Understand the role of alerts for shoppers and if the preference to control the information one receives outweighs the inbound email and advertising that dominates shopper inboxes and results.
n our 4th Annual Holiday survey conducted with Lauren Freedman of the eTailing group, we surveyed 1,000 shoppers right after Cyber Monday in early December, 2013. With four years of holiday shopper surveys, we are really starting to see some interesting trends emerge.
With the holiday season approaching, the research surveyed more than 2,000 American adult shoppers, exploring their current attitudes, habits, and use of technology as part of the shopping experience. It shows that to succeed during the holidays, retailers need to fix the disconnected shopping experiences, empower store associates with technology and target the trillion-dollar millennial consumer.”
Retailers respond positively when branded manufacturers send them online orders from their e-commerce sites. The survey found that retailers increase purchases from brands that send them online orders, stock more of their products, and see increased in-store sales. Additionally, retailers pay more attention to brands that launch retail-integrated e-commerce and will reduce working with brands that compete directly with retailers by selling online to consumers.
Content Jam 2014 - Lauren Freedman - Does Conversion Matter?Orbit Media Studios
Lauren will tackle the conundrum of conversion. As consumers connect via multiple channels, retailers face greater challenge in securing sales but ultimately measuring conversion behavior. Rather than focus on a “number,” her session will tackle how to trend conversion up sharing hard-learned lessons from 20-years of retailer selling. Topics will include:
Retail Conversion Trends-Industry Averages and KPI Highlights from the e-tailing group 2014 Merchant Survey
Conversion Challenges in the Age of Mobile
Tips to Drive Conversion up and Hazards to Avoid that Cause Abandonment
This document summarizes a study on consumer comparison shopping habits. The study found that consumers spend significant time searching for the lowest prices, with over half visiting 4 or more sites. They value the convenience of seeing competitive prices directly on a merchant's product pages. Merchants who provide this capability can increase customer loyalty and credibility. The document highlights examples of on-site competitive pricing tools and considers the benefits of building versus buying such a solution.
List of Marketing Capstone Project Ideas, if you are looking for a unique topic for the project. http://www.capstoneproposal.com/marketing-capstone-project-ideas/
The 2012 Parago Shopping Behavior Insights StudyЮниВеб
The document summarizes findings from a study on shopping behavior conducted by Parago in 2012. Some key findings include:
- Consumers remain extremely price sensitive and are willing to research prices and seek out deals, despite signs of economic recovery.
- Women are more price sensitive than men and aggressively seek out deals and promotions.
- Rebates and coupons remain very popular ways for consumers to save money.
- Frugal habits developed during the recession have become entrenched, and consumers prioritize price over brand.
How Seamless are You?
Accenture went on a journey to understand consumer preferences to shop seamlessly across channels
and the ability of retailers to deliver that seamless experience.
n our 4th Annual Holiday survey conducted with Lauren Freedman of the eTailing group, we surveyed 1,000 shoppers right after Cyber Monday in early December, 2013. With four years of holiday shopper surveys, we are really starting to see some interesting trends emerge.
With the holiday season approaching, the research surveyed more than 2,000 American adult shoppers, exploring their current attitudes, habits, and use of technology as part of the shopping experience. It shows that to succeed during the holidays, retailers need to fix the disconnected shopping experiences, empower store associates with technology and target the trillion-dollar millennial consumer.”
Retailers respond positively when branded manufacturers send them online orders from their e-commerce sites. The survey found that retailers increase purchases from brands that send them online orders, stock more of their products, and see increased in-store sales. Additionally, retailers pay more attention to brands that launch retail-integrated e-commerce and will reduce working with brands that compete directly with retailers by selling online to consumers.
Content Jam 2014 - Lauren Freedman - Does Conversion Matter?Orbit Media Studios
Lauren will tackle the conundrum of conversion. As consumers connect via multiple channels, retailers face greater challenge in securing sales but ultimately measuring conversion behavior. Rather than focus on a “number,” her session will tackle how to trend conversion up sharing hard-learned lessons from 20-years of retailer selling. Topics will include:
Retail Conversion Trends-Industry Averages and KPI Highlights from the e-tailing group 2014 Merchant Survey
Conversion Challenges in the Age of Mobile
Tips to Drive Conversion up and Hazards to Avoid that Cause Abandonment
This document summarizes a study on consumer comparison shopping habits. The study found that consumers spend significant time searching for the lowest prices, with over half visiting 4 or more sites. They value the convenience of seeing competitive prices directly on a merchant's product pages. Merchants who provide this capability can increase customer loyalty and credibility. The document highlights examples of on-site competitive pricing tools and considers the benefits of building versus buying such a solution.
List of Marketing Capstone Project Ideas, if you are looking for a unique topic for the project. http://www.capstoneproposal.com/marketing-capstone-project-ideas/
The 2012 Parago Shopping Behavior Insights StudyЮниВеб
The document summarizes findings from a study on shopping behavior conducted by Parago in 2012. Some key findings include:
- Consumers remain extremely price sensitive and are willing to research prices and seek out deals, despite signs of economic recovery.
