How To Sell More On Lazada
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List of Updates Content Updates Detail Related Pages Update Date Lazada platform interface`s The homepage, searching result page, and P7-8, P11-12, P15-17, 4/1/2018 changes product page P21-23. P29, P32, &P38 Lazada Website Update Findability Optimization P18 2/3/2018 Seller Center Update Stock Allocation Display Update P30 & P31 2/3/2018 Strictly Confidential 2
Agenda 1. Understand the Customer Journey 2. Drive Traffic to Your Store i. Impression ii. Views iii. Conversion 3. Lazada Ranking Algorithm 4. Leverage on Lazada Resources i. Lazada Communication Channels ii. Promotional Campaigns iii. Lazada University 3
Understanding the Customer Journey Main Process Discovery Research Purchase Awaiting Delivery Fulfilment Where the customer Where customer first Where the customer searches for a product Where the customer hears about Lazada chooses delivery & Where the customer and compares different receives order status e.g. Newspaper Ads, payment option, and receives items products to make a updates FB ads, Word-of mouth makes payment decision 4
Understanding the Customer Journey Influencing factors Research Customers` Product Search Product Comparison Make a Purchase point of view Key Metrics 1. Impression 2. Views 3. Conversion Good Content Good Content Good Content Key Factors Attribute Fill Rate (Filters) Attribute Fill Rate (Filters) Competitive Pricing Relevant Assortment Competitive Pricing Attribute Fill Rate (Detailed) Product Rating Product Rating *Gets your products on the top pages per category Stock Availability Seller Rating 5
Agenda 1. Understand the Customer Journey 2. Drive Traffic to Your Store i. Impression ii. Views iii. Conversion 3. Lazada Ranking Algorithm 4. Leverage on Lazada Resources i. Lazada Communication Channels ii. Promotional Campaigns iii. Lazada University 6
Drive Traffic to Your Store 1. Impression 2. Views 3. Conversion How can I make sure the customer finds my product? 7
Drive Traffic to Your Store 1. Impression 2. Views 3. Conversion Good Content – Category Customer Behavior: • Customers search through category tab. • Sellers must create SKUs under the correct deepest category, otherwise 0 exposure. Home Page Searching Page Clear Category Navigation 8
Drive Traffic to Your Store 1. Impression 2. Views 3. Conversion Good Content – Category Seller Action: Choose the correct category Seller Center Choose the correct category Web Platform Check how good sellers categorize similar items 9
Drive Traffic to Your Store 1. Impression 2. Views 3. Conversion Good Content – Category Good Example Bad Example This should be mini dress, not maxi dress. How to fix? • Wrong Category Level 1: o Delete and re-create; or, o Contact HK PSC for revising. • Wrong Category Level 2 to 6: o Revise by Mass Update on your own. 10
Drive Traffic to Your Store 1. Impression 2. Views 3. Conversion Good Content – First Image Using white background image is not mandatory. But, having a white background image will increase the chances of your product being displayed on the home page. 11
Drive Traffic to Your Store 1. Impression 2. Views 3. Conversion Good Content – Naming Mostly prefer to search with specific criteria Result: Shortlisted products display in the result page Example as below. Product traffic of the right page possibility has been increased by several times! 12
Drive Traffic to Your Store 1. Impression 2. Views 3. Conversion Good Content – Naming Good Example Bad Example 1. Concise name 1. Pile up words with 2. Key attributes similar meaning included 2. No color indicated 3. logical name 3. Illogical name 13
Drive Traffic to Your Store 1. Impression 2. Views 3. Conversion Attribute Fill Rate (Filters) Customer Behavior: When no filter applied Example • Too many items under search result. • Most probably, customers will browse the first few pages only. • Customers use filters to sort out the When 4 filters applied items that they have interest. • Using filters help to reduce the search result from 25,312 items to 246! • Items with complete attributes will have much higher traffic. 14
Drive Traffic to Your Store 1. Impression 2. Views 3. Conversion Attribute Fill Rate (Filters) Seller Action: • Mandatory attributes: Must fill in correct value. • Optional attributes: Strongly suggest to fill in correct value. Seller Center Web Platform Attributes Filter Tips: Compare the filters that are on the catalogue page relevant to your product . 15
Drive Traffic to Your Store 1. Impression 2. Views 3. Conversion Attribute Fill Rate (Filters) Good Example Optional Fill in all attributes attributes applicable. Bad Example Only fill in mandatory attributes. 16
Drive Traffic to Your Store 1. Impression 2. Views 3. Conversion Relevant Assortment Why? • Increased chances of meeting a larger pool of customers’ needs • Offer the luxury of comparison • Higher exposure and traffic How? • Sell variety of models/product variation within the same category Tips 1. Check assortment at top of page, these are the fast moving ones 2. Check products with high demand in the market 17
