EDI: The Three Letter Acronym That Can Kill Your Marketplace Onboarding

EDI.

Onboarding is often time the last thing you think about when building your marketplace. Here's the real problem with trying to attract brands. Particularly brands that have been around more than 20 years.

They got really good at wholesale, and optimized for it. Similar to that tree in your neighborhood which has become part of a chain link fence, now you can't tell where one platform begins and the other ends. It's just "the system".

If you are trying to onboard, and you need to do it fast, many brands will choose EDI by default. In fact, in my experience, the IT manager will start spouting out EDI document numbers faster than your head can spin in the first 5 minutes of the conversation.

Give them an API, however? And it goes to the bottom of the roadmap in their custom project bucket, never to be seen again. Your sales promises better be real good.

I bring this up because what people need to onboard is often dependent on what segment of the market you attract. Newer brands are more nimbler and have more flexible systems. Older brands don't. Which are you looking to bring?

Plan your marketplace onboarding strategy accordingly.

Rick Watson

Rick Watson founded RMW Commerce Consulting after spending 20+ years as a technology entrepreneur and operator exclusively in the eCommerce industry with companies like ChannelAdvisor, BarnesandNoble.com, Merchantry, and Pitney Bowes.

Watson’s work today is centered on supporting investors and management teams incubating and growing direct-to-consumer businesses. Most recently, in partnership with WHP Global, Rick was a critical resource in architecting the WHP+ platform, a new turnkey direct to consumer digital e-commerce platform that powers AnneKlein.com and JosephAbboud.com.

Watson also hosts a weekly podcast, Watson Weekly, where he shares an unbiased, unfiltered expert take on the retail sector’s biggest players.

In the past year alone, Rick has spoken at many in-person and virtual events as well as podcasts on topics ranging from retail/ecom to supply chain/logistics and even digital grocery including CommerceNext IRL, ASCM Connect, and Retail Innovation Conference.

https://www.rmwcommerce.com/
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