1 00:00:04,980 --> 00:00:08,700 welcome to the e-commerce podcast with me, your host, Matt Edmundson, 2 00:00:09,150 --> 00:00:14,250 the e-commerce podcast is all about helping you deliver e-commerce. 3 00:00:14,310 --> 00:00:14,940 Wow. 4 00:00:15,360 --> 00:00:20,910 Now I am super, super excited with today's guest, who is Jessie, Ryan from comedian. 5 00:00:21,150 --> 00:00:24,720 But before I get into my conversation with Jesse, one of the things. 6 00:00:25,165 --> 00:00:28,525 We're starting to do is give a shout out to past guests and episodes, 7 00:00:28,765 --> 00:00:31,945 just so you, dear listener, know what we've talked about in the past, 8 00:00:31,945 --> 00:00:35,695 because we are getting a lot of new subscribers to the show at the moment. 9 00:00:35,995 --> 00:00:40,345 Uh, and given that we are talking about should use sell 10 00:00:40,405 --> 00:00:42,985 on multiple online marketplaces. 11 00:00:43,015 --> 00:00:44,305 It's a bit of a mouthful title. 12 00:00:44,305 --> 00:00:44,635 Isn't it. 13 00:00:45,535 --> 00:00:45,835 Today. 14 00:00:45,835 --> 00:00:49,305 I thought it would be great to mention Lauren Gonzalez who. 15 00:00:49,860 --> 00:00:55,890 Did a great conversation, a weather's on how to leave Amazon and how to 16 00:00:55,890 --> 00:00:57,930 set up your own website and brand. 17 00:00:57,930 --> 00:00:59,130 That was an awesome episode. 18 00:00:59,130 --> 00:00:59,400 A story. 19 00:00:59,400 --> 00:00:59,880 Remember that? 20 00:01:00,060 --> 00:01:04,110 Definitely check out my conversation with Lauren and the other podcasts you 21 00:01:04,110 --> 00:01:08,250 want to check out with is with my fellow Brit Mike Jones, uh, who talked to us 22 00:01:08,250 --> 00:01:13,590 about how to marry your business to, to a strategy and the money will follow. 23 00:01:13,770 --> 00:01:15,240 That was a great conversation. 24 00:01:15,945 --> 00:01:17,565 Being ex special forces. 25 00:01:17,565 --> 00:01:19,395 So, uh, do check it out. 26 00:01:19,425 --> 00:01:23,505 Now, this episode is brought to you by the e-commerce cohort, which helps you 27 00:01:23,505 --> 00:01:26,264 deliver e-commerce well to your customers. 28 00:01:26,565 --> 00:01:27,764 What's the cohort. 29 00:01:27,824 --> 00:01:31,514 I hear you say, well, it's a brand new thing now. 30 00:01:31,544 --> 00:01:34,574 I'm sure you've come across a bunch of folks stuck with 31 00:01:34,574 --> 00:01:35,925 their e-commerce businesses. 32 00:01:36,195 --> 00:01:39,645 Maybe it's yourself, or maybe, uh, you've got siloed. 33 00:01:39,645 --> 00:01:42,664 Like I did into working on just one or two. 34 00:01:43,600 --> 00:01:46,600 Of your e-commerce business and miss the big picture. 35 00:01:46,839 --> 00:01:52,750 Well, enter the e-commerce cohort to solve this particular problem. 36 00:01:52,960 --> 00:01:53,560 Oh yes. 37 00:01:53,800 --> 00:01:58,630 Uh, the cohort is a lightweight membership group with guided monthly sprints, 38 00:01:58,960 --> 00:02:04,000 that cycle through all the key areas of e-commerce the sole purpose of the 39 00:02:04,030 --> 00:02:09,009 e-commerce cohort is to provide you with clear, actionable jobs to be done. 40 00:02:09,009 --> 00:02:12,500 So you'll know what to work on and get the support. 41 00:02:13,350 --> 00:02:15,420 To what you need to get it done. 42 00:02:15,450 --> 00:02:17,250 I've no idea what was going to say that, but to get the 43 00:02:17,250 --> 00:02:18,540 support you need to get it done. 44 00:02:18,810 --> 00:02:23,070 So whether you are just starting out in e-commerce or if like me you've been 45 00:02:23,070 --> 00:02:27,990 around for a while, a well established e-commerce, uh, uh, as, as I like to call 46 00:02:27,990 --> 00:02:30,930 them, e-commerce, uh, then check it out. 47 00:02:30,930 --> 00:02:32,580 I definitely want to encourage you to check it out. 48 00:02:32,580 --> 00:02:33,060 Just head over to. 49 00:02:33,740 --> 00:02:39,590 Www dot e-commerce cohort.com for more information, you're 50 00:02:39,590 --> 00:02:40,820 not going to want to miss it. 51 00:02:41,190 --> 00:02:44,330 It's gearing up for its founding member launch. 52 00:02:44,330 --> 00:02:47,630 So if you've got any questions, uh, that the website doesn't answer. 53 00:02:47,660 --> 00:02:50,660 Well, just email me directly at Matt at e-commerce podcast.net. 54 00:02:50,690 --> 00:02:51,740 We'd love to hear from you. 55 00:02:52,040 --> 00:02:53,870 Uh, it's something that we're super proud of here. 56 00:02:53,870 --> 00:02:57,140 So yes, definitely check that out. 57 00:02:59,025 --> 00:03:03,465 Jesse is the co-founder and managing director of e-commerce Helion. 58 00:03:03,675 --> 00:03:11,385 He helps online retailers and D to C brands navigate the E commerce jungle. 59 00:03:11,445 --> 00:03:13,965 I love that phrase, navigate the e-commerce jungle. 60 00:03:14,205 --> 00:03:18,345 Now with a particular focus on marketplaces and international expansion. 61 00:03:18,675 --> 00:03:24,435 Jesse helps online sellers to determine which marketplace in which country, 62 00:03:24,735 --> 00:03:26,565 uh, offers the best opportunity. 63 00:03:27,060 --> 00:03:28,980 For them into expansion. 64 00:03:28,980 --> 00:03:34,020 So if you've ever thought about selling a broad, uh, in a country, which is not 65 00:03:34,020 --> 00:03:39,240 native to you, check them out, the great guys, uh, with the help of the very clever 66 00:03:39,450 --> 00:03:43,740 IE chameleon, software and team, Jesse uses his expertise to help implement 67 00:03:43,740 --> 00:03:49,680 scalable market place, expansion plans for experienced and novice sellers. 68 00:03:50,195 --> 00:03:54,995 Uh, like just as mission is to make it as easy as possible for online sellers to 69 00:03:54,995 --> 00:03:57,304 expand their business into new markets. 70 00:03:57,635 --> 00:04:02,315 Because when business grows everyone benefits. 71 00:04:02,345 --> 00:04:03,245 Yes it does. 72 00:04:03,274 --> 00:04:08,734 Which is why we're going to have a fantastic conversation on how to get 73 00:04:08,734 --> 00:04:12,875 your e-commerce business into multiple marketplaces, into multiple countries. 74 00:04:13,055 --> 00:04:15,245 Some of the tips and tricks Jesse has learned, you're 75 00:04:15,245 --> 00:04:16,024 not going to want to miss it. 76 00:04:16,055 --> 00:04:16,404 Don't go. 77 00:04:17,670 --> 00:04:18,120 Awesome. 78 00:04:18,630 --> 00:04:23,400 So, Jesse, thank you for joining me on this week's e-commerce podcast. 79 00:04:23,490 --> 00:04:25,890 Uh, whereabouts in the world are you sir? 80 00:04:26,790 --> 00:04:27,480 Thanks for having me. 81 00:04:27,540 --> 00:04:31,740 Uh, I am in Leipzig in the oldest of Germany and Leipzig. 82 00:04:31,920 --> 00:04:33,720 You don't sound like you're from Leipzig. 83 00:04:35,055 --> 00:04:37,635 No, no, I'm, I'm, uh, I'm English. 84 00:04:38,505 --> 00:04:39,765 I've come by way of Australia. 85 00:04:40,995 --> 00:04:41,805 You have to forgive me. 86 00:04:42,015 --> 00:04:44,145 I still speak with a little bit of a tweaking every now and then. 87 00:04:44,745 --> 00:04:47,955 And I was there for five years, but I'm originally from, from wheelchair. 88 00:04:48,135 --> 00:04:49,935 So wheelchair Australia Leipzig. 89 00:04:50,745 --> 00:04:51,075 Yes. 90 00:04:51,285 --> 00:04:54,465 That's a, that's a heck of a journey to get to, uh, east 91 00:04:54,465 --> 00:04:55,965 Germany or the old east Germany. 92 00:04:57,075 --> 00:04:58,275 Are you enjoying it over there? 93 00:04:59,265 --> 00:05:01,665 Yeah, so far I've been here just coming up on seven years. 94 00:05:01,965 --> 00:05:03,285 So it's. 95 00:05:04,515 --> 00:05:05,685 It's a beautiful city. 96 00:05:05,985 --> 00:05:08,985 It's it's a little bit like what Berlin was in the nineties. 97 00:05:09,795 --> 00:05:13,035 You got a really nice sort of arts and music scene. 98 00:05:13,245 --> 00:05:18,525 Great nightlife when pre COVID quite nightlife, um, and, uh, a 99 00:05:18,525 --> 00:05:22,665 beautiful inner city, but it's also one of Jeremy's greenest cities. 100 00:05:22,665 --> 00:05:24,495 So there's lots of parks and lots of nature. 101 00:05:25,665 --> 00:05:29,355 And yeah, it's also a really calls every call tech scene here. 102 00:05:29,355 --> 00:05:30,915 Lots of startups. 103 00:05:31,005 --> 00:05:32,355 So it's a nice place to be. 104 00:05:32,505 --> 00:05:33,315 Very good. 105 00:05:33,435 --> 00:05:34,094 Very good. 106 00:05:34,425 --> 00:05:37,635 And I, I'm assuming, uh, if you've been there seven years, your 107 00:05:37,635 --> 00:05:38,985 German is pretty, pretty recently. 108 00:05:40,600 --> 00:05:42,400 It's a lot better now than it was when I landed. 109 00:05:43,900 --> 00:05:47,810 I still had my GCSE job and I could count to 20 and I could tell people I had a cat. 110 00:05:50,800 --> 00:05:51,700 That's really funny. 111 00:05:52,000 --> 00:05:53,710 I can still tell now I'm 13. 112 00:05:53,900 --> 00:05:54,270 Yeah. 113 00:05:54,730 --> 00:05:59,410 Which is the last time most of the German GCSE German. 114 00:05:59,410 --> 00:06:00,190 Doesn't get you far into. 115 00:06:00,794 --> 00:06:02,294 No, no, no, no. 116 00:06:02,294 --> 00:06:03,405 That was my experience. 117 00:06:03,854 --> 00:06:07,784 I remember I used to work a lot actually with a German company a few years ago and 118 00:06:07,784 --> 00:06:13,794 we'd go to Germany on a regular basis and, um, And, uh, loved it, loved the people. 119 00:06:13,794 --> 00:06:17,185 And fortunately they, for me, they spoke fairly good English because my 120 00:06:17,215 --> 00:06:22,495 German sort of extended to being able to order a beer, uh, and get directions. 121 00:06:22,495 --> 00:06:25,284 And as long as those directions was go straight down this road and 122 00:06:25,284 --> 00:06:26,935 take the first left, I was okay. 123 00:06:29,604 --> 00:06:31,195 That's that's generally how it worked. 124 00:06:31,615 --> 00:06:33,775 So what do you do in, in Leipzig? 125 00:06:33,775 --> 00:06:34,315 What's your date? 126 00:06:35,795 --> 00:06:40,535 Uh, so I I'm co-founder and managing director at the chameleon. 127 00:06:40,805 --> 00:06:43,025 Um, so I take care of. 128 00:06:44,159 --> 00:06:46,260 Most of the commercial side of the business. 