- Women are more price sensitive than men and aggressively seek out deals and promotions.
- Rebates and coupons remain very popular ways for consumers to save money.
- Frugal habits developed during the recession have become entrenched, and consumers prioritize price over brand.
How Seamless are You?
Accenture went on a journey to understand consumer preferences to shop seamlessly across channels
and the ability of retailers to deliver that seamless experience.
The document provides insights from a survey of 1,000 US online shoppers on trends in ecommerce. Some key findings include: 1) Unexpected shipping costs were the top reason for cart abandonment (28%); 2) 54% of shoppers said they would purchase abandoned cart items with a discount; and 3) Reviews were important for purchase decisions for 55% of shoppers. The conclusions suggest testing mobile optimizations as usage increases, and that personalization and social media's influence require more refinement.
This session will focus on the opportunity for online affiliates to drive consumers into physical stores on a CPA basis. This is a huge opportunity and represents the next frontier of our industry.
Jonathan Treiber, CEO, RevTrax
Marketing intelligence at your fingertips. AgilOne Digital Edition gives you access tol key customer trends across your email and web channels – including revenue trends, sources, average order value and much more.
Boomerang Insights 2016 Consumer Electronics ReportMichelle Ai
This document analyzes the consumer electronics category and competitive landscape. It finds that Amazon still leads in selection with millions of items, while Walmart and Newegg come closest in matching Amazon's selection through their marketplace models. Best Buy has improved the most in price competitiveness compared to Amazon and other retailers. The analysis also shows that while Walmart has a strong product selection overlap with Amazon, its prices are often higher, negatively impacting its price perception among customers.
The document discusses findings from research on how in-store shoppers use mobile devices. It finds that 84% of smartphone shoppers use their devices in stores, with 82% using search engines to browse product information. Frequent mobile users spend 25% more in stores than occasional users. Across categories, most common in-store mobile activities are price comparisons and finding store information. The implications are that mobile is integral to shopping, and retailers should meet shoppers' needs by providing product information on mobile.
2016 ups pulse of the online shopper_executive summary_finalHung Vu
This document provides an overview and summary of key findings from the 2016 UPS Pulse of the Online Shopper study. Some of the main trends covered include the growing importance of mobile shopping, with over half of purchases now made on smartphones; the influence of social media on purchasing decisions; the major role of third-party marketplaces in e-commerce; and consumers' openness to alternative delivery locations and notifications regarding deliveries. The document also discusses preferences around returns and highlights opportunities for retailers to enhance the omnichannel shopping experience.
Bridging The Gap Between Online and OfflineAgilOne
In this webinar, you’ll learn methods for merging the physical and digital identities of your customers for an accurate view of behavior across channels, what information is critical to enabling omni-channel success, and how to align marketing with consumer expectations throughout their lifecycle.
The document summarizes the key findings of Zebra Technologies' 2019 Shopper Vision Study, which surveyed shoppers, retail associates, and decision makers. Some of the main findings included:
- There are perception gaps between what shoppers want from the in-store experience versus what associates and decision makers think they want, such as in delivery options for out-of-stock items.
- Shoppers feel they have better access to store information using their mobile devices than associates. Associates report limited capabilities to help shoppers due to lack of access to customer information and mobile technologies.
- Decision makers recognize the need to equip associates with mobile technologies to improve customer service and close perception gaps.
- Shoppers
Although money is being poured into the online experience the physical retail store remains an important channel in the experience for customers. However, a disparity is emerging between the expectations customers have and the investment retailers are making. While retailers believe enough is being done to re-imagine the physical store experience, customers disagree. In this paper we explore the disparity and what to do about it.
This document discusses the history and evolution of personalization from manually targeting small groups to using a single platform and machine learning to personalize experiences at scale. It provides examples of how Dynamic Yield's platform is used by companies to automatically personalize webpages, recommendations, messages and more based on user attributes. Machine learning algorithms help identify the most effective personalization strategies and segment audiences for predictive targeting.
TC Media - Insights from the 2013 Shopper Journey StudyIAB Canada
At IAB Canada's X-Series: Metrics event on December 4, 2013, TC Media presented an in-depth look at the shopper landscape in Canada. Rich data points can be found within this presentation.
The document summarizes key findings from a study on omni-channel retail experiences. It found that consumers expect consistency across retail touchpoints and have rising expectations for personalization. Most consumers and retailers see consistency as important for building loyalty. While many retailers aim to provide personalized experiences, opportunities remain to better integrate data and create single customer views. Discovering new products and impulse purchases are also important drivers for retailers.
Transformation of Search Summit - The Era of Ecommerce - October 2018Clark Boyd
New research from ClickZ and Catalyst has found that the ecommerce customer journey is nonlinear and nonexclusive. Consumers visit Amazon and Google in great quantities, but there are numerous other, important retailers that advertisers largely ignore. This presentation highlights the key findings from the new report, as discussed at the Transformation of Search Summit in New York.
