Fa, La, La... 30 Last Minute Tricks to Maximize Holiday Selling
Transcription
Fa, La, La... 30 Last Minute Tricks to Maximize Holiday Selling
Fa, La, La... 30 Last Minute Tricks to Maximize Holiday Selling An Intelligent Selling ® whitepaper from MarketLive © >> www.marketlive.com A proprietary report by the e-tailing group, inc. October, 2012 >> www.e-tailing.com Fa, La, La... 30 Minute Tricks to Maximize Holiday Selling Fa, La, La... 30 Minute Tricks to Maximize Holiday Selling the e-tailing group the e-tailing group is a niche e-commerce consultancy that helps merchants to deliver the right customer experience on their websites and across all of their channels while adeptly assisting technology companies to create and execute go-to-market strategies that simultaneously educate the retail community and deliver cost-effective thought leadership and lead generation. For more background about our research or for additional information on the e-tailing group, inc. please contact Lauren Freedman, President the e-tailing group inc, via email at LF@e-tailing.com, by phone to 773-975-7280 or visit the e-tailing group website www.e-tailing.com. MarketLive, Inc. MarketLive incorporates time-proven eCommerce acumen, technologies and services to over 160 retail websites generating over $2 Billion in sales annually. Since 1995, MarketLive, Inc. has focused exclusively on providing eCommerce solutions that successfully sell goods and services online. These technology, service, and professional service solutions form the basis of strong retail businesses. We understand that the intelligent way to sell online is to create a path to purchase on consumer behavior and preferences. Our proven Intelligent Selling methodology guides retailers through marketing and merchandising principles that reflect this approach. With MarketLive, retailers build and maintain sites that deliver a rich shopping experience, form brand loyalty, optimize revenues, and overall business performance. This is MarketLive Intelligent Commerce. For more information about this whitepaper, contact MarketLive, Inc. www.marketlive.com 877-341-5729 Fa, La, La... 30 Minute Tricks To Maximize Holiday Selling www.marketlive.com © MarketLive, Inc. 2012 2 Fa, La, La... 30 Minute Tricks to Maximize Holiday Selling Fa, La, La... 30 Minute Tricks to Maximize Holiday Selling FOUR KEY THEMES SET THE TONE FOR HOLIDAY SHOPPING The Holiday 2012 shopping season is upon us and all signs indicate that eCommerce will once again grab market share from traditional retail. In order to put the season in perspective, we once again joined forces with MarketLive to conduct our fourth annual consumer research survey: Mindset of a Multi-Channel Merchant consumer shopping research survey. The results suggest four timely themes that will ring true throughout the holidays. 1. CONSUMERS CRAVE SHOPPING ONLINE, ALLOCATING MORE DOLLARS AND MORE ATTENTION TO THE CHANNEL A quick glance at a few holiday forecasts shows only slight growth in retail sales (3.3%) up from 2.8% in 2011 according to ShopperTrak. Online shoppers in the U.S. however will spend $54.47B this holiday season, up 16.8% from $46.63B in 2011 per eMarketer. Our findings are in agreement with industry pundits that predict a strong online shopping season where grabbing market share from retail is a foregone conclusion. Fa, La, La... 30 Minute Tricks To Maximize Holiday Selling www.marketlive.com © MarketLive, Inc. 2012 1 Fa, La, La... 30 Minute Tricks to Maximize Holiday Selling 2. VALUE IN VOGUE However, this flat and unpredictable economy means shoppers will be spending about the same as last year, seeking value at every turn. How do you see the current economic climate impacting your overall holiday spending; will you be spending more, less or about the same amount than last year on holiday gifts? We were struck by the number of times “good value” was cited as being important to the consumers surveyed. Getting a good value - including actual price - is top-of-mind when selecting a retailer of choice. Customers are more challenging today because over the years the definition of good value has fluctuated as shoppers balance time constraints, convenience and compelling offers when making their final selections. To see “good value” as the #1 answer, rating higher than the actual price and more important than broad assortments or the “everyday low price” being touted by a number of retailers, means that price is now just one of several indicators. It is about a total package in the consumer’s mind as so many more elements go into their final choice of merchant. How important is each of these PRODUCT/PRICE factors when making choices about which merchants you wish to do business with? (Top-2 Most/Somewhat Important) Fa, La, La... 30 Minute Tricks To Maximize Holiday Selling www.marketlive.com © MarketLive, Inc. 2012 2 Fa, La, La... 30 Minute Tricks to Maximize Holiday Selling Value does not always mean the lowest price but is likely a combination of a fair price along with a free shipping offer. Free remains top-of-mind and merchants must look hard at how they can profitably compete. Last year there was an emphasis on daily deals and limited-time sales as one in five shoppers bought a holiday gift from sites with these tactics according to comScore. We fully expect that trend to continue. 