129 00:06:46,289 --> 00:06:52,469 So sales, marketing partnerships dealing with investors. 130 00:06:53,190 --> 00:06:56,549 My business partner, Edward is the genius behind the show. 131 00:06:56,640 --> 00:06:58,919 Um, his PhD is. 132 00:07:00,230 --> 00:07:01,880 Something to do with data science. 133 00:07:02,000 --> 00:07:06,170 And, uh, he's, he's been applying that specifically to marketplaces since 2007. 134 00:07:06,170 --> 00:07:09,380 So he's, he's the technical genius behind it. 135 00:07:09,380 --> 00:07:12,500 And he heads up the product development and making sure that we've got a 136 00:07:12,500 --> 00:07:15,800 good product on the market and I'm responsible for making sure that 137 00:07:15,800 --> 00:07:17,930 we've got people to find a new user. 138 00:07:18,140 --> 00:07:18,320 Wow. 139 00:07:18,770 --> 00:07:23,420 Well, and so, um, so it chameleon was born, uh, and, 140 00:07:23,540 --> 00:07:25,460 um, just a quick elevator pitch. 141 00:07:25,460 --> 00:07:27,830 Just tell people what you chameleon does. 142 00:07:29,865 --> 00:07:36,195 We are, we, we try to be a complete solution for product data. 143 00:07:36,645 --> 00:07:38,085 For online sales channels. 144 00:07:38,115 --> 00:07:41,955 Our specific focus is marketplaces because they tend to be the most complex 145 00:07:41,955 --> 00:07:43,755 part when it comes to product data. 146 00:07:44,414 --> 00:07:47,055 Um, and what I mean by that is things like titles, bullet points, 147 00:07:47,055 --> 00:07:50,685 descriptions, um, attribute values, like color size material. 148 00:07:50,685 --> 00:07:53,174 When you, when you haven't a product that you're trying to sell online, 149 00:07:54,015 --> 00:07:57,375 obviously you have to provide a lot of information about it and the channel 150 00:07:57,375 --> 00:07:58,544 where you're trying to sell it. 151 00:07:59,354 --> 00:08:02,804 Specifically marketplaces, but every channel has its own requirements 152 00:08:02,804 --> 00:08:03,674 about how you can do that. 153 00:08:03,674 --> 00:08:06,765 How long has a title allowed to be, you know, Do, are you allowed to 154 00:08:06,765 --> 00:08:10,664 call the product dark blue or is it Royal blue or Navy blue Marine 155 00:08:10,695 --> 00:08:13,695 or Marine blue and then obviously different languages come into play. 156 00:08:13,695 --> 00:08:18,495 And so, um, when you start dealing with a lot of products and sometimes across 157 00:08:18,495 --> 00:08:22,484 a lot of categories and you want to then sell those on a lot of marketplaces 158 00:08:22,844 --> 00:08:27,680 in a lot of countries, It becomes very hard to stay on top of all of that work. 159 00:08:27,920 --> 00:08:32,230 Uh, and, and so he chameleon reduces that workload. 160 00:08:32,230 --> 00:08:36,310 We, we automate a lot with, we automate the things which can be automated 161 00:08:36,310 --> 00:08:38,020 without sacrificing the data quality. 162 00:08:38,470 --> 00:08:42,310 Uh, and then we try and make it easy to you understand how to create 163 00:08:42,310 --> 00:08:45,730 data for a specific channel without the user having to understand 164 00:08:45,730 --> 00:08:46,890 specifically how that channel. 165 00:08:47,760 --> 00:08:51,990 Okay, so, and this is what we're going to get into now is like, um, should 166 00:08:51,990 --> 00:08:58,170 we sell on, uh, online in multiple marketplaces, through multiple channels? 167 00:08:59,355 --> 00:09:02,564 And I'm thinking, you know, we have a wide range of listeners on the show. 168 00:09:02,564 --> 00:09:07,035 We have guys just starting out in e-commerce and if that's you awesome. 169 00:09:07,095 --> 00:09:08,535 Welcome to the welcome to the team. 170 00:09:08,895 --> 00:09:10,425 Uh, uh, welcome to the family. 171 00:09:10,425 --> 00:09:10,814 Should I say? 172 00:09:10,965 --> 00:09:14,925 And we have people that maybe have been around a while and maybe do do, um, 173 00:09:15,405 --> 00:09:17,325 some sales through different channels. 174 00:09:17,385 --> 00:09:19,965 Maybe they use software like channel advisor, or they've come across 175 00:09:19,965 --> 00:09:20,865 things like this in the past. 176 00:09:21,525 --> 00:09:27,045 Um, so let's start with the sort of the basics, um, and let's get fundamental. 177 00:09:28,215 --> 00:09:33,285 If I'm thinking about this, what, what do you mean when we talk 178 00:09:33,285 --> 00:09:35,295 about different market places? 179 00:09:35,295 --> 00:09:36,675 What, what, what is that? 180 00:09:38,205 --> 00:09:43,755 Um, marketplaces the word marketplace is these days quite often used synonymously 181 00:09:43,755 --> 00:09:50,685 with Amazon and it, especially for most e-commerce retailers have a very 182 00:09:50,685 --> 00:09:53,745 technical, have a very easy technical solution for selling on Amazon mode, 183 00:09:53,775 --> 00:09:57,165 whether it's Magento, Brightpearl big commerce, Shopify, pretty much. 184 00:09:58,125 --> 00:10:04,155 Website or every a website provider or platform, however you want to call it has 185 00:10:04,155 --> 00:10:07,665 a technical connection to allow a seller to advertise their products on Amazon. 186 00:10:08,235 --> 00:10:12,735 Um, that technical connection is only one part of the puzzle, because 187 00:10:13,275 --> 00:10:16,605 let's say you've got a title on your website, which is 250 characters long, 188 00:10:16,605 --> 00:10:20,685 but for a specific category on Amazon, you're only allowed 150 characters. 189 00:10:21,780 --> 00:10:22,920 You then have to decide, okay. 190 00:10:22,920 --> 00:10:27,180 Do I let this technical connection chop the end of my title or do I now 191 00:10:27,180 --> 00:10:28,949 write a specific title for Amazon? 192 00:10:29,250 --> 00:10:30,420 And now I have two titles in my school. 193 00:10:31,575 --> 00:10:37,545 So, so a marketplace then, uh, is where I'm currently selling. 194 00:10:37,545 --> 00:10:41,595 So if I'm selling with my Shopify site somewhere I'm selling into versus call 195 00:10:41,595 --> 00:10:46,605 it the web, um, and then I have the option to also sell the same products 196 00:10:46,665 --> 00:10:49,635 on Amazon, which would be a different marketplace or a different channel. 197 00:10:52,395 --> 00:10:55,725 I think, uh, the way that I try to sort of differentiate it is I 198 00:10:55,725 --> 00:10:59,225 would say that sellers are typically familiar with platforms, but 199 00:10:59,235 --> 00:11:00,135 like I listed a few just before. 200 00:11:01,460 --> 00:11:05,590 On a platform, the seller themselves is responsible for generating. 201 00:11:06,795 --> 00:11:07,935 On a marketplace. 202 00:11:08,625 --> 00:11:13,245 The, I would differentiate, I would define the marketplace as the channel, which 203 00:11:13,565 --> 00:11:17,085 is the channel, which is responsible, responsible for generating the traffic. 204 00:11:17,475 --> 00:11:19,965 And the seller only has to advertise their products, right? 205 00:11:19,995 --> 00:11:20,565 I'm with you. 206 00:11:20,595 --> 00:11:22,395 So Amazon has a captured market already. 207 00:11:22,395 --> 00:11:23,895 That's why you want to sell on Amazon. 208 00:11:23,955 --> 00:11:26,265 You know, they've already got a whole bunch of people going to their 209 00:11:26,265 --> 00:11:30,585 platform, so you don't have to deal with Amazon to get them to sell 210 00:11:30,585 --> 00:11:31,845 your product over your competitor. 211 00:11:32,355 --> 00:11:34,905 Kind of thing, what you have to do is differentiate yourself. 212 00:11:34,935 --> 00:11:35,595 Yeah. 213 00:11:35,625 --> 00:11:36,495 So that's the channel. 214 00:11:36,525 --> 00:11:38,175 Um, so that's how you differentiate that. 215 00:11:38,175 --> 00:11:38,745 And I like that. 216 00:11:38,745 --> 00:11:40,215 And that's how you differentiate platforms. 217 00:11:40,215 --> 00:11:42,675 So on that platform, your Shopify platform, you have to go 218 00:11:42,675 --> 00:11:44,324 generate the traffic on Amazon. 219 00:11:44,324 --> 00:11:49,515 You don't, you have to figure out how to get at the top of the queue on Amazon. 220 00:11:49,935 --> 00:11:57,295 Um, so what are the, um, I guess one of the questions is how do marketplaces then 221 00:11:57,295 --> 00:11:59,815 create value for e-commerce businesses. 222 00:11:59,815 --> 00:12:02,455 So I get that there are these different marketplaces out there. 223 00:12:02,965 --> 00:12:05,755 Um, how does that create value for me, especially if I'm 224 00:12:06,025 --> 00:12:06,955 listening to you talk about. 225 00:12:07,694 --> 00:12:11,295 All the different marketplaces, going to have all kinds of different rules and sets 226 00:12:11,295 --> 00:12:12,704 and things that I need to think about. 227 00:12:13,935 --> 00:12:16,365 Um, I think one of the biggest, one of the biggest ways that it's going to 228 00:12:16,365 --> 00:12:20,625 create value is exactly what we just talked about with the captured market. 229 00:12:20,715 --> 00:12:24,074 Every, every marketplace will generally already have an audience. 230 00:12:24,704 --> 00:12:30,255 Um, the idea there is to go where your buyers are already shopping. 231 00:12:30,405 --> 00:12:33,855 Now, if a buyer is already aware of your brand or your, or your 232 00:12:33,885 --> 00:12:36,675 business, Of course, they probably already coming to your website. 233 00:12:36,705 --> 00:12:38,865 However, they've discovered it, whether they know it from a brick and 234 00:12:38,865 --> 00:12:41,715 mortar store, and then they go to your online shop or whether they've seen 235 00:12:41,715 --> 00:12:45,015 it on a Facebook ad or wherever else that they already know your business. 236 00:12:45,314 --> 00:12:47,745 You've got those, you've got those customers, they're yours. 237 00:12:47,745 --> 00:12:50,625 You can put them into a marketing sequences and, 238 00:12:50,625 --> 00:12:51,824 and, and keep them as yours. 239 00:12:52,890 --> 00:12:56,400 Marketplaces that you find new buyers where they're already shopping now. 240 00:12:56,790 --> 00:13:00,360 Um, Amazon love it or hate it. 241 00:13:00,449 --> 00:13:03,270 Um, has a very large market share. 242 00:13:03,510 --> 00:13:06,000 There's a number of buyers that will exclusively buy on Amazon because 243 00:13:06,000 --> 00:13:08,699 they pay for a prime membership or they expect to get the, you know, 244 00:13:08,760 --> 00:13:09,810 they're just familiar with it. 245 00:13:09,870 --> 00:13:11,880 It's, it's a very easy customer experience. 