Click below to watch episode 38 of Mind Movers Updates & Training, hosted by Co-Founder & Founding Brand Ambassadors, Chad & Nattida Chong.
Training by Chairmen & Co-Founders Nat & Chanida Puranaputra!

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MIND MOVER TRAINING

Training Topic for the day:

The new wave of E-Commerce in 2020
by Chairmen & Co-Founders Nat & Chanida Puranaputra

2020 is all about survival of the fittest. Never has there been a more important time to take care of yourself and your loved ones, physically, financially and emotionally. In such a time, it is important to remain hopeful and grateful for what you already have – your business or job, your family, your health and a chance to make the most of the opportunities presented to you.

The business world and especially the retail sector has taken the worst blow yet in 2020. The estimated number of retail stores closing in 2020 is between 12,000 to 15,000 in the US alone including J Crew, Gap, Forever 21, Nordstrom, K Mart and Macy’s.

Victoria’s Secret declared bankrupcy.
Zara closed 1,200 stores.
La Chapelle withdrew 4391 stores.
Chanel is discontinued.
Hermes is discontinued.
Patek Philippe discontinued production.
Rolex discontinued production.

World over, people in the retail sector and other sectors have lost their jobs and are desperately seeking a new way to earn an income.
With the pandemic, the business model has been forced to change, adapt, and evolve. Work from home has become the norm for companies that can adapt to working online, while others simply cannot afford to keep their brick and mortars operational. What about everyone else? As Bill Gates rightly said,
“The secret to success is figuring out where the world is headed, and get there fast.” What then is the solution to the volatile retail industry?

E-Commerce is now the fastest growing trend

Here’s why:

1. People prefer buying online
2. Retail stores are going bankrupt
3. By 2021, worldwide retail e-commerce sales will reach $4.9 trillion
4. All businesses will need to adapt or they will fail

Amazon is a prime example of a booming e-commerce platform in a world when e-commerce wasn’t even a trend.

Amazon launched its online book selling site at a time when franchise bookstore chains like Barnes & Noble, Waldenbooks and Crown Books were comfortable in storefronts. Promoting itself as “Earth’s Biggest Bookstore,” Amazon used major book distributors and wholesalers to rapidly fill its orders. And at the time, the idea of selling books online was a novel one that took time to take off. But by 1997, Amazon was carrying more than 2.5 million titles, and its sales totaled $148 million that year. The company had 1.5 million customers in more than 150 countries. Today Jeff Bezos, Amazon’s 56-year-old founder and the world’s richest person, has seen his fortune swell $74 billion in 2020 to $189.3 billion.

The world is yet again seeing a massive turn towards e-commerce. E-commerce platforms like Shopify will give retailers the chance to maximize their business, with all the tools and necessary features to support an online seller.

ByDzyne – ahead of the trend

ByDzyne believes that it is now time to embrace the change.
Being at the crossroads, one can choose to either sink or join the wave of change. We are reminded of what happened to Nokia.
It wasn’t just that Nokia failed to recognize the increasing importance of the android software. It also underestimated how important the transition to smartphones would be. And this was a classic case of a company being enthralled and therefore limited by its past success. Nokia was, after all, earning more than 50% of all the profits in the mobile-phone industry in 2007, and most of those profits were not coming from smartphones. Diverting resources into a high-end, low-volume business (which is what the smartphone business was back in 2007) would have looked risky. Nokia’s failure resulted at least in part from a reluctance to transition into a new era.

Take the risk – don’t be afraid to fail

If there’s one thing we can earn from Nokia, it’s that the fear of failing can cost you more than the risk you take when you embrace the new. The entrepreneur of today will now look for a business with
1. Lowest investment
2. Lowest risk
3. Highest returns

What kind of business can offer you the above?
The Network Marketing industry alone creates more millionaires than any other industry and even in 2020 is still thriving. By the end of this year, the global network marketing industry is set to touch the US$ 200 billion mark. E-commerce is expected to nearly double by 2023 to more than $6.5 billion.
With this in mind, ByDzyne has recognized the opportunity to combine two of the most competent business models to not only adapt but conquer the new world of business. We are on the verge of a breakthrough never before seen. 

Are you ready to change the world with us?

Income Disclaimer Statement
The Financial Rewards Program is an exciting opportunity Dzyned to reward you for your success. As we are all unique and different, everyone’s results will vary. Any and all claims or representations, as to income earnings, from ByDzyne or within the program are not to be considered average earnings or can be used as an indication of your future success or results. Monetary and income results are based on many factors, within and outside of your control, including economic factors, business & sales skills, quality of time, dedication, work ethic, and leadership applied to this business. Some will perform well above average earning a substantial income, while others will perform below average and some may not earn any income at all. ByDzyne does not guarantee or imply any specific income earnings, results, or success. If you rely upon our examples and information; you must accept the risk of not doing as well as the examples provided.