HOW TO INCREASE SALES THIS HOLIDAY SEASON - What you should do BEFORE it all starts
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A Complete Guide for eCommerce Businesses HOW TO INCREASE SALES THIS HOLIDAY SEASON What you should do BEFORE it all starts www.i95Dev.com Copyright © 2021 i95Dev. All Rights Reserved
Table of Contents Introduction Ready Your e-store Fulfillment Staff management Marketing & Sale www.i95Dev.com | Copyright © 2021 i95Dev. All Rights Reserved
Introduction The winter is coming. Yes, the holiday season is right around the corner! It’s that time of the year that everyone looks forward to. Retailers realize their peak sales and shoppers get the best bargains in the holiday season. That’s the magic of holidays, it’s a win-win scenario for everyone, shoppers and sellers eCommerce is having a terrific season and is expected to register a 13.7% year on growth by end of 2021. The overall eCommerce sales are expected to reach $908.73 billion. Holiday sales account for 20-40% of annual revenue for most online retailers. Most B2C retailers on an average see about 16% increase in first-time customers during the holiday season. What is a e-tailer’s worst nightmare? This one’s easy! If we go by the statistics above the worst thing an ecommerce retailer could do is: ‘To be caught unprepared’ for the holiday surge in sales. Fail to deliver? Risk being discredited. The Why: Opportunity = Huge Risks = Many Reward = Great You need to have fulfillment, operations, customer support and marketing strategies in place to cater to this spike in sales. But proper planning and flawless execution can extend gains beyond the holiday season. It can build a sizeable following of loyal customers with strong lifetime value who drive long-term sales. The When: If you have had a few successful holiday seasons behind you, you probably have the basics covered. But you could start early and implement the latest campaign ideas and technology hacks for that extra edge over competition. If you are a growing brand with limited holiday experience start well in advance. The How: The 2021 holiday planning guide Taking stock You should look at traffic forecasts, fulfillment strategies, sales targets, conversion rates and a lot of other metrics to assess your readiness for the holiday season. Dig up the reviews from last season and pick up key insights. www.i95Dev.com | Copyright © 2021 i95Dev. All Rights Reserved
Metrics to Monitor Metrics to Monitor Subscriber Growth Rate Percentage of Conversion Rate Cart Abandonement Rate Mobile Shoppers Value Per Visit Average Order Size Key challenges: 1. Ecommerce store a) Driving traffic: Most retailers run well-planned holiday marketing campaigns well in advance to attract visitors during the holiday season. But with so much competition it is difficult to stand out. Since only a small percentage of visits convert to actual sales, increasing traffic to site is a crucial challenge that retailers face. b) Guaranteed up-time: The holiday season witnesses surges in traffic. A sudden spike in transactions can slow down systems. The holiday season is a busy time and customers prefer not to wait, they simply complete their purchase elsewhere. Delivering a flawless shopping experience despite traffic surges is a key challenge for e-tailers. c) Mobile optimized sites: There is no doubt about it anymore, smartphone shopping is the future of ecommerce. Global mCommerce revenue is expected to reach $3.56 trillion by end of 2021 – with an average y-o-y rate of 33.8%. Close to 79% of smartphone users have made a purchase online using their mobile devices in the first quarter of 2021. The share of mCommerce in all eCommerce is expected to rise to 72.9% by end of 2021. All on-site optimization efforts such as getting the home page, product pages and landing pages primed will be futile if the website is not mobile optimized. Retailers stop at responsiveness and struggle with getting mobile optimization right. www.i95Dev.com | Copyright © 2021 i95Dev. All Rights Reserved
Metrics to Monitor 2. Fulfillment strategy a) Inventory management: Stocking the right products in right quantities requires careful planning. Running out of products too soon, or failing to deliver orders due to poor inventory management will drive customers away. Getting the inventory gamble right is a difficult challenge for retailers. b) Shipping logistics: Shipping is the tipping point in the holiday retail race. Shipping charges are the most important factor driving purchase decisions. Organizing logistics to ensure timely delivery of orders at affordable prices is a major challenge during the holiday season. 