Best Buy faces competition from online retailers who can offer lower prices. While Best Buy has higher operating costs for its physical stores, it also provides a valuable in-person shopping experience. The document evaluates alternatives for Best Buy and recommends that it invest in improving its stores and online platform while focusing on customer experience rather than just price to better compete against online retailers.
81% des utilisateurs utilisent désormais leurs terminaux mobiles pour rechercher des produits avant de se rendre en magasin. L’étude note par ailleurs qu’en un an les smartphones ont remplacé les tablettes comme vecteurs privilégiés d’achats retail.
Les deux tiers des acheteurs font leur recherche préalable à la maison.
Baynote’s Third Annual Holiday Shopping Survey strives to understand the changing behavior of the US consumer and provide insight for retailers so that you can better plan and prepare for great results next holiday season
1) The document discusses how data is the bedrock of consumer experience and how retailers can use data to personalize experiences for shoppers.
2) It notes that high performing retailers are more likely than underperformers to prioritize data in key areas like governance, agility, and security.
3) The document advocates that retailers adopt three "shopper-first mandates" - make it fresh by constantly renewing offerings, be where shoppers are through omnichannel presence, and give shopping meaning through loyalty programs and charitable initiatives.
The Era of Omni-Commerce: New Insights for Dominating the Digital Shelf and B...Catalyst
This document provides a summary of key insights from a landscape study on the state of ecommerce in 2021. The study was based on surveys of 500 online purchasers and 209 marketers/sales professionals. It found that shopper expectations prioritize convenience and discovery across platforms. Retailers lead in site visits pre-purchase, but social media and search are important for inspiration and discovery. The power of product detail pages was also highlighted, with nearly half of online purchasers visiting them at purchase time. The importance of a cross-channel approach and integrating media across platforms to eliminate waste was discussed. Measurement of success was found to be achievable for most traditional advertising but less so for emerging options. The growth of online grocery
The document discusses consumer online shopping behavior with reference to Flipkart. It covers how consumers prefer to receive product information, the different types of buying behaviors, and factors that influence consumer decisions. Marketers play an important role in marketing programs by conducting research, designing strategies, and advertising. Measuring post-purchase behavior and ensuring positive customer experiences are also discussed. The effects of the COVID-19 pandemic on e-commerce are addressed, along with trends that will shape the future of online shopping.
Online Shopper in 2016 : All Grown Up
To help brands understand increasingly sophisticated shopper behaviour, DigitasLBi has launched, for the fifth consecutive year, a study of consumer behaviour in 15 countries: Australia, Belgium, China, Denmark, France, Germany, Hong-Kong, India, Italy, Holland, Singapore, Spain, Sweden, UK and USA.
This year the study was focused uniquely on shoppers who had declared a purchase in the last 30 days, in order to analyze in depth the context of the purchase.
The document summarizes the results of a survey of over 15,000 users of the ScanLife Mobile app. It finds that 52% of respondents use coupon apps more than once a week, with the most popular types of apps being fitness, music, news, and social media. When interested in a new product, 57% of respondents learn more by visiting a store, with 16% using social media and 20% doing online searches. The document also includes statistics on respondents' music and movie preferences, dining and grocery shopping habits, and use of coupons.
The document provides insights from a survey of 1,000 US online shoppers on trends in ecommerce. Some key findings include: 1) Unexpected shipping costs were the top reason for cart abandonment (28%); 2) 54% of shoppers said they would purchase abandoned cart items with a discount; and 3) Reviews were important for purchase decisions for 55% of shoppers. The conclusions suggest testing mobile optimizations as usage increases, and that personalization and social media's influence require more refinement.
This session will focus on the opportunity for online affiliates to drive consumers into physical stores on a CPA basis. This is a huge opportunity and represents the next frontier of our industry.
Jonathan Treiber, CEO, RevTrax
Marketing intelligence at your fingertips. AgilOne Digital Edition gives you access tol key customer trends across your email and web channels – including revenue trends, sources, average order value and much more.
Boomerang Insights 2016 Consumer Electronics ReportMichelle Ai
This document analyzes the consumer electronics category and competitive landscape. It finds that Amazon still leads in selection with millions of items, while Walmart and Newegg come closest in matching Amazon's selection through their marketplace models. Best Buy has improved the most in price competitiveness compared to Amazon and other retailers. The analysis also shows that while Walmart has a strong product selection overlap with Amazon, its prices are often higher, negatively impacting its price perception among customers.
The document discusses findings from research on how in-store shoppers use mobile devices. It finds that 84% of smartphone shoppers use their devices in stores, with 82% using search engines to browse product information. Frequent mobile users spend 25% more in stores than occasional users. Across categories, most common in-store mobile activities are price comparisons and finding store information. The implications are that mobile is integral to shopping, and retailers should meet shoppers' needs by providing product information on mobile.
