Proper management of your product data and feeds is essential for e-commerce success, regardless of your business size, product category or technical background. We created this blog series to help you understand the current processes related to feed management, along with detailed and practical recommendations to help you improve them. (Read Part I, Part II, Part III and Part IV)
The final post in this series is intended to help you with one of the hardest decisions to make when addressing a specific business problem: Should you acquire a tool and build the knowledge in-house? Should you outsource the issue to experts? Or should you take a hybrid approach?
The simple questionnaire below might help guide your thought process.Â
Choose one answer for each question (if two answers could fit, please choose the one that fits the best) or use the form to automatically calculate the result based on your answer:
|
A |
B | C | D | |
| SKU count / Number of products |
< 50 |
51-1,000 | 1,001-10,000 | >10,000 |
| Number of destinations/channels you need feeds for |
< 5 |
6-20 | 20-100 |
> 100 |
| Countries |
< 3 |
4 – 10 | 11 – 20 |
> 20 |
| Monthly advertising budget |
< $10,000 |
$10,001 – $50,000 | $5,0001 -$100,000 |
> $100,000 |
| Product velocity/turnover |
Never – Rarely |
Occasionally | Frequently |
Very frequently |
| Outsourcing |
We prefer to keep activities in-house mainly due to cost |
We want to keep activities in-house and grow our knowledge | Better control if we keep it in-house but ok with consultancy |
We are open to outsource this activity to a trusted partner |
| Current resources allocated to managing the feeds |
No dedicated team, but we have the time to invest in managing it |
We have a dedicated team. We just need the right tools. | No dedicated team. Managed by people who also have other responsibilities |
We have dedicated experts but we would want to free them up to handle other projects |
| How often do you add new destinations? |
Never – Rarely |
Occasionally | Frequently |
Very frequently |
| When launching a new destination, how much time does it take to build a new feed? |
Less than a week |
2-3 weeks | 4 weeks |
More than a month |
| What are the roadblocks you are facing when launching? |
Typically no roadblocks |
Roadblocks could be easily overcome with the right tools | Limited resources (time, expertise, etc.) |
Not enough resources (time, people, expertise)Â and the data quality |
|
Data optimisation for each channel |
Easily done | We optimize the data regularly, but we need the right tool to do it faster | We rarely optimize the data as we need a tool to rely on and expertise on how to do it |
We do not optimise the data regularly |
| How long does it take to make changes to existing feeds? |
< 3 days |
1 week | 2-3 weeks |
More than a month |
| Needed frequency of feed updates | Weekly | Daily | Twice a day |
As soon as a change happens (price or stock change often) |
Results
Majority of A: Keep it in-house
If most of your answers were A, it looks like the support you need is minimal. We recommend keeping your feed management, creation and optimisation in-house. It’s probably best to use the easiest, most direct connections to the channels (usually via FTP) and leverage the channel interface. Or you could use Excel to create rules to optimise the data. If you are looking to automate your processes, however, a self-serve platform might still be a good fit.
Regardless of what you decide, you should continue to take the time to work on optimising your data.Â
Majority of B: Search for a technology provider
Our best recommendation, based on your answers, is to search for a technology partner that can enable your team to enrich the product data, automate the delivery and send frequent updates. Search for a solution that is scalable, offers you flexibility and full control.
Majority of C: You need a technology partner that provides support and consultancy
Your current situation, based on the answers, requires a partner that can enable your internal resources to optimize the product data, automate delivery while having access to a support team and strategic consultancy.
If you’d like to talk to one of our e-commerce consultants about ChannelAdvisor’s feed management capabilities and whether we’d be a good fit for your business, fill out this quick form and we’ll be in touch soon.
Majority of D: You need a technology partner that can be an extension of your team
Based on your answers, you require a partner that can act as an extension of your team and efficiently drive the feed management activities. Moreover, your partner should be able to provide a scalable technology, save a lot of time for your internal teams and understand aspects of your business beyond feed management, such as advertising, marketplaces, etc.
If you’d like to see the ChannelAdvisor platform in action, and learn about our capabilities across marketplaces, digital marketing, first-party solutions, fulfilment and more, request a demo today.Â
