New Alibaba.com products and services pave way
for New Digital Entrepreneurs to increase efficiency and overcome
common challenges such as product research and timely sourcing,
inventory management, and capital constraints.
Alibaba.com, one of the world’s largest B2B ecommerce
marketplaces and a business unit of Alibaba Group (NYSE: BABA), is
launching new Alibaba.com Dropshipping Solutions, alongside new
platform tools and a grants program totaling $500,000 in awards to
support existing ecommerce businesses and the rise of “New Digital
Entrepreneurs.”
In 2020, 600,000 more new businesses started than in 2019 in the
US. According to the National Bureau of Economic Research, one
third of these companies are retailers not tied to a physical
store. Many of these 200,000 new online businesses are part of a
newly emerging group of entrepreneurs. These “New Digital
Entrepreneurs” are building digital businesses enabled by new
online infrastructure that allows them to operate their own
business-to-consumer (B2C) ecommerce stores on platforms like
Shopify, WooCommerce and Wix or as third-party sellers on retail
ecommerce sites like Etsy, Amazon and Walmart. Many of these New
Digital Entrepreneurs already look to Alibaba.com for sourcing
options and product demand insights. The new solutions and
offerings being announced today by Alibaba.com will further fuel
their ambition and support their future success.
“The disruptions of the last 18 months upended the small
business sector, forcing entrepreneurs to adopt more digital
business models and requiring new skills, services and capital,”
said John Caplan, President of North America and Europe of
Alibaba.com. “Over the last year, transactions involving US
businesses on Alibaba.com were up by over 150% as US businesses
rapidly turned to Alibaba.com to get digital and go global. This
so-far-overlooked group of entrepreneurs is using platforms like
Alibaba.com to become more efficient, spend less, travel for
business less and worry less, all while selling and achieving more.
Our new services, support and grants program all aim to support a
new wave of Digital Entrepreneurs as they set out to reshape their
futures.”
New Digital Entrepreneurs have among the lowest startup capital
costs with 44% saying they needed $5,000 or less in the first six
months. They come from all walks of life - from those leaving
full-time employment to stay-at-home moms to college students and
even retirees. Because of their size and level of investment, they
face fundamental business challenges including inventory
management, logistics, fulfillment, and finding promising products.
Alibaba.com’s new services, supports and grants program are
designed to help New Digital Entrepreneurs overcome these
challenges.
ALIBABA.COM DROPSHIPPING SOLUTIONS
Many of the New Digital Entrepreneurs are leveraging
dropshipping, which enables these small business owners to
eliminate inventory overhead or to test new products before making
larger orders. Now they can use new Alibaba.com Dropshipping
Solutions to reduce their inventory risk, facilitate testing
and bringing new products to market, get shipping transparency, and
enhance their customer support.
These new dropshipping services give New Digital Entrepreneurs
access to thousands of quality, vetted global suppliers and more
than one million products at wholesale prices through the
Alibaba.com Dropshipping Center. The Dropshipping Center brings
additional Ready-to-Ship products to the already vast catalog of
production capabilities that can be found on Alibaba.com, which
includes flexible customization and full OEM/ODM capabilities.
With a new Alibaba.com app available on the Shopify App Store
and a WooCommerce extension, online retailers can add new products
to their retail stores in just a few clicks for free, making it
easy to add products from Alibaba.com’s vetted dropshipping
suppliers to their online stores. For online retailers,
Alibaba.com’s Dropshipping Center automates the dropshipping
process from payments and order fulfillment to shipment tracking
through to their end customers.
Alibaba.com has also partnered with dropshipping partners,
including Modalyst, Spocket, Syncee and others, to provide even
more access to pre-vetted suppliers, quality products and
transparent shipping for more than 10 storefront platforms.
“We are proud to be one of Alibaba.com's premier partners and
are excited to integrate Modalyst, one of the largest networks of
digital entrepreneurs globally and our dropshipping platform
servicing hundreds of thousands of ecommerce retailers with
Alibaba.com,” said Jill Sherman, Founder and CEO of Modalyst. “We
see great potential in Alibaba.com and their ever-expanding network
of suppliers and inventory to connect retailers to a wide variety
of products at wholesale costs. This creates opportunity for
retailers to bring the right product assortment to their customers,
while earning an attractive profit margin on their ecommerce
business.”
NEW PLATFORM TOOLS
Alibaba.com is continuing to transform and stay true to its core
mission of making it easy for businesses to do business anywhere
and help US SMBs access the $23.9 trillion global B2B ecommerce
opportunity. To help SMBs overcome challenges posed by travel
restrictions and supply chain disruptions, Alibaba.com has created
new platform tools to help entrepreneurs to better access supply
and demand digitally, including:
Product research and discovery services with partners,
including:
- Tools for SMBs to easily research pricing trends and new
products to resell on Amazon and find Alibaba.com suppliers with
Helium 10, AMZScout and Zonguru
“Small and independent merchants are at a major disadvantage
when it comes to navigating supply chains, identifying appropriate
manufacturing partners and sourcing quality products,” said Ryan
Iyengar, Helium 10’s Chief Revenue Officer. “With this partnership,
Helium 10 continues its staunch support of entrepreneurial-minded
sellers, while simultaneously giving Alibaba.com customers the data
and insights needed to validate their Amazon-focused initiatives.
