January 2025 Newsletter

December Newsletter

January Newsletter Topics

 

Our partners gave us feedback that the paragraph format was too much to read, so we are trying bullet point summaries this month. Let us know if you like it better 🙂  P.S. Joe freezes sometimes in the video he is still alive and well.

 

Appetite Emails Explained

  • Purpose: Appetite emails are monthly communications sent to determine each partner’s budget and inventory needs.
  • Why It’s Necessary:
    • Control of Spend: Ensures partners approve their budget and maintain control over their accounts.
    • Compliance: Required by credit card underwriters for flexible subscription agreements.
  • Process:
    • Two emails: First confirms the budget; second offers inventory options.
    • Partners approve transactions based on recommendations, ensuring compliance and clarity.
  • Future Improvements: Language in emails will be more concise, repetitive, and clear. Visual aids are being developed for better understanding, targeted for rollout in February.
 

 

Walmart Stores Now Shipping

  • Progress: Initial shipments to Walmart’s fulfillment centers began January 8.
  • Onboarding:
    • Greg is coordinating setup via Zoom, ensuring partners complete documentation and grant user permissions.
    • Approximately 60 stores have been onboarded, aiming to finish all by the end of January.
  • Walmart Platform Benefits:
    • Higher profitability per item than Amazon, despite fewer sales.
    • Building infrastructure for scalable bulk shipping.
  • Next Steps: Partners approved for Walmart will start seeing product offerings soon.
 

 

Account Managers

  • New Hire: Thomas joined as an account manager, focusing on high-value accounts shipping $50,000+ monthly.
  • Role: Dedicated to optimizing store performance, managing inventory, pricing, and returns.
  • Incentives: Account managers receive performance-based bonuses tied to store success.
  • Plan: As partner stores grow, additional account managers will be hired, all based in New Jersey for warehouse accessibility.
 


SKU Vault Update

  • Overview: SKU Vault is a new inventory management system integrating both Amazon and Walmart inventory.
  • Current Status: 90% implemented but delayed due to onboarding complexity and staff illnesses.
  • Benefits:
    • Partners can track inventory stages from order to shipment.
    • Simplifies operations for both Amazon and Walmart platforms.
  • Next Steps: Full rollout expected soon, with partners informed upon completion.
 


Vail, CO Trip

  • Details: January event for partners and staff is overbooked, with 50+ attendees, including 41 partners.
  • Purpose: Networking, team-building, and major announcements.
  • Future Events: Scheduled in San Diego, Idaho, New York, Florida, and Texas through 2027. Partners are encouraged to attend for networking and business growth opportunities.