E-Commerce Best Practices
   to Drive Conversion
 Michael Ober, Sr. Manager, Account Management
Online Retailing Goals
• Grow your revenue (of course!)
• Maximize conversion rates
• Increase average order value (AOV)
• Maximize stickiness of your brand

Accomplish the above by…
• Understanding site traffic, customer
  engagement, problem areas
• Identifying, targeting, refining key customer
  segments
• Testing marketing and merchandising for
  maximum conversion
                       2
Line up your marbles
        but…
 Don’t forget the basics!


                3
#1 What is your Story?




                   4
#2 Call the Cart the Cart




                    5
#3 Contact and Trust Elements Above the Fold




                  6
#4 Add to Cart that Pops!




                   7
#5 Navigation Button Testing

• Size
• Color
• Call to Action
• Logo
  Unique Visitors                  100,000
  Conversion Rate                    1.20%
  # of orders                         1,200
  AOV                   $            80.00
  Revenue               $        96,000.00
  Lift                                 10%
  New Conversion Rate                1.32%
  # of orders                         1,320
  Revenue               $       105,600.00
  Increase              $         9,600.00


                            8
#6 Get Personal




•   Don’t hide     Small Business sells
•   Connect with your customers
•   Provide means of contact
•   Tell your story… wait…
•   What is YOUR story?




                               9
#7 Continuity of Brand




                   10
#8 Don’t hang your customers out to dry
• Checkout is a critical step in the shopping experience
• Give shoppers every life line they need
 –   Chat
 –   Phone
 –   Email
 –   Security
 –   Trust
 –   Tracking
 –   About Us

 (yes, there is a great picture that goes here, but it shows in live presentations only)




                             11
#9 Simple Checkout




                 12
#10 Checkout Elements




                 13
Features To Help You Succeed
                      Your business can benefit from:
                         • Fully customizable checkout
                         • Cross-Sell
                         • Yahoo! Web Analytics
                         • Single-Use Coupons




                 14
Key Takeaways
• Tell your Story?
• Call the Cart the Cart
• Contact and trust elements above the fold
• Add to Cart that Pops
• Navigation Button Testing
• Get personal… don’t hide behind the internet
• Ensure Continuity of Brand
• Don’t hang your customers out to dry
• Simple, Clean Checkout
• Understand the metrics that are important
 – Conversion rates
 – Bounce rates
 – Who are your customers? (via Demographics in Yahoo! Web Analytics)



                       15
Yahoo! is Your Online Partner




            Mike Ober
       mober@yahoo-inc.com
         Twitter: mikeober
         16

E-Commerce Best Practices, Back to Basics - Yahoo! Merchant Summit

  • 1.
    E-Commerce Best Practices to Drive Conversion Michael Ober, Sr. Manager, Account Management
  • 2.
    Online Retailing Goals •Grow your revenue (of course!) • Maximize conversion rates • Increase average order value (AOV) • Maximize stickiness of your brand Accomplish the above by… • Understanding site traffic, customer engagement, problem areas • Identifying, targeting, refining key customer segments • Testing marketing and merchandising for maximum conversion 2
  • 3.
    Line up yourmarbles but… Don’t forget the basics! 3
  • 4.
    #1 What isyour Story? 4
  • 5.
    #2 Call theCart the Cart 5
  • 6.
    #3 Contact andTrust Elements Above the Fold 6
  • 7.
    #4 Add toCart that Pops! 7
  • 8.
    #5 Navigation ButtonTesting • Size • Color • Call to Action • Logo Unique Visitors 100,000 Conversion Rate 1.20% # of orders 1,200 AOV $ 80.00 Revenue $ 96,000.00 Lift 10% New Conversion Rate 1.32% # of orders 1,320 Revenue $ 105,600.00 Increase $ 9,600.00 8
  • 9.
    #6 Get Personal • Don’t hide Small Business sells • Connect with your customers • Provide means of contact • Tell your story… wait… • What is YOUR story? 9
  • 10.
  • 11.
    #8 Don’t hangyour customers out to dry • Checkout is a critical step in the shopping experience • Give shoppers every life line they need – Chat – Phone – Email – Security – Trust – Tracking – About Us (yes, there is a great picture that goes here, but it shows in live presentations only) 11
  • 12.
  • 13.
  • 14.
    Features To HelpYou Succeed Your business can benefit from: • Fully customizable checkout • Cross-Sell • Yahoo! Web Analytics • Single-Use Coupons 14
  • 15.
    Key Takeaways • Tellyour Story? • Call the Cart the Cart • Contact and trust elements above the fold • Add to Cart that Pops • Navigation Button Testing • Get personal… don’t hide behind the internet • Ensure Continuity of Brand • Don’t hang your customers out to dry • Simple, Clean Checkout • Understand the metrics that are important – Conversion rates – Bounce rates – Who are your customers? (via Demographics in Yahoo! Web Analytics) 15
  • 16.
    Yahoo! is YourOnline Partner Mike Ober mober@yahoo-inc.com Twitter: mikeober 16