Latest / Omni Talk Retail / How Dreo Went From Marketplace Startup to Walmart Stores in 1 Year | "Don't Dip Your Toes—Jump In"
Transcript
- 0:00Hello,
- 0:00everyone.
- 0:01Welcome
- 0:01back.
- 0:02This
- 0:02is
- 0:02omnitok
- 0:03Retail.
- 0:03I'm
- 0:03Anne
- 0:04Mazinga.
- 0:04And
- 0:04I'm
- 0:04Chris
- 0:05Walton.
- 0:05And
- 0:05we're
- 0:06coming
- 0:06to
- 0:06you
- 0:06live
- 0:06from
- 0:07the
- 0:07Walmart
- 0:07Sellers
- 0:08Conference
- 0:08here
- 0:09at
- 0:09the
- 0:09Gaylord
- 0:10Hotel
- 0:10in
- 0:11sunny
- 0:11San
- 0:11Diego,
- 0:12California.
- 0:14We
- 0:14are
- 0:14pleased
- 0:15to
- 0:15announce
- 0:16our
- 0:16next
- 0:16guest
- 0:17who
- 0:17is
- 0:18Joshua
- 0:18Gunn,
- 0:19the
- 0:19VP
- 0:20of
- 0:20retail
- 0:20sales
- 0:21and
- 0:21marketing
- 0:21at
- 0:22Dreo.
- 0:22Joshua,
- 0:23welcome
- 0:23to
- 0:24omnitalk.
- 0:24Thanks,
- 0:25Anne.
- 0:25Appreciate
- 0:25it.
- 0:25It's
- 0:26really
- 0:26good
- 0:26to
- 0:26have
- 0:26you.
- 0:26Yeah,
- 0:27it's
- 0:27great
- 0:27to
- 0:27be
- 0:27here.
- 0:27You
- 0:28got
- 0:28a
- 0:28big
- 0:28shout
- 0:28out
- 0:28on
- 0:29stage
- 0:29today
- 0:29earlier
- 0:29too.
- 0:30We
- 0:30did,
- 0:30yes.
- 0:31It
- 0:31was
- 0:31pretty
- 0:31awesome.
- 0:32Yeah,
- 0:32I'll
- 0:32say.
- 0:33I
- 0:33mean,
- 0:332,000
- 0:34people
- 0:34in
- 0:34the
- 0:34audience,
- 0:34not
- 0:35bad
- 0:35to
- 0:35get
- 0:35a
- 0:35shout
- 0:36out
- 0:36from
- 0:36a
- 0:36big
- 0:37Walmart
- 0:37exec.
- 0:38We
- 0:38love
- 0:38that
- 0:38publicity.
- 0:39Yeah,
- 0:40right,
- 0:40Right.
- 0:40So
- 0:41let's
- 0:41start
- 0:41out.
- 0:41Josh,
- 0:42tell
- 0:42us
- 0:42a
- 0:42little
- 0:43bit
- 0:43about
- 0:43what
- 0:43Dreo
- 0:43is
- 0:44and
- 0:44also
- 0:44what
- 0:44your
- 0:44background
- 0:45and
- 0:45your
- 0:45role
- 0:45is
- 0:45too.
- 0:46Yeah,
- 0:46absolutely.
- 0:47So
- 0:48my
- 0:48background
- 0:48and
- 0:48role,
- 0:48I
- 0:49actually
- 0:49manage
- 0:49our
- 0:49North
- 0:50America
- 0:50commercial
- 0:50operations
- 0:51for.
- 0:52For
- 0:52Dreo.
- 0:53And
- 0:53I
- 0:53oversee
- 0:53our
- 0:54global
- 0:54Walmart
- 0:55strategy.
- 0:56You
- 0:56know,
- 0:56our
- 0:57brand
- 0:57is
- 0:57unique.
- 0:58We
- 0:58play
- 0:58in
- 0:59some
- 0:59very
- 0:59busy
- 1:00spaces.
- 1:00We
- 1:00make
- 1:01fans,
- 1:02heaters.
