Picture this: You’ve just discovered your products being sold by unauthorized sellers, below preferred price, and across multiple online marketplaces. Your immediate reaction? “We need a MAP policy!” or, “Let’s hire a monitoring service!” or, “Get legal on the phone!”
Sound familiar?
If you’re like many brand leaders, you’ve probably experienced the frustration of losing control over your product sales in online channels. The knee-jerk reaction is understandable—but it often leads down expensive paths that yield disappointing results.
While brands look for ways to monitor channels, implement policies, and enforce against sellers, they often focus on the wrong questions, like, "Which is the best MAP company?" We frequently see:
Ask the right questions, and the answers will always reveal themselves.
– OPRAH
Many quotes, attributed to renowned figures from Einstein to IBM's Thomas J. Watson, highlight the importance not of having immediate answers, but on asking the right questions. In The Archetypes and the Collective Unconscious, Carl G. Jung famously wrote, "The right question is already half the solution of a problem."
After 10 years of designing and implementing eControl programs to help hundreds of global brands regain control of their online channels, we've identified this fundamental question every brand leader should start with:
There are several factors that must be considered in answering this question:
Before crafting and implementing an eControl solution or rushing to establish new policies, we guide brands through a strategy design process focused on answering each of these questions in detail. We collaborate with cross-functional stakeholders, present tailored recommendations, and integrate the brand’s feedback—and only then do we finalize our action plan. By thoughtfully engaging in this process, our experience is that brands are much more likely to efficiently align on the best approach to solving their online control problems, including the right tactics to use, the right tools to support them, the right sequencing of activity, and so on.
Take a step back from the urgent fires you're fighting and reactive activities. Invest time in thoroughly answering the fundamental question we've outlined above. This strategic pause will help you identify the most effective path forward—saving time, money, and resources while delivering better results for your brand.
Remember: The right question isn't just half of the solution—it's the foundation of your online channel control strategy.
Want to learn more about developing an effective online channel control strategy? Contact Daren Garcia for more information.
Sources:
What Oprah Knows for Sure About Asking The Right Question
C.G. Jung, The Archetypes and the Collective Unconscious (Routledge)(2023)
Copyright 2024 Vorys, Sater, Seymour and Pease LLP. All Rights Reserved.