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[WEBINAR] Winning in B2B e-commerce: How ibSupply grew Site
Search revenue by 40%
2
+
Monal Patel
SVP & CBO, Unbxd
Harley Thomas
Sr. Director, Corporate & Digital
Marketing, ibSUPPLY.COM
GUEST SPEAKER PRESENTER
2
MEET TODAY’S SPEAKERS
3
Harley H. Thomas is a Senior Director of Corporate and Digital
marketing at ibSupply. An award-winning, customer-centered
marketing executive, Harley lends his strategic expertise to drive
business development and marketing communication functions that
increases brand awareness and ensures revenue growth. He is also
the host for ibSupply’s Blind Living Radio Podcast and has over 25
years of experience in the e-commerce and retail industry.
Harley Thomas - Sr. Director, Corporate & Digital
Marketing - ibSupply.com
MEET TODAY’S SPEAKERS
At Unbxd, Monal helps eCommerce companies solve their product
discovery problems and create growth by providing new and
improved approaches to decision making. Monal has 15+ years of
experience in the software & retail industry and is a seasoned
speaker at major eCommerce events like Etail West, MivaCon,
Fashion Digital, Etail East, etc. Monal holds a Masters degree in
Engineering from the University of Southern California.
Monal Patel - SVP & CBO UNBXD Inc.
4
ABOUT UNBXD
LEADING PRODUCT DISCOVERY PLATFORM FOR ECOMMERCE
1200+ eTail customers in over 40 countries. 400+ eTail customers in US.
Over 1.5 Billion Interactions/Month
5 5
CUSTOM
6
 On ibSupply and site search
 The higher stakes of B2B site search
 Unbxd’s Site Search solution
 Evaluating and choosing a site search technology partner
 Meeting consumer expectations in the B2B world
AGENDA
 Leading office and industrial supplies online retailer operated by ibMilwaukee, which
was founded in 1952.
 $100M revenue. Over 13 stores across different parts of the USA
 Significant portion of repeat customers are from the US Government and Military
 Launched online store (earlier BaseSupply.com) in 2001
ABOUT ibSUPPLY
7
Why did investing in site search become so important?
8
B2B SITE SEARCH HAS
HIGHER STAKES
9
 Our customers are buyers not shoppers
 Extremely high lost opportunity cost
 Essential to engage potential buyers
10
THE GOAL
Delivering a robust search experience
at scale, specifically for B2B buyers
What are the key changes that improved site search experience on
ibSupply.com?
11
THE SOLUTION
12
DELIVERING THE BEST B2B
SITE SEARCH EXPERIENCE ON ibSUPPLY.COM
13
Addressing Unique B2B Buyer Behavior
14
OPTIMIZING THE SEARCH EXPERIENCE
FOR REPEAT BUYERS
15
Problem: Part number searches not supported by
standard search platforms
What we did with Unbxd: Supporting part number
searches with Intelligent Visual Autocomplete
 Accomodating multiple errors and variations
common with part number searches
 Reducing the buyer’s path to purchase with
Intelligent Visual Autocomplete
Part Number Search
ENABLING EASIER DECISION MAKING FOR B2B BUYERS
16
Problem: Numerous product choices with
only slight variation in specifications
What we did with Unbxd: Helping buyers
make informed decisions with relevant
and dynamic facets and filters
 Assisting buyers in identifying
important comparison parameters
 Reaching the right products faster with
easy drill down
Customized Filters for the
Searched Query
An End-to-End Superior Site Search
Experience at Scale
17
AN END-TO-END
SUPERIOR SEARCH
EXPERIENCE AT SCALE
18
 Connecting buyers to the right products
