Podcast

Learn from Fast Growing 7-8 Figure Online Retailers and eCommerce Experts

EPISODE 324 51 mins

How Collaborative Commerce Could Potentially Disrupt Traditional Wholesaling



About the guests

David Perry

Kunle Campbell

David is a veteran from the video game industry having created games for companies such as Disney, 7 Up, McDonald's, Orion Pictures, and Warner Bros. His previous company, Gaikai, developed “Cloud Gaming” and was acquired by Sony PlayStation. Today he is the CEO of a new kind of SaaS e-commerce platform that over 34,000 Shopify brands are already using.



On today’s episode, Kunle is joined by David Perry, Co-Founder & CEO of Carro, a new age eCommerce platform that combines Cross‑Store Sales and Influencer Marketing. The platform already has over 33,000 stores and 7 Million influencers!

 

Every merchant’s dream is to become a one-stop shop for their niche. To be able to sell products that aren’t necessarily in their vertical, yet go perfectly well with what they sell. For almost all merchants, such an operation would be out of reach. The sheer volume of investment and overheads would be overwhelming. All that was true until now. Say hello to Collaborative Commerce.

 

Imagine being able to partner with brands that sell products complimentary to yours and seamlessly sell all those products from your own shopping cart! The possibilities it would open up are endless. Creating bundles and curating products will take on a whole new meaning. Is this the next frontier for online retail?

 

In this episode, Kunle and David talk about reshaping the future of online retail through Collaborative Commerce. You will get to hear about how you can seamlessly extend your sales channels and create product offerings that were previously unthinkable. This is a great episode for business owners and marketers.

 

Here is a summary of some of the most important points made,

    • Carro allows merchants to place relevant products from partner brands to their cart seamlessly
    • Shopify Sales Channels allow you to build marketplaces with multiple suppliers combined together
    • There are roughly 8 million brands in the world and 60 million influencers
    • Brands adopting Collaborative Commerce see a 20-60% growth in revenue
    • Any service can be converted into a SKU and bundled with relevant products

Covered Topics:

On today’s interview Kunle and David discuss,

  • David’s backstory
  • Genesis of Carro
  • Carro’s Functionality
  • Aligning Customer Experience between Partners
  • Shopify Sales Channels
  • Data Sharing Mechanism
  • Profit Sharing
  • Impact on Revenue
  • Creating The Right Mix of SKUs

Timestamp:

  • 08:50 – David’s backstory:
    • Originally from Belfast
    • Taught himself to make Video Games
    • Best known for making Earthrim on Sega Genesis
    • Had planned to retire after selling his last company to Sony
    • Was drawn to eCommerce
  • 11:20 – Co-Founding Carro:
    • He handles investment and tech
    • The co-founder is more focused on product design and relationships
    • Started working on the company on 2017
    • Carro is based on the concept that brands can sell more together
    • Currently have over a million products from over 30000 brands
    • Allow merchants to place relevant products from partner brands to their cart seamlessly
  • 14:55 – Setting up Carro:
    • “A product is basically a product description, images and inventory”
    • Products from other merchants can be seamlessly integrated to your cart
    • The partner brands fulfill their respective products and you make a sale on your site
  • 16:50 – Aligning Customer Experience between Partners:
    • Carro vets brands as best as possible
    • Brands can connect with partners directly to align customer experience
  • 18:50 – Shopify Sales Channels:
    • It allows you to build marketplaces with multiple suppliers combined together
    • It allows you to curate products from different brands and create a unique SKU
    • You can use AI to find optimum products to upsell
  • 24:50 – Data Sharing Mechanism:
    • We don’t own any of the data, it belongs to the brand
    • If they leave the platform, they take their data with them
    • Brands can work out data sharing rules among themselves
    • There are roughly 8 million brands in the world and 60 million influencers
  • 30:00 – Profit Sharing:
    • Margins are decided by the brands themselves
    • But Brands are incentivized to be generous
    • “Awareness is the path to growth”
  • 37:00 – Discovering Carro:
    • They haven’t started marketing yet, it will start on 1st November
    • “This is going to be the biggest Black Friday and Cyber Monday in history”
  • 39:20 – Impact on Revenue:
    • Brands see a 20-60% growth in revenue depending on level of commitment
  • 41:15 – Balance between your and partner products
    • Even services can be converted into a SKU and bundled with products
  • 45:30 – Lightning Round

Lightning Round:

  • Q: Are you a morning person?
    A: No 
  • Q: What are 2 things you can’t live without?
    A: Technology and learning new things 
  • Q: What book are you currently reading?
    A: Listen to audiobooks on Audible 
  • Q: What advice would you give to yourself 5 years ago?
    A: Go ahead and retire 
  • Q: What’s been your best mistake till date? A set back that’s given you the biggest feedback
    A: Starting with influencers first and then going to brands

Takeaways:

  • Brands adopting Collaborative Commerce see a 20-60% growth in revenue
  • Any service can be converted into a SKU and bundled along with relevant products

Links & Resources

Tweetable Quotes:

“A product is basically a product description, images and inventory.”

Facebook Group • Continue the Conversation

The eCommerce GrowthAccelerator Mastermind Facebook Group has just launched.
It is a community…

✔️ for founders and experts passionately involved in eCommerce
✔️ for the truly ambitious wanting to make an impact in the markets they serve
✔️ for those willing and open to help and share with other members

Here is where to apply to join the Facebook group
>>http://bit.ly/ecommercefb<<

———–

SPONSORS:

This episode is brought to you by:

This episode is brought to you by Klaviyo – a growth marketing platform that powers over 25,000 online businesses.
Direct-to-Consumer brands like ColourPop, Huckberry, and Custom Ink rely on Klaviyo.

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About the host:

Kunle Campbell

An ecommerce advisor to ambitious, agile online retailers and funded ecommerce startups seeking exponentially sales growth through scalable customer acquisition, retention, conversion optimisation, product/market fit optimisation and customer referrals.

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