246 00:13:12,510 --> 00:13:13,790 There are other buyers who. 247 00:13:14,819 --> 00:13:18,270 Either because they're anti Amazon, or perhaps because they are simply 248 00:13:18,270 --> 00:13:21,569 looking for more niche products, they will go to other marketplaces, whether 249 00:13:21,569 --> 00:13:24,900 it's Etsy for sort of more homemade products, or maybe they're going to. 250 00:13:25,665 --> 00:13:31,875 Um, for DIY products or, uh, maybe the mango, which is a German marketplace 251 00:13:31,875 --> 00:13:35,865 specifically catered for, for like young, their target market is like young mothers. 252 00:13:36,045 --> 00:13:38,444 So there's lots of homemade products and baby products and things. 253 00:13:38,775 --> 00:13:41,745 Um, and so if you're, if you're looking for a particular product, a lot of 254 00:13:41,745 --> 00:13:46,515 buyers will go specifically to a certain channel to shop around rather 255 00:13:46,515 --> 00:13:49,335 than going to a brand, especially if you haven't yet discovered your brand. 256 00:13:49,935 --> 00:13:55,135 Now, when that buyer finds your product on the market, In an ideal world, they'll 257 00:13:55,145 --> 00:13:57,745 be so happy with it that the next time they want to buy your product, you're 258 00:13:57,745 --> 00:13:59,065 going to go directly to your website. 259 00:13:59,575 --> 00:14:02,305 And that's when you can then capture that buyer, you get their email address, you're 260 00:14:02,305 --> 00:14:04,675 allowed to keep their data, and then you can carry on staying in touch with them. 261 00:14:05,365 --> 00:14:08,215 And that's actually a fair point because that's probably, I mean, 262 00:14:08,215 --> 00:14:12,415 I get the advantage or the value, um, uh, for an e-commerce business 263 00:14:12,415 --> 00:14:15,655 of trading on platforms like Etsy and Amazon and so on and so forth. 264 00:14:15,685 --> 00:14:17,075 If that's the right marketplace fit. 265 00:14:17,770 --> 00:14:21,339 Well, what you're doing, which we're going to get into, but I guess one of 266 00:14:21,339 --> 00:14:26,829 the disadvantages is, um, certainly with Amazon, it's their customer it's 267 00:14:26,829 --> 00:14:28,469 that they keep the email address. 268 00:14:28,489 --> 00:14:30,760 You don't, you don't get that information, right. 269 00:14:30,760 --> 00:14:34,420 Is that, is that true of most marketplaces? 270 00:14:34,420 --> 00:14:38,619 And is that perhaps the key disadvantage of trading on different marketplaces? 271 00:14:39,250 --> 00:14:42,040 Um, Amazon, Amazon are extremely protective of their customers. 272 00:14:43,155 --> 00:14:44,805 Not every marketplace is the same. 273 00:14:44,805 --> 00:14:48,075 There, there there's two sides to this coin because there's the legal side. 274 00:14:48,525 --> 00:14:51,735 For example, if you're selling, if you're fulfilling to a consumer, to 275 00:14:51,735 --> 00:14:55,515 an Amazon customer yourself, you do get their name, their address, their 276 00:14:55,515 --> 00:14:59,175 email address, or an email address at which to reach which to contact them. 277 00:14:59,775 --> 00:15:02,355 You're supposed to delete it after a certain amount of time because of GDPR. 278 00:15:03,135 --> 00:15:08,445 Um, other marketplaces are less fussy about. 279 00:15:09,690 --> 00:15:13,470 Amazon, for example, don't allow you to put things in the box that would, 280 00:15:14,010 --> 00:15:17,910 would attempt to get the buyer to go to your website and Amazon control 281 00:15:17,910 --> 00:15:22,140 that they will order items from you and have people check what's in the box. 282 00:15:22,740 --> 00:15:24,390 Other marketplaces don't do that as much. 283 00:15:24,420 --> 00:15:27,870 Now this is one of the great things about non-Amazon marketplaces is 284 00:15:28,440 --> 00:15:33,090 they know they're not Amazon and they do a lot to make it easy for 285 00:15:33,090 --> 00:15:34,290 sellers to sell on their plan. 286 00:15:35,220 --> 00:15:38,939 And they generally speaking most non-Amazon marketplaces. 287 00:15:38,939 --> 00:15:40,230 See it as more of a partnership. 288 00:15:41,670 --> 00:15:44,490 They are more catered towards the seller than to the buyer. 289 00:15:44,550 --> 00:15:49,949 Now you can obviously debate a lot about whether or not that's the right 290 00:15:49,949 --> 00:15:53,250 way to go, because one of the things that makes Amazon great, or what 291 00:15:53,250 --> 00:15:55,829 makes Amazon successful, I should say is their focus on the buyer. 292 00:15:56,910 --> 00:16:01,980 Uh, you know, we've all seen Jeff Bezos's flywheel, um, But non-Amazon 293 00:16:01,980 --> 00:16:06,090 marketplaces that focus on the seller, make it very easy for the seller to 294 00:16:06,090 --> 00:16:11,250 sell that because they know that this seller won't generate the same amount 295 00:16:11,250 --> 00:16:12,810 of revenue as they do on Amazon. 296 00:16:13,439 --> 00:16:17,250 So what they need to do is they need to make it easy for them to generate 297 00:16:17,250 --> 00:16:20,310 any revenue there so that they continue to sell that because without 298 00:16:20,310 --> 00:16:23,400 the products they won't then get the buyers, which attracts more sellers. 299 00:16:24,615 --> 00:16:25,995 Yeah, that's interesting. 300 00:16:26,205 --> 00:16:26,835 That's interesting. 301 00:16:27,075 --> 00:16:32,085 So there are marketplaces out there that will work more as a partnership with you. 302 00:16:32,415 --> 00:16:40,405 Um, absolutely than, than Amazon and I guess, um, marketplaces, um, 303 00:16:43,439 --> 00:16:45,270 I'm sitting here and I'm thinking, well, this all sounds great. 304 00:16:45,270 --> 00:16:47,610 You know, you've got all these different channels and you reeled off a few 305 00:16:47,610 --> 00:16:51,750 and the obvious ones are Amazon Etsy, if it's sort of homemade type stuff. 306 00:16:51,750 --> 00:16:56,310 And, uh, when you mentioned, um, uh, mango lamb, is that right? 307 00:16:56,800 --> 00:16:58,180 Yeah, the mango in Germany. 308 00:16:58,360 --> 00:17:01,810 And I also mentioned Manno Manto, which is a DOA marketplace. 309 00:17:01,990 --> 00:17:02,890 How many? 310 00:17:03,160 --> 00:17:06,040 I don't know if you know the answer, how many marketplaces are there 311 00:17:06,040 --> 00:17:07,300 out there for me to think about. 312 00:17:09,375 --> 00:17:11,625 It D there's both niche. 313 00:17:11,835 --> 00:17:16,035 So product category specific and generalist marketplaces, there 314 00:17:16,035 --> 00:17:18,615 isn't really an answer to how many there are, because the, one 315 00:17:18,615 --> 00:17:22,214 of the things that's happened, especially since post a post COVID. 316 00:17:23,145 --> 00:17:27,944 Um, it was already a trend before COVID, but it's definitely become a thing now 317 00:17:27,974 --> 00:17:34,335 since 2020 many established e-commerce stores and now becoming marketplaces. 318 00:17:35,235 --> 00:17:37,245 So I mentioned the product. 319 00:17:38,370 --> 00:17:39,750 It is what attracts buyers. 320 00:17:40,290 --> 00:17:45,630 And if your, for example, um, uh, German, another German example 321 00:17:45,630 --> 00:17:47,460 is a business called Galleria. 322 00:17:47,720 --> 00:17:52,020 They are kind of the German version of like a house of Fraser and 323 00:17:52,140 --> 00:17:55,920 they had the, you know, a company like this or media market, which 324 00:17:55,920 --> 00:17:57,000 is like the German version of. 325 00:17:58,815 --> 00:18:00,585 When they're thinking, how do we get more buyers? 326 00:18:00,794 --> 00:18:01,185 They think what? 327 00:18:01,185 --> 00:18:02,385 We need to offer more products. 328 00:18:02,475 --> 00:18:05,445 We need to expand our, expand our range, have more categories, have more 329 00:18:05,445 --> 00:18:07,004 products within the existing categories. 330 00:18:07,455 --> 00:18:10,875 Um, how do we do that quickly and effectively? 331 00:18:10,875 --> 00:18:13,485 Well, if we go and just buy a bunch more products, we've got a massive cash 332 00:18:13,485 --> 00:18:17,794 outlay and realistically, we're just another seller offering the same products. 333 00:18:17,794 --> 00:18:18,675 So how do we differentiate? 334 00:18:19,935 --> 00:18:22,005 It's very hard for them to do that and very expensive. 335 00:18:22,035 --> 00:18:25,065 The easy way to do it is to open the doors to their established 336 00:18:25,065 --> 00:18:28,155 website that already gets traffic because it's a well-known brand. 337 00:18:28,695 --> 00:18:31,335 And, and, you know, in, in Germany media market, it's the place to go for 338 00:18:31,335 --> 00:18:33,345 electronics, just like Curry's PC world. 339 00:18:33,795 --> 00:18:37,725 Um, they opened the doors and they let other sellers advertise 340 00:18:37,725 --> 00:18:38,475 their products on their own. 341 00:18:40,290 --> 00:18:42,750 And those sellers benefit from the captured audience at that. 342 00:18:43,080 --> 00:18:48,240 Now marketplace has, um, the marketplace gets to see that the traffic, they 343 00:18:48,240 --> 00:18:50,910 get to see which products are doing well, which categories are doing well. 344 00:18:50,910 --> 00:18:55,890 They get the customer information shortly and you get 15% on average of the sale. 345 00:18:55,920 --> 00:18:58,230 They keep their commission and the seller obviously keeps. 346 00:18:59,250 --> 00:19:02,310 The proceeds of the sale for them, although the majority of it. 347 00:19:02,820 --> 00:19:06,330 Um, but it's a very quick way for them to expand their product range. 348 00:19:06,330 --> 00:19:09,480 And so to answer your question, there's new marketplaces popping up 349 00:19:09,510 --> 00:19:13,140 all the time and there's technology now specifically developed to help 350 00:19:13,830 --> 00:19:16,170 make this transition seamless. 351 00:19:16,710 --> 00:19:18,720 So there's companies which exist yesterday, which are 352 00:19:18,720 --> 00:19:19,680 now suddenly a marketplace. 353 00:19:20,940 --> 00:19:25,320 Um, and it means that there's forever more opportunities to 354 00:19:25,320 --> 00:19:26,700 be selling on marketplaces. 355 00:19:27,390 --> 00:19:28,590 That's a really interesting thought. 