SlideShare a Scribd company logo
1 of 8
Download to read offline
The Critical Connections of eCommerce success
Reduce Returns
The 5 Critical Connections of eCommerce success
The Critical Connections of eCommerce success
The Critical Connections of eCommerce success
Reduce Returns
Figuring out the cause for returns is just as much a qualitative exercise as it is a quantitative exercise. At what volume of returns
should you be alarmed? When should you care? And how do you know when to dig deeper to find the root cause? When you connect
the data across the organization you start to see what truly impacted returns.
Here are 5 critical connections that can help you make the most of your data from across the organization to
reduce returns.
1. Customer
Reviews
2. Marketing &
Promotions
Campaigns
3. Order
Details
4. Shipping &
Handling
5. Product
Descriptions
& Images
The Critical Connections of eCommerce success
The Critical Connections to Reduce Returns
1. Customer Reviews
How can you leverage customer
review data?
Customer reviews are the voice of your customer.
Keeping track of the ratings across your entire product
line is one element, but the open-ended responses and
reason codes may hold just as much if not more valuable
information. Gathering customer review data from across
your entire product line and comparing that to return
rates can be time consuming. With the right technology,
surfacing problems and outliers can help you focus on
taking the right action quickly versus spending hours on
analyzing return rates.
What are other retailers doing
with customer review data?
With the help of Dynamic Action, a high-end retailer was
alerted to a high rate of return on a popular women’s
dress that was costing them thousands of dollars in
revenue and shipping and handling costs. By connecting
the returns data with their customer reviews and reason
code data, Dynamic Action found that most returns were
due to the fact that the item was “not as expected.”
Upon further investigation, this retailer discovered the
color was misrepresented on the website imagery. They
immediately reshot the dress and updated the product
page.
The Critical Connections of eCommerce success
The Critical Connections to Reduce Returns
2. Marketing & Promotion Campaigns
How can you leverage marketing
promotions and campaigns data?
You may already know the reason behind the high return
rate of a product, but until a potential fix is in place, you
can benefit from limiting the financial impact of those
returns. Knowing what marketing is promoting is one of
the ways to control some of those additional returns and
associated costs. Whether it’s an email campaign, search
terms, or display ads, all of these marketing channels may
be driving additional traffic to products with high return
rates. Not only are these campaigns potentially wasting
marketing dollars, but they’re also eroding the profitability
of these products given the high costs incurred from
returns.
What are other retailers doing
with marketing promotions and
campaign data?
A retailer using Dynamic Action was able to connect
their returns, orders and marketing data. The
application alerted them to orders of a product with a
negative margin. Upon reviewing this opportunity, they
found that these orders were for a product with a
known high return rate due to a product issue and that
marketing costs were higher than average. By working
with the marketing team, this retailer paused the
promotional campaigns until the product issue
was fixed.
The Critical Connections of eCommerce success
The Critical Connections to Reduce Returns
3. Order Details
How can you leverage order details?
Product issues—such as incorrect sizing or quality—are the
most common reasons behind high returns. Sometimes
the exact issue can be difficult to find and may require a
deeper investigation into the product and order details. If
they encounter high returns, a first easy reference is to look
at the customer reviews. But without also knowing the
order details for these customers and the exact return
information, they could end up throwing out the baby with
the bathwater. In other words, it would be hard to discern
whether the returns were due to a single color or size of
that particular product. You don’t want to lose sales on an
entire size/color range of a product if only one color or size
is at issue.
What are other retailers doing
with order details?
Customers were returning a certain pair of pants at a
higher than average rate. Dynamic Action alerted this
high-end retailer of the returns issue citing quality as the
main reason for the returns. Dynamic Action combined
this returns data with the orders data, which revealed
that it was a single color of the pants that were being
returned. When they reached out to their
merchandising department, they discovered that this
color pant had recently switched manufacturers.
The Critical Connections of eCommerce success
The Critical Connections to Reduce Returns
4. Shipping & Handling
How can you leverage shipping and
handling data to reduce returns?
Sometimes returns have nothing to do with the product at
all. Missed delivery-on-promise or shipping the wrong
items can be a large contributor to high returns and low
customer satisfaction. When time-sensitive items like food
or seasonal products miss their delivery promise or the
wrong items are sent with an order, it may not be
apparent to a retailer without visibility into operations,
shipping and handling data. In fact, all a retailer may see
are high returns without the ability to connect the dots to
understand the reason behind these returns.
What are other retailers doing
with shipping and handling data?
A multi-channel retailer connected their orders data,
returns data, and operations (shipping/handling) data
using Dynamic Action. The application identified orders
including highly seasonal products that were going to
miss their delivery on promise in time for an upcoming
holiday. In order to avoid potential future returns and to
ensure customer satisfaction, this retailer immediately
reached out to those customers offering alternative
products and other delivery options like pick up in store
in order to meet delivery timelines—this resulted in
more than $20,000 in additional revenue and
decreased cancellations, returns and back-orders.
The Critical Connections of eCommerce success
The Critical Connections to Reduce Returns
5. Product Descriptions & Images
How can you leverage product
descriptions and images?
If you have high returns due to product issues, but you
still have inventory on the shelf that you need to sell,
looking at your content (e.g. product pages on the
website) may be the key to reducing returns. The reason
for high returns may be due to something left out from
the product description or imagery. The way a product is
described and showcased on your website can impact
returns just as much as the attributes of the product itself.
Understanding how accurate your portrayal of a product
is on the website can help reduce returns related to
sizing, fit or other product features and flaws.
What are other retailers doing
with product descriptions and
images?
Combining orders data, product data and returns data,
Dynamic Action identified a particular dress that was
being returned due to sizing issues. When digging further
to find out the exact sizing issue, they found that for
most customers the dress ran extremely long. They went
in and updated the product page with a well-placed and
easily understood sizing guideline along with a note on
the length of the dress in the product details. Separately,
they cross-promoted this dress with taller heels and
added a banner reminding customers of their in-store
tailoring services.
The Critical Connections of eCommerce success
About Dynamic Action
Dynamic Action from OrderDynamics helps forward-looking retailers and brands drive every last dollar of profit from their eCommerce
business. 
This first-of-its-kind Decision Intelligence application connects and analyzes product and customer data across a retailer’s
organization. Unlike any reporting or analytics tool to date, Dynamic Action tells you exactly what’s impacting profit, recommends
actions to take, and ranks them by how much they’re worth to your business. 
Find out how the leaders in retail are revolutionizing their omni-channel businesses at www.orderdynamics.com.

