#wwv12pj
Paul Johnson Head of Development Social Media Lead – @DrupalCon Europe Twitter:  @pdjohnson ask questions! Hashtag:  #wwv12pj Email:  [email_address] Web:  livelinkNewMedia.com
Who are LiveLink Drupal Experts Full service digital agency 360 digital strategy Ecommerce Email Social media SEM Software driven marketing solutions
What is it? Why do I need one? Identifying failure What can I do about it? Typical implementation Proof, it works! Questions The Revenue Engine
Multi-channel marketing platform Multi-step campaigns Email Text / SMS PDF – Direct Mail
Enterprise CMS 1.7% Internet Drupal Commerce Thousands contributed modules
Enterprise CMS 1.7% Internet Drupal Commerce Thousands contributed modules  FREE!
 
What is The Revenue Engine?
 
Top 1000 internet retailers http://www.listrak.com/Whitepaper/SCAIR1000/
Too complex No time Integration challenges Client buy in Cost? Why aren’t they (YOU) doing it?
PROVEN TECHNOLOGY
PROVEN TECHNOLOGY
TIGHT INTEGRATION
SIMPLE INSTALLATION EASY! No IT
READY IN MINUTES Auto Install No IT
TIGHT INTEGRATION DATA! Visitor
TIGHT INTEGRATION DATA! Timely Relevant Messages Visitor
What does it do? Converts visitors into customers Email Automation Personalised messages Manage abandoners Explode sales Boost loyalty Increase conversion
What can we track? User profiling Every purchase Basket contents, age, categories SKU’s Categories – full tree RFM Scoring - Key page visits Checkout state
MUST have campaigns Re-engagement Failed registration Registered not bought Abandoned checkout Bought once Upsell, cross sell Profile enrichment Satisfaction Anniversary of purchase
BENEFITS Agencies - Keep your clients longer Business – Convert and keep more customers
Why The Revenue Engine?
95% Typical Conversion How many visits to conversion? Your site Coupons Email Marketing CPC Social Media
95% Typical Conversion Average 3+ visits to conversion Your site Coupons Email Marketing CPC Social Media
95% Typical Conversion Temptation
95% Typical Conversion Beware the wandering eye Comparison sites Coupons Email Marketing CPC Social Media
66% Site traffic is NEW
66% Site traffic is NEW MOST PEOPLE NEVER RETURN
ever experienced that  terrible feeling of  being abandoned? http://www.listrak.com/Whitepaper/SCAIR1000
ever experienced that  terrible feeling of  being abandoned? http://www.listrak.com/Whitepaper/SCAIR1000 75%
ever experienced that  terrible feeling of  being abandoned? http://www.listrak.com/Whitepaper/SCAIR1000 75%  Getting Worse!
95% What’s your conversion rate? ?% Abandon
95% Typical Conversion 5% Abandon
85% Triggered Emails Abandon 15% Conversion rates 2 nd  Only to Direct Traffic
Identifying failure
5% Where did my visitors go? ?
30% Bounced 5%
30% Bounced 5% Poor landing page? Wrong traffic?
30% Bounced 5% Comparison / Researching
30% Bounced 5% Not in buying cycle Encourage to subscribe Email Social Media RSS Incentivise subscribes Want offers? Coupons VIP Club Exclusive products Early notification Comparison / Researching
30% Bounced 5% Comparison / Researching Site problems
30% Bounced 5% Comparison / Researching Site problems Cost – shipping, goods
30% Bounced 5% Comparison / Researching Site problems Cost – shipping, goods No time to checkout Basket Abandonment  What went wrong? Can we help? Comparison shopping? We’ve reserved your goods Time is running out
30% Bounced 5% Comparison / Researching Site problems Cost – shipping, goods No time to checkout Account problems
30% Bounced 5% Comparison / Researching Site problems Cost – shipping, goods No time to checkout Account problems 2 Step signup Grab email first Contact abandoners Failed Login management Auto email with password retrieve link
30% Bounced 5% Comparison / Researching Site problems Cost – shipping, goods No time to checkout Account problems Checkout
30% Bounced 5% Comparison / Researching Site problems Cost – shipping, goods No time to checkout Abandonment Management 3 Steps – increase urgency 15 min Can we help? What went wrong? 1hr Comparison shopping? Differentiate! 24 hr Incentives Coupons Account problems Checkout
What can we do about it?
Get connected!
Main Site Endorsements Minimum Clicks Call to action Get Social! Simple Navigation
Checking out One Page Checkout 2 Step Sign up Failed login watch Multiple payment methods One click, we have email Isolated from site
One Page Checkout Basket visible Offline Support Address Lookup Multiple Payment
Typical implementation
 
 
 
 
 
 
 
Case study
ROI
 
BEATS
REVENUE SOURCE #1
REVENUE BY SOURCE TOTAL REVENUE Search 29%
REVENUE BY SOURCE TOTAL REVENUE 13% Search Adwords 29%
REVENUE BY SOURCE TOTAL REVENUE 13% Search Adwords 29%
Open Rate Typical ecommerce email http://mailchimp.com/resources/research/email-marketing-benchmarks-by-industry/ 14.9%
Abandoned Checkout Management Open Open Open 15 min 1 hour 24 hour 18% 22% 29%
Abandoned Checkout Management Bailed Bought Conversion Revenue from failure 214 33
CTR Typical ecommerce email http://mailchimp.com/resources/research/email-marketing-benchmarks-by-industry/ 3.3%
CTR CTR CTR Satisfaction Survey Profile Enrichment Purchase Anniversary + 38% 42% 10%
Completion 2012 Checkout Conversion Completion 2010 Checkout Conversion 74%
ROI 14.8
Twitter:  @pdjohnson Hashtag:  #wwv12pj

The Revenue Engine - Drupal Commerce

Editor's Notes

  • #4 Manchester United Nike
  • #30 Most good web sites convert just 5% of visitors
  • #31 Most good web sites convert just 5% of visitors