Ben Gemkow

Lead, Amazon & Marketplaces

Introducing Target+ (Target Plus)

Target is now officially in the marketplace game with its new platform, Target+ (Target Plus). This is exciting news as Target joins other retail-behemoths like Amazon, eBay, and Walmart in the world of third-party marketplace advertising.

Invitation-only access for brands
Unlike Walmart and Amazon, entrance is invite-only for brands to participate. By inviting approved sellers only, Target will be able to avoid the issues we have seen in competitor marketplaces that let anyone in. This strategy will ensure the products sold align to Target’s brand of providing only quality items to their customers. They are also going to manage the entire customer experience—although this can be seen as a disadvantage to sellers.

Target+ (Target Plus) vision
Target+ won’t be a separate platform; instead, its items will be integrated with the rest of the site’s products to create one ecosystem. They are incentivizing customers by allowing them to receive their loyalty perks regardless of the item purchased. One of Target’s goals for this marketplace is to grow their online revenue through “service revenue” from third-party sellers. It will also help that with Target+ they will increase their online inventory but without the risk of holding items in stores or warehouses. They envision additional revenue growth by also driving traffic back to their stores, and equipping them to be product return drop-off points.
What does this mean for marketers?
As a top-ten brick and mortar retailer in the U.S., we are ecstatic to learn about Target’s push into the eComm marketplace world. This means more search placements opening up beyond Amazon, eBay, and Walmart, and the ability to reach a whole new audience. One thing that will be difficult for marketers is choosing which products to sell and advertise. With Target owning the customer experience, this will be a challenge due to the lack of access brands will have to their customer purchase data. The exclusivity play is unique and will be alluring to brands currently on the outside; what can they do to get in? We are ready to figure it out!
Contact Rise today for help with managing your marketplace strategy.

04/04/2019 at 03:38

Subscribe to
the Rise Blog

Sign up to receive valuable industry content, delivered straight to your inbox.

or Close this form


Want More?

Subscribe to the Rise blog and we'll let you know when new articles are available.

You might be interested in:

Blog / Trends, Marketplace

Walmart Advertising’s Self-Service Platform

Read More

Why Walmart Advertising?Walmart generates over 100 million visitors per month on its eCommerce [...]

Blog / Trends, Amazon, Marketplace

VIDEO | Accelerate Your Growth with Amazon Advertising

Read More

Once you’ve set yourself up for success on Amazon by establishing your product mix and [...]

Blog / Amazon, Marketplace

Rise Interactive Selected for Amazon Advertising Partner Directory

Read More

Rise Interactive is excited to announce our inclusion in Amazon Advertising's Find-A [...]