Welcome to episode 20. of Growing eccommerce.  

In this episode, Mike is lucky enough to speak with Max Hallerstede, CEO of Hallerstede gmbh, a long-running family business in Germany that Max helped bring online under the ecommerce trading brand Kofferworld. What's so special is that Max is a real pro in logistics, purchasing, and pricing and he talks to us about:
How years of consultancy helped him prepare for the disruptions of the last couple of years
How strong brand relationships have secured his business against new competitors 
How he has used forecasting and endurance to avoid losses and make profitable sales. 
Pricing tools and strategies 

It’s just a really great chance to reflect and learn. Particularly, in the current inflationary climate with ecommerce under pressure and everything else going on right now.

Dive deeper into:

00:00 Intro
01:33 TAKING OFFLINE RETAIL ONLINE: How to digitally transform a family-run business?
09:37 HOW TO MANAGE SUPPLY CHAIN? The right tools to measure your stock, sales, and supply
18:02 STEPS TO SETTING THE RIGHT PRICES: Pricing tools, profitability, and operational efficiency.
34:02 HOW TO STAY AHEAD OF PRICING REGULATIONS?

About smec (Smarter Ecommerce):

At smec - Smarter Ecommerce, we specialize in transforming business goals into optimized ad campaigns. With over 16 years of experience in Google & Microsoft Ads, our intelligent software and expert services help retailers achieve superior results.

We're committed to giving you the tools and insights needed to stay ahead in the ever-evolving world of digital advertising.

Make sure to follow smec - Smarter Ecommerce for more performance marketing insights:

• smec - Smarter Ecommerce: https://www.smarter-ecommerce.com
• LinkedIn: https://linkedin.com/company/smarter-ecommerce-gmbh
• Newsletter: https://smarter-ecommerce.com/en/newsletter/
• Instagram: https://www.instagram.com/smarterecommerce/

Welcome to episode 19. You can think of it as part 2 to the previous conversation with Christopher Rogl in episode 15 - Performance Max: One campaign to rule them all. In this episode, Mike Ryan gives you a brief context for the PMax, a framework for smarter PMax retail campaigns, and ideas for bringing that framework to life.
Mike, smec’s portfolio strategist keeps you up to date with:

1. What are Performance Max  campaigns?
2. Advantages and disadvantages of PMax
3. Moving forward with PMax
4. PMax Segmentation
5. PMax framework and practices
6. PMax optimisation

About smec (Smarter Ecommerce):

At smec - Smarter Ecommerce, we specialize in transforming business goals into optimized ad campaigns. With over 16 years of experience in Google & Microsoft Ads, our intelligent software and expert services help retailers achieve superior results.

We're committed to giving you the tools and insights needed to stay ahead in the ever-evolving world of digital advertising.

Make sure to follow smec - Smarter Ecommerce for more performance marketing insights:

• smec - Smarter Ecommerce: https://www.smarter-ecommerce.com
• LinkedIn: https://linkedin.com/company/smarter-ecommerce-gmbh
• Newsletter: https://smarter-ecommerce.com/en/newsletter/
• Instagram: https://www.instagram.com/smarterecommerce/

Welcome to episode 18. In this episode, you get a deep dive into the story of healthy ecommerce growth and everything from attribution to efficiency metrics like MER and ROAS through the prism of challenges modern brands and retailers face daily: 

the dense ecommerce playing field, the volatile media buying landscape, and the conundrum of profitable marketing efforts. 

Mike, smec’s portfolio strategist is joined by David Rekuc, VP of marketing at 4x400, holding company of the direct-to-consumer brand Bambu Earth. Dave is a forward thinking marketing professional with a great deal of knowledge about marketing measurement and the economics of marketing. Among other topics, he describes the detective story of attribution and shares a grounded but constructive take on the current economic conditions.

About smec (Smarter Ecommerce):

At smec - Smarter Ecommerce, we specialize in transforming business goals into optimized ad campaigns. With over 16 years of experience in Google & Microsoft Ads, our intelligent software and expert services help retailers achieve superior results.

We're committed to giving you the tools and insights needed to stay ahead in the ever-evolving world of digital advertising.

Make sure to follow smec - Smarter Ecommerce for more performance marketing insights:

• smec - Smarter Ecommerce: https://www.smarter-ecommerce.com
• LinkedIn: https://linkedin.com/company/smarter-ecommerce-gmbh
• Newsletter: https://smarter-ecommerce.com/en/newsletter/
• Instagram: https://www.instagram.com/smarterecommerce/

In this episode, you will get all you need to stay on top of Meta & Google earning reports, DTC Media Buying, and Retail media and marketplace networks. Mike, smec’s portfolio strategist, keeps you up to date with all the changes in the online retail environment keeping the most common challenge of retailers in mind: traffic acquisition.

