While attending Magento Live Europe in Barcelona, Valentin Radu interviewed 51 participants on the topic of customer retention and customer-centricity. These are the insights coming out of this survey
While attending Magento Live Europe in Barcelona, Valentin Radu interviewed 51 participants on the topic of customer retention and customer-centricity. These are the insights coming out of this survey
Get Free in-depth analysis on key eCommerce trends 2021 & top platforms. The paper contains 2020 market report, first time reveals LitExtension inhouse data Type a message
Retailers, meet tomorrow’s power shoppers: Gen Z Adyen
Is your business ready for Gen Z? The world has been hyper-focused on how Millennials are changing our economy, especially in retail. But the next big shift will be driven by Generation Z.
Adyen commissioned an exclusive U.S. survey to understand the shopping habits and expectations of this impactful generational group. A sneak peek at the data about Gen Z:
- 60% think it’s important for brands to value their opinion
- 93% prefer to shop without help from a sales associate
- 70% are tastemakers who influence their family’s spending
- 48% expect to be able to return or exchange items bought online in a store
- 46% are using chat apps to communicate with brands
We know brick and mortar isn’t dead. But Generation Z is the most tech-savvy set of buyers yet. What do retailers need to know to prepare for the next wave of shoppers?
Download the full report on GenZ here http://bit.ly/2ydRDGL
E-commerce Berlin Expo 2017 - Diversify your Sales Channels - Avoid dependencyE-Commerce Berlin EXPO
Thomas Ficht Project Manager idealo Direktkauf
Short introduction into the German ecommerce eco-system and the sales channels that may be used by online shops. The different marketplaces will then be analysed in and compared. He will analyse why it is important to not only sell on certain marketplaces but diversify the marketplace-portfolio to ensure that dependencies do not become lethal for online shops.
Cart abandonment strategies and how the Irish compareAdrian O'Farrell
With Cart Abandonment rates averaging around 70%, how do e-commerce sites best deal with it? We take you through best practice, look at how many sites are achieving this, and how Irish sites compare to their international competitors.
While attending Magento Live Europe in Barcelona, Valentin Radu interviewed 51 participants on the topic of customer retention and customer-centricity. These are the insights coming out of this survey
Get Free in-depth analysis on key eCommerce trends 2021 & top platforms. The paper contains 2020 market report, first time reveals LitExtension inhouse data Type a message
Retailers, meet tomorrow’s power shoppers: Gen Z Adyen
Is your business ready for Gen Z? The world has been hyper-focused on how Millennials are changing our economy, especially in retail. But the next big shift will be driven by Generation Z.
Adyen commissioned an exclusive U.S. survey to understand the shopping habits and expectations of this impactful generational group. A sneak peek at the data about Gen Z:
- 60% think it’s important for brands to value their opinion
- 93% prefer to shop without help from a sales associate
- 70% are tastemakers who influence their family’s spending
- 48% expect to be able to return or exchange items bought online in a store
- 46% are using chat apps to communicate with brands
We know brick and mortar isn’t dead. But Generation Z is the most tech-savvy set of buyers yet. What do retailers need to know to prepare for the next wave of shoppers?
Download the full report on GenZ here http://bit.ly/2ydRDGL
E-commerce Berlin Expo 2017 - Diversify your Sales Channels - Avoid dependencyE-Commerce Berlin EXPO
Thomas Ficht Project Manager idealo Direktkauf
Short introduction into the German ecommerce eco-system and the sales channels that may be used by online shops. The different marketplaces will then be analysed in and compared. He will analyse why it is important to not only sell on certain marketplaces but diversify the marketplace-portfolio to ensure that dependencies do not become lethal for online shops.
Cart abandonment strategies and how the Irish compareAdrian O'Farrell
With Cart Abandonment rates averaging around 70%, how do e-commerce sites best deal with it? We take you through best practice, look at how many sites are achieving this, and how Irish sites compare to their international competitors.
Global Retail E-Commerce Index™ 2015 | A.T. KearneyKearney
In markets big and small, retail e-commerce is maintaining its impressive growth. The 2015 Global Retail E-Commerce Index highlights the big and the small: the countries that are always going to be e-commerce behemoths because of their size, and the smaller yet still-promising markets where potential matters more than size.