More Related Content

What's hot

Antavo Loyalty The Big Social Media Conference in Manchester July 2015
Antavo Loyalty The Big Social Media Conference in Manchester July 2015Antavo Loyalty The Big Social Media Conference in Manchester July 2015
Antavo Loyalty The Big Social Media Conference in Manchester July 2015Andras Nemes
 
Conversion day 2014 > the conversion kitchen
Conversion day 2014 > the conversion kitchenConversion day 2014 > the conversion kitchen
Conversion day 2014 > the conversion kitchenDaan Goor
 
Inflection points: Seizing the Moments in Customer Loyalty
Inflection points: Seizing the Moments in Customer LoyaltyInflection points: Seizing the Moments in Customer Loyalty
Inflection points: Seizing the Moments in Customer LoyaltyDavid Nickelson, PsyD, JD
 
PureProgression – Email marketing in a post GDPR world, email list growth & p...
PureProgression – Email marketing in a post GDPR world, email list growth & p...PureProgression – Email marketing in a post GDPR world, email list growth & p...
PureProgression – Email marketing in a post GDPR world, email list growth & p...Pure360
 
10 Reasons Why You Need a Digital Customer Loyalty Program
10 Reasons Why You Need a Digital Customer Loyalty Program10 Reasons Why You Need a Digital Customer Loyalty Program
10 Reasons Why You Need a Digital Customer Loyalty ProgramPassKit
 
Loyalty Program Management System for Retail
Loyalty Program Management System for RetailLoyalty Program Management System for Retail
Loyalty Program Management System for RetailScienceSoft
 