For the tens of thousands of Amazon sellers that use Helium 10 or
Alibaba.com as an integral part of their business process, this
integration levels the playing field and helps merchants succeed
and compete against larger brands at scale.”
“The Helium 10 Google Chrome extension’s Alibaba.com Supplier
Finder Tool has allowed me to discover products with high demand in
low competition categories on Amazon.com and then easily connect
with the Alibaba.com suppliers best suited to meet the needs of my
growing online retail business,” said US-based Amazon seller
Twinkle Gupta.
Digital exhibition and sourcing technologies and tools to
facilitate business buyer and seller communication, interaction and
due diligence without the need for costly and time-consuming
in-person visits and travel, including:
- Alibaba.com LIVE and Alibaba.com True View - live
video chats and on-demand trending videos allowing business buyers
to hear directly from suppliers and manufacturers about their
capabilities, qualifications, facilities, products and
insights.
- Alibaba.com Virtual Reality Showroom - VR showrooms for
buyers to experience full-scale showrooms and assembly lines from
the comfort of their own homes using immersive 360° virtual reality
technology.
“I have been sourcing from Alibaba.com for over 10 years and
historically have set up Skype meetings for factory tours in order
to better get to know my suppliers,” said Max Leahy, President, PNP
Pets. “Alibaba.com Virtual Reality Showrooms will be a huge added
benefit for my business. These on-demand tours will save us time
and money when it comes to scheduling and travel while giving us
the sense of security of knowing where our goods are coming
from.”
Upgraded logistics services to ease the current supply
chain burdens and shipping delays, including:
- On-Time Delivery Services* - a selection of more than 19
million ready-to-ship products combined with preferred trade routes
recommendation based on global logistics big data that ensure
on-time arrival and are backed up by immediate compensation for any
delivery delays.
- One-Stop Door-to-Door Logistics Solutions with DDP cost
quoting – a dedicated pavilion of products eligible for
one-stop logistics services with end-to-end (Delivered Duty
Paid—DDP) costs quoted, from shipping and customs clearance at the
destination port, to last-mile delivery at your address, to help
SMBs streamline shipping and logistics processes, and avoid any
surprise charges.
FIRST-EVER $500,000 ALIBABA.COM GRANTS PROGRAM
The Alibaba.com Grants Program** kicks off today to
support SMB innovation and growth by offering entrepreneurs the
opportunity to win hands-on support from ecommerce experts and
compete for a total of $500,000 in cash grants. Alibaba.com is
partnering with Hello Alice, a resource platform that aims to help
small businesses through every step of the entrepreneurial journey,
to host the grant program, which is open to any new or existing
Alibaba.com account holder with an innovative product idea or
go-to-market strategy.
Interested entrepreneurs can apply now until October 21 by
submitting their product idea or go-to-market strategy through
hialice.co/alibaba, where they will be scored based on their
demonstration of the market opportunity, their business
model/product innovation, and their plan for the funds.
In early December, the top 50 applicants will win $10,000 each
in order to bring their innovative ideas to life. All applicants
will be able to join the Alibaba.com Digitization Sprint for
Retailers to gain integral know-how on key business topics such as
ecommerce basics, marketing and customer engagement, sourcing and
supply chain, finance and HR as well as overall business
growth.
THE BIGGEST B2B ECOMMERCE SALES EVENT OF THE YEAR
The grants program, new platform tools and Alibaba.com
dropshipping services all come during Alibaba.com’s biggest sales
event of the year: Super September. With suppliers providing
promotions all month long, Super September gives New Digital
Entrepreneurs the opportunity to take advantage of Alibaba.com’s
new products and services that provide added efficiency and allow
SMBs to spend less, travel less and worry less, while selling more
online.
*On-time Delivery Service applies to select products only and is
subject to Terms and Conditions **The Grants Program is subject to
terms and conditions, please visit hialice.co/alibaba for more
details
About Alibaba.com
The first business unit of Alibaba Group, Alibaba.com is a
leading platform for global B2B e-commerce that aims to make it
easy to do business anywhere. Launched in 1999, Alibaba.com is
engaged in services covering all aspects of commerce, including
providing businesses with tools that help reach a global audience
for their products and helping buyers discover products, find
suppliers, and place orders online fast and efficiently. It serves
millions of buyers and suppliers from over 200 countries and
regions around the world.
About Alibaba Group
Alibaba Group's mission is to make it easy to do business
anywhere. The company aims to build the future infrastructure of
commerce. It envisions that its customers will meet, work and live
at Alibaba, and that it will be a company that lasts at least 102
years.
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