3. MEGA MOBILE EMBRACE Our third key finding from the research is not likely to be a surprise for any merchant, namely, the embrace of mobile by shoppers to both research and purchase. From smartphones to tablets, customers will seek out devices and channels that are most convenient at any given time. With 22% of shoppers having already made a mobile purchase this year, the industry is on track to see exponential use of mobile throughout Holiday 2012. Survey results indicate that almost twice as many shoppers plan to purchase gifts via mobile devices this year versus last as usage escalates. Do you plan to purchase gifts via your mobile devices this holiday season? 4. AMAZON DOMINATION One would be hard-pressed not to recognize the importance of Amazon as they nip at the heels of every retailer. Their mastery of delivering a personalized experience, logistical prowess and retention tactics that are second to none mean all retailers must be on guard. Amazon will continue to garner a greater share-of-wallet as 57% plan to make at least one-fourth of their holiday gift purchases on Amazon while 29% intend to purchase more than one-half their gifts on the site. Just when one might expect consumer interest to be capped it appears that spending on Amazon knows no boundaries -- at least in the near term. What percent of your online holiday gift purchases will be spent at Amazon? Fa, La, La... 30 Minute Tricks To Maximize Holiday Selling www.marketlive.com © MarketLive, Inc. 2012 3 Fa, La, La... 30 Minute Tricks to Maximize Holiday Selling HAPPY HOLIDAYS START HERE Your shoppers are as agile as ever as they look to make their shopping lists in anticipation of the upcoming holiday season. Now is the time to complete a last minute review of your gifting experience from onsite to mobile to ensure that your tactics are timely, your execution flawless and that the choices consumers crave are accessible. Knowing that there is still time to get it right, we are serving up 30 recommendations to help ramp up your holiday performance. SURVEY OBJECTIVES AND METHODOLOGY Survey Objective We created the survey to find the consumer voice regarding their proposed online, mobile and social shopping behavior as it relates to gifting and Q412 holiday shopping, including tactics that resonate with them and untapped merchant opportunities. Methodology and Sample Summary 1,136 consumers completed an online questionnaire in September 2012. The sample was 50% female/50% male; participants had shopped online four or more times in the past year, typically spending $250 or more online annually. What is your age? Which of the following best represents your combined annual household income before taxes? What is the highest level of education that you have completed to date? How many children 18 years of age or younger do you have living at home with you? Fa, La, La... 30 Minute Tricks To Maximize Holiday Selling www.marketlive.com © MarketLive, Inc. 2012 4 Fa, La, La... 30 Minute Tricks to Maximize Holiday Selling ECOMMERCE GARNERS GREATER ATTENTION GENERAL GIFTING PLANS The projected boost in buying sets the stage for our forthcoming recommendations: • 36% plan to spend more than $800 on family/friends vs. 27% last year • This holiday season consumers surveyed will purchase 10-12 gifts on average while 37% intend to buy 16 or more • Cross-category consumption is seen with books/music, gift cards, clothing and accessories, consumer electronics and toys/video games seeing strong purchase likelihood WHERE AND WHY THEY BUY: CHANGING CHANNELS eCommerce continues to reap growth rewards with one in three respondents intending to do all or most of their shopping on the Internet. It is exciting to see the trajectory of mobile rise with 16% vs. 3% last year taking advantage of mobile devices to do a majority of their shopping. For your overall gift buying this holiday season, how much of your shopping do you intend to do in each of these channels? (Top-2 All/Most Shopping) Fa, La, La... 30 Minute Tricks To Maximize Holiday Selling www.marketlive.com © MarketLive, Inc. 2012 5 Fa, La, La... 30 Minute Tricks to Maximize Holiday Selling OUR 30 CAN-DO RECOMMENDATIONS Our hope is that this repository of best practices will contain inspiring ideas for 2012 as we believe there is still time to execute onsite, via email, mobile and social means. 