3 Reasons To Personalize Your Customers Digital Experience
3 Reasons To Personalize Your Customers Digital Experience3 Reasons To Personalize Your Customers Digital Experience
3 Reasons To Personalize Your Customers Digital ExperienceHoward Tiersky
 
Building customer loyalty programs
Building customer loyalty programsBuilding customer loyalty programs
Building customer loyalty programssmittal
 
Recovering lost sales through shopping cart abandonment strategy (Listrak) -E...
Recovering lost sales through shopping cart abandonment strategy (Listrak) -E...Recovering lost sales through shopping cart abandonment strategy (Listrak) -E...
Recovering lost sales through shopping cart abandonment strategy (Listrak) -E...Retelur Marketing
 
E-Commerce for Jewelry Industry
E-Commerce for Jewelry IndustryE-Commerce for Jewelry Industry
E-Commerce for Jewelry IndustryNaveen Agrawal
 
6 effective e commerce conversion strategies
6 effective e commerce conversion strategies6 effective e commerce conversion strategies
6 effective e commerce conversion strategiesNguyen Thi Anh Thu
 
5 Key Areas to focus on to Succeed in B2B E-commerce
5 Key Areas to focus on to Succeed in B2B E-commerce5 Key Areas to focus on to Succeed in B2B E-commerce
5 Key Areas to focus on to Succeed in B2B E-commercei95Dev
 
Expert strategies for your loyalty program
Expert strategies for your loyalty programExpert strategies for your loyalty program
Expert strategies for your loyalty programArun Krishnan
 
Loyalty Programme Marketing
Loyalty Programme MarketingLoyalty Programme Marketing
Loyalty Programme MarketingHuw Hopkin
 
Frequent Shopper Programs
Frequent Shopper ProgramsFrequent Shopper Programs
Frequent Shopper Programstabbycat24
 
10 Design Guidelines to reduce cart abandonment
10 Design Guidelines to reduce cart abandonment10 Design Guidelines to reduce cart abandonment
10 Design Guidelines to reduce cart abandonmentFrançois Courtois
 

What's hot (20)

Antavo Loyalty The Big Social Media Conference in Manchester July 2015
Antavo Loyalty The Big Social Media Conference in Manchester July 2015Antavo Loyalty The Big Social Media Conference in Manchester July 2015
Antavo Loyalty The Big Social Media Conference in Manchester July 2015
 
Conversion day 2014 > the conversion kitchen
Conversion day 2014 > the conversion kitchenConversion day 2014 > the conversion kitchen
Conversion day 2014 > the conversion kitchen
 
Inflection points: Seizing the Moments in Customer Loyalty
Inflection points: Seizing the Moments in Customer LoyaltyInflection points: Seizing the Moments in Customer Loyalty
Inflection points: Seizing the Moments in Customer Loyalty
 
PureProgression – Email marketing in a post GDPR world, email list growth & p...
PureProgression – Email marketing in a post GDPR world, email list growth & p...PureProgression – Email marketing in a post GDPR world, email list growth & p...
PureProgression – Email marketing in a post GDPR world, email list growth & p...
 
10 Reasons Why You Need a Digital Customer Loyalty Program
10 Reasons Why You Need a Digital Customer Loyalty Program10 Reasons Why You Need a Digital Customer Loyalty Program
10 Reasons Why You Need a Digital Customer Loyalty Program
 
Loyalty Program Management System for Retail
Loyalty Program Management System for RetailLoyalty Program Management System for Retail
Loyalty Program Management System for Retail
 
3 Reasons To Personalize Your Customers Digital Experience
3 Reasons To Personalize Your Customers Digital Experience3 Reasons To Personalize Your Customers Digital Experience
3 Reasons To Personalize Your Customers Digital Experience
 
Building customer loyalty programs
Building customer loyalty programsBuilding customer loyalty programs
Building customer loyalty programs
 
Loyalty Cards
Loyalty CardsLoyalty Cards
Loyalty Cards
 
The Loyalty Program: A Recipe for Success
The Loyalty Program: A Recipe for SuccessThe Loyalty Program: A Recipe for Success
The Loyalty Program: A Recipe for Success
 
Recovering lost sales through shopping cart abandonment strategy (Listrak) -E...
Recovering lost sales through shopping cart abandonment strategy (Listrak) -E...Recovering lost sales through shopping cart abandonment strategy (Listrak) -E...
Recovering lost sales through shopping cart abandonment strategy (Listrak) -E...
 
