You are 100% correct. Just like you, customers in other countries want to understand what they're buying. Studies have shown they're actually 6 times more likely to buy when a website is available in their native language, and that 85% of global shoppers will not buy at all in a non-native langua...
Retention - if you build something people want/use AND come back and use often, then you can usually figure out a business model to make it work (if there's a big enough market).
Develop a strategy and a plan. Check out http://Fizzle.co - They have a 13 week ste-by-step guide.
Hi! First, i would not give for free the service, even if the money they would pay is going to go support their communities, you want to build a 100 years business and not a 6 months hobbies. The best way to make them use your product, is giving them a free trial period (1 or 2 months) and afte...
MOQs MOQ (Minimum Order Quantity) is not a new concept; it has a high success rate and various implementations the most common being regulatory agency restrictions, which have to do with import/exports, good sold etc. Additionally, no manufacturer can sell at cost (no markup) and remain in busi...
The answer to this question depends on the nature of your product, and what 'class' of medical device it would fall under. Depending on what class it is, the process could be as easy as filling out a simple form and sending it to the FDA, or it could be as hard as a multi-year multi-million dolla...
I mentor Startups and Business Leaders and of course was mentored myself in years past. The best way to find a mentor is to first know who you are. What are your goals, your unfinished challenges and projects? Where do you fall short in your own estimation? Generate these notes and form lists. ...
It depends how clear your idea value is without it, or with a rough one, or mock ups vs polished. There are a few goals you are trying to conquer with a prototype, overall its about concept clarity and valuation. 1. customer/investor acceptance: "i want that" 2. customer feedback: "you should ...
To open an e-commerce unit you need to select your product first, before selecting the country. Then, if you have made up your mind up that India is where you are going to import from, then you will need to figure out where you are importing to. If you are importing to the United States, then you...
For background, I'm an active board member for two charities, am a past board member of CIRA (which runs the .CA domain) and am a graduate non-profit governance essentials course from the Institute of Corporate Directors. I also built Canada's first crowdfunding website that distributed over $3m...