356 00:19:28,590 --> 00:19:31,650 I mean, I, I get as an e-commerce business owner, I would want to 357 00:19:31,650 --> 00:19:34,800 sell onto the marketplaces and find the channels to sell at. 358 00:19:34,920 --> 00:19:37,770 Um, I get that it's not all sunshine and rainbows that there 359 00:19:37,770 --> 00:19:40,830 are some pros and cons to doing this that I have to think through. 360 00:19:41,820 --> 00:19:46,830 But I'd never actually thought, um, on one of my established business websites 361 00:19:46,830 --> 00:19:51,750 to become a marketplace itself to say, right, actually, if you want to sell on 362 00:19:51,750 --> 00:19:54,060 our website, you can, these are our terms. 363 00:19:54,060 --> 00:19:55,350 We're going to take 15% off. 364 00:19:56,175 --> 00:20:00,075 Um, you're going to fulfill it or whatever the specific ones of the marketplace are. 365 00:20:00,795 --> 00:20:02,865 That's a really interesting idea. 366 00:20:02,865 --> 00:20:07,245 And I can see why, why, why you say since post COVID, a lot of people 367 00:20:07,245 --> 00:20:11,025 have now started to look at this as a, as a real sort of possibility. 368 00:20:11,685 --> 00:20:13,335 And it's who. 369 00:20:14,835 --> 00:20:17,055 The idea is who or who is it, that's actually doing that. 370 00:20:17,055 --> 00:20:19,395 And it's a lot of the established household names. 371 00:20:19,395 --> 00:20:24,075 It's the brick and mortar businesses that have a well-known presence within a 372 00:20:24,075 --> 00:20:29,295 country or within a region, um, that had to pivot to a more of an e-commerce model. 373 00:20:29,295 --> 00:20:32,295 Some of them were further along in that process than others. 374 00:20:32,325 --> 00:20:34,815 Some of them are just pure play brands. 375 00:20:35,295 --> 00:20:39,255 Um, some of them are more traditional retailers, but either way they 376 00:20:39,255 --> 00:20:40,725 had to do something to try and. 377 00:20:41,700 --> 00:20:43,590 Survive through, through the pandemic. 378 00:20:43,650 --> 00:20:48,060 And it's a step that a lot of them have taken and are doing quite well with. 379 00:20:48,360 --> 00:20:48,720 Yeah. 380 00:20:49,140 --> 00:20:51,780 And it's something I think there is demand for as well, because you know, we're in 381 00:20:51,780 --> 00:20:54,930 a, we're in a day and age when Amazon gets a lot of negative press and there, 382 00:20:54,960 --> 00:21:00,720 there is a, a large number of the buying population who actively avoid buying on 383 00:21:00,720 --> 00:21:04,470 Amazon and they need somewhere else to go. 384 00:21:05,670 --> 00:21:06,480 Yeah, no, they do. 385 00:21:06,720 --> 00:21:07,560 And I, and you're right. 386 00:21:07,590 --> 00:21:09,930 I think, and there are more and more of these sort of niches 387 00:21:10,320 --> 00:21:11,520 sort of popping up online. 388 00:21:11,520 --> 00:21:15,210 So to take your example of, um, I mean, it seems an obvious platform where it's 389 00:21:15,210 --> 00:21:18,270 an issue it's homemade, it's, it's a niche there where I would automatically 390 00:21:18,270 --> 00:21:21,360 think to go to if that's the kind of product that I want more so than that. 391 00:21:21,909 --> 00:21:22,450 I'm guessing. 392 00:21:22,990 --> 00:21:26,139 And I, I'm going to assume that if I'm in a various different niche 393 00:21:26,170 --> 00:21:30,399 niche, and I'm, I'm pretty keyed up in that area, I will know what those 394 00:21:30,399 --> 00:21:31,870 marketplaces off of that nation. 395 00:21:31,879 --> 00:21:33,790 I'm going to be much more inclined as a customer. 396 00:21:33,790 --> 00:21:37,780 I'm guessing to go and buy from those marketplaces because they're going 397 00:21:37,780 --> 00:21:39,220 to be much more tailored products. 398 00:21:39,610 --> 00:21:40,750 I'll get the community. 399 00:21:40,750 --> 00:21:41,740 The community will get me. 400 00:21:41,740 --> 00:21:42,879 The values will be the same. 401 00:21:43,240 --> 00:21:47,110 Um, I can see the, I can see the benefits of that. 402 00:21:47,409 --> 00:21:49,240 Um, okay. 403 00:21:49,240 --> 00:21:54,855 So, uh, I quite liked that, that little rabbit trail there of, uh, and as you, 404 00:21:54,975 --> 00:21:57,795 as you were talking, actually have companies such as net marketplaces. 405 00:21:57,825 --> 00:22:03,105 Um, the one example that came to mind is next here in the UK, um, next have done it 406 00:22:03,425 --> 00:22:07,065 and they sell an awful lot more on their website than they do in their stores now. 407 00:22:07,335 --> 00:22:10,185 Um, and being BNQ have just announced they're gonna do it as well. 408 00:22:10,245 --> 00:22:10,635 Right. 409 00:22:11,085 --> 00:22:11,445 Okay. 410 00:22:11,535 --> 00:22:20,115 Um, so there's, it's really happening and I think, um, Another another very relevant 411 00:22:20,115 --> 00:22:23,715 factor to, to these companies, which are building out marketplaces is, as I said, 412 00:22:23,985 --> 00:22:27,795 their role is to now make it easy for people to start selling on these channels. 413 00:22:28,725 --> 00:22:33,045 Um, so even this, this is probably less relevant for your listeners who, for small 414 00:22:33,045 --> 00:22:35,715 businesses, but perhaps for some of the larger ones or, or businesses with larger 415 00:22:35,715 --> 00:22:41,205 inventories, just because a marketplace has a niche doesn't necessarily mean that 416 00:22:41,205 --> 00:22:43,035 they intend to always have that niche. 417 00:22:44,280 --> 00:22:48,240 Case and point is if you go into being cute and as we're being Q store, 418 00:22:48,540 --> 00:22:54,480 you've got products from the garden center to hardware to pats, you might 419 00:22:54,570 --> 00:22:56,460 think of being Q as a hardware store. 420 00:22:56,490 --> 00:22:56,700 Yeah. 421 00:22:57,360 --> 00:22:59,190 But they still sell products in other categories. 422 00:22:59,190 --> 00:23:01,980 Now, if you were to go to a marketplace or if you see a marketplace and 423 00:23:01,980 --> 00:23:02,760 you know that it's a good one. 424 00:23:03,794 --> 00:23:06,044 But you think maybe it's not relevant for you? 425 00:23:06,165 --> 00:23:09,945 There's no reason that you, as a seller, can't reach out to the partner, to the 426 00:23:09,945 --> 00:23:12,554 team at that marketplace specifically, and just say, Hey, look, I've got 427 00:23:12,585 --> 00:23:14,445 150,000 skews in this category. 428 00:23:14,985 --> 00:23:15,615 Want to sell them? 429 00:23:15,735 --> 00:23:16,064 Yeah. 430 00:23:16,754 --> 00:23:18,975 If you can get a technical connection that works well between the two and 431 00:23:18,975 --> 00:23:21,314 it's, you know, you maybe do a little bit of investment in the biggest. 432 00:23:22,185 --> 00:23:26,985 To get that, to get those listings live there suddenly you're the only seller 433 00:23:27,195 --> 00:23:29,115 on that marketplace in that category. 434 00:23:29,865 --> 00:23:31,425 And you know, that that marketplace gets traffic. 435 00:23:31,425 --> 00:23:34,485 And if somebody is going on there to buy a box of screws and sees it jumper 436 00:23:34,485 --> 00:23:39,764 with a guy with holding a hammer on it or something that's, you know, slightly 437 00:23:39,764 --> 00:23:43,094 relevant or even, you know, you can be clutching at straws there, but 438 00:23:43,094 --> 00:23:46,034 it's about having your product shown where your buyers are already looking. 439 00:23:47,399 --> 00:23:48,030 That's really good. 440 00:23:48,719 --> 00:23:52,350 Well, Jesse, I have several questions now going through my head. 441 00:23:52,469 --> 00:23:55,560 I'm like, uh, well, how do I get started? 442 00:23:55,560 --> 00:23:58,620 How do I find these marketplaces and how do I make it work? 443 00:23:58,620 --> 00:24:02,010 So we're going to get into those questions right after we have heard 444 00:24:02,010 --> 00:24:03,780 from this week's show sponsors. 445 00:24:04,500 --> 00:24:07,860 Hey, there, are you a business owner here at orient digital? 446 00:24:07,860 --> 00:24:11,669 We know firsthand that running an e-commerce business can be really hard. 447 00:24:12,630 --> 00:24:14,850 As the online space gets more competitive. 448 00:24:14,910 --> 00:24:17,910 It is becoming even more challenging to stay ahead of the curve. 449 00:24:18,120 --> 00:24:19,260 We totally get it. 450 00:24:19,440 --> 00:24:23,400 So we want to help you succeed by offering a wide range of services from 451 00:24:23,400 --> 00:24:28,230 fulfillment marketing, customer service, and even coaching and consulting, just 452 00:24:28,230 --> 00:24:32,370 so that you can do what matters most, save yourself the time and the money, 453 00:24:32,370 --> 00:24:34,530 and let us handle the day to day tasks. 454 00:24:34,860 --> 00:24:38,430 This way you can run your business without having to worry about the boring stuff. 455 00:24:38,820 --> 00:24:40,730 So what do you say, are we a good fit for you? 456 00:24:41,700 --> 00:24:45,360 Come check us out@oriendigital.com and let us know what you think. 457 00:24:53,940 --> 00:24:55,590 So I am back with Jesse. 458 00:24:55,620 --> 00:24:59,460 Uh, we're talking about marketplaces and channels, Jesse, I guess the big 459 00:24:59,460 --> 00:25:02,580 question for me, I'm listening to you talk and it's all very great. 460 00:25:02,610 --> 00:25:05,040 And my head is swimming with possibilities. 461 00:25:05,790 --> 00:25:06,750 Where do I start? 462 00:25:06,750 --> 00:25:09,690 How do I find these marketplaces? 463 00:25:09,690 --> 00:25:11,370 Because they're popping up all the time. 464 00:25:11,790 --> 00:25:13,379 What's the best way for me to get. 465 00:25:15,210 --> 00:25:16,440 There's a lot of ways. 466 00:25:16,500 --> 00:25:19,889 Um, you can either reach out if you know which marketplaces are there. 467 00:25:19,889 --> 00:25:21,810 You can always reach out directly to the marketplace. 468 00:25:22,050 --> 00:25:23,040 Most of them will have. 469 00:25:23,450 --> 00:25:27,120 And there's a good way of finding out if a website also offers a marketplace. 