Erik Meierhoff
Head of B2B Business idealo idealo
2019 is the year of change: Artificial Intelligence or Voice Commerce are getting more interesting and yet more feasible to merchants. But what do German online-shoppers think about these innovations and changes? Erik Meierhoff (Head of B2B-Business at idealo) got the answers.
Erik Meierhoff deals with digital business processes in the B2B2C area for more than 15 years. Already during his studies he took over the connection to a leading eProcurement marketplace of chemistry. After completing his Master of Political Science, he worked in various consulting / management positions throughout the entire digital ecosystem - from technology startup to big data in small and medium-sized companies to the development of ecommerce and fintech platforms in a Japanese digital company.
At idealo, he has been responsible for the strategic and operational development of the B2B business since 2017. The special focus is on the change from a click-based traffic model to a transaction-based platform model.
HomeRoots Pitch Deck | Investor Insights | April 2024
EBE 2019 - E-Commerce Trends 2019 – fear and desire of German online-shoppers
1.
2. E-Commerce Trends
2019 – fears &
desires of German
online-shoppers
Erik Meierhoff
Head of B2B Business
@Meierhoff
3. agenda
3 Fears and desires of German online shoppers
1 idealo key facts
2 Review Black Friday and X-Mas of the German e-commerce market
4. idealo key facts
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*direct traffic 42% (direct + App-usage
** based on desktop and mobile page impressions, no apps; source: similarweb.de
19 years of
experience
4th biggest
E-Commerce
website in
Germany**
16m+ visitors
every month
800+
employees
6.7m App
downloads –
90,000 daily
active users
42% direct
traffic*
5. One day @ idealo
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Note: idealo.de average Juli 2018; Visits Worldwide, Price Alerts Web & App
Content
Creation
offer
imports
3Bn
Offers
processed
Matching
3,100
New
products
5,000
Edited
photos
33
New
texts
~99.99%
Automatic matching
of products and offers
250M
Offers
updated
2.4+M
Live products
330M
Live offers
6. Platform index
30%
27%
3%
3%
38%
Amazon eBay Otto idealo Rest
Traffic (visits) share of TOP 100 Shopping Websites in Germany*
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* Source: similarweb.com
7. agenda
3 Fears and desires of German online shoppers
1 idealo key facts
2 Review Black Friday and X-Mas of the German e-commerce market
9. X-Mas sales at idealo
Visits and clicks at idealo in November/ December 2017 vs. 2018
48.3M 52.6M
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10. X-Mas sales at idealo
Direct purchase orders and external turnover 2017 and 2018
+191%
2017 2018
+178%
2017 2018
orders turnover
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11. Click distribution
Comparison of November/December and Black Friday 2018
59%
10%
14%
1%
7%
5%
2%2%
40%
17%
11%
9%
9%
7%
4% 3%
Elektroartikel
Haus & Garten
Gaming & Spielen
Mode & Accessoires
Sport & Outdoor
Drogerie & Gesundheit
Auto & Motorrad
Sonstige
November/
December
2018
Black
Friday
2018
Electronics
House & Garden
Gaming
Fashion & Accessories
Fitness & Outdoor
Drugstore & Health
Car & Motorcycle
Other
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12. Black Friday is the most important day of
the German e-commerce
And the kickoff for the Holiday shopping season
13. Discounts at Black Friday – possible savings Are German online-shoppers participating
in Black Friday?
