Show notes
Listen in as Alvaro Lopez from Solo Stove shares this brand’s incredible entrepreneurial journey that began with two brothers with a vision and has since flourished into a significant role in the Amazon, Walmart, and e-commerce landscape. Our conversation paints a picture of how his academic pursuits in international studies set the stage for a career that expertly intersects with the Amazon-selling industry. We also unravel the story behind Solo Stove's creation by two brothers who dared to dream beyond the confines of their day jobs, skillfully navigating the supply chain from China to North America to deliver a product beloved by outdoor enthusiasts. Join us as we dissect the intricate details of brand strategy and e-commerce optimization for Amazon and Walmart. From the leap of establishing a direct-to-consumer channel to strategic maneuvers post-IPO, our discussion with a global director of marketplaces offers many insights. We dive into the crucial role of consumer obsession and mastery over logistics, and we share invaluable tactics for brand defense on platforms like Amazon. The importance of rich content and keyword optimization to cut through the noise of a saturated marketplace is laid bare, providing a roadmap for e-commerce success.Wrapping up, our chat transitions from the tantalizing secrets of Peruvian chicken to strategic e-commerce maneuvers. We highlight the essential role of high-quality ingredients and cultural heritage in culinary success before shifting to the nuances of effective copywriting and the power of tools like Helium 10's Cerebro tool. Alvaro emphasizes the significance of localization in global branding and imparts wisdom on the 'action over perfection' philosophy that has fueled the growth of many successful brands. This episode is a must-listen for anyone looking to navigate the complex yet rewarding waters of e-commerce with agility and foresight. In episode 538 of the Serious Sellers Podcast, Bradley and Franco discuss: 00:00 - Strategies for Solo Stove's E-commerce Success 07:58 - Solo Stove's Brand Defense Strategy In Amazon 09:50 - E-Commerce Brand Strategy and Optimization 12:05 - Strategies for Brand Protection 15:01 - Emotional Branding in Marketplace Selling 18:56 - Marketplace Performance Analysis and Expansion 20:21 - Expanding Sales Channels and Branding Strategies 25:57 - Peruvian Chicken's Secret & Other E-Commerce Strategies ► Instagram: instagram.com/serioussellerspodcast ► Free Amazon Seller Chrome Extension: https://h10.me/extension ► Sign Up For Helium 10: https://h10.me/signup (Use SSP10 To Save 10% For Life) ► Learn How To Sell on Amazon: https://h10.me/ft ► Watch The Podcasts On YouTube: youtube.com/@Helium10/videos Transcript Bradley Sutton: You've probably heard of Solo Stove, a company that does almost half a billion dollars annually and does ads with people like Snoop Dogg and more. Now, today we're going to talk to one of the heads of their Amazon business to see what strategies that any Helium 10 user has access to that help them increase to this level. How cool is that? Pretty cool, I think. Kevin King: Hey, what's up everybody? Kevin King here. You know, one of the number one questions I get is how can you connect to me? How can I, Kevin, get some advice or speak with you or learn more from you? The best way is with Helium 10 Elite. If you go to h10.me/elite, you can get all the information and sign up for Helium 10 Elite. Every month, I lead advanced training where I do Seven Ninja Hacks. We also have live masterminds and every single week, one of those weeks I jump on for a couple hours and we talk shop, we talk business, do in-person events. Helium 10 Elite is where you want to be. It's only $99 extra on your Helium 10 membership. It's h10.me/elite. Go check it out and I hope to see you there. Bradley Sutton: Hello everybody and welcome to another episode of the Serious Sellers Podcast by Helium 10. I'm your host, Bradley Sutton, and this is the show that's a completely BS free, unscripted and unrehearsed organic conversation about serious strategies for serious sellers of any level in the e-commerce world. And again I am here on the other side of the world, here in Frankfurt, Germany, and got to link up with somebody I've known virtually for a while but now got to meet in person Alvaro: from Solo Stove. Alvaro, how's it going? Alvaro: Good, Brad, thanks for having me. Good to be here. Bradley Sutton: Now, your accent is not a typical Swiss accent. I know you live in Switzerland. Where, so where were you born and raised? Let's talk about you, the person first of all. Alvaro: So I'm originally from Lima, Peru, my parents, but I grew up in Washington DC, which is why you hear the accent. So just outside of DC, you know, finished secondary school, started my undergrad in Utah and took a two-year break. During that undergrad, moved around Mexico, different parts of the states for an LDS mission at the time, and then, right after I got back and got into my undergrad, moved to Spain. That's where I met my wife, who's Swiss, German, and that's what really brought us to Southern Germany. This is why you're hearing American accent. Bradley Sutton: There you