Posts Tagged ‘Retailer’

Three Easy Pieces to Achieve Greater Customer Satisfaction

Friday, September 11th, 2009

adam264In the first half of this year, I talked about retailers revamping their marketing mix in the wake of the 2008 holiday season. Now as we approach another holiday season, online retailers have the benefit of knowing more about how their customers react and respond in tough economic times. Now is the time to harness that awareness and strengthen your bonds with customers. Whether you are a marketer, or business owner who wears the marketer hat, you can introduce some new ways to deepen the customer connection.

Expand beyond the walls of your website: September signals a flurry of activity running the gamut from back-to-school functions to various business networking forums. So take this approach and apply it to the online world. For example, many retailers are developing portable widgets that link to their content and services and finding other “outposts” across the web to place the widgets. In addition, the concept of an app store, such as the Conduit Marketplace, is one venue that allows businesses such as eMusic, Cartoon Doll Emporium and Pretentious Pooch to distribute their content and services beyond the walls of their websites. Customer acquisition and overall satisfaction get a boost with this expanded online presence, as more and more customers laud the efforts of retailers who develop convenient applications to meet their needs.

Make information easy to access: Time and again, one popular method retailers use to try to keep consumers satisfied is discounts. Once you understand your customers’ needs and the factors driving their decisions, you need to alert them to the promotion without spending so much time and money doing so that it drains your coffers. Savvy online shoppers know to search for coupons and promotions on sites such as RetailMeNot and A Thrifty Mom. As a matter of fact, these sites have even created customized applications on which shoppers can receive updates via their browser. These sites go the extra mile to be on the same page as consumers by not only lending a virtual helping hand with coupons and discount codes, but also providing a simple conduit to the information their users covet.

Provide convenient forums for feedback and questions: Social networks such as Facebook and Twitter offer another means to gather feedback and answer questions about your company and products. Don’t be shy about utilizing these avenues, but you must plan to be diligent about updating and responding so that negative comments don’t go unanswered. If you decide to create a business Twitter persona, or already have one, decide whether the primary function will be to serve as help desk or a personality that provides color and commentary within your industry. Then make sure that you have a consistent voice as you disseminate messages and responses. Make sure you aggregate all of your social networking tools on your website and create a conduit to customers with a branded community toolbar. Pretentious Pooch, an upscale pet supply store based in Baltimore, is a great example of a small retailer that has been able to deploy social media, content, and e-commerce in a single location to drive loyalty and sales.

Adam Boyden is president of Conduit.

Backchannelmedia Discusses Clickable TV

Tuesday, March 17th, 2009

Do you think Clickable TV will take off?

Retailers – Get Your Customer “Big Picture”

Wednesday, February 4th, 2009

jeff_hassemer3.jpg Make no mistake about it, the 2009 economy is doing no one any favors and there are few bright spots to find. One good result is that poor economies force us to become more efficient with our resources. We need to get the most out of what we have at our fingertips.

Over the past few years, multichannel retailers have been forced to purchase systems to help optimize their channels. One system manages email, another manages direct mail, a third manages your web data, and still a fourth manages your search engine optimization and search engine marketing tactics. In the end, we have a number of disparate operations that have no understanding of the big picture in your marketing strategy. Now is the time to consolidate those efforts into a single source of truth.

For those of you who market across multiple channels, integrating the full customer view is a key to understanding the efficacy of your efforts. Take, for example, search engine marketing. Using just the data that you get from Google or your web analytics team, you can determine which search terms drive the most traffic or the most conversions and continue to invest down that path. But, is this really the right investment? A search term may drive more traffic, but is it the most desirable traffic that you are seeking, and what percent of offline transactions are affected by the search engine marketing? Now, if you were able to overlay the search information into the marketing database, you can see how many offline transactions were affected by search and apply lifetime value and profitability analysis to the keywords to make a more informed decision.

Here comes the good news- as customer interaction channels have proliferated, there has also been an explosion in integration technologies such as SOAP based web services to underpin our ability to programmatically pull together these new channels. The vendor community has done a pretty stellar job of using web services to create application programmatic interfaces (API’s) to aid in the integration effort. Now is the time to apply your energy and efforts to using those capabilities to create a comprehensive view of your customer and your marketing activities around that customer.

For those of you with IT departments to handle this opportunity, congratulations and consider yourself lucky! Those of you who do not have that luxury might be considering outsourcing; look for a solid marketing automation provider that offers a good hosting option. You’ll want a database structure that supports online and offline channels as well as an extensive capability to integrate with downstream execution engines such as email, behavioral targeting, POS and call center applications. Your goal? A single source to manage your entire marketing eco-system - consolidation that can cut your marketing infrastructure budget by 35-50 percent.