- 1:02Oh,
- 1:03you're
- 1:03in
- 1:03that
- 1:04category.
- 1:05I
- 1:05have
- 1:05a
- 1:05lot
- 1:05of
- 1:05experience
- 1:05in
- 1:05that.
- 1:06Okay.
- 1:06Kitchen
- 1:06appliances.
- 1:08You
- 1:08know,
- 1:08our
- 1:09focus
- 1:09as
- 1:09a
- 1:09company
- 1:10has
- 1:10really
- 1:10been
- 1:10built
- 1:11around
- 1:11R
- 1:11and
- 1:11D,
- 1:12you
- 1:13know,
- 1:13consumer
- 1:14centric
- 1:14designs
- 1:15and
- 1:16a
- 1:16digital
- 1:16first
- 1:16mindset.
- 1:17It's
- 1:17really
- 1:17what
- 1:18separated
- 1:18us,
- 1:19you
- 1:19know,
- 1:19from
- 1:19the
- 1:19pack.
- 1:21Well,
- 1:22tell
- 1:22us
- 1:22a
- 1:22little
- 1:23bit
- 1:23about
- 1:23how
- 1:23you
- 1:24decided
- 1:24to
- 1:25sell
- 1:26your
- 1:26products
- 1:26on
- 1:26Walmart
- 1:27Marketplace.
- 1:28Yeah,
- 1:28it's
- 1:28a
- 1:29great
- 1:29question.
- 1:30For
- 1:30a
- 1:30young
- 1:31brand
- 1:31like
- 1:31us,
- 1:31it
- 1:31was
- 1:32really
- 1:32about
- 1:32brand
- 1:33visibility.
- 1:33Okay.
- 1:34How
- 1:34do
- 1:34we,
- 1:34how
- 1:34do
- 1:34we
- 1:35grow
- 1:35our
- 1:35brand
- 1:35exposure?
- 1:36That
- 1:37was
- 1:37a
- 1:37key,
- 1:37important
- 1:37part,
- 1:38especially
- 1:39as
- 1:39we
- 1:39launched
- 1:40on
- 1:40Marketplace
- 1:41one
- 1:41year
- 1:41after
- 1:41we
- 1:42actually
- 1:42launched
- 1:42into
- 1:43the
- 1:43Marketplace.
- 1:44Wow.
- 1:44So.
- 1:44So
- 1:44they've
- 1:45been
- 1:45a
- 1:45critical
- 1:45partner.
- 1:46Walmart's
- 1:46been
- 1:46a
- 1:46critical
- 1:47partner
- 1:47for
- 1:47us
- 1:47to
- 1:47get
- 1:47our
- 1:48brand
- 1:48out
- 1:48there.
- 1:50And
- 1:50consumers
- 1:51have
- 1:51responded
- 1:52very
- 1:52positively.
- 1:52We're
- 1:52very
- 1:53excited
- 1:53about
- 1:53the
- 1:54feedback
- 1:54that
- 1:54we
- 1:54receive.
- 1:55And
- 1:56obviously
- 1:56sales
- 1:56success
- 1:57has
- 1:57followed
- 1:57along
- 1:58with
- 1:58that.
- 1:58Yeah,
- 1:59absolutely.
- 1:59But,
- 1:59Josh,
- 1:59how
- 2:00has
- 2:00your
- 2:00experience
- 2:01been
- 2:01on
- 2:01Walmart's
- 2:02marketplace?
- 2:02You
- 2:03as
- 2:03the
- 2:03seller,
- 2:04from
- 2:04the
- 2:04seller's
- 2:04perspective.
- 2:05I'm
- 2:05curious
- 2:05there.
- 2:06And
- 2:06is
- 2:06there
- 2:07anything
- 2:07that
- 2:07you
- 2:07see
- 2:07from
- 2:08the
- 2:08position
- 2:08of
- 2:09a
- 2:09seller
- 2:09that
- 2:09differentiates
- 2:10Walmart's
- 2:10marketplace,
- 2:11say,
- 2:11from
- 2:11other
- 2:11marketplaces?