Criteo’s analysis of shopping data from Q4 2015 demonstrates that mobile leaders grew their share of transactions faster than average in a world where mobile devices are at the center of the connected consumer.
Top retailers see double the growth in mobile’s share of transactions, widening the gap with average retailers in the space.
Nearly four-in-ten transactions occurred on multiple devices and were completed on a mobile device almost a third of the time.
Dedicated shopping apps dwarf the mobile web at all points on the path to purchase, from browsing products to the sale itself.
Japan, UK and South Korea continue to lead the globe in mobile transactions, and smartphones are driving that growth.
- See more at: http://www.criteo.com/resources/mobile-commerce-report/#sthash.xZTLUxwi.dpuf
E-commerce Berlin Expo 2017 - Trends and digital advertising opportunities in...E-Commerce Berlin EXPO
Dominik Johnson Director Key Account Development Yandex
Russia is Europe's largest internet market, and its home grown search engine Yandex is the market leader, making it an essential channel for any organization wishing to reach a Russian audience. Dominik Johnson will cover key topics including successful strategies in Russia and rules to follow. Dominik will share insights and he will show you trends in several important segments which will help you to define your cross boarder strategy to grow.
Market Research Reports, Inc. has announced the addition of “Global Laboratory Information Management System (LIMS) Market 2015-2019” research report to their offering. See more at- http://mrr.cm/4xc
The Fevad Research Department performs, in-house or with different partners (official national and sectoral statistics institutes, survey and opinion institutes, professional federations…) permanent oversight of the economic performance of e-commerce markets. Each year it publishes a summary of the main data.
eCommerce trends from 2017 to 2018 by Divante.coDivante
We asked managers about their eCommerce investments last year and about investment plans for this year.
What are the most important trends, game changers and quick wins.
Download full version from: http://go.divante.co/ecommerce-trends-2018/
Trends we asked about:
Content Marketing
Big Data
Business Intelligence
Email Automation
Chatbots (Conversational Commerce)
Digital Content
Social Commerce
Cloud Hosting
Multimedia Content – better photos/…
Marketplaces
Omnichannel
Personalization
In-Store PickUp
Predictive Analytics
General Data Protection Regulation…
Automated Pricing Optimization
Automated Promotion Management
Free Shipping / Returns
In-Store Digital Touchpoints
Mobile App
Same Day Delivery
Drop Shipping
Order Management Systems
Other AI based tools
Own Brands
Personal Shopping
Price Intelligence
Progressive Web App (PWA)
Programmatic Ad Buying
Recommendation Systems
Customized Products
Data-driven Loyalty
Microservices Architecture
Online Security
Wearables
Algorithmic Driven Supply & Demand
Cross Border Commerce
Cryptocurrencies (Bitcoin / Ethereum)
mPayments
Open API Economy
Security
Subscription Business Models
Visual Search
Beacon Technology
Headless Approach
Serverless Architecture
IoT
Push Notification
Virtual Reality
Alexa and other voice interfaces
Drones
3D printing
„ShopMonitor“ - new dimension of e-commerce Web Analytics / Marek MolickiVladas Sapranavicius
The first site-centric measurement of e-shops in the world that gives you reliable benchmarks and without revealing your data shows to producers link between online spending and sales.
The April 2018 Edition of the latest retail industry trends that are disrupting the future of retail. The East leads the West in new retail models. Innovation is everywhere.
Startup Stage - Business Productivity Tools - Presentation by Ferran Jover, Co-Founder & CEO of Carnovo at the NOAH Conference London 2017, Old Billingsgate on the 2nd of November 2017.
IRCE 2018 Magento Straight Talk: The Ecommerce Fraud Index and How You Compar...Mike Cassidy
Signifyd's 2018 Ecommerce Fraud Index illustrates how eight retail verticals are vulnerable to various kinds of fraud and how those threats have changed over eight quarters. Signifyd Director of Merchant Advocacy Sourabh Kothari delivered a presentation on the index at IRCE on June 6, 2018.
