Archive for October, 2011

Tips to Increase your Online Sales During the Holiday Season

Thursday, October 27th, 2011

The holiday spirit has kickstarted already.  Agreed that there are still two months to go until Christmas, but the winter chill and the endless discussions about oncoming holidays are starting to grow.

The holiday season also means you need to perform a job loved (or hated, depending on which side of fence you reside) by many: researching and purchasing gifts.

In earlier days, options for gifts were limited to 10 or 20 odd items available at your next-door mom-and-pop shop. But these days, thanks to the hyper-connected world, you can find most exotic gifts online: from instant underpants to an inflatable 6-foot alien.

The holiday season is the most important period for e-commerce websites. Last year, it was estimated that consumers spent about $38 billion online during the holiday season alone, which is about 24% of total online sales generated in 2010.

In other words, about a quarter of total yearly sales online is generated during just two months: November and December. Clearly, the holiday season is what defines most of the e-commerce companies.

A/B Testing & Conversion Rate Optimization During Holiday Season

E-commerce customers that I work with can be clearly segmented into two buckets: one who stops A/B testing completely in order to focus on holidays, the other who goes into hyper-excited mode and tries out a lot of ideas (using A/B testing) because s/he wants to make most out of holidays.

My personal preference is to always keep testing new ideas and strategies even during the holiday season because trends change from year to year and what may have worked in 2010 may not necessarily work in 2011. Hence, the importance of testing and experimentation.

Let’s talk about five tips that you can test this holiday season to boost your online sales:

1.  Mobile website/app

Clearly, one of the most important shifts recently has been in mobile space. More and more consumers are purchasing gifts using their iPhones, iPads and Droids. If you don’t have a mobile-friendly website, go find an agency right now that can quickly make one for you.

If you are feeling adventurous, you can also develop your own little app/game this holiday season. Your e-commerce store should be seen where most eyeballs are, and these days they are hooked on mobiles.

2.  Split test a holiday-themed website

If you usually don’t change the look and feel of your website, try making an alternative holiday-themed website (with all bells and whistles, literally). And, if you have completely switched to a holiday theme, try split testing it against your usual website. Maybe your visitors are bored of that holiday look?

The point I’m trying to make here is that without split testing different themes on your website, you will never know which one makes your customers purchase more!

3.  A/B test different offers: free shipping, discounts, special packing, etc.

There are hundreds of special offers/promotions you can run during the holidays. Of course, the big question is which one to actually run on your website? Well, why don’t you A/B test different offers? One of our customers found out that a next-day shipping offer outperformed a $5 discount offer or a free shipping offer, and ultimately increased sales by 41%.

4.  Change default call to actions

Usually your button says “Add to cart” or “Buy now,” why don’t you A/B test them against “Gift Now” or even something unusual such as “Add to your Santa list.” Visitors are usually in an upbeat mood during the holidays, and a little creativity will go a long way in amusing them (and hence making them buy more).

5.  Segment and personalize

If you kept track of what a particular visitor bought last year, you can use that information to personalize and recommend new items this time. This may be little difficult if you don’t have a personalization platform already running on your website, but doing simple segmentation and targeting should be easy (using an off-the-shelf tool or in-house coding).

Try showing different items on the homepage depending on whether the visitor uses MacOS or Windows, visits during work or in the evening, arrives from Facebook or a search engine. Other numerous variables can help you do first level of personalization quite easily, thereby increasing your conversions and sales.

This holiday season, I hope you try these ideas on your website and pleasantly see your sales break all previous records.

 

BrandXads, Inc: providing social marketing solutions for today’s marketer.
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Online Coupon Use Rises

Tuesday, October 25th, 2011
by MC Marketing Charts

forrester-frequency-of-coupon-use-oct11.gifThe usage of online coupons by US consumers is increasing, according to [pdf] a survey from Forrester Research. Results from “The Impact of Online Coupons and Promotion Codes” indicate 66% of consumers will use online coupons for at least 25% of their purchases in the next 12 months, a 20% increase from 55% who used online coupons for at least 25% of their purchases in the last 12 months.