Looking at the direct-to-consumer business (DTC), the question to answer is: how to acquire customers in an online context? Retailers have to convince people to go to their brand website and view their product when the common perception is consumers are looking for a one-stop shopping experience ( read Amazon).

With changing retail media networks and marketplaces larger retailers explore new business models due to the increasing cost of traffic acquisition. You are essentially in pursuit of better targeting, performance, and clear metrics to drive your retail media network selection in the estimated 100 billion US dollars annual revenue retail media network space. These networks are often characterised by margins as high as 50% so we look at retail media networks and marketplace models, and identify what's happening there.

Meta & Google 2022 Q1  earning reports made available public last week reveal certain challenges and opportunities for the future. Youtube was a particularly interesting one, at least that’s what experts are saying. They faced slowdowns in video consumption from the pandemic due to the post-pandemic behavioral shift of users and increasing competition from TikTok.

Google on the other hand raises concerns about increasing traffic acquisition costs. But we also must look at their click growth, up 12% year over.

Retailers who are winning at acquisition right now are going to be the people who are winning in the longer term.

About smec (Smarter Ecommerce):

At smec - Smarter Ecommerce, we specialize in transforming business goals into optimized ad campaigns. With over 16 years of experience in Google & Microsoft Ads, our intelligent software and expert services help retailers achieve superior results.

We're committed to giving you the tools and insights needed to stay ahead in the ever-evolving world of digital advertising.

Make sure to follow smec - Smarter Ecommerce for more performance marketing insights:

• smec - Smarter Ecommerce: https://www.smarter-ecommerce.com
• LinkedIn: https://linkedin.com/company/smarter-ecommerce-gmbh
• Newsletter: https://smarter-ecommerce.com/en/newsletter/
• Instagram: https://www.instagram.com/smarterecommerce/

Competitive differentiation is key to marketing a diverse product portfolio, and it depends on the customer segment you target. It requires in-depth understanding of your customers’ concerns and behavior. Questions we had to ask: What are the jobs our customers do, how can our products support, and what are the competitive alternatives?  Here we look at how Sean McGinnis, KURU footwear President and Integrator, breaks the product portfolio down into its product categories, product lines, and added highly-faceted attributes.
This podcast episode takes you through customer-oriented micro funnels to understand how KURU increased its conversion rates.

About smec (Smarter Ecommerce):

At smec - Smarter Ecommerce, we specialize in transforming business goals into optimized ad campaigns. With over 16 years of experience in Google & Microsoft Ads, our intelligent software and expert services help retailers achieve superior results.

We're committed to giving you the tools and insights needed to stay ahead in the ever-evolving world of digital advertising.

Make sure to follow smec - Smarter Ecommerce for more performance marketing insights:

• smec - Smarter Ecommerce: https://www.smarter-ecommerce.com
• LinkedIn: https://linkedin.com/company/smarter-ecommerce-gmbh
• Newsletter: https://smarter-ecommerce.com/en/newsletter/
• Instagram: https://www.instagram.com/smarterecommerce/

Performance Max campaigns are a new way of automatically purchasing Ad inventory across Google’s entire network. PMax will replace other campaign types such as Smart Shopping and Local Campaigns later this year – leaving advertisers in a scramble to experiment with and understand this new technology.
This podcast episode keeps you up to speed with the features, challenges and opportunities of PMax campaign implementation. Are you ready for Ad campaigns of tomorrow?

About smec (Smarter Ecommerce):

At smec - Smarter Ecommerce, we specialize in transforming business goals into optimized ad campaigns. With over 16 years of experience in Google & Microsoft Ads, our intelligent software and expert services help retailers achieve superior results.

We're committed to giving you the tools and insights needed to stay ahead in the ever-evolving world of digital advertising.

Make sure to follow smec - Smarter Ecommerce for more performance marketing insights:

• smec - Smarter Ecommerce: https://www.smarter-ecommerce.com
• LinkedIn: https://linkedin.com/company/smarter-ecommerce-gmbh
• Newsletter: https://smarter-ecommerce.com/en/newsletter/
• Instagram: https://www.instagram.com/smarterecommerce/

Inflation is here, so is the rise in demand, disruption in the supply chain, and changes in the ecommerce universe. This podcast episode looks at the rise of inflation in the macroeconomic environment and its impact on consumers and online retailers. It aims to provide reasoning to decisions we can take now to deal with the changes in the macroeconomic environment.

