not directly generating sales.

complete article




sales

How to Boost Post-Holiday Sales

For businesses large and small, the annual holiday season really is the most wonderful time of the year, to quote the classic tune. Customers looking to spread a little cheer among their loved ones come out in droves to get the newest toys, try out the latest services and end the year spending more money than they did the previous year.

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sales

More Than 50 Percent of Record-Setting Amazon Holiday Sales Made By SMBs

The 2018 holiday season is in the books, and small to medium-size businesses (SMBs) sold big on Amazon. In fact, SMBs had their best holiday shopping season ever.

The e-tail giant itself had a record-setting holiday season as well: More items were ordered worldwide on Amazon than ever before.

But it was not just corporations like LEGO that benefitted from all this shopping. More than 50 percent of all items sold came from small and medium-sized businesses.

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sales

Use This 5-Step Process to Set and Achieve Your Sales Goals

Step 1: Set meaningful goals.
People do nott achieve goals unless the goals are meaningful to them. Sure, every seller has a quota for this year, but so what? If you want to maximize your motivation to achieve the goals, you must know why achieving it is important to you. To do that, go beyond your one-year quota-focused goal.

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sales

39% of Small Business Hires This Year Will Be Sales and Marketing Staff

The latest report from Clutch says 39% of small businesses will add sales and marketing employees.

This data point underscores the importance of sales and marketing in today’s digital commerce. You must optimize websites, social media channels and eCommerce sites to make it happen. And you need sales and marketing employees to do  the heavy lifting.

Some small businesses have already created a digital presence. And the job of sales and marketing generally goes to in-house staff. This job often goes to employees with the necessary skill sets or to someone learning on the job. But remember how important these positions figure in the company’s growth.

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