Ep 472 · 11 min · Fri 6 Dec 2024

Jethro Marks from The Nile | Checkout

How does a retailer thrive for 21 years in a fast-changing industry? Jethro Marks, co-founder of The Nile, reveals the inspirations that keep him ahead of the game.

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In this episode of The Checkout, we sit down with Jethro Marks, co-founder of The Nile, one of Australia’s longest-running online retail businesses. From a computer in a living room, to a leading eCommerce platform, offering over 60 million products to customers across 120 countries, Jethro has achieved a lot in the past 21 years. In this chat he opened up about the inspirations and tech that keeps his business running smoothly, how global trends like Temu are shaking up the industry and  the importance of staying focused in a crowded market.

The Weirdest Thing Jethro Has Ever Bought Online

As a pioneer of Australian ecom, Jethro has made his fair share of online purchases, but above all, one stood out: a typewriter ribbon for his son’s typewriter. In a world full of gadgets and screens, Jethro’s son had taken an interest in something much more old-school. “My kid decided he wanted a typewriter…So, I had to source a typewriter ribbon for it—because, of course, it needed one to work. That’s probably the weirdest thing I’ve bought online,” Jethro shared.

The typewriter phase didn’t last long, though. As Jethro put it, “He was into it… until he got an iPad, and I haven’t seen the typewriter since.” Despite the changing preferences of a tech-savvy generation, the story speaks to the enduring appeal of eCommerce platforms to meet every need, big or small, providing access to a range of products you’d struggle to find elsewhere.

Jumping on the Temu Bandwagon

With platforms like Temu shaking up the online shopping world, we asked Jethro if he’s jumped on board. Turns out, he’s not only tried it—he’s keeping a close eye on it.

Temu is fascinating—it’s essentially what Wish tried to do but failed. The big difference is that Temu nailed the logistics piece. If you’re looking for unbranded, low-cost items, they’re unbeatable.

Jethro sees platforms like Temu as a wake-up call for traditional retailers, pushing them to think harder about what real value they offer. “What it makes you question is—what value is being added by retailers who simply import products, maybe slap a brand on it, and then just markup the price? Platforms like Temu are shaking that up by going directly to consumers,” he said. 

Jethro sees the rise of Temu as part of a larger shift in eCommerce, where customers expect low prices and fast delivery, forcing traditional retailers to differentiate through quality, service, or unique experiences. It’s something all retailers should be watching closely. 

Dan Murphy’s: The Retailer That Continually Inspires

When it comes to retailers that Jethro admires, Dan Murphy’s tops the list for its stellar logistics and consistent customer service. From product availability to speedy deliveries, he sees it as a model of operational excellence. 

No matter where I am in Australia, Dan Murphy’s is always on point. They’ve got the logistics piece down to an art—fast delivery, great customer service. I’ve never had a bad experience.

What stands out for Jethro is how Dan Murphy’s manages to deliver a seamless experience across Australia, no matter where the customer is located. “I think what they do really well is make sure that, whether you’re in a major city or somewhere remote, the service doesn’t waver. They’re consistent. For a business like ours, that’s something we’re always striving for,” he shared.

Dan Murphy’s proves that no matter the size of your operation, delivering a great customer experience every time is what keeps people coming back. It’s an important reminder that consistency is still key to retaining customer loyalty.

BigQuery: The Tech That Powers The Nile

Behind the scenes at The Nile, there’s one tool Jethro says they couldn’t live without—Google’s BigQuery. Managing a business with millions of SKUs and global operations requires some serious data management, and for Jethro, BigQuery is at the heart of it all. “BigQuery is the backbone of our business. We deal with an enormous amount of data every day, and this tool allows us to manage it efficiently. Everything flows from that,” he explained.

As The Nile scaled, the need to handle complex data—inventory, logistics, and customer behaviour—became critical. BigQuery gave Jethro’s team the power to process and analyse huge datasets quickly, allowing them to make real-time decisions that keep operations efficient. “Our business would look very different if we didn’t have the ability to process and analyse large amounts of data quickly and accurately. BigQuery changed the game for us,” Jethro added. 

This is testament to the fact that if you are to succeed as a large-scale ecom operation, investing in the right data tools is essential. Tools like BigQuery not only help businesses manage growth but also ensure they stay agile in a fast-moving market.

The Nile’s Biggest Challenge: Focus and Execution

Running a business as large as The Nile comes with its fair share of challenges, but for Jethro, the biggest one is staying focused on what matters most and following through with flawless execution. When asked about his biggest hurdle Jethro said, “Focus and execution—hands down. In this business, it’s easy to get distracted by new opportunities or trends, but what really makes the difference is how well you execute on your core strategy,” Jethro explained.

For him, the secret to success isn’t just having a good idea, it’s about maintaining a steady focus on executing that idea day in, day out. “I’m a big believer in 1% inspiration, 99% perspiration. It’s not about the ideas—it’s about consistently executing them,” he added.

