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Talk Commerce - elena- leonova

Power of Sophisticated Commerce: Insights from Spryker’s SVP of Product with Elena Leonova

In this episode of Talk Commerce, Brent Peterson sat down with Elena Leonova, the Senior Vice President of Product at Spryker, to explore the world of complex ecommerce solutions and the art of effective product management.

“Ultimately, what they want to do is they want to run digital commerce, how they’ve been running their commerce practice in general. And that also means that in most of the cases, the available solutions that fit everybody don’t work for them.”

  • Elena Leonova

Navigating the Complexities of Sophisticated Commerce

Elena shared her insights on how Spryker, a digital commerce platform, caters to the needs of large enterprises with intricate business models and processes. She highlighted examples of Spryker’s customers, including those selling to dealers, powering small grocery shops, and managing supply chain complexities for industrial-grade printers.

“We built our platform to specifically be extensible in all those places to solve for those complexities.”

  • Elena Leonova

The Evolution of Product Management Across Platforms

Brent and Elena discussed how Elena’s product management experience evolved as she transitioned from Magento, an open-source platform, to BigCommerce, a multi-tenant SaaS solution, and now to Spryker. They explored the challenges and opportunities that arose in each environment, from managing an ecosystem of partners to navigating the data-rich world of SaaS platforms.

“The role of the product manager is to make sure that we as software company make the right decisions. Ultimately, we’re building a product or a platform that is going to last for many, many years.”

  • Elena Leonova

Mentoring the Next Generation of Product Managers

Elena’s passion for product management extends beyond her work at Spryker. She shared her insights on the importance of understanding the nuances of platform products and the need to balance customer-centric thinking with commercial viability.

“Besides just kind of what we just talked about, the platform products, a lot of people also don’t realize that product management is not about just building the product that customers love. You build products that you ultimately need to sell to customers.”

  • Elena Leonova

As the podcast drew to a close, Elena invited listeners to connect with her to discuss platform products and explore product management mentorship opportunities.

Brent’s Takeaway: Elena’s deep dive into the complexities of sophisticated commerce and her insights on the evolving role of product management were incredibly valuable. Her commitment to mentoring the next generation of product leaders is truly admirable and showcases her dedication to advancing the industry.

WordPress Tags: ecommerce, product management, platform products, Spryker, Magento, BigCommerce, sophisticated commerce, enterprise commerce, mentorship

https://youtu.be/pG9AQ2rIv_0

Key Takeaways:

  • The complexities of sophisticated commerce and how Spryker addresses them
  • The challenges and opportunities of product management in open-source, SaaS, and platform environments
  • The importance of balancing customer-centric thinking with commercial viability in product management
  • Elena’s commitment to mentoring and sharing her knowledge with aspiring product managers

Don’t miss this insightful conversation packed with valuable lessons for anyone interested in the world of ecommerce, product management, and platform-based solutions. Watch now and unlock the power of sophisticated commerce!

Exploring the Ecommerce Landscape with Tim Bucciarelli 

In this episode of Talk Commerce, I had the pleasure of sitting down with Tim Bucciarelli, the Director of Engagement at Iron Plane. Tim brought a wealth of knowledge from his diverse background, covering everything from his daily role to his passion for technology and writing. Our conversation spanned various intriguing topics, including the evolution of ecommerce platforms, the agency-client relationship, and speculative trends shaping the future of ecommerce. If you’re navigating the ecommerce landscape or seeking insights into effective client communication and platform selection, this blog post distills key takeaways and personal reflections from our enlightening discussion.

The Multifaceted Role of an Ecommerce Agency

One of the first insights Tim shared was about his role at Iron Plane, which encapsulates marketing, sales, client success, and partnerships. This “engagement” role is crucial because it ensures a cohesive approach to interacting with all stakeholders. From my perspective, such a role is vital in today’s fragmented digital world, ensuring that all aspects of an ecommerce business are aligned towards common goals.

The Importance of Communication in Client-Agency Relationships

Tim emphasized the significance of open communication in preventing misunderstandings and last-minute surprises, especially when dealing with complex technology projects. This resonated with me deeply. As someone who has been on both sides of the table, I understand how vital clear and timely communication is to the success of any project. It’s about setting the right expectations and being transparent about the process, time, and costs involved.

Navigating Platform Choices: Magento, Shopify, and BigCommerce

Our conversation took an interesting turn when discussing the differences between being a merchant and an agency, particularly in terms of platform choices. Tim’s journey from a Magento merchant to advocating for BigCommerce and Shopify highlighted the evolving needs of ecommerce businesses. It’s a reminder that there is no one-size-fits-all solution; the choice depends on a myriad of factors including business size, budget, and long-term objectives.

The Future of Ecommerce Platforms

Looking at the future, we delved into the potential shifts in the ecommerce platform landscape, including the role of open source solutions like Magento and emerging players like Shopware. This part of our discussion underscored the importance of adaptability and forward-thinking in selecting an ecommerce platform. It’s not just about what works now but what will support growth and adapt to changing market dynamics in the future.

Total Cost of Ownership and the ROI of Ecommerce Investments

A critical takeaway from our talk was the concept of total cost of ownership and its impact on platform selection. As Tim aptly pointed out, businesses need to consider not just the upfront costs but the long-term investment in a platform. This is where insights from an experienced agency like Iron Plane can be invaluable, helping businesses make informed decisions that align with their financial and operational goals.