1. CREATIVELY GUIDE SHOPPERS TOWARDS CONVENIENT SOLUTIONS With competition fierce, it will be essential to go the extra mile to acquire and retain shoppers. An understanding of shopper holiday behavior can provide insights to suggest messaging and merchandising that will resonate with potential customers. Saving money, searching out hard-to-find products and saving time top the reasons shoppers buy gifts online. Rate the reasons you buy gifts online from 1-5 with “5” being the most important reason and “1” the least important. (Top-2 Very/Somewhat Important) Many retailers will attempt to tap into “savings” messages by putting forth value propositions to lure consumers. Shoppers have short attention spans as consumers spend on average 6 minutes/54 seconds on a site with page views down from 12 to 6.7 (IBM). Under such time-starved circumstances, retailers must get creative to guide shoppers. During this harried period, spell out the choices to save those “lazy” shoppers time as the irreverent Moosejaw did in one of our favorite holiday emails. They wisely display navigation with price-point segmentation, reinforcing free two-day shipping on all orders over $75 and have social links present for their sociallyminded shoppers. Fa, La, La... 30 Minute Tricks To Maximize Holiday Selling www.marketlive.com © MarketLive, Inc. 2012 6 Fa, La, La... 30 Minute Tricks to Maximize Holiday Selling Moosejaw: 12/13/2011 Subject Line: Moosejaw’s Lazy Gift Guide Thing + Free Hoody 2. REINFORCE TACTICAL AND SERVICE DIFFERENTIATORS It is no longer enough to simply have features in place; messaging to the conveniences shoppers seek and tactics they have come to expect is mandated. Overlaying Giggle’s brand personality via Ali’s Top 10 holiday favorites seals the deal. Other winning tactics include free shipping and a reminder of their complimentary gift wrap. Giggle: Onsite Gift Center Fa, La, La... 30 Minute Tricks To Maximize Holiday Selling www.marketlive.com © MarketLive, Inc. 2012 7 Fa, La, La... 30 Minute Tricks to Maximize Holiday Selling 3. STAND OUT IN A CROWD Reputation impacts where most shoppers choose to do business; the ease of finding merchants and past experience also merit attention. It cannot be emphasized enough that in our “Google culture” consumers need to be able to easily find your store via search. Therefore, merchants must continually monitor their presence and ensure that natural search rankings are strong across-theboard. How important is each of these MERCHANT/BRAND factors when making choices about which merchants you wish to do business with? (Top-2 Most/Somewhat Important) Nordstrom always comes to mind as a merchant with one of the best reputations in the business. They excel from assortment to service. Taking care of the customer in an omni-channel world is core to their success and their status. The importance of retaining shoppers should also be noted as it is much more costly to acquire a new customer than to retain one you already have. Rewards points are an ongoing area of focus for this retailer and many others as 67% of the 100 merchants surveyed by the e-tailing group (EG100) last holiday season had a program in place, up from 57% the prior year. Fa, La, La... 30 Minute Tricks To Maximize Holiday Selling www.marketlive.com © MarketLive, Inc. 2012 8 Fa, La, La... 30 Minute Tricks to Maximize Holiday Selling 4. VISUALIZE YOUR VALUE PROPOSITION It is no longer sufficient to rely on the status quo; like L.L Bean you must remind customers of your value proposition. We selected this email example for its visual appeal that combines everything shoppers are looking for from time-savings to convenience. Great gifts and the ever popular gift card serve as the perennial favorites along with always-in-demand free shipping. Topping off this execution is reinforcement of the “easy factor” along with Bean’s 100% Satisfaction Guaranteed promise. The bottom-line is that it will be risk free to shop with L.L. Bean this holiday season. L.L. Bean Email: 11/1/2011 Subject Line: Five Ways to Happier Holidays Fa, La, La... 30 Minute Tricks To Maximize Holiday Selling www.marketlive.com © MarketLive, Inc. 2012 9 Fa, La, La... 30 Minute Tricks to Maximize Holiday Selling 5. NAIL THE BASICS It has long been known that timely delivery of the goods may be more important than the product itself. The ability to ship coupled with guaranteed on-time delivery severely impacts merchant choice as the chart below indicates. Convenience associated with a flexible return policy and free returns is significant as well. How important is each of these CUSTOMER SERVICE factors when making choices about which merchants you wish to do business with? (Top-2 Most/Somewhat Important) Zappos built their business on this vision and continues to support the model even today. They have showcased as part of navigation their 365-Day Return Policy. A header tout for next day delivery for orders placed before 1PM highlights these points of differentiation. Zappos: Onsite Brand Building Holiday Best Practices 6. BE