Drive Traffic to Your Store 1. Impression 2. Views 3. Conversion (Applicable for MY, TH, SG) Findability Optimization The new search algorithm focuses on real time user level personalization. Sellers can improve their search ranking by following the below guidelines: Product Title • Product title is an important factor for search, so ensure your titles follow content guidelines; a good title would include: Brand, Model, Attribute 1, Attribute 2. e.g. ‘Apple iPhone 8 64GB Silver’. • The key is to include keywords that are relevant to the product and that users would search. Attributes • More attributes (e.g. screen size, color etc.) used in both product recall and personalization ranking, so ensuring each product has complete and accurate attributes will improve product visibility in both filters and search. Customer Satisfaction • Customer satisfaction is judged by multiple factors, including: seller and product reviews; the higher customer satisfaction, the better. Services • Sellers that provide the payment options that customers prefer may have a higher chance of getting visibility. Product Performance • SKU performance is an important factor in search. E.g. the more valid clicks and orders an SKU gets the better its rank. Although sellers can’t directly control this, they can influence via low prices and good content. 18
Agenda 1. Understand the Customer Journey 2. Drive Traffic to Your Store i. Impression ii. Views iii. Conversion 3. Lazada Ranking Algorithm 4. Leverage on Lazada Resources i. Lazada Communication Channels ii. Promotional Campaigns iii. Lazada University 19
Drive Traffic to Your Store 1. Impression 2. Views 3. Conversion How do I convince a customer to click on my product? Good Content - Image Good Content - Naming Competitive Pricing Product Rating 20
Drive Traffic to your Score 1. Impression 2. Views 3. Conversion Good Content – Image & Naming Why? • This is what customers will notice at first glance and influences if they will click to the product page and explore further or purchase • It will differentiate your product from others How? • Image - Follow the Lazada Image Guidelines which are designed to give customers a good first impression of your product, enticing them to click Freebie Template on it o Details please see Product First Image on Lazada University o Add freebie to your first image • Naming - Ensure your product name includes key attribute and frequency searching words. 21
Drive Traffic to your Score 1. Impression 2. Views 3. Conversion Competitive Pricing Why? • For two identical products, pricing plays an important role in a customers decision to purchase How? • Compare your price with your competitors • Don’t forget to check prices in physical stores as well as online Tips 1. Always set a special price to attract customers` attention. 2. Ensure your RRP is real– do not put a higher RRP to have a high discount – you reduce your credibility to the customer 22
Drive Traffic to Your Store 1. Impression 2. Views 3. Conversion Product Rating Why? • Customers feel confident in purchasing products with good reviews from other customers. How? • Ensure that your product is of the highest quality. • Ship out your products within the stated time frame • The product delivered to the customer must match the description, color, specification etc. stated on the product page 23
Agenda 1. Understand the Customer Journey 2. Drive Traffic to Your Store i. Impression ii. Views iii. Conversion 3. Lazada Ranking Algorithm 4. Leverage on Lazada Resources i. Lazada Communication Channels ii. Promotional Campaigns iii. Lazada University 24
Drive Traffic to Your Store 1. Impression 2. Views 3. Conversion What will influence customers to buy my products over competitors? Good content Competitive pricing Attribute Fill Rate (Detailed) Seller rating Product rating Stock availability 25
Drive Traffic to Your Store 1. Impression 2. Views 3. Conversion Good Content – Product Description Why? • The more information and better quality pictures on the product page, the more confident customers will feel about purchasing your product How? • Include as much information on your product as possible • When uploading products, avoid leaving out recommended fields just because it’s not mandatory Tips 1. Include images/videos and detailed information under product description. o Details please refer to Product Description on Lazada University 26
Drive Traffic to your Score 1. Impression 2. Views 3. Conversion Good Content – Images Why? Good Example • The more information and better quality pictures on the product page, the more confident customers will feel about purchasing your product • More images allow a customer to make a more informed decision by analyzing the product on pictures (in addition to reading the description), greatly enhancing the likelihood the purchase is Show Video here correct How? • Provide 360o view of your product • Follow Image Guideline Bad Example Tips 1. Show video under the Image part, via inserting a “Video URL” in Seller Center 27
Drive Traffic to Your Store 1. Impression 2. Views 3. Conversion Good Content – Pricing Why? • For two identical products, pricing plays an important role in a customers decision to purchase How? • Compare your price with your competitors • Don’t forget to check prices in physical stores as well as online • Give attractive discounts on recommended retail prices • Know how the multisource feature works Tips 1. Always set a special price to attract customers` attention. 2. Ensure your RRP is real– do not put a higher RRP to have a high discount – you reduce your credibility to the customer 28
Drive Traffic to Your Store 1. Impression 2. Views 3. Conversion Attribute Fill Rate (Detailed) Why? Seller Center • Provides customers with more information, which gives the customer the confidence to purchase. • Product turns up in the right categories when filtered How? Ensure you create your products Web Platform ✓ With the right attributes Tips 1. Mandatory attributes are marked with the asterisk (*) symbol in Seller Center, for a single upload method and marked in red in a mass upload template 2. Filling out maximum attributes helps with product boosting and brings your product to the top of the page. 29