3. Operations a) Returns handling: Returns are a major headache for etailers. Making the returns process simple and bringing down the shipping cost is a tall-order for most retailers. b) Customer service: Holiday shoppers have a lot of queries. Handling the huge volume of queries smooth and quickly is a challenge if you are short staffed. Holiday shoppers are constantly looking out for better deals and are easily poached by competitors. Keeping response times short during the holiday rush is a challenge for most retailers. c) Staffing: The order fulfillment and customer service processes might come under pressure during the holiday season. Employees take off on holidays and leave retailers short staffed in their busiest hour. Preparing contingency plans involves hiring and training temporary staff to handle the fulfillment proces. Dealing with staff shortage is a tough challenge for retailers. 4. Marketing a) Lead generation: Holiday marketing is neither easy nor cheap. Campaigns that stand out amidst the sea of campaigns crowding the marketing space are costly. Targeting the right audience with the right campaigns is a challenge for most e-tailers. b) Campaign ROI: Some channels are better for particular product lines or are frequented by certain target groups. Spreading marketing budget thinly across many channels might fail in the holiday season. Retailers find it difficult to pick the right channels to focus their efforts for earning a good ROI. We have dwelt upon some of the challenges retailers encounter in the holiday season. The challenges differ for each retailer and only a detailed strengths, weaknesses, opportunities and threats (SWOT) analysis will reveal these. The final step of planning is to define your goals and strategies for the coming www.i95Dev.com | Copyright © 2021 i95Dev. All Rights Reserved
Metrics to Monitor Action plan Once strategies are picked, the actionable items are split into those that can be implemented Before the holiday season. www.i95Dev.com | Copyright © 2021 i95Dev. All Rights Reserved
Before you delve into the details, work out the amount of time and resources you can give your holiday planning efforts. Tip: Start early and bring your A-game to the holiday season. A good three months before the holiday season is what we suggest. If you are still in doubt, here are a few stats that will get you moving: Most stores (a good 70% of them) start preparations as early as August. A few enthusiastic retailers (roughly 20% of them) begun even earlier in June. Only 10% start later than August. Don’t be a slowcoach, look smart and get cracking on your holiday sales strategy now! I. Ready your e-store 1. Responsive ® + Optimized (O) = $$$ ROI ROI Mobile devices (tablets and smartphones) account for an ever larger share of the holiday retail pie each year. This year, mobile-based sales are predicted to account for 72.9% of the total eCommerce sales. In fact, for this holiday season exclusively, 59% of shoppers said they prefer shopping online via mobile devices. Smartphone buying is only going to go up in the coming years for two important reasons: a) More retailers are optimizing mCommerce sites and apps. Forrester reported around two-thirds of multi-screen consumers began their shopping journey from their smartphones. Smart phone use is high among instore customers too. Most instore mobile users use them for price comparisons and those who do are 40% more likely to complete the purchase. www.i95Dev.com | Copyright © 2021 i95Dev. All Rights Reserved
Understand responsive sites are not the same as optimized ones Analyze differences in mobile and desktop shopping behavior Understand the reasons and expectations of mobile visitors Enable faster loading times According to Google, around half of mobile shoppers expect sites to load in less than 2 seconds and around 41% of these shoppers jump to competitor’s site after a negative mobile experience. Simplify the checkout process Cart abandonment rate increases with every additional step in the checkout funnel Enable easy social sharing Mobile shoppers are twice as likely to share content than desktop shoppers b) Google’s algorithms are now rewarding mobile friendliness With the rise of mobile traffic in the 2010s, Google began focusing more on mobile friendliness as a ranking factor in 2015. A year later, mobile-first indexing was introduced which refers to when Google crawls, and therefore ranks, your website pages according to the mobile version of that content. In July 2019, mobile-first indexing became the default for all new websites. As of June 2021, it became the default for all websites, both old and new. About 88% mobile shoppers reported negative experiences and were quick to switch to competitor sites that are optimized. 2. Guarantee up-time The holiday season will see shoppers flocking to e-commerce sites. Some of this traffic may head your way and cause a surge in traffic that may slow you down. If you have faced downtime issues earlier it's best to look for a host that can scale-up easy and that guarantees uptime. According to Radware, an application delivery and security provider, 57% of consumers abandon a site that fails to load after 3 seconds. www.i95Dev.com | Copyright © 2021 i95Dev. All Rights Reserved
