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eCommerce Innovation Lab presents eCommerce Strategy Map

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Anastasia Mukherjee

on 17 August 2016

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Transcript of eCommerce Innovation Lab presents eCommerce Strategy Map

eCommerce
Innovation Lab

presents
Identify
Market Opportunities

Build your

Digital Brand

Industry Resources
- Google's Global Market Finder
- SimilarWeb to analyze competition & identify niche sites
- CS Market Insight Reports
- Frost & Sullivan's Market Insight Reports
- Amazon, eBay, JD.com, etc. (search for similar products)
Resources
Success
Stories

eCommerce Strategy Map
International Trade Specialist
Visit...
export.gov/eCommerce
https://www.export.gov/eCommerce
Our website
export.gov/locations
http://2016.export.gov/usoffices/index.asp
eCommerce
Strategy Map

Optimize your
User Experience

Price
your Products

Protect
your Brand

Ship

your Products

GET PAID
Manage

After-sales Services

Choose right
Channel Mix

Industry Resources
Industry Resources
- SEO
https://toolbox.seositecheckup.com/
- Similarweb.com
- Outbound Marketing
https://app.hubspot.com/login/academy/register?locale=en
- Content production (video/articles)
- Social Media

Identify Problem
Examples
Challenges and
opportunities
Examples
Success and what comes next
Examples
http://WWW.youtube.com
http://2016.export.gov/articles/successstories/index.asp
Considerations
Considerations
Considerations
Considerations
Considerations
Considerations
Considerations
Considerations
Are you committed to a long-term brand building strategy?
What digital medium will suit you and your products best? Video, articles, photos, TV shopping
What assets do you already have that could help build a "content commerce" play? Tutorials, user-driven content? Cosmetics company with make-up "how-to" videos, etc.
What social media platform would give you maximum exposure to your potential customers?
How do you leverage online analytics tools to grow your digital presence? Analyze your competitors as well as your own site in-country.
Do your overseas partners have a digital marketing strategy? How will you leverage their knowledge of their domestic digital media channels to build your brand?
Considerations
Is your product easily found in the local market?
Is the marketshare across your product category fragmented in the local market or is there a dominant player?
Are there policy/regulatory trends that you can take advantage of in a particular market?
Are there local challenges in cold-chain, quality control, logistics, techology integration, etc. that make your product more desirable?
What online tools are readily available to perform a basic market analysis?
Do you currently sell your products online in the U.S.?
Does your US website show up in overseas search engines without marketing?
Is your product unique and not found in local markets? ie obscure B2B after-market auto part
Are you aware of marketplace options available in your target markets?
Would a local distributor want to purchase your product outright?

How does your site perform when accessed from a different market?
Is your inquiry and check-out process foreign-buyer friendly?
If you choose to drive consumers to your US-based or overseas corporate-owned platform, do you have a payment gateway that accepts foreign currency and repatriates funds?
Is your website mobile optimized?
Is your website translated/has options to use Google Translate?
Will the marketplace you work with help you optimize?

Have you accounted for landed costs, ie. Product registration, duties and taxes, shipping costs, etc.?
What is your competitive landscape in the target market?
Are your consumers price sensitive?
Would you be able to position as a premium product which would warrant a higher price?
Are you aware of and abiding by foreign laws and regulations (business licenses, FDA equivalent, power usage requirements, prohibited ingredients, etc.)?
Are you screening your customer to ensure buyers are approved to receive U.S. goods (review sanctions lists and perform denied parties screening)?
Do the target markets acknowledge US patent laws? Do you need to register or certify your products?

Have you considered international fulfilment and logistics? General logistics, complicated by Delivery Duty Paid terms
De minimis triggers (duties/taxes vary based on quantity, aggregate values etc.)
Export documentation (certificate of origin, ACE customs declaration, bill of lading, commercial invoice, etc.)
Who is your carrier? Are they suitable for your specific needs?
Will your customers wait for your product?
Will your production/compliance/tax liabilities increase or decrease if you fulfill direct to consumer from the U.S.?

Payments and Fraud Prevention – International Payment Platform
What e-payment types are commonly acceptable in your target market?
Are you ready to receive payment in the currency of the foreign buyer?
Is a legal entity required in the region for payment processing?
Where does your marketplace's responsibilities begin/end on tax payments of revenue?
What % service fees do marketplace platforms vs. 3rd party payment gateways take out for their service?

