Let’s talk Marketplace 65: How to expand your marketplace business profitably feat. Channelengine

Internationalization is the order of the day for many retailers and brands. However, for around two and a half years now, the focus has been on profitability rather than just growth.  This is because many companies have already had the painful experience of finding that although they can sell abroad, the whole thing is anything but profitable. This is because every market has its own characteristics: different customer preferences and buying habits, different price levels, different storage and logistics costs, different returns behavior, etc. This makes the leap across the border very complex to implement, even – or especially – via marketplaces.

Technical solutions such as marketplace middleware or the services of a full-service marketplace integrator can help. One such provider is ChannelEngine, sponsor partner of Marketplace Universe. ChannelEngine can connect more than 950 marketplaces and social media platforms via its solution and process the business there.

In the new episode 65, Valerie talks to Dexter van Hofwegen, Director Sales EMEA at ChannelEngine, about the strategic considerations required for successful internationalization, how to reduce the complexity of the various country characteristics, which cost drivers need to be taken into account, how to calculate worthwhile minimum selling prices and how meaningful KPIs on seller performance, delivery times and returns can provide support.

Note from our sponsor partner Allegro:

Marketplace Universe also stands for further education for marketplace people. On June 5th the first webinar will take place in cooperation with our sponsor Allegro. The topic: “How to scale your Marketplace Business across CEE using Allegro's platform” – in short, retailers and brands will learn how to sell successfully in Poland and Central Eastern Europe on the Allegro marketplace.

If this is exciting for you, make a note of this date in your calendar:

  • When: Wednesday, June 5, 2024, 9:00 – 10:00 a.m.
  • Where: Online
  • Who: Emilia Gregorczyk, Business Development Partner at Allegro and Valerie
  • How: Free of charge by pre-registration. Click here to register!

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Chapters

00:00 Introduction

08:44 Focus on Profitable International Expansion

13:14 Newsflash

22:19 Introduction to Channel Engine and Marketplace Integrators

26:50 International Expansion and Cost Considerations

28:39 First Steps for International Expansion

30:29 Calculating Minimum Prices and Determining Strategy

34:39 Different Business Cases and Profitability Drivers

36:31 Volume vs Profitability in International Expansion

42:34 Calculating Minimum Prices for Profitability

45:05 Visibility, Volume, and Profitability

51:43 Hybrid Selling and Collaboration

53:34 Key Considerations for Internationalization and Profitability

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