E-Commerce for Jewelry Industry
E-Commerce for Jewelry IndustryE-Commerce for Jewelry Industry
E-Commerce for Jewelry Industry
 
6 effective e commerce conversion strategies
6 effective e commerce conversion strategies6 effective e commerce conversion strategies
6 effective e commerce conversion strategies
 
5 Key Areas to focus on to Succeed in B2B E-commerce
5 Key Areas to focus on to Succeed in B2B E-commerce5 Key Areas to focus on to Succeed in B2B E-commerce
5 Key Areas to focus on to Succeed in B2B E-commerce
 
Expert strategies for your loyalty program
Expert strategies for your loyalty programExpert strategies for your loyalty program
Expert strategies for your loyalty program
 
Loyalty Programme Marketing
Loyalty Programme MarketingLoyalty Programme Marketing
Loyalty Programme Marketing
 
Customer loyalty dimensions
Customer loyalty dimensionsCustomer loyalty dimensions
Customer loyalty dimensions
 
Frequent Shopper Programs
Frequent Shopper ProgramsFrequent Shopper Programs
Frequent Shopper Programs
 
10 Design Guidelines to reduce cart abandonment
10 Design Guidelines to reduce cart abandonment10 Design Guidelines to reduce cart abandonment
10 Design Guidelines to reduce cart abandonment
 
Steps To Retain Existing Customers!
Steps To Retain Existing Customers!Steps To Retain Existing Customers!
Steps To Retain Existing Customers!
 

Similar to The 5 Critical Connections to Reduce Returns

13 Last-Minute Tips to Improve Your Holiday Ecommerce Efforts
13 Last-Minute Tips to Improve Your Holiday Ecommerce Efforts13 Last-Minute Tips to Improve Your Holiday Ecommerce Efforts
13 Last-Minute Tips to Improve Your Holiday Ecommerce EffortsLarry Wasserman
 
Lecture 04-components of electronic commerce website-khalid khan
Lecture 04-components of electronic commerce website-khalid khanLecture 04-components of electronic commerce website-khalid khan
Lecture 04-components of electronic commerce website-khalid khanKhalid Khan
 
Why B2B customer programs fail and how to make yours succeed
Why B2B customer programs fail and how to make yours succeedWhy B2B customer programs fail and how to make yours succeed
Why B2B customer programs fail and how to make yours succeedElizabeth Allcock
 
Data sourcesSocial mediaNews.docx
Data sourcesSocial mediaNews.docxData sourcesSocial mediaNews.docx
Data sourcesSocial mediaNews.docxsimonithomas47935
 
Returns: How we are helping you
Returns: How we are helping youReturns: How we are helping you
Returns: How we are helping youSellOnFlipkart
 
How to Bring Down Order Cancellation Ratio in B2B E-commerce.
How to Bring Down Order Cancellation Ratio in B2B E-commerce.How to Bring Down Order Cancellation Ratio in B2B E-commerce.
How to Bring Down Order Cancellation Ratio in B2B E-commerce.i95Dev
 
Ecommerce Success blueprint
Ecommerce Success blueprintEcommerce Success blueprint
Ecommerce Success blueprinteComNation
 
Become a customer-centric business
Become a customer-centric businessBecome a customer-centric business
Become a customer-centric businessSociety_Consulting
 
Learn about consumer intelligence to enhance consumer experience
Learn about consumer intelligence to enhance consumer experience Learn about consumer intelligence to enhance consumer experience
Learn about consumer intelligence to enhance consumer experience Jaiveer Singh
 
Powerful features that drive success for health and wellness ecommerce stores
Powerful features that drive success for health and wellness ecommerce storesPowerful features that drive success for health and wellness ecommerce stores
Powerful features that drive success for health and wellness ecommerce storesTechtic Solutions
 
2014 05-22 post purchase communications - dmx - small
2014 05-22 post purchase communications - dmx - small2014 05-22 post purchase communications - dmx - small
2014 05-22 post purchase communications - dmx - smallSteven Wong
 
