当4月2日清晨,乔希·西尔弗曼开始一天的工作时,这位Etsy的首席执行官惊讶地发现,他们的手工艺品电子商务网站当天访问量突然激增。
访问量激增的其中一个主要原因为:当天早上几个小时内,“口罩”的搜索量增长了100倍,一度达到每秒9次。
自新冠疫情爆发以来,Etsy上的卖家一直在出售口罩。周四当天早上有媒体报道称,美国政府将改变立场,建议美国人在公共场合佩戴口罩,以帮助遏制疫情蔓延。
西尔弗曼告诉《财富》杂志:“就像爆炸一样,一切的发生只在一瞬间。”一些卖家在短短一个小时内接到的订单数就达到3月的总数。但是搜索量的增长随之也带来了一些问题。
一方面,西尔弗曼要确保卖家可以完成这些订单,避免给网站新顾客带来不好的购物体验,为顾客留下良好的第一印象。
更重要的一点,当西尔弗曼在搜索引擎中输入“face masks”(face masks兼有“口罩”、“面具”之意——译注)时,结果出现了许多万圣节面具和其他不相关的产品。他说:“这并非当前人们所需要的东西。”
到当天早上8:30,他和他的团队对前5000个最佳搜索结果进行手动分类,以对算法进行了临时修正。他们把真正销售布口罩的供应商置于排名前列,并将购物者重定向到确定可以处理相关订单的卖家网站,通过重新分配需求,对Etsy搜索引擎进行重新改造。
在接下来的48小时里,Etsy引入了更多的口罩卖家,帮助他们获得更多面料,并迅速建立自己的店铺。西尔弗曼说:“我们在很短时间内就在Etsy内部成立了一家中型公司。”
与Etsy通常的运作方式相比,新的改变需要耗费大量人力。但回报的丰厚也不可否认:今年4月,Etsy售出了1200万枚口罩,价值1.33亿美元,相当于其月度销售额的六分之一,而且西尔弗曼还说,预计这样的高需求水平可以持续保持。
此外,尽管4月历来都是婚礼主题礼物类产品的销售旺季,而今年因为疫情影响此类产品销售额有所降低,但Etsy网站上除口罩以外其他商品的销售额增长了79%。Etsy的整体业绩虽然没有暴涨,但依然取得了不错的成绩:2020年第一季度,Etsy卖家销售商品总价值达13.5亿美元,同比增长32.2%。
大量新增顾客
Etsy获得了宝贵的长期发展机会:仅在4月,Etsy新增顾客就超过400万,此外还吸引了250万名至少一年没有光顾的回头客重新访问网站。(2020年初,Etsy共有4640万活跃买家和270万卖家。)
Etsy已经引起华尔街的注意。3月16日,由于纽约等主要城市开始实施封锁,投资者担心即将发生经济衰退,股价创下52周新低。但在之后的两个月里,Etsy的股价上涨了157%,公司市值接近100亿美元。
西尔弗曼承认,他无法确定封锁开始后人们将会作何反应。但他认为,人们支持独立企业以及购买某种商品(至少是那些非批量生产商品)的意愿将在很大程度上帮助Etsy取得成功。
而新买家的涌入对Etsy来说是一次难得的机会,可以给新顾客留下良好的购物体验。西尔弗曼说:“这是一次很重要的体验。”
初步数据显示,许多买家并非一次性购物顾客:上个月在Etsy购买口罩的新顾客中,约32%在两周内再次购买。西尔弗曼说,准时发货统计数据和呼叫中心来电数量显示客户体验良好。
华尔街分析师似乎同意这样一种观点,即一旦封锁结束,其他零售商重新打开店门,Etsy依然能够继续留住新顾客。德意志银行(Deutsche Bank)的分析师库纳尔·马杜卡尔在一份研究报告中写道:“即便是对现有买家而言,他们也可能在Etsy上接触到更多的产品种类,拥有更多选择,这可能会吸引他们在一年以内多次光顾Etsy平台。”
自三年前西尔弗曼上任以来,他一直致力于对Etsy的旧货市场形象进行专业化改造。其中包括极大改善其搜索功能——考虑到Etsy随时可能卖掉6000万件特色商品,他说这项工作难度很大。有时,当涉及提高商家服务费,或者促使商家提供快速发货服务时,矛盾就会产生。
但是,当前eBay陷入困境,“零售业电子商务”网站不断增多,特别是在当前购物行为不断发生变化的背景之下,Etsy希望抓住一切机会吸引那些在购物平台选择上并不太在意的新客户。
西尔弗曼说:“对于很多人来说,无论想购买何种商品,都会习惯性地想到亚马逊。”他还说:“如果能让消费者停下来想一想:除了亚马逊,还能从哪里买到类似的东西呢?Etsy往往就会出现在他们的脑海里。”
现在,数以百万计的口罩买家至少对Etsy有了更多的了解。(财富中文网)
翻译:郝秀
审校:程晓田
当4月2日清晨,乔希·西尔弗曼开始一天的工作时,这位Etsy的首席执行官惊讶地发现,他们的手工艺品电子商务网站当天访问量突然激增。
访问量激增的其中一个主要原因为:当天早上几个小时内,“口罩”的搜索量增长了100倍,一度达到每秒9次。