Managed hosting services that automatically scale storage and offer back-up, maintenance, monitoring and management services should be considered. While this will mean you need to spend a little extra, you can be sure of avoiding downtime and availability issues. Any downtime can set you back a few thousand dollars in actual sales besides damaging brand reputation. Choose a hosting provider who provides on-demand resourcing and has the bandwidth to guarantee up-time in the busiest time of the year. 3. Security Ensuring secure transactions through your ecommerce site should be high priority. Hackers are waiting to exploit the holiday season rush to defraud innocent shoppers. Protect yourself from cyberattacks like Distributed Denial of Service (DDoS) attacks by investing in a robust security solution. Subscribe to a managed services provider that monitors your site. The provider will send periodic usage reports and alerts when improper usage is suspected quickly flagging a possible breach. In addition to securing your e-commerce store from possible attacks, this can also help you in improving conversions. Trust symbols like Verified by VISA or MasterCard SecureCode instil confidence in your customers and help in improving conversions. 4. Perfect the holiday look Get a color makeover! A white, red and gold theme will channel the holiday spirit perfectly to your visitors. Distribute popular holiday markers and THE HOLIDAY icons tastefully all across the site for extra holiday flair. SEASON Your holiday bling list: Cool holiday graphics with holiday greetings for homepage and product pages Holiday themed add-ons Holiday themed templates for newsletters and flyers Holiday themed buy buttons and coupon boxes. Don’t skimp on the holiday décor, hire a professional designer and pack as much holiday flavor into your website as possible. Word of Caution: All of the additional graphics might slow down your site’s loading time. Factor this in for both desktop and mobile visitors. www.i95Dev.com | Copyright © 2021 i95Dev. All Rights Reserved
II. Fulfillment What is the one factor that could make or break your efforts this holiday season? Your fulfillment capabilities are the most important determinant of your holiday sales success. The hassle of shopping in a crowded mall for holiday gifts first attracted consumers to online shopping. They were sold onto the convenience that ecommerce offered. Make sure you have a rock solid fulfillment plan to wow your shoppers this holiday season. Strategies to streamline order fulfillment this holiday season: 1. Integration: The indispensable factor The holiday rush can train wreck even the most perfect process pipeline. If you are relying on a loosely connected or disconnected fulfillment process to service your holiday orders, you are headed for trouble. Mere increase in warehousing capacity or fulfillment centers or hiring of temps to shore up staff numbers will not take you far. Integrating the right systems , more specifically your e-Commerce and ERP systems, is critical for streamlining orderfulfilment, minimizing errors and adhering to delivery timelines. eCommerce and ERP/warehouse management systems need to be integrated well before the holiday season starts to ensure you don’t oversell and to facilitate faster movement of products. 2. Smart buying Savvy buyers à smart sellers To give the best deals this holidays, you have to score the top deals through the year. Manufacturers and distributors offer special buys at different times of the year. The prices are significantly lower than the normal wholesale cost at “buy ins,” “paddle buys,” and “vendor closeouts”.Customers always do price comparisons before buying. Reach out to your suppliers about such special buying opportunities. Stocking smart buys will help you offer Cyber Monday and Black Friday deals that not many of your competitors can match without slashing margins. Tip: Keep an eye on your inventory. Loose stock leftover from holiday season with clearance sales or post-holiday deals and discounts in Q1 itself. Keeping them on the inventory can restrict your ability to cash in on special buying opportunities. www.i95Dev.com | Copyright © 2021 i95Dev. All Rights Reserved
3. Anticipate and pe prepared Look at your last holiday sales data and combine those with forecasts and trend alerts for this season to anticipate order volumes. Make an inventory arrival schedule and factor in the sale velocity for high moving items and institute additional cycle counts for those items. Additional cycle counts for fast moving items will ensure you don’t run out on them. Better, go for eCommerce ERP integration to automatically track changes in inventory and pull out of stock items from the site A few other ways to expedite the order fulfillment process include Placing top selling items in hot pick zones to enable quicker processing and lower fulfillment time. Pre-Packing is another great way to save time during the holiday season 4. Manage customer expectations Offering same-day delivery or expedited shipment is a huge draw for customers Positive and an easy way for retailers to boost sales. But avoid extending unrealistic Negative timelines to your holiday customers because an increase in order volumes can make it difficult to meet expectations. A great customer delivery experience is necessary to leave a positive impression and encourage repeat purchases from your holiday customers. If your order volumes have exceeded your best forecasts take a look at how it can affect order fulfillment. Fulfillment speed and carrier availability need to be cross-checked to set realistic delivery expectations. 