 Helping buyers reach these
products faster
 Seamless search experience at scale
HOW UNBXD’S TECHNOLOGY
WORKS
19
20
ENHANCING PRODUCT DATA TO IMPROVE SEARCH
RELEVANCE
Examples of Crucial Meta Data in Product
Descriptions
Product data now made searchable:
Thickness property type : Thin
Visual property type : Transparent
Weight type : Lightweight
21
MACHINE LEARNING ALGORITHMS MATCH SEARCH QUERY TO
SHOPPER INTENT
Shopper searches for
“Logitech Black Wireless Keyboard”
Stage 1: Query gets split into
Logitech ‘Black’ ‘wireless’ ‘Keyboard’
Logitech ‘Black’ ‘wireless’ ‘Keyboard’
Stage 2: Processing & Data Enrichment
Keyboard : Product Type
Black : Color Attribute
Wireless : Product Attribute
Logitech : Product Brand
22
UNDERSTAND SHOPPER INTENT BY LEVERAGING DIFFERENT
QUERY PARAMETERS
Query Spectrum
 Exact Search
 Product Type
 Symptom
 Non Product Search
Query Qualifier
 Feature
 Thematic
 Relational
 Compatibility
 Subjective
Query Structure
 Slang, Abbreviation & Symbol Search – ‘MTB’ for “Mountain bikes”
 Implicit – Search for “brown tops” when in “women’s” category
 Natural Language – “Women’s Dresses for Office”
– “Kitchenaid mixer”
– “Women’s Tshirt”
– “Diabetes”
– “Free shipping”
– “Black dresses”
– “Party tops”
– “Michael Kors Miranda collection”
– “Moto X case”
– “High quality speakers”
23
UNBXD’S MACHINE LEARNING ENGINE CONSTANTLY SELF-
LEARNS AND OPTIMIZES YOUR SEARCH
24
ELIMINATE ZERO RESULT PAGES WITH AUTOMATED, MULTI-
WORD SPELL CHECK CORRECTION
Unbxd : A Successful
Technology Partner For ibSupply.Com
25
RESULTS: B2B SITE SEARCH DIRECTLY DRIVES
REVENUE GROWTH AT SCALE
26
“I don’t look at Unbxd as just a technology platform. It’s a partnership to develop my business,
which ultimately means we’re meeting our customer’s needs better and faster. This partnership
helps us focus on our core business.” – Harley Thomas
40%
INCREASE IN
TOTAL REVENUE
FROM SITE
SEARCH
35%
INCREASE IN
REVENUE PER
SEARCH
SESSION
22%
INCREASE IN
SEARCH
CONVERSION
RATE
11%
INCREASE IN
AVERAGE
ORDER
VALUE
POLL
27
What made you choose Unbxd?
28
MANAGING
SITE SEARCH INTERNALLY:
NOT FEASIBLE ANYMORE
29
We realized working on SOLR would require:
 Extensive manual configurations on an ongoing
basis
 Involvement of a full-time dedicated resource
 Months of programming and still we
might not be able to deliver the
expected search experience
WHY UNBXD STOOD OUT
DURING THE EVALUATION
PROCESS
30
 Superior technology solution
 Strong engineering-focused sales team
 Added great value to our B2B business
with consultative, solution-oriented
approach
Experience Before and After Unbxd
31
32
INFLUENCING PRODUCT RANKINGS IN
SEARCH RESULTS TO MEET BUSINESS GOALS
Easily set up Boost/Bury rules
based on product parameters
33
AUTOMATICALLY REDIRECT SEARCH QUERIES TO YOUR
CATEGORY PAGES
34
ACTIONABLE INSIGHTS TO CONSTANTLY OPTIMIZE FOR
USABILITY AND REVENUE GROWTH
Clear overview of how search is
impacting your topline growth
Drill-down to spot missed
opportunities at each stage of the
conversion funnel
35
DEDICATED CUSTOMER
SUCCESS TEAM
 Pro-active involvement to help us achieve the
desired outcome
 Quick response time
MEETING CONSUMER EXPECTATIONS IN THE B2B WORLD
36
GIVE THEM WHAT THEY WANT
37
60% B2B buyers said they’d like better site search on suppliers’ e-commerce sites
GIVE THEM WHAT THEY WANT
38
83% B2B buyers like to research products on sellers’ websites (Google being their second choice)
QUESTIONS?
39
THANK YOU!
