Marketers look forward to holiday season as much as customers do. The onset of a festive season set the tone right for shopping and customers plan to spend more lavishly than they usually do. Though it is a reason for marketers to beam with excitement, the catch here is, more traffic might not mean more sales. With the modern day online shopping trends, Merchants need to catch up and adopt modern-day marketing strategies and use Social to exploit every chance of making a sale.
That is why, ShopSocially, a leading social, referral and loyalty platform along with Demandware and Avenue, conducted a joint webinar on November 4th 2015 on ‘How to get up to 40% more conversions from your holiday traffic’. The focus of this event was to unveil various strategies that help marketers convert their huge site traffic during holiday season into maximum sales. In this webinar, Kristen St. Peter, Director of Ecommerce at Avenue, a leader in plus-size women’s fashion showcased Avenue’s journey of how, by applying, ShopSocially’sunique and innovative, social and referral solutions on Demandware platform, Avenue fetched11X more ROI.
ShopSocially’s platform helped Avenue® derive the following benefits-
- 1000s of customer referrals in form of viral social posts
- Impressive sales conversion rate of 28.48% for users who connected with Avenue® brand through Facebook Connect
- 11.05X ROI for referral marketing efforts
- 88% high sales conversion rate for referral traffic generated through social sharing of purchases
Read more about this Webinar at http://blog.shopsocially.com/2015/11/04/demandware-webinar-unveils-secret-of-40%-more-conversions-this-holiday-season/
Contact ShopSocially at info@shopsocially.com for more details.
Pre Engineered Building Manufacturers Hyderabad.pptx
Demandware, Avenue and ShopSocially Webinar - How merchants can get up to 40% more conversions from their holiday traffic?
1. Samir Palnitkar
President
@ShopSocially
Presenters:
Kristen St. Peter
Director, E-Commerce
@AvenuePlus
How To Get Upto
40% More Revenue
From Your Holiday Traffic?
Avenue – ShopSocially- Demandware
Unveils The Secret Of
Liz Lynch
Partner Marketing Specialist
@Demandware
1
2. Introductions
Conversion Challenges during holiday season
Marketing strategies adopted by Avenue
Strategies to achieve 40% More Revenue
Questions and Answers
AGENDA
Avenue, ShopSocially and Demandware Webinar
2
3. Demandware Commerce
Demandware’s Total Solution for Commerce
Demandware
services
Demandware
community
• Retail experts to
grow and optimize
your business
• Dedicated account
managers to ensure
your success
• Operational and
technical support
to meet your needs
• Partner and
developer
certifications to
ensure expertise
• Thousands of like-
minded retail
professionals
• Pre-built
integrations to
complementary
technologies
• Community
interaction through
conferences, meet-
ups, roundtables,
etc.
• Online communities
with shared
intellectual assets
Demandware Commerce Cloud
3
4. Demandware Commerce Cloud: Architecture
4
Demandware Commerce Cloud
CORE SERVICES
ROLE-BASED TOOLS INTEGRATION LAYER
CONSUMER INTERACTION POINTS
RETAIL DATA MODEL
PLATFORM OPERATIONS
Multi-tenant Framework Global Release Model Security Disaster Recovery
Customer Order Product Inventory Promotion Interaction Store
Descriptive Analytics Predictive Analytics
Content Management Merchandising & Marketing
Store OperationsOrder ManagementTransaction Management
5. AVENUE
Fashion Exclusively For Plus Size Women
Leader in the plus-size fashion industry
Committed to offering trend-right, quality products for every season
Focused on fit and comfort
Besides the online e-commerce store, Avenue has approximately 300 offline
stores in market
Avenue is leveraging ShopSocially apps on Demandware Platform
5
6. SHOPSOCIALLY
Premium Social, Referral and Loyalty Platform
Unified, Enterprise grade, SaaS based marketing platform
Offers Social, Referral and Loyalty Solutions
500+ Global Customers : Both B-to-C and B-to-B
Verticals: Retail, travel, services, entertainment, events, hospitality, auto, finance etc.
Integrated with Demandware platform: single cartridge available for all solutions
OUR CUSTOMERS
6
7. Conversion Challenges During Holiday Season
Low Quality Traffic- Attracting Window shoppers
Less Social Proof: Purchase experiences not shared
Low Customer Retention - Clutter of deals confusing buyers
Ineffective Email Campaigns: Users’ inbox swamped
7
8. Sales Issues You are Facing
CUSTOMER
ACQUISITION
CONVERSION
RATES
CUSTOMER
LOYALTY
How Do You Solve Them?
