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E231: Focusing on a New Product When Existing Ones Aren't Selling Well: A Baby Brand Story

E231: Focusing on a New Product When Existing Ones Aren't Selling Well: A Baby Brand Story

FromThe Ecomcrew Ecommerce Podcast


E231: Focusing on a New Product When Existing Ones Aren't Selling Well: A Baby Brand Story

FromThe Ecomcrew Ecommerce Podcast

ratings:
Length:
62 minutes
Released:
Mar 14, 2019
Format:
Podcast episode

Description

This Under the Hood episode is unique and perhaps unexpected. I’m joined by Speck Hansen of earthMonkeys, a brand that sells plush stuffed animals. The company’s underlying mission is “for moms that wanna get their kids using less screen time and getting out and doing more physical activities through adventure.” You might say that his products are in direct competition with those sold under one of our brands. However, I’m a firm believer that there’s enough business for everyone out there. And by having the opportunity to talk to him about his business and answer his questions, we would be providing greater value to those who are interested in entering the baby niche with these products or those who want to expand their existing product line to include plush toys. Here are some of the salient points from the interview. Word of mouth is an important marketing strategy when selling plush toys. New parents will often befriend other new parents. New moms, in particular, may get advice on baby products from other news moms in their circle. In some cases, you can earn a much better profit by having quantities of products for one SKU and selling them at higher prices. Having a promotional strategy that can tie into plush toys and help kids develop an affinity for them is always a plus. Include 1-2 images on your listing that functions like an infographic. It should go into detail about the features that the toy has. Under the Hood is a segment where we do an hour-long coaching call with one of our listeners. We take a look at their businesses, provide honest feedback, offer our best business advice, and answer whatever questions they have. In exchange for the free coaching, we will turn the call into a podcast episode so that our community can benefit as well. It’s a win-win! EcomCrew Premium is Open We’re reopening Premium until March 18th! Get access to full-length courses, twice monthly private webinars, and unlimited 1 on 1 email coaching with Mike and Dave. Register here! New Episodes of 5 Minute Pitch A pre-tea company seeking seed money and a passionate mom and designer who wants to spread joy to kids. Tune in to the 5 Minute Pitch. New episodes published weekly until the final round in May at the Sellers Summit 2019. Sign up for The EcomCrew Roadshow Need onsite and personalized advice for your struggling ecommerce business? Sign up for the EcomCrew Roadshow. Read more about it here. Finally, if you enjoyed listening and think this episode has been useful to you, please take a moment to leave us a review on iTunes. If you have any questions or comments, feel free to leave them below. Happy selling!
Released:
Mar 14, 2019
Format:
Podcast episode

Titles in the series (100)

An eCommerce podcast for store owners, hosted by 7-figure store owners Mike Jackness and Dave Bryant. We cover everything in eCommerce from Shopify, to Amazon FBA. From email marketing, to Facebook Ads. Never before has there been a podcast with store owners who are so candid. Subscribe to the Ecomcrew podcast today!