2016 ups pulse of the online shopper_executive summary_finalHung Vu
This document provides an overview and summary of key findings from the 2016 UPS Pulse of the Online Shopper study. Some of the main trends covered include the growing importance of mobile shopping, with over half of purchases now made on smartphones; the influence of social media on purchasing decisions; the major role of third-party marketplaces in e-commerce; and consumers' openness to alternative delivery locations and notifications regarding deliveries. The document also discusses preferences around returns and highlights opportunities for retailers to enhance the omnichannel shopping experience.
Bridging The Gap Between Online and OfflineAgilOne
In this webinar, you’ll learn methods for merging the physical and digital identities of your customers for an accurate view of behavior across channels, what information is critical to enabling omni-channel success, and how to align marketing with consumer expectations throughout their lifecycle.
The document summarizes the key findings of Zebra Technologies' 2019 Shopper Vision Study, which surveyed shoppers, retail associates, and decision makers. Some of the main findings included:
- There are perception gaps between what shoppers want from the in-store experience versus what associates and decision makers think they want, such as in delivery options for out-of-stock items.
- Shoppers feel they have better access to store information using their mobile devices than associates. Associates report limited capabilities to help shoppers due to lack of access to customer information and mobile technologies.
- Decision makers recognize the need to equip associates with mobile technologies to improve customer service and close perception gaps.
- Shoppers
Although money is being poured into the online experience the physical retail store remains an important channel in the experience for customers. However, a disparity is emerging between the expectations customers have and the investment retailers are making. While retailers believe enough is being done to re-imagine the physical store experience, customers disagree. In this paper we explore the disparity and what to do about it.
This document discusses the history and evolution of personalization from manually targeting small groups to using a single platform and machine learning to personalize experiences at scale. It provides examples of how Dynamic Yield's platform is used by companies to automatically personalize webpages, recommendations, messages and more based on user attributes. Machine learning algorithms help identify the most effective personalization strategies and segment audiences for predictive targeting.
TC Media - Insights from the 2013 Shopper Journey StudyIAB Canada
At IAB Canada's X-Series: Metrics event on December 4, 2013, TC Media presented an in-depth look at the shopper landscape in Canada. Rich data points can be found within this presentation.
The document summarizes key findings from a study on omni-channel retail experiences. It found that consumers expect consistency across retail touchpoints and have rising expectations for personalization. Most consumers and retailers see consistency as important for building loyalty. While many retailers aim to provide personalized experiences, opportunities remain to better integrate data and create single customer views. Discovering new products and impulse purchases are also important drivers for retailers.
Transformation of Search Summit - The Era of Ecommerce - October 2018Clark Boyd
New research from ClickZ and Catalyst has found that the ecommerce customer journey is nonlinear and nonexclusive. Consumers visit Amazon and Google in great quantities, but there are numerous other, important retailers that advertisers largely ignore. This presentation highlights the key findings from the new report, as discussed at the Transformation of Search Summit in New York.
Best Buy faces competition from online retailers who can offer lower prices. While Best Buy has higher operating costs for its physical stores, it also provides a valuable in-person shopping experience. The document evaluates alternatives for Best Buy and recommends that it invest in improving its stores and online platform while focusing on customer experience rather than just price to better compete against online retailers.
81% des utilisateurs utilisent désormais leurs terminaux mobiles pour rechercher des produits avant de se rendre en magasin. L’étude note par ailleurs qu’en un an les smartphones ont remplacé les tablettes comme vecteurs privilégiés d’achats retail.
Les deux tiers des acheteurs font leur recherche préalable à la maison.
Baynote’s Third Annual Holiday Shopping Survey strives to understand the changing behavior of the US consumer and provide insight for retailers so that you can better plan and prepare for great results next holiday season
1) The document discusses how data is the bedrock of consumer experience and how retailers can use data to personalize experiences for shoppers.
2) It notes that high performing retailers are more likely than underperformers to prioritize data in key areas like governance, agility, and security.
3) The document advocates that retailers adopt three "shopper-first mandates" - make it fresh by constantly renewing offerings, be where shoppers are through omnichannel presence, and give shopping meaning through loyalty programs and charitable initiatives.
The Era of Omni-Commerce: New Insights for Dominating the Digital Shelf and B...Catalyst
This document provides a summary of key insights from a landscape study on the state of ecommerce in 2021. The study was based on surveys of 500 online purchasers and 209 marketers/sales professionals. It found that shopper expectations prioritize convenience and discovery across platforms. Retailers lead in site visits pre-purchase, but social media and search are important for inspiration and discovery. The power of product detail pages was also highlighted, with nearly half of online purchasers visiting them at purchase time. The importance of a cross-channel approach and integrating media across platforms to eliminate waste was discussed. Measurement of success was found to be achievable for most traditional advertising but less so for emerging options. The growth of online grocery
The document discusses consumer online shopping behavior with reference to Flipkart. It covers how consumers prefer to receive product information, the different types of buying behaviors, and factors that influence consumer decisions. Marketers play an important role in marketing programs by conducting research, designing strategies, and advertising. Measuring post-purchase behavior and ensuring positive customer experiences are also discussed. The effects of the COVID-19 pandemic on e-commerce are addressed, along with trends that will shape the future of online shopping.