470 00:25:27,120 --> 00:25:30,360 If you, when you're looking on their website, pick control F to find and 471 00:25:30,360 --> 00:25:32,159 just type sell with or sell it on. 472 00:25:32,850 --> 00:25:35,850 And usually in the photo, there'll be some little bit hidden away that 473 00:25:35,850 --> 00:25:39,000 says, sell with us or sell on our marketplace or partner with us. 474 00:25:39,330 --> 00:25:41,070 And you can just look there and then that will take you 475 00:25:41,070 --> 00:25:42,300 to a form where you can apply. 476 00:25:42,930 --> 00:25:47,310 Um, Generally speaking with these larger marketplaces or. 477 00:25:48,510 --> 00:25:52,560 Any channel, which is either just transitioning to a marketplace or 478 00:25:52,720 --> 00:25:55,920 marketplaces, which have a little bit more clout, there is a bit more 479 00:25:55,920 --> 00:25:58,379 legwork involved in getting an account. 480 00:25:58,590 --> 00:26:03,360 Um, you know, oftentimes when you fill in that form on the website, you'll land 481 00:26:03,360 --> 00:26:06,000 in a queue somewhere, and it might be six months until you hear back from them. 482 00:26:06,000 --> 00:26:08,910 Because quite often, what will happen for all the reasons that I've just explained. 483 00:26:09,485 --> 00:26:12,905 There are professional marketplace sellers who will apply for these 484 00:26:13,355 --> 00:26:15,095 channels as soon as they possibly can. 485 00:26:15,755 --> 00:26:19,325 And it's often too much work for the marketplace before the team behind 486 00:26:19,325 --> 00:26:22,025 this new marketplace to get on top of. 487 00:26:22,085 --> 00:26:25,265 And so you'll often have, you know, maybe a team of five 488 00:26:25,295 --> 00:26:27,245 to 50 people at this company. 489 00:26:28,155 --> 00:26:29,925 Responsible for onboarding new sellers. 490 00:26:30,254 --> 00:26:31,455 And for them it's a new process. 491 00:26:31,455 --> 00:26:34,065 So there's often a lot of legwork involved trying to figure out how to do it. 492 00:26:34,065 --> 00:26:37,004 And so quite often, new sellers will get dumped into a, into a pool. 493 00:26:37,575 --> 00:26:41,085 And I mean, there are marketplaces where I've seen people sitting there waiting to 494 00:26:41,085 --> 00:26:43,274 open an account for two years sometimes. 495 00:26:43,905 --> 00:26:49,544 Uh, so honestly, I mean, it, it sounds, uh, I don't want to. 496 00:26:50,399 --> 00:26:51,840 Plug ourselves too much. 497 00:26:51,879 --> 00:26:53,850 This is an area where we then help people. 498 00:26:53,940 --> 00:26:57,030 Um, it doesn't necessarily mean that somebody has to take out our 499 00:26:57,040 --> 00:26:59,760 services, but we can at least kind of make the introduction and often 500 00:26:59,760 --> 00:27:02,909 going via virus service provider that already has an existing 501 00:27:02,909 --> 00:27:04,080 relationship with the marketplace. 502 00:27:05,695 --> 00:27:09,145 If that service provider introduces you as a seller, it's a good way to kind 503 00:27:09,145 --> 00:27:13,345 of get a foot in the door and kind of differentiate yourself from other sellers. 504 00:27:13,855 --> 00:27:14,365 Fair enough. 505 00:27:14,575 --> 00:27:15,355 That's fair enough. 506 00:27:15,835 --> 00:27:18,925 So there's, if I want to, I obviously there's going to be marketplaces that 507 00:27:18,925 --> 00:27:22,705 I know about those things and just be searching around that industry that 508 00:27:22,705 --> 00:27:26,245 needs trying to find who else is doing what, looking on people's websites. 509 00:27:26,245 --> 00:27:30,625 So with us, look for that phrase or similar, um, sell through as sell on 510 00:27:30,625 --> 00:27:33,415 is, uh, you know, those kinds of things. 511 00:27:35,160 --> 00:27:38,520 And then reaching out to them or using service platforms like yourself, 512 00:27:38,610 --> 00:27:43,200 uh, which can also help with that introduction just out of curiosity, your 513 00:27:43,200 --> 00:27:45,630 platform, that technical connection. 514 00:27:46,350 --> 00:27:49,500 Um, well, let me, let me take a step back for, I I've gone too far 515 00:27:49,500 --> 00:27:50,730 down my rabbit trail in my thought. 516 00:27:51,090 --> 00:27:52,890 Um, let me just take a step back. 517 00:27:53,730 --> 00:27:54,000 Sorry. 518 00:27:54,000 --> 00:27:54,570 I've got. 519 00:27:55,425 --> 00:27:59,835 Let's say a list of 10, 15 marketplaces that I think I can work with. 520 00:28:00,285 --> 00:28:04,965 Um, I get what you're saying in that I have now very quickly come up 521 00:28:04,965 --> 00:28:10,485 with a huge nightmare, uh, possible Jeremy sort of possible nightmare 522 00:28:10,485 --> 00:28:14,865 scenario, which says for every channel I want to promote my products on. 523 00:28:14,895 --> 00:28:19,455 I have to think about my products in the format that that channel wants those. 524 00:28:20,565 --> 00:28:21,045 Put in. 525 00:28:21,645 --> 00:28:24,645 And so you mentioned it earlier in our pre-call you were talking 526 00:28:24,645 --> 00:28:26,115 about, you take the color blue. 527 00:28:26,115 --> 00:28:29,865 For example, I sell a t-shirt in blue while on my platform, it might be 528 00:28:29,865 --> 00:28:34,545 called blue, but on Amazon, I might have to call it Royal blue and on Etsy, 529 00:28:34,545 --> 00:28:36,105 I might have to call it Navy blue. 530 00:28:36,105 --> 00:28:41,715 And I mean there's how, how do you even go about sort of. 531 00:28:43,635 --> 00:28:45,764 Working your way through that kind of thing. 532 00:28:46,125 --> 00:28:49,665 So what I mean, it it's like, it sounds good, but I, now I've got a 533 00:28:49,665 --> 00:28:53,084 big admin men nightmare on my hands and I know your software can help, but 534 00:28:53,175 --> 00:28:54,524 we'll come to your software in a sec. 535 00:28:54,705 --> 00:28:56,804 But what are some of the things I guess I need to think about? 536 00:28:58,004 --> 00:29:01,294 Um, I think another factor just to throw into the mix is also the, the 537 00:29:01,324 --> 00:29:04,155 language factor, because obviously whether it's dark blue, Royal blue, 538 00:29:04,155 --> 00:29:08,190 Navy, blue Marine, You've also got the German, the French Italian, the 539 00:29:08,190 --> 00:29:10,290 Spanish versions of those words. 540 00:29:10,350 --> 00:29:13,860 Um, and you know, it's going to be different between each marketplace in 541 00:29:13,860 --> 00:29:15,960 each, each category in each sub category. 542 00:29:16,530 --> 00:29:20,580 Uh, for example, on eBay in France, I think it's with men's shoes, you 543 00:29:20,580 --> 00:29:23,130 can use gray and with women's shoes, you have, you can call themselves. 544 00:29:23,730 --> 00:29:28,350 Um, and so it, it's very hard to stay on top of, and really the 545 00:29:28,470 --> 00:29:31,830 simplest way is to have some kind of product inventory management system, 546 00:29:32,160 --> 00:29:33,870 where per product you can have. 547 00:29:34,590 --> 00:29:39,360 Um, you can have that kind of overview of how we advertising this product. 548 00:29:39,389 --> 00:29:41,250 You know, how do we change it? 549 00:29:41,250 --> 00:29:42,330 What, what can we call it? 550 00:29:43,290 --> 00:29:46,080 Unfortunately, with most Penn systems, what happens is 551 00:29:46,080 --> 00:29:48,450 you do end up with per skew. 552 00:29:49,304 --> 00:29:52,274 If you imagine, for example, on Amazon, you know, in some categories 553 00:29:52,274 --> 00:29:56,655 you can provide up to 300 fields and a product of information. 554 00:29:57,165 --> 00:30:00,645 Uh, if you know, selling on multiple Amazons in multiple countries and multiple 555 00:30:00,645 --> 00:30:04,635 other marketplaces, it's very quick, it's very easy to quickly end up with 556 00:30:05,115 --> 00:30:09,975 hundreds, if not thousands or tens of thousands of columns in your pencils. 557 00:30:11,370 --> 00:30:13,440 How your product inventory management system, where you 558 00:30:13,440 --> 00:30:15,510 do then just have massive data. 559 00:30:15,510 --> 00:30:17,670 And it does become quite hard then to keep that overview. 560 00:30:17,760 --> 00:30:21,960 That's, that's something that we then try and solve, but really, uh, you 561 00:30:21,960 --> 00:30:24,690 can be quite clever with it where things like Excel sheets and look up 562 00:30:24,690 --> 00:30:29,010 lists, you know, you can say right, I'm going to call it blue, but I 563 00:30:29,010 --> 00:30:30,450 know that Amazon wants Royal blue. 564 00:30:30,930 --> 00:30:33,090 Um, you can do that with a lookup list. 565 00:30:33,480 --> 00:30:37,470 The problem then, then comes in that these values that are different 566 00:30:37,470 --> 00:30:38,760 per channel, they also change. 567 00:30:40,200 --> 00:30:43,650 We download nine gigabytes on average, about nine gigabytes of 568 00:30:43,650 --> 00:30:46,260 changes every week from Amazon alone. 569 00:30:46,980 --> 00:30:49,410 And it's, you know, it's often the smallest thing it takes. 570 00:30:49,410 --> 00:30:52,890 Sometimes it's just them correcting a typo, but sometimes it's something like 571 00:30:52,920 --> 00:30:58,890 changing, uh, the value from a capital R to a lowercase R or the other way around. 572 00:30:59,490 --> 00:31:03,030 And if you've got an old, old, uh, value that says, you know, this 573 00:31:03,030 --> 00:31:06,930 t-shirt's retro, uh, and it's written with a lowercase R and they now say it 574 00:31:06,930 --> 00:31:08,790 has to be retro with an application. 575 00:31:10,125 --> 00:31:12,405 That value won't be accepted anymore. 576 00:31:12,764 --> 00:31:15,764 So you do have to then stay on top of these changes as they happen. 577 00:31:17,685 --> 00:31:19,935 Well, uh, nine gigabytes have changed as well. 578 00:31:19,935 --> 00:31:23,595 I'm not surprised now, but I liked what you said. 579 00:31:23,725 --> 00:31:28,695 I guess if you're just starting out, if you're wanting to Dublin, the sheet can. 580 00:31:29,895 --> 00:31:34,185 Use something as simple as, um, Excel or Google sheets with the lookup function. 581 00:31:34,485 --> 00:31:34,605 Yes. 582 00:31:34,965 --> 00:31:38,175 And I, and I would really recommend to do it outside of the marketplace, no 583 00:31:38,175 --> 00:31:42,315 matter what system you use, um, you know, you don't have to pay for it if you're 584 00:31:42,315 --> 00:31:46,695 not at the point in the business where you can afford an expensive any, any 585 00:31:46,695 --> 00:31:50,985 kind of system, you know, even like a Penta, some don't have to be expensive. 