If Zuckerberg ran your economy, it would look a lot like this
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In Bangladesh, there is no Amazon. There is no eBay. If you want to buy a dress or a crested finch from the comfort of your home, you have to use Facebook.
- From discovery to delivery, this whole process happened on Facebook.
- In the absence of giant online marketplaces like Amazon, thousands of bespoke Facebook pages and groups have been created to meet customer demand for ornaments, apparel, cosmetics, mobile accessories, and, of course, birds.
- By and large, these Facebook stores are usually window fronts for click-and-order shopping.
- The rise of F-commerce has also inadvertently ushered in more-direct models of customer engagement, moving away from impersonal help pages and suggestion boxes.
- In Bangladesh, sellers go on Facebook Live to promote items, respond to questions, and take instant orders. Some products attract larger crowds than others.
- F-commerce emerged in Bangladesh largely because there was no major e-commerce platform to absorb all the business.
- Apart from transporting goods, logistics firms such as eCourierz, ShopUp, and Paperfly are also responsible for collecting cash from consumers and transferring it to merchants.
- the sector has exploded in recent years and is currently valued at $400 million. Paperfly is one of the bigger players: it has already partnered with over 3,500 Facebook sellers and delivers to all 64 administrative districts of Bangladesh.
- “If Amazon were to enter, they could wipe out the market,” said Paperfly cofounder Razibul Islam.
- on Facebook, that same seller has a number of ways to distinguish themself: they might share pictures of ripening fruit, hold livestreams to discuss their seasonal haul, or market their produce through targeted ads. Bolstering all this are the word-of-mouth referrals, which carry serious weight in Bangladesh.
- The downside of such an informal system is that it also leads to the proliferation of scams.
- @restofworld
Curators Are the New Creators
- There are an average of 550 new social media users each minute
- over 40,000 search queries on Google every second.
- The Facebook like button has been pressed 13 trillion times
- Each new day welcomes another 682 million tweets.
- The real scarcity isn’t content anymore. It’s attention.
- The Browser is a daily newsletter from someone who reads 1,000 articles a day, choosing his five favorites and sending them out with a short summary.
- As it turns out, there’s some psychological ground to all of this.
- It’s clear that curating content within a particular niche can be an incredible way to build an audience and add value.
What Google Learned From Its Quest to Build the Perfect Team
- Study groups have become a rite of passage at M.B.A. programs, a way for students to practice working in teams and a reflection of the increasing demand for employees who can adroitly navigate group dynamics.
- To prepare students for that complex world, business schools around the country have revised their curriculums to emphasize team-focused learning.
- ‘‘We’re living through a golden age of understanding personal productivity,’’
- In Silicon Valley, software engineers are encouraged to work together, in part because studies show that groups tend to innovate faster, see mistakes more quickly and find better solutions to problems.
- Studies also show that people working in teams tend to achieve better results and report higher job satisfaction.
- In a 2015 study, executives said that profitability increases when workers are persuaded to collaborate more.
- Five years ago, Google — one of the most public proselytizers of how studying workers can transform productivity — became focused on building the perfect team.
- unsurprisingly, good communication and avoiding micromanaging is critical
- Project Aristotle’s researchers began by reviewing a half-century of academic studies looking at how teams worked.
or just watch this video
4 Instagram ‘micro’ influencers explain how much money they charge brands for
sponsorships
- they were often low-balled with compensation and sometimes only offered “gifting” or free product in exchange for content.
- One method two micro influencers said they used to combat this was setting standard rates they charge for sponsored content as a starting point for brand negotiations.
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Better Article (No Pay)
- Instagram stars with less than 5,000 followers reveal the details of specific marketing campaigns.
Work As Hard As You Can
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Even though what you work on and who you work with are more important
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No matter how high your bar is, raise it
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Nobody really works 80 hours a week
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Inspiration is perishable
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Impatience with actions, patience with results. If I discover a problem in one of my businesses, I won’t sleep until the resolution is at least in motion.