7/18/2023 0 Comments Cutting out the middleman exampleIt seems to me that anybody can get into this business. One can only imagine the referrals an advisor could get from happy customers. I can see a huge repeat clientele and large individual purchases. Being a style advisor could be a big opportunity for individuals who are great at sales and self-motivated. Consumers have the convenience of online or in person service and they save money. What I find interesting about the new e-commerce enterprise is that it could be a great opportunity for both consumers and the advisors. The New York Times article reports savings of 40% on similar items from retail stores. Hilburn pays the style advisors a commission, not a salary. For shirts men can select from 14 different collars, 10 cuffs and 5 types of pockets. The style advisor brings fabric samples with them for customers to select from. They are also offering a service where you can meet with one of their style advisors who will come to your place or work or home to measure you for tailored - bespoke - clothes which are then made in their factories in China or Portugal. They are offering ready-to-wear clothes you can order online. There was a very interesting article in the New York Times today on a new start up e-commerce website targeting the men's luxury market, J. Faculty CBPP UAA Alaska Education.Online tailors deliver big savings for consumers Disintermediaries and Reintermediaries by E-Business. Issues In Disintermediation In The Real Estate. Real estate brokers and sellers might be at risk from the black side of the market, which could also be a dark side of the economic world and need governmental regulation of the industry. Customers and sellers now have more power over the distribution of economic gains that may otherwise have gone to the market intermediaries or to the sophisticated and connected dealmakers of financial markets, thanks to the release of information from attorneys’ control. As a result, real estate agents, appraisers and brokers who serve as intermediaries have a tougher time finding employment since their service no longer relevant because the seller has a better option to sell their property and thus shifts power from the intermediaries to the customers. Since the estate may be sold through social media, it will be easier for the seller and they won’t have to pay the intermediaries’ fee, increasing the efficiency of the sale process. When conditions were more transparent, buyers were able to save money since they no longer had the option of searching the property and had more options to pick from in the real estate transaction. Buyers and sellers often contact the real estate market in order to gather information and negotiate the sale of a property. The real estate market is a good illustration of how disintermediation works. Buyers may also choose to purchase wholesale goods via B2C e-commerce companies, which are meant to link buyers and sellers. Buyers may save money by purchasing directly from the manufacturers rather than via wholesalers and retailers, thereby avoiding the middleman. Due to increased market transparency, many customers choose to purchase directly from the manufacturer or distributor rather than via a third-party intermediary such as a broker or middleman. Also, in other sectors, disintermediation occurs when a business decides that eliminating the middlemen would boost its profits. It is also a concept that emphasizes cost savings, which is a competitive advantage that can be gained by eliminating the payment made to the middlemen, and more information from customers directly, which might help organizations make a better long-term decision. By cutting out the reseller and selling straight to customers, vendors may get their products to customers quicker and more conveniently, which is another way of defining “disintermediation.” Disintermediation also means cutting out a middleman, like in the example above. In a commercial context, disintermediation refers to reducing or eliminating the middlemen who stand in the way of direct transactions between two parties. By Richard Rinaldo Konggoasa, NIM : 2301884141
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