How did we get here? Is inflation here to stay?
How are consumers handling the environment?
What is the effect on retailers?
What is the impact on durable consumer products?
How have companies coped with the disruptions in the operating environment?

These are only some of the questions we tackle in this episode. Listen to Ralph Mayr, smec's product manager, and our podcast host, Mike Ryan as they discuss the impact of inflation on online retailers and the ecommerce industry.

About smec (Smarter Ecommerce):

At smec - Smarter Ecommerce, we specialize in transforming business goals into optimized ad campaigns. With over 16 years of experience in Google & Microsoft Ads, our intelligent software and expert services help retailers achieve superior results.

We're committed to giving you the tools and insights needed to stay ahead in the ever-evolving world of digital advertising.

Make sure to follow smec - Smarter Ecommerce for more performance marketing insights:

• smec - Smarter Ecommerce: https://www.smarter-ecommerce.com
• LinkedIn: https://linkedin.com/company/smarter-ecommerce-gmbh
• Newsletter: https://smarter-ecommerce.com/en/newsletter/
• Instagram: https://www.instagram.com/smarterecommerce/

This episode looks at smec’s recent participation at NRF 2022,  Retail’s Big Show taking place in New York. 

How have companies coped with the disruptions in operating environment ? 
How are industry leaders keeping their pace with data collection?
What are the main differences in customer experience?

Listen to Ralph Mayr, smec's product manager, Michael Weichselbaumer, smec's director of client data strategy and one of our podcast hosts, Maria Holzinger as they discuss key NRF takeaways and its implications on changing retail environment.

About smec (Smarter Ecommerce):

At smec - Smarter Ecommerce, we specialize in transforming business goals into optimized ad campaigns. With over 16 years of experience in Google & Microsoft Ads, our intelligent software and expert services help retailers achieve superior results.

We're committed to giving you the tools and insights needed to stay ahead in the ever-evolving world of digital advertising.

Make sure to follow smec - Smarter Ecommerce for more performance marketing insights:

• smec - Smarter Ecommerce: https://www.smarter-ecommerce.com
• LinkedIn: https://linkedin.com/company/smarter-ecommerce-gmbh
• Newsletter: https://smarter-ecommerce.com/en/newsletter/
• Instagram: https://www.instagram.com/smarterecommerce/

ROAS is a seemingly mundane marketing metric, calculated as the ratio of revenue to advertising costs. And yet it is so much more than that.

In this episode Mike Ryan will talk about ROAS, it's alternatives and why you should consider ditching this metric for something more effective.

Read more in this article: https://bit.ly/3KbV3zz

About smec (Smarter Ecommerce):

At smec - Smarter Ecommerce, we specialize in transforming business goals into optimized ad campaigns. With over 16 years of experience in Google & Microsoft Ads, our intelligent software and expert services help retailers achieve superior results.

We're committed to giving you the tools and insights needed to stay ahead in the ever-evolving world of digital advertising.

Make sure to follow smec - Smarter Ecommerce for more performance marketing insights:

• smec - Smarter Ecommerce: https://www.smarter-ecommerce.com
• LinkedIn: https://linkedin.com/company/smarter-ecommerce-gmbh
• Newsletter: https://smarter-ecommerce.com/en/newsletter/
• Instagram: https://www.instagram.com/smarterecommerce/

What does the future of ecommerce hold? How can retailers thrive in 2022 and beyond?
Listen to Brian McBride, former chairman of ASOS & CEO of Amazon UK, Tristan Horx, futurist at zukunftsInstitut, Jan Radanitsch, CEO at smec and podcast host Mike Ryan, Head of Retail Insights at smec, as they talk about how to prevail as an online retailer in the ever changing world of ecommerce.

About smec (Smarter Ecommerce):

At smec - Smarter Ecommerce, we specialize in transforming business goals into optimized ad campaigns. With over 16 years of experience in Google & Microsoft Ads, our intelligent software and expert services help retailers achieve superior results.

We're committed to giving you the tools and insights needed to stay ahead in the ever-evolving world of digital advertising.

Make sure to follow smec - Smarter Ecommerce for more performance marketing insights:

• smec - Smarter Ecommerce: https://www.smarter-ecommerce.com
• LinkedIn: https://linkedin.com/company/smarter-ecommerce-gmbh
• Newsletter: https://smarter-ecommerce.com/en/newsletter/
• Instagram: https://www.instagram.com/smarterecommerce/