This includes a 19% jump in consumers who will use online coupons for 25-50% of their purchases in the next 12 months (26% to 31%) and a 21% increase in consumers who will use online coupons for 50% or more of their purchases in the next 12 months (29% to 35%).
Among respondents with children, there is particularly strong 43%growth in plans to use online coupons for 50% or more of purchases in the next 12 months (28% to 40%). This increase drives a 30% overall increase in plans to use online coupons for 25% or more purchases in the next 12 months (56% to 73%).

 BrandXads, Inc: providing social marketing solutions for today’s marketer.
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Walmart Launches new “Local” Facebook App

Wednesday, October 19th, 2011

By Jack Neff

Walmart is launching a Facebook app that customizes marketing for each of its nearly 3,600 U.S. stores, allowing tailored communications about local deals, events or limited-distribution products.

Eventually, Walmart also hopes to use the My Local Walmart app to grow its site-to-store e-commerce program and evolve it into an individualized marketing program, said Stephen Quinn, chief marketing officer for Walmart U.S., in a telephone press conference.

But for now, the focus is “to allow us to make our stores relevant locally at scale,” he said.

He declined to disclose financial considerations or exactly how Walmart will promote the app, but he said it would likely draw on the giant retailer’s traditional media mix, including in stores. He also said the partnership includes an unspecified amount of advertising with Facebook.

The deal brings together two of the biggest institutions in U.S. marketing — Walmart, which gets about 150 million shoppers monthly, and Facebook, with 165 million U.S. users.

The overlap is huge, but it’s centered on Walmart’s 9.4 million Facebook fans. So, at least for now, Mr. Quinn doesn’t foresee the app displacing circulars it distributes via newspapers or direct mail or the local radio advertising it does around such events as Halloween.

“Over time, I guess if it became a really huge scale effort, it might have that impact,” Mr. Quinn said. “But right now it’s not really impacting us in that way, because it’s really an extension of what we ought to be doing anyway, which is paying attention to what customers want.”

One reason Walmart wanted to get the app out before the holidays, Mr. Quinn said, is that it lets users download maps of their local stores to their smartphones to find Black Friday-discounted merchandise in the store.

Much of the information directed at local store shoppers will be based on data analysis by marketers and merchants at the retailer’s Bentonville, Ark., headquarters, he said, but there will also be “a local override” that lets store managers customize content.

But the app will also allow Walmart to tailor marketing based on local weather events or such things as Nascar races and fishing tournaments, Mr. Quinn said. At least initially, such communications will come only about twice a week to avoid “bombarding” customers, he added.

“The unique thing here is that Walmart has taken it to another level,” said Carolyn Everson, VP-global marketing solutions for Facebook. “They’re not just having a local tab on their fan page where people can find their nearest retailer by putting in a ZIP code. There’s actually going to be fundamentally different business being done and a different relationship at the local level because of being able to launch new products at the local level” or offering localized news about savings and events.

My Local Walmart won’t permit what Ms. Everson called “frictionless open-graph sharing” of what people are shopping for or buying, a la Spotify data on who’s listening to what that goes out over Facebook’s new ticker. But Walmart does hope the app generates more “likes” of products to increase the viral effect of its fan base.

The announcement comes as Walmart Stores prepares for its annual analyst meeting Oct. 12 and the retailer seeks to end a series of nine straight quarters of declining same-store sales. But it stops short of what some Walmart watchers and analysts have openly called for — a direct answer to the increasingly sophisticated database-driven shopper loyalty programs of many competitors.

“It will be very personalized” eventually, Mr. Quinn said of My Local Walmart. “Right now we’re just focused on making it a very localized experience.

“Our customers have been asking for this,” he said, adding that “loud and clear” Facebook feedback the past two years was among factors that recently led the retailer to reinstate layaway.

