The Impact of Instant Commerce on Digital Strategy With Matt Dornfeld

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The Impact of Instant Commerce on Digital Strategy With Matt Dornfeld

Matt Dornfeld

Matt Dornfeld is the Senior Director and Head of Global Partnerships at Feedonomics, a subsidiary of BigCommerce and an enterprise that provides leading product feed management solutions for brands, retailers, and agencies. Feedonomics offers brands a robust platform to aggregate their product data and syndicate it to marketplaces, ads, and affiliate channels worldwide. Matt's role is pivotal in facilitating global business partnerships and helping brands scale their operations, resulting in win-win-win outcomes for clients, partners, and Feedonomics.

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Here’s a glimpse of what you’ll learn:

  • [2:40] Matt Dornfeld breaks down instant commerce and its potential for brands
  • [9:56] The importance of delivery transparency and customer choice in online shopping
  • [13:03] How instant commerce drives profitability and growth
  • [16:38] North Star strategies for executing instant commerce
  • [18:49] Which platforms have experimented with instant commerce?
  • [21:12] How to boost profitability for DTC sites
  • [29:38] Best practices for marketplace expansion

In this episode…

Instant commerce allows customers to receive their orders within hours of purchase. Platforms like Amazon, DoorDash, and UberEats have pioneered this commerce method, and with more customers expecting same-day delivery for every order, brands are capitalizing on this trend. How can you break into the instant commerce space while driving long-term profitability?

According to feed management expert and strategist Matt Dornfeld, consumers shop mainly on Google and Amazon, making these channels their primary starting points. Google’s local inventory ads feature targets consumers with ads for locally available products and directs them to the merchants’ websites where they can select from same-day pick-up or delivery. This tool allows brands to foster transparency and build trust with customers online and in-store, which are crucial for elevating experiences and driving conversions. Facebook and Bing have similar local inventory features, so you can expand into additional marketplaces to reach more shoppers. This requires understanding where your customers shop and investing in channels that align with your overall brand strategy.

In the latest episode of The Digital Deep Dive, Aaron Conant hosts Matt Dornfeld, the Senior Director and Head of Global Partnerships at Feedonomics, who shares insights about instant commerce for brands. Matt talks about the importance of providing customers with multiple shopping options, North Star strategies for executing instant commerce, and how to boost profitability on your DTC site.

Resources mentioned in this episode:

Quotable Moments:

  • "Instant commerce is helping shoppers get the things they're looking for really, really, really fast."
  • "If you're not investing in Amazon ads, you're missing out on a significant opportunity to drive conversion."
  • "You have to meet your shoppers where they are, and they are on Google and Amazon."
  • "Retail is starting to hit an innovation curve as it relates to instant commerce."
  • "Investing in the right services with mega partners can yield easy wins, assuming they're aligned to your category."

Action Steps:

  1. Evaluate channels for alignment with brand strategy and customer behavior to avoid oversaturating the wrong marketplaces: This ensures targeted growth by focusing efforts where they will be most impactful and relevant.
  2. Optimize product data for marketplace success to ensure accurate and compelling listings: Accurate product data reduces friction for customers, increasing the likelihood of conversions and repeat purchases.
  3. Leverage local inventory advertising to bridge online marketing with in-person purchasing experiences: This approach enhances the customer journey by providing immediate gratification while driving foot traffic to brick-and-mortar locations.
  4. Develop a North Star strategy to provide cohesive growth across all business functions: Having clear long-term goals allows for flexibility in strategy while ensuring every step contributes to overall success.
  5. Engage with trusted partners and vendors for proactive, innovative solutions tailored to current market dynamics: Collaborating with seasoned experts facilitates informed decision-making and adaptive strategies, potentially maximizing ROI.

About BWG Connect...

BWG Connect provides executive strategy and networking sessions that help brands from any industry with their overall business planning and execution. We network and knowledge share together to better understand and adapt to the newest trends, strategies, and pain points shaping growth in the digital space. BWG Connect, in conjunction with BWG Strategy, has built an exclusive network of 125,000+ senior professionals and hosts over 2,000 virtual and in-person networking events on an annual basis.

In addition, we have had 1x1 conversations with over 5,000 brands and have a real-time pulse on what digital strategies are successful and why. This in-depth knowledge allows our team to operate on the cutting-edge and provide our clients with best-in-class guidance on how to win in the digital world. We have provided free consultations and strategy sessions for companies of all sizes, from start-ups to Fortune-100, to enable growth, resolve issues and make curated service provider introductions that can impact your digital footprint.

We have held to the philosophy of providing high-level insights and actionable knowledge with no sales pitches in order to provide to our network the ability to listen, learn and act to improve themselves as well as their organizations. Our ultimate goal is to be the resource out there to help digital executives find the research they need to excel in the modern marketplace.

If you are interested in getting involved with any of our current or past events, you can find them here. If you are looking for help & would like to set up some time to chat with our team, you can schedule a time or reach out directly to Aaron@bwgconnect.com or Tiffany@bwgconnect.com.

BRINGING TOGETHER INFLUENTIAL EXECUTIVES AND SENIOR PROFESSIONALS

What is BWG Connect?

BWG Connect provides executive strategy & networking sessions that help brands from any industry with their overall business planning and execution. BWG has built an exclusive network of 125,000+ senior professionals and hosts over 2,000 virtual and in-person networking events on an annual basis.
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