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Ready for your next sales promotion?
For some ecommerce teams, it’s a time-consuming task deciding which items to markdown and how to publicize a sales event. However, sales promotions play an integral role in attracting customers.
A survey found that up to 50% of consumers make a purchase only with a promotion. Shoppers desire a good deal before they invest in your products. Moreover, your business may want the additional revenue.
“Sales promotions can give you the edge you’re looking for when it comes to revenue. Successful companies know that sales promotions are among the most effective methods of increasing sales and building customer satisfaction,” writes Emily Weisberg, content marketing manager at ThriveHive.
Take a strategic approach when planning your sales promotions. Below are five smart ways to help your team.
Sales promotions take various shapes and forms. Cater your incentives to fit your consumers’ needs.
Start by using customer analytics. Historical purchasing habits can uncover what promotions performed well. Social media comments also provide first-hand details on whether customers possess interest.
Next, match your findings with a sales initiative. From mystery discounts to purchased-based donations to bundle sales, several options exist.
Monetate “found that 56% of businesses agree that flash-sale campaigns are better received than regular campaigns.” Limiting the timeframe creates urgency for the customer to act now.
Thinking about free offers? PaySimple’s Vice President of Knowledge Lisa Hephner explains the power of free incentives:
“Everyone loves free. Whether it’s free gifts, free refills, or free service segments, free sells. One of the most powerful free offers is free shipping for online orders, as evidenced by multiple studies where respondents highlight it as the most important factor in making a purchase decision.”
Figure out the best promotions for your customers. Review your data before moving forward.
Every sales promotions doesn’t need to involve discounting your signature product. Instead, it can focus on secondary items.
Cross-selling is another opportunity to provide value to your customers. Buyers love convenience, and they want to save time shopping at one place. And it eliminates the hassle of sifting through multiple ecommerce sites.
Align your promotions with products that complement one another. Give consumers the chance to buy everything they need from your store.
“Savvy marketers use this concept to increase sales by informing consumers how one product complements another. Cross selling can take several forms. Understanding your customers’ motivations helps you choose which approach to take,” says Sara Huter, a contributor at BusinessBee.
For example, if your company sells cell phones, your team can offer a promotion on the accessories, like bluetooth earbuds, phone cases, or charging cables.
Research found that “cross-selling was shown to be much more effective when presented on the checkout pages versus the product pages.” So, add images of promotional products in the sidebar menu.
Plus, cross-selling aids with bringing in more cash flow for your business. Amazon credits up to 35% of its revenue to cross-selling.
Think differently about ecommerce sales promotions. Don’t remove cross-selling from your list of possibilities.
Microtargeting isn’t a new technique to your team. Nevertheless, you may be failing to put it into practice.
Segmenting your audience lets your business offer the right promotions to the right individuals. Customization speaks directly to consumers—signaling that you know exactly what they need.
Melissa Jenkins of Mel Jens Designs believes “running a successful promotion is all about finding that delicate balance between audience segmentation, great timing and setting the perfect price or placing the perfect offer.”
Examine your data to segment properly. Try geographical locations, buying habits, income levels, or even past purchasing behavior.
Dealers United Auto Group created mock ads targeted for car shoppers within 25 miles of the dealership that possess an interest in pets. Specificity is vital for effective micro targeting.
A study reveals that 51% of marketers believe sharing data across their organizations is a major issue. Avoid data limitations that will hinder segmentation for your sales promotions.
Create an open dialogue across departments to gather all data about your customers. You’ll have more knowledge to build an accurate buyer persona.
Pinpoint who needs to know about your sales event. Microtargeting is a benefit to your company.
Draw attention to your sales promotions with social media and email campaigns. This extra engagement will get people interested in your sales incentives.
Facebook users spend an average of 50 minutes a day on its multiple platforms. Work with your team to promote sales on your social pages. Or even enlist the help of industry influencers to spread the word.
User-generated content (UGC) is also another way to lure shoppers toward your brand. Actual consumers enjoying your products authenticates your value to hesitate buyers.
“User-generated photos are a great way to generate social proof. Prospective customers see that your products are regularly being purchased people just like them, and feel more comfortable doing something that others are doing,” says Dan Wang, a content specialist at Shopify.
