{"id":97207,"date":"2021-05-14T19:59:22","date_gmt":"2021-05-14T19:59:22","guid":{"rendered":"https:\/\/www-dev.channeladvisor.com\/blog\/uncategorized-au-2\/razer-grew-marketplace-gmv-10x-heres-how-they-did-it\/"},"modified":"2023-12-15T18:11:28","modified_gmt":"2023-12-15T18:11:28","slug":"razer-grew-marketplace-gmv-10x-heres-how-they-did-it","status":"publish","type":"post","link":"https:\/\/old.rithum.com\/au\/blog\/razer-grew-marketplace-gmv-10x-heres-how-they-did-it\/","title":{"rendered":"Razer Grew Marketplace GMV 10x. Here\u2019s How They Did It"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">First, there was an increase in gaming.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to research firm Nielsen, <\/span><a href=\"https:\/\/www.nielsen.com\/us\/en\/insights\/article\/2020\/3-2-1-go-video-gaming-is-at-an-all-time-high-during-covid-19\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">82% of global consumers<\/span><\/a><span style=\"font-weight: 400;\"> played video games at the height of the COVID-19 pandemic lockdowns.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Next came the lasting impacts: By the start of 2021, <\/span><a href=\"https:\/\/www.marketwatch.com\/amp\/story\/videogames-are-a-bigger-industry-than-sports-and-movies-combined-thanks-to-the-pandemic-11608654990\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">the gaming industry was a bigger moneymaker<\/span><\/a><span style=\"font-weight: 400;\"> than the global movie and North American sports industries combined.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The surge in demand has been a boon for brands that serve consumers in related e-commerce categories. And for one leading maker of gaming laptops and accessories, it opened a floodgate of possibilities. Then again, the brand&#8217;s e-commerce team wasn\u2019t anticipating the challenges that would surface, too.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the end, the company beat its own expectations to record <\/span><a href=\"https:\/\/investor.razer.com\/pdf\/pre200826.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">record-high revenue of $447 million<\/span><\/a><span style=\"font-weight: 400;\"> and 25% YoY growth. But those gains came with a unique set of growing pains.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To learn how gaming hardware manufacturer Razer was able to capitalise on the unprecedented opportunity, we went behind the scenes in an <\/span><a href=\"https:\/\/www.rithum.com\/au\/why-rithum\/customers\/razer\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">interview with the brand\u2019s e-commerce team<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Getting ahead of the e-commerce game<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">As the world\u2019s leading lifestyle brand for gamers, Razer\u2019s triple-headed snake trademark is one of the most recognized logos in the global gaming community. With a fan base of 100 million loyal consumers spanning every continent, the company supplies avid gamers with award-winning laptops, accessories and software.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Put simply, it\u2019s the name people count on for outstanding gaming experiences. So when consumers turned to e-commerce to meet their shopping needs, the company responded by listing its products on marketplaces such as Amazon, eBay and Catch. Demand was high, sales were up and the profit potential was promising.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But then things got complicated, and the online team discovered just how challenging it can be to<\/span> <span style=\"font-weight: 400;\">maintain a strong marketplace presence. There was inventory to manage, stock levels to track and product listings to fine-tune. With each new marketplace launch, the process became more complex.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The team knew there had to be a better way. So they set out to find a solution that would make marketplace management more efficient.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Together with the <\/span><a href=\"https:\/\/www.rithum.com\/au\/services\/managed-services\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Rithum Managed Services for Marketplaces<\/span><\/a><span style=\"font-weight: 400;\"> specialists, Razer was able to automate data feeds, develop competitive pricing strategies and more.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cRithum keeps us connected to each marketplace, and frees our team to devote more time to high-value initiatives,\u201d said Digital Specialist Hueyming Koh. \u201cThe platform makes everything so much easier.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">She added that Rithum&#8217;s unique mix of e-commerce expertise and advanced technology has helped ensure Razer doesn\u2019t miss out on emerging opportunities.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cThey keep us up to date on opportunities among the individual marketplaces, and ahead of changing laws and regulations \u2014 such as the value-added tax (VAT) changes resulting from Brexit,\u201d she said.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Reaching new growth and revenue goals<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Since switching from manual oversight to e-commerce automation, Razer has been able to expand\u2026<\/span><\/p>\n<p><span style=\"font-weight: 400;\">And expand\u2026<\/span><\/p>\n<p><span style=\"font-weight: 400;\">And expand some more.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So far, the brand has managed to double the number of marketplaces where it sells and achieve 10x more marketplace GMV. And they\u2019ve done it all while spending less time on online selling activities.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cEfficiency in work has gone up by about 50%,\u201d said Senior Manager of Online Sales Operations Ain Karel Areola. \u201cWe can easily list products with a universal template for all marketplaces, and we can gather insights quickly with the Rithum dashboard.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Razer\u2019s story is yet another shining example of what brands can achieve when they\u2019re able to get products in front of the right customers at the right times. For even more inspiration, be sure to <\/span><a href=\"https:\/\/www.rithum.com\/au\/why-rithum\/customers\/razer\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">read the full story<\/span><\/a><span style=\"font-weight: 400;\">. Or, better yet, pursue the full library of Rithum success stories to see how other <\/span><a href=\"https:\/\/www.rithum.com\/au\/success-stories\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">brands and retailers are increasing revenue and skyrocketing sales<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>First, there was an increase in gaming.\u00a0 According to research firm Nielsen, 82% of global consumers played video games at the height of the COVID-19 pandemic lockdowns. Next came the lasting impacts: By the start of 2021, the gaming industry was a bigger moneymaker than the global movie and North American sports industries combined. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":96962,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"tags":[9591,7683],"asset-type":[13744],"audience":[13407,13410],"bio":[14335],"topic":[5153],"class_list":["post-97207","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-customer-success-au","tag-marketplaces-au","asset-type-blog-au","audience-brands-suppliers-au","audience-retailers-au","bio-rithum-team-au","topic-marketplaces-au"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.3.1 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Razer Grew Marketplace GMV 10x. 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