THERE WHEN CUSTOMERS NEED YOU Customer assistance is all about “being there” based on customer preference. With so many new potential touchpoints, retailers must evaluate which options best suit their business. As this chart indicates, monitoring mobile and chat will be more important than ever for the holidays and heading into 2013. eBags puts forth a help center that allows shoppers to quickly find their concern and make the necessary connections. Fa, La, La... 30 Minute Tricks To Maximize Holiday Selling www.marketlive.com © MarketLive, Inc. 2012 10 Fa, La, La... 30 Minute Tricks to Maximize Holiday Selling Thinking about a website’s CUSTOMER ASSISTANCE, rate each feature from 1-5 with “5” being the most important and “1” the least important when buying gifts online. (Top-2 Most/Somewhat Important) 7. ACCELERATE GIFT GIVING CAPABILITIES TO MEET CONSUMER DEMAND The importance of gifting conveniences starts with traditional gift cards, followed by the efficiencies of multiple ship-to and standard gift messaging. Overall gifting tools increase in value among shoppers year-over-year, setting a high benchmark for merchants to meet. Thinking about a website’s GIFTING TOOLS, rate each feature from 1-5 with “5“ being the most important and “1” the least important when buying gifts online. (Top-2 Most/Somewhat Important) Fa, La, La... 30 Minute Tricks To Maximize Holiday Selling www.marketlive.com © MarketLive, Inc. 2012 11 Fa, La, La... 30 Minute Tricks to Maximize Holiday Selling 8. TURN UP THE DIAL ON GIFT CENTERS VIA EDITORIAL EXCITEMENT AND CREATIVE EXECUTION Revisit gift centers onsite and those promoted via email to ensure you put a fresh spin on an old favorite. Sundance uses a standard treatment that thoughtfully incorporates all the necessary customer service details for a one-stop example. Net-A-Porter directs their customers via a gift list that cleverly highlights recommended favorites. 9. Sundance Onsite gift center Net-A-Porter: 11/12/2011 Subject Line: The gift hit list Fa, La, La... 30 Minute Tricks To Maximize Holiday Selling www.marketlive.com © MarketLive, Inc. 2012 12 Fa, La, La... 30 Minute Tricks to Maximize Holiday Selling HEIGHTEN VISIBILITY FOR GIFT CARD PLACEMENT Knowing that one in four of our respondents will rely on gift cards for 26% or more of their holiday purchases means retailers must ensure they are strategically placed onsite and via all available channels. The ability to customize and personalize with redemption across all channels is optimal since mobile and social dynamics will push more shoppers to look for eGifting as the holiday clock winds down. Over the years we have seen strong placement at the home page, category page and gift center. Both traditional and eCards deserve last minute messaging. They are perfect for merchandising in customer service, post-order communication and retail locators given the high level of traffic seen for each of these destinations. What percent of your online holiday gift purchases will be spent on gift cards/certificates? 10. THINK GIFTER BUT MESSAGE TO PERSONAL CONSUMPTION AS WELL Gifting execution includes multiple ship-tos, messaging and seizing wish list opportunities. It should also be noted that three out of four shoppers plan to purchase “deals” beyond gifts this holiday season. Ensure that you reinforce those opportunities as seen in this American Eagle Outfitters example that incorporates shop by price and wish list. American Eagle Outfitters: Onsite Gift Center Fa, La, La... 30 Minute Tricks To Maximize Holiday Selling www.marketlive.com © MarketLive, Inc. 2012 13 Fa, La, La... 30 Minute Tricks to Maximize Holiday Selling 11. TRY A TWIST ON THE TRIED-AND-TRUE New products and top sellers have long been standards of year-round selling. Retailers must now move beyond the basics to find success with shoppers. Creative messaging for an old favorite may be just the oomph needed to move the needle as seen in redEnvelope’s call out of new gifts and Tory Burch’s twist on the date 11/11/11. redEnvelope: 10/18/2011 Subject Line: The new gifts are in! See what’s new for every occasion. Save 15% Tory Burch: Onsite promotion Fa, La, La... 30 Minute Tricks To Maximize Holiday Selling www.marketlive.com © MarketLive, Inc. 2012 14 Fa, La, La... 30 Minute Tricks to Maximize Holiday Selling 12. TOUT YOUR CUSTOMER AND EMPLOYEE RECOMMENDATIONS FOR AN AUTHENTIC SELL User-generated content has become one of the most powerful selling strategies for retailers as consumers embrace content from both friends and retail employees. While basic execution prevails, elevating reviews resonates with shoppers. Harry & David goes local by sharing the purchase preferences of customers near you while the strength of The Container Store associates pervades their employee favorites’ presentation. The Container Store: 11/08/2011 Subject Line: Trust our employees to pick great gifts Harry & David: 11/01/2011 