05.08.2013 Views

New Supplier Success: Learn How to Use ESP Online to Increase ...

New Supplier Success: Learn How to Use ESP Online to Increase ...

New Supplier Success: Learn How to Use ESP Online to Increase ...

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

<strong>New</strong> <strong>Supplier</strong> <strong>Success</strong>:<br />

<strong>Learn</strong> <strong>How</strong> <strong>to</strong> <strong>Use</strong> <strong>ESP</strong><br />

<strong>Online</strong> <strong>to</strong> <strong>Increase</strong> Sales<br />

Candace Hershey<br />

Executive Direc<strong>to</strong>r<br />

<strong>ESP</strong> <strong>Online</strong> Information


Goal<br />

•<br />

•<br />

•<br />

•<br />

•<br />

<strong>Learn</strong> how <strong>to</strong> get your product data <strong>to</strong> us!<br />

<strong>Learn</strong> how <strong>to</strong> review your product data for<br />

accuracy<br />

<strong>Increase</strong> your understanding of:<br />

–<br />

–<br />

–<br />

–<br />

Industry pricing<br />

Image requirements for <strong>ESP</strong> <strong>Online</strong><br />

<strong>Supplier</strong> Ratings<br />

Confirmed Accurate<br />

<strong>Increase</strong> your products views in <strong>ESP</strong> <strong>Online</strong><br />

<strong>Increase</strong> your sales


<strong>ESP</strong> <strong>Online</strong><br />

•<br />

•<br />

•<br />

•<br />

Over 30,000 users<br />

Over 2,000,000 searches per month<br />

800,000 products<br />

Proven <strong>Success</strong><br />

Although it is nearly impossible <strong>to</strong> qualify how every distribu<strong>to</strong>r<br />

came <strong>to</strong> use BamBams as one of their suppliers, we have done<br />

research that suggests that we get 4 times the return on<br />

investment from <strong>ESP</strong> <strong>Online</strong> as compared <strong>to</strong> other online<br />

media. We have many documented success s<strong>to</strong>ries where some<br />

of very best and loyal distribu<strong>to</strong>rs originally found us while<br />

searching on <strong>ESP</strong> <strong>Online</strong>.<br />

Dan Taylor, President BamBams, LLC


Submitting Your Catalog <strong>to</strong> Us:<br />

•<br />

•<br />

•<br />

Electronically<br />

–<br />

–<br />

Preferred Method<br />

ASICentral.com/catalogupload<br />

E-mail<br />

–<br />

–<br />

For smaller catalogs and/or files<br />

<strong>ESP</strong>Update@ASICentral.com<br />

Mail Hardcopy<br />

–<br />

–<br />

Slowest Method<br />

ASI ATT: EIT Dept 4800 Street Road<br />

Trevose, PA 19053


Reviewing Your Product Data for Accuracy:<br />

View your products on the <strong>Supplier</strong><br />

Version of <strong>ESP</strong> <strong>Online</strong><br />

•<br />

•<br />

•<br />

It’s FREE<br />

with membership<br />

Review after every update<br />

At a minimum, every 6 months


What are industry pricing codes?<br />

•<br />

•<br />

List price<br />

– Your ideal retail price for end buyers<br />

Net Price<br />

–<br />

–<br />

–<br />

Price you are willing <strong>to</strong> sell your product <strong>to</strong><br />

distribu<strong>to</strong>rs<br />

“Discount” given <strong>to</strong> distribu<strong>to</strong>rs<br />

Percent discounts utilize letter system<br />

• P represents 50% (easiest <strong>to</strong> calculate!)<br />

• Q represents 45%, R represents 40%<br />

• S represents 35%, T represents 30%


•<br />

•<br />

•<br />

•<br />

•<br />

Images<br />

Distribu<strong>to</strong>rs make decisions by glancing at images<br />

– Need <strong>to</strong> be able <strong>to</strong> identify product at a glance<br />

