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The New Yorker Magazine, March 11, 2014
Rick Caruso, CEO of one of the largest privately held US real-estate companies
“Within ten to 15 years, the typical U.S. mall, unless it is
completely reinvented, will be a historical anachronism—a 60
year aberration that no longer meets the public’s needs, the
retailers’ needs, or the community’s needs”
20% between Black Friday and Christmas
40% from organic search results
16% from email marketing
statista.com
55% of shopping time is spent on mobile devices
44% Smart phones
11% Tablets
statista.com
statista.com
US Population ~ 316 M
Under Age 18 ~ 74 M
statista.com
Benefits
• Fewer barriers to entry compared to building a physical store
• World wide reach – opportunity to greatly expand size of your market
• Digital marketing is less expensive than traditional
• Data analytics can be used to measure and improve results
• Integrated software systems can greatly improve efficiency
Challenges
• Due diligence is required
• Many companies need both bricks and mortar and ecommerce
• Integrating new software systems with existing systems
• New skills are required – retrain, hire, or work with an agency
• Brand identity of mature firms need to evolve for digital media
• Digital marketing – a different mindset than traditional
$1,000,000.00
Financial
• Budget
• Merchant Account
• SSL Certificate
• Accounting Systems
• Sales Tax Management
• PCI DSS
General
• Business Goals
• Target Completion Date
• Scale - Number of SKUs
• Scope - U.S. or International
• Review Existing Website(s)
• Review Branding &
Marketing Efforts
Business Rules
• Warehouse Locations
• Software Systems
• Pricing Structures
• Return and Refund Policy
• Backorders
• Partial Orders
• Shipping Service Providers
• Shipping Restrictions
Information Architecture
• Scalable
• Easy to Use – Shoppers & Admins
• Organic Search Success
• Integrated with Existing Systems
• Google & Bing Shopping Feeds
Align Attributes with Business Needs
• Cost
• Off-the-shelf versus custom build
• Scalability: number of SKUs supported
• Selling options: discounts, auctions, reviews, suggestions
• Support options, availability of upgrades
• Data import/export capabilities
• Data exchange capabilities (APIs)
• Ease of use for the shopper and the administrator
• Product layout and appearance
• Marketing support
Article: Best DNN Shopping Carts
Shopping Cart Reviews
$399.95 standard edition, $1,599 full suite
Module for Interport Content Management System
Men’s Room Spa
GoBuyRochester.com
$399.95 standard edition, $1,599 full suite
Module for Interport Content Management System
$349.00 plus optional $1,000 annual support package
Module for Interport Content Management System
FineArtStore.com
$399.95 standard edition, $1,599 full suite
Module for Interport Content Management System
$349.00 plus optional $1,000 annual support package
Module for Interport Content Management System
$797 up to 100 products, $1797 professional package
Custom build using .NET framework
Kwik Covers
$399.95 standard edition, $1,599 full suite
Module for Interport Content Management System
$349.00 plus optional $1,000 annual support package
Module for Interport Content Management System
$797 up to 100 products, $1797 professional package
Custom build using .NET framework
Free
Open source
https://
www.web-payment-software.com/c17/Online-Merchant-Accounts-c3.html
ShipWorks Connector
Cloud Connector
Tax Rate Importer
https://www.web-payment-software.com/c17/Online-
Merchant-Accounts-c3.html
Tax Rate Importer for AspDotNetStorefront
Imports up-to-date tax rates by ZIP code.
provides tax rates by address.
From sba.gov: If your business has a physical presence in a
state, such as a store, office or warehouse, you must collect
applicable state and local sales tax from your customers.
Determining which sales tax to charge can be a challenge.
equaTEK Interactive is not a tax authority.
Well Known Stumbling Blocks
• Unrealistic or unarticulated goals
• Inaccurate estimates of resources needed
• Poorly defined system requirements
• Unmanaged risks
• Use of immature/inappropriate technology
• Poor communication
• Stakeholder politics
Growth Hacking
1. Focus on driving sales with low-cost and innovative
alternatives to traditional marketing
2. Creative experimentation
• Develop hypotheses
• A/B testing, revising, testing again
• Constant optimization for key performance indicators
3. Focus on data, building efficiencyecommerce-trends-2013-2014
Marketing Software Dev
Operations
Growth Hacking
The process requires a blurring of lines between
marketing, software development, and operations so
that team members work together to make the
product market itself.
ecommerce-trends-2013-2014
Marketing Software Dev
Operations
Growth Hacking
• Information architecture and SEO
• A/B testing and analytics
• Viral acquisition: encourage customers to share
• Paid ads: Google Adwords, Facebook ads, display ads
• Content: website, blog posts, infographics, videos
• E-mail marketing
ecommerce-trends-2013-2014
Marketing Software Dev
Operations
Growth Hacking
• Predictive analysis: data helps predict events before
they occur
• Dynamic pricing: gathering data from on-line and off-
line competitors
• Personalization: data from multiple touch points
ecommerce-trends-2013-2014
Marketing Software Dev
Operations
Growth Hacking
• Amazon
• Twitter
• Facebook
• LinkedIn
• Airbnb
• YouTube
ecommerce-trends-2013-2014
Marketing Software Dev
Operations
http://moz.com/learn/local/digital-marketing-options
http://moz.com/learn/local/digital-marketing-options
Online 2014- Ecommerce

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Online 2014- Ecommerce

  • 1.