Warranties and Returns
What U.S. and foreign customer service do you currently offer?
Have you considered language and time zone differences?
What to do with the returned product?
Ship back to your US warehouse
Liquidate in-country
Refurbish in-country or back in the U.S.
Trash
Do you know the standard return policies & culture in your target markets?
Is your product complex and prone to online customer guidance?

Pillar One of Four:
Empower the Commercial Services' Trade Specialists
to counsel clients on eCommerce opportunities
and strategies through off-line professional development programs and online resources.
Global eCommerce Team
2 full-time staff
15 Global eCommerce Trade Specialists
43 Salesforce Chatter Group Followers
45 “EILTEAM” group email recipients
Digital Attaché Integrated

Richard Carpenter
CS Chicago IL

Susan Hettleman
CS New York NY

Suzette Nickle
CS Denver CO

Young Oh
CS Seattle WA

LeeAnne Haworth
CS Pittsburgh PA

Leslie Cole
Industry and Analysis

Matthew Poole
CS Chicago IL

Molly Ho
CS Long Island NY

Patrick Hope
CS Rockford IL

Amy Freedman
CS Cleveland OH

Anastacia Mukherjee
CS Columbia NC

Colleen Fisher
CS Atlanta GA

Dan (Kyungsoo) Kim
CS Chicago IL

David Roman
CS Harlem NY
Training program
Off-line certification course
IRCE - Chicago (June)
Retail Big Show – NY(January)
Quarterly internal web-based training

Pillar Two of Four: Align the Commercial Service’s menu
to immediately address eCommerce-focused clients’ needs.

Website Globalization
Virtual Product Pitch
Pillar Three of Four: Build private-sector partnerships
that leverage shared data, expertise and resources in support of SME exports through eCommerce.



3rd party onto export.gov
CS content onto 3rd party
Industry Tools
www.DutyCalculator.com
https://toolbox.seositecheckup.com
username: eil@trade.gov
password: eCommerce
Industry resources
Pillar Four of Four: Coordinate across ITA teams
and initiatives, to support a singular ITA eCommerce strategy that addresses trade barriers and policy issues immediately impacting the SME online seller.


What to Consider:
Building Your Digital Brand
Identifying Market Opportunities
Choosing the Right Channel Mix
Protecting Your Brand
Optimizing Your User Experience
Pricing Your Products
Shipping Your Products
Getting Paid
After Sales Services

-Informational Website
-Entices visitors
-Passive
-Non-transactional
-Company Website
-Shopping cart feature & additional marketplace storefront
-Proactive
-Transactional
Newsletter
eCommerce client spectrum
mCommerce - 30 to 50% of all current global online traffic comes from a mobile device.

cCommerce - "52% of consumers who watch product videos say those videos make them more confident about purchases" Invodo


https://www.internetretailer.com/2012/04/05/online-videos-help-build-confidence-purchases
http://www.export.gov/article?id=Consumer-Behavior-Preferences-eCommerce-Guide-2


https://translate.google.com/globalmarketfinder
Sell from your own US-based site
Leverage Authenticity
Bypassing Some Market Barriers
Own your analytics
No brand recognition/overseas traffic
Embedded payment gateway needed
Logistics Partner required
In-house tech support
Lack aftersales service options

3rd Party Sites (Marketplace/Platforms)
Lots of Customer Traffic
Content & Nav in Local Language
Payment Received in Other Currencies
Local after-sales service (depends)
Local Presence Required
Lots of Competition
Lack of control of customer data
Potential lack of control of pricing

Sell from your own in-country site
Own Data & Design
Flexible Content
Control your brand
Pricing autonomy
Less Traffic
Localized language Options
ICP License Req.
Third-party logistics
Third-party payment gateways

Sell to in-country distributor - B2B
Immediate purchase of product
Simple/fewer transactions
Requires interested Dist.
Smaller margins
No ‘C’ – Lack of localized info
Vetting Process
Off-line Negotiations
Distant brand management

Industry Resources
- www.DutyCalculator.com
Industry Resources
- Web Developers Guide (TBD)
Delivered duty paid (DDP) is a transaction where the seller pays for the total costs associated with transporting goods and is fully responsible for the goods until they are received and transferred to the buyer.
Industry Resources
- iGlobalStores.com
- BorderFree
- Fedex Crossborder
- iParcel
- Global Link - http://www.gld-usa.com/
Industry Resources
PlanetPayment.com
PayPal
USForex
VAT International - http://www.vatinternational.com/
Inbound Marketing
Google Analytics

Google AdWords
Video Tutorials
Resource Documents
Full transcript