586 00:31:51,945 --> 00:31:54,915 But you can use something free, like Excel or Google sheets, but just 587 00:31:54,915 --> 00:31:58,274 have your product data outside of the marketplace because, or outside of 588 00:31:58,274 --> 00:32:00,915 everything, even outside of Shopify, just have your own data center. 589 00:32:01,785 --> 00:32:03,615 Because at some point you will need it. 590 00:32:03,735 --> 00:32:09,645 And it amazes me that I still regularly talk to sellers who have no access 591 00:32:09,645 --> 00:32:13,215 to their own titles, bullet points, description, skews, EAMS prizes. 592 00:32:13,605 --> 00:32:16,125 Um, they just don't have a central place for that. 593 00:32:16,900 --> 00:32:18,610 And so that would be my big tip. 594 00:32:19,510 --> 00:32:19,780 Yeah. 595 00:32:19,780 --> 00:32:20,380 That's a good tip. 596 00:32:20,380 --> 00:32:22,690 Actually keeping your product data outside. 597 00:32:22,690 --> 00:32:25,210 And so something like a Google sheet, and then just pulling that 598 00:32:25,210 --> 00:32:30,150 data in from Google, through to your website or wherever, and 599 00:32:30,400 --> 00:32:31,450 there is a command, isn't it. 600 00:32:31,450 --> 00:32:34,210 And as you're talking, I'm going back in my head, over my Excel 601 00:32:34,210 --> 00:32:37,690 programming days, there is a command called V lookup or H lookup, which 602 00:32:37,690 --> 00:32:39,520 helps you figure these things out. 603 00:32:39,730 --> 00:32:43,870 Um, and so you can go to YouTube and just Google Excel lookup, and I think 604 00:32:43,870 --> 00:32:45,370 it works the same in Google sheets. 605 00:32:45,490 --> 00:32:45,940 Um, yeah. 606 00:32:46,920 --> 00:32:50,100 To sort of start to build your own mini PIM system. 607 00:32:50,310 --> 00:32:51,090 I like that pimp. 608 00:32:51,270 --> 00:32:52,830 So what does PM stand for again? 609 00:32:53,430 --> 00:32:55,650 PIM stands for product inventory management. 610 00:32:55,860 --> 00:32:59,340 Um, there's a lot of acronyms in e-commerce and especially when it 611 00:32:59,340 --> 00:33:02,910 comes to technology, because you also, you also can have, um, ERP enterprise 612 00:33:02,910 --> 00:33:06,990 resource planning and you can have, um, peds product inventory, data, 613 00:33:07,170 --> 00:33:13,575 uh, data servers, and, and, and, um, Tom and, um, oh, there's hundreds. 614 00:33:13,635 --> 00:33:17,025 There's there's so many of them are ETL is another good one extract transform load. 615 00:33:17,235 --> 00:33:20,805 Um, it just randomly making it words now. 616 00:33:21,105 --> 00:33:22,965 I think people, I think that's what I think that's what happens. 617 00:33:22,995 --> 00:33:25,815 Uh, I know we went through that phase with, as a, when we started out as 618 00:33:25,815 --> 00:33:28,995 a company, we're like, what, what are we, are we a pin are, or an ETL? 619 00:33:29,015 --> 00:33:32,985 Are we it's like, no, we're just going to say where he chameleon 620 00:33:34,965 --> 00:33:37,335 it's much, much more understandable. 621 00:33:37,665 --> 00:33:38,695 Uh I've I've heard. 622 00:33:39,295 --> 00:33:42,465 Like Q I've heard people use so many different acronyms. 623 00:33:42,585 --> 00:33:45,524 Um, we've gone into clients' places and we've chatted, you know, whenever 624 00:33:45,524 --> 00:33:48,075 we've done the coaching or consultant and they'll throw things out like PIM 625 00:33:48,135 --> 00:33:49,845 ERP, CRM, and all that sort of stuff. 626 00:33:49,845 --> 00:33:53,235 And I just, every time I have to stop and go, can you please describe. 627 00:33:54,225 --> 00:33:55,364 What you mean by that phrase? 628 00:33:55,364 --> 00:33:58,814 Because I know what I think it is, but I need to know what you think it 629 00:33:58,814 --> 00:34:02,864 is because I'm not convinced we will necessarily see eye to eye on everything. 630 00:34:02,864 --> 00:34:07,004 So, um, and it's funny, the amount of times people are going to, well, 631 00:34:07,004 --> 00:34:08,114 I don't actually know what it means. 632 00:34:08,114 --> 00:34:09,705 It's just the name. 633 00:34:09,705 --> 00:34:12,435 We call this bit of software over here and you're like, okay. 634 00:34:12,645 --> 00:34:12,884 Right. 635 00:34:12,884 --> 00:34:13,545 That's helpful. 636 00:34:13,545 --> 00:34:13,995 Thank you. 637 00:34:15,884 --> 00:34:16,335 So. 638 00:34:17,445 --> 00:34:17,715 Yeah. 639 00:34:17,715 --> 00:34:19,815 If there's anything else that we do on the e-commerce podcast is 640 00:34:19,815 --> 00:34:23,805 we do like to define acronyms, uh, because I think it's super helpful. 641 00:34:24,225 --> 00:34:25,065 So we've got our PEM. 642 00:34:25,065 --> 00:34:28,275 You can create one in Google sheets, you can go out and you can get, um, some 643 00:34:28,275 --> 00:34:30,675 system, uh, out there on the market. 644 00:34:32,805 --> 00:34:37,425 What I guess, how do I know? 645 00:34:37,785 --> 00:34:38,175 Right. 646 00:34:38,235 --> 00:34:42,405 That, um, that going into a different channel or marketplace is 647 00:34:42,405 --> 00:34:44,205 right for me as a, as a business. 648 00:34:46,335 --> 00:34:48,315 That's a, that's a big question. 649 00:34:48,405 --> 00:34:57,045 Um, realistically, if you want to succeed on marketplaces in general, there's 650 00:34:57,135 --> 00:35:02,205 a few ducks that you need to have in a row before you can do so once those 651 00:35:02,205 --> 00:35:10,005 ducks are in a row, you can sell on any marketplace and that's, that is that's. 652 00:35:10,695 --> 00:35:13,545 I think the more important question is how is, can I get those ducks in a row? 653 00:35:15,405 --> 00:35:18,075 Realistically, what you should be looking to do with a marketplace 654 00:35:18,075 --> 00:35:23,655 business is to build processes that allow you to put your, to test 655 00:35:23,655 --> 00:35:24,825 the waters in these new channels. 656 00:35:24,825 --> 00:35:26,205 Because one of the benefits, one of the great things about 657 00:35:26,205 --> 00:35:28,965 marketplaces is they're quick and easy to get, to start selling them. 658 00:35:28,965 --> 00:35:32,055 You know, if you, if you're thinking about expanding internationally, before 659 00:35:32,055 --> 00:35:35,475 you go and set up a local business entity and local fulfillment of your own and, 660 00:35:35,775 --> 00:35:38,565 you know, deal with everything that's involved with setting up a new country. 661 00:35:39,720 --> 00:35:41,940 You can instead just look for a marketplace that's in that country 662 00:35:41,940 --> 00:35:44,490 and already has a captive audience and just see how your products perform 663 00:35:44,490 --> 00:35:50,190 there and, um, by doing so you can, you can very quickly it's, it's like, 664 00:35:50,460 --> 00:35:52,140 it's almost like a form of AB testing. 665 00:35:52,530 --> 00:35:55,380 Um, you know, you can see if, if your products perform well 666 00:35:55,380 --> 00:35:57,060 in that chat, in that locale. 667 00:35:57,630 --> 00:36:00,660 And if they do, then you can take the step of potentially expanding their 668 00:36:00,660 --> 00:36:05,280 international needs properly, um, to figure out if a marketplace is going 669 00:36:05,280 --> 00:36:06,990 to be right for you realistically. 670 00:36:07,950 --> 00:36:12,959 I would say that most marketplaces are right for most businesses, as long as 671 00:36:12,959 --> 00:36:17,310 there's not a really obvious contrast, you know, you don't try and sell my product. 672 00:36:17,339 --> 00:36:18,810 I don't try and sell hardware products on that. 673 00:36:19,109 --> 00:36:24,720 How am I store or the one catered for, for babies and, and, um, you know, family, 674 00:36:24,720 --> 00:36:26,790 you're not going to, they're probably not interested in buying a box of screws. 675 00:36:27,569 --> 00:36:29,430 Um, but very true. 676 00:36:29,459 --> 00:36:29,640 Yeah. 677 00:36:30,330 --> 00:36:33,720 The, at the same time, your processes should allow you to very quickly. 678 00:36:34,635 --> 00:36:35,475 At new channels. 679 00:36:36,435 --> 00:36:39,855 What I mean by that is for a business that's already selling on Amazon. 680 00:36:39,945 --> 00:36:41,775 And there are businesses that are very successful on Amazon 681 00:36:41,775 --> 00:36:43,395 and sell exclusively on Amazon. 682 00:36:45,045 --> 00:36:49,155 They often discount other marketplaces because they're looking 683 00:36:49,155 --> 00:36:50,745 at it through the lens of Amazon. 684 00:36:50,835 --> 00:36:54,645 How ISO a hundred grand a month on Amazon. 685 00:36:56,055 --> 00:36:58,425 I know that on eBay, I'm only going to send, sell five grand. 686 00:36:58,425 --> 00:36:58,485 Yeah. 687 00:36:59,235 --> 00:37:00,195 Well 10 grand a month. 688 00:37:01,035 --> 00:37:02,895 That doesn't mean that eBay's not worth it. 689 00:37:02,895 --> 00:37:06,465 It doesn't mean that eBay's not worth only worth 10% of your time. 690 00:37:06,555 --> 00:37:09,345 What it means is that you should be looking for 10 other channels where you 691 00:37:09,345 --> 00:37:14,985 can also generate 10 grand a month and, and manage those with the same amount 692 00:37:14,985 --> 00:37:18,615 of effort and distribute your effort evenly across all of your channels. 693 00:37:18,645 --> 00:37:21,315 And then Amazon suddenly only 50% of your business and not a 694 00:37:21,315 --> 00:37:22,095 hundred percent of your business. 695 00:37:23,444 --> 00:37:25,725 Yeah, that's very wise, very, very wise. 696 00:37:26,025 --> 00:37:27,254 So what are these ducks? 697 00:37:27,375 --> 00:37:29,234 What are the ducks that I need to have in a row? 698 00:37:30,395 --> 00:37:37,775 Um, they are mainly surrounded by, uh, I would say logistics is a big one, 699 00:37:39,004 --> 00:37:42,365 making sure that, uh, that there's different options for logistics. 700 00:37:42,365 --> 00:37:44,045 You can look at Amazon's FBA. 701 00:37:44,970 --> 00:37:48,390 I don't personally write it, but highly it's good. 702 00:37:48,390 --> 00:37:51,600 If you're just on Amazon, as soon as you want to sell another channels, 703 00:37:51,720 --> 00:37:56,640 it causes issues because most other marketplaces don't want their buyers 704 00:37:56,670 --> 00:38:02,220 receiving boxes with Amazon branding on Amazon in America, they do offer plain 705 00:38:02,640 --> 00:38:08,160 box fulfillment, but even then Amazon is more channel fulfillment solution. 