5. Plan for peak days Data analysis of past holiday seasons can yield information about sales volume and consumer behavior. Combine this data with current predictions to arrive at accurate sales forecasts for current season. A deeper analysis of previous data will also identify the peak day for your company and the reasons behind the increased sales on the day. Peak day analysis can yield good marketing insights on which promotional campaigns work and when. Knowing how your sales correspond to marketing campaigns can inform your fulfillment strategy as well. Avoiding peak day problems is easy if you set up to scale for the day(s) by setting up packing lines in place of packing stations and hire additional labor for the day(s) Fulfillment goes beyond having a perfectly organized warehouse process and also relies on your logistics partnerships. Even if your logistics planning is flawless, an unforeseen storm can lay waste to your best plans. www.i95Dev.com | Copyright © 2021 i95Dev. All Rights Reserved
To ensure your fulfillment weathers all storms, here are a few things you can try: Negotiate strict Service Level Agreements (SLAs) with your logistics partners. Check the amount of time add-ons like holiday packaging, gift-wrapping etc add to normal fulfillment time Ask your logistics team for total transparency in shipment tracking and make it available to your customers. 6. Plan for last minute shipping surge Carriers ramp up their capabilities for the holiday season, and retailers are careful in setting delivery expectations, but things may go wrong despite everyone’s best efforts. Bad weather coupled with retailer over-promises and overcommitted carriers led to the 2013 shipping nightmares.Which is why retailers must ready backups for unforeseen events including bad weather. Check your supply-chain for vulnerabilities and have alternatives to switch to in the event of delays. Flexibility to switch carriers is a great way to protect against shipment delays. Apart from the national carriers, there are several regional carriers in play that cover smaller geographies but have strong local presence. Most big retailers are already using regional carriers in the holiday season. Mid and small size retailers have been slow to sign on regional carriers. Using local carriers lets small retailers improve customer service by offering next day delivery options and/or better rates. If you plan to diversify shipping options, get a multi-carrier shipping maagement system. These solutions have been around for a while and generate significant savings (ranging from 25-40%) in shipping costs. The solution automatically assigns orders based upon the current pricing, services available and retailer preference. Using a mix of carriers improves shipping efficiency. The holiday season is the best time to add more carriers as logistics partners. 7. Flawless customer delivery experience “ 80% of those who purchase a product consider shipping to be very important to the overall shopping experience.” During holidays shipping performance comes under increased scrutiny. Customers pick a shipping option by balancing the cost with the timing of order receipt. How to enhance the delivery experience? If the customer wants the product delivered, he chooses the cost and the time of arrival is set to a certain date range. Allowing customers to track their order is an important convenience. Transparency in shipment cycle lets both customer service and customer see where the purchase is in the shipment cycle. www.i95Dev.com | Copyright © 2021 i95Dev. All Rights Reserved
Being able to live-track their order removes uncertainty regarding delivery from the customer’s mind. Even for service executives it helps when contacting the carrier to flag any issues on behalf of the customer. If tracking mechanism is integrated into channels, inventory and order processing systems the data can be used to rate carrier performance. Retailers should improve the customer delivery to provide a superior shopping experience in order to stand out from competitors. 