10 Post-Purchase Communications that You Can Automate TODAY!
10 Post-Purchase Communications that You Can Automate TODAY!10 Post-Purchase Communications that You Can Automate TODAY!
10 Post-Purchase Communications that You Can Automate TODAY!DMXENGAGE
 
Using Attribution Modeling to Grow Your Business
Using Attribution Modeling to Grow Your BusinessUsing Attribution Modeling to Grow Your Business
Using Attribution Modeling to Grow Your BusinessRyan Hilliard
 
How To Convert Hits Into Sales
How To Convert Hits Into SalesHow To Convert Hits Into Sales
How To Convert Hits Into Salesamisa1979
 
Customers Are Channel Neutral: The truth about multi-channel marketing
Customers Are Channel Neutral: The truth about multi-channel marketingCustomers Are Channel Neutral: The truth about multi-channel marketing
Customers Are Channel Neutral: The truth about multi-channel marketingDavid Harkins
 
Mystery Shopping1
Mystery Shopping1Mystery Shopping1
Mystery Shopping1ray_adrish
 
Measuring Communication Success
Measuring Communication SuccessMeasuring Communication Success
Measuring Communication SuccessTom Nicholson
 
Does Your Fulfillment Services Provider Meet Your Business Requirements Durin...
Does Your Fulfillment Services Provider Meet Your Business Requirements Durin...Does Your Fulfillment Services Provider Meet Your Business Requirements Durin...
Does Your Fulfillment Services Provider Meet Your Business Requirements Durin...fulfillmentservices
 

Similar to The 5 Critical Connections to Reduce Returns (20)

13 Last-Minute Tips to Improve Your Holiday Ecommerce Efforts
13 Last-Minute Tips to Improve Your Holiday Ecommerce Efforts13 Last-Minute Tips to Improve Your Holiday Ecommerce Efforts
13 Last-Minute Tips to Improve Your Holiday Ecommerce Efforts
 
E-BUSINESS
E-BUSINESSE-BUSINESS
E-BUSINESS
 
Lecture 04-components of electronic commerce website-khalid khan
Lecture 04-components of electronic commerce website-khalid khanLecture 04-components of electronic commerce website-khalid khan
Lecture 04-components of electronic commerce website-khalid khan
 
Why B2B customer programs fail and how to make yours succeed
Why B2B customer programs fail and how to make yours succeedWhy B2B customer programs fail and how to make yours succeed
Why B2B customer programs fail and how to make yours succeed
 
Data sourcesSocial mediaNews.docx
Data sourcesSocial mediaNews.docxData sourcesSocial mediaNews.docx
Data sourcesSocial mediaNews.docx
 
Returns: How we are helping you
Returns: How we are helping youReturns: How we are helping you
Returns: How we are helping you
 
How to Bring Down Order Cancellation Ratio in B2B E-commerce.
How to Bring Down Order Cancellation Ratio in B2B E-commerce.How to Bring Down Order Cancellation Ratio in B2B E-commerce.
How to Bring Down Order Cancellation Ratio in B2B E-commerce.
 
Target report
Target reportTarget report
Target report
 
Ecommerce Success blueprint
Ecommerce Success blueprintEcommerce Success blueprint
Ecommerce Success blueprint
 
Become a customer-centric business
Become a customer-centric businessBecome a customer-centric business
Become a customer-centric business
 
Learn about consumer intelligence to enhance consumer experience
Learn about consumer intelligence to enhance consumer experience Learn about consumer intelligence to enhance consumer experience
Learn about consumer intelligence to enhance consumer experience
 
Powerful features that drive success for health and wellness ecommerce stores
Powerful features that drive success for health and wellness ecommerce storesPowerful features that drive success for health and wellness ecommerce stores
Powerful features that drive success for health and wellness ecommerce stores
 
2014 05-22 post purchase communications - dmx - small
2014 05-22 post purchase communications - dmx - small2014 05-22 post purchase communications - dmx - small
2014 05-22 post purchase communications - dmx - small
 
10 Post-Purchase Communications that You Can Automate TODAY!
10 Post-Purchase Communications that You Can Automate TODAY!10 Post-Purchase Communications that You Can Automate TODAY!
10 Post-Purchase Communications that You Can Automate TODAY!
 