Online Shopper in 2016 : All Grown Up
To help brands understand increasingly sophisticated shopper behaviour, DigitasLBi has launched, for the fifth consecutive year, a study of consumer behaviour in 15 countries: Australia, Belgium, China, Denmark, France, Germany, Hong-Kong, India, Italy, Holland, Singapore, Spain, Sweden, UK and USA.
This year the study was focused uniquely on shoppers who had declared a purchase in the last 30 days, in order to analyze in depth the context of the purchase.
The document summarizes the results of a survey of over 15,000 users of the ScanLife Mobile app. It finds that 52% of respondents use coupon apps more than once a week, with the most popular types of apps being fitness, music, news, and social media. When interested in a new product, 57% of respondents learn more by visiting a store, with 16% using social media and 20% doing online searches. The document also includes statistics on respondents' music and movie preferences, dining and grocery shopping habits, and use of coupons.
The Ultimate Guide To F&B e-commerce statistic in SEA and VN.2014Johnny Tri Dung
The file brings you near to all needed info and data for F&B e-commerce in either SEA or VN with detailed case studies from Europe. Hope you all enjoy!
eMarketer moderates a special presentation with Danielle King Sherman, vice president at Kelton Research and Bill Schneider, vice president of product marketing at SheerID. Watch as they uncover findings from their latest consumer study which surveyed 1,000 shoppers on what factors motivate them to try a new brand, make a first purchase and shop more frequently.
Friend, Foe or Frenemy: Unpacking Online ShoppingNumerator
This document provides a summary of Numerator's insights into online shopping trends and how different online fulfillment options are driving e-commerce growth. Some key findings include:
- Subscription purchases see the highest brand loyalty while click & collect is more popular than ship-to-home for perishable goods.
- Households that start shopping a category online spend more both per trip and on the overall category compared to pre-online shopping.
- Most categories see a marginal reduction in offline spending once online purchases begin.
- Numerator's data and insights can help brands and retailers optimize their online strategies, digital shelf placement, and fulfillment options.
The Ultimate Ecommerce Q1 Survival Webinar - USNosto
Explore the season’s 10 most common revenue damaging issues and learn about tried and tested recommendations to deal with them through real-life examples.
Q4 Product Advertising Strategy for Retail Brand Manufacturers & SuppliersTinuiti
How retail brands and suppliers should approach the holiday shopping season on Amazon and with other big box retailers like Costco, Best Buy, and Walmart.
The document discusses findings from research on how in-store shoppers use mobile devices. It finds that 84% of smartphone shoppers use their devices in stores, with 82% using search engines to browse product information. Frequent mobile users spend 25% more in stores than occasional users. While mobile price comparisons are common across categories, search remains the primary resource for product research. The implications are that mobile is integral to marketing strategy and can influence shopping paths and basket sizes.
The document discusses findings from research on how in-store shoppers use mobile devices. It finds that 84% of smartphone shoppers use their devices in stores, with 82% using search engines to browse product information. Frequent mobile users spend 25% more in stores than occasional users. Across categories, most common in-store mobile activities are price comparisons and finding store information. The implications are that mobile is integral to shopping, and retailers should meet shoppers' needs by providing product information on mobile.
The document discusses findings from research on how in-store shoppers use mobile devices. It finds that 84% of smartphone shoppers use their devices in stores, with 82% using search engines to browse product information. Frequent mobile users spend 25% more in stores than occasional users. Across categories, most common in-store mobile activities are price comparisons and finding store information. The implications are that mobile is integral to shopping, and retailers should meet shoppers' needs by providing product information on mobile.
How in store shoppers are using mobile devicesIan Beckett
The document summarizes research on how shoppers use mobile devices in stores. It finds that 84% of smartphone owners use their devices to help with in-store shopping. Mobile influences purchasing by allowing price comparisons and information searches, and frequent mobile users spend 25% more. Shoppers rely on search engines for product information instead of asking employees. Mobile use cuts across all categories and empowers shoppers with convenience and savings. The implications are that mobile marketing is essential, mobile can drive customers to and within stores, and businesses must address showrooming.
How Mobile Is Transforming the Shopping Experience in StoresMaría Bretón Gallego
The document summarizes research on how shoppers use mobile devices in stores. It finds that 84% of smartphone owners use their devices to help with in-store shopping. Mobile search is the primary way shoppers access product information in stores. Shoppers who use mobile devices more frequently and for longer periods in stores tend to spend more. The document provides implications for businesses, advising them to embrace mobile as integral to reaching customers throughout the shopping process.
Mobile Research Study from Google & M/A/R/C ResearchNigel Mark Dias
Mobile In-Store Research
How in-store shoppers are using mobile devices
Research created in conjunction with: Google Shopper Marketing Agency Council, Research collaboration with Google, M/A/R/C Research, and top shopper
marketing agencies to uncover the role & opportunities for mobile in the shopping experience.
Impacto de móviles en la tiendas
Los efectos de la compra por el móvil y el comportamiento de los usuarios.
