Article Marketing / Communications 3 min read
Does Your Online Member Marketplace Need an Overhaul?
Many associations have an online marketplace where they sell books, gear, and other swag to members. But not all e-commerce platforms are created equal. An association executive shares his secrets to creating a marketplace that engages members and maximizes sales.
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The holidays have arrived, and that means many of us are shoppingâand weâre doing a lot of it online. Last month, Black Friday broke records (opens in a new tab) for online sales, and last year, 76 percent of U.S. consumers (opens in a new tab) said they did most of their holiday shopping on Amazon. (Youâre welcome, Jeff Bezos.)
Maybe your association is seeing a seasonal bump up in online sales too. I love how the American Chemical Society highlights holiday items on its gift-giving page (opens in a new tab) and how the Brewers Associationâs bookstore (opens in a new tab) has all the required reading for the beer nerd in the family.
This time of year provides a good reminder to associations to promote sales and analyze their membersâ online shopping habits, says Matt Baehr, executive director of the Book Manufacturers Institute, Inc. In addition to his association day job, heâs the owner of Big Frog Custom T-Shirts (opens in a new tab), a custom apparel company with a robust online presence. He says associations should make continuous improvements to their e-commerce platform.
âEven when weâre looking at our own store, weâre always asking questions about how to be better,â Baehr says. âFor an association thatâs selling to members, you have to start with the siteâs intent, then set some overarching goals and work toward testing.â
To take that first step. âthe first question I always ask is: What do you want your online store to do?â he says. âIt can either be in service to your members, or it can be a source of nondues revenue. Sometimes it can be both.â
For associations that look at their online marketplace primarily as a source of nondues revenue, it may be necessary to devote budget and resources to staff, inventory, and logistics to support enough sales to produce a profit. âLike anything, whether itâs books or apparel, there are going to be economies of scale for an association to first consider,â Baehr says.
Smaller-scale operations can consider options like third-party fulfillment and print-on-demand publications, which donât require in-house staff or warehousing to support. This approach makes it easier for a small-staff association to launch and maintain an online store geared to membersâ interests.
But no matter how well-supported and user-friendly your online marketplace is, it wonât produce sales without marketing. Too many associations let their online stores remain hidden in plain sight without adequate promotion, Baehr says.
âAn association might say theyâre marketing to members, but really itâs a single link buried at the bottom of a newsletter. That isnât marketing,â he says. âYou need to focus on your messaging and strategy to get members to buy.â
He suggests tapping into the power of digital word-of-mouth (opens in a new tab) marketing techniques. Consider creating functionality that allows members to rate and review products online, or establish coupon and referral codes that encourage people to buy and recommend products.
âThat could be the nudge someone needs to click âbuy,ââ Baehr says. âAnd itâs the type of incentive that you can test to see if itâs working.â
Does your association maintain an online marketplace? What strategies or tactics have worked well to engage member buyers and help you meet your e-commerce goals? Post your comments below.
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