自新冠疫情爆发以来,Etsy上的卖家一直在出售口罩。周四当天早上有媒体报道称,美国政府将改变立场,建议美国人在公共场合佩戴口罩,以帮助遏制疫情蔓延。
西尔弗曼告诉《财富》杂志:“就像爆炸一样,一切的发生只在一瞬间。”一些卖家在短短一个小时内接到的订单数就达到3月的总数。但是搜索量的增长随之也带来了一些问题。
一方面,西尔弗曼要确保卖家可以完成这些订单,避免给网站新顾客带来不好的购物体验,为顾客留下良好的第一印象。
更重要的一点,当西尔弗曼在搜索引擎中输入“face masks”(face masks兼有“口罩”、“面具”之意——译注)时,结果出现了许多万圣节面具和其他不相关的产品。他说:“这并非当前人们所需要的东西。”
到当天早上8:30,他和他的团队对前5000个最佳搜索结果进行手动分类,以对算法进行了临时修正。他们把真正销售布口罩的供应商置于排名前列,并将购物者重定向到确定可以处理相关订单的卖家网站,通过重新分配需求,对Etsy搜索引擎进行重新改造。
在接下来的48小时里,Etsy引入了更多的口罩卖家,帮助他们获得更多面料,并迅速建立自己的店铺。西尔弗曼说:“我们在很短时间内就在Etsy内部成立了一家中型公司。”
与Etsy通常的运作方式相比,新的改变需要耗费大量人力。但回报的丰厚也不可否认:今年4月,Etsy售出了1200万枚口罩,价值1.33亿美元,相当于其月度销售额的六分之一,而且西尔弗曼还说,预计这样的高需求水平可以持续保持。
此外,尽管4月历来都是婚礼主题礼物类产品的销售旺季,而今年因为疫情影响此类产品销售额有所降低,但Etsy网站上除口罩以外其他商品的销售额增长了79%。Etsy的整体业绩虽然没有暴涨,但依然取得了不错的成绩:2020年第一季度,Etsy卖家销售商品总价值达13.5亿美元,同比增长32.2%。
大量新增顾客
Etsy获得了宝贵的长期发展机会:仅在4月,Etsy新增顾客就超过400万,此外还吸引了250万名至少一年没有光顾的回头客重新访问网站。(2020年初,Etsy共有4640万活跃买家和270万卖家。)
Etsy已经引起华尔街的注意。3月16日,由于纽约等主要城市开始实施封锁,投资者担心即将发生经济衰退,股价创下52周新低。但在之后的两个月里,Etsy的股价上涨了157%,公司市值接近100亿美元。
西尔弗曼承认,他无法确定封锁开始后人们将会作何反应。但他认为,人们支持独立企业以及购买某种商品(至少是那些非批量生产商品)的意愿将在很大程度上帮助Etsy取得成功。
而新买家的涌入对Etsy来说是一次难得的机会,可以给新顾客留下良好的购物体验。西尔弗曼说:“这是一次很重要的体验。”
初步数据显示,许多买家并非一次性购物顾客:上个月在Etsy购买口罩的新顾客中,约32%在两周内再次购买。西尔弗曼说,准时发货统计数据和呼叫中心来电数量显示客户体验良好。
华尔街分析师似乎同意这样一种观点,即一旦封锁结束,其他零售商重新打开店门,Etsy依然能够继续留住新顾客。德意志银行(Deutsche Bank)的分析师库纳尔·马杜卡尔在一份研究报告中写道:“即便是对现有买家而言,他们也可能在Etsy上接触到更多的产品种类,拥有更多选择,这可能会吸引他们在一年以内多次光顾Etsy平台。”
自三年前西尔弗曼上任以来,他一直致力于对Etsy的旧货市场形象进行专业化改造。其中包括极大改善其搜索功能——考虑到Etsy随时可能卖掉6000万件特色商品,他说这项工作难度很大。有时,当涉及提高商家服务费,或者促使商家提供快速发货服务时,矛盾就会产生。
但是,当前eBay陷入困境,“零售业电子商务”网站不断增多,特别是在当前购物行为不断发生变化的背景之下,Etsy希望抓住一切机会吸引那些在购物平台选择上并不太在意的新客户。
西尔弗曼说:“对于很多人来说,无论想购买何种商品,都会习惯性地想到亚马逊。”他还说:“如果能让消费者停下来想一想:除了亚马逊,还能从哪里买到类似的东西呢?Etsy往往就会出现在他们的脑海里。”
现在,数以百万计的口罩买家至少对Etsy有了更多的了解。(财富中文网)
翻译:郝秀
审校:程晓田
In the early morning of April 2, as Josh Silverman started his workday, the Etsy chief executive was amazed to see a sudden surge in traffic to the handcraft e-commerce site on a run-of-the-mill Thursday.