Using Attribution Modeling to Grow Your Business
Using Attribution Modeling to Grow Your BusinessUsing Attribution Modeling to Grow Your Business
Using Attribution Modeling to Grow Your Business
 
How To Convert Hits Into Sales
How To Convert Hits Into SalesHow To Convert Hits Into Sales
How To Convert Hits Into Sales
 
Customers Are Channel Neutral: The truth about multi-channel marketing
Customers Are Channel Neutral: The truth about multi-channel marketingCustomers Are Channel Neutral: The truth about multi-channel marketing
Customers Are Channel Neutral: The truth about multi-channel marketing
 
Mystery Shopping1
Mystery Shopping1Mystery Shopping1
Mystery Shopping1
 
Measuring Communication Success
Measuring Communication SuccessMeasuring Communication Success
Measuring Communication Success
 
Does Your Fulfillment Services Provider Meet Your Business Requirements Durin...
Does Your Fulfillment Services Provider Meet Your Business Requirements Durin...Does Your Fulfillment Services Provider Meet Your Business Requirements Durin...
Does Your Fulfillment Services Provider Meet Your Business Requirements Durin...
 

Recently uploaded

Supermarket Floral Ad Roundup- Week 17 2024.pdf
Supermarket Floral Ad Roundup- Week 17 2024.pdfSupermarket Floral Ad Roundup- Week 17 2024.pdf
Supermarket Floral Ad Roundup- Week 17 2024.pdfKarliNelson4
 
Dubai Call Girls O525547&19 (Asii) Call Girls Dubai
Dubai Call Girls O525547&19 (Asii) Call Girls DubaiDubai Call Girls O525547&19 (Asii) Call Girls Dubai
Dubai Call Girls O525547&19 (Asii) Call Girls Dubaikojalkojal131
 
Best VIP Call Girls Noida Sector 51 Call Me: 8448380779
Best VIP Call Girls Noida Sector 51 Call Me: 8448380779Best VIP Call Girls Noida Sector 51 Call Me: 8448380779
Best VIP Call Girls Noida Sector 51 Call Me: 8448380779Delhi Call girls
 
Best VIP Call Girls Noida Sector 55 Call Me: 8448380779
Best VIP Call Girls Noida Sector 55 Call Me: 8448380779Best VIP Call Girls Noida Sector 55 Call Me: 8448380779
Best VIP Call Girls Noida Sector 55 Call Me: 8448380779Delhi Call girls
 
Korba Call Girls #9907093804 Contact Number Escorts Service Korba
Korba Call Girls #9907093804 Contact Number Escorts Service KorbaKorba Call Girls #9907093804 Contact Number Escorts Service Korba
Korba Call Girls #9907093804 Contact Number Escorts Service Korbasrsj9000
 
Best VIP Call Girls Noida Sector 50 Call Me: 8448380779
Best VIP Call Girls Noida Sector 50 Call Me: 8448380779Best VIP Call Girls Noida Sector 50 Call Me: 8448380779
Best VIP Call Girls Noida Sector 50 Call Me: 8448380779Delhi Call girls
 
The 15 Minute Breakdown: 2024 Beauty Marketing Study
The 15 Minute Breakdown: 2024 Beauty Marketing StudyThe 15 Minute Breakdown: 2024 Beauty Marketing Study
The 15 Minute Breakdown: 2024 Beauty Marketing StudyKatherineBishop4
 

Recently uploaded (8)

Supermarket Floral Ad Roundup- Week 17 2024.pdf
Supermarket Floral Ad Roundup- Week 17 2024.pdfSupermarket Floral Ad Roundup- Week 17 2024.pdf
Supermarket Floral Ad Roundup- Week 17 2024.pdf
 
Model Call Girl in Yamuna Vihar Delhi reach out to us at 🔝9953056974🔝
Model Call Girl in  Yamuna Vihar Delhi reach out to us at 🔝9953056974🔝Model Call Girl in  Yamuna Vihar Delhi reach out to us at 🔝9953056974🔝
Model Call Girl in Yamuna Vihar Delhi reach out to us at 🔝9953056974🔝
 