Big box retailer Target retweeted a post from loyal shoppers who made a funny video in one of its stores. Encourage customers to submit UGC of them unboxing your products.
when @Target is having a sale pic.twitter.com/RIUu6p3zLs
— spooky addie |-/ (@blurrytylerjosh) October 15, 2016
Also, keep your email subscribers in the loop about promotions. Craft engaging emails that explain the benefits, provide social proof, and use a distinct call-to-action.
“When it comes to creating a high-converting marketing offer email, the final piece of the puzzle is using a prominent call to action button. This is important because buttons make it clear to the reader what the next step is and encourage them to click-through,” states Aaron Beashel, director of demand generation at Campaign Monitor.
Shout your sales promotions from the rooftop. Get shoppers excited to participate.
Returning customers spend on average 67% more than first-time customers. Consider promotions as a pathway to retaining customers.
Give your customers an opportunity to discover your brand’s values and culture. Sign up shoppers for your weekly newsletter, or enroll them in your rewards program.
Customer loyalty centers around building worthwhile relationships. However, buyers may only be interested in your promotions.
“The use of sales promotions can be positively utilised in order to encourage brand loyalty and brand switching by companies. However, academic research suggests that consumers can become loyal to sales promotions rather than a brand,” states Zhorna Ali, a sales and marketing assistant at M3.
To avoid consumers from brand switching, companies must thoroughly personalize their sales promotions strategy. Focus on specific product categories to remain competitive within the market.
Rather than giving sales incentives to everyone, Bare Escentuals limits its promotions to its loyal fans called Beauty Insiders. In the example below, customers received three free items with any order.
Create plans to engage customers beyond your sales promotions. Earn their loyalty.
Planning for your next sales event involves lots of time and decision-making. You want to boost your revenue and satisfy customers.
Choose buyer-specific incentives that will attract people. Cross-sell products that complement one another. And think beyond the promotion by focusing on customer loyalty initiatives.
Upgrade your sales promotion. Prepare for it today.
About the Author: Shayla Price lives at the intersection of digital marketing, technology and social responsibility. Connect with her on Twitter @shaylaprice.
Posted by BritneyMuller
If you’ve been doing keyword research for a while, you’ve probably fallen into a routine. And that routine has likely been recently disrupted... thanks, Google.
If you’re new to keyword research, getting comfortable with new keyword research tools will come more easily to you. Lucky pups. But us change-averse old dogs can still learn new tricks when we need to. Are you ready to see which tool is right for you? --Woof.
Here are some great guides if you need a Moz Keyword Explorer refresher, or a Google Keyword Planner refresher.
Any habits we’ve held onto with Google Keyword Planner were disrupted early September when they decided to stop providing average monthly search volume data (unless you’re in that special group of higher-paying ad buyers who can still access the more precise search volume data). Instead, we now see huge swings of min-max search volume, which really starts to muddy the keyword research waters. Google recently came forward to explain that this change was done to deter scrapers from pulling their search volume data.
For a more comprehensive write-up on this change, read Google Keyword Unplanner by Russ Jones. He explains a little more about how this change affects various data sources and what Moz has been doing to mitigate the impact.
But, showing is better than telling. So let’s take a look for ourselves:
A 900,000 average monthly search volume swing is crazy! In fact, Google now only provides one of seven volume sizes: 0–10, 10–100, 100–1000, 1000–10000, 10000–100k, 100k–1MM and 1MM+.
Moz’s Keyword Explorer also gives ranges, but they’re not nearly as vast (or as arbitrary). The machine-learning model behind Keyword Explorer is designed to predict monthly fluctuations in search volume. It’s mathematically tied to the most accurate keyword data available, and you can see exactly how, and how accurate Moz gets in this Clickstream Data to the Rescue article.
What's most important to you when doing Keyword Research?
— Britney Muller (@BritneyMuller) September 1, 2016
Quality keywords successfully target your demographic during their acquisition phase (education - purchase), have a specific searcher intent, low-medium organic competition, and medium-high search volume (this will vary based on what part of the acquisition funnel you're targeting).
However, it's important to keep in mind that some longer-tail queries (with little to no search volume) can be highly profitable as well.
This is my familiar ol, kooky friend that has been acting very strange lately (anyone else noticing all of the delays and glitches?). I’m a little worried.
Anywho, here’s how I begin keyword research within Keyword Planner:
My hip new friend that I’m not sure I can trust just yet. However, multiple trusted friends vouch for her integrity and... I really dig her style.