Drive Traffic to Your Store 1. Impression 2. Views 3. Conversion *ID, PH and VN only. MY, TH, SG please see next page. Stock Availability Why? • Customers can’t buy your product if it is out of stock o The product will not appear on the site OR o The product will appear but the customer will not be able to order due to “Out of Stock” • Maintaining sufficient stock levels will ensure that there are no missed sales opportunities for your shop How? • Keep track of stock levels especially for popular/top selling products regularly • Ensure checks on stock levels are done prior to campaigns when there will be increased customer traffic to the website 30
Drive Traffic to Your Store 1. Impression 2. Views 3. Conversion (Applicable for MY, TH, SG) Stock Allocation Display Update Before After Click on ‘History’ to view details of past stock operations and ‘Detail’ to view the quantity of all stocks. Before After Allocated Stock Dropshipping Stock Comparison Withholding Stock Reserved Stock Occupied Stock Available Stock Sellable Stock Notes: • Withholding Stock: Withholding Quantity refers to the inventory that has been ordered but has not been paid and is within the withholding period. If the payment is overdue, the withholding inventory will be automatically released to the sellable inventory. • Occupied Stock: Occupancy Quantity refers to the inventory of the valid transaction that has been paid but is waiting for delivery 31
Drive Traffic to Your Store 1. Impression 2. Views 3. Conversion Seller Rating Why? • A good seller rating will increase the likelihood of customers buying products from you instead of another seller How? • Check your weekly performance report and always work on improving the seller rating. Tips • Order Fulfillment: Ship out your orders within the stated time frame to improve customer satisfaction. • Customer Services: Increase the response rate and speed to answer customers` questions. • Product Quality: 1) Ensure SKU description matches the product. Provide detailed description to reduce the possible concerns/doubts from customers. 2) Add reminders in the SKU description, or put a “Thank you” card in the parcel sent to customers. 32
Agenda 1. Understand the Customer Journey 2. Drive Traffic to Your Store i. Impression ii. Views iii. Conversion 3. Lazada Ranking Algorithm 4. Leverage on Lazada Resources i. Lazada Communication Channels ii. Promotional Campaigns iii. Lazada University 33
Lazada Ranking Algorithm Example Description • Search Algorithm prioritizes results via content • The algorithm decides based on the relevance for the customer to update the search result page. • Main factors are: 1. Product name needs to be concise; 2. Category needs to be accurate; 3. Competitive pricing; 4. Using white background first images 5. Provide detailed product attributes 6. Ranking Score: determined by showing the product with the highest relevancy on top for the customer. Factors include click and conversion rate. • Mismatches between Category and Name are penalized and the product will be de-ranked. 34
Agenda 1. Understand the Customer Journey 2. Drive Traffic to Your Store i. Impression ii. Views iii. Conversion 3. Lazada Ranking Algorithm 4. Leverage on Lazada Resources i. Lazada Communication Channels ii. Promotional Campaigns iii. Lazada University 35
Leverage on Lazada Resources i. Lazada Communication Channels ➢ Email is the main communication channel in Lazada. Receive all our latest information regarding •Promotions •Webinars for promotions and promotion tools •Suggested products and price for promotions (Applicable for some products of priority sellers only) ➢ Check your emails regularly, including your spam box ➢ Please contact Crossborder Partner Support Center by filling out the Online Request Form if you wish to change contact email address We have noticed a strong correlation between Sales and email Open rate. The Sellers who follow our tips and get implicated are the ones who sell the most on the platform. 36
Leverage on Lazada Resources ii. Promotional Campaigns 4 Major Regional Campaigns per Year Tet / Lunar New Year Lazada Anniversary Ramadan Online Festival February: June: November-December: March: • Celebrate the lunar new • Celebrate Ramadan with • Biggest sale with mega days on year in SEA • Celebrate Lazada’s birthday 11/11 & 12/12 Lazada • MY, ID, SG, TH, PH and VN • MY, ID, SG, TH, PH and VN • MY, ID, SG, TH, PH and VN • ID and MY On-going Local Campaigns Typical Campaign Sales Uplift January February March April May June Daily Revenues July August September October November December Normal Campaign Day Day 37
Leverage on Lazada Resources ii. Promotional Campaigns Seller Action: Join by storewide discount or via Promotion tool in Seller Center Web Platform Mobile APP During campaign, deals take up the most of Homepage. 38
Leverage on Lazada Resources iii. Lazada University Training Materials Training Sessions You could watch the video and PDF to learn by yourself. Register and attend to the free online sessions we provide. 39
Related Files Please login to Lazada University and download the following files: • How to Mass Update • Image and Content Guidelines • Product First Image • Product Description More Questions? ▪ Check out our FAQ page ▪ Contact Crossborder Partner Support Center: ➢ Hong Kong Partner Support Center 40
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