Dubai Call Girls O525547&19 (Asii) Call Girls Dubai
Dubai Call Girls O525547&19 (Asii) Call Girls DubaiDubai Call Girls O525547&19 (Asii) Call Girls Dubai
Dubai Call Girls O525547&19 (Asii) Call Girls Dubai
 
Best VIP Call Girls Noida Sector 51 Call Me: 8448380779
Best VIP Call Girls Noida Sector 51 Call Me: 8448380779Best VIP Call Girls Noida Sector 51 Call Me: 8448380779
Best VIP Call Girls Noida Sector 51 Call Me: 8448380779
 
Best VIP Call Girls Noida Sector 55 Call Me: 8448380779
Best VIP Call Girls Noida Sector 55 Call Me: 8448380779Best VIP Call Girls Noida Sector 55 Call Me: 8448380779
Best VIP Call Girls Noida Sector 55 Call Me: 8448380779
 
Korba Call Girls #9907093804 Contact Number Escorts Service Korba
Korba Call Girls #9907093804 Contact Number Escorts Service KorbaKorba Call Girls #9907093804 Contact Number Escorts Service Korba
Korba Call Girls #9907093804 Contact Number Escorts Service Korba
 
Best VIP Call Girls Noida Sector 50 Call Me: 8448380779
Best VIP Call Girls Noida Sector 50 Call Me: 8448380779Best VIP Call Girls Noida Sector 50 Call Me: 8448380779
Best VIP Call Girls Noida Sector 50 Call Me: 8448380779
 
The 15 Minute Breakdown: 2024 Beauty Marketing Study
The 15 Minute Breakdown: 2024 Beauty Marketing StudyThe 15 Minute Breakdown: 2024 Beauty Marketing Study
The 15 Minute Breakdown: 2024 Beauty Marketing Study
 