go. So how long have you been in Europe then? Alvaro: That was in 2014. So it's been. It's crazy to think it's been a decade. Yeah, but it's been a decade, a decade exactly this month. Bradley Sutton: Wow, where did you go to University? Alvaro: Utah State. Bradley Sutton: Utah State. Yeah, aggies, oh, I got it. Oh, yes, man I always try to like test myself. Alvaro: Right, it's like randomly in a very cold part of Utah the coldest part of Utah right on the border with Idaho but it's a pretty big undergrad campus, about 25,000 students, so don't keep me honest, but the international programs are amazing. Bradley Sutton: What do you study when you're there? Alvaro: I study International Studies. I'm really an honor trajectory to work for the State Department at the time, and I had already met my wife prior to finishing my undergrad, and so when I finished a foreign service exam right after my undergrad, she had got a gig in Basel. She works in the biotech pharmacy industry and Basel is mostly known for the pharma industry, and I took a job at the time in e-com through some friends in my network, and the rest is history, dude. Bradley Sutton: Yeah, what was? So when did you get into e-com? Alvaro: 2016. Bradley Sutton: 2016? So what? What part of e-com was that? Was that Amazon, or was that? Alvaro: Specifically, I was working through an agency at the time that was helping North American brands expand on Amazon generally, and I was a first European hire at the time to bring brands into Europe, and that's really we were able to successfully scale certain clients and from there moved around through other European companies, brought me into Luxembourg. I've worked back in between Germany and Switzerland for a few years and it's so now for almost four years. Great as a thing, yeah. Bradley Sutton: Alright, so that's Alvaro's background. Let's talk about Solo stuff. A lot of this is that household name. I've had all kinds of cool companies like. I just interviewed somebody from Lego here now. We got Solo, so yeah for those who don't know about Solo. So what's the background of Solo? So the company? Alvaro: Yeah, so you know, Solo stuff is a business. Of course we're in the consumer product goods industry but, like our whole goal as a brand and as a business is to help our customers connect with their loved ones and connect with the outdoors. So I'll kind of get back to that later if we go in detail. But the organization itself, two brothers founded the brand in 2010, as you see my t-shirt here I'm like repping well the company and really what they were looking. They were both entrepreneurs. They're both Chinese, Canadian origin, so both very familiar with the supply chain aspects in China, but, of course, going up in Canada, so many opportunities in terms of producing things in China and bringing it over with healthy profits in the Western market. So these two brothers were just looking for ways to find freedom from their day-to-day jobs. We're both were working at the time some pretty strenuous jobs. So they found a space and so I'm giving a lot of context. I think it's important to understand. Alvaro: As they were iterating different product lines, they created this ingenious. What was this mini, now known as the light? But it was the original, just only Solo Stove and it was really a camp stove designed to be able to light a little camp stove within 90 seconds from twigs to a burning fire that you could cook with, with just the stainless steel concept, and so that same design and engineering is ultimately what ended up being optimized into grow I almost spoke German there close into bigger camp stoves from the light. And then, back in 2018, we ran a kick starter that introduced the bonfire range, and that's really what helped accelerate our growth and our momentum as a brand. But originally started from two brothers wanting to just have freedom in their lives, to create products that create good moments that leads to lasting memories. And now here we are as a publicly traded business. Bradley Sutton: Public company having Snoop Dogg. Maybe some of you guys saw the ad campaign like I'm going smokeless. Alvaro: You did go smokeless. Yes. Bradley Sutton: So that's, that's pretty cool. Now, you're a publicly traded company. I know like I think you guys had published like in 2022. You've done over like 400 million across all platforms. Were you up last year, down last year, 2023? Alvaro: Yeah, so from a marketplace perspective, we were up, which you felt really grateful. Obviously, last year, 2023 was really interesting year. We’re kind of pretty much all brands in our sector are reconciling like post pandemic trends. So as a business, overall we were pretty flat, healthy, cash wise and profit wise, very strong marketplace and international saw tremendous growth, which we can talk about this in detail. But I view our partnership with Helium 10 as a core variable to that consistent performance. I'm really helping us understand where the market at scale really is and how we can continue to take part of that market share that we have and grow it. So, from a marketplace perspective, amazon specifically USA was up in Amazon global was up