This research focuses on the analysis of factors affecting the market share of retailers
in Vietnam. This research uses the 5Ss model of e-marketing to analyze, including Sell,
Serve, and Speak, Save, Sizzle. Both methods of quantitative and qualitative will be used
to conduct the study. In this study, the researchers collected information of customers,
managers, directors in 25 retailers in Vietnam. In each retailer, the researcher delivered
survey questionnaire to 15 people who are customers, managers and directors. The total
number of survey questionnaires delivered is 375 and 360 survey questionnaires were
collected. Research results showed that Cronbach’s Alpha of 05 factors affecting the
market share of the retailers is Sizzle (0.885), save (0.779), Sell (0.757), and Serve (0.709)
and Speak (0.708). This research has proposed some implications for the market share of
retailers, including technology enhancement for full message delivered, approaching to
target customers, improvement of product diversity.
A detailed study on fraud analysis of international trade on ecpommerce platf...Smriti Tikoo
When items of utility or services are bought or sold via electronic exchange of money over an online crafted platform it is called an ecommerce transaction. The beauty of this platform is it allows users to access from the cossy comfort of their homes and offers a variety of items to choose from and hassle free shipping and timely deliveries.
Global Retail E-Commerce Index™ 2015 | A.T. KearneyKearney
In markets big and small, retail e-commerce is maintaining its impressive growth. The 2015 Global Retail E-Commerce Index highlights the big and the small: the countries that are always going to be e-commerce behemoths because of their size, and the smaller yet still-promising markets where potential matters more than size.
Criteo’s analysis of shopping data from Q4 2015 demonstrates that mobile leaders grew their share of transactions faster than average in a world where mobile devices are at the center of the connected consumer.
Top retailers see double the growth in mobile’s share of transactions, widening the gap with average retailers in the space.
Nearly four-in-ten transactions occurred on multiple devices and were completed on a mobile device almost a third of the time.
Dedicated shopping apps dwarf the mobile web at all points on the path to purchase, from browsing products to the sale itself.
Japan, UK and South Korea continue to lead the globe in mobile transactions, and smartphones are driving that growth.
- See more at: http://www.criteo.com/resources/mobile-commerce-report/#sthash.xZTLUxwi.dpuf
E-commerce Berlin Expo 2017 - Trends and digital advertising opportunities in...E-Commerce Berlin EXPO
Dominik Johnson Director Key Account Development Yandex
Russia is Europe's largest internet market, and its home grown search engine Yandex is the market leader, making it an essential channel for any organization wishing to reach a Russian audience. Dominik Johnson will cover key topics including successful strategies in Russia and rules to follow. Dominik will share insights and he will show you trends in several important segments which will help you to define your cross boarder strategy to grow.
Market Research Reports, Inc. has announced the addition of “Global Laboratory Information Management System (LIMS) Market 2015-2019” research report to their offering. See more at- http://mrr.cm/4xc
The Fevad Research Department performs, in-house or with different partners (official national and sectoral statistics institutes, survey and opinion institutes, professional federations…) permanent oversight of the economic performance of e-commerce markets. Each year it publishes a summary of the main data.
eCommerce trends from 2017 to 2018 by Divante.coDivante
We asked managers about their eCommerce investments last year and about investment plans for this year.
What are the most important trends, game changers and quick wins.
Download full version from: http://go.divante.co/ecommerce-trends-2018/
Trends we asked about:
Content Marketing
Big Data
Business Intelligence
Email Automation
Chatbots (Conversational Commerce)
Digital Content
Social Commerce
Cloud Hosting
Multimedia Content – better photos/…
Marketplaces
Omnichannel
Personalization
In-Store PickUp
Predictive Analytics
General Data Protection Regulation…
Automated Pricing Optimization
Automated Promotion Management
Free Shipping / Returns
In-Store Digital Touchpoints
Mobile App
Same Day Delivery
Drop Shipping
Order Management Systems
Other AI based tools
Own Brands
Personal Shopping
Price Intelligence
Progressive Web App (PWA)
Programmatic Ad Buying
Recommendation Systems
Customized Products
Data-driven Loyalty
Microservices Architecture
Online Security
Wearables
Algorithmic Driven Supply & Demand
Cross Border Commerce
Cryptocurrencies (Bitcoin / Ethereum)
mPayments
Open API Economy
Security
Subscription Business Models
Visual Search
Beacon Technology
Headless Approach
Serverless Architecture
IoT
Push Notification
Virtual Reality
Alexa and other voice interfaces
Drones
3D printing
„ShopMonitor“ - new dimension of e-commerce Web Analytics / Marek MolickiVladas Sapranavicius
The first site-centric measurement of e-shops in the world that gives you reliable benchmarks and without revealing your data shows to producers link between online spending and sales.