Here’s how I begin keyword research within Keyword Explorer:
Either way, this will give you one giant list of 1,000 keywords, which can be tough to pace through (compared to the 100 keyword chunks in GKP). A progress bar of sorts would be nice.
The thing that’s taken the most getting used to is not seeing a competition/difficulty metric adjacent to the search volume. The whole goal of keyword research is to discover opportunity gaps that offer mid-to-high search volume with low competition. If you’re anything like me, you’ve ran hundreds if not thousands of strange SEO tests and are very aware of what you can achieve “competition”-wise (domain-dependent) and what you can’t. (Or when a higher-competition keyword should take the form of a longer SEO plan.)
*It’s important to note that the KWP “Competition” metric is an advertising metric.
Despite this metric occasionally leading to an SEO correlation, it’s often misleading and not an accurate representation of how competitive the organic results are.
The KWE “Difficulty” metric, on the other hand, is an organic search metric. It also leverages a smarter CTR curve model to show when weaker pages are ranking higher (in addition to other ranking signals).
That being said, having to wait to find out the competition metric of a keyword until after I add it to a list is frustrating. I can’t help but feel that I’m not selecting keywords as strategically as I could be. Hopefully, Moz will add a historical competition metric up front (adjacent to search volume) sometime in the near future to help us better select ripe keyword opportunities.
The relevancy metric doesn’t do much to help my research because I’m already relying on the keywords themselves to tell me whether or not they're relevant/have a unique user intent.
(I told you guys I would be honest!)
Navigational: Searchers seeking a destination on the web.
Example: "University of Minnesota tuition"
Informational: Searchers researching, getting quick answers, often times using what, who, where, how, etc. modifiers.
Example: "what is a conker"
Commercial Investigation: Searchers investigating beyond an informational query. Comparing brands, searching for "best," researching potential clients, etc.
Example: "ppc experts in london"
Transactional: Searchers looking to purchase something, comparing rates, seeking prices for things, etc.
Example: "affordable yoda action figure"
Transactional and Commercial Investigation types tend to be most profitable (depending on business model). For example, a blog could do very well from Informational-type keywords.
If you want a more in-depth understanding of keyword types; read Rand's Segmenting Search Intent. <-- An oldie, but a goodie!!
For whatever reason, “student loans” painted an accurate picture (of what I’ve found to be true across other competitive keywords) for each prospective tools’ wheelhouse. So, “student loans” will serve as our point of reference throughout this comparative analysis.
Moz Keyword Explorer | Google Keyword Planner | |
---|---|---|
Term: | "student loans" | "student loans" |
Region: | United States | United States |
Spectrum: | Include a mix of sources | Broad |
Group Keywords: | No | - |
Total Results: | 1000 | 700 |
#Keywords With Intents: | 43 | 40 |
Keyword | Modifier | Type | Min Volume | Max Volume | Difficulty | Opportunity | Importance | Potential |
---|---|---|---|---|---|---|---|---|
student loan consolidation | consolidation | Commercial Investigation | 11501 | 30300 | 60 | 83 | 3 | 79 |
student loan calculator | calculator | Informational | 11501 | 30300 | 75 | 100 | 3 | 76 |
student loan | - | Informational | 118001 | 300000 | 82 | 84 | 3 | 82 |
federal student loan | federal | Navigational | 30301 | 70800 | 63 | 48 | 3 | 76 |
student loan refinance | refinance | Commercial Investigation | 11501 | 30300 | 55 | 83 | 3 | 77 |
student loan repayment calculator | repayment calculator | Informational | 11501 | 30300 | 67 | 100 | 3 | 74 |
student loan interest rates | interest rates | Commercial Investigation | 6501 | 9300 | 53 | 54 | 3 | 69 |
student loan hero | hero | Navigational | 1701 | 2900 | 49 | 19 | 3 | 53 |
student loan forgiveness | forgiveness | Commercial Investigation | 70801 | 118000 | 62 | 86 | 3 | 86 |
student loans information | information | Informational | 501 | 850 | 90 | 55 | 3 | 39 |
applying for student loans | applying for | Informational | 4301 | 6500 | 72 | 55 | 3 | 60 |