One thing in particular was driving traffic: Searches for "face masks" rose 100-fold in a matter of hours that morning, hitting nine searches a second at one point.
While Etsy's sellers had been offering face masks for several weeks since the start of the COVID-19 pandemic, media reports surfaced that morning suggesting that the U.S. government was going to change its stance and recommend Americans wear face masks in public settings to help contain the spread.
"It happened like an explosion. It was instant," Silverman tells Fortune. Some sellers were moving the entire previous month's orders in just an hour. But the surge in searches didn't come without challenges.
For one thing, he wanted to be sure that sellers could fill those orders, lest it lead to a bad experience for someone new to the site, losing Etsy a chance to make a good first impression.
What's more, when Silverman typed “face masks” into the search engine, results were yielding a lot of Halloween masks and other irrelevant products. "That’s not what anyone thinks of as face masks in this moment," he says.
By 8:30 a.m. that morning, he and his team were doing triage by hand of the top 5,000 top results, an immediate fixing of its algorithms. They placed vendors who really sold cloth face masks first in the ranking and redirected shoppers to the sites of sellers who confirmed they could handle the orders as a way to redistribute demand, thereby retraining its search engine.
Over the next 48 hours, Etsy recruited more sellers to make masks, helping them figure out how to get more fabric and set up their shops quickly. "In a short time, we stood up a midsize company within Etsy," says Silverman.
This was all much more labor intensive than how Etsy would normally operate. But the payoff was undeniable: In April, Etsy sold 12 million masks worth $133 million, or one-sixth of its monthly tally, and Silverman says demand is holding up well.
What's more, sales on the Etsy site of items other than masks rose 79% last month, despite a drop in wedding-themed gifts during what is normally a peak time for that category. Etsy was already doing well, though not quite that well: In the first quarter of 2020, sellers sold $1.35 billion worth of goods on its sites, up 32.2% from a year earlier.
A bonanza of new customers
There's an important, longer-term upside for Etsy: In April alone, it won over 4 million new customers and got back 2.5 million others who hadn't used the site in at least a year. (At the start of 2020, it had 46.4 million active buyers and 2.7 million sellers.)
Wall Street has noticed. Shares hit a 52-week low on March 16, coincidentally when the lockdown started in major cities like New York as investors worried about the coming economic downturn. But in the two months since, Etsy shares have risen 157%, making the company worth almost $10 billion.
Silverman admits he was not sure how people were going to behave as lockdowns began. But he thinks people wanting to support independent businesses and buy one-of-kind items—or at least those that are not mass-produced—has a lot to do with Etsy's success.
And the influx of new shoppers has been a rare opportunity for Etsy to wow new customers. "It was important that it be a good experience," says Silverman.
Initial data suggests many are sticking around: Some 32% of new customers who bought a mask last month bought another item within two weeks. And Silverman says on-time shipment statistics and call-center volume suggest the customer experience has been good.
Wall Street analysts seem to agree with the thesis that Etsy will hang on to its new customers once lockdowns end and other retailers reopen their stores. "Even for the existing buyers, they may be exposed to the variety and selection of products available, which could induce them to come to the platform and buy more than just once a year," Deutsche Bank analyst Kunal Madhukar wrote in a research note.
Since Silverman took the helm three years ago, he has sought to professionalize a site that often felt like a flea market. That has included vastly improving its search function—something he says is hard, considering that Etsy sells 60 million unique items at any given time. And occasionally it has meant friction with sellers, either from higher fees or pushing them to offer fast shipping.
But at a time when eBay has floundered and “re-commerce” sites are on the rise, Etsy wants to take advantage of every chance it gets to attract new customers who might not have thought of it much, especially as shopping behavior is in flux.
"For anything you need, the habit for so many people is Amazon, Amazon, Amazon," Silverman says. "If I could just get them to pause for a split second and think to themselves, 'Where else could I get something similar?,' Etsy is going to come to mind a lot of the time."
And millions of mask buyers are now at least more aware of Etsy.