Let's talk Marketplace Bootstrapped on marketplaces -it's possible! #LTM120
What do you do when wholesale for brick-and-mortar sales suddenly causes you to lose the Buy Box? There's only one thing to do: get out of brick-and-mortar sales. That's exactly what Anna Maria from BabyForte did after large online pharmacies snatched the Buy Box away from her on Amazon. Local pharmacies reacted immediately and negatively to her cautious price adjustment. Since then, she has been focusing fully on her online business again. In this podcast episode, she talks about the three phases a D2C brand goes through when it is being built up, why she continues to invest in her web shop, why she relies on a clearly defined brand portfolio, and why she is not looking for investors at the moment. She also reveals why her team spends every week analyzing click rates.
Takeaways:
- Anna Maria Zillinger elucidates the necessity for D2C brands to pivot away from brick-and-mortar sales when faced with the loss of the Amazon Buy Box.
- The significance of a meticulously defined brand portfolio is underscored by Anna Maria as vital for sustaining competitive advantage in e-commerce.
- Investment in a web shop remains a strategic priority for Anna Maria, emphasizing the importance of direct consumer engagement.
- Anna Maria's team employs weekly click rate analyses to optimize product visibility and enhance marketing effectiveness on digital platforms.
Note from the sponsor Taxdoo:
Every marketplace trader can tell you a thing or two about it: different tax rates, different responsibilities, tax advisors who are inexperienced in e-commerce. The taxtech company Taxdoo wants to remedy this situation. Taxdoo offers a comprehensive platform for online retailers who need to carry out legally compliant and efficient sales tax reporting and accounting processes. The software analyzes all sales, fees, and payments, resulting in a transparent and audit-proof solution, is seamlessly integrated with many marketplaces and can handle all EU and UK sales tax processing, including OSS exports. If you want to know more about VAT, read our blog article, in which you will also find a table with all VAT rates in the EU, UK, and Switzerland. Find out more here:
Note from the sponsor MediaMarkSaturn:
Even though it's only summer, Cyber Week is coming around faster than you think! That means: Plan early. Because the time between November 24th and December 1st is not just a sales boost – it’s a full-on operational challenge. The most common mistakes? As Alexander Klinger from MediaMarktSaturn knows it’s not enough stock, no prep for returns and customer inquiries, poor product content and shipping KPIs all over the place. MediaMarktSaturn shares participation details 4 to 6 weeks ahead. Secure visibility, top homepage deals are handpicked – only sellers with strong KPIs and competitive prices stand a chance. And use Retail Media wisely. They work, but only if you book them early. For more practical tips see the full interview on Marketplace Universe:
https://marketplace-universe.com/good-cyber-week-preparation/