Your SlideShare is downloading. ×
Daily dealbuilder training
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

Daily dealbuilder training

153
views

Published on

Get a merchant to offer a discount on their product or service and proceed to market that discount to their audience for a set period of time or until the offer sells out. The primary sales and …

Get a merchant to offer a discount on their product or service and proceed to market that discount to their audience for a set period of time or until the offer sells out. The primary sales and persuasion triggers that daily deal and coupon websites typically use is urgency, scarcity, and convenience.

Published in: Technology

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
153
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
7
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. Daily Deal BuilderMembers Training Webinar November 30th, 2012 Your presenters, Marc Horne & Tyler Horne
  • 2. We are going over• Daily Dealing Abroad• Raising All Conversion Rates• Strategic Partnerships
  • 3. Daily Dealing Abroad
  • 4. The Primary differences to take into account when running a deal site outside the USA:Commission Based Workforces – The rest of the world does not tip in the same way that the USA tips. Daily deals often depend on servers to generate wages from their tips.Turnover Rate – Folks often stay longer in restaurants in Paris, Amsterdam, & other parts of world. Dinner often times IS the nights activity.Local laws & Regulations – Due proper due diligence on local laws relating to coupons, expiration dates, eCommerce, etc.Language Barriers – Do you want to market to tourists?Upsells & Strategic partnerships – Trip Advisor, tourism companies? Who complements what you are doing?
  • 5. Online sales numbers are crushing all past results and NOW is the time to lock indeals, put up offers, drive traffic, and grow.Cyber Monday saw a 30% growth in online sales over Cyber Monday in 2011.More than 18 percent of consumers used a mobile device to visit a retailer’s site, an increase of more than 70 percent over 2011.IBM also found that online sales on Thanksgiving grew by 17.4 percent followed by Black Friday where sales increased 20.7 percent over last year.
  • 6. Get More Sales• Carefully craft your headlines and offer copy. Use high quality and engaging images, & video…• Adjust price points.• Repeat campaigns: Set yourself up to run multiple deals with a merchant you lock in. Study previous deal and maximize effectiveness.• Model what works , but stand apart.
  • 7. Raising Merchant Conversion Rates • Be different. Be innovative. Lock in Deals. It doesn’t have be a typical daily deal scenario (any type of deal, i.e. photography, videography, email management, website creation, marketing help, etc ). • Separate yourself from your competition and the major players. Businesses are much more aware of how Groupon works than they used to be. They are also aware of the risks associated with running a deal, most notably the possibility to lose money. • Use this component to your advantage. You are not Groupon. You are not Living Social. Don’t try to be. Use your smaller than 100 million person user base to your advantage. Use your flexibility to your advantage. Tweak your “rates,” make it work for the business. • Put primary energy into making the merchants happy.
  • 8. Always work to use concrete statistics and data to push your case. • 80% who purchase daily deals are new customers (Rice) • 40% average upsell or "lift" (Forbes) • 65% of new customers return to the business (Lightspeed Research) • 77% of businesses will offer more than 1 daily deal (Merchant Circle) • More than 20% never gets redeemed (Rice)
  • 9. Your Pamphlet
  • 10. Primary Benefits enjoyed by Merchants who use Daily Deals• 1. Influx of new Customers• 2. Increased Brand Awareness• 3. Ability to break into newer markets• 4. Quick Cash Inflows• 5. Ability to increase revenues in slower periods
  • 11. Primary Benefits enjoyed by Merchants who use Daily Deals• 6. Upsell Opportunities• 7. Cheap advertising solution/ Low customer acquisition costs• 8. Keeps business looking busy• 9. Social media buzz• 10. Word of Mouth advertising from Deal Users
  • 12. Capitalize on the benefits and work to remove & overcome the complaints…
  • 13. Primary complaints from Merchants who use Daily Deals• 1. Low Customer Loyalty• 2. Deal-Hungry Customers• 3. Brand Devaluation• 4. Low Margins/Large Commission Structure• 5. Negative Online Reviews
  • 14. Primary complaints from Merchants who use Daily Deals• 6. Pushy Daily Deal Site Salespeople• 7. Unmanageable Influx of Customers• 8. Inability to capture customer information• 9. Cannibalization of existing customer base• 10. Difficulty in tracking loyalty of deal-users
  • 15. Help businesses overcome low customer loyalty…• Thank the customer for their purchase and congratulate them.• They were excited when they bought the deal and oftentimes, folks will get buyer’s remorse; so it’s important to keep them excited and thankful that they ordered. When the new customer leaves the business, ask to see them again soon and give them incentives to come back. Send them off with a “we want to see you again” pamphlet.
  • 16. Help businesses overcome low customer loyalty…• Gather feedback and testimonials as early as possible.• When someone publically states that they are pleased with a business, they are much more likely to internalize this feeling and stand behind the business at all costs. Encourage and most importantly incentivize new customers to provide a review so that you can continually better your business.
