LTM 102: The Marketplace Battle - Local vs Global in the Netherlands
What does bol have that Amazon doesn't? Or to put it another way: Why is bol so far ahead in the Netherlands? Ingrid and Valerie explore this question in the new episode together with Thomas Philip-Bashar, Product Manager at the Dutch solution provider Channable. They discuss how bol has benefited from the fact that large players like Amazon have long ignored the small country, but that the Netherlands, with an internet penetration rate of 95%, is a very well-developed market. They discuss the role of logistics in defending the market position after Amazon entered the market in 2020. And they delve into the similarities and differences in the advertising options for both platforms. Thomas also expects a new advertising format at bol in the second half of the year.Note to the sponsor MediaMarktSaturn:With a turnover of 22.4 billion euros, MediaMarktSaturn is one of Europe's leading consumer electronics retailers. Since launching its marketplace in Germany in 2020, the company has been pursuing an international strategy and is now represented in Spain, Austria, Italy, and the Netherlands – and has also recently launched in Belgium. Poland will follow this year. The range includes around 2 million products in categories such as IT, TV, household, gaming and more. With additional services such as easy marketplace integration and individual support, MediaMarktSaturn makes it easier for its approximately 1600 retailers to do business on the marketplace. And if you want to know more, take a look at our detailed marketplace portrait of MediaMarktSaturn. https://marketplace-universe.com/marketplace-portrait-mediamarktsaturn/ Chapters:00:00 Introduction to the Deep Dive Episode06:29 Exploring the Dutch Marketplace Landscape12:40 The Role of bol in the Dutch Market18:54 Amazon's Impact and Strategy in the Netherlands24:49 Advertising Strategies: bol vs. Amazon30:35 Future of Marketplaces in the Netherlands