- 2:12Of
- 2:13course,
- 2:13our
- 2:14experience
- 2:14has
- 2:15been
- 2:15nothing
- 2:16short
- 2:16of
- 2:16fantastic.
- 2:17Fantastic.
- 2:18Okay,
- 2:18That's
- 2:18a
- 2:18big
- 2:18word.
- 2:19And
- 2:19the
- 2:19reason
- 2:19I
- 2:20say
- 2:20that
- 2:20is
- 2:21Walmart
- 2:21Marketplace.
- 2:23It
- 2:23provides
- 2:23you
- 2:23the
- 2:24backbone
- 2:24to
- 2:24be
- 2:25successful
- 2:25online.
- 2:26Okay.
- 2:27So
- 2:27whether
- 2:27it's
- 2:27WFS
- 2:28which
- 2:28streamlines
- 2:29operations,
- 2:30gets
- 2:30your
- 2:30product
- 2:30to
- 2:31the
- 2:31customer
- 2:31faster.
- 2:32Walmart
- 2:33fulfillment
- 2:33services
- 2:34for
- 2:34those
- 2:34maybe
- 2:34that
- 2:34aren't
- 2:35as
- 2:35familiar.
- 2:35Right,
- 2:36yes.
- 2:36Or
- 2:36Walmart
- 2:37Connect.
- 2:37WMART
- 2:39has
- 2:39allowed
- 2:39us
- 2:39to
- 2:40really
- 2:40target
- 2:40the
- 2:41right
- 2:41customers
- 2:42at
- 2:42the
- 2:42right
- 2:42time
- 2:42with
- 2:43the
- 2:43right
- 2:43product
- 2:44and
- 2:44increase
- 2:44our
- 2:45conversion
- 2:45rates.
- 2:46All
- 2:46of
- 2:46it's
- 2:47been
- 2:47fantastic.
- 2:47But
- 2:47kind
- 2:48of
- 2:48the
- 2:48bow
- 2:48on
- 2:49the
- 2:49package
- 2:49has
- 2:50really
- 2:50been
- 2:50our
- 2:50relationships
- 2:51with
- 2:51the
- 2:52merchant
- 2:52and
- 2:52category
- 2:53teams.
- 2:53You
- 2:53know,
- 2:54we
- 2:54live
- 2:54in
- 2:54a
- 2:54world
- 2:55that's
- 2:55becoming
- 2:55more
- 2:55automated,
- 2:56more
- 2:56mechanized,
- 2:57more
- 2:57AI
- 2:57driven.
- 2:58Right.
- 2:58So
- 2:59to
- 2:59have
- 2:59that
- 2:59human
- 3:00touch
- 3:00point
- 3:00has
- 3:00really
- 3:01been
- 3:01the
- 3:01game
- 3:01changer
- 3:02for
- 3:02our
- 3:02development.
- 3:03Well,
- 3:03and
- 3:03your
- 3:03connection
- 3:04with
- 3:04those,
- 3:05those
- 3:05merchandisers,
- 3:06those
- 3:07merchants
- 3:07at
- 3:07Walmart
- 3:08has
- 3:08led
- 3:08to
- 3:09you
- 3:09now
- 3:09selling
- 3:10product
- 3:10in
- 3:10Walmart
- 3:11stores
- 3:12in
- 3:12addition
- 3:12to
- 3:13in
- 3:13the
- 3:13Marketplace.
- 3:14Can
- 3:14you
- 3:14tell
- 3:14us
- 3:14a
- 3:14little
- 3:15bit
- 3:15about,
- 3:15you
- 3:16know,
- 3:16what
- 3:16that
- 3:16process
- 3:17looks
- 3:17like
- 3:17for
- 3:17those
- 3:18out
- 3:18there
- 3:18wondering
- 3:19or
- 3:19thinking
- 3:19about
- 3:19like,
- 3:20all
- 3:20right,
- 3:20Walmart
- 3:21Marketplace
- 3:21is
- 3:22one
- 3:22thing.