 

BrandXads, Inc: providing social marketing solutions for today’s marketer.
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Twitter: Growing in Leaps and Bounds

Tuesday, October 18th, 2011

 

by Ben Parr

Twitter CEO Dick Costolo shared some interesting stats about Twitter’s growth, including that it has more than 100 million active users and that signups via iOS device have tripled since the launch of iOS 5

Twitter has been on a roll in recent months. The company surpassed 200 million tweets per day in June but has since jumped to nearly 250 million daily tweets. The growth has been tremendous: Twitter had around 100 million tweets per day in January 2011.

Costolo shared these stats during an interview at the Web 2.0 Summit in San Francisco.

Of those 100 million global active users, half of them log in daily. “We had 30% of our monthly active users login in every day at the beginning of the year. Now it’s over 50%,” Costolo revealed.

The company’s growth amounts to about 40% quarter on quarter. But perhaps the most interesting stat is the impact of iOS 5 on Twitter. Apple’s mobile OS directly integrates Twitter, and that has resulted in a boost for the company. Costolo revealed that Twitter signups via iOS 5 devices have tripled since the launch of that iOS update.

 

BrandXads, Inc: providing social marketing solutions for today’s marketer.
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Social Media Marketing is Rapidly Maturing

Wednesday, October 12th, 2011

by Tom Huxtable

Whilst some naysayers still argue over whether marketing to consumers in the social media space can only be detrimental to a brand; the smart marketers are already forging ahead. The switched-on brands are embracing the opportunity that social media presents whilst the left-behind brands are still trying to make up their minds as to whether they should even be in this space. Given the 1bn+ people globally who are active in social media, it’s not difficult to figure out which brands are losing out.

The irony of the position the ‘left-behind’ brands are putting themselves in is that social media marketing is rapidly maturing. No longer the relative baby of the marketing mix, it is growing in maturity, learning to walk and soon to run. It may well still have some vestiges of an awkward teenager, a little bit gawky, and sometimes a bit temperamental but given that a few years ago, it was a newborn: social media marketing is growing up fast.

Curiously, for a media that is supposedly all about ‘brand’ the emerging driver behind this growth is more scientific. Data, and the abundance of it is the key driver behind social media marketing growing up.  Social media marketing learnt to crawl the day ‘likes’ were set as a KPI, walk when we learnt to track fan behaviour and run when we learnt to evaluate how fans were helping campaigns reach their friends. It finally grew up when we learnt how to use this data to deliver business objectives through social media marketing in a world where marketing and commerce is increasingly becoming democratized. The best marketers have learnt how to harness consumer power and friend-to-friend influence to drive campaign success. The conversation has moved on from pure ‘brand engagement’ to monetizing a brands’ investment. Converting fans to customers.

 

BrandXads, Inc: providing social marketing solutions for today’s marketer.
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Social Media: A Rich Fishing Ground for Retail Marketers

Tuesday, October 11th, 2011

Play.com gets a 5x lift in Facebook referred revenue

by engagesciences
The UK’s second largest online retailer has doubled it’s fan base on Facebook as well as achieving an increase in average order values of over 50% on sales on Facebook over the same sales on their web storefront. They have also seen a 5x increase in revenue referred from Facebook on their website. Play.com achieved this through taking social media marketing in house and deploying the Fan Relationship Marketing Platform from EngageSciences to help them drive results. Play.com followed a number of simple steps to drive social commerce success:

 

Step 1: Build a fan base

Social commerce requires a large, engaged audience in order to drive commercial success. Play.com have been launching a series of competitions and sweepstakes promoting products they are selling such as Lady Gaga’s new album, the Harry Potter film and the Cars movie. They involved the studios such as Disney and Universal in these social promotions and were able to cross promote onto relevant UK partner pages. Each promotion utilized social features such as auto-share prompt on Facebook and refer a friend incentives.