Maximum discount
Average discount
Planned
budget
YES
NO
…are planning their
purchase in
advance
…don‘t believe in
Black Friday
discounts
Black Friday
Online-Shopping
14. Clicks into shops
01.04.2017 – 31.12.2018
2017 2018
Source: own data survey
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15. Black Friday recap
Development of visits at idealo between 2016 and 2018
+60%
+73%
2016 2017 2018
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16. Black Friday recap price comparison
Development of clicks into shops between 2016 and 2018
+52%
+76%
2016 2017 2018
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17. Black Friday recap direct purchase
Development of idealo direct purchase between 2016 and 2018
+441%
+190%
2016 2017 2018
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18. Black Friday recap direct purchase
Development of idealo direct purchase external turnover
+562%
+206%
2016 2017 2018
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19. idealo best seller…
… as before in 2017
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20. Clicks by brands in the category: Toys
November/December 2018*
* 2,414 Brands
Percentage of all clicks in the
category „toys“
Number of online shops
Percentage of clicks to
platforms (with regard to
this brand)
Percentage of clicks to
example shop (with regard
to this brand)
21. Clicks by brands in the category: Toys
Black Friday 2018*
* Insgesamt 2414 Marken
22. Comparing Black Friday to Nov/Dec 2018
Number of shops
Share platforms
Share example shop
Nov/Dec BF 18
188 99
39,9 % 42,6 %
3,8 % 2,6 %
Number of shops
Share platforms
Share example shop
Nov/Dec BF 18
108 55
42,9 % 50,5 %
3,7 % 3,6 %
Number of shops
Share platforms
Share example shop
Nov/Dec BF 18
75 40
34,0 % 47,3 %
6,8 % 2,7 %
Number of shops
Share platforms
Share example shop
Nov/Dec BF 18
25 16
64,1 % 82,9 %
3,2 % 0,6 %
24. „Shopping holidays“ as BLACK FRIDAY are becoming more and more PLATFORM-DAYS
Customers need to be picked up with more transparent information about offers
Learnings…
Customers love platforms even on Christmas!
Electronics, gaming and especially strong brands are performing best at BLACK FRIDAY
German online shoppers like to compare prices and save money (price sensitive)
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25. agenda
3 Fears and desires of German online-shoppers
1 idealo key facts
2 Review Black Friday and X-Mas of the German e-commerce market
27. Customers and their data
The (non) transparent customer
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I do NOT like the fact that my data,
which I leave online, is evaluated
and used for individualized offers.
Yes No I don’t know
16%
29%
52%
I’m scared companies know too
much about me and my
preferences.
20%
27%
53%
28. Customers and their data
The (non) transparent customer
highly relevant relevant little/not relevant
How relevant are individual
advertisements and offers?
32%
51%
6%
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29. Customers and their data
The (non) transparent customer
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If I get offered attractive benefits,
then I’ll reveal my personal details.
15%
25%
60%
(52%)
No YesI don‘t know
30. 54%
47%
40%
36%
33%
26%
26%
14%
Skepticism towards dynamic pricing
Competition
between
merchants
Cause confusion
for customers
Best deals
for customers
Terminal device
Location
Browser
Logged-in user status
Number of views
Last viewed products
Past purchases
None of that
What are the main reasons for merchants to adjust
prices on a daily basis?
Besides time and weekday, which of the following reasons
have an influence on the prices shown online?
n = 1.037
1.
2.
3.
n = 1.037
56%
30%
14%
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31. Skepticism towards dynamic pricing
Customers expect most expensive prices at…
5 am – 9 am
2% • 34% believe
Saturday is the
most expensive
shopping day
• 61% of Germans
think prices are
more expensive
on the weekend
9 am – 12 pm
6%
12 pm – 3 pm
12%
3 pm – 6 pm
21%
6 pm – 11 pm
58%
11 pm – 5 am
2%
n = 1.037
Monday
Tuesday
Wednesday
Thursday
Friday
Saturday
Sunday
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37. Characteristics of online-shoppers
German online-shoppers
• Anxious
• Skeptical
• Habitual
• But: become more
comfortable
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38. Online-Shopping vs. Offline-Shopping
Evaluation of consulting services of online shops and stationary trading
Connected Commerce – A mix of both worlds
55%
17%
13%
9%
7%
33%
32%
23%
20%
28%
12%
39%
40%
26%
29%
1%
9%
18%
25%
25%
1%
4%
6%
21%
11%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Strongly agree Agree Neither Disagree Strongly disagree
Before purchasing a product I go
to the store to have a look at it.
I order products online and then
pick them up at the store.
