Monday, May 29, 2023

Rethinking outside the box

Ecommerce companies ought to redesign their services for the last mile first and stop boxing shoppers into a corner.



Our penchant for instant gratification through ecommerce has resulted in an issue that is not discussed enough. Homeowners Associations (HOA) are grappling with an interesting direct-to-consumer business (DTC) induced problem (and a new revenue opportunity) – shipping boxes thrown in the trash without being broken down can result in penalties for homeowners.

Retirement communities seem to be facing this challenge because the elderly or those with arthritic limbs are physically unable to break down shipping boxes. There is at least one recycling company that offers a service to break down boxes for something like $3 per box, as I recall. Free shipping isn’t free because of this lurking lingering cost.

Some of the boxes are nearly indestructible, making for a mini-workout every time you try to break them down – both physical and mental workout because if you want to be effort-efficient, you must deconstruct the box in your mind before you can flatten it for disposal. Some trash collection services are refusing to accept unflattened boxes. Mobility-impaired residents, especially in retirement communities must wait for stronger neighbors to do them a favor and help break down shipping boxes. Boxes build bonds.

Amazon got rid of many vacuum sealed products that required industrial strength tools to unpack. Still, 43% of their deliveries are in boxes. Their Frustration Free Packaging (FFP) initiative seems to focus on materials being recyclable, not on the ease of their disposal.

How does one effect change when online shopping is a way of life? The industry should have focused on the last mile delivery first. Changing that would be difficult in the west, though ecommerce stragglers like India seem to be getting it right because home delivery has been prevalent long before ecommerce.

There may be some unexplored solutions. The packaging industry could raise awareness through conferences such as Pack Expo, the premier industry conference by Packaging Machinery Manufacturers Institute (PMMI), the trade association for packaging and processing technologies. One-touch collapsible boxes must become the norm, not just one click shopping.

Simultaneously, social commerce influencers could talk about box disposal after a shipment has been received, including ergonomically sound ways of breaking down a box.

Changing shopping culture is not easy but educating buyers may be possible if reviewers who post unboxing videos could append a segment on box disposal after they unbox products.

The other stakeholders who could help with the remnants of an ecommerce delivery could be the shipping company. Offer a haul away service for empty boxes the following day and repurpose the boxes. Offer unpacking services and same day haul away.

These changes in the supply chain will require stewardship from ecommerce leaders like Amazon and Walmart, packaging industry advocacy groups and last-mile delivery organizations.

Until then, box breakdown businesses could be the new newspaper route for DTC era kids or an additional service for their lawn moving clients.

When Real Estate Marketing Gets Unreal.

 

Real estate marketing at its creative best is getting to be as worrisome as creative accounting.

Just as a shoemaker can’t help but see the world as a place inhabited by shoes carrying people around, a marketer can’t help but see the world as collections of word clouds, conversations as communication, and explanations as messaging. When real estate happens to be an area of curiosity, one can’t help but wonder how real estate marketing could be improved for the well-informed buyer by borrowing ideas from other industries.

Here are 7 suggestions for improving real estate marketing from the perspective of an informed buyer.

The only constant in the lifecycle of a property must be a real estate company – yours. Think that buyers are custodians of a property until they or their future generations sell it. Sales then become an outcome of long-term business development, not a one-time transaction.

The supplies must be better than samples. Wide-angle photography makes spaces look disappointingly smaller in real life. Add realism in listings and make the realtor’s brand authentic while attracting better quality leads.

Build domain expertise in real estate properties. Develop ‘Frequently Asked Questions’ for your real estate listing. Build domain knowledge about a locality, and about specific properties, thus increasing the valuation of your real estate company.

Try account-based marketing. The real estate company’s true measure of success is in getting repeat clients and referral sales.

Gotcha pricing is short-sighted. Avoid opaque, gotcha pricing through methods such as splitting a landed property and listing the (now) less desirable property at a lower price while offering the adjacent land at a steep price.

Research like you are the buyer. Be forthcoming in listings with all the information that a savvy buyer can research and obtain on their own. Buyers will appreciate that you saved them precious time. It helps buyers build confidence in the listing and in a realtor’s credibility.

Redefine move-in condition. What you see must be what you can get. Provide the option to sell a home with the staged furnishings included.

These suggestions will not impact the budget of a realtor, but they call for a shift in mindset. It is one of those things that money can’t buy. It will encourage a real estate company to build, nurture and grow client lists for account-based marketing, and be valued somewhat like a dental practice or a primary care physician’s practice.

Account-based marketing will also fortify realtors against ‘For Sale By Owner’ (FSBO) listings. Introduce to the industry the concept of a third-party service which guarantees safe physical access into such FSBO properties. Trust-as-a-service could be disruptive.

A traditional real estate agent’s matchmaker role brings the most critical piece in these high-value transactions – trust. Unreal marketing erodes that trust. Real estate professionals must adopt lessons in brand marketing from enterprise or industrial sales – not used car sales.


(Photo by Ian MacDonald on Unsplash)