The Convoy Business Model – How Does Convoy Work & Make Money?

Executive Summary: Convoy is a freight brokerage platform that facilitates bookings between shippers (that need to transport goods) and carriers with available loads. Contrary to traditional freight brokers that still rely on manual processes (e.g. telephone, email or faxes), Convoy utilizes software to automatically match shippers and carriers. The business model of Convoy is based … Read more

Seven Characteristics of a Good Product Manager

“Hard things are hard because there are no easy answers or recipes. They are hard because your emotions are at odds with your logic. They are hard because you don’t know the answer and you cannot ask for help without showing weakness.” Ben Horrowitz Let’s face it: Product Management is tough. Really tough. You must … Read more

The Flexport Business Model – How Does Flexport Work & Make Money?

Executive Summary Flexport is a digitally enabled freight forwarder that helps other businesses to transport and store goods across the globe. Contrary to traditional freight forwarders, Flexport relies on software to aid the shipment process, allowing their customers to gain more transparency. The business model of Flexport is based on various services around the shipment … Read more

The Wish Business Model – How Does Wish Work & Make Money?

Executive Summary: Wish is a mobile-first e-commerce platform that connects interested buyers with international sellers (mainly from China). The app utilizes an algorithmic feed along with different psychological “tricks” to boost sales. Founded in 2011 by two former Computer Science students, Wish’s primary mode of income is the commission they receive for every successful sale … Read more