Welcome to the last Shopify Meetup in Singapore for 2017 where we were joined by guest speakers from TradeGecko, iCommerce, StarShipIT, Xero, Vyne and Zahara.
18. A modern merchant’s growth story
This is Carl. Founder of Crowded Elevator apparel
brand in NZ.
● Connections in fashion and retail industry
● Strong retail traction
● Consignment deals
● Stockists and wholesale deals
19. A modern merchant’s growth story
What Carl loved
● Designing t-shirts
● Building a brand
● Building customer and wholesale
relationships
What Carl ended up doing
● Master of 100s of spreadsheets
● Operations manager
● Real Estate costs
● Debt collector
21. Background on TradeGecko
Founded by Carl and brothers Cameron
and Bradley from New Zealand
Established in Singapore via the JFDI tech
incubator
Secured over USD $12M funding
23. Hundreds of brands told us
1. Growing your sales
2. Managing your cashflow
24. Hundreds of brands told us
1. Growing your sales
2. Managing your cashflow
Here’s what I’ll focus on today:
25. Why is managing cashflow such a huge problem
Created a sale Payment comes into
bank account
Purchase Order Comes into
warehouse
75
DAY
60
DAY
1
DAY
45
DAY
26. Why is managing cashflow such a huge problem
Created a sale Payment comes into
bank account
Purchase Order Comes into
warehouse
75
DAY
60
DAY
1
DAY
45
DAY
3+ months out of cash!
30. Inventory Management
● Stock Forecasting
● Backordering arrangement
● Stocking right products
- Cut down non moving stock
- Understand why it’s not selling so you can fix it with right promotions, price correction,
quality management
- Stock best sellers
- Push high profitable products more
- Include holding costs into your calculations
32. tradegecko.com
✔ Scales easily
✖ Expensive
✖ Difficult to control quality
✔ Low investment to start
✖ Difficult to scale
✔ Reduce time to ship
internationally
✖ Routing shipments is a
technological challenge
Outsourced to regional
3rd Party Logistics
providers
Pick, pack and ship items
in-house
Outsourced to a 3rd Party
Logistics provider
The way you ship needs to evolve as you grow
33. Warehouse Space
● Warehouse Rents
● 3PL Providers
○ Small - iCommerce, James & James
○ Mid Market - acommerce, SP ecommerce
● Dropshipping
37. 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
TradeGecko
That’s not all….
38. How TradeGecko complements 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.
39. Your B2B Payment Gateway
● Say goodbye to lengthy bank transfers
● Get paid faster
Introducing TradeGecko Payments
With TradeGecko Payments,
half of the invoices are
paid in 1 business day.