MONAL PATEL
monal@unbxd.com
302-276-4673
40

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Webinar ib_supply - Dec' 2016

  • 1. [WEBINAR] Winning in B2B e-commerce: How ibSupply grew Site Search revenue by 40%
  • 2. 2 + Monal Patel SVP & CBO, Unbxd Harley Thomas Sr. Director, Corporate & Digital Marketing, ibSUPPLY.COM GUEST SPEAKER PRESENTER 2
  • 3. MEET TODAY’S SPEAKERS 3 Harley H. Thomas is a Senior Director of Corporate and Digital marketing at ibSupply. An award-winning, customer-centered marketing executive, Harley lends his strategic expertise to drive business development and marketing communication functions that increases brand awareness and ensures revenue growth. He is also the host for ibSupply’s Blind Living Radio Podcast and has over 25 years of experience in the e-commerce and retail industry. Harley Thomas - Sr. Director, Corporate & Digital Marketing - ibSupply.com
  • 4. MEET TODAY’S SPEAKERS At Unbxd, Monal helps eCommerce companies solve their product discovery problems and create growth by providing new and improved approaches to decision making. Monal has 15+ years of experience in the software & retail industry and is a seasoned speaker at major eCommerce events like Etail West, MivaCon, Fashion Digital, Etail East, etc. Monal holds a Masters degree in Engineering from the University of Southern California. Monal Patel - SVP & CBO UNBXD Inc. 4
  • 5. ABOUT UNBXD LEADING PRODUCT DISCOVERY PLATFORM FOR ECOMMERCE 1200+ eTail customers in over 40 countries. 400+ eTail customers in US. Over 1.5 Billion Interactions/Month 5 5 CUSTOM
  • 6. 6  On ibSupply and site search  The higher stakes of B2B site search  Unbxd’s Site Search solution  Evaluating and choosing a site search technology partner  Meeting consumer expectations in the B2B world AGENDA
  • 7.  Leading office and industrial supplies online retailer operated by ibMilwaukee, which was founded in 1952.  $100M revenue. Over 13 stores across different parts of the USA  Significant portion of repeat customers are from the US Government and Military  Launched online store (earlier BaseSupply.com) in 2001 ABOUT ibSUPPLY 7
  • 8. Why did investing in site search become so important? 8
  • 9. B2B SITE SEARCH HAS HIGHER STAKES 9  Our customers are buyers not shoppers  Extremely high lost opportunity cost  Essential to engage potential buyers
  • 10. 10 THE GOAL Delivering a robust search experience at scale, specifically for B2B buyers
  • 11. What are the key changes that improved site search experience on ibSupply.com? 11
  • 13. DELIVERING THE BEST B2B SITE SEARCH EXPERIENCE ON ibSUPPLY.COM 13
  • 14. Addressing Unique B2B Buyer Behavior 14
  • 15. OPTIMIZING THE SEARCH EXPERIENCE FOR REPEAT BUYERS 15 Problem: Part number searches not supported by standard search platforms What we did with Unbxd: Supporting part number searches with Intelligent Visual Autocomplete  Accomodating multiple errors and variations common with part number searches  Reducing the buyer’s path to purchase with Intelligent Visual Autocomplete Part Number Search
  • 16. ENABLING EASIER DECISION MAKING FOR B2B BUYERS 16 Problem: Numerous product choices with only slight variation in specifications What we did with Unbxd: Helping buyers make informed decisions with relevant and dynamic facets and filters  Assisting buyers in identifying important comparison parameters  Reaching the right products faster with easy drill down Customized Filters for the Searched Query
  • 17. An End-to-End Superior Site Search Experience at Scale 17