In the end, this economy is forcing organizations to adopt new ways to become more efficient. Often adopting new technologies to help consolidate decisions and efforts into one source does this. If there is a bright spot to the economy of 2009, it may be that it helps to usher in a new era that empowers marketers to make better decisions across their channels and become more efficient with their marketing budget. The knowledge and technology to accomplish this is within reach; now’s the time to find it and use it.

Jeff Hassemer is vice president, product management of Entiera.

Billions Wasted on Paid Search Every Year

Tuesday, August 26th, 2008

alex-yoder-headshot-color.jpg If you manage $50,000 or more per month on paid search advertising, evidence suggests that as much as one-third of it is wasted due to sub-optimized search marketing campaigns. Does this mean you are a bad search marketer? The answer is, unquestionably, no. However, the following statistics are sobering and suggest you may want to look at how you manage and optimize your campaigns:

· Paid search advertising is getting increasingly competitive. It makes up nearly 45 percent of all global online advertising expenditures, and JPMorgan forecasts that spend to reach $30 billion in 2008.

· Keyword inflation continues to rise due to competition and the market. Industry studies show Google has surpassed 70-percent share in searches for the first time, and a likely deal between Yahoo/Google may increase Yahoo’s pay-per-click search rate by 22 percent.

· Optimized campaigns can achieve the same results at 69 percent of the cost. WebTrends clients—who previously used a combination of manual methods and bid management tools—experienced an average return on advertising spending improvement of 44 percent only 90 days after switching to WebTrends’ new automated SEM optimization solution. In the past, they essentially wasted 31 percent of their paid search spend.

What’s a retail search marketer to do? In order to continue generating positive returns, today’s search marketers must be smarter, faster and more efficient than their competitors. They must continue to experiment with new campaign variables (ad text, landing pages, geotargets and many others), build a long-tail keyword inventory and stay on top of messaging. Search engines themselves are offering more sophisticated user segmentation and targeting options, resulting in the typical paid search program now having almost limitless possibilities for testing different variables. Each new variable exponentially adds to the number of factors and mathematical performance data that must be tracked. For example:

· 10 keywords, 10 positions, 1 creative = 10^2 combinations

· 1000 keywords, 10 positions, 5 creatives = 5 x 10^4 combinations

· 1000 keywords, 10 positions, 10 creatives, 2 landing pages = 2 x 10^5 combinations

· 1000 keywords, 10 positions, 10 creatives, 2 landing pages, 3 networks = 6 x 10^5 combinations

The real problem, and underlying opportunity, with search engine marketing optimization is that today’s methods and solutions rely on a human to do most of the heavy lifting, from a/b testing, reporting consolidation and results analysis to the seemingly never-ending bid rules creation and adjustments. The expansive keyword portfolios and the sheer number of campaigns that large advertisers manage require a new way of doing things. Forward-thinking marketers will need to discover the optimal balance between what machines do best—handling the constant cycle of analysis, testing and updates across an organization’s paid search portfolios—and the insight and perspective into external industry events and business drivers that humans can bring. In the future, automated SEM optimization solutions will help strike this balance.

Alex Yoder
is WebTrends’ president and CEO.

Live Shopping Bloopers

Wednesday, May 21st, 2008

katiewhite.jpg The home shopping networks we all know and love have sold numerous products over the years using detailed, well thought out demonstrations. However, with live television, mistakes are bound to happen. Robin Barr put together “The 7 Greatest Home Shopping Screw Ups of All Time” for Cracked.com. Enjoy!

Katie White is ERA’s retailer relations manager

DRTV? You Bet

Monday, January 7th, 2008

garrubbo.jpg Some say that ERA appears to have abandoned its original DRTV members in favor of online technologies and advancements. I want to say without any qualms that ERA has not abandoned the DRTV segment of the membership at all. Indeed, DRTV is alive and well at ERA and the association’s commitment to it is demonstrated in many of its offerings, from education and research to the self-regulatory program, and to government affairs advocacy.

At the Annual Convention last September, the Opening Session was dedicated to three celebrities who use television to sell their products primarily through infomercials, as well as interviews with the CEOs of HSN and ShopNBC, both live television shopping channels. In the third quarter of the year, ERA commissioned a research study on The Evolving Role of Direct Response Television in Multichannel Marketing Execution. The research demonstrated that DRTV continues to grow as a marketing medium, but concludes that it has evolved into a driver of multichannel marketing. More significant, in order to make DRTV profitable on the front end, while also driving a multichannel marketing strategy, it shows that DRTV marketers are accelerating their adoption and customization of emerging technologies, especially in the interactive sphere. (more…)