8. Have alternatives Set up alternative delivery options like a) In-store pick up - This is a great option for the holiday season. It is free and immediate; customers can avoid concerns on timely delivery. This is also the best option for last-minute shoppers, who can drive to their nearest store to pick up the order as scheduled. b) Distributed fulfillment - The other important strategy is to set up additional fulfillment centers as backups and also to share the order fulfillment load. Companies can lease spaces under short-term warehousing contracts or stock products with shipping partner’s warehouses to expedite delivery. Alternative delivery options lower fulfillment risks by reducing exposure to carrier delays. Offering click and collect option besides the regular parcel service lets the customer chose the fastest and least expensive way to get products delivered. With in-store pickup retailers save on shipping costs and can offer same day delivery which is difficult with carrier delivery. In-store pickup also opens opportunities for up-selling and cross-selling in physical stores. But implementing in-store pickups and ship-from-store options needs a seamless fulfillment process built on robust inventory and shipping management systems that are integrated with order processing and routing optimization solutions. In such a connected and integrated supplychain each physical store also takes on the role of a mini-warehouse and fulfillment center. If executed well, store level fulfillment can fetch rich dividends improving sales as well as customer experience. www.i95Dev.com | Copyright © 2021 i95Dev. All Rights Reserved
III. Staff management 1. Add more temps Due to the massive increase in order volumes, like brick-and-mortar retailers’ online retailers too need more personnel to handle warehouse and customer service operations. Plan ahead to recruit the requisite number of temporary workers and train them well to deliver a uniform brand experience to costumers. 2. Staff schedules The holiday season is when you need all hands on deck, but at least some of your employees will be on vacation leaving you short-staffed. This can increase work for the rest of your employees who are already struggling to cope with the holiday rush. To ensure your staff gets adequate respite to cope with the holiday frenzy alter staff schedules. Add weekend shifts, second shifts or allow split shift. Adjust numbers to order volumes and avoid spikes falling on those in particular shifts. 3. Keep them motivated What to do to keep your staff energized through the season and later: a) Be hands-on: Don’t be an absentee owner instead lead from the front. Being present can also make sure you can act quickly incase problems crop up. Your main task: Make sure everyone on your team has what they need to do their job well. b) Short breaks: Give short breaks throughout the day to let your staff recoup. Another useful hack to keep them energetic is letting them switch between tasks like serving customers directly and backroom operations. Switching them to the backroom for a few hours can provide them a break from continuous human interaction. c) Back them: Even if the customer is the king, back your staff if they are being abused or being treated unreasonably. Set the parameters of operation and empower them to take their own decisions, stepping in only when necessary. Teach them to handle difficult customers firmly yet politely. d) Keep it fun and rewarding: Have fun activities at work that reinforce the holiday context to keep employee morale high. Orgonize Holiday , dress-up days and fun contests to create the holiday mood. Reward employees who take on extra shifts or tough shifts with incentives like gift cards or an afternoon off from work. www.i95Dev.com | Copyright © 2021 i95Dev. All Rights Reserved
c) Back them: Even if the customer is the king, back your staff if they are being abused or being treated unreasonably. Set the parameters of operation and empower them to take their own decisions, stepping in only when necessary. Teach them to handle difficult customers firmly yet politely. d) Keep it fun and rewarding: Have fun activities at work that reinforce the holiday context to keep employee morale high. Orgonize Holiday , dress-up days and fun contests to create the holiday mood. Reward employees who take on extra shifts or tough shifts with incentives like gift cards or an afternoon off from work. e) Keep going: Don’t wind down and relax as soon as the holiday season ends. The post-holiday period is going to be just as busy with returns, exchanges, customers cashing gift cards etc. Make sure your employees are energetic even in the first half of Q1. f) Provide self-service: Help your customer support team by having a frequently asked Questions (FAQs) page for simple questions which do not need phone or chat assistance from a live representative. IV. Marketing & sales 74% of retailers agreed that 20% or more of their yearly sales happen in the holiday season, in a survey conducted by channel advisor What drives the holiday shopping frenzy? Firstly, the holiday season is a time of celebration and gifting for everyone. Second, retailers reserve their best deals/promotions for this period. The attractiveness of the deals has spillover effects and affects purchases before and after the holiday season. Consumers postpone and pre-pone their buying to holiday season to capitalize on the amazing deals.Before you clap your hands in joy, remember that all of this holiday rus will not auto-generate sales for you, that will need some effort from your end. The holiday season sees retailers of all sizes unleash marketing campaigns to attract consumer attention towards their brand and products. In order, to meet your holiday revenue targets you need to stand out to your customers. And, here are some cool campaign ideas and holiday strategies that can help you: www.i95Dev.com | Copyright © 2021 i95Dev. All Rights Reserved