– Swatches show multiple colors<br />

Bad images<br />

– Do not get added <strong>to</strong> presentations<br />

– Reflects on your overall quality<br />

Digital images<br />

– Digital images display better than scanned images<br />

Logo clarity<br />

– Important <strong>to</strong> highlight logo as well<br />

Requirements:<br />

– Minimum of 600 x 600 pixels, 300 DPI<br />

– Must be on white background


•<br />

•<br />

Descriptions<br />

60% of all searches are keyword<br />

searches<br />

Description used directly from your<br />

catalog<br />

–<br />

–<br />

Bad<br />

•<br />

Good<br />

•<br />

12 oz two <strong>to</strong>ne latte ceramic mug<br />

Black exterior matte 12 oz. tea or latte ceramic coffee mug with<br />

color interior. Great for home, office, corporate events, holiday<br />

gifts. Great logo visibility on a useful and appreciated promotional<br />

item


•<br />

•<br />

Descriptions --<br />

Bad<br />

–<br />

Examples<br />

Ultra slim book light with white LED light. AAA batteries<br />

included, (not inserted).<br />

Good<br />

–<br />

Venture in<strong>to</strong> sales success with the help of this handy<br />

LED book light. The Venture LED book light is slim, sleek<br />

and light weight which makes it convenient for traveling.<br />

Press the lamp head but<strong>to</strong>n and it will light up<br />

au<strong>to</strong>matically. Can also be used as a bookmark.<br />

Batteries included: 2 CR2032 (replaceable).


•<br />

•<br />

Descriptions --<br />

Good<br />

–<br />

Examples<br />

Tote bag is made of 12 cot<strong>to</strong>n canvas and features<br />

strong cross stitched cot<strong>to</strong>n webbed handles with choice<br />

of color. It’s the perfect book bag.<br />

Better<br />

–<br />

Colored budget <strong>to</strong>te bag made of eco-friendly<br />

biodegradable 5 oz. 100% dyed cot<strong>to</strong>n. This bag has 28”<br />

long shoulder length self material handles. It is perfect<br />

for school fundraisers, convention show giveaways, just<br />

about any of your promotional needs. Please specify<br />

color code when ordering.


•<br />

Descriptions<br />

Well written copy<br />

–<br />

–<br />

Searched but also used in client presentations<br />

If keywords need <strong>to</strong> be added but don’t make the copy,<br />

use hidden keyword option<br />

•<br />

•<br />

•<br />

•<br />

Limited space<br />

No need <strong>to</strong> repeat words (trade show; shows; tradeshows)<br />

Field is moni<strong>to</strong>red as are all fields, abuse will result in no<br />

keywords used<br />

You can send us an excel sheet with additional words you<br />

want added<br />

–<br />

Be sure <strong>to</strong> include the product # as it appears in <strong>ESP</strong> <strong>Online</strong>


Descriptions<br />

Suggestions:<br />

–<br />

–<br />

Ask distribu<strong>to</strong>rs & staff what words people would use <strong>to</strong><br />

search for your products<br />

<strong>Use</strong> <strong>ESP</strong> for suppliers <strong>to</strong> type in words and see if the<br />

products you expect come up, do come up


•<br />

•<br />

•<br />

•<br />

Categories<br />

16% of all searches<br />

Just under 2,000 <strong>to</strong>tal categories<br />

When categories are used<br />

–<br />

–<br />

–<br />

Too many results from keyword searches<br />

Brains<strong>to</strong>rming<br />

Difficult <strong>to</strong> describe products<br />

Most appropriate category<br />

–<br />

–<br />

–<br />

1 category required for all products<br />

2 allowed<br />

More on exception basis.


•<br />

•<br />

•<br />

•<br />

•<br />

Pricing<br />

7% of all searches<br />

No price listed will result in fewer views and lower rank<br />

–<br />

–<br />

–<br />

Items will rarely be added <strong>to</strong> client presentations<br />

Alternative suppliers will be used<br />

These are referred <strong>to</strong> as QUR (Quote Upon Request)<br />

Correct price and charges<br />

–<br />

–<br />

Honor prices, distribu<strong>to</strong>rs have a long memory<br />

Compromise with distribu<strong>to</strong>rs if there is a misunderstanding<br />

Weekly updating of prices via an Excel sheet is available for<br />

suppliers with pricing that fluctuates<br />

You are responsible <strong>to</strong> keep your prices and products<br />

accurate and honor prices you have listed.