- 3:22Now
- 3:22I'm
- 3:23in
- 3:23retail
- 3:23locations,
- 3:24what
- 3:24happens?
- 3:25Yeah.
- 3:27So,
- 3:28you
- 3:28know,
- 3:29that
- 3:29journey
- 3:30is
- 3:30hard
- 3:30fought.
- 3:31You
- 3:31know,
- 3:31it's
- 3:32always
- 3:32nonlinear
- 3:33and
- 3:34it
- 3:34requires
- 3:35a
- 3:35lot
- 3:35of
- 3:35blood,
- 3:36sweat
- 3:36and
- 3:36tears
- 3:36on
- 3:36both
- 3:37sides
- 3:37to
- 3:37get
- 3:37from
- 3:38point
- 3:38A
- 3:38to
- 3:38point
- 3:38A.
- 3:39But
- 3:39I
- 3:40will
- 3:40tell
- 3:40you
- 3:40that
- 3:41that
- 3:41journey
- 3:41really
- 3:42has
- 3:42been
- 3:42seamless.
- 3:43And
- 3:43the
- 3:43reason
- 3:43it's
- 3:44been
- 3:44seamless
- 3:44is
- 3:45by
- 3:45being
- 3:45on
- 3:45Marketplace,
- 3:47we
- 3:47knew
- 3:48what
- 3:48Dreo
- 3:48products
- 3:49resonated
- 3:51and
- 3:51we
- 3:51were
- 3:51able
- 3:52to
- 3:52do
- 3:52all
- 3:52the
- 3:53testing
- 3:53price
- 3:54wise,
- 3:54feature
- 3:55wise,
- 3:55even
- 3:55before
- 3:56we
- 3:56launched
- 3:56in
- 3:57store.
- 3:58So
- 3:58we
- 3:58knew
- 3:58what
- 3:59was
- 3:59going
- 3:59to
- 3:59win
- 3:59or
- 4:00what
- 4:00had
- 4:00a
- 4:00high
- 4:00probability
- 4:01to
- 4:01win
- 4:02on
- 4:02the
- 4:02shelf.
- 4:03So
- 4:04that
- 4:04component
- 4:05as
- 4:05well
- 4:05as
- 4:06the
- 4:06ability
- 4:06to
- 4:06improve,
- 4:07where
- 4:07we
- 4:07could
- 4:08improve
- 4:09really
- 4:09helped
- 4:09set
- 4:10us
- 4:10up
- 4:10for
- 4:10success.
- 4:11So,
- 4:11Josh,
- 4:11I'm
- 4:12curious
- 4:12then,
- 4:12what
- 4:12advice
- 4:13we'll
- 4:13get
- 4:13you
- 4:13out
- 4:13of
- 4:13here
- 4:13on
- 4:13this.
- 4:13What
- 4:14advice
- 4:14would
- 4:14you
- 4:14have
- 4:15for
- 4:15other
- 4:15sellers
- 4:16maybe,
- 4:16or
- 4:16small
- 4:17businesses
- 4:17that
- 4:17are
- 4:17looking
- 4:18to
- 4:18grow
- 4:18their
- 4:18business
- 4:19in
- 4:19a
- 4:19similar
- 4:19way
- 4:20that
- 4:20you
- 4:20have?
- 4:20Like,
- 4:21I
- 4:21mean,
- 4:21did
- 4:21you
- 4:21even
- 4:22jump
- 4:22feet
- 4:22first
- 4:22into
- 4:23stores?
- 4:23Like
- 4:24how
- 4:24far
- 4:24did
- 4:24you,
- 4:25how
- 4:25did
- 4:25you
- 4:25do
- 4:25that?
- 4:25How'd
- 4:26you
- 4:26approach
- 4:26that?
- 4:26What's
- 4:26all
- 4:27the
- 4:27advice
- 4:27you
- 4:27have?
- 4:27Yeah,
- 4:28that's
- 4:28exactly
- 4:29it,
- 4:29Chris.