 

Step 2: Manage the conversation

Play.com wanted to increase engagement on Facebook and started to plan regular scheduled messages about their promotions but also about fun stuff connected with the genres of products they sell, such as movies and music. They have seen a big uptick in the engagement levels on Facebook partly because Facebook ranks all company posts (via the EdgeRank algorithm) and the regular sending out of links and images for their competitions which achieve high engagement levels, meant that Play.com was receiving a high Edgerank and therefore posts from Play.com were getting a high priority in the newsfeed of fans. This added with the fact that Play.com has adopted a conversational style to their posts which is both engaging and entertaining has meant that their fan base engagement levels continue to grow. In all there has been a 3x increase across key fan engagement metrics since implementing EngageSciences a few months ago.

 

Step 3: Monetize their fans

Launching an Offers Tab and Help Tab has given Play.com a hub for their social commerce. However because they adopted to use a campaign centric platform rather than a historical page building tool, everything that get’s deployed onto their Offers Tab is promoted like a campaign which drives the traffic and results. This makes it easy to launch bulk short term sales via Facebook, or flash deals or coupons, with all of the promotional and viral incentives embedded in the campaign to drive revenue. Play.com have achieved a 50% increase in average order values (AOV) via sales on social channels over the current AOV on the web storefront. Additionally Play.com have had a 5x increase in revenue on their web storefront referred from Facebook.

 

 

 

Step 4: Build the social marketing database

With a good throughput of promotions, deals and offers Play.com are building a detailed picture of the fans that interact with their campaigns on social channels. They are building a new customer database of socially discovered and engaged consumers, where they have collected email optins so can start to drive cross channel campaigns. However more than this they know not just what campaigns and promotions an individual fan has interacted with, but also the amount of shares and invites they have driven out to THEIR friends, making it possible to calculate the actual success that fan has had at getting play.com marketing content in front of their friends. This opens up a whole new set of possibilities for how Play.com will interact and reward loyalty amongst its new social customer base.

 

BrandXads, Inc: providing social marketing solutions for today’s marketer.
For more insight from BrandXads, FOLLOW us on Twitter, LIKE us on Facebook , or go to www.brandxads.com.

“Share a Coke” Social Media Campaign Launches

Thursday, October 6th, 2011

‘Share A Coke’ Social Media Campaign Calls to Friends by First Name (Video)

By Rick Mathieson

What better way to spread happiness than to ‘Share a Coke” with Kate, Brian, George, Matty and so on.

Coca-Cola Australia is amping up a campaign that finds 150 common names featured on Coke cans so you can share a drink with your friends by name. It’s the first time the name on a Coke can has ever been changed.

This summer (yes, Australia is just kicking off its summer season), you can share a virtual Coke on Facebook for the chance to win $50,000 to share with friends. You can share your photos for possible use in new TV commercials. And soon, you can create your own friend-oriented Coke commercials via YouTube.

“We are using the power of the first name in a playful and social way to remind people of those in their lives they may have lost touch with or have yet to connect with,” says Coca-Cola South Pacific marketing director Lucie Austin, as reported by The Australian, via BrandChannel. “It is all about connecting people, mainly in the real world, but also digitally as well.”

Overall, this seems like an exceptionally strong social media-driven campaign.

 

BrandXads, Inc: providing social marketing solutions for today’s marketer.
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Consumers “Like” a Brand for Discounts/ Exclusive Content

Monday, October 3rd, 2011

Facebook ‘Likers’ Expect Access, Discounts

exacttarget-consumer-expectations-for-brand-liking-sept11.gifMore than six in 10 (63%) Facebook users who “like” a brand or product on Facebook expect something in return,  according to a September 2011 study from ExactTarget. Results from “The Meaning of Like” indicate that a leading 58% of Facebook likers expect both access to exclusive content, events or sales, and discounts or promotions through Facebook.

 

BrandXads, Inc: providing social marketing solutions for today’s marketer.
For more insight from BrandXads, FOLLOW us on Twitter, LIKE us on Facebook , or go to www.brandxads.com.