The April 2018 Edition of the latest retail industry trends that are disrupting the future of retail. The East leads the West in new retail models. Innovation is everywhere.
Startup Stage - Business Productivity Tools - Presentation by Ferran Jover, Co-Founder & CEO of Carnovo at the NOAH Conference London 2017, Old Billingsgate on the 2nd of November 2017.
IRCE 2018 Magento Straight Talk: The Ecommerce Fraud Index and How You Compar...Mike Cassidy
Signifyd's 2018 Ecommerce Fraud Index illustrates how eight retail verticals are vulnerable to various kinds of fraud and how those threats have changed over eight quarters. Signifyd Director of Merchant Advocacy Sourabh Kothari delivered a presentation on the index at IRCE on June 6, 2018.
This research focuses on the analysis of factors affecting the market share of retailers
in Vietnam. This research uses the 5Ss model of e-marketing to analyze, including Sell,
Serve, and Speak, Save, Sizzle. Both methods of quantitative and qualitative will be used
to conduct the study. In this study, the researchers collected information of customers,
managers, directors in 25 retailers in Vietnam. In each retailer, the researcher delivered
survey questionnaire to 15 people who are customers, managers and directors. The total
number of survey questionnaires delivered is 375 and 360 survey questionnaires were
collected. Research results showed that Cronbach’s Alpha of 05 factors affecting the
market share of the retailers is Sizzle (0.885), save (0.779), Sell (0.757), and Serve (0.709)
and Speak (0.708). This research has proposed some implications for the market share of
retailers, including technology enhancement for full message delivered, approaching to
target customers, improvement of product diversity.
A detailed study on fraud analysis of international trade on ecpommerce platf...Smriti Tikoo
When items of utility or services are bought or sold via electronic exchange of money over an online crafted platform it is called an ecommerce transaction. The beauty of this platform is it allows users to access from the cossy comfort of their homes and offers a variety of items to choose from and hassle free shipping and timely deliveries.
PinDuoDuo: How they became the fastest growing commerce company everCathay Innovation
Pinduoduo, one of Cathay Innovation's portfolio companies, has rung the Nasdaq opening bell at a valuation of ~$30 billion! Here is a summary of what Pinduoduo has done to reach this amazing milestone.
www.cathayinnovation.com
[Sneak Peek] The Clear & Complete Guide to ABM AnalyticsEngagio
Measurement and metrics are critical in any facet of marketing, and ABM is no different. However, things have changed, and if you don't keep up, you'll be left behind by your competition. As B2B marketers transition from a lead-based world to an account-based world, the metrics and models used to analyze your marketing efforts have changed. Traditional demand-gen metrics aren’t enough. Account-based strategies call for account-based metrics and analytics.
In this presentation by Jon Miller, CEO, and Cofounder of Engagio, you'll get a sneak peek of his new book, The Clear and Complete Guide to ABM Analytics.
In this webinar, you'll discover:
–The core components to establish your ABM foundation
–5 new account metrics and how to measure them
–A framework for mapping account journeys in B2B marketing
–How to prove the ROI of your ABM efforts
–3 steps to getting started with the new ABM analytics
Download Engagio's Clear and Complete Guide to Account Based Marketing at Engagio.com/guide
Learn more about Engagio at Engagio.com
Twitter.com/Engagio
Linkedin.com/Company/Engagio
Facebook.com/Engagio
Philippine Automotive Industry Insights | AutoDeal | Q3 2018 Christopher Franks
It's not just about generating leads, but also understanding conversion. AutoDeal.com.ph, the Philippines no.1. automotive marketplace provides Insights on consumer behavior related to the Philippine automotive industry. Data focuses on car buyer preferences, online shopping behavior and lead-management fundamentals.
A broad view on e-commerce and affiliate marketing for 20 Europe countries, covering most important e-shops, industry trends, biggest affiliate networks, publishers and affiliates.