significantly year-over-year. Bradley Sutton: What percentage? You know what once you get to a certain level. This is similar to what I talked about, Silas, who formerly from Lego is, is like what percentage is from brand search? And then what percentage would you say is just coming from people typing in you know, smokeless Barbecue pit or something? Random keywords. Alvaro: It's a great question and actually you know it ties directly into what we can do within Helium 10 and tech stack. You guys simplify, but from what we've seen, both within the search query performance on brand analytics and seller central, and from the believe it's Frank and center said, able to remind me where we can find a search volume that I don't yep, yep, we see that the Solo Stove branded searches is almost three times bigger than smokeless fire pit. Wow, which is wow, which is unique, because there's not a lot of brands that can pretty much be synonymous to an entire market. I mean, yeah, of course. Yeah, Lego is. Bradley Sutton: One of the only examples where it's like I don't know what you would skate toy bricks right. Alvaro: Kleenex, I guess. So we've been really grateful that we can drive that. Obviously, in the US, Germany, Canada, UK, Amazon is definitely if not the biggest, one of the biggest search engine platforms for consumers looking for a product or looking into a product. So, naturally, the way we have our omni channel sales channels, I should say set up, we leverage Amazon as both, of course, a place where we can drive tremendous growth and profit, but also a place where we need to defend the brand. So I think from a percentage perspective, all over half of our sales come from branded search, which is really a strong attribution to our entire brand and marketing team and, of course, product development team. We can go into detail in this podcast, however you wish, but for us, a marketplace that's really critical is how are we defending the brand, how are we displaying the brand, how's our content, what's that consumer experience like and how are we defending the traffic that's looking for us so we're not losing them in the funnel? It's a critical component of our strategy. Bradley Sutton: Interesting. I definitely want to get into some specific strategies, but one just general question I'm curious about is from what I understand, Solo Stove in the States has been kind of like a household name for a while. You're a little bit newer here in Europe. What was your expansion strategy? Like, did Amazon play a big role in trying to get your brand out here, or was it a lot of just traditional marketing? Alvaro: Yes, so we officially. So. I was actually the first European hire fun fact for Solo Stove back in very end of 2020, going into 2021. Originally brought on as a director of marketplaces globally. First for Solo, this was pre acquisition of other brands, pre IPO, so then took that role as we acquire new brands right shout out to Oro, Kayak, Iel, Chubby Shorts. So it was really really interesting experience. And then that fall 2021 is when we launched direct to consumer. Alvaro: Now, we had a little bit of a head start. We had some great distribution partners, some that we still work with very closely with today, that we had some organic search and so really, from the circumstance in the car that we were playing, that really helped us define, specifically in Europe, the way we're going to market is like where to put our focus in terms of marketing spend and our focus in terms of channels, like where we're actually going to sell. So we immediately noticed that in Europe specifically Northern Europe to be most specific, right between the UK, Nordics, Benelux, the Dach region, right Germany, Austria, Switzerland we knew that would be our focus. So that definitely helped us define where our headquarter would be, which is today in Rotterdam. That was extremely critical. Make sure we staff that effectively. Alvaro: For us, consumer obsession is our fundamental. We want to make sure customers have a great experience and that logistically which we own our distribution out of Rotterdam we own all of our logistics. That's an extremely critical component. So, in terms of, like, the actual launch right, the setup is critical. Understanding which market we're going to play in. Alvaro: I mean, these were things that were important to set up, but once actually going live to market, we're a digitally native brand. So when we went live to market, it was an omnichannel mix digitally, meaning that we focused, hyper focused on our website and across Amazon Pan Europe, and we did more our first full year being live direct to consumer than it took solo, so 10 years to do it domestically. So it was, I would say, obviously and this is with the same profit constraints that we have in the US obviously, as public and traded business, we have a responsibility to shareholders, not only to drive top line but also to drive bottom line. So we're really, really proud of that story and we've just seen year over year growth, sustaining those same top and bottom line figures that I'm alluding to. Bradley Sutton: Awesome,…
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