March 8, 2016
Cracking e-commerce in the days of eBay, Amazon and Alibaba is a tricky business. With a survival rate of probably one out of ten FinTech startups, chances are that e-commerce is also a tough business to enter and hold onto. There are countless sources suggesting success factors for companies looking to hack their way into e-commerce, out of which we took six core principles.
Invest in growth, whatever it takes
One of the most important factors that can contribute to success in e-commerce is a clear, rapid growth strategy. Either through organic growth or through active mergers and acquisitions, companies need to put significant effort in constant expansion. Organic or jump-start growth, both have their advantages and drawbacks, and each player will have to access the most suitable way. It is believed tha ...