Jethro’s focus on execution is what has allowed The Nile to continue growing in a highly competitive market. His team pays attention to detail, ensuring that every process runs smoothly, from inventory management to customer service. “Retail is all about detail. If you don’t nail that, nothing else will work. It’s not the flashy stuff that matters most—it’s getting the basics right every single time,” Jethro emphasised.

The world of ecom offers almost limitless possibilities. The real challenge isn’t just generating new ideas—it’s maintaining focus and executing them with precision. Consistent attention to detail is what sets successful retailers apart.

Focus, Consistency and Constant Learning

Jethro’s journey with The Nile is a masterclass in focus and consistency, leveraging the right tools and continually evolving in a fast-changing retail landscape to stay ahead of the game. Whether it’s investing in data tools like BigQuery or learning from the operational excellence of retail giants like Dan Murphy’s, Jethro’s approach highlights the importance of consistent execution and customer focus. For anyone looking to build a lasting business, the key is staying adaptable while remaining laser-focused on what matters most—delivering value and great experiences for your customers.

The Checkout is a short snippet of our conversations.

Read the full transcript Auto-generated

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[Voiceover]: Welcome to the checkout. We catch up with previous add to CART guests and ask them five quick questions to get to know them better and leave you with a little extra inspiration to get through your Friday. Here's your host, Bushy.

[Ad]: Today's checkout features Jethro Marx, the visionary founder behind the Nile, one of Australia's first online retailers that has transformed from a full laptop operation in the early days to shipping 60 million products across 120 countries 21 years later. A true pioneer in Aussie ecom, Jethro has built a multi platform empire selling across big name platforms such as Amazon, ebay, Catch Kogan and more to deliver the best products to Australian and New Zealand customers. Today on the checkout, Jethro shares the strangest thing that he's ever bought online.

Nathan Bush: It's a real throwback.

[Ad]: Talks about how he's kept the Nile running smoothly over all those years and is really open around how they're making

Nathan Bush: big moves to become Australia's top online bookstore.

[Ad]: Jethro, welcome to the checkout.

Nathan Bush: Great to have you here.

[Ad]: We heard about your 21 years of

Nathan Bush: building the incredible business that is the Niles shipping to over 120 countries around the world, 60 million products, custom technology and everything that goes with it. It was brilliant to hear your perspective on e commerce over all those years and your approach to business, but we're going to hear a little bit more about you. I've got five quick questions. Number one, what's the weirdest thing that you've ever bought online?

Jethro Marks: So I buy lots online. I have to think about this for a sec. So I Delved into my ebay history to go and see what it is that I actually had bought. And the thing that was probably the oddest, I don't know if anybody goes, everyone's going to know what this is. I bought typewriter ribbon. A typewriter for those people who are not of the generation would know, is like a manual device for typing on. And I had a. My kid, for whatever reason, years ago, decided that he wanted a typewriter before he was allowed screens, I think. So we got him that. And they had to source ribbon because it needed that to print with, to be able to transpose the ink. And the Internet's a beautiful thing. Everything's available if you know where to look. And sure enough, there was so typewriter ribbon. I think, hands down, probably the strangest thing I've got to buy.

Nathan Bush: And how long did your kid's attention with the typewriter last?

Jethro Marks: Until he got an iPad? I haven't seen it since.

Nathan Bush: I'm really interested in your perspective on this. Having been through the ebay wave, the Amazon wave, have you jumped onto TEMU and made an order yet?

Jethro Marks: Absolutely no, for sure. So Timu is an interesting one because they. This is the second iteration. You had wish.com which was the first iteration of this, which was like manufacturer to consumer, and then that fell over primarily off the back of logistics. I think that's the main reason they couldn't get the shipping right. Whereas I think Timu's done a phenomenal job of actually putting a very good logistics proposition together. And I think about, if you want to buy very low cost, not necessarily branded, not necessarily the best quality stuff, it's probably the best proposition out there at the moment. I think if the question you could ask is what value is being added by people importing a. Throwing, maybe even not even throwing a brand on and just putting a bigger markup on it. Like, what utility were they adding?

Nathan Bush: Yeah, exactly. It makes it. You know, we talked about in our main episode around that we've gone through all those phases around having the best product, having the cheapest price, having the most convenience, and now it'll come down to the retailers who can bring all that together and Timu can't do all of that. Number two, which retailer has most inspired you recently?

Jethro Marks: So I think the one that consistently inspires me is Dan Murphy's, which is because their logistics piece is good. It's the kind of product that no matter where I am in the country, when you need it, you need it for whatever reason, you're on a holiday and you're like, ah, crap, when you want some beers or whatever it is. These guys are the most consistent in terms of fast delivery anywhere in the country that I've been over and over again. So I think at the moment they pretty much hands down win.

Nathan Bush: Yeah, that's fantastic experience. They do it en masse, which just blows my mind some of the propositions that they offer. And then you hear other retailers who say there's no way we can do that. But I feel a lot of it comes down to process and what you reward the team on, what behaviors you reward.

Jethro Marks: 100%. I've never been disappointed with those guys, not once. Not to say that I bought from them a lot. That probably says something about me, but the times that I have have been very positive.

