The Canadian Multichannel Shopper
Upcoming SlideShare
Loading in...5
×
 

The Canadian Multichannel Shopper

on

  • 712 views

Smart phones and tablets have experienced significant growth in the last few years. Today, 1/3 of Canadians own smart phones, of which 40% have used their smart phones somewhere in the shopping ...

Smart phones and tablets have experienced significant growth in the last few years. Today, 1/3 of Canadians own smart phones, of which 40% have used their smart phones somewhere in the shopping process (source: AskingCanadiansTM, December 2010). In fact, several credible sources project 2013 to be the tipping point where research and purchase activity on mobile devices will exceed that of desktops and laptops. Consumers shopping behaviour and expectations are shifting.

Statistics

Views

Total Views
712
Views on SlideShare
712
Embed Views
0

Actions

Likes
0
Downloads
23
Comments
0

0 Embeds 0

No embeds

Accessibility

Categories

Upload Details

Uploaded via as Adobe PDF

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

The Canadian Multichannel Shopper The Canadian Multichannel Shopper Presentation Transcript

  • The Canadian Multichannel ShopperSponsored by: Presented by: Steve Bielawski Rosalina Lin-Allen eCommerce Practice Director Director, Client Strategy Tenzing Delvinia www.tenzing.com www.delvinia.com
  • Webinar Agenda • Introduction – Steve Bielawski, Tenzing • The Canadian Multichannel Shopper - Rosalina Lin-Allen, Delvinia • Q&A If you have questions during the webinar, please input them in the Q&A panel on the right side of your screen and we will address them at the end of the presentation.
  • About TenzingCompany • Privately owned, Founded: 1998 Tenzing Data Centers • Fully Managed IT Service Provider Disaster Recovery Production Environment Environment • 3 Customer service centers: BC, ON, India • 3 Datacenters: Toronto, Kelowna, Vancouver • Profit 200 Ranking – 6 years in a row • 80 employees (60 in operations) APAC EMEAProvide Managed Services For • Ecommerce Platforms • SaaS Applications • Web & Enterprise Applications
  • Ecommerce Managed Services Experience Multiple Ecommerce Implementations • Apply the right delivery strategy – Reduce time, effort and risk • Collaborate: Ecommerce Systems Integrators • Manage all infrastructure components • Manage Ecommerce platform environments – Seasonal & Peak Load Management – Scalability
  • Ecommerce Managed Services We Host & Manage All Of This So You Can Manage & Grow This
  • Tenzing Partial Client List Ecommerce Software as a Service Enterprise Web
  • Business Digital Strategy & Customer Experience Design Firm. End Consumers Delvinia370 King Street West, 5th Floor, Box 4Toronto, OntarioM5V 1J9
  • 370 King Street West, 5th Floor, Box 4Toronto, OntarioM5V 1J9
  • Searched trusted sites Visit store Product ratings & reviews What it takes to install a shed Talk to friends & family Buy Online ONLINE OFFLINE370 King Street West, 5th Floor, Box 4Toronto, OntarioM5V 1J9
  • What is a Multi-Channel Shopper?Definition• Shop across different channels “ Retail customers who shop across multiple channels tend to spend 2-4 times moreCharacteristics• More sophisticated & educated consumers than single channel shoppers. ” Peppers & Rogers Group• Wants CHOICE• More demanding• More loyal & more profitable “ Multi-channel shoppers spend 50% moreExpectations than a single channel shopper• Channel agnostic – see the retailer as a unit and expect – and are typically the highest the experience across channels to be consistent and integrated value customers. ” McKinsey Marketing Solutions370 King Street West, 5th Floor, Box 4Toronto, OntarioM5V 1J9
  • Heighten Importance for Multichannel Integration• More skeptical about corporations and their “ Multichannel integration is no. 2 on the Top 100 Retail messaging Movers & Shakers list• More scrutiny and active researching on compared to no. 54 in 2009. ” 2011 Top 100, RetailCustomerExperience.com their purchases• More aggregator sites available (e.g. Red Flag Deals) “ Multi-channel integration will be a strategic priority over the• More reliance on peers next 5 years.• Addition of channels that supports impulse Walmart Executives ” shopping (e.g. mobile, tablets)370 King Street West, 5th Floor, Box 4Toronto, OntarioM5V 1J9
  • How Do Multi-Channel Shoppers Behave? Digital dominates pre-purchase research Brick-and-mortar dominates purchase • 60% of Canadian shoppers say their choice of retailer is influenced by their ability to conduct pre- purchase research online • At least half of all shoppers report the Internet as their preferred pre-purchase research channel370 King Street West, 5th Floor, Box 4Toronto, OntarioM5V 1J9