Mobile influye en el proceso de compra y aumenta el tamaño de la cesta. Los consumidores utilizan sus teléfonos para una variedad de actividades antes, durante y después de sus experiencias en las tiendas comerciales
The document discusses findings from research on how in-store shoppers use mobile devices. It finds that 84% of smartphone shoppers use their devices in stores, with 82% using search engines to browse product information. Frequent mobile users spend 25% more in stores than occasional users. Across categories, most common in-store mobile activities are price comparisons and finding store information. The implications are that mobile is integral to shopping, and retailers should meet shoppers' needs by providing product information on mobile.
Similar to Lauren Freedman E-Tailing Group Study On Consumer Alerting (20)
Secrets of a Successful Sale: Optimizing Your Checkout ProcessAggregage
https://www.onlineretailtoday.com/frs/26905197/secrets-of-a-successful-sale--optimizing-your-checkout-process
Once upon a time, in the vast realm of online commerce, there lived a humble checkout button overlooked by many. Yet, within its humble click lay the power to transform a mere visitor into a loyal customer. 🧐 💡
Getting checkout right can mark the difference between a successful sale and an abandoned cart, yet many businesses fail to make payments a part of their commerce strategy even when it has a direct impact on revenue. But payments are just one part of a chain. What’s the next touch point? How do you use the data sitting behind a payment to find the next loyal customer?
In this session you’ll learn:
• The integral relationship between payment experience and customer satisfaction
• Proven methods for optimizing the checkout journey
• Leveraging payments data for personalized marketing and enhanced customer loyalty
• Gain invaluable insights into consumer behavior across online and offline channels through data
2. - PAGE 2 -the e-tailing group
Survey Objective
Understand the role of alerts for shoppers and if
the preference to control the information one
receives outweighs the inbound email and
advertising that dominates shopper inboxes and
results
3. - PAGE 3 -the e-tailing group
Proposed Findings
• Email’s relevancy has declined over the past year causing
shoppers to further ignore them and unsubscribe even more than
in the past
• Shoppers like to use the product page for more than purchasing.
The product page is multi-dimensional where consumer-controlled
alerts are valuable to shoppers.
• Digital advertising and retargeting are becoming overwhelming.
Not only are shoppers ignoring those ads more frequently, they’ve
begun to block receipt of these ads as well.
• Shoppers are concerned with the level of data that retailers are
collecting about them
4. - PAGE 4 -the e-tailing group
Methodology and Sample Summary
• 1,029 consumers completed an
online questionnaire in
September 2015
– 52% female/48% male
– Researched products online 4 or
more times in the past year
– Purchased at least 2 products per
month online in a typical month
11%
22%
18%
22%
27%
18-24
25-34
35-44
45-54
55+
What is your age?
Q1-4
5. - PAGE 5 -the e-tailing group
Topline Findings
• Shoppers see significant value in all alerts particularly price
– ½ of shoppers would opt in for price alerts
– While some shoppers have set up these alerts comparable percentages report
not having the opportunity
– Younger shoppers and women see greater value in product page alerts
• Shoppers are particularly interested in out of stock alerts
– 2 in 3 are willing to sign up for these alerts
– Out of stocks often result in lost sales to competitors
• Wishlists are an organizational tool for shoppers to save and shop more so than
sharing where alerts are also welcome
• An overabundance of email is causing more shoppers to consider unsubscribing
with a 1-click opt out to do so of interest
• Personalization efforts still receive an average grade while shoppers express
concern about data collection and its implications
6. - PAGE 6 -the e-tailing group
Shoppers seek a deal as the majority of shoppers see
products they would purchase on sale but never full price
55%
37%
9%
I see a fair amount of products that
I would buy if/when they go on sale
or clearance, but would never buy
at full price
I see a large percentage of
products that I’d consider buying
if/when they go on sale or
clearance, but would never buy at
full price
I will simply pay full price rather
than wait for alerts that prices have
dropped on products I’m interested
in
Which of the following statements best reflects
your shopping behavior as it relates to price?
Select one.
Q12
7. - PAGE 7 -the e-tailing group
43% of shoppers would wait for the sale if they had the time
43%
37%
14%
6%
If I have the time, I will usually wait
for the sale
If I think the price is fair, I'm likely
to buy immediately (versus waiting
for a future sale)
If I need something soon/now, I
would buy immediately
If I have the time, I will sometimes
wait for the sale
For products you intend to buy now or in the
near future, how often would you wait for that
product to go on sale versus buying it
immediately?
Q14
8. - PAGE 8 -the e-tailing group
8 out of 10 shoppers find value in price and back in stock
alerts
80%
78%
76%
68%
57%
50%
Alert that notifies you when the price of a
product on a website has dropped
Alert that notifies you when an out-of-
stock product is back in stock
Alert that notifies you when an item(s) on a
wish list or gift registry has dropped in
price
Alert that notifies you when the price of
products you have liked or pinned via
social media has dropped
Alert that notifies you when new products
from a particular brand (Uggs, Under
Armour, etc.) are available
Alert that notifies you when a new review
(positive or negative) has been posted on
any product that you are thinking about
How valuable would the following email alerts be when
visiting a retailer’s product page?