The 5 Critical Connections to Reduce Returns

  • 1. The Critical Connections of eCommerce success Reduce Returns
  • 2. The 5 Critical Connections of eCommerce success The Critical Connections of eCommerce success The Critical Connections of eCommerce success Reduce Returns Figuring out the cause for returns is just as much a qualitative exercise as it is a quantitative exercise. At what volume of returns should you be alarmed? When should you care? And how do you know when to dig deeper to find the root cause? When you connect the data across the organization you start to see what truly impacted returns. Here are 5 critical connections that can help you make the most of your data from across the organization to reduce returns. 1. Customer Reviews 2. Marketing & Promotions Campaigns 3. Order Details 4. Shipping & Handling 5. Product Descriptions & Images
  • 3. The Critical Connections of eCommerce success The Critical Connections to Reduce Returns 1. Customer Reviews How can you leverage customer review data? Customer reviews are the voice of your customer. Keeping track of the ratings across your entire product line is one element, but the open-ended responses and reason codes may hold just as much if not more valuable information. Gathering customer review data from across your entire product line and comparing that to return rates can be time consuming. With the right technology, surfacing problems and outliers can help you focus on taking the right action quickly versus spending hours on analyzing return rates. What are other retailers doing with customer review data? With the help of Dynamic Action, a high-end retailer was alerted to a high rate of return on a popular women’s dress that was costing them thousands of dollars in revenue and shipping and handling costs. By connecting the returns data with their customer reviews and reason code data, Dynamic Action found that most returns were due to the fact that the item was “not as expected.” Upon further investigation, this retailer discovered the color was misrepresented on the website imagery. They immediately reshot the dress and updated the product page.
  • 4. The Critical Connections of eCommerce success The Critical Connections to Reduce Returns 2. Marketing & Promotion Campaigns How can you leverage marketing promotions and campaigns data? You may already know the reason behind the high return rate of a product, but until a potential fix is in place, you can benefit from limiting the financial impact of those returns. Knowing what marketing is promoting is one of the ways to control some of those additional returns and associated costs. Whether it’s an email campaign, search terms, or display ads, all of these marketing channels may be driving additional traffic to products with high return rates. Not only are these campaigns potentially wasting marketing dollars, but they’re also eroding the profitability of these products given the high costs incurred from returns. What are other retailers doing with marketing promotions and campaign data? A retailer using Dynamic Action was able to connect their returns, orders and marketing data. The application alerted them to orders of a product with a negative margin. Upon reviewing this opportunity, they found that these orders were for a product with a known high return rate due to a product issue and that marketing costs were higher than average. By working with the marketing team, this retailer paused the promotional campaigns until the product issue was fixed.
  • 5. The Critical Connections of eCommerce success The Critical Connections to Reduce Returns 3. Order Details How can you leverage order details? Product issues—such as incorrect sizing or quality—are the most common reasons behind high returns. Sometimes the exact issue can be difficult to find and may require a deeper investigation into the product and order details. If they encounter high returns, a first easy reference is to look at the customer reviews. But without also knowing the order details for these customers and the exact return information, they could end up throwing out the baby with the bathwater. In other words, it would be hard to discern whether the returns were due to a single color or size of that particular product. You don’t want to lose sales on an entire size/color range of a product if only one color or size is at issue. What are other retailers doing with order details? Customers were returning a certain pair of pants at a higher than average rate. Dynamic Action alerted this high-end retailer of the returns issue citing quality as the main reason for the returns. Dynamic Action combined this returns data with the orders data, which revealed that it was a single color of the pants that were being returned. When they reached out to their merchandising department, they discovered that this color pant had recently switched manufacturers.
  • 6. The Critical Connections of eCommerce success The Critical Connections to Reduce Returns 4. Shipping & Handling How can you leverage shipping and handling data to reduce returns? Sometimes returns have nothing to do with the product at all. Missed delivery-on-promise or shipping the wrong items can be a large contributor to high returns and low customer satisfaction. When time-sensitive items like food or seasonal products miss their delivery promise or the wrong items are sent with an order, it may not be apparent to a retailer without visibility into operations, shipping and handling data. In fact, all a retailer may see are high returns without the ability to connect the dots to understand the reason behind these returns. What are other retailers doing with shipping and handling data? A multi-channel retailer connected their orders data, returns data, and operations (shipping/handling) data using Dynamic Action. The application identified orders including highly seasonal products that were going to miss their delivery on promise in time for an upcoming holiday. In order to avoid potential future returns and to ensure customer satisfaction, this retailer immediately reached out to those customers offering alternative products and other delivery options like pick up in store in order to meet delivery timelines—this resulted in more than $20,000 in additional revenue and decreased cancellations, returns and back-orders.
  • 7. The Critical Connections of eCommerce success The Critical Connections to Reduce Returns 5. Product Descriptions & Images How can you leverage product descriptions and images? If you have high returns due to product issues, but you still have inventory on the shelf that you need to sell, looking at your content (e.g. product pages on the website) may be the key to reducing returns. The reason for high returns may be due to something left out from the product description or imagery. The way a product is described and showcased on your website can impact returns just as much as the attributes of the product itself. Understanding how accurate your portrayal of a product is on the website can help reduce returns related to sizing, fit or other product features and flaws. What are other retailers doing with product descriptions and images? Combining orders data, product data and returns data, Dynamic Action identified a particular dress that was being returned due to sizing issues. When digging further to find out the exact sizing issue, they found that for most customers the dress ran extremely long. They went in and updated the product page with a well-placed and easily understood sizing guideline along with a note on the length of the dress in the product details. Separately, they cross-promoted this dress with taller heels and added a banner reminding customers of their in-store tailoring services.
  • 8. The Critical Connections of eCommerce success About Dynamic Action Dynamic Action from OrderDynamics helps forward-looking retailers and brands drive every last dollar of profit from their eCommerce business.  This first-of-its-kind Decision Intelligence application connects and analyzes product and customer data across a retailer’s organization. Unlike any reporting or analytics tool to date, Dynamic Action tells you exactly what’s impacting profit, recommends actions to take, and ranks them by how much they’re worth to your business.  Find out how the leaders in retail are revolutionizing their omni-channel businesses at www.orderdynamics.com.