706 00:38:09,615 --> 00:38:10,305 Super cheap. 707 00:38:10,365 --> 00:38:12,615 You know, there's children, there's better options for three pills. 708 00:38:12,675 --> 00:38:16,875 Um, for third party logistics solutions, if you don't want to do it yourself, or if 709 00:38:16,875 --> 00:38:20,235 you're not capable of doing it yourself, I think there's both ends of the spectrum. 710 00:38:20,235 --> 00:38:25,575 Smaller sellers often don't have the capital or the, or the know how or the 711 00:38:25,575 --> 00:38:30,225 resources in general, to be able to have a good logistics solution and very large 712 00:38:30,225 --> 00:38:33,555 sellers, especially people are companies which have traditionally focused on B2B. 713 00:38:34,515 --> 00:38:36,165 They often can't handle B2C. 714 00:38:36,195 --> 00:38:40,125 You know, they're used to selling maybe 50,000 pounds worth of stock 715 00:38:40,155 --> 00:38:44,535 in one, go to one buyer and they'll send 10 pallets to that retail store. 716 00:38:44,625 --> 00:38:48,195 Um, so there's that, that problem exists on both ends of the scale, 717 00:38:48,195 --> 00:38:52,095 but if you can find a good three PL solution, uh, and you can just define 718 00:38:52,095 --> 00:38:55,155 three PO at the third party logistics. 719 00:38:56,985 --> 00:39:00,255 So for example, in the UK, um, GFS is a very good one. 720 00:39:00,375 --> 00:39:02,715 Um, very well, very experienced in dealing with marketplace. 721 00:39:03,600 --> 00:39:07,500 And the idea there is that you just say, Hey, let's throw a bunch of we'll 722 00:39:07,500 --> 00:39:09,390 throw X pallets, we'll store them. 723 00:39:09,390 --> 00:39:11,190 There we'll pay a small fee for storing the products. 724 00:39:11,190 --> 00:39:14,340 We'll pay them a small fee per product that they send to the buyer. 725 00:39:14,400 --> 00:39:17,640 But then you know, that that buyer will reliably get the product say 726 00:39:17,740 --> 00:39:21,810 next day or within a set time period that you can tell the marketplace. 727 00:39:21,810 --> 00:39:24,840 And this is the, this is where it becomes really important for marketplaces is 728 00:39:24,840 --> 00:39:28,110 you have to say to the marketplace, I need, when an order comes in, I need 729 00:39:28,380 --> 00:39:30,120 this much time to process the order. 730 00:39:30,300 --> 00:39:31,440 And this many days. 731 00:39:32,250 --> 00:39:35,520 To get the order from my warehouse to the end customer. 732 00:39:36,330 --> 00:39:39,210 And as long as you stick to that, you'll be fine. 733 00:39:39,870 --> 00:39:42,810 Obviously with, you know, this day and age, people will like 734 00:39:42,810 --> 00:39:43,710 to have next day delivery. 735 00:39:43,710 --> 00:39:44,670 They kind of expect it. 736 00:39:45,000 --> 00:39:47,580 Um, but as long as you're able to say, yeah, it's going to take two to three 737 00:39:47,580 --> 00:39:51,900 days, as long as it arrives within three days, you'll find if it arrives on the 738 00:39:51,900 --> 00:39:56,910 fourth day, either you will receive negative feedback or the marketplace 739 00:39:56,910 --> 00:40:01,230 will just suspend you or, you know, if it happens two to three, Okay. 740 00:40:01,260 --> 00:40:05,910 So deck number one is logistics, um, and having a good solution for that. 741 00:40:06,000 --> 00:40:11,100 Uh, what, what else would I need to think about, um, technology, having, having 742 00:40:11,100 --> 00:40:14,850 a, having a process in place, whether it's a Google sheet or something more, 743 00:40:14,980 --> 00:40:19,650 we talked a little bit about having that in place and having a way to efficiently 744 00:40:19,650 --> 00:40:25,230 create listings on all marketplaces and also including your own Shopify or 745 00:40:25,320 --> 00:40:27,210 Magento or whatever in that process. 746 00:40:28,230 --> 00:40:29,170 Um, and. 747 00:40:30,060 --> 00:40:31,200 Whether or not you include it. 748 00:40:31,260 --> 00:40:36,180 Um, for my perspective, product content is one of the most important things. 749 00:40:37,200 --> 00:40:37,560 Okay. 750 00:40:37,890 --> 00:40:38,880 What what'd you mean by that? 751 00:40:39,630 --> 00:40:41,790 Um, it can mean anything. 752 00:40:42,030 --> 00:40:44,910 So whether it's, whether it's debate, whether it's the argument of blue 753 00:40:44,910 --> 00:40:49,050 or Royal blue or Navy blue or dark blue, or whether it's a title, how 754 00:40:49,050 --> 00:40:52,890 you structure a title is very, is very different on different marketplaces. 755 00:40:53,370 --> 00:40:57,780 So again, you can do this in Excel with a concatenate cells, but you would want to. 756 00:40:58,620 --> 00:41:02,520 Really, what you should aim to do is to have your product in this PIM 757 00:41:02,529 --> 00:41:06,990 system that you build yourself or, or use an existing one, you should try 758 00:41:06,990 --> 00:41:08,520 and keep your data as granular as. 759 00:41:09,900 --> 00:41:13,350 So that you can reuse it in different ways because every marketplace has 760 00:41:13,350 --> 00:41:16,799 very different rules about how, how a listing should look auto in Germany. 761 00:41:16,799 --> 00:41:20,820 For example, you don't create a title, you send them different attribute, 762 00:41:20,820 --> 00:41:25,920 values, like material, color size, um, item, weight brand, and they 763 00:41:25,920 --> 00:41:28,920 will, depending on the category, the product is listed and they will create 764 00:41:28,920 --> 00:41:30,210 a title with a different structure. 765 00:41:31,035 --> 00:41:31,424 Okay. 766 00:41:31,485 --> 00:41:34,665 And some marketplaces, they don't allow you to include the brand name in 767 00:41:34,665 --> 00:41:37,815 the title because they will have the brand listed directly above the title. 768 00:41:37,815 --> 00:41:40,005 So they don't want it to say Nike, Nike men's shoes. 769 00:41:41,174 --> 00:41:46,185 Um, and so by having the product by getting the product content, right, 770 00:41:46,275 --> 00:41:49,935 you not only make sure that the marketplace algorithm will work for 771 00:41:49,935 --> 00:41:56,415 you, but you also ensure that you've very quickly add as many attribute 772 00:41:56,415 --> 00:41:57,915 values or items specifically. 773 00:41:58,620 --> 00:41:59,580 To your listings. 774 00:41:59,850 --> 00:42:03,089 And what that means is that when buyers start applying filters, 775 00:42:03,450 --> 00:42:06,390 your product stays in the ranking. 776 00:42:07,470 --> 00:42:10,830 Uh, so, you know, for example, if, if you've got a buyer that's looking for 777 00:42:10,830 --> 00:42:14,339 a pair of waterproof trousers and you don't have the item specific filled 778 00:42:14,339 --> 00:42:17,730 in that these trousers are waterproof, you will fall out of that search. 779 00:42:19,564 --> 00:42:22,444 So there's a lot of, and this is a guess where doc, number two, about 780 00:42:22,444 --> 00:42:24,995 technology is going to be really helpful because technology is 781 00:42:24,995 --> 00:42:26,134 going to help me get this content. 782 00:42:26,134 --> 00:42:26,404 Right. 783 00:42:26,404 --> 00:42:30,064 But just understanding that actually one of the, you've got to have the 784 00:42:30,064 --> 00:42:33,334 ability to create the right content for the marketplace at your own. 785 00:42:33,845 --> 00:42:35,165 Um, and that's. 786 00:42:36,180 --> 00:42:39,810 That can be made easy by technology, but fundamentally it still needs to be done. 787 00:42:39,990 --> 00:42:40,320 Right. 788 00:42:40,950 --> 00:42:42,870 Um, is there anything else that I need to think about? 789 00:42:43,380 --> 00:42:46,260 There's, there's a few, I can, I can, I can list them off very quickly and then 790 00:42:46,260 --> 00:42:47,520 we can go into some details on them. 791 00:42:47,580 --> 00:42:53,580 Um, I would also say that advertising is important as is customer service. 792 00:42:55,565 --> 00:42:59,975 Scalability and, uh, and having access to expertise. 793 00:43:01,654 --> 00:43:07,865 So advertising, um, I, I, I get, but in effect, this is setting 794 00:43:07,865 --> 00:43:11,975 aside budget to advertise on that market space right up marketplace. 795 00:43:12,125 --> 00:43:13,295 Is that what you're meaning there? 796 00:43:13,565 --> 00:43:14,944 Yes and no. 797 00:43:15,004 --> 00:43:16,265 So to an extent, absolutely. 798 00:43:16,295 --> 00:43:19,805 So every, every marketplace or most marketplaces have some 799 00:43:19,805 --> 00:43:23,045 form of PPC, um, where you can. 800 00:43:24,180 --> 00:43:26,759 Pay for certain keywords and get ranked based on that. 801 00:43:27,029 --> 00:43:30,209 But there's also a lot of organic work that needs to happen there. 802 00:43:30,479 --> 00:43:35,160 Um, there's organic, uh, sorry. 803 00:43:35,160 --> 00:43:37,890 There was a real benefit as well to what I just dropped. 804 00:43:37,890 --> 00:43:39,750 This is where it kind of overlapped a little bit with the content. 805 00:43:40,229 --> 00:43:44,310 Um, but specifically with marketplaces, every marketplace has, or many 806 00:43:44,310 --> 00:43:45,959 market places have their own. 807 00:43:47,395 --> 00:43:48,505 Advertising options. 808 00:43:48,505 --> 00:43:51,475 Now with Amazon, we have things like a plus content, which is 809 00:43:52,015 --> 00:43:53,575 generally restricted to brands. 810 00:43:54,025 --> 00:43:58,134 Um, but other channels will also allow you to do things like flashlights. 811 00:43:59,620 --> 00:44:02,890 Where they will, as I said before, you know, they'll partner with you 812 00:44:02,950 --> 00:44:04,840 and those will be figuring out, okay, how are we going to sell more of 813 00:44:04,840 --> 00:44:05,890 your products on this marketplace? 814 00:44:05,890 --> 00:44:07,870 You know, you're selling products where, you know, your 815 00:44:07,870 --> 00:44:09,850 peak season is isn't Christmas. 816 00:44:09,880 --> 00:44:13,480 Like everyone else, or like Mo like a lot of sellers, but it's in February. 817 00:44:13,510 --> 00:44:16,960 So how about we do a, we do a flash sale in September to help 818 00:44:16,960 --> 00:44:18,070 you try and get a second peak. 819 00:44:18,690 --> 00:44:23,279 Um, and you can drastically reduce your products or pricing then, uh, 820 00:44:23,279 --> 00:44:24,570 and they will help advertise it. 821 00:44:24,570 --> 00:44:27,420 And depending on size of the marketplace, it might be that, you know, they throw it 822 00:44:27,420 --> 00:44:28,980 in with national TV campaigns and stuff. 