Subject Line: Top-rated gifts from customers near you 13. SEGMENT TO BETTER REACH TARGET AUDIENCES Targeting unique audiences allows for a more focused message as seen in this example showcasing Home Depot’s “Gifts That Work.” They introduce their gift card and build the theme around navigation cleverly introducing it into the visual scheme. Fa, La, La... 30 Minute Tricks To Maximize Holiday Selling www.marketlive.com © MarketLive, Inc. 2012 15 Fa, La, La... 30 Minute Tricks to Maximize Holiday Selling Home Depot: Onsite Gift Center Brooks Brothers, a stronghold in the apparel market, positions many products likely to be on the holiday wish lists “his and hers” customers. They adhere to the rules of providing customer service information and services while reminding customers that they should visit one of their nearby stores. Brooks Brothers: 11/07/2011 Subject Line: Introducing our Holiday Gift Guide Fa, La, La... 30 Minute Tricks To Maximize Holiday Selling www.marketlive.com © MarketLive, Inc. 2012 16 Fa, La, La... 30 Minute Tricks to Maximize Holiday Selling 14. THINK PRECISION REGARDING PROMOTIONAL PLAYS Making precise promotional plays can make or break a season with severe impact on margin and the bottom-line. According to our research, one in three shoppers will not pay full price. A perfect present, hard-to-find product, typically full price items or those tied into a free shipping promotion spur full price purchasing. What will it take for you to pay full price for gifts this holiday season? Check all that apply. Fa, La, La... 30 Minute Tricks To Maximize Holiday Selling www.marketlive.com © MarketLive, Inc. 2012 17 Fa, La, La... 30 Minute Tricks to Maximize Holiday Selling Savings start with free unconditional shipping while dollars off and online sales also see traction. A look at the range of promotions and how they will likely resonate with with shoppers can serve merchants well as they put the finishing touches on promotional strategies and delivery cadence. Take note, when asked why they do not intend to purchase more gifts online, 43% cited shipping charges being too high. Which of the following types of awould you be most likely to take advantage of when shopping online this holiday season? (Top-2 Most/Somewhat Likely) 15. FREE FINDS FOLLOWERS Explore the many ways to position “free” particularly as not all retailers are in a financial position to extend unconditional free shipping to each and every customer. Target starts with their REDcard and references everyday free shipping that is extended along with their easy in-store returns. Black Friday comes early as Things Remembered tees up many ways to say free with BOGO and free monogramming while tossing in free shipping on orders over $50. Fa, La, La... 30 Minute Tricks To Maximize Holiday Selling www.marketlive.com © MarketLive, Inc. 2012 18 Fa, La, La... 30 Minute Tricks to Maximize Holiday Selling 16. MIXING UP OFFERS MAKES FOR COMPELLING SHOPPING REI takes a theme-based approach that appeals to the adventurer in us all by putting forth a coupon for 30% off any one REI-brand item. Their free two-day shipping offer is also compelling because it reassures shoppers that their gifts will be on the way in a timely fashion. Bath & Body Works can be counted on to pack a series of gift giving ideas into their gift center. That includes highlighting products by price-point to reinforce “value” shopping, along with stocking stuffers and the ability to view their holiday gift guide. Bath & BodyWorks Online Gift Center REI: 12/16/2011 Subject Line: Gift Guide + Free shipping + 30% off one REI-brand Item Fa, La, La... 30 Minute Tricks To Maximize Holiday Selling www.marketlive.com © MarketLive, Inc. 2012 19 Fa, La, La... 30 Minute Tricks to Maximize Holiday Selling FOUR KEY THEMES SET THE TONE FOR HOLIDAY SHOPPING 17. REVIEW YOUR EMAIL CADENCE AND CONTENTS Email has not lost its luster and weekly receipt is still favored though some merchants have managed a much more aggressive stance where 20% of respondents find daily or multi-week promotions acceptable. Beyond traditional promotions, offers that deliver immediate savings are still the most desirable. Mobile/social emails see strong year-over-year growth so ensuring that you have added those channels to your community strategy is ideal. Please rank the types of email content that you would be most likely to respond to from your favorite retailers this holiday season where “5” is the most likely and “1” the least likely. (Top-2 Most/Somewhat Likely) 18. UPGRADE CONFIRMATIONS TO RETAIN CUSTOMERS Confirmations are an excellent opportunity to bring your customers back for more. There are a multitude of possibilities that start with reinforcing gift card strategies, highlighting free shipping provisions like L.L. Bean and even allowing customers to “Win their Wishes” as American Eagle Outfitters does so well in the example below. Lowes knows