IAB Europe Report: Attitudes to Programmatic Advertising 2017Romain Fonnier
The third annual IAB Europe Attitudes to Programmatic report highlights four key findings:
Quality of advertising and transparency of fees are bottlenecks to investment
The business impacts of programmatic advertising beyond efficiencies are being realised
In-house strategies are becoming more prevalent
Investments in programmatic are set to continue to increase
Better campaign reporting and control on the buy-side and improved inventory control on the sell-side are now cited more frequently as business impacts than lower media costs and trading efficiencies.
It is also worth noting that whilst programmatic is most likely to be used for display and mobile campaigns, video is not far behind in terms of adoption. Indeed, programmatic video revenues increased by 155% in 2016 emphasising it as a key growth area.
In 2017 brand safety and fraud increased as barriers to investment for all stakeholder groups whilst viewability decreased as a barrier. Transparency of fees in the delivery chain is also a concern for advertisers and in response to IAB Europe formed its Transparency Working Group. The Working Group published a Transparency Guide with questions for stakeholders to ask of their supply chain partners in relation to fees. The guide also covers data and inventory source to address all key elements of programmatic trading.
The study shows that programmatic strategies are evolving and in-house operations becoming more prevalent. For example, a quarter of advertisers are now using an in-house model compared to just 16% in 2016, and the number of advertisers outsourcing to an agency has decreased. The number of agencies and publishers with in-house programmatic operations has also increased.
Looking forward to 2018, the majority of respondents state that they plan to further increase their programmatic trading activity.
Similar to eCommerce customer retention survey (20)
Trust Element Assessment: How Your Online Presence Affects Outbound Lead Gene...Martal Group
Learn how your business's online presence affects outbound lead generation and what you can do to improve it with a complimentary 13-Point Trust Element Assessment.
In the digital age, businesses are inundated with tools promising to streamline operations, enhance creativity, and boost productivity. Yet, the true key to digital transformation lies not in the accumulation of tools but in strategically integrating the right AI solutions to revolutionize workflows. Join Jordache, an experienced entrepreneur, tech strategist and AI consultant, as he explores essential AI tools across three critical categories—Ideation, Creation, and Operations—that can reshape the way your business creates, operates, and scales.This talk will guide you through the practicalities of selecting and effectively using AI tools that go beyond the basics of today’s popular tools like ChatGPT, Claude, Gemini, Midjourney, or Dall-E. For each category of tools, Jordache will address three crucial questions: What is each tool? Why is each one valuable to you as a business leader? How can you start using it in your workflow? This approach will not only clarify the role of these tools but also highlight their strategic value, making it perfect for business leaders ready to make informed decisions about integrating AI into their workflows.
Key Takeaways:
>> Strategic Selection and Integration: Understand how to select AI tools that align with your business goals and how to conceptually integrate them into your workflows to enhance efficiency and innovation.
>> Understanding AI Tool Categories: Gain a deeper understanding of how AI tools can be leveraged in the areas of ideation, creation, and operation—transforming each aspect of your business.
>> Practical Starting Points: Learn how you can start using these tools in your business with practical tips on initial steps and integration ideas.
>> Future-Proofing Your Business: Discover how staying informed about and utilizing the latest AI tools and strategies can keep your business competitive in a rapidly evolving digital landscape.
In today's digital world, customers are just a click away. "Grow Your Business Online: Introduction to Digital Marketing" dives into the exciting world of digital marketing, equipping you with the tools and strategies to reach new audiences, expand your reach, and ultimately grow your business.
website = https://digitaldiscovery.institute/
address = C 210 A Industrial Area, Phase 8B, Sahibzada Ajit Singh Nagar, Punjab 140308
Short video marketing has sweeped the nation and is the fastest way to build an online brand on social media in 2024. In this session you will learn:- What is short video marketing- Which platforms work best for your business- Content strategies that are on brand for your business- How to sell organically without paying for ads.
Capstone Project: Luxury Handloom Saree Brand
As part of my college project, I applied my learning in brand strategy to create a comprehensive project for a luxury handloom saree brand. Key aspects of this project included:
- *Competitor Analysis:* Conducted in-depth competitor analysis to identify market position and differentiation opportunities.
