Ecommerce Supply & Demand

#EcomChat on Monday 19th September will discuss “Ecommerce Supply & Demand”.

“The law of supply states that the quantity of a good supplied (i.e., the amount owners or producers offer for sale) rises as the market price rises, and falls as the price falls. Conversely, the law of demand (see demand) says that the quantity of a good demanded falls as the price rises, and vice versa.”

As the ‘supply’ of products in ecommerce is not governed by location so much as physical retail, how does “Supply & Demand” impact ecommerce companies?

As ever: there will be 3 conversation starter questions and anyone is welcome to join in using the #EcomChat hashtag on Twitter.

Here are the 3 questions:

1. How does the concept of ‘Supply & Demand’ apply to ecommerce?
2. What can retailers do from a marketing point of view to make use of this?
3. How can retailers understand where there is demand for their products, or for new products?

Join us at 1pm UK time on Monday and do share this post either on Twitter or via email with anyone you think would be interested.

Thanks, Dan & James.

p.s. If you’re wondering “what’s this about?” there is a page explaining all just here.