I feel better advised at the local store, than if
I inform myself online about products.
At the store I get a more neutral evaluation than
if I inform myself online about products.
I can inform myself in peace about a product
online without a salesman addressing me.
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39. Online-Shopping vs. Offline-Shopping
Connected Commerce – A mix of both worlds
Black Friday 2018
• 140% increase in
the use of the
idealo mobile app
• Above average
use of barcode
scanner for price
verification
idealo mobile App Brick & mortar
Some product categories did not
push through online…
92%
64%
54%
Food
Furniture
Medication
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41. Unpopular trends
Data and innovations do not work
Smart Home Devices
Personalised Offers
35%
BUT: acceptance of chatbots
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42. Voice Commerce?
Market penetration of smart home devices
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Yes No Plan to buy
Do you have a smart home device?
20%
64%
17%
43. Voice Commerce?
Maybe next year…
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Yes Nope
For what have you used your smart home device,
or for what can you imagine using it?
76%
65%
Listening to music
Order food / taxi
Gathering information
Set a phone call / text message
Use connected devices / smart home control
Order products (voice commerce)
34%
63%
55%
23%
24%
35%
66%
37%
45%
77%
65%Compare prices (voice commerce) 35%
44. Contextual Commerce
Skepticism is still there…
Have you ever purchased a product with the „buy“
button in social media?
13%
14%
73%
1
32
Clothing &
Shoes (55%)
Cosmetics &
Perfume (32%) Watches &
Jewelry (25%)
Top 3 product groups:
22%
32%
42%
25%
39%
32%
35%
25%
16%
16%
16%
21%
13%
11%
4%
19%
9%
10%
3%
10%
0% 20% 40% 60% 80% 100%
Strongly agree Agree Neither Disagree Strongly disagree
Please think about the last product that you have purchased with the „buy“
button. Evaluate the following statements:
I wanted to buy the
product anyways.
It was a good deal.
I did not plan on
buying the product.
I was “seduced”
to buy the product.
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No
Yes, more than once
Yes, but
only once
45. Know your customers: online-shoppers want a professional and comprehensive
advice about buying products – online and offline.
Learnings…
Pick up your customers with more transparent information about your offers.
Be reserved with individual and personal offers.
German customers need time to get ready for new innovations.
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Visits: von 2016 zu 2017: +60%. von 2017 zu 2018: +73%
Leadouts: von 2016 zu 2017: +52%. von 2017 zu 2018: +76%
DK Orders: von 2016 zu 2017: +441%. von 2017 zu 2018: +190%
DK Außenumsatz: von 2016 zu 2017: +562%. von 2017 zu 2018: +206%
2 Möglichkeiten bei Vergangenheit
2 Möglichkeiten bei Vergangenheit
Angst vor Dynamic Pricing schätzen es als böse Absicht der Händler ein
Eine Auswertung der Verbraucherzentrale hat gezeigt, dass Online-Händler ihre Preise täglich anpassen, wodurch Preise online je nach Tag und Uhrzeit schwanken können. Was glauben Sie, ist der Hauptgrund der Online-Händler, das zu tun?
(Wollen keine Daten Ängstlich (Wollen keine Daten herausgeben)
Skeptisch (siehe dynamic pricing)
Gewohnheitsliebend (geben ihren stationären Handel nicht her)
Aber: werden bequemer (Mix aus stationärem Handel und Onlineshopping, folgt genauer nächste Folie…)->
)
Deutsch liebt statioänren handel, aber cleverer & bequemer geworden trend Omni channel exkurs black Friday anstieg app QR Code Scanner
Produktgruppen – einige haben es schwer, sich im online handel (möbel, Medikamente, lebensmittel)
But: Since the last year the acceptance of chatbots has increased. Compared to 30% last year, 35% now think it is useful to use chatbots. This goes in hand with the convenience of online consulting.
5 Prozent mehr Deutsche bestellen über Smart Devices Produkte im Vergleich zu letztem Jahr. Kleiner Anstieg – Die deutschen Online-Shopper brauchen Zeit