  • What do multi-channel shoppers care about?VALUE is top of mind• 85% of consumers research price online370 King Street West, 5th Floor, Box 4Toronto, OntarioM5V 1J9
  • What do multi-channel shoppers care about? VALIDATE their decision • 65% Canadians look for customer ratings & reviews • 48% look for expert opinions & recommendations370 King Street West, 5th Floor, Box 4Toronto, OntarioM5V 1J9
  • What do multi-channel shoppers care about?LOCATE product• 50% look for product availability• One of the most dissatisfying channel to complete this transactional task370 King Street West, 5th Floor, Box 4Toronto, OntarioM5V 1J9
  • What features do they use? When you shop on a retail website, how important is each of the following features?370 King Street West, 5th Floor, Box 4 Source: AskingCanadians Dec 2010, n=500Toronto, OntarioM5V 1J9
  • What is the approach to meetthe needs of multi-channel shoppers?370 King Street West, 5th Floor, Box 4Toronto, OntarioM5V 1J9
  • Approach • Accessibility to store • Comfort with technology P eople • • Time available Value social experience • Decision Cycle Objectives • What is the nature of your product/channel? • What are you trying to accomplish? S trategy Define how to get your target audience to do what the business wants them to do. T actics Tactics & technology to realize the strategy370 King Street West, 5th Floor, Box 4Toronto, OntarioM5V 1J9
  • People & Objectives Most useful channel for pre-purchase information gathering on a specific product by category: Persona Development Source: AskingCanadians Dec 2010, n=500370 King Street West, 5th Floor, Box 4Toronto, OntarioM5V 1J9
  • Strategy Support & Research Purchase Community370 King Street West, 5th Floor, Box 4Toronto, OntarioM5V 1J9
  • Tactics Perceived Risk • Storytelling • Store/agent Locator • Facility to multiple visits Example: car, travel Example: degree • Decision Making Tools (e.g. product recommender, calculators) • Click-to-Call • Zoom/Rotate Product • Inventory Lookup • Scenario Comparison • Peer Ratings & Reviews • Robust Search Engine • FAQ Example: Example: books & music smart phone /plan Complexity370 King Street West, 5th Floor, Box 4Toronto, OntarioM5V 1J9
  • Low Complexity & Low Perceived Risk Pick up at store Numerous retailers reported success in up-selling when customer come into the store. Robust search engine through faceted search370 King Street West, 5th Floor, Box 4Toronto, OntarioM5V 1J9
  • Low Complexity & High Perceived Risk Decision Making Tool Facility for multiple visits370 King Street West, 5th Floor, Box 4Toronto, OntarioM5V 1J9
  • High Complexity & Low Perceived Risk Cel phone/plan are complex in the sense that you have to determine several things: • Telecom you prefer/trust Compare options, line item by line item • Usage needs • Minutes, time of call • Internet needs • Phone features370 King Street West, 5th Floor, Box 4Toronto, OntarioM5V 1J9
  • High Complexity & High Perceived Risk Push prospects to speak to Ivey and to their experiential events Decision making tools Story telling through interactive elements and videos370 King Street West, 5th Floor, Box 4Toronto, OntarioM5V 1J9
  • In sum … P eople Start by understanding your customers & clearly defining your business objectives Objectives •Offer consistency across your channels •Many Canadian retailers are not meeting the expectations of S trategy multichannel shoppers. There’s an opportunity to stand out by doing it right. •Mobile (impulse) channels to take into consideration T actics including smart phone, touch pad370 King Street West, 5th Floor, Box 4Toronto, OntarioM5V 1J9
  • In sum … People + Objectives Tactics Strategy370 King Street West, 5th Floor, Box 4Toronto, OntarioM5V 1J9
  • Up Next 40% 65% of Canadian smartphone owners of Canadians look for consumer have used their phone in the reviews and recommendations process of shopping. when researching products online. Join us for the Join us for the Mobile Shopper Webinar Social Shopper Webinar 2PM, Wednesday, October 26, 2011 2PM, Wednesday, November 30, 2011370 King Street West, 5th Floor, Box 4Toronto, OntarioM5V 1J9
  • The Canadian Multichannel Shopper Sponsored by: Presented by: Steve Bielawski Rosalina Lin-Allen eCommerce Practice Director Director, Client Strategy Tel. 877-767-5577 x436 Tel.416-364-1455 X271 Email. steve.bielawski@tenzing.com Email. rlinallen@delvinia.com Tenzing Delvinia370 King Street West, 5thToronto, Ontario www.tenzing.com Floor, Box 4 www.delvinia.comM5V 1J9