Top-2: Highly/Somewhat Valuable
Q5
New products
and new review
alerts are also
valued by 1 in 2
shoppers
9. - PAGE 9 -the e-tailing group
Deal-minded shoppers interested in large numbers of
products see greater value in alerts
Large number of
products of
interest but
would never pay
full price
Fair number of
products of
interest but
would never pay
full price
Alert that notifies you when the price of a product on a website has dropped 61% 39%
Alert that notifies you when an out-of-stock product is back in stock 52% 35%
Alert that notifies you when the price of products you have liked or pinned via
social media has dropped
43% 30%
Alert that notifies you when an item(s) on a wish list or gift registry has dropped
in price
53% 39%
Alert that notifies you when new products from a particular brand (Uggs, Under
Armour, etc.) are available
32% 19%
Alert that notifies you when a new review (positive or negative) has been posted
on any product that you are thinking about purchasing in the future
28% 17%
Cross-tab: Q. Which of the following statements bests reflects your shopping behavior as it
relates to price. Select one.
Q. How valuable would the following email alerts be
when visiting a retailer’s product page?
Highly Valuable
Q12 vs. Q5
10. - PAGE 10 -the e-tailing group
Interest in alerts is stronger among younger shoppers
18-24 25-34 35-44 45-54 55+
Alert that notifies you when the price of a
product on a website has dropped
56% 54% 52% 42% 38%
Alert that notifies you when an out-of-stock
product is back in stock
46% 44% 47% 38% 37%
Alert that notifies you when the price of products
you have liked or pinned via social media has
dropped
35% 41% 41% 31% 29%
Alert that notifies you when an item(s) on a wish
list or gift registry has dropped in price
50% 47% 49% 39% 38%
Alert that notifies you when new products from a
particular brand (Uggs, Under Armour, etc.) are
available
20% 28% 31% 21% 20%
Alert that notifies you when a new review
(positive or negative) has been posted on any
product that you are thinking about purchasing
in the future
21% 24% 30% 16% 18%
How valuable would the following email alerts be when visiting a
retailer’s product page?
Highly Valuable
Q4 vs. Q5
11. - PAGE 11 -the e-tailing group
Women find alerts slightly more valuable than males
Male Female
Alert that notifies you when the price of a product on a
website has dropped
43% 50%
Alert that notifies you when an out-of-stock product is
back in stock
37% 46%
Alert that notifies you when the price of products you
have liked or pinned via social media has dropped
32% 37%
Alert that notifies you when an item(s) on a wish list or
gift registry has dropped in price
38% 48%
Alert that notifies you when new products from a
particular brand (Uggs, Under Armour, etc.) are
available
24% 24%
Alert that notifies you when a new review (positive or
negative) has been posted on any product that you are
thinking about purchasing in the future
21% 22%
How valuable would the following email alerts be when visiting a
retailer’s product page?
Highly Valuable
Q3 vs. Q5
12. - PAGE 12 -the e-tailing group
Half of shoppers would frequently opt in to get price
alerts when made available on the product page
17%
33%
32%
13%
5%
All the time
Frequently
Some of the time
Once in a while
Never
If a product page had a button alongside the Add
to Cart button saying Get Price Alerts for emails
just when the product goes on sale, how often
would you opt-in and enter your email to get
alerted?
Q14
13. - PAGE 13 -the e-tailing group
Almost 40% of shoppers have taken advantage of either
back-in stock or price drop alerts
42%
39%
31%
20%
15%
14%
9%
Alert that notifies you when a product is back in
stock
Alert that notifies you when the price of a product
on a website has dropped
I haven't been able to set up alerts on any
shopping sites
Alert that notifies you when an item(s) on a wish
list or registry has dropped in place
Alert that notifies you when new products from a
particular manufacturer (Uggs, Under Armour,
etc.) are available
Alert that notifies you when the price of products
you have liked or pinned via social media has
dropped
Alert that notifies you when new content (reviews,
etc.) regarding a particular manufacturer (Uggs,
Under Armour, etc.) has been posted
Which of these alerts have you already taken advantage of on a
retailer’s website? Check all that apply.
Q7
1 in 3 shoppers
have not been
able to set up
alerts on any
shopping sites
14. - PAGE 14 -the e-tailing group
Almost half of shoppers rarely or never encounter alerts
when shopping online
13%
40%
31%
16%
Frequently
Sometimes
Rarely
Never
How often have you encountered opportunities
to set up these kinds of alerts when shopping
online?
Q6
15. - PAGE 15 -the e-tailing group
Shoppers are proactive with almost half going to search
engines or competitors when encountering out of stocks
50%
43%
33%
17%
6%
I go to my favorite search engine to
see where the product might be
available
I immediately go to a competitor to
see if they have the product in
stock
I hunt around but usually check
back to see if the product comes
back in stock
It negatively affects my opinion of
that retailer
I am less likely to shop from that
retailer in the future
What is your reaction when you encounter
products that are out of stock on a retail
website? Check all that apply.