Thoughts on what we heard:

Our discussion with Tim Bucciarelli was a deep dive into the intricacies of the ecommerce ecosystem. Through his insights, we explored the importance of engagement, communication, and strategic platform selection. The ecommerce world is vast and complex, but with the right approach and guidance, businesses can navigate it successfully. Whether you’re considering a platform switch, looking to improve client-agency relations, or simply curious about the future of ecommerce, there’s a wealth of knowledge to be gleaned from this conversation.

For those eager to explore these topics further, I encourage you to listen to the full episode of Talk Commerce. And remember, whether you’re an established ecommerce business or just starting, the journey towards success is a continuous learning process. Stay curious, stay informed, and don’t hesitate to seek expert advice when needed.

From Amazon to Everywhere: Navigating the Multichannel Landscape with Jamin Arvig

In a recent podcast episode, I welcomed Jamin Arvig, the co-founder of aiC Brands, a company that owns, operates, builds, and buys e-commerce brands. Jamin is also a co-founder of AIcommerce, a service company that provides multichannel marketing and growth benefits to brands. He is also involved in the Junior Presidents organization, which aims to teach kids about entrepreneurship and starting businesses.

The Importance of Multichannel Strategies for E-commerce Brands

Our conversation quickly shifted to the importance of multichannel strategies for e-commerce brands. Jamin explained that diversification is crucial for business stability and higher valuations. With the increasing competition and costs on platforms like Amazon, having a presence on multiple channels becomes even more important. Additionally, being present across various channels increases brand value and awareness.

Amazon’s Expansion Beyond Its Platform

We also discussed how Amazon is expanding beyond its platform through initiatives like Buy with Prime. Jamin explained that Amazon wants to capture customers who start their product searches elsewhere, and they are partnering with e-commerce platforms like Shopify to grow their infrastructure. Buy with Prime allows brands to leverage Amazon’s fulfillment network and benefit from quick delivery and lower shipping costs.

The Importance of Customer Experience and Branding Strategy

We addressed the misconception that Amazon is a soulless marketplace with limited opportunities for brand differentiation. Jamin explained that Amazon has added various features over the years that allow sellers to tell their brand story, such as branded pages, plus content, ads, comparable products, matrices, and videos. However, he acknowledged that there are still limitations to fully expressing a brand’s story on the Amazon platform.

We emphasized the benefits of creating a customer experience on your own website, where the possibilities are limitless. By leveraging the “Buy with Prime” button, sellers can combine the advantages of Amazon’s two-day shipping and name recognition with the ability to tell their brand story in any way they want on their own site.

The Need for Differentiation

We discussed how having a generic product on Amazon can make it difficult to stand out among the competition. Jamin highlighted the need for differentiation, including a strong supply chain, intellectual property (IP) protection, and a unique customer experience or community. He mentioned that having patents, trademarks, and even an app can make it more challenging for others to copy your product.

Choosing a Platform for Direct Sales

We discussed the considerations that bigger brands must make when choosing a platform for their direct sales. One advantage of using Amazon Prime is the happy feeling that comes with knowing your order will be delivered. However, Shopify Plus charges an additional fee for using an external gateway, and it’s unclear if Prime is even available for Shopify yet. Shopify has limited payment options compared to BigCommerce, which allows more flexibility.

Jamin agreed and added that regardless of the platform, there are costs involved in fulfillment, shipping, and labor. The difference lies in the commission charged by Amazon. He explained that deciding which platform to choose depends on factors like conversion rate increase and overall cost-effectiveness.

Expanding into New Channels

When expanding into new channels, Jamin explained that companies can either invest in building the capability internally, acquire a company with the desired capability, or partner with someone who already has it. He suggests that partnering with a fractional team can be more effective and cost-efficient, especially when resources are limited.

We mentioned aiCommerce as a potential partner, and Jamin agreed, stating that their reason for existing is to serve brands as they explore new channels. He mentioned that many brands achieve success by partnering with them.

Our conversation with Jamin provided valuable insights into the world of e-commerce, the importance of multichannel strategies, and the role of branding in differentiating products on platforms like Amazon. It’s clear that the future of e-commerce lies in diversification, customer experience, and strategic partnerships.

For more podcasts about Commerce

Developing Developer Relations at BigCommerce with Constanze Kratel

We speak with Constanze Kratel, the senior developer relations manager with BigCommerce. Constanze came from Microsoft and had been helping build a more extensive community of developers at BigCommerce. It’s not just developer, developer, a developer like Steve Ballmer used to say. There are lots of fun things in store with BigCommerce, and this episode gives you a taste of what is to come if you’re a developer, project manager, or even a merchant. Lots of good things are happening at Big Commerce.

What’s so special about BigCommerce and GraphQL?

To remain relevant in an increasingly digital world, e-commerce must adopt scalable, fast, and cost-effective technologies. That’s where GraphQL comes in. This blog post will explore why GraphQL will be a game changer for BigCommerce in 2023, how GraphQL can help drive sales and customer engagement within your app, and how it can enhance customer service experiences within your site or app.

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