  • 17. Help businesses overcome low customer loyalty…• Provide an excellent product and service.• This is the most important factor. The number one reason why people become a repeat customer is because their expectations were exceeded and they were treated with respect, courtesy, and honesty.• Serving someone who only paid 50% of your normal cost oftentimes can feel like you are getting ripped off and make you subconsciously not deliver as well as you normally would. The exact opposite needs to happen. Blow expectations out of the water. Go out of the way to make that new customer feel special. Ensure service is delivered at peak performance.
  • 18. Help businesses overcome low customer loyalty…• Offer upsells and one-time offers that make sense.• I always like to discuss GoDaddy, the domain registrar, when speaking about upsells. You visit GoDaddy to buy a domain name and expect to pay around $10. Before all is said and done, GoDaddy has offered you over $1200 of additional services to add to your order. The important component is that each of the upsells that they offer actually makes sense. What additional products or services would make sense for your business to upsell a customer? After buying a hotel stay, it would make sense to be upsold various activities to do surrounding the hotel, transportation, or an upgraded room. The easier you can make the upsell process, and the more complimentary the upsell is, the more likely folks will buy your upsell.
  • 19. Help businesses overcome low customer loyalty…• Follow up with the new customer.• Communicate with your new customers. Be real with them. Provide updates, coupons, announcements, and always work to reinforce value and a reason to re-visit your business and bring friends with them. Whenever communicating with a customer, offer something extra. Don’t miss opportunities to remind people what’s new and good about your business. Following up properly means that you need to develop a customer database and use it often. Follow up via multiple channels such as email, Facebook, text messages, Twitter, LinkedIn, Pinterest, etc.
  • 20. Help businesses overcome low customer loyalty…• Paint a picture of future purchases.• Let your customers visualize what new purchases with your company will be like. Remind them how much they enjoyed buying from you initially and ask for them to purchase again. When you help a customer relive their initial experience through pictures and videos, it compels them to want to experience it again.
  • 21. Help businesses overcome low customer loyalty…• Develop customer reward programs.• Offering promotions that are only available to previous customers can help grow and nurture loyalty and get those folks back in your door. You can offer this via direct mail postcards, letters and phone calls, and many online channels.
  • 22. Help businesses overcome low customer loyalty…• Stand behind your business.• Offering guarantees on your products and services forces you to always strive to provide the most value and the best service. The best way to capture a customer for life is to offer a refund when needed. Product guarantees should be at the forefront of customer support programs. Offering quality customer service and support goes directly with this.
  • 23. Common Merchant Related Questions • Have your merchant materials always ready to give away. Business cards, coozies, pamphlets, mission statement, guerilla marketing, etc. • Current percentages being charged to the merchants are often times hurting the merchants. BE flexible. Strive to please your merchants. • Investigate local laws and standard local rates to find out typical pay scale & / or commission for sales reps. • Assemble Your "Street Teams“ and have them hit the ground running.
  • 24. Once you are in the door…• Get Contracts signed.• Negotiate price points. Typically, businesses offer 50%-90% off a product or service on a daily deal. Please get creative.• Coupon redemption. Have merchant print out voucher numbers and empower employees to mark coupons as redeemed – either online or just physical paper.• Merchant follow up. Help merchant come up with a great plan to squeeze visitors email addresses and work up a great follow up plan to get them back in the door. (2nd tier potential)• Request deliverables. High quality picture(s) of product or service, original price points, and fine details that will help you formulate the best copy for the merchant.
  • 25. Strategic Partners• Find 3 strategic partners who have a list built up of your target market. • Search for folks successfully using an optin form with your keyword credentials (search engines, LinkedIn, Facebook, Forums) • You can also potentially work out blast or advertising arrangement with merchants on your potential partner list. • Looking for an email blast / blog post / advertising arrangement with them. • Affiliate percentage / future ad space / future email blast / what can you do for them in exchange?
  • 26. Strategic Partnerships• The possibilities are endless…
  • 27. Search Engine Optimization & Traffic • Guest contributing to high trafficked blogs. • Use Virtual Assistants for lead generation, link- building, and mundane tasks that waste your time. • Use the HC Traffic Pro software and regularly syndicate high quality content & media across the web. • Issue relevant and important press releases every couple of weeks. Contact news sources.
  • 28. If you are not yet a Daily Deal Builder client, we invite you to join us and launch a daily deal site by visiting: dailydealbuilder.com/go Thank you, Marc Horne & Tyler Horne support@hcdesk.com | 800-794-7192

×