348 | Optimize Your Faire Shop with Kristin Fisher, Bocu
Jul 9, 2024
auto_awesome
Kristin Fisher, owner of the gifting brand Bocu and a retail strategy mentor with over 18 years of corporate retail experience, shares her insights on optimizing Faire shops. She discusses common mistakes brands make and emphasizes the importance of buyer relationships and strategic pricing. Kristin also highlights the challenges businesses face on the FAIR platform and offers advice on enhancing product presentations and SEO. Plus, she introduces her Paper Camp coaching program aimed at building strong wholesale foundations.
Optimizing a Faire shop requires high-quality images and a structured layout to attract buyer attention effectively.
Understanding sustainable wholesale pricing and establishing foundational systems are crucial for new brands to succeed on Faire.
Deep dives
Importance of Optimizing Your FAIR Shop
Properly optimizing a shop on FAIR is crucial for success, as simply having a listing does not guarantee orders. Many brands mistakenly believe that merely being present on the platform will attract buyers, neglecting the need for high-quality imagery and strategic presentation. To capture a buyer’s attention within the first few seconds, shops should create an appealing and organized layout, similar to a traditional line sheet. Without a well-structured and optimized setup, brands risk remaining unnoticed and not achieving any significant sales.
Common Mistakes Among Brands on FAIR
Several recurring mistakes hinder brands from effectively utilizing FAIR, particularly in pricing and foundational strategy. New brands often overlook the essential knowledge required for sustainable wholesale pricing, which can lead to pricing structures that are not viable long-term. Additionally, it's critical for newcomers to have a solid foundation before launching on FAIR, including established systems to handle orders and shipping logistics. Without this groundwork, brands may struggle to gain traction and experience significant challenges instead of quick success.
Strategies for Established Brands to Increase Visibility
Established brands experiencing a lull in sales on FAIR should focus on revitalizing their listings and enhancing their visibility. Keywords and SEO play a vital role, as optimizing product descriptions with relevant search terms can attract more buyers. Additionally, refreshing product imagery and relisting items periodically helps maintain buyer interest and signals an active presence on the platform. Engaging buyers directly through the DM feature and establishing relationships outside the platform can also lead to renewed orders and increased visibility.
Navigating FAIR's New Advertising Platform
The new advertising platform on FAIR presents both opportunities and challenges for brands, as it has generated varied feedback from users. While it aims to enhance visibility for participating brands, concerns arise about the lack of control over targeting and the overall impact on user experience. Some brands report achieving positive results, while others find it ineffective, leading to dissatisfaction. The long-term success of this advertising feature will depend on its adaptability and how well it serves both the brands and buyers on the platform.
If you want to hear from someone who has more than 18 years of corporate retail buying experience and who knows what buyers are looking for when they are shopping on Faire, you are in luck because today's guest on the podcast is Kristin Fisher of Bocu.
Kristin owns the gifting brand, Bocu, and she is also a retail strategy mentor for brands and independent retailers, as well as the host of the Buyerside Chat podcast.
In this episode, Kristin and I discuss the essentials of optimizing your Faire shop, including how to avoid common mistakes that other brands are making, maintain strong buyer relationships, and stay ahead of your competitors with effective pricing.
Today's episode is brought to you by our Paper Camp program. Paper Camp is our wholesale coaching program where we teach you everything you need to know to build strong wholesale foundations. Over the course of 4 weeks, we tackle your product line, sales tools, and marketing plan, and we even talk about how to exhibit at trade shows if that's what you want to do. We start with your product line and go into everything from how often you should be releasing new products to ensuring that your numbers are sustainable for the wholesale market and their price for profit.
Then we move into sales tools you must have for selling wholesale so you make a strong first impression with buyers like catalogs and your terms and conditions. Then, we cover marketing strategies and ways to reach various store owners.
Each week's teachings build on the previous week, and we host weekly live engaging coaching calls to answer all of your questions. We will open enrollment for the 44th round of Paper Camp soon, and we sell this program out every time we run it. Join the wait list and you’ll get early access to enroll.