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Welcome to the first
#ShopifyMeetup in Hong Kong
17%
community
around Shopify
77%
use Shopify
Because this is a ‘meetup’...
● Look at the person beside you and say HI!
● Do they sell on Shopify?
● What industry are they in?
Agenda
7:10 pm - Namra Deka - Partner Manager, Shopify
7:20 pm - Duncan Tang - CEO, ChicWorkshop
7:30 pm - Akul Dewan - Partner Manager, TradeGecko
7:40 pm - Jessica Yeung - Head of BD, EasyShip
7:45 pm - Fireside chat with Tiny Bitz, Hazel & Hershey Coffee Roasters,
and Herb’s Oil
8:00 pm - Panel with speakers
8:15 pm - Networking drinks
Thank you to our sponsors
Tweet your questions to
#ShopifyMeetup
Tweet your questions to #ShopifyMeetup
TRIVIA TIME!
In which year was Shopify founded?
Tweet your questions to #ShopifyMeetup
Confidential Customized for Shopify Meetup Hong Kong 2017 Version 1.0
Chic Workshop
Duncan Tang
Chic Workshop
Shopify Expert based in Hong Kong
Milestone
2006
Founded
By team of designers and developers
passionate about what they do.
2010
Founded beChicLiving
Shopify store selling lifestyle products
2010
Partnered with Shopify
Became Shopify Partner and Shopify Expert
2017
400+ Shopify Deployments
Completed 400+ Shopify projects big and small
with client satisfaction.
Services
Setup Design Development
We are a Shopify
Merchants Too
beChicLiving is a shopify store that sell lifestyle items.
So we speak the same languages as all shopify
merchants.
Shopify
The ecommerce platform made for you
Is it in the correct dimension?
Is it in the correct aspect ration?
Does the resolution good enough?
Does the file name SEO friendly?
Does the file size optimised for SEO?
Does alt tag well placed?
Get in touch
ChicWorkshop.com
#ShopifyMeetup Hong Kong
#ShopifyMeetup Hong Kong
Enable every commerce entrepreneur to
build the business of their dreams
Akul Dewan
Partnerships, APAC
Cloud based inventory and order management software
for brands and distributors
Here’s what we’ll cover today
A real merchant’s
growth story
Challenges of a growing
business
Some tips to solve these
challenges
● Carl loved fashion
● Carl was a designer
● Carl had connections in the fashion industry
So… Carl started his label Crowded Elevator with a
B2C and B2B mix
The story of Carl Thompson
What Carl did when he started
What Carl loved
● Designing t-shirts
● Building a brand
● Building customer and wholesale
relationships
What Carl ended up doing
● Master of 100s of spreadsheets
● Managing cashflow
● Debt collector
He went bankrupt.
What killed him was cash flow.
The top 2 priority for business owners
1. Growing sales
2. Managing cashflow
Your business
Cashflow
eCommerce businesses naturally face cashflow issues
Purchase Order
1
DAY
eCommerce businesses naturally face cashflow issues
Purchase Order Comes into
warehouse
1
DAY
45
DAY
eCommerce businesses naturally face cashflow issues
Purchase Order Comes into
warehouse
1
DAY
45
DAY
Created a sale
60
DAY
eCommerce businesses naturally face cashflow issues
Created a sale Payment comes into
bank account
Purchase Order Comes into
warehouse
75
DAY
60
DAY
1
DAY
45
DAY
eCommerce businesses naturally face cashflow issues
Created a sale Payment comes into
bank account
Purchase Order Comes into
warehouse
75
DAY
60
DAY
1
DAY
45
DAY
2.5 months out of cash!
3 simple ways to improve cash flow for eCommerce
● Negotiate (better) terms with your suppliers
○ Ask for better payment terms
○ Ask them for a discount
○ Ask them to ship your stock in batches
● Ask your wholesale customers to pay upfront with their credit card
● Look at short term financing options for your purchase orders or large customer invoices
● Average inventory value
Analyse your inventory and selling patterns
● Average inventory value
● Inventory turnover (bring this number up)
Analyse your inventory and selling patterns
Now let’s get back to Carl
A modern merchant’s growth story
● Carl loved fashion
● Carl was a designer
● Carl had connections in the fashion industry
So… Carl started his label Crowded Elevator and
grew it with a mix of retail and wholesale
contracts
What did he do after
going bankrupt?
He started TradeGecko!
Founded by Carl and brothers Cameron
and Bradley from New Zealand
TradeGecko is cloud based inventory
and order management software.
● All your business operations in one
place.
● Keep right amount of inventory
across locations
● Better backend Warehousing tools
and 3PL integrations
● Business Intelligence & Reporting
What does TradeGecko do?
That’s Not All….
We work well with Shopify
Keep track of stock
across different
locations, including
Shopify POS.
Create purchase orders,
stock takes, track costs
and view complete
finances.
Integrate and manage
multiple stores in
different currencies and
languages.
Your business dashboard
and reports
Your B2B Payment Gateway
● Say goodbye to lengthy bank transfers
● Get paid faster
We help wholesalers (get paid faster)
With TradeGecko Payments,
half of the invoices are
paid in 1 business day.
Thank You
akul@tradegecko.com
#ShopifyMeetup Hong Kong
#ShopifyMeetup Hong Kong
Tweet your questions at #shopifymeetup
Thank you for supporting
#ShopifyMeetup Hong Kong!

