Personalisation as a Catalyst for E-Commerce Growth - Conor MacManus Director of Technology Consulting BDO Brad Christian Chief Commercial Officer ...
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Personalisation as a Catalyst for E-Commerce Growth Conor MacManus Director of Technology Consulting BDO Brad Christian Chief Commercial Officer Conversity © Copyright BDO Eaton Square 2020
Housekeeping and intros 30 minutes duration Interactive Session Please ask questions through the session Use your Raise Hand Icon if you have any issues Contact: t: +353 1 470 0000 | e: conor.macmanus@bdoeatonsquare.ie 2
Agenda • About the BDO Digital Webinar Series • About Conversity • Personalisation Hacks • Q&A Contact: t: +353 1 470 0000 | e: conor.macmanus@bdoeatonsquare.ie 3
About the BDO Digital Webinar Series • Increasing Online Sales using Amazon-style Shopping Experience for your 1 Customers | Tuesday, 20th July @ 11am Speaker: Alan Gormley, CEO of Shopbox • Personalisation as a Catalyst for e-Commerce Growth | Tuesday, 10th August @ 2 11am Speaker: Brad Christian, Chief Customer Officer at Conversity Limited • Why Email Marketing Works | Tuesday, 17th August @ 11am Speaker: Chris Byrne, 3 CEO of SensorPro • Building Brand Equity Without Owning the Online Relationship | Tuesday, 24th 4 August @ 11am - Speaker: Richard McGuinness Chief Revenue Officer at eDesk • Getting Started with Augmented Reality - The Post-Pandemic Shopping Format | 5 Tuesday, 31st August @ 11am - Speaker: Allen Wixted, Founder of Plop Contact: t: +353 1 470 0000 | e: conor.macmanus@bdoeatonsquare.ie 4
Why Choose BDO Digital Consulting Contact: t: +353 1 470 0000 | e: conor.macmanus@bdoeatonsquare.ie 5
We Are Part of BDO Ireland & Worldwide EUROPE Albania Cape Verde Germany Italy Malta Reunion Island Algeria Croatia Gibraltar Jersey Moldova Romania Angola Cyprus Greece Kazakhstan Mongolia Russia Armenia Czech Republic Greenland Kosovo Montenegro San Marino Austria IRELAND Denmark & Faroe Islands Guernsey Kyrgyzstan Morocco Serbia Azerbaijan Estonia Hungary Latvia Netherlands Slovak Republic Dublin Belarus Finland Iceland Liechtenstein Norway Slovenia Cork Belgium France (French Guiana) Ireland Lithuania Palestine Spain Limerick Bosnia Herzegovina French Polynesia Isle of Man Luxembourg Poland Sweden Belfast Bulgaria Georgia Israel Macedonia Portugal Switzerland Tajikistan Tunisia Turkey Turkmenistan Ukraine United Kingdom NORTH AMERICA AND CARIBBEAN Anguilla Aruba Bahamas Barbados British Virgin Islands Canada ASIA PACIFIC Cayman Islands Australia Laos Curaçao LATIN AMERICA Afghanistan Malaysia Dominican Republic Bangladesh Myanmar Argentina Jamaica Bolivia MIDDLE EAST Brunei Darussalam New Zealand Montserrat Cambodia Pakistan Brazil Bahrain Puerto Rico China Papua New Guinea Chile Egypt St Kitts & Nevis Fiji Philippines Colombia Jordan St Lucia Hong Kong Singapore Costa Rica Kuwait St Maarten Ecuador SUB-SAHARAN AFRICA Lebanon India Sri Lanka St Vincent & the Grenadines Indonesia Taiwan El Salvador Botswana Nigeria Oman Suriname Japan Thailand Guatemala Burundi Rwanda Qatar Trinidad & Tobago Korea Vietnam Honduras Comoros Seychelles Saudi Arabia USA Laos Mexico Ethiopia Sierra Leone UAE US Virgin Islands Panama Kenya South Africa Paraguay Madagascar Tanzania Peru Malawi Uganda Uruguay Mauritius Zambia Venezuela Mozambique Zimbabwe Namibia Contact: t: +353 1 470 0000 | e: conor.macmanus@bdoeatonsquare.ie 6
Accelerate Your Business Online GROWTH Contact: t: +353 1 470 0000 | e: conor.macmanus@bdoeatonsquare.ie 7
Why does personalisation matter? Brands and retailers are increasingly losing connection with their consumers... The Online Customer Experience . . . it’s just not that good • Catalogues of products and services on the internet • Impersonal; rows of pictures, specs, and pricing • Navigation typically requires pre-existing knowledge Contact: t: +353 1 470 0000 | e: conor.macmanus@bdoeatonsquare.ie 9
