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Talk Commerce
Trailer
Bonus
Episode 73
Season 1
Is the future V-Commerce? with Dick Polipnick
- Dick says they're the founder and CEO of online growth systems, and they compete competitively in parkour. Brent asks where do you think the future of commerce is going. Dick notes that the next iteration of commerce is v commerce or voice commerce.
- Dick says Siri is going to integrate with commerce. Dick notes that they're going to get a commission on every dollar that gets sold through Siri. Dick mentions that voice commerce is going to be big, and a lot of ecommerce companies have seen traction in those areas. Dick talks about how you can optimize your current ecommerce site to be integrated with voice buyers. Dick says virtual and augmented reality is going to be the future of commerce.
- Brent mentions how coaching and business coaching can be done virtually. Brent says the next thing coming from voice reality is voice commerce. Brent notes that merchants worry about Alexa looking at the amazon store first and the rest of the list. Dick mentions that the best way to optimize for SEO is to write it in a way that people would speak. Dick talks about how you want to make sure you're ranking for keywords that are written the way people talk.
- Brent mentions that google has consistently changed what they look for. Dick says a good way to test this is to bring out your own phone. Dick mentions that field test it. Dick talks about how blogs are a great way to do it, writing articles and having that be a part of the process. Dick mentions that the third way is a frequently asked questions page, which is powerful for voice search engine optimization.
- Brent notes that ten years ago they worked on midwest hydroponics, and they built an faq section. Brent mentions that if they are going to write a blog article, make sure they link to the product they want them to buy. Dick says the manual way to do it is to look at your website and identify how many links are on each page. Brent mentions that you can integrate different features to add something like one to three different articles that they could read thereafter.
- Dick notes that bucky supply was successful before they started helping them, and they were successful after. Dick mentions that Ryan, one of the co-founders of Bulk Reef Supply, was an expert and came up with his own tank food. Dick says if you want to get momentum, do take the amazon playbook.
- Brent talks about how merchants don't always look at being the leader in their community, and that bulk reef supply has done well by getting down into that community from the ground up. Brent notes that there are other companies that are building communities that are keeping people involved. Dick talks about how youtube is exclusively marketing to other people who are consuming youtube, and they only charge you for the volume of what you're using it.
- Brent discusses the idea that in the past lost leaders would physically sell something. Brent notes that they’re trying to get people to do the same thing. Brent mentions that a lot of smaller business owners forget that if they have a tool like Magento or BigCommerce, a lot of those things are built-in. Brent talks about how it’s important to understand getting people to sign up for a newsletter. Brent mentions that google analytics is a great tool to determine where they’re going and where they’re exiting.
- Dick notes that ecommerce clients created a brand new product category. Dick says there was a different marketing approach to get the product in front of customers. Dick notes that they would create a video that's less than a minute long and put it on social channels. Dick talks about how you got 30 seconds in an elevator to pitch to an investor, and you got less than 10 seconds on your Instagram feed. Dick mentions that you need to capture attention quickly and communicate the value they're going to get and give them that call to action.
- Brent talks about how to look up Entrepreneurs' Organization for advice. Brent notes that there are many opportunities for small business owners to get knowledge. Brent talks about how right now is the best time to be in ecommerce because you have the same tools the big companies have. Brent says you can list your products on amazon and utilize their network to get products.
- Dick talks about how a lot of ecommerce companies should consider subscriptions. Dick says everybody is familiar with dollar shave club, and that's a company that's competing for a commodity, it's disposable, and your lifetime value is greater. Dick mentions that you can put a unique spin on this and make an e-commerce brand or ecommerce company with a monthly subscription. Dick talks about how part of the value is that you don't know what you're going to get every month.
- Brent notes that the fish of the month club was a great model to get people interested in a product. Brent talks about how entrepreneurs are a different breed and don't always act the same way. Dick notes that the Entrepreneurs Organization has an accelerator program for companies that are between $250,000 in annual revenue and a million in annual revenue. Dick talks about how it's a great way to learn a lot.
- Brent says Andrew Dunman was one of the partners at bulk reef supply. Brent notes that it’s been a great conversation and look forward to the next one.