that last-minute purchases either result in gift card selections or lead to a store visit; accordingly this dynamic duo rounds out their order confirmations. A sidebar: positioning social links and encouraging email signups can help bolster one’s base for marketing in the coming year. Fa, La, La... 30 Minute Tricks To Maximize Holiday Selling www.marketlive.com © MarketLive, Inc. 2012 20 Fa, La, La... 30 Minute Tricks to Maximize Holiday Selling Fa, La, La... 30 Minute Tricks To Maximize Holiday Selling www.marketlive.com © MarketLive, Inc. 2012 21 Fa, La, La... 30 Minute Tricks to Maximize Holiday Selling CONNECT WITH CUSTOMERS VIA MOBILE One of the most prominent changes seen year-over-year in our research is the growing role of mobile in consumers’ lives. Factoring in the power of phones along with a customized experience presented to shoppers will be essential as consumers will work across channels to research and buy based on convenience. This holiday season, 20% of retail site visits will originate from mobile devices where 13% will have a sale associated with them (IBM). One in five of our survey respondents had already made a purchase in the past 12 months and they are poised to buy even more this holiday season. 19. MAKE IT A MOBILE CHRISTMAS It will certainly be a mobile Christmas as core categories see greater mobile interest in the coming months. Category consumption is comprehensive with clothing (48%), books/magazines (47%), computer hardware/software (43%), consumer electronics (41%) and gift cards (37%) all seeing purchasing from at least one in three shoppers. HSN does a wonderful job of visualizing merchandising core to their business model to inspire shoppers to make an array of purchases via their mobile devices. 20. CREATE MOBILE DESTINATIONS FOR GIFT GIVING Almost twice as many shoppers plan to purchase gifts via mobile devices this year versus last year so taking advantage of gifting favorites as well as easy access via price-point and recipient greases the path to purchase. Gift cards are expected to be a large part of mobile purchasing and should also be presented as Coach does in their mobile gift center. An overwhelming 82% of mobile shoppers plan to use retail apps for purchasing gifts this holiday season making reminders in this regard valuable as well. Fa, La, La... 30 Minute Tricks To Maximize Holiday Selling www.marketlive.com © MarketLive, Inc. 2012 22 Fa, La, La... 30 Minute Tricks to Maximize Holiday Selling 21. EDUCATE YOUR CUSTOMERS TO YOUR MOBILE OFFERINGS It is not enough to be mobile, you must also remind shoppers that they can access your brand via their favorite mobile device. Crate & Barrel has dedicated real estate on their site to let you know they are now accessible via mobile. Mobile devices gain ground for coupon redemption, researching – and purchasing. Knowledge of current consumer behavior patterns should be kept in mind as development efforts are evaluated. Thinking about the following ways you might interact via mobile phone or related devices this holiday season, how likely are you to partake in the following behavior? (Top-2 Very/Somewhat Likely) Fa, La, La... 30 Minute Tricks To Maximize Holiday Selling www.marketlive.com © MarketLive, Inc. 2012 23 Fa, La, La... 30 Minute Tricks to Maximize Holiday Selling 22. TEXTING MAKES SHOPPING IN AN INSTANT MORE POSSIBLE To date, 46% of consumers have shared their phone number with retailers to receive promotional texts, a 12% increase over 2011. The ability to quickly reach consumers along with mobile subscriber base growth bodes well for Holiday 2012 outbound reach. Cabela’s shares the benefits of signing up then presents easy three-step instructions for shoppers to receive their instant alerts. User experience and security concerns will keep some shoppers from purchasing gifts via mobile devices therefore making sure you deliver a device-optimized experience is imperative. This should include crisp merchandising, clear images and a checkout experience that is streamlined for these time-starved shoppers. Price checking drives incremental usage of phones prior to store visits along with accessing store details and products. Based on these year-over-year increases shoppers will be armed more than ever via mobile phones to check for sales (42%), look for competitive pricing at Amazon (41%), gather store information and browse their favorite stores (37%). There will be similar growth in mobile phone usage in-store as well since at least one in five are frequently/often using their smartphones as point-of-purchase shopping tools. Retail investment is warranted to embrace this evolving omni-channel behavior. Fa, La, La... 30 Minute Tricks To Maximize Holiday Selling www.marketlive.com © MarketLive, Inc. 2012 24 Fa, La, La... 30 Minute Tricks to Maximize Holiday Selling PRIOR TO VISITING a physical store this holiday season, how likely are you to do each