- 4:30Don't
- 4:30tip
- 4:30your
- 4:31toes,
- 4:31jump
- 4:32in,
- 4:32don't
- 4:32dip
- 4:33your
- 4:33toes.
- 4:33Okay,
- 4:33all
- 4:34right.
- 4:34Jump
- 4:34in.
- 4:34All
- 4:35right.
- 4:35You
- 4:35know,
- 4:35Marketplace
- 4:36provides
- 4:37you
- 4:37that
- 4:37toolkit
- 4:38that's
- 4:38necessary
- 4:39for
- 4:39success,
- 4:40especially
- 4:40if
- 4:40you're
- 4:40a
- 4:40startup
- 4:41brand,
- 4:41a
- 4:42small
- 4:42business.
- 4:43If
- 4:44you
- 4:44optimize
- 4:45those
- 4:45tools
- 4:46and
- 4:46maximize
- 4:47them
- 4:47and
- 4:47are
- 4:47really
- 4:47serious
- 4:48about
- 4:48growing
- 4:48your
- 4:48brand,
- 4:49Walmart
- 4:50Marketplace
- 4:50is
- 4:50the
- 4:50platform
- 4:51to
- 4:51do
- 4:52that.
- 4:52And
- 4:52then
- 4:52the
- 4:53other
- 4:53part
- 4:53of
- 4:53that
- 4:53is
- 4:54again,
- 4:54is
- 4:54that
- 4:54human
- 4:54touch
- 4:55is
- 4:55your
- 4:56merchant
- 4:56teams,
- 4:56your
- 4:56category
- 4:57teams
- 4:57are
- 4:58going
- 4:58to
- 4:58guide
- 4:58you
- 4:58through
- 4:58that
- 4:59journey.
- 5:00And
- 5:00if
- 5:01you
- 5:01follow
- 5:01those
- 5:01rules,
- 5:02there's
- 5:03an
- 5:03immense
- 5:03amount
- 5:03of
- 5:04opportunity
- 5:04for
- 5:04you
- 5:05on
- 5:05Marketplace.
- 5:05Right,
- 5:06Right.
- 5:06You
- 5:06should
- 5:07be
- 5:07able
- 5:07to
- 5:07sell
- 5:07if
- 5:07you've
- 5:08got
- 5:08a
- 5:08good
- 5:08product
- 5:08and
- 5:08you
- 5:09follow
- 5:09that
- 5:09path.
- 5:09That's
- 5:10great.
- 5:10Well,
- 5:11thank
- 5:11you
- 5:11so
- 5:11much,
- 5:12Joshua,
- 5:12for
- 5:12joining
- 5:13us.
- 5:13We
- 5:13really
- 5:13appreciate
- 5:14it.
- 5:14Congrats
- 5:14on
- 5:15your
- 5:15continued
- 5:15success
- 5:16on
- 5:16the
- 5:16Marketplace
- 5:17in
- 5:17Walmart
- 5:18stores.
- 5:18Thank
- 5:19you
- 5:19so
- 5:19much
- 5:19to
- 5:19Walmart
- 5:20for
- 5:20hosting
- 5:20Chris
- 5:21and
- 5:21myself
- 5:21here
- 5:22today
- 5:22at
- 5:22the
- 5:23Walmart
- 5:24Sellers
- 5:24Summit.
- 5:25We
- 5:25have
- 5:25lots
- 5:26of
- 5:26content
- 5:26coming
- 5:27your
- 5:27way
- 5:27all
- 5:27day,
- 5:28so
- 5:28stay,
- 5:29stop
- 5:29by
- 5:29if
- 5:29you're
- 5:29here
- 5:30or
- 5:31stay
- 5:31tuned
- 5:32because
- 5:32we
- 5:32have
- 5:32much,
- 5:33much
- 5:33more
- 5:33in
- 5:33store.
- 5:34And
- 5:34until
- 5:34then,
- 5:35be
- 5:35careful
- 5:35out
- 5:35there.