1. Plan your participation The last two months of the year have at least one holiday falling in each week. Pore over the holiday list and decide which ones you want to focus on. Use insights from the last holiday season to understand which holidays perform better for you. Plan marketing campaigns and create promotional content for your most active holidays well ahead. Once the holiday season starts you will be boxed in by the deluge of orders and have no wriggle room to work on your holiday marketing. 2. SEO optimize your site, generate more inbound leads 72% of customers start their buying journey in the search engine Optimizing your site to increase its search visibility and ranking is crucial to attract new customers. Adding meta tags to all the pages and alt text for your images is something you must get onto immediately if not done already. Check for broken links and fix them. Here are some key actions you must take: a) Product pages Add the products that are going to be part of your black Friday and cyber Monday deals to your catalog early on. Even if the items would really be available only in the holiday season, getting them on site early can help in two ways: It gives search engines time to index each product page. It is visible to early shoppers. b) Landing pages Get your Cyber Monday and Black Friday pages along with exclusives and promotions pages up early, maybe even months early. Some savvy retailers like Target keep their cyber Monday page up all through the year. This move not only gives it a strong search engine presence but also makes it visible to shoppers who begin to search for cyber Monday sales as early as July or August. Think with Google, a digital marketing publication from Google, in its 2014 edition reported that about 29% shoppers began their Christmas purchasing before Halloween that year. It also pointed out that retailers were aware of this fact and spread their deals throughout the holiday season to cater to early and late shoppers. www.i95Dev.com | Copyright © 2021 i95Dev. All Rights Reserved
“Not only was consumer interest in Black Friday up [27% year-over-year] from 2012, but queries relating to the topic also started about a week earlier.” wrote the think with Google authors Your landing page can start with something basic and evolve as the holiday season nears. For starters, add meta tags, a call to action for sale alerts and hints or previews of what’s to come. After this, slowly add content to the page as you ramp up your content marketing efforts. Once the holiday season starts start displaying your deals and discounts. Don’t forget to offer a Black Friday and Cyber Monday Email Subscription to remind them of deals on offer after the season starts. Online search along with email marketing are the main digital pathways through which customers will come to your portal this holiday season, if the surveys are right. Inbound leads are more likely to convert too, which is why you must prioritize SEO optimization. 3. Design your campaigns early a) Begin content marketing early Content marketing can help attract qualified leads that have higher conversion rates to your site before and after the big sale days. Video marketing is very popular right now and should be on your marketing wish list. Also add how-to-videos or articles for items that are hot that season. Holiday gift guides or blogs that feature your best deals are also good ways to attract traffic to your site. Informational content that helps the consumers’ holiday shopping efforts should be the goal of your content marketing efforts. Some of this content could last beyond the season, a generic post like “what to get my husband for Christmas” might drive visits for several years. b) Email marketing As already mentioned, email marketing maybe the second most effective means to reach prospective shoppers this season. But email campaigns have to be designed well in advance. A compelling promotional email will place your deals favorably to customers using beautiful artwork and copy. Email marketing can deliver a better ROI than your other marketing efforts. www.i95Dev.com | Copyright © 2021 i95Dev. All Rights Reserved