8
9. How Do You Solve These Issues?
CUSTOMER
ACQUISITION
CONVERSION
RATES
CUSTOMER
LOYALTY
Avenue - ShopSocially- Demandware Are Opening
Here The Box Of Unique Solutions For You
9
10. ShopSocially Platform – For Up to 40% More
Conversions
FULLY MANAGED SERVICES
Design | Integration | Best Practices | Management & Optimization | Monitoring & Reporting
BUILT-IN FEATURES
SOLUTIONS
SYSTEM INTEGRATIONS
APIs | Unified User Profile | CRM, ESP, POS Data Connectors
ACQUISITION
A/B TESTING PERSONALIZATION AUTO
SCHEDULING
DETAILED
REPORTING
MOBILE
FRIENDLY
Referral Program
Social Gamification
Viral Email Acquisition
Social Login
Visual Commerce
Customer Q & A
Product Stories
CONVERSION
Customer Loyalty
LOYALTY
Shop with Friends
10
12. New-Age Viral Email Acquisition – powered by social media!
Users Never leave the site so conversion rates are higher
Acquire genuine email address and rich user profile data
Built in virality that drives high quality referral traffic to the site
30%30%
Boost in email
acquisition rate
AVENUE’S STRATEGY 1AVENUE’S STRATEGY 1
SOCIAL CONNECT (VIRAL EMAILSOCIAL CONNECT (VIRAL EMAIL
ACQUISITION)ACQUISITION)
12
16. Referral post is created on Facebook
Each social post drives quality referral traffic to the site
SOCIAL CONNECT TO GET BRAND ENDORSEMENTS
16
17. AVENUE’S STRATEGY 2AVENUE’S STRATEGY 2
SHARE-A-PURCHASESHARE-A-PURCHASE
Convert up to 10% of your shoppers into brand ambassadors
Get up to 5 referral clicks for every share
Acquire new customers via referrals
Increase repeat purchases by 26%
Create real time social buzz
17
20. Each socially shared purchase generates a viral post, bringing in quality referral
traffic to the site
Colorblocked Print Tunic
Check out our latest
Winter Collection
SHARE-A-PURCHASE TO TURN CUSTOMERS
INTO BRAND AMBASSADORS
20
21. RESULTS
Increase in customer engagement and brand endorsement
1000s
Of valuable customer referrals
posts on social media
28.48%
Conversion rate of users interacting
through social connect
11.05X ROI for referral marketing efforts
14.88%
Sales conversion rate for referral traffic
generated through social sharing of purchases
Uplift in SEO Rank through social sharing and back links
21
25. 84% of consumers say they trust
recommendations from family and friends
about products.
-Neilsen
People are 4X more likely to
buy when referred by a friend
-Neilsen
REFERRALS ARE THE MOST EFFECTIVE ACQUISITION CHANNEL
76% of consumers recommended
companies they trust to a friend or colleague
- Edelman
25
28. Enable users to login via their social accounts
40% of new registrations prefer Social Login
92% users simply abandon the cart when they can’t remember their pwd!
Increase customer registrations by 33% & conversion rate by 5%
SOCIAL LOGIN
28
29. Convert Selfies into Sales!
UGC photo aggregation via Facebook, Instagram, Twitter
Powerful & authentic visual testimonials
15%+ increase in user engagement
VISUAL COMMERCE:
GALLERY
29
30. Leverage the passion & knowledge of your customers
Authentic UGC for SEO boost and higher conversion
Gain insights into customer decision process
Increase engagement & conversion by up to 26%
CUSTOMER Q
& A
30
32. THE VALUE OF
RETENTION
5% increase in customer
retention can increase a
company’s profitability by
75%
Keeping
current
customers
Attracting
new
customers
cost
-
Attracting new customers
will cost your business 5
times more than keeping
an existing customer.
-
Future Customers
Current Customers
Revenue
80% of your company’s
future revenue will
come from just 20% of
your existing customers
-
Customer
retention
Profit
5%
70%
1X
5X
80%
20%
32
33. 360 degree loyalty platform: ability to reward users for any desirable interaction
Increase life time value of customers by up to 5X
Increase in word-of-mouth referrals, reviews etc.
Up to 26% uplift in repeat purchases33
37. Sign Up for ShopSocially’s services by
Nov 30th
and we will waive
the one-time setup fee (up to $3,000)
Use code: SSAVENUE while signing up.
SPECIAL OFFER FOR TODAY’S ATTENDEES
Thank You
Happy Holidays!
http://shopsocially.com
info@shopsocially.com
+1 650 701 7759
37