Mistakes to avoid
- Setting unclear objectives
- Lack of alignment within the company
- Pushing the wrong product assortment
- Inconsistency between the different channels
Be well-prepared for selling on marketplaces
It all starts with the goals you want to set for yourself:
- To increase distribution: offer a wide range of products for the general public.
- To increase brand awareness: offer a limited selection from your collection.
- To access new customer segments: push a specific product category.
- To sell your stocks: highlight out of season products or products with a low turnover.
The 12 top tips to success
1/ Choose the right marketplace
Although Amazon is the leader in many markets, there are several other equally interesting marketplaces in various countries, such as AliExpress, Cdiscount, Allegro, Bol.com, etc. Some are more fashion-oriented, others are more pertinent for the realms of furniture or electronics. According to the categories that these platforms specialise in, select the most relevant products from your catalogue. The services offered by a marketplace must also be taken into account (e.g. logistics service) to meet your needs. Finally, pay close attention to the entry conditions of each marketplace as you will need to be able to meet these expectations in order to avoid your account being suspended.
2/ Select the products
To get started, it is better to start with a sample of products rather than sending your entire catalogue. It is preferable to select products that are easily identifiable to consumers that sell well. Ideally, these first products should also have a good margin and relatively low return rates.
3/ Create an account
Create an account on the chosen marketplace, and check out the settings or dashboards at your disposal. If you are a brand, let the marketplace know and they can then decide to give you more control over your content.
4/ List your products
Upload your product details and make sure it is in the right category. The category is essential as it will allow consumers to find your products.
5/ Set up logistics
Choose whether to manage the logistics yourself to keep costs down, work with a partner to simplify your life, or outsource this service to the marketplace to stand out in the search results.
6/ Optimise your content
This is a crucial step and different from creating content for your site. On marketplaces, you are in direct competition with other brands or suppliers, which is why it is important to stand out as quickly as possible. Categorise your products so that they are easy to find and enter all your attributes correctly. Think about images, titles, descriptions, and keywords that speak to your customers.
7/ Start selling
You're live, congratulations! Celebrate this victory, but now it's time to really get to work.
8/ Collect reviews
As soon as you start making sales, it is important to get reviews. Be wary of falsified reviews, all reviews must be original and verified. 15 reviews per product is a good target to set. Reviews help to convince other consumers and allow your products to move up in the results. Don't forget to respond to negative comments that could damage your reputation.
9/ Launch advertising campaigns
Your products won’t necessarily stand out to begin with and might not have very good conversion rates. Each marketplace offers different promotional and advertising tools for this reason. Study their proposals carefully and choose the one that you can easily deploy for your products and brand. Special offers work well for new products since the aim is to make your first sales and get reviews. After that, it will be much easier to launch advertising campaigns.
10/ Review the results
Thanks to the reviews and data collected and everything that you’ve learned, you can improve your delivery service, optimise your content and think about new advertising campaigns.
11/ Add new products
Once everything is under control, go to the next step and add new products. From there you can repeat the process: experiment, learn, improve and optimise.
12/ Choose a new marketplace
Now that you have mastered selling on marketplaces it is time to consider new marketplaces to expand on! Remember to start from step 1 for each new marketplace.
Find out everything you need to know about marketplaces and your international development in our white paper!
Naomi Botting
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