  • 2.
  • 3.
  • 4.
  • 5. The New Yorker Magazine, March 11, 2014 Rick Caruso, CEO of one of the largest privately held US real-estate companies “Within ten to 15 years, the typical U.S. mall, unless it is completely reinvented, will be a historical anachronism—a 60 year aberration that no longer meets the public’s needs, the retailers’ needs, or the community’s needs”
  • 6.
  • 7.
  • 8.
  • 9. 20% between Black Friday and Christmas 40% from organic search results 16% from email marketing statista.com
  • 10. 55% of shopping time is spent on mobile devices 44% Smart phones 11% Tablets statista.com
  • 11. statista.com US Population ~ 316 M Under Age 18 ~ 74 M
  • 13. Benefits • Fewer barriers to entry compared to building a physical store • World wide reach – opportunity to greatly expand size of your market • Digital marketing is less expensive than traditional • Data analytics can be used to measure and improve results • Integrated software systems can greatly improve efficiency
  • 14. Challenges • Due diligence is required • Many companies need both bricks and mortar and ecommerce • Integrating new software systems with existing systems • New skills are required – retrain, hire, or work with an agency • Brand identity of mature firms need to evolve for digital media • Digital marketing – a different mindset than traditional
  • 15.
  • 17.
  • 18.
  • 19.
  • 20.
  • 21. Financial • Budget • Merchant Account • SSL Certificate • Accounting Systems • Sales Tax Management • PCI DSS General • Business Goals • Target Completion Date • Scale - Number of SKUs • Scope - U.S. or International • Review Existing Website(s) • Review Branding & Marketing Efforts Business Rules • Warehouse Locations • Software Systems • Pricing Structures • Return and Refund Policy • Backorders • Partial Orders • Shipping Service Providers • Shipping Restrictions
  • 22. Information Architecture • Scalable • Easy to Use – Shoppers & Admins • Organic Search Success • Integrated with Existing Systems • Google & Bing Shopping Feeds
  • 23. Align Attributes with Business Needs • Cost • Off-the-shelf versus custom build • Scalability: number of SKUs supported • Selling options: discounts, auctions, reviews, suggestions • Support options, availability of upgrades • Data import/export capabilities • Data exchange capabilities (APIs) • Ease of use for the shopper and the administrator • Product layout and appearance • Marketing support Article: Best DNN Shopping Carts Shopping Cart Reviews
  • 24. $399.95 standard edition, $1,599 full suite Module for Interport Content Management System Men’s Room Spa
  • 25. GoBuyRochester.com $399.95 standard edition, $1,599 full suite Module for Interport Content Management System $349.00 plus optional $1,000 annual support package Module for Interport Content Management System
  • 26. FineArtStore.com $399.95 standard edition, $1,599 full suite Module for Interport Content Management System $349.00 plus optional $1,000 annual support package Module for Interport Content Management System $797 up to 100 products, $1797 professional package Custom build using .NET framework
  • 27. Kwik Covers $399.95 standard edition, $1,599 full suite Module for Interport Content Management System $349.00 plus optional $1,000 annual support package Module for Interport Content Management System $797 up to 100 products, $1797 professional package Custom build using .NET framework Free Open source
  • 29. ShipWorks Connector Cloud Connector Tax Rate Importer https://www.web-payment-software.com/c17/Online- Merchant-Accounts-c3.html
  • 30. Tax Rate Importer for AspDotNetStorefront Imports up-to-date tax rates by ZIP code. provides tax rates by address. From sba.gov: If your business has a physical presence in a state, such as a store, office or warehouse, you must collect applicable state and local sales tax from your customers. Determining which sales tax to charge can be a challenge. equaTEK Interactive is not a tax authority.
  • 31. Well Known Stumbling Blocks • Unrealistic or unarticulated goals • Inaccurate estimates of resources needed • Poorly defined system requirements • Unmanaged risks • Use of immature/inappropriate technology • Poor communication • Stakeholder politics
  • 32. Growth Hacking 1. Focus on driving sales with low-cost and innovative alternatives to traditional marketing 2. Creative experimentation • Develop hypotheses • A/B testing, revising, testing again • Constant optimization for key performance indicators 3. Focus on data, building efficiencyecommerce-trends-2013-2014 Marketing Software Dev Operations
  • 33. Growth Hacking The process requires a blurring of lines between marketing, software development, and operations so that team members work together to make the product market itself. ecommerce-trends-2013-2014 Marketing Software Dev Operations
  • 34. Growth Hacking • Information architecture and SEO • A/B testing and analytics • Viral acquisition: encourage customers to share • Paid ads: Google Adwords, Facebook ads, display ads • Content: website, blog posts, infographics, videos • E-mail marketing ecommerce-trends-2013-2014 Marketing Software Dev Operations
  • 35. Growth Hacking • Predictive analysis: data helps predict events before they occur • Dynamic pricing: gathering data from on-line and off- line competitors • Personalization: data from multiple touch points ecommerce-trends-2013-2014 Marketing Software Dev Operations
  • 36. Growth Hacking • Amazon • Twitter • Facebook • LinkedIn • Airbnb • YouTube ecommerce-trends-2013-2014 Marketing Software Dev Operations