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American Animation Film Producer
American Animation Film Producer
Online sales drop with reopening of physical stores
2 min
The reopening of the economy in early April has slwoed down e-commerce sales. According to the portuguese fintech euPago, which specializes in payment services, online sales in the Portuguese market fell by 25% in June, compared to March this year.
The sharp drop in e-commerce can be explained by the end of many restrictive measures on the freedom of movement and operation of physical stores, namely those operating in shopping centres, which allowed the Portuguese to resume some of their traditional consumption habits.
The survey, which sampled 200 customers from different areas of the e-commerce business revealed an abrupt decline in business volume, with effects on all payment methods, including the ATM payments, which represent approximately 85% of the transaction volume of these customers.
Even so, MB Way, an online payment method used in Portugal, which saw a 13% drop in the number of transactions between March and June this year, continues to be the fastest growing payment method in Portugal (about 10% per month).
The month of August showed signs of a promising recovery for almost all businesses in the digital sector. Taking into account the data verified in the first days of the month, the turnover of these customers is expected to reach 40 million euros (8 million more than in June) and the number of transactions to increase by around 40%.
In a typical year, the month of September tends to register a 10% increase compared to August, driven by the end of vacations and the return to school. If this behavior is confirmed, traders will earn 50% more than in June, a significant growth in just 3 months, essential to mitigate the effects of the pandemic on the Portuguese economy and on traders.
The sharp drop in e-commerce can be explained by the end of many restrictive measures on the freedom of movement and operation of physical stores, namely those operating in shopping centres, which allowed the Portuguese to resume some of their traditional consumption habits.
The survey, which sampled 200 customers from different areas of the e-commerce business revealed an abrupt decline in business volume, with effects on all payment methods, including the ATM payments, which represent approximately 85% of the transaction volume of these customers.
Even so, MB Way, an online payment method used in Portugal, which saw a 13% drop in the number of transactions between March and June this year, continues to be the fastest growing payment method in Portugal (about 10% per month).
The month of August showed signs of a promising recovery for almost all businesses in the digital sector. Taking into account the data verified in the first days of the month, the turnover of these customers is expected to reach 40 million euros (8 million more than in June) and the number of transactions to increase by around 40%.
In a typical year, the month of September tends to register a 10% increase compared to August, driven by the end of vacations and the return to school. If this behavior is confirmed, traders will earn 50% more than in June, a significant growth in just 3 months, essential to mitigate the effects of the pandemic on the Portuguese economy and on traders.
Empreendedor.com
Empreendedor.com is the leading entrepreneurship magazine in Portugal. Empreendedor is an information project that aims to inform and develop cooperation between individuals and or...
If you can dream it
You can make it happen!
You can make it happen!
BE INSPIRED!
- Discover People
- Learn New Skills
- Find New Markets
- Digitize Your Business
It’s fine to celebrate success, but it is more important to heed the lessons of failure
Bill Gates
American Businessman
American Businessman
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CONNECT!
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Success is empty if you arrive at the finish line alone. The best reward is to get there surrounded by winners
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AI will not replace you.
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Whatever the mind can conceive and believe, the mind can achieve
Napoleon Hill
American Author (1883-1970)
American Author (1883-1970)
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We went to the moon.
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American Businessman
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We went to the moon.
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CONNECT!
- Make Connections
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Your most unhappy customers are your greatest source of learning
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American Businessman
American Businessman
Everybody should
learn how to code.
It teaches how to think!
learn how to code.
It teaches how to think!
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Motivation is what gets you started. Habit is what keeps you going
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American Entrepreneur
American Entrepreneur
AI will not replace you.
A person using AI will!
A person using AI will!
BE INSPIRED!
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Don’t start a business unless it’s an obsession and something you love. If you have an exit strategy, it’s not an obsession
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American Businessman
American Businessman
AI can be a tool or a competitor
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CONNECT!
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Care about your team
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and they will care about your business.
CONNECT!
- Make Connections
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In a world that’s changing really quickly, the only strategy that is guaranteed to fail is not taking risks
Mark Zuckerberg
CEO Facebook(Meta)
CEO Facebook(Meta)
Care about your team
and they will care about your business.
and they will care about your business.
BE IN CONTROL!
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- No Advertisement
- Monitor Everything
In a world that’s changing really quickly, the only strategy that is guaranteed to fail is not taking risks
Mark Zuckerberg
CEO Facebook(Meta)
CEO Facebook(Meta)
Earth, water & air are finite
We need reusability!
We need reusability!
BE INSPIRED!
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Whatever the mind can conceive and believe, the mind can achieve
Napoleon Hill
American Author (1883-1970)
American Author (1883-1970)
AI will not replace you.
A person using AI will!
A person using AI will!
CONNECT!
- Make Connections
- Present Yourself
- Generate New Leads
- Make Partnerships
I have no special talents. I am only passionately curious
Albert Einstein
German-born Theoretical Physicist
German-born Theoretical Physicist
If you can dream it
You can make it happen!
You can make it happen!
BE INSPIRED!
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In the world of business, the people who are most successful are those who are doing what they love
Warren Buffett
American Business Investor
American Business Investor
Care about your team
and they will care about your business.
and they will care about your business.
CONNECT!
- Make Connections
- Present Yourself
- Generate New Leads
- Make Partnerships
The best way to predict the future is to create it
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Austrian-American Consultant
Austrian-American Consultant
Thinking about quiting?
Don't! You're not allowed.
Don't! You're not allowed.
BE INSPIRED!
- Discover People
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Education is the great engine to personal development
Nelson Mandela
If you can dream it
You can make it happen!
You can make it happen!
BE IN CONTROL!
- Own All Your Data
- Control Your Activities
- No Advertisement
- Monitor Everything
Whatever the mind can conceive and believe, the mind can achieve
Napoleon Hill
American Author (1883-1970)
American Author (1883-1970)
Earth, water & air are finite
We need reusability!
We need reusability!
BE IN CONTROL!
- Own All Your Data
- Control Your Activities
- No Advertisement
- Monitor Everything
The function of leadership is to produce more leaders, not more followers
Ralph Nader
Build your empire, but
never stop being kind!
never stop being kind!
BE IN CONTROL!
- Own All Your Data
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- Monitor Everything
The best way to predict the future is to create it
Peter Drucker
Austrian-American Consultant
Austrian-American Consultant
AI can be a tool or a competitor
Wich one will you choose?
Wich one will you choose?
BE IN CONTROL!
- Own All Your Data
- Control Your Activities
- No Advertisement
- Monitor Everything
In the world of business, the people who are most successful are those who are doing what they love
Warren Buffett
American Business Investor
American Business Investor
Care about your team
and they will care about your business.
and they will care about your business.
BE IN CONTROL!
- Own All Your Data
- Control Your Activities
- No Advertisement
- Monitor Everything
I have not failed. I’ve just found 10,000 ways that won’t work
Thomas Edison
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