823 00:44:28,980 --> 00:44:32,070 So it can often be really good opportunities to take care 824 00:44:32,070 --> 00:44:33,110 of them or to take advantage. 825 00:44:34,260 --> 00:44:38,250 Beyond sort of the standard and that's where it really helps to kind of 826 00:44:38,250 --> 00:44:41,430 communicate with the marketplace selling on, to figure out what advertising options 827 00:44:41,520 --> 00:44:43,620 exist on this channel specifically. 828 00:44:44,280 --> 00:44:44,460 Yeah. 829 00:44:44,570 --> 00:44:45,120 Yeah. 830 00:44:45,240 --> 00:44:48,660 And I can take advantage of those and okay. 831 00:44:48,690 --> 00:44:49,710 That makes a lot of sense. 832 00:44:50,310 --> 00:44:52,410 Um, access to expertise. 833 00:44:52,410 --> 00:44:53,340 What do you mean by that? 834 00:44:55,860 --> 00:44:57,300 Regardless of how good your. 835 00:44:58,170 --> 00:45:03,450 Systems and processes are, I think it's still important to have at 836 00:45:03,450 --> 00:45:08,070 least one person within a company who understands the general 837 00:45:08,070 --> 00:45:09,960 concept of how marketplaces work. 838 00:45:10,560 --> 00:45:15,600 Um, the, the problem at the moment for a lot of businesses is now 839 00:45:15,600 --> 00:45:17,160 that marketplaces are booming. 840 00:45:17,985 --> 00:45:20,475 It's pretty much impossible to hire anyone who understands 841 00:45:20,475 --> 00:45:22,785 Amazon or marketplaces in general. 842 00:45:23,145 --> 00:45:24,255 Um, sorry. 843 00:45:24,285 --> 00:45:27,795 It's specifically Amazon Amazon account managers are usually getting snapped 844 00:45:27,795 --> 00:45:29,535 up by big brands or by agencies. 845 00:45:29,535 --> 00:45:32,715 And for that, you know, I talk with a lot of retailers who have lost 846 00:45:32,715 --> 00:45:35,745 good employees and often the only employee and new home was on worked. 847 00:45:36,255 --> 00:45:40,965 Um, but the thing with marketplaces is if you know how Amazon works, 848 00:45:41,475 --> 00:45:44,925 that doesn't help you at all for selling on eBay because they 849 00:45:44,925 --> 00:45:46,215 completely different marketplaces. 850 00:45:47,055 --> 00:45:50,295 However, the expertise that you have from selling on one 851 00:45:50,295 --> 00:45:54,495 marketplace does let you understand in general how marketplaces work. 852 00:45:54,495 --> 00:45:57,495 And there's a lot of nuances to selling on marketplaces that 853 00:45:57,495 --> 00:45:58,485 have to come into the equation. 854 00:45:58,515 --> 00:46:02,265 And it doesn't whether, whether you have that in-house or whether you have 855 00:46:02,275 --> 00:46:07,035 a service provider at your side that can kind of consult with you and not 856 00:46:07,035 --> 00:46:09,945 necessarily do the work, but at least just kind of bounce ideas around and say, 857 00:46:09,945 --> 00:46:12,675 okay, in general, we're going in this direction, how to market, how does it. 858 00:46:13,845 --> 00:46:16,185 How can we factor marketplaces into this idea? 859 00:46:16,544 --> 00:46:19,785 It's just an important thing to have them on the side of your business as well. 860 00:46:20,865 --> 00:46:23,714 Very, very wise words, very wise words. 861 00:46:23,865 --> 00:46:27,314 And, and Jessie, I'm sorry, but I'm aware of time. 862 00:46:28,274 --> 00:46:33,435 And I, I feel like it's every week I talked to fabulous people and I just go, 863 00:46:33,464 --> 00:46:34,484 oh, I wish I had a little bit more time. 864 00:46:34,995 --> 00:46:40,440 Um, Uh, speaking of expertise and how people can get hold of, uh, experts. 865 00:46:40,440 --> 00:46:41,759 How do people connect with you? 866 00:46:41,759 --> 00:46:43,740 How do they, how do they reach out to you? 867 00:46:44,640 --> 00:46:48,509 Um, the best way to get hold of me is generally either via LinkedIn 868 00:46:48,509 --> 00:46:50,009 or directly through our website. 869 00:46:50,100 --> 00:46:56,035 Um, so on, on LinkedIn, it's, uh, I hope that you'll put the spelling of 870 00:46:56,035 --> 00:47:01,165 that in the show notes, but put the whole link in the show notes to be 871 00:47:01,165 --> 00:47:05,335 fair, Jesse or, or eat chameleon.com. 872 00:47:05,395 --> 00:47:10,855 Um, so that's e-comm as in e-commerce and chameleon, uh, because we adapt 873 00:47:10,855 --> 00:47:13,045 so you don't have to, oh, I like it. 874 00:47:13,125 --> 00:47:15,175 I think we did that very clever play on words. 875 00:47:15,445 --> 00:47:17,215 How long did it take to come up with the name you can meet? 876 00:47:18,195 --> 00:47:20,325 Uh, the better question is how many days did it take? 877 00:47:24,705 --> 00:47:25,035 Yeah. 878 00:47:25,455 --> 00:47:27,285 Uh, how many beers that say? 879 00:47:27,285 --> 00:47:27,885 Absolutely. 880 00:47:28,305 --> 00:47:31,365 Um, and actually I would have been able to help with that cause my German 881 00:47:31,365 --> 00:47:33,495 extends to being able to order beer. 882 00:47:33,525 --> 00:47:36,225 So I'd have been there with you. 883 00:47:37,345 --> 00:47:41,035 Listen, Jessie, thank you so much for sharing your valuable time and expertise. 884 00:47:41,035 --> 00:47:44,935 And like Jesse said, we will put a note to him on LinkedIn, his LinkedIn, and 885 00:47:44,935 --> 00:47:49,375 to eat chameleon in the show notes, which you can download on the site, 886 00:47:49,615 --> 00:47:51,415 uh, on e-commerce podcast on net. 887 00:47:51,475 --> 00:47:54,145 I do reach out to Jesse, uh, especially if you're interested 888 00:47:54,145 --> 00:47:56,275 in this whole marketplace thing, checkout your chameleon. 889 00:47:56,665 --> 00:47:58,045 Um, it's fair to say. 890 00:47:58,045 --> 00:48:01,015 It's a, um, you're in a space which. 891 00:48:02,520 --> 00:48:07,650 I, I may be talking slightly out of my, my area of expertise here, Jessie, 892 00:48:07,650 --> 00:48:11,640 but I've come across platforms or the platform, which Springs out to mind 893 00:48:11,670 --> 00:48:13,320 the channel advisor of this world. 894 00:48:13,770 --> 00:48:16,320 Um, for those people that have used channel advisor in the 895 00:48:16,320 --> 00:48:20,100 past, um, they should definitely definitely check out you guys. 896 00:48:20,100 --> 00:48:20,370 Right? 897 00:48:21,120 --> 00:48:21,600 I would hope so. 898 00:48:21,600 --> 00:48:21,780 Yeah. 899 00:48:21,780 --> 00:48:25,110 I mean, when you chameleon started out at an agency where we, where we 900 00:48:25,110 --> 00:48:28,170 would help channel, I mean, not only channel advisor, but we used to have. 901 00:48:29,325 --> 00:48:33,825 Um, users of similar products to sell on marketplaces. 902 00:48:33,825 --> 00:48:36,855 And the chameleon was really born out of the fact that as I said, it doesn't matter 903 00:48:36,855 --> 00:48:38,085 how good the technical connection is. 904 00:48:38,085 --> 00:48:39,645 Cause he's a great product and ChannelAdvisor's been 905 00:48:39,645 --> 00:48:40,845 on the market for 20 years. 906 00:48:41,205 --> 00:48:43,635 Um, there's a lot of expertise in that product. 907 00:48:43,905 --> 00:48:46,545 However, the technology is only one part of it. 908 00:48:46,545 --> 00:48:50,385 You also have to have specifically the product content has to, you have to have 909 00:48:50,385 --> 00:48:51,975 an easy way of managing product content. 910 00:48:51,975 --> 00:48:52,875 You can't always rely on. 911 00:48:53,565 --> 00:48:56,445 Having somebody who understands Amazon working inside your business. 912 00:48:56,445 --> 00:49:00,015 And part of the idea behind the chameleon is that you can put the 913 00:49:00,015 --> 00:49:03,855 expertise into the processes so that you can build these systems. 914 00:49:03,855 --> 00:49:06,765 And so that your team can actually use it, regardless of if it's just 915 00:49:06,765 --> 00:49:10,005 a joke, a guy that you have in your company that speaks German, he 916 00:49:10,005 --> 00:49:12,825 should be able to create listings for German marketplaces without having to 917 00:49:12,825 --> 00:49:14,445 understand how each one of them works. 918 00:49:14,745 --> 00:49:14,985 Yeah. 919 00:49:15,810 --> 00:49:17,040 Um, no, very good. 920 00:49:17,490 --> 00:49:17,879 Very good. 921 00:49:18,210 --> 00:49:24,060 So do check out E chameleon.com if you are, uh, either shipping to, uh, various 922 00:49:24,120 --> 00:49:27,930 marketplaces or whether you are thinking about doing so check that service out. 923 00:49:28,439 --> 00:49:30,629 Um, Jesse, thank you so much for your time. 924 00:49:30,720 --> 00:49:31,620 Uh, it's been a real pleasure. 925 00:49:32,250 --> 00:49:32,640 Anytime. 926 00:49:32,640 --> 00:49:33,180 Thank you. 927 00:49:33,570 --> 00:49:34,710 So there you have it. 928 00:49:34,710 --> 00:49:36,840 What a great conversation. 929 00:49:36,840 --> 00:49:38,190 That was huge. 930 00:49:38,220 --> 00:49:40,560 Thanks to Jesse for joining me today. 931 00:49:40,830 --> 00:49:42,960 A brilliant, brilliant, brilliant conversation. 932 00:49:42,990 --> 00:49:43,710 Genuinely. 933 00:49:43,740 --> 00:49:44,820 Really appreciate it. 934 00:49:45,090 --> 00:49:49,170 Now don't forget to check out our complete back catalog online. 935 00:49:49,440 --> 00:49:52,350 Just head on over to the e-commerce podcast wise, not 936 00:49:52,350 --> 00:49:53,730 the e-commerce podcast on that. 937 00:49:53,760 --> 00:49:55,110 Maybe I should buy that domain. 938 00:49:55,260 --> 00:49:57,570 It's just e-commerce podcast.net. 939 00:49:57,570 --> 00:49:58,170 Just head on over to. 940 00:49:59,250 --> 00:50:01,080 E-commerce podcast.net. 941 00:50:01,470 --> 00:50:04,649 Uh, don't forget to subscribe wherever you get your podcasts from, because we 942 00:50:04,649 --> 00:50:08,819 have some great conversations lined up and we don't want, I just don't want you 943 00:50:08,819 --> 00:50:12,750 to miss any of them, especially if you're an e-commerce, you're going to love them. 944 00:50:12,990 --> 00:50:15,540 And in case no one has told you today. 945 00:50:16,105 --> 00:50:17,275 You my friend. 946 00:50:17,545 --> 00:50:18,745 Oh, awesome.