SlideShare a Scribd company logo
HOLIDAY WRAP-UP: THE EVOLUTION OF A
CONTENT-DRIVEN COMMERCE BUSINESS
Charlie Cole
@CharlieCole
CEO
The Line
Charlie@theline.com
www.linkedin.com/in/charliecole
Who are you?
• EVP, Fashion + Retail: Assembled Brands
– Acting CEO of two investments
• Previously: VP, E-Commerce
– Schiff Nutrition
– Lucky Brand
What is The Line?
• Lifestyle site targeted
at women
• Offline, non-ground
floor retail store
support
• AOV > $500
• No promotions (thus
far)
Holiday Challenges
• Offline, non-ground floor retail store support
• AOV > $500
• No promotions (thus far)
• (Yes, these are the exact same bullets that
describe who we are on the previous slide)
What motivates a shopper during the holidays?
• Be different
• Be efficient
• Be thoughtful, personal
• Be on time
How thinking like The Line can help you during the holidays
• Differentiate not on price
– Exclusive products
– Events
– Content
– Relationships
PRODUCTS
Exclusive Products
Exclusive Products
Exclusive Products
Exclusive Products
EVENTS
Events
CONTENT
Content
• What are people expecting from you?
• How can you delight them?
And what should you expect, look for in the holidays?
• How do you analyze a time with naturally
different buying habits?
– Also applicable to:
• Promotional periods
• New arrivals
Dashboards
Dashboards
Dashboards
More detail: Conversion Funnel
• At what point in a customer’s journey are they
transacting?
• Should you be thinking about your
communication strategy for the holidays… in
August?
Example: Last Click vs. First Click Interaction
• Google Analytics -> Conversions -> Attribution
MCF Channel Grouping Last Click # Transactions First Click # of Transactions
Direct 26085 17985
Other Paid Marketing 18175 21445
Organic Search 16105 18815
Paid Search 4250 5035
Referral 4210 5450
Social Network 655 760
Example: Top Conversion Paths
• Google
Analytics ->
Conversions
-> Multi-
Channel
Funnels ->
Path Length
Path Length in Interactions % of Total
1 21.13%
2 14.35%
3 10.67%
4 6.18%
5 5.28%
6 3.61%
7 2.37%
8 2.05%
9 1.29%
10 0.82%
11 1.32%
12+ 30.93%
Executive Summary
• Differentiate on more than price (or reap the
margin consequences next year)
• Think beyond a day-by-day strategy, or even a
Q4 only strategy
• Understand your limitations on your business
based on real traffic + real inventory

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#MITXECS - Holiday Wrap-Up: The Evolution of a Content-Driven Commerce Business

  • 1. HOLIDAY WRAP-UP: THE EVOLUTION OF A CONTENT-DRIVEN COMMERCE BUSINESS Charlie Cole @CharlieCole CEO The Line Charlie@theline.com www.linkedin.com/in/charliecole
  • 2. Who are you? • EVP, Fashion + Retail: Assembled Brands – Acting CEO of two investments • Previously: VP, E-Commerce – Schiff Nutrition – Lucky Brand
  • 3. What is The Line? • Lifestyle site targeted at women • Offline, non-ground floor retail store support • AOV > $500 • No promotions (thus far)
  • 4. Holiday Challenges • Offline, non-ground floor retail store support • AOV > $500 • No promotions (thus far) • (Yes, these are the exact same bullets that describe who we are on the previous slide)
  • 5. What motivates a shopper during the holidays? • Be different • Be efficient • Be thoughtful, personal • Be on time
  • 6. How thinking like The Line can help you during the holidays • Differentiate not on price – Exclusive products – Events – Content – Relationships
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  • 16. Content • What are people expecting from you? • How can you delight them?
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  • 41. And what should you expect, look for in the holidays? • How do you analyze a time with naturally different buying habits? – Also applicable to: • Promotional periods • New arrivals
  • 45. More detail: Conversion Funnel • At what point in a customer’s journey are they transacting? • Should you be thinking about your communication strategy for the holidays… in August?
  • 46. Example: Last Click vs. First Click Interaction • Google Analytics -> Conversions -> Attribution MCF Channel Grouping Last Click # Transactions First Click # of Transactions Direct 26085 17985 Other Paid Marketing 18175 21445 Organic Search 16105 18815 Paid Search 4250 5035 Referral 4210 5450 Social Network 655 760
  • 47. Example: Top Conversion Paths • Google Analytics -> Conversions -> Multi- Channel Funnels -> Path Length Path Length in Interactions % of Total 1 21.13% 2 14.35% 3 10.67% 4 6.18% 5 5.28% 6 3.61% 7 2.37% 8 2.05% 9 1.29% 10 0.82% 11 1.32% 12+ 30.93%
  • 48. Executive Summary • Differentiate on more than price (or reap the margin consequences next year) • Think beyond a day-by-day strategy, or even a Q4 only strategy • Understand your limitations on your business based on real traffic + real inventory