•<br />

•<br />

•<br />

Confirmed Accurate<br />

Distribu<strong>to</strong>rs prefer <strong>to</strong> work with suppliers who use<br />

the confirmed logo<br />

– <strong>Increase</strong>s their willingness <strong>to</strong> include items in<br />

Center Stage<br />

– Eliminates a call <strong>to</strong> verify pricing & information<br />

Easy<br />

– Log in and confirm all information<br />

If you have the logo and do not honor your<br />

pricing, you will not be allowed <strong>to</strong> use the<br />

logo<br />

–<br />

Resulting in lower click through rate for your products


•<br />

•<br />

•<br />

Additional Criteria<br />

Remaining 1% <strong>to</strong> 2% of searches<br />

–<br />

Still represents 25,000 –<br />

30,000 searches each month!<br />

Important for decision making, not just searching<br />

–<br />

–<br />

Usually when used for searching, results are very relevant <strong>to</strong> the user resulting<br />

in higher conversion<br />

As with all fields, if it is not stated in your catalog, it will<br />

These fields are also searched in wordsearch<br />

–<br />

–<br />

–<br />

–<br />

–<br />

Color<br />

•<br />

Shape<br />

Creative names are nice for display but not for searching<br />

Material<br />

Size<br />

•<br />

•<br />

More often used for display as opposed <strong>to</strong> searching<br />

Searched more often for drinkware<br />

Production time<br />

sizes, shirt sizes, usb<br />

not be entered<br />

drives


Top Selected Sort Options<br />

•<br />

•<br />

#1 -Price<br />

#2 –Ratings<br />

– 5 Star - Best<br />

– Distribu<strong>to</strong>rs have the option <strong>to</strong> rate<br />

you after every transaction<br />

– Notified when rating is submitted<br />

– 5 days <strong>to</strong> respond<br />

•<br />

Ensure the correct person is receiving<br />

notifications


Specials<br />

Special offers are searched nearly<br />

20,000 times a month and often<br />

help drive traffic as well as<br />

encourage users <strong>to</strong> look at the item.<br />

• Good for limited inven<strong>to</strong>ry<br />

• Can set “end” date<br />

• Send specials <strong>to</strong> specials@asicentral.com


•<br />

Increasing searches for your items<br />

<strong>Increase</strong> searches for your items:<br />

–<br />

–<br />

Just having the item in <strong>ESP</strong> won’t make it found.<br />

Consider advertising<br />

•<br />

•<br />

•<br />

•<br />

•<br />

•<br />

•<br />

•<br />

<strong>New</strong> product showcase<br />

–<br />

Advantages Magazine<br />

Event planner<br />

Banner ads<br />

Email express<br />

Pay for Placement<br />

Shows<br />

Counselor<br />

Etc


<strong>ESP</strong> <strong>Online</strong> Advertising<br />

•<br />

Banners help drive traffic at a very low<br />

cost<br />

– Search screen ads do not require relevance<br />

– $15-$25 per 1,000 views


•<br />

<strong>ESP</strong> <strong>Online</strong> Top Listing (pay for placement)<br />

Guarantees <strong>to</strong>p spot visibility for keywords and<br />

categories<br />

– Relevance required<br />

– $200-$250 per 1,000 times your product(s) are<br />

included in the sponsored spot


Summary<br />

Check your <strong>ESP</strong> <strong>Online</strong> listing every 6 months<br />

• Wordsearch is the most popular search field,<br />

spend time on your descriptions and use<br />

alternative words and hidden keywords <strong>to</strong> ensure<br />

you are found<br />

• Images matter<br />

• Pricing is critical<br />

• Manage your <strong>Supplier</strong> Ratings<br />

• <strong>Use</strong> advertising <strong>to</strong> drive awareness


•<br />

•<br />

•<br />

•<br />

•<br />

•<br />

Action Plan<br />

Submit your updated catalog as soon as possible<br />

Log in <strong>to</strong> <strong>ESP</strong> <strong>Online</strong> for suppliers and review<br />

your products for accuracy<br />

Confirm Accurate<br />

Identify <strong>to</strong>p 20 most important products & focus<br />

on optimizing them first<br />

Make changes by emailing an excel sheet with<br />

your changes <strong>to</strong> <strong>ESP</strong>Update@ASICentral.com<br />

Set up an advertising campaign <strong>to</strong> improve<br />

results


Questions?<br />

?<br />

?<br />

?<br />

? ?<br />

?<br />

Thank You!<br />

Candace Hershey, Executive Direc<strong>to</strong>r <strong>ESP</strong> <strong>Online</strong> Information

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!