Brother Business Ambitions: The mind of a mentor
In early 2011, Smarta teamed up with technology firm Brother to
create a unique mentoring competition: Brother Business
Ambitions. Each fortnight, a different entrepreneur mentor
would take the reins and answer questions from troubled start-ups
and bemused business owners. The best question from each session
won a two-hour, face-to-face mentoring session with the featured
expert.
In the penultimate fortnight, Simon Duffy, co-founder of Bulldog
Natural Grooming (one of the leading e-commerce businesses for
men's grooming products in the UK) fielded questions about online
marketing, branding and boosting traffic.
The top question was posed by Joelle Seksum, founder of brand
new online bag retailer Josoblu.co.uk. Here is her query:
"My partner and I recently launched an online
bag retailer - www.josoblu.co.uk - and are
keen to considerably boost visitors to the site. What's the
quickest way of doing this?"
Simon's advice was this:
"I think you're doing lots of excellent things. Keep
updating the site with new content and inbound links, and make sure
you include lots of languages in the site that are relevant to the
bags you sell.
Perhaps you could also start to offer your bags as prizes
for other websites, start your own newsletter, or contribute to
other websites or blogs with links back to your own
site?
Search for as many ways as you can to get new people to
learn about your site and give them a reason to visit you. I'm not
sure there is a quick fix - you need to dedicate time and
effort to building your brand."
Joelle's question won the fledgling entrepreneur a mentoring
session with Simon. They met at Bulldog HQ in Ladroke Grove to
discuss her business in more depth. Here are some of the issues
that Joelle discussed with her mentor:
- Is the Josoblu business model sustainable?
- How could the website be improved?
- What are the best ways to secure overseas distribution?
- And finally, how could Joelle start selling her products
offline, as well as through the website.
Here are Simon's key points:
1. Develop a sustainable business model
Beware of holding too much stock or featuring too many products
on your site. Always calculate necessary stock-holdings based on
your current run rate of sales.
In the beginning, it's best to feature a much smaller number of
products; it's far more manageable when you are controlling sales,
branding, marketing and distribution all on your own.
Forecasting is a key skill for any business. As your business
develops, you'll get much better visibility on the volumes you'll
expect to sell direct to consumers through your website, or to any
retail partner or distribution company you may come to work with.
An ideal model would see you purchasing only the stock you need to
fulfill your online sales and retailer commitments.
In the short term, managing your business to this strategy will
require an entrepreneurial approach to clearing out your old stock.
You're lucky that bags don't have a shelf life. You should develop
a framework for how you partner with different companies to pursue
this goal. I would focus on getting paid up front and trying to
recover your initial investment in your stock.
2. Boost website performance
There's no silver bullet for jump-shifting performance. You're
doing many good things already. Personally I would focus on the
following things going forward to help your performance:
-Make your site as relevant to Google's search engine as you can
by including lots of relevant content, keeping it up to date with
new posts, and building as many links as you can.
-I believe there is currently too much choice on the site.
Consumers may prefer a more curated collection of options.
Currently the sheer number of bags may feel a little overwhelming
to some of your visitors.
-I imagine that selling bags is difficult online as consumers
don't have the opportunity to touch or see the bags for themselves.
In my opinion it would be better to have a smaller choice in terms
of variants, but for each variant to be presented in a more
detailed and beautiful way. I would love to see several images for
each bag. For example some close-up shots of key details, and some
images styled with a person carrying the bag may be really helpful
to converting sales.
-Product reviews by consumers are a good way for online
retailers to build trust. Can you include some of these?
-I believe your url should match the brand name. Perhaps
you should consider focusing on one brand from the three, or
launching a different site for each brand. Either way, Josoblu is
not going to be an intuitive search term for someone who becomes
aware of one of your three brands.
-It's worth checking out "Big Commerce" as an online engine. It
has loads of useful functionality and may provide a better solution
than your current provider.
-We use a professional pack photographer - Rachel Pearce from
Nohalide Digital Photography. If you would like me to introduce
you, let me know.
3. Selling overseas
Sweden was a perfect way for Bulldog to start exporting. It's
close enough to easily visit in a day so you can be hands-on in the
first stages. It's an important market for skincare but certainly
not the largest one. We liked this as we wanted to test and learn
the first time through.
Work as hard as you can to find great people who you trust.
Spend as much time as required to ensure that everyone fully
understands what that expectations will be. Ensure you work with a
legal expert to handle any contracts.
Check out UKTI's website. You should be able to arrange for a
business development manager to come and meet you. "The Passport to
Export" program is worth exploring if you're interested in building
a strategy for overseas sales.
4. Getting on to UK high streets
We discussed how launching in a prestigious retailer such as
John Lewis could overlap with your online strategy. Certainly
getting some of your key products into this retailer would help
build credibility and awareness for your brand.
Work hard on creating the best possible impression on the buyer
as you can through all points of communication, be that email,
phone, posted mail and samples. Definitely let them know all about
those recent awards you told me about. They will be looking for
something unique, fun and exciting for their customers. I'd
certainly considering offering a partner such as this exclusive
products in order to help secure a distribution deal.
Check out the Brother
Business Ambitions competition page
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