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Shopify Meetup Hong Kong Nov 2017

  • 1. Welcome to the first #ShopifyMeetup in Hong Kong
  • 3. Because this is a ‘meetup’... ● Look at the person beside you and say HI! ● Do they sell on Shopify? ● What industry are they in?
  • 4. Agenda 7:10 pm - Namra Deka - Partner Manager, Shopify 7:20 pm - Duncan Tang - CEO, ChicWorkshop 7:30 pm - Akul Dewan - Partner Manager, TradeGecko 7:40 pm - Jessica Yeung - Head of BD, EasyShip 7:45 pm - Fireside chat with Tiny Bitz, Hazel & Hershey Coffee Roasters, and Herb’s Oil 8:00 pm - Panel with speakers 8:15 pm - Networking drinks
  • 5.
  • 6.
  • 7. Thank you to our sponsors
  • 8.
  • 9. Tweet your questions to #ShopifyMeetup
  • 10. Tweet your questions to #ShopifyMeetup TRIVIA TIME!
  • 11. In which year was Shopify founded? Tweet your questions to #ShopifyMeetup
  • 12. Confidential Customized for Shopify Meetup Hong Kong 2017 Version 1.0 Chic Workshop Duncan Tang
  • 13. Chic Workshop Shopify Expert based in Hong Kong
  • 14. Milestone 2006 Founded By team of designers and developers passionate about what they do. 2010 Founded beChicLiving Shopify store selling lifestyle products 2010 Partnered with Shopify Became Shopify Partner and Shopify Expert 2017 400+ Shopify Deployments Completed 400+ Shopify projects big and small with client satisfaction.
  • 16. We are a Shopify Merchants Too beChicLiving is a shopify store that sell lifestyle items. So we speak the same languages as all shopify merchants.
  • 18.
  • 19. Is it in the correct dimension? Is it in the correct aspect ration? Does the resolution good enough? Does the file name SEO friendly? Does the file size optimised for SEO? Does alt tag well placed?
  • 22.
  • 23.
  • 24.
  • 25.
  • 26.
  • 27.
  • 28.
  • 29.
  • 31. Enable every commerce entrepreneur to build the business of their dreams Akul Dewan Partnerships, APAC
  • 32. Cloud based inventory and order management software for brands and distributors
  • 33. Here’s what we’ll cover today A real merchant’s growth story Challenges of a growing business Some tips to solve these challenges
  • 34. ● Carl loved fashion ● Carl was a designer ● Carl had connections in the fashion industry So… Carl started his label Crowded Elevator with a B2C and B2B mix The story of Carl Thompson
  • 35. What Carl did when he started What Carl loved ● Designing t-shirts ● Building a brand ● Building customer and wholesale relationships What Carl ended up doing ● Master of 100s of spreadsheets ● Managing cashflow ● Debt collector
  • 36. He went bankrupt. What killed him was cash flow.
  • 37. The top 2 priority for business owners 1. Growing sales 2. Managing cashflow
  • 38.
  • 40. eCommerce businesses naturally face cashflow issues Purchase Order 1 DAY
  • 41. eCommerce businesses naturally face cashflow issues Purchase Order Comes into warehouse 1 DAY 45 DAY
  • 42. eCommerce businesses naturally face cashflow issues Purchase Order Comes into warehouse 1 DAY 45 DAY Created a sale 60 DAY
  • 43. eCommerce businesses naturally face cashflow issues Created a sale Payment comes into bank account Purchase Order Comes into warehouse 75 DAY 60 DAY 1 DAY 45 DAY
  • 44. eCommerce businesses naturally face cashflow issues Created a sale Payment comes into bank account Purchase Order Comes into warehouse 75 DAY 60 DAY 1 DAY 45 DAY 2.5 months out of cash!
  • 45. 3 simple ways to improve cash flow for eCommerce ● Negotiate (better) terms with your suppliers ○ Ask for better payment terms ○ Ask them for a discount ○ Ask them to ship your stock in batches ● Ask your wholesale customers to pay upfront with their credit card ● Look at short term financing options for your purchase orders or large customer invoices
  • 46. ● Average inventory value Analyse your inventory and selling patterns
  • 47. ● Average inventory value ● Inventory turnover (bring this number up) Analyse your inventory and selling patterns
  • 48. Now let’s get back to Carl
  • 49. A modern merchant’s growth story ● Carl loved fashion ● Carl was a designer ● Carl had connections in the fashion industry So… Carl started his label Crowded Elevator and grew it with a mix of retail and wholesale contracts
  • 50. What did he do after going bankrupt?
  • 51. He started TradeGecko! Founded by Carl and brothers Cameron and Bradley from New Zealand
  • 52. TradeGecko is cloud based inventory and order management software. ● All your business operations in one place. ● Keep right amount of inventory across locations ● Better backend Warehousing tools and 3PL integrations ● Business Intelligence & Reporting What does TradeGecko do? That’s Not All….
  • 53. We work well with Shopify Keep track of stock across different locations, including Shopify POS. Create purchase orders, stock takes, track costs and view complete finances. Integrate and manage multiple stores in different currencies and languages.
  • 55. Your B2B Payment Gateway ● Say goodbye to lengthy bank transfers ● Get paid faster We help wholesalers (get paid faster) With TradeGecko Payments, half of the invoices are paid in 1 business day.
  • 58.
  • 59.
  • 60.
  • 61.
  • 62.
  • 63. #ShopifyMeetup Hong Kong Tweet your questions at #shopifymeetup
  • 64. Thank you for supporting #ShopifyMeetup Hong Kong!