Catalyst, Day Two Quick Report – eBay – Google – Scot Wingo

It is now almost the end of Day 2 here at Catalyst.  I have a great deal of information to share, but alas I am due at the resort club for a special dinner.  I am in my room just doing a quick freshen up before dining at the famous Pinehurst Club.

In summary for day 2, I will say that Scot Wingo presents himself as a straight shooter across the board, not that anyone would think otherwise.  The entire keynote presentation he made this morning was well thought out and included real meat for online merchants.  Later Scot presided over a forum-type of presentation giving a synopsis of how several ChannelAdvisor client companies had grown their online businesses from "Infancy" to full "Adulthood" as Internet merchants.  One notable comment by Scot was, "eBay is like training wheels for eCommerce."  Very Interesting...

eBay & Paypal combined forces for a presentation which revealed a certain nervousness from Stephanie Tilenius, the new head of North American operations for eBay. It is obvious that eBay has suddenly realized that merchants are actively seeking new channels to sell goods.  A great deal of anguish over recent and some long term problems at eBay was expressed by the audience in the question and answer period after the joint speech. Stephanie Tilenius indicated that we have yet to see the end of drastic changes at eBay and said, "by this time next year we will not recognize eBay.com compared with how it looks today."   Interesting yet cryptic quotes.  To be fair, I should say that Stephanie's handling of the questions which were presented by less than friendly voices was both calm and well thought out.  But no specifics were given to sellers which would allow them to allay fears over the recent and coming changes at eBay.

Google's presentation later in the day by Vince Monical, head of Google's eCommerce and Analytics team, included a lot of interesting facts about the methodology of search.  A great deal of emphasis was placed upon the effectiveness of the site's analytics product, Google site comparison and the multitude of eBay "Cloud" apps which can be run from any computer anywhere, like Google Docs & Spreadsheets.  The effectiveness of Google checkout was also touted but it did not seem as though the audience had been sold.  In fact, the last session of the day included a 10 person focus group of local citizens in Pinehurst, NC, who shop online.  Not one of those people raised their hand when asked if they were familiar with or would prefer Google checkout over any other type of checkout.  Several members of the focus group were familiar with PayPal however.  Some work needed there for Google.

There is still so much to cover and write about today.  One main thought though...if you hesitated about coming to Catalyst for any reason in the past - maybe because you thought it was just a sales pitch for ChannelAdvisor - put that thought out of your head.  This conference is worth every penny of admission.  The ChannelAdvisor people, from top to bottom, seem to honestly want to help online merchants improve with solid information.  There are many views expressed here, and not all of them coincide with what could be expected from a rah rah self-promoting conference, which this is not.  And I can say that I am simply glad that I spent my day here today.

I have only covered about 1% of the notes I jotted down in today's sessions. More is available to write about for sure, including real commentary about social networking marketing, small business life-cycle models for Internet sales, eBay based trade up programs used very successfully by online merchants in the Golf category and much more.

Stop back by and I will try to put into words all I learned today, but for now I must get to the dinner and try to absorb even more useful information from the people attending and presenting here at Catalyst.   

ChannelAdvisor Catalyst @ Pinehurst Day 1 Complete – Quick Notes

Catalyst is the name of the ChannelAdvisor conference held once a year each in North Carolina, London, England & Queensland, Australia. 

As most of you may already know, ChannelAdvisor is a very large and diverse multi-channel management solution.  The conference named Catalyst is much more than a sales pitch for ChannelAdvisors various online sales solutions.  At Catalyst, attendees find service and solutions providers covering a complete spectrum of ecommerce and online merchant business.

The solutions presented are from eBay and Paypal to Google, Overstock, Hosted Solutions, Frooition, AsWas, American Express, ShipWorks and more.  The business of doing retail business online is covered at this conference.

PinehurstWe all arrived at Pinehurst, the fabulous golf resort in the Sandhills of North Carolina (originally built in 1895) and were greeted by the very gentile and accommodating staff.  I spent the afternoon settling into my room in the Manor (built in 1923) and checking out the shops & restaurants in the village at Pinehurst. 

The first day's event schedule was consumed mostly by a Golf tournament event. 

The opening keynote speech featuring Chris Shimojima, VP of global electronic commerce for Nike, started at 6PM in the Grand Ballroom of the main historic Carolina Hotel at Pinehurst.

Mr. Shimojima's keynote was a fine example of Nike marketing.  It highlighted two of Nike's newest products and marketing programs, Nike + and Nike iD

The point of the speech was apparently intended to inspire the audience to look for innovative ways to reach a target audience.  While that point is quite valid, in my opinion the speech was more of a marketing spiel for Nike and less an inspirational or educational effort meant to teach the audience how to succeed as marketers in new and innovative ways.  I say this because the two examples Nike presented here (Nike +, a custom shoe configurator) and (Nike ID, an electronic device which tracks runs and provides feedback via the Ipod and your computer) could only be accomplished as marketing programs by a company such as Nike with a development and marketing budget to match.  

When I presented this point to Mr. Shimojima after his speech in open question form, he responded that Nike does not have a large marketing budget.  I found his response to be a bit off base, especially after just witnessing the presentation which highlighted a 6 year development time on one project, multi-million dollar "test" marketing retail locations in Tokyo, New York City and London, and endorsements from movie and TV stars and professional athletes including Tiger Woods. Could this indicate Mr. Shimojinas presentation may have a more appropriate audience on Madison Avenue?

I appreciate ChannelAdvisor's efforts to bring the attendees of Catalyst a real powerful example of how innovation can help a company succeed, but unfortunately in this case the presenter spent more time promoting his own products than sharing real actionable techniques with his audience.  This may have been a bit of an overshoot, a missed-the-runway sort of presentation.  The audience is here trying to learn how to build a business into something like Nike.  The Nike Corporation did not start out with the resources it has available today to innovate in the marketplace.  Maybe a more down to earth example of real world success from a peer or possibly newly minted eCommerce success story would have been more appropriate, rather than hearing words and a sales pitch from the mountaintop of one of the ultimate brands in the world. 

Google – Alexa – eBay – Amazon – Overstock The real story


alexaFull.jpg
Originally uploaded by All Business Auctions

This graph is courtesy of Alexa.com

What the graph clearly shows is the average page views of four of the most popular websites on the internet.

Google- Green

eBay - Blue

Amazon - Maroon

Overstock - Gold (Way at the bottom)

This graph shows the last 5 years of page views for these sites. While Google obviously has good reason to be pleased with itself, we can clearly see the graph is trending downward for both eBay and Amazon, eBay is still getting more average page views than Amazon however and has done so over the entire period.

What is really interesting here is how eBay traffic has been trending downward - this holds true with all three Alexa quantifiers Reach, Rank and Page Views. The most interesting piece of information is that this trend also holds true for Amazon across the board.

Contrary to news reports of Amazon over shadowing eBay in the online sales segment. These reports may bear out when comparing corporate revenues but it does not seem to hold true for raw internet traffic.

Why do we place products on any of these sites?

To get a piece of the traffic we see on these Alexa charts. There is still more average traffic on eBay than any other selling venue available.

Overstock is the tiny line at the bottom of the graph...

Alexa