  • 18. AN END-TO-END SUPERIOR SEARCH EXPERIENCE AT SCALE 18  Connecting buyers to the right products  Helping buyers reach these products faster  Seamless search experience at scale
  • 20. 20 ENHANCING PRODUCT DATA TO IMPROVE SEARCH RELEVANCE Examples of Crucial Meta Data in Product Descriptions Product data now made searchable: Thickness property type : Thin Visual property type : Transparent Weight type : Lightweight
  • 21. 21 MACHINE LEARNING ALGORITHMS MATCH SEARCH QUERY TO SHOPPER INTENT Shopper searches for “Logitech Black Wireless Keyboard” Stage 1: Query gets split into Logitech ‘Black’ ‘wireless’ ‘Keyboard’ Logitech ‘Black’ ‘wireless’ ‘Keyboard’ Stage 2: Processing & Data Enrichment Keyboard : Product Type Black : Color Attribute Wireless : Product Attribute Logitech : Product Brand
  • 22. 22 UNDERSTAND SHOPPER INTENT BY LEVERAGING DIFFERENT QUERY PARAMETERS Query Spectrum  Exact Search  Product Type  Symptom  Non Product Search Query Qualifier  Feature  Thematic  Relational  Compatibility  Subjective Query Structure  Slang, Abbreviation & Symbol Search – ‘MTB’ for “Mountain bikes”  Implicit – Search for “brown tops” when in “women’s” category  Natural Language – “Women’s Dresses for Office” – “Kitchenaid mixer” – “Women’s Tshirt” – “Diabetes” – “Free shipping” – “Black dresses” – “Party tops” – “Michael Kors Miranda collection” – “Moto X case” – “High quality speakers”
  • 23. 23 UNBXD’S MACHINE LEARNING ENGINE CONSTANTLY SELF- LEARNS AND OPTIMIZES YOUR SEARCH
  • 24. 24 ELIMINATE ZERO RESULT PAGES WITH AUTOMATED, MULTI- WORD SPELL CHECK CORRECTION
  • 25. Unbxd : A Successful Technology Partner For ibSupply.Com 25
  • 26. RESULTS: B2B SITE SEARCH DIRECTLY DRIVES REVENUE GROWTH AT SCALE 26 “I don’t look at Unbxd as just a technology platform. It’s a partnership to develop my business, which ultimately means we’re meeting our customer’s needs better and faster. This partnership helps us focus on our core business.” – Harley Thomas 40% INCREASE IN TOTAL REVENUE FROM SITE SEARCH 35% INCREASE IN REVENUE PER SEARCH SESSION 22% INCREASE IN SEARCH CONVERSION RATE 11% INCREASE IN AVERAGE ORDER VALUE
  • 28. What made you choose Unbxd? 28
  • 29. MANAGING SITE SEARCH INTERNALLY: NOT FEASIBLE ANYMORE 29 We realized working on SOLR would require:  Extensive manual configurations on an ongoing basis  Involvement of a full-time dedicated resource  Months of programming and still we might not be able to deliver the expected search experience
  • 30. WHY UNBXD STOOD OUT DURING THE EVALUATION PROCESS 30  Superior technology solution  Strong engineering-focused sales team  Added great value to our B2B business with consultative, solution-oriented approach
  • 31. Experience Before and After Unbxd 31
  • 32. 32 INFLUENCING PRODUCT RANKINGS IN SEARCH RESULTS TO MEET BUSINESS GOALS Easily set up Boost/Bury rules based on product parameters
  • 33. 33 AUTOMATICALLY REDIRECT SEARCH QUERIES TO YOUR CATEGORY PAGES
  • 34. 34 ACTIONABLE INSIGHTS TO CONSTANTLY OPTIMIZE FOR USABILITY AND REVENUE GROWTH Clear overview of how search is impacting your topline growth Drill-down to spot missed opportunities at each stage of the conversion funnel
  • 35. 35 DEDICATED CUSTOMER SUCCESS TEAM  Pro-active involvement to help us achieve the desired outcome  Quick response time
  • 36. MEETING CONSUMER EXPECTATIONS IN THE B2B WORLD 36
  • 37. GIVE THEM WHAT THEY WANT 37 60% B2B buyers said they’d like better site search on suppliers’ e-commerce sites
  • 38. GIVE THEM WHAT THEY WANT 38 83% B2B buyers like to research products on sellers’ websites (Google being their second choice)