of the following activities with your smartphone? (Top-2 Frequently/Often) 23. SIZE UP SOCIAL OPPORTUNITIES AND GET IN THE GAME The opportunity to connect with holiday shoppers is a once a year event that should not be overlooked. Our survey indicates twice as many respondents made a purchase from a social networking site in the past 12 months vs. 2011. While interest is still relatively low, more plan to participate in commerce-related social activities than last year so now is the time to take a look at onsite social opportunities from reviewing to sharing products as a means of capitalizing on visits and the viral nature of social shopping online. How often do you expect to PARTICIPATE in each of the following activities over the holiday season? (Top-3 All the Time/Very Often/Sometimes? Fa, La, La... 30 Minute Tricks To Maximize Holiday Selling www.marketlive.com © MarketLive, Inc. 2012 25 Fa, La, La... 30 Minute Tricks to Maximize Holiday Selling The quest for savings is channel-agnostic extending to social networking as shoppers report that free shipping offers (41%) would be the greatest influencer to making a purchase on a social networking site this holiday season while rewards/loyalty points (35%) and exclusive discounts follow closely behind (34%) and daily deals (32%). It is interesting to note that year-over-year gains are significant indicating that shopping and social are coming together more than in the past. What would influence you to complete a purchase on a social networking site this holiday season? (Top-2 Very/Somewhat Likely) Move beyond the mundane to reach shoppers. Blogs are one opportunity to talk to customers and campaigns can be effectively introduced for capitalizing on merchant traffic like Belk and Ross-Simons have done so effectively. Fa, La, La... 30 Minute Tricks To Maximize Holiday Selling www.marketlive.com © MarketLive, Inc. 2012 26 Fa, La, La... 30 Minute Tricks to Maximize Holiday Selling CONNECT WITH CUSTOMERS VIA MOBILE “The right thing at the wrong time is the wrong thing,” according to Joshua Harris in I Kissed Dating Goodbye. With this in mind it is certainly insightful that one in three shoppers may start early but most procrastinators plan to hold out until December to finish their holiday shopping. This means there will always be significant dollars in play in December. Messaging must be timely and address the mood and mindset of that shopper at that given moment. When do you typically start and finish your holiday shopping? Start Finish SEP OR BEFORE 36% 6% OCT NOV DEC 23% 5% 34% 19% 7% 70% Bed Bath & Beyond: 12/20/2011 Subject Line: The perfect size gift is 2” x 3” 24. READY PROMOTIONS FOR ALL KEY HOLIDAYS A look at shopper behavior on key holidays reveals that almost one in two shoppers will take advantage of online holidays and their associated deals. Even those recently created holidays such as “Free Shipping Day” warrant attention as they are recognized by many shoppers seeking promotions from a cross-section of their favorite retailers. Do you expect to shop online during any of the following holiday promotional days? Check all that apply. Fa, La, La... 30 Minute Tricks To Maximize Holiday Selling www.marketlive.com © MarketLive, Inc. 2012 27 Fa, La, La... 30 Minute Tricks to Maximize Holiday Selling 25. SHOP EARLY, SHOP OFTEN MEANS TESTING EARLYBIRD BEHAVIOR Encourage early-bird purchasing and follow in the footsteps of eBags who shares a bonus coupon with potential buyers. Reinforcing their gift giving with confidence also sends a strong message for new customers. eBags: 11/03/2011 Subject Line: 25% Off Holiday Preview Coupon expires tomorrow! 26. ZERO IN ON KEY HOLIDAYS Taking note of the top selling days in last year’s holiday season provides indications for the 2012 performance pattern. Starting with Cyber Monday, shopper spending surged followed by Green Monday as many retailers cut off ground shipping close to this date. Any and all of these should be on every retailer’s radar screen; evaluating year-over-year offers and exploring new ways to capitalize on customer favorites. Fa, La, La... 30 Minute Tricks To Maximize Holiday Selling www.marketlive.com © MarketLive, Inc. 2012 28 Fa, La, La... 30 Minute Tricks to Maximize Holiday Selling Apple’s simple Black Friday message resonates with shoppers onsite and promoted via email. Consistency in execution counts as shoppers are reminded not to miss out on this all-important event. Apple: 11/25/2011 Subject Line: Today only. Special shopping event Sephora takes advantage of Black Friday by highlighting exclusives and calling out “free” to entice visitors to download their mobile app and receive a complementary chic sleeve and receive a complementary chic sleeve. Crutchfield extends perennial free shipping for a limited time to encourage shoppers to take advantage of deals before December promotions kick in. Sephora: 11/24/2011 Subject Line: Black Friday Crutchfield: 11/27/2011 Subject Line: Ending soon: Great holiday deals that end 11/28 Fa, La, La... 30 Minute Tricks To Maximize Holiday Selling www.marketlive.com © MarketLive, Inc. 2012 29 Fa, La, La... 30 Minute Tricks to Maximize Holiday Selling Tease up the holidays with a touch of humor around Thanksgiving as both Bounce and King Arthur Flour do in their clever creative treatments. This is especially important as in boxes will be stuffed and shoppers discriminating relative to merchant and product selection. Bounce: 11/26/2011 Subject Line: Post-Turkey Impact-Shop for Support! King Arthur Flour: 11/11/2011 Subject Line: Beyond the bird – Thanksgiving sides 27. MAKE A CROSS-CHANNEL CONNECTION Merchants with a brick and mortar presence should use email and onsite messaging to remind shoppers to visit their retail stores. Encourage checking product availability and in-store pickup which is both convenient for customers and efficient for all parties. Ideally shoppers will then spend more time and more money when they are enjoying the spirit of the season within the retail confines. Fa, La, La... 30 Minute Tricks To Maximize Holiday Selling www.marketlive.com © MarketLive, Inc. 2012 30 Fa, La, La... 30 Minute Tricks to Maximize Holiday Selling Crate&Barrel: 11/22/2011 Subject Line: Last-minute Thanksgiving essentials. Shop online and pick up in stores. 28. SERVICE STARTS WITH THE REINFORCEMENT OF DELIVERY TIMES Every communication with customers from Thanksgiving and times thereafter suggests an opportunity to remind shoppers of shipping cut-off dates. This tactic is universally displayed on 91% of the EG100 sites we review each holiday season and should be mandatory for keeping customers informed. Gap outlines their shipping schedule onsite while EBGames has built out a “Holiday Survival Guide” destination that serves as a one-stop guide for customer service hours and shipping deadlines along with messaging that drives customers to retail while highlighting gift cards for no-brainer gift giving. Fa, La, La... 30 Minute Tricks To Maximize Holiday Selling www.marketlive.com © MarketLive, Inc. 2012 31 Fa, La, La... 30 Minute Tricks to Maximize Holiday Selling 29. CROSS-CHANNEL TACTICS COURT LAST MINUTE BUYERS Both Coach and Home Depot note the role of buy online and pickup in-store. Coach’s messaging, consisting of “Fast, Faster, Fastest,” lets the customer know which choices are available then they can decide what suits them at any given moment while Home Depot emphasizes the “today” opportunity. Coach: 12/23/2011 Subject Line: There’s still time to get the perfect gift. The Home Depot: 12/22/2011 Subject Line: Buy Last-Minute Gifts Online for Pickup at Your Local Home Depot Fa, La, La... 30 Minute Tricks To Maximize Holiday Selling www.marketlive.com © MarketLive, Inc. 2012 32 Fa, La, La... 30 Minute Tricks to Maximize Holiday Selling 30. HAPPY NEW YEAR Too often retailers forget about readying messaging for the New Year. Here CWDkids is ready to ring it in right with markdowns and new products for more productive selling. CWDkids: 12/19/2012 Subject Line: Save $20.12 - Hurry Offer Expires January 1, 2012! Fa, La, La... 30 Minute Tricks To Maximize Holiday Selling www.marketlive.com © MarketLive, Inc. 2012 33 Fa, La, La... 30 Minute Tricks to Maximize Holiday Selling HO, HO, HO: LAST MINUTE HOLIDAY REFLECTIONS The time is now and the clock is ticking so we hope you consider these eight last-minute reflections as you put the finishing touches on your holiday season. 1.Give customers the confidence to buy more through stellar execution, differentiated assortments and exemplary service. 2.Ensure your site is comprehensive where product and category information support researching dynamics. 3.Elevate onsite gifting experiences by taking a twist on the standards while at the same time encouraging self-consumption. 4.Ensure you have a plan in place for free shipping while mixing up a series of promotional tactics that will resonate with your shoppers. 5.Revisit your holiday calendar marketing cadence to take advantage of seasonal spending patterns and be prepared for last minute shoppers. 6.Evaluate email strategies as last minute revisions are more realistic. 7.Think mobile and ensure that you have optimized user experiences for smartphones and tablets to enable purchasing and omni-channel connections. 8.Get in the social game by testing marketing initiatives, factoring in the always favored discount for fans. Fa, La, La... 30 Minute Tricks To Maximize Holiday Selling www.marketlive.com © MarketLive, Inc. 2012 34 Fa, La, La... 30 Minute Tricks to Maximize Holiday Selling Fa, La, La... 30 Minute Tricks To Maximize Holiday Selling www.marketlive.com © MarketLive, Inc. 2012 35 For more information: www.marketlive.com HEADQUARTERS: MarketLive, Inc. • 617 B 2nd Street Petaluma, California 94952 Main: 1-877-341-5729 • E-mail: info@marketlive.com