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IS RUNNING A MARKETPLACE      RIGHT FOR ME?        Rick Watson         June 6, 2012                           1
A LITTLE ABOUT ME• GM, Marketplace for Barnes & Noble.com• Software / Technology Background• 13 years in ECommerce Industr...
OVERVIEW• What?• Why?• How?• Why Not?                        3
WHAT?        4
MARKETPLACE: VIRTUOUS CYCLE      More       Expand      Buyers    Selection                              5
DC WORKFLOW                              Ship           Search / Browse             PurchaseCustomer                      ...
MARKETPLACE WORKFLOW           Search / Browse               PurchaseCustomer                             Inventory       ...
ENHANCING SELECTION                     DC Products       Dropship Products   MarketplaceVendor Type          Manufacturer...
WHY CONSIDER A MARKETPLACE?• Expanded pool of products, promotions, pricing, options,  availability• Improve unit economic...
OPTIONS TO CONSIDER• Product Posture:   • Promotional   • Non-overlapping   • Fully overlapping• Seller Posture:   • Close...
MARKET LANDSCAPE                   11
HOW?       12
THE ESSENTIALS• Legal Terms, Taxation, and Data Ownership• Product Creation, Categorization & Cross-Linking• Listing Data ...
DATA OWNERSHIP• Right to use, modify, combine, display and retransmit a  seller’s data• Survives contract termination     ...
LISTING DATA MODEL                             Applies to:Product       Listing        • Products/Listings• SKU         • ...
SITE MERCHANDISING & PROMOTIONS• Sellers expect proactive promotion & exposure• Examples                                  ...
AMAZON – CATEGORY PAGE PROMO SPOT           Featured sellers/retailers on AMZ. When buyer clicks on the           logo, th...
BUY.COM’S DAILY DEAL      Buy.com also has a daily deals slot for retailers.
SEARS – SHOP BY MARKETPLACE SELLERS
BUYER SUPPORT     Buyer Support Organization   Seller Support Organization              First-LevelCustomer Request       ...
SAMPLE ORGANIZATIONAL MODELFunction              Merchandising   Marketplace Team Seller                      Team        ...
WORRIES          22
MERCHANDISING ALIGNMENT                          23
ONGOING PRIORITIZATION• A Marketplace puts you in the software business – sellers expect  you to execute on some of their ...
WHAT “NO” LOOKS LIKE• Most projects in perpetual 1.0 stage• Top vs bottom-line focused• Internal teams not easily aligned•...
WHAT “YES” LOOKS LIKE• Clear business owner• Unique customer base• Goal to improve selection & profitability• Willingness ...
SUMMARYLong-term commitmentContact Rick Watson at:   • Twitter: @rickwatson   • E-mail: rwatson@book.com / richard.m.watso...
REFERENCE MATERIAL• How to Build an Online Marketplace   • Brian K. Walker, Forrester, May 8, 2012 Why Every Retailer Nee...
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Is Running a Marketplace Right for Me?

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Is Running a Marketplace Right for Me?

The presentation will discuss the growing trend of retailers adding Marketplace functionality to their ECommerce websites, and discuss how to evaluate whether this is right for your business.
In particular, the following questions will be discussed in depth:
What is a marketplace and what are the business advantages to one?
What are the elements of a successful Marketplace launch plan?
What are the elements of maintaining and growing a successful Marketplace?
Who should not start a marketplace?
Having launched and now managing Barnes & Noble's Third-Party Marketplace, combined with 10+ years of experience helping retailers scale their Marketplace businesses, Rick Watson is uniquely qualified to discuss the benefits and pitfalls of building your own marketplace as part of your ECommerce strategy.

Presented at 2012 E-Commerce Europe Summit:
http://e-commercesummit.com/program/june-6th-day-2

Publicado en: Empresariales, Tecnología
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Is Running a Marketplace Right for Me?