- *Target Audience:* Defined and segmented the target audience to tailor brand messages effectively.
- *Brand Strategy:* Developed a detailed brand strategy to enhance market presence and appeal.
- *Brand Perception:* Analyzed and shaped the brand perception to align with luxury and heritage values.
- *Brand Ladder:* Created a brand ladder to outline the brand's core values, benefits, and attributes.
- *Brand Architecture:* Established a cohesive brand architecture to ensure consistency across all brand touchpoints.
This project helped me gain practical experience in brand strategy, from research and analysis to strategic planning and implementation.
This session will aim to comprehensively review the current state of artificial intelligence techniques for emotional recognition and their potential applications in optimizing digital advertising strategies. Key studies developing AI models for multimodal emotion recognition from videos, images, and neurophysiological signals were analyzed to build content for this session. The session delves deeper into the current challenges, opportunities to help realize the full benefits of emotion AI for personalized digital marketing.
In this presentation, Danny Leibrandt explains the impact of AI on SEO and what Google has been doing about it. Learn how to take your SEO game to the next level and win over Google with his new strategy anyone can use. Get actionable steps to rank your name, your business, and your clients on Google - the right way.
Key Takeaways:
1. Real content is king
2. Find ways to show EEAT
3. Repurpose across all platforms
Mastering Dynamic Web Designing A Comprehensive Guide.pdfIbrandizer
Dynamic Web Designing involves creating interactive and adaptable web pages that respond to user input and change dynamically, enhancing user experience with real-time data, animations, and personalized content tailored to individual preferences.
It's another new era of digital and marketers are faced with making big bets on their digital strategy. If you are looking at modernizing your tech stack to support your digital evolution, there are a few can't miss (often overlooked) areas that should be part of every conversation. We'll cover setting your vision, avoiding siloes, adding a democratized approach to data strategy, localization, creating critical governance requirements and more. Attendees will walk away with actions they can take into initiatives they are running today and consider for the future.
What’s “In” and “Out” for ABM in 2024: Plays That Help You Grow and Ones to L...Demandbase
Delve into essential ABM ‘plays' that propel success while identifying and leaving behind tactics that no longer yield results. Led by ABM Experts, Jon Barcellos, Head of Solutions at Postal and Tom Keefe, Principal GTM Expert at Demandbase.
As the call for for skilled experts continues to develop, investing in quality education and education from a reputable https://www.safalta.com/online-digital-marketing/best-digital-marketing-institute-in-noida Digital advertising institute in Noida can lead to a a success career on this eve
Checkout Abandonment - CRO School by Mailmodosaba771143
Fear of abandonment’ means a whole different thing in eCommerce.
Because the loss is tangible. And felt right in your pocket.
But that also means there are real things you could fix.
One of the final stages of shopping abandonment occurs is the checkout page.
Which means it impacts your bottom line directly.
So here’s a rundown of:
→ Reasons shoppers abandon the checkout process
→ How other brands cope with these issues
→ Actionables to fix your checkout flow
Do it right, and you’ll feel the change in your revenue.
This is a part of our CRO School series - to help you fix the revenue leaks in your eCommerce store.
Sign up for CRO School and get these insights right in your inbox
(Visit the link to enroll ->https://www.mailmodo.com/cro-school/?utm_source=cro-school&utm_medium=slideshare )
#ecommerce
#cro
#cart
#abandonement
#checkout
#email
#course
#conversion
Everyone knows the power of stories, but when asked to come up with them, we struggle. Either we second guess ourselves as to the story's relevance, or we just come up blank and can't think of any. Unlocking Everyday Narratives: The Power of Storytelling in Marketing will teach you how to recognize stories in the moment and to recall forgotten moments that your audience needs to hear.
Key Takeaways:
Understand Why Personal Stories Connect Better
How To Remember Forgotten Stories
How To Use Customer Experiences As Stories For Your Brand
Most small businesses struggle to see marketing results. In this session, we will eliminate any confusion about what to do next, solving your marketing problems so your business can thrive. You’ll learn how to create a foundational marketing OS (operating system) based on neuroscience and backed by real-world results. You’ll be taught how to develop deep customer connections, and how to have your CRM dynamically segment and sell at any stage in the customer’s journey. By the end of the session, you’ll remove confusion and chaos and replace it with clarity and confidence for long-term marketing success.