Nathan Bush: Fantastic. All right, number three, Name a piece of tech that you or your e commerce business couldn't live without.

Jethro Marks: So I asked the question, I went to my CTO and I said, what piece of tech can we never live with? He said, BigQuery. BigQuery is a Google data warehouse that supports basically everything that we do. So coming back to our, like, we've got millions of SKUs. Big data management is something we do all day long. And it's probably the. That's the central core DNA of the business. And this tool, when it came about, revolutionized everything that we were doing. So anybody looking for a data warehouse, that would be my recommendation.

Nathan Bush: Gotcha. And I could imagine that over the 21 years you've been through a few data warehouses and versions of that.

Jethro Marks: We have. I'm sure we have. I don't, I don't ask too many questions about how we do what we do it, just that it happens. And I was told that this is the thing that's making all the good stuff happen at the moment. So I'm not going to ask you

Nathan Bush: any more questions about it.

Jethro Marks: Then you can. I just don't know what I'm going to tell you. I have to make stuff up, you see.

Nathan Bush: Do you? Banging down your door today. You've got that all wrong. All right, number four. Can you recommend a book or a podcast that our listeners should immediately get into?

Jethro Marks: Yes, so both. A book. I've got one book for anybody in business who's in startup land or whatever, which is the hard thing about hard things. I have a copy here for you. See it?

Nathan Bush: The Horowitz. Love it.

Jethro Marks: Yeah. Ben Horowitz. I think I generally don't like business books because I find them to be far too theoretical, whereas this one is just pure experience sharing. A guy who's got all the scar tissue from all the experiences, has been through it all and just lays it all out. And I think I've given away as many of these copies as I've sold. It's just an amazing book. Maybe we can drop a link to this in the show notes. We can get that sorted.

Nathan Bush: I was amazed reading that because I think I was expecting something totally different in my head. That when I read it, the first half is literally about his business adventures and, you know, the trials and tribulations that he went through. And I'm like, I thought this was going to be like an advice book, and it's not until the last half, but that it starts unfolding into what his takeouts of it are. So, yeah, does a great job there.

Jethro Marks: I think for me, some of the best learnings come from experience shares, is where you get to sit down with the person who's done what they've done and not get told how to do it, but just what they did, what worked, what didn't work. Which is why I love spending time with other retailers and anybody who's engaged in something interesting. Just because you just get this kind of wealth of experience where it's just very, very real. It's not a construct, it's not a textbook. It's just, I did this, this worked, these things went wrong, this stuffed up, I did this, this worked. And so on and so forth.

Nathan Bush: Yeah, yeah. And I've always seen you as someone who's willing to share those experiences, and I bet that you've got a few little ideas in the back of your head around how you pull together those people in a safe setting to do that. Because I think that's so important for everyone to have is those group of people around you who can tell you the no BS version of how stuff went down 100%.

Jethro Marks: Yep.

Nathan Bush: All right. And you said you had a podcast as well. Oh, yeah.

Jethro Marks: So aside from yours, which I guess everybody says one in the US that I like is the Jason and Scott show, which is Jason Goldberg and Scott Wingo, two guys who just have a really. You can get through all the Star wars talks. They seem to talk a bit about that. But if you go through all that, they have an amazing ability to just kind of explain what's going on in the US Market, breaking down what the different players are doing, what's working, what's not. And I think if you've got an international perspective or you want to know more about the US E. Comm space. That's probably the biggest, best place to start.

Nathan Bush: Brilliant tip. I will put a link to that podcast as well in our show notes. Last one I've got for you, Jethro. What is your biggest challenge today?

Jethro Marks: My challenge, which is what we alluded to in the last time we spoke, is all about focus. It's just about focus and execution, which I think I have become over many years, a strong believer in the 1% inspiration, 99% perspiration. Like, it's just about execution. Making sure that we're always very detail oriented. Retail is detailed. There's another poor expression for you. And just making sure that we continue to do this day in, day out, consistently, without fail.

Nathan Bush: There we go. And if you do that, you last at least 21 years in retail,

Jethro Marks: if that's what you want.

Nathan Bush: I love that little caveat.

Jethro Marks: Maybe we need to put that little

Nathan Bush: asterisk aside next to your quote. Jethro, your story is incredible and thank you so much for sharing what you have today. It's definitely the Node BS version that we got from you and we really appreciate it. So thank you for joining us on Add to Car.

Jethro Marks: Thank you so much for having me. Really appreciate it.

[Ad]: If you're keen to learn more about Jethro's journey, head Back to episode 442 where we hear about the Nile's evolution over 21 years.

Nathan Bush: Years.

[Ad]: Most of us can only dream of being in the same business for 21 years. We hear how Jethro scaled the Nile globally and he tells us his plans for the future of the Nile. It's a fresh take on how to outpace change and stay relevant through many business cycles. Thanks for listening and until next time, keep adding to cartoon.

Tagged

  • Operations and Logistics
  • Founder Story
  • Industry Trends and Analysis
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