+ All Categories
Home > Business > Alex Frank, FCP euro, case study @ open commerce conference 2016

Alex Frank, FCP euro, case study @ open commerce conference 2016

Date post: 20-Feb-2017
Category:
Upload: spark-solutions
View: 2,272 times
Download: 1 times
Share this document with a friend
21
Est. 1986 2
Transcript
Page 1: Alex Frank, FCP euro, case study @ open commerce conference 2016

Est. 1986

2

Page 2: Alex Frank, FCP euro, case study @ open commerce conference 2016
Page 3: Alex Frank, FCP euro, case study @ open commerce conference 2016

Decade of double-digit top line growth

$10 million in annual revenue

Abundant opportunities

A pile of cash

A 40% growth plan

The 2011 Plan

Page 4: Alex Frank, FCP euro, case study @ open commerce conference 2016

40% expense increase

5% revenue growth

$1 million of profit lost

$750k bank line called

45 days to bankruptcy

2011 Results

Page 5: Alex Frank, FCP euro, case study @ open commerce conference 2016

Alex FrankVP of eCommerce at FCP Euro

[email protected]@alexfrankly

Page 6: Alex Frank, FCP euro, case study @ open commerce conference 2016

Growth

Death

InflectionWe had to make a notable change to our business

That change had to be different than everyone else

Page 7: Alex Frank, FCP euro, case study @ open commerce conference 2016

We were on a legacy white-box ERP/CMS

We had stretched ourselves too thin

We were disappearing into a commoditized market

What we were doing wrong

Page 8: Alex Frank, FCP euro, case study @ open commerce conference 2016

We could not develop anything on the platform

We needed a viable Rails eCommerce solution so we could quickly prototype

We needed flexibility for integrations and customizations both for UX & backend logic

We were on a cumbersome & inflexible platform.

Page 9: Alex Frank, FCP euro, case study @ open commerce conference 2016

We could not develop anything on the platform

We needed a viable Rails eCommerce solution so we could quickly prototype

We needed flexibility for integrations and customizations both for UX & backend logic

We were on a cumbersome & inflexible platform. We immediately integrated

deeply with industry data formats

We developed custom features to build catalogs in mass

We abandoned our white-box website and transitioned to the Spree site

We Integrated With Spree

Page 10: Alex Frank, FCP euro, case study @ open commerce conference 2016

We were operating too many websites

We were selling through too many channels

The team was scattered across to many projects

We were distracted

Page 11: Alex Frank, FCP euro, case study @ open commerce conference 2016

We were operating too many websites

We were selling through too many channels

The team was scattered across to many projects

We were distracted

We consolidated extraneous channels

We put our employees on the projects that contributed the highest value

We abandoned existing revenue in favor of potential performance

We focused

Page 12: Alex Frank, FCP euro, case study @ open commerce conference 2016

There was a massive amount of competition

There was clear commoditization of the products in the market

Market boundaries were solidified and stable

We weren’t standing out in the market

Page 13: Alex Frank, FCP euro, case study @ open commerce conference 2016

There was a massive amount of competition

There was clear commoditization of the products in the market

Market boundaries were solidified and stable

We weren’t standing out in the market

We observed what was causing our customers trouble

We identified what the competition was afraid to offer

We implemented a lifetime replacement warranty on all car parts

We differentiated

Page 14: Alex Frank, FCP euro, case study @ open commerce conference 2016

We focused on catalog expansion & optimization

We marketed our value propositions

We focused on the speed and usability of our website and backend

The next 2 years

Page 15: Alex Frank, FCP euro, case study @ open commerce conference 2016

25% Revenue Growth

Double earnings

Bring our differentiator to the community

Bring in experts in automation & data

Focus and convert to 90% web sales

The 2016 Plan

Page 16: Alex Frank, FCP euro, case study @ open commerce conference 2016

95% online sales

50% growth on the website

First meaningfully profitable year

Hires for data & automation are building apps to monitor market and competitor trends

New FCP race team

2016 Results

Page 17: Alex Frank, FCP euro, case study @ open commerce conference 2016

Integrate with systems that keep you nimble

Page 18: Alex Frank, FCP euro, case study @ open commerce conference 2016

Have the discipline to abandon distracting activities

Page 19: Alex Frank, FCP euro, case study @ open commerce conference 2016

Differentiate

Page 20: Alex Frank, FCP euro, case study @ open commerce conference 2016

Alex FrankVP of eCommerce at FCP Euro

[email protected]@alexfrankly

Page 21: Alex Frank, FCP euro, case study @ open commerce conference 2016

Recommended