Key Takeaways:
• Uncover the power of a foundational marketing system that dynamically communicates with prospects and customers on autopilot.
• Harness neuroscience and Tribal Alignment to transform your communication strategies, turning potential clients into fans and those fans into loyal customers.
• Discover the art of automated segmentation, pinpointing your most lucrative customers and identifying the optimal moments for successful conversions.
• Streamline your business with a content production plan that eliminates guesswork, wasted time, and money.
Come learn how YOU can Animate and Illuminate the World with Generative AI's Explosive Power. Come sit in the driver's seat and learn to harness this great technology.
Videos are more engaging, more memorable, and more popular than any other type of content out there. That’s why it’s estimated that 82% of consumer traffic will come from videos by 2025.
And with videos evolving from landscape to portrait and experts promoting shorter clips, one thing remains constant – our brains LOVE videos.
So is there science behind what makes people absolutely irresistible on camera?
The answer: definitely yes.
In this jam-packed session with Stephanie Garcia, you’ll get your hands on a steal-worthy guide that uncovers the art and science to being irresistible on camera. From body language to words that convert, she’ll show you how to captivate on command so that viewers are excited and ready to take action.
Enhancing a Luxury Furniture E-commerce Store with Expert Shopify ManagementSunTec India
SunTec India's expertise in Shopify store management has been a game-changer for a luxury furniture e-commerce business. Through meticulous optimization of product listings, strategic SEO practices, and an enhanced user experience, this case study details the successful outcomes of their collaboration, including increased traffic, higher conversion rates, and stronger brand presence.
Read more- https://shorturl.at/yl3MU
Enhancing a Luxury Furniture E-commerce Store with Expert Shopify Management
eCommerce customer retention survey
1. 1Omniconvert / 22 Oct 2018 / Survey conducted at Magento Live Europe 2018 (9-10 Oct 2018)
eCommerce
Customer
Retention Survey
2. 2Omniconvert / 22 Oct 2018 / Survey conducted at Magento Live Europe 2018 (9-10 Oct 2018)
“Eighty percent of CEOs believe they deliver superior
customer experience.
Only 8 percent of their customers agreed.”
Bain & Company survey
Source: https://www.cmswire.com/customer-experience/80-of-ceos-couldnt-be-wrong-could-they/
3. What to expect from this presentation
Omniconvert / 22 Oct 2018 / Survey conducted at Magento Live Europe 2018 (9-10 Oct 2018)
While attending Magento Live Europe 2018 in Barcelona, I took
the opportunity to address a couple of questions to the event
participants.
Objective: Understand their take on customer retention and
customer-centricity
This is what came out of that short onsite survey
4. 4Omniconvert / 22 Oct 2018 / Survey conducted at Magento Live Europe 2018 (9-10 Oct 2018)
51eCommerce
respondents took
the Retention
survey onsite @
Magento Live
eCommerce Manager, 34%
Developer, 24%
C-Level (CEO, CMO, CTO), 16%
Product, 12%
Other (Data, Solution), 14%
5. 5Omniconvert / 22 Oct 2018 / Survey conducted at Magento Live Europe 2018 (9-10 Oct 2018)
52%
of the respondents
come from Home &
Deco, Fashion and
Electronics
industries
6. 6Omniconvert / 22 Oct 2018 / Survey conducted at Magento Live Europe 2018 (9-10 Oct 2018)
65%
of all respondents
report high to
brutal competition
in their industries
We live in highly competitive times
Brutal, 27%
High, 37%
Quite, 22%
So and so, 14%
Shark pictogram created by Bakunetsu Kaito from the Noun Project
7. 7Omniconvert / 22 Oct 2018 / Survey conducted at Magento Live Europe 2018 (9-10 Oct 2018)
Participants reported these industries as being highly
competitive
Electronics
5 out of 6 participants
reported High and Brutal
competition in their markets
Fashion
9 out of 10 participants
reported High and Brutal
competition in their markets
Home & Deco
5 out of 10 participants
reported High and Brutal
competition in their markets
Sport apparel
3 out of 4 participants
reported High and Brutal
competition in their markets
Question asked: “How competitive is your market?”