Q8
16. - PAGE 16 -the e-tailing group
2 out of 3 shoppers would be likely to leave their email to
receive a back in stock alert
25%
41%
19%
10%
5%
Very Likely
Somewhat Likely
Neither Likely nor Unlikely
Somewhat Unlikely
Not at all Likely
If you come across a product that is out of stock,
how likely would you be to leave your email
address to get alerted when the product is back
in stock?
Q9
17. - PAGE 17 -the e-tailing group
2 out of 3 shoppers sometimes create and utilize their
own wish lists
71%
69%
42%
32%
Created a wish list
Returned to your wish list to make a
purchase
Shopped from a wish list that was shared
with you
Shared a wish list with others
Shoppers have the ability to create, manage and shop
from Wish Lists that store products of interest identified
as favorites or added in the course of shopping. How
often have you done each of the following?
Top-2: Frequently/Sometimes
Q10
1 in 3 have shopped a
shared wish list or
shared one of their own
18. - PAGE 18 -the e-tailing group
The majority of shoppers would set up wish list alerts for
stock status and price drops
20%
32%
30%
13%
5%
All of the time
Most of the time
Some of the time
Once in awhile
Never
If you could set up a Wish List or a Favorites List that would
automatically send you emails updating the stock status or any
price drops on designated items, how often would you use this
feature in your shopping?
Q11
19. - PAGE 19 -the e-tailing group
Half of shoppers take advantage of social sharing alerts
at least some of the time
8%
16%
23%
20%
33%
All the time
Frequently
Some of the time
Once in a while
Never
How often do you share products via the social
icons found on product pages (Facebook,
Twitter, Pinterest, Houzz, etc.)?
Q12
1 in 3 never share
products with peers
20. - PAGE 20 -the e-tailing group
56% of shoppers would be likely to set up new model alerts
17%
39%
26%
12%
6%
Highly Likely
Somewhat Likely
Neither Likely nor Unlikely
Somewhat Unlikely
Not at all Likely
If you could set up alerts when a newer model/version of
a product is available or when new product from a
particular brand is available, how likely would you be to
do that?
Q16
21. - PAGE 21 -the e-tailing group
With email overload, almost 1 in 2 shoppers would consider
unsubscribing even from retailers where they frequently buy
47%
42%
24%
12%
When I receive too much email from a
retailer where I rarely buy, I often
unsubscribe
When I receive too much email from a
retailer where I frequently buy, I sometimes
consider unsubscribing
I rarely read marketing email and always
delete
As I’m reading much more of my email on
my mobile device, I tend to ignore it more
than when had looked at it on my desktop
How would you define the volume/quality of email
marketing you receive from shopping sites? Check all
that apply.
Q17
Almost half
would
unsubscribe
from those
retailers where
they rarely buy
22. - PAGE 22 -the e-tailing group
More than 1 in 4 shoppers would be highly likely to
unsubscribe via a 1-click service
28%
35%
25%
9%
3%
Highly Likely
Somewhat Likely
Neither Likely nor Unlikely
Somewhat Unlikely
Not at all Likely
If there was a way to unsubscribe from all
marketing email with 1-click, how likely might
you be to do this?
Q18
The majority
would be
somewhat likely
23. - PAGE 23 -the e-tailing group
Shoppers would receive a B-/C+ grade for efforts in
personalizing the shopping experience
13%
38%
38%
7%
4%
A=Site experiences are always personalized
and relevant making browse and buy
behavior strong
B=Site experiences are mostly personalized
and relevant making browse and buy
behavior strong
C=While some site experiences are
personalized and relevant others are lacking
in their efforts
D=Current personalization across retail sites
is not as personalized or relevant as i might
like it to be
F=Retailers are failing in their efforts to
deliver personalized and relevant shopping
experiences
Over the past years, retailers have invested significant time
into personalizing the shopping experience. If you had to give
them a grade that reflects how valuable those efforts have
been, how would you score their efforts?
Q19
24. - PAGE 24 -the e-tailing group
56% of shoppers are concerned with current data collection
56%
29%
24%
17%
11%
Though it’s part of the online shopping
experience, I’m becoming more
concerned about data collection
Marketers should be both careful and
measured in what information they
capture
It’s part of the online shopping
experience so i’ve simply come to expect
it without any cause for concern
I’ve started to use blocking software (or
incognito mode) to prevent personal
information collection
I’m willing to sacrifice my privacy in
exchange for a more personalized
shopping experience
What are your sentiments about the amount of
private & personal data that is captured when
shopping online? Check all that apply.
Q20
25. - PAGE 25 -the e-tailing group
Next Steps
• Agree on topline results and key press
points
• Press release collaboration
• Thought leadership one pager or
editorial article
THANK YOU
Lauren Freedman
LF@e-tailing.com
773-975-7280
www.e-tailing.com