7 Lessons from Confucius for Ecommerce Businesses

7 Lessons from Confucius for Ecommerce Businesses

July 4, 2018 11:01 pm

Knowledge, private or company, has not modified a lot in 2,500 years, or so it will appear. Confucius, the traditional Chinese language thinker and politician, has a lot to show us about working an ecommerce enterprise.

Confucius — Kong Qiu — was born in about 551 B.C.E. He served in authorities. He edited or wrote 5 of the classics of Chinese language literature. And he based a philosophical motion.

Confucius's sayings may have implications for modern ecommerce businesses. <em>Image: Wikipedia.</e

Confucius’s sayings might have implications for contemporary ecommerce companies. Picture: Wikipedia.

His philosophy is predicated on widespread sense, Chinese language custom, and morality. Confucius can also be infinitely quotable. And it was, the truth is, a few of his quotes that impressed this text. Let me clarify.

Lately, I learn “Reinvent Your self,” a 2017 guide by James Altucher. A number of chapters are dedicated to making use of quotes or behaviors from enterprise leaders, political leaders, and even Superman to non-public, skilled, or company progress.

Altucher’s method prompted me to consider quotes which have impressed me. These embrace seven from Confucius.

Classes from Confucius

“Research the previous when you would outline the longer term.” Your ecommerce journey could seem distinctive. However there's nonetheless rather a lot you possibly can study from others in our business.

Twice a yr, I sit down with the marketing administrators and managers of about forty brick-and-click on retailers to debate what’s working and what's not. We train one another the way to be higher leaders, managers, and innovators.

Research retail and ecommerce day by day. Learn articles, look at case research, take heed to podcasts, and join with friends and rivals.

“Success relies upon upon earlier preparation, and with out such preparation, there's positive to be failure.” Ecommerce requires planning and protracted execution. To function a standard retail ecommerce enterprise, you probably want to put buy orders months prematurely — forecasting demand and gross sales.

Clothes consumers buy winter items in June and spring items in October. Equally, nice ecommerce marketing plans can require weeks or months of preparation.

“When it's apparent that your objectives can't be reached, don’t regulate your objectives, modify the actions.” I paraphrased this one just a little. However the concept stays the identical. You’ve presumably set objectives in your ecommerce enterprise, akin to gross sales targets or the variety of stock gadgets.

Regardless, there'll doubtless be occasions when it turns into clear you gained’t hit your goal should you keep in your current course. You possibly can select to overlook the objective, or you possibly can select to take further actions.

“It doesn’t matter how slowly you go so long as you don’t cease.” “Entrepreneurship just isn't the glamorous profession path it’s been made out to be,” wrote Steve Tobak, a administration advisor, in an Entrepreneur article.

“It’s not about huge concepts and beliefs. It’s not about hopes and goals. It’s not about guts and glory. It’s not even about invention and innovation. And it’s definitely not a few seek for fame and fortune.

“Greater than something, entrepreneurship is a recreation of attrition. It’s about having the willpower, the self-discipline, and the money to see it by means of. It’s about not giving up and being the final man or lady standing when everybody else has fallen by the wayside.”

“The one that strikes a mountain begins by carrying away small stones.” Ecommerce success might are available a number of varieties, however, in my expertise, it’s the results of doing many small issues properly.

“‘One small step for a person, one big leap for mankind.” When Neil Armstrong walked on the moon and spoke these phrases, it was transformative. It was something however “one” or “small.”

“Executing that first profitable mission to the moon was composed of hundreds, and perhaps even tens of millions, of small steps and victories,” wrote Stephanie Breedlove, co-founding father of Care.com, in a StartupNation article. “An enormous leap of this magnitude doesn't occur in a single day; nor does it occur with broad strokes of effort. It’s the identical for profitable leaps in entrepreneurship. They're all the time composed of many small steps and little victories.”

“Higher a diamond with a flaw than a pebble with out.” We might all hope our ecommerce operations are good, flawless gems. We would like our platform to perform completely. We would like each order to be shipped on time and arrive simply as anticipated. We would like each buyer interplay to be the absolute best. However that isn't actuality.

Fairly often ecommerce entrepreneurs expertise flaws, issues, and workarounds. Nevertheless it’s higher these than no enterprise in any respect.

“He who won't economize should agonize.” In April of this yr, Enterprise Insider reported that brick-and-mortar retail companies have been submitting for chapter in document numbers. Some pundits blame the rise of ecommerce. However finally it was lack of money that killed these corporations.

If you would like your ecommerce enterprise to be a hit, spend lower than you earn.

“The perfect time to plant a tree is 20 years in the past. The second greatest time is now.” Whereas this saying is usually attributed to Confucius, it's extra possible a common Chinese language proverb that feels like one thing he would say. I’ll name it a half lesson. If you want to change your ecommerce enterprise — and even launch a brand new one — do it in the present day.

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