8. With brutal competition and
limited markets, businesses
need to pivot towards retaining
customers for their growth
8Omniconvert / 22 Oct 2018 / Survey conducted at Magento Live Europe 2018 (9-10 Oct 2018)
9. “Growth is not a question of
acquisition, but one of
retention”
Anita Andrews, Director - Analytics Practice, Magento Services
9Omniconvert / 22 Oct 2018 / Survey conducted at Magento Live Europe 2018 (9-10 Oct 2018)
10. Only 28% of the eCommerce
companies reported that they
have someone responsible for
customer retention.
10Omniconvert / 22 Oct 2018 / Survey conducted at Magento Live Europe 2018 (9-10 Oct 2018)
11. 11Omniconvert / 22 Oct 2018 / Survey conducted at Magento Live Europe 2018 (9-10 Oct 2018)
Q: Do you have a budget allocated for customer retention?
63%
reported not having a
budget allocated to
customer retention.
12. 12
Omniconvert / 22 Oct 2018 / Survey conducted at Magento Live Europe 2018 (9-10 Oct 2018)
Q: Do you have someone responsible for retention?
72%
reported not having
a dedicated team or
individual focusing
on customer
retention.
13. Q: Correlation between revenue size and respondents answering YES to
having a dedicated person for customer retention
13Omniconvert / 22 Oct 2018 / Survey conducted at Magento Live Europe 2018 (9-10 Oct 2018)
– The bigger the revenue the higher
the chances for that company to
have someone responsible for
customer retention;
– Companies with >100M euro
revenue are the only ones that
reported having a special
department created for customer
retention
When correlating revenue size with customer retention focus
14. 14Omniconvert / 22 Oct 2018 / Survey conducted at Magento Live Europe 2018 (9-10 Oct 2018)
Low focus on retention is also seen in the KPIs monitored
Q: “What KPIs are you currently monitoring?”– There is still a big focus on
sales-driven KPIs (i.e. AOV and CAC)
– While Customer-centric KPIs (i.e.
Customer Retention and NPS) still
fall behind on the agenda.
– Only 25% participants report
measuring Customer retention Cost
→ only few participants are aware of
retention benefits.
15. “acquiring a new customer is anywhere from five to
25 times more expensive than retaining an existing
one.
[...] increasing customer retention rates by 5%
increases profits by 25% to 95%.”
Extract from Harvard Business Review article - The value of keeping the right customers
15Omniconvert / 22 Oct 2018 / Survey conducted at Magento Live Europe 2018 (9-10 Oct 2018)
Source: https://hbr.org/2014/10/the-value-of-keeping-the-right-customers
16. RFM Segmentation in Customer Retention
16Omniconvert / 22 Oct 2018 / Survey conducted at Magento Live Europe 2018 (9-10 Oct 2018)
Monetary
What’s the monetary value of all the orders
placed by a customer in his lifetime relationship
with your store
– RFM helps Marketers segment their
database into customer groups of different
values (i.e VIP, Active, Dormant, Lost)
– Through RFM Segmentation, online stores
can create personalized web / emailing
campaigns offering their customers
relevant experiences
– It also surfaces the most important
customer segment to consider
Frequency
How many orders
has a customer
placed in all his
lifetime relationship
with your store?
Recency
How recent did a
customer place an
order with your
store?
17. When asked about RFM Segmentation usage
17Omniconvert / 22 Oct 2018 / Survey conducted at Magento Live Europe 2018 (9-10 Oct 2018)
Only 24%
reported using RFM on their
customer database.
This may indicate that creating
personalized experiences for
customers is still a new process.
Most of the participants who
mentioned YES, correlate RFM
with email marketing.
Q: “Are you using RFM Segmentation?”
18. 18Omniconvert / 22 Oct 2018 / Survey conducted at Magento Live Europe 2018 (9-10 Oct 2018)
That’s it from my side
In conclusion I would like to
leave you with this
19. 19Omniconvert / 22 Oct 2018 / Survey conducted at Magento Live Europe 2018 (9-10 Oct 2018)
Growth is not an accident.
It’s the natural consequence
of retention.