Does Personalisation Drive Growth? Marketers see an 80% of shoppers are 77% of consumers have average increase of more likely to buy from a chosen, recommended, or 20% in sales when company that offers paid more for a brand that using personalised personalised experiences provides a personalised experiences experience Contact: t: +353 1 470 0000 | e: conor.macmanus@bdoeatonsquare.ie 10
What does it mean to be cookieless? Forrester Research's definition of zero-party data is as follows: "Zero-party data is that which a customer intentionally and proactively shares with a brand. It can include preference center data, purchase intentions, personal context, and how the individual wants the brand to recognize them. Contact: t: +353 1 470 0000 | e: conor.macmanus@bdoeatonsquare.ie 11
Intelligent Guided Selling Contact: t: +353 1 470 0000 | e: conor.macmanus@bdoeatonsquare.ie 12
What is it and how does it work? Contact: t: +353 1 470 0000 | e: conor.macmanus@bdoeatonsquare.ie 13
Replicating the in-store experience online Contact: t: +353 1 470 0000 | e: conor.macmanus@bdoeatonsquare.ie 14
LEGO Gift Finder Journey Contact: t: +353 1 470 0000 | e: conor.macmanus@bdoeatonsquare.ie 15
3 Personalisation Hacks Contact: t: +353 1 470 0000 | e: conor.macmanus@bdoeatonsquare.ie 16
3 E-commerce Personalization Tools Contact: t: +353 1 470 0000 | e: conor.macmanus@bdoeatonsquare.ie 17
How Can We Help? Get In Touch. Brad Christian Chief Commercial Officer brad@conversity.com +1 (678) 294-9988 +44 (0) 203 515 0311 Conversity’s 2021 Global E-commerce Study Conversity conducted a consumer study in 2021 across the US, UK and Canada to research how, where and why customers engage with e- commerce sites. Here is the URL for our study: https://www.conversity.com/e-commerce- %e2%80%a8global-consumer-study/ Contact: t: +353 1 470 0000 | e: conor.macmanus@bdoeatonsquare.ie 18
Questions and Answers Contact: t: +353 1 470 0000 | e: conor.macmanus@bdoeatonsquare.ie 19
Beaux Lane House Mercer Street Lower Dublin 2 D02 DH60 Euro House Castleview Little Island Cork T45 WK12
Look Fabulous Forever Make up & skincare finder for older faces Launched in April 2021, results for driving and conversion were immediate with Look Fabulous Forever using the guided journey as an effective marketing tool with a link to the Colour Quiz on social media and through customer outreach. “We developed a tool to help our customers find the perfect colour. That confidence thing is really the key to conversion. It's driving our new customer acquisition and will be a vital part of our long-term business growth.” Janis Thomas Ecommerce Marketing Director Look Fabulous Forever Contact: t: +353 1 470 0000 | e: conor.macmanus@bdoeatonsquare.ie 21
Life Extension Europe Life Extension Europe is a provider of vitamins and health supplements, alongside tailored advice and guidance. “Conversity’s IGS tool makes a huge difference to customer acquisition, satisfaction and our ability to design and target our campaigns more effectively.” Heidi Ahlefeldt-Laurvig Chief Commercial Officer - Life Extension Europe 69% Increase in 54% Reduction in 2X Online customer customer Conversion engagement acquisition cost Rate (OCR) Contact: t: +353 1 470 0000 | e: conor.macmanus@bdoeatonsquare.ie 22
McCabes Pharmacy McCabes Pharmacy is a provider of healthcare services and products headquartered in Ireland. “McCabes Pharmacy strengthens bonds with online customers through Conversity’s Intelligent Guided Selling tool.” Sean Gleeson Head of Online – McCabes Pharmacy 27% 157% Increase in 2X Average session Average order products added to duration value increase basket increase Contact: t: +353 1 470 0000 | e: conor.macmanus@bdoeatonsquare.ie 23
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