For every $1 you spend on emails marketing, you can expect an average return of $42 (DMA, 2019) c) Social marketing A study by NM Incite found that 71% of cus tomers who expe ri ence positive social care are likely to rec om mend that brand to oth ers, com pared to 19% of cus tomers that receive no response. Social media is already an important channel for marketing but with the advent of buy buttons that enable social checkouts it is poised to dominate your omni-channel retail strategy as well. Social listening helps deliver superior customer service besides yielding marketing insights. Have a separate social media desk as part of your customer support efforts. Social marketing needs to be a key enabler for sales this holiday season. 4. Reward your loyal customers Loyalty needs to be recognized and rewarded and the best time to do it is the holiday season. 75% of shoppers belong to up to 10 loyalty programs, and 62% of consumers feel that the brands that they’re most loyal to have not done enough to reward them. Privilege your loyal customers with previews of offers and let them place advance orders. This not only helps promote loyalty but also spreads orders to different time slots avoiding peak loads and making inventory management and fulfillment easy. 5. Start with your staff Leverage your employees and their social circles for some extra sales. Build custom promotions and get your employees to share them with friends and family. To incentivize them reward them for sales that happen through their reference. www.i95Dev.com | Copyright © 2021 i95Dev. All Rights Reserved
6. Deals & more deals Don’t reserve all your deals and discounts only for the big sale days, run daily deals for early bird shoppers and your last-minute customers as well. This keeps the excitement alive, spreads traffic over more days and boosts sales. Staggering your deals can encourage repeat purchases and make Deals inventory and fulfillment process a lot smoother and cheaper. Use Omni-channel marketing to push your daily deals out to holiday shoppers through email alerts, push notifications, desktop and social media alerts 7. Free shipping Growing customer expectations have made it necessary to offer shipping perks. A survey conducted in 2010 revealed that 93 percent of respondents were more likely to buy online if they were offered free shipping. Costs associated with free shipping can, in fact, be controlled to a certain extent, which can even help astute online retailers attain margin. 8. Packaging matters Packaging determines how customers feel about the product. Holiday season is a busy time and creative gift-wrapping can not only earn you customer gratitude but also loyalty. Holiday packaging is smart marketing spend because it increases shareability. Recent research found that 40% shoppers felt branded packaging would make them more open to recommending a product to friends 9. Utilize third-party marketplaces Omni-channel sales is as important as omni-channel marketing. Holiday season is the best time to explore third-party marketplaces for that extra sales volume. Identify the right marketplace for your business based on demographics and product portfolio. Third-party marketplaces can add value and elevate customer experience to a whole new level. There a bunch of other advantages to leveraging third-party marketplaces: www.i95Dev.com | Copyright © 2021 i95Dev. All Rights Reserved
Cool holiday graphics with holiday greetings for homepage and product pages Inventory listing and management is easy Increases visibility and brand reputation Third-party marketplaces are the best place to introduce and promote new products, as they can be exposed to a large customer base with little effort. All you need for sales success in third-party market- places is to align the right products with the right marketplace. Word of caution: Research selling policies of the marketplace carefully to see how they align with your business policies. Ensure that customers acquired through third-party platforms get the same customer experience as your regular customers. Good customer experience validated by positive reviews can multiply sales on these platforms www.i95Dev.com | Copyright © 2021 i95Dev. All Rights Reserved
10. Don’t forget the flyers Flyers and handouts have been marketing staples for decades now. Even after the advent of email and social media marketing, flyers are still around. Having a pdf flyer in your landing page and emails to exhibit your cyber Monday and black Friday offers is a good idea. The same flyer or handout can be published on deal sites to get some additional traffic your way. Customers looking for discount coupons often land on these sites and advertising costs of these sites are low despite the significant traffic that they see. Ex: GottaDeal.com A goal without a plan is just a wish. If you have high hopes and ambitious targets for this holiday season, act now! Conduct a complete overhaul of your e-store as well as fulfillment and marketing departments. We have covered the most important aspects that should get your attention in this guide. Execute a fair number of these ideas to make this your most successful holiday season ever! www.i95Dev.com | Copyright © 2021 i95Dev. All Rights Reserved
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