  1. 1. IS RUNNING A MARKETPLACE RIGHT FOR ME? Rick Watson June 6, 2012 1
  2. 2. A LITTLE ABOUT ME• GM, Marketplace for Barnes & Noble.com• Software / Technology Background• 13 years in ECommerce Industry• Twitter: @rickwatson• Website: http://rickwatsonsblog.com/ 2
  3. 3. OVERVIEW• What?• Why?• How?• Why Not? 3
  4. 4. WHAT? 4
  5. 5. MARKETPLACE: VIRTUOUS CYCLE More Expand Buyers Selection 5
  6. 6. DC WORKFLOW Ship Search / Browse PurchaseCustomer 6
  7. 7. MARKETPLACE WORKFLOW Search / Browse PurchaseCustomer Inventory Feed Order Information Ship 7
  8. 8. ENHANCING SELECTION DC Products Dropship Products MarketplaceVendor Type Manufacturers Distributors Online RetailersVendor Count Hundreds Hundreds /Thousands Thousands/MillionsSelection Profile Narrow and Deep Variable Broad and ShallowGross Margin 40 - 60% ~30% ~12%Inventory Risk High None NoneInventory Title Owner Flash Title Seller 8
  9. 9. WHY CONSIDER A MARKETPLACE?• Expanded pool of products, promotions, pricing, options, availability• Improve unit economics • No cost of goods • Shipping can become a revenue source• Lower inventory risk 9
  10. 10. OPTIONS TO CONSIDER• Product Posture: • Promotional • Non-overlapping • Fully overlapping• Seller Posture: • Closed/Gated • Open 10
  11. 11. MARKET LANDSCAPE 11
  12. 12. HOW? 12
  13. 13. THE ESSENTIALS• Legal Terms, Taxation, and Data Ownership• Product Creation, Categorization & Cross-Linking• Listing Data Model• Seller Recruitment & Onboarding• Buyer & Seller Service• Site Merchandising & Promotions• Seller Metrics Plan 13
  14. 14. DATA OWNERSHIP• Right to use, modify, combine, display and retransmit a seller’s data• Survives contract termination 14
  15. 15. LISTING DATA MODEL Applies to:Product Listing • Products/Listings• SKU • Seller • Orders• UPC • Seller SKU • Analytics• Title • UPC•… • Quantity • Condition 15
  16. 16. SITE MERCHANDISING & PROMOTIONS• Sellers expect proactive promotion & exposure• Examples 16
  17. 17. AMAZON – CATEGORY PAGE PROMO SPOT Featured sellers/retailers on AMZ. When buyer clicks on the logo, they are taken to that retailer’s listings on AMZ. AMZ offers this positioning to retailers as part of the contract
  18. 18. BUY.COM’S DAILY DEAL Buy.com also has a daily deals slot for retailers.
  19. 19. SEARS – SHOP BY MARKETPLACE SELLERS
  20. 20. BUYER SUPPORT Buyer Support Organization Seller Support Organization First-LevelCustomer Request Second-Level Seller Support Team Third-Party Merchant 20
  21. 21. SAMPLE ORGANIZATIONAL MODELFunction Merchandising Marketplace Team Seller Team SupportSeller Acquisition Coordination Ownership & OnboardingSeller Management Key Accounts Coordination Ownership & SupportSite Merchandising Ownership Coordination & PromotionsFeature Development Ownership 21
  22. 22. WORRIES 22
  23. 23. MERCHANDISING ALIGNMENT 23
  24. 24. ONGOING PRIORITIZATION• A Marketplace puts you in the software business – sellers expect you to execute on some of their ideas• Merchants have choices – why are they with you?• Prefer fewer, long-term resources over larger #s of temporary resources for “launch” 24
  25. 25. WHAT “NO” LOOKS LIKE• Most projects in perpetual 1.0 stage• Top vs bottom-line focused• Internal teams not easily aligned• Rigid/inflexible systems• No clear differentiated value proposition for merchants• Internal conversations often not data-driven 25
  26. 26. WHAT “YES” LOOKS LIKE• Clear business owner• Unique customer base• Goal to improve selection & profitability• Willingness to see merchants as customers• Good traffic acquisition strategy• Invest in platform/software over long-term 26
  27. 27. SUMMARYLong-term commitmentContact Rick Watson at: • Twitter: @rickwatson • E-mail: rwatson@book.com / richard.m.watson@gmail.com • Web: http://rickwatsonsblog.com/ 27
  28. 28. REFERENCE MATERIAL• How to Build an Online Marketplace • Brian K. Walker, Forrester, May 8, 2012 Why Every Retailer Needs an Online Marketplace • Sucharita Mulpuru, Forrester, May 9, 2012 Company to investigate: • Merchantry / Rakuten: Build marketplace platforms 28

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