fafsa student loans | fafsa | Navigational | 2901 | 4300 | 98 | 56 | 3 | 28 |
bad credit student loan | bad credit | Commercial Investigation | 1701 | 2900 | 44 | 83 | 3 | 70 |
student loan websites | websites | Commercial Investigation | 851 | 1700 | 79 | 53 | 3 | 48 |
where to get student loan | where to get | Informational | 501 | 850 | 76 | 55 | 3 | 47 |
citibank student loans pay | citibank pay | Navigational | 201 | 500 | 29 | 94 | 3 | 64 |
how to get a school loan | how to get a | Informational | 201 | 500 | 68 | 55 | 3 | 45 |
how to find my student loans | how to find my | Navigational | 101 | 200 | 54 | 58 | 3 | 48 |
how to check student loans | how to check | Navigational | 101 | 200 | 63 | 55 | 3 | 45 |
discover private student loan | discover private | Navigational | 101 | 200 | 53 | 21 | 3 | 36 |
check my student loan balance | check my balance | Navigational | 101 | 200 | 55 | 100 | 3 | 52 |
apply for student loan online | apply for online | Transactional | 101 | 200 | 68 | 53 | 3 | 41 |
look up student loans | look up | Commercial Investigation | 101 | 200 | 53 | 90 | 3 | 51 |
student loan now | now | Transactional | 51 | 100 | 72 | 86 | 3 | 42 |
stafford student loans login | stafford login | Navigational | 51 | 100 | 76 | 60 | 3 | 36 |
federal student loan lookup | federal lookup | Navigational | 11 | 50 | 55 | 100 | 3 | 46 |
how to view my student loans | how to view my | Informational | 11 | 50 | 57 | 64 | 3 | 39 |
how do i find out who has my student loan | how do i find out who has my | Informational | 11 | 50 | 59 | 86 | 3 | 42 |
apply for additional student loans | apply for additional | Commercial Investigation | 11 | 50 | 73 | 64 | 3 | 34 |
what student loans do i owe | what do i owe | Informational | 11 | 50 | 50 | 41 | 3 | 34 |
student loan application status | application status | Navigational | 0 | 10 | 72 | 100 | 3 | 33 |
what is federal student loans | what is federal | Informational | 0 | 10 | 78 | 58 | 3 | 25 |
who services federal student loans | who services federal | Informational | 0 | 10 | 68 | 100 | 3 | 22 |
apply for student loan by phone | apply for by phone | Transactional | 0 | 10 | 86 | 86 | 3 | 11 |
national student loan locator phone number | national locator phone number | Informational | 0 | 0 | 58 | 29 | 3 | 11 |
i owe student loans who do i call | i owe who do i call | Informational | 0 | 0 | 50 | 94 | 3 | 26 |
where do i find my student loan interest | where do i find my interest | Informational | 0 | 0 | 78 | 58 | 3 | 11 |
how to find my student loan account number | how to find my account number | Informational | 0 | 0 | 55 | 100 | 3 | 25 |
how much federal student loans do i have | how much federal do i have | Navigational | 0 | 0 | 80 | 46 | 3 | 8 |
where do i pay my government student loans | where do i pay my government | Navigational | 0 | 0 | 77 | 55 | 3 | 11 |
student loans lookup | lookup | Navigational | 0 | 0 | 55 | 100 | 3 | 26 |
student loans payment history | payment history | Navigational | 0 | 0 | 66 | 46 | 3 | 14 |
how many school loans do i have | how many do i have | Navigational | 0 | 0 | 68 | 90 | 3 | 21 |
The Importance metric: ...is powerful! However, I’ve left all my results at a neutral Importance (3) so you can see downloaded results without any customization (and to keep things fair, because I’m not prioritizing GKP keywords).
If you choose to use this metric, you set a priority level for each keyword (1=not important, 10=most important) that will then influence the keyword's Potential score. This allows you to more easily prioritize a keyword plan, which is very helpful.
https://moz.com/blog/moz-keyword-explorer-vs-google-keyword
There may be a lot of unanswered questions you have about some the big-picture questions with your website. Perhaps you’re asking:
Do demo requests or signups lead to more paying customers?
Does that product video lead to more signups?
Does the self-service onboarding plan lead to more customers?
Does offering a buy one, get one sale increase purchases?
In cases like this, there are options that a visitor can take to reach conversion. But, it’s often difficult for marketers to know which one has a better effect on the funnel.
The Kissmetrics Funnel Report answers these questions. Here’s how.
The traditional SaaS Funnel looks something like this:
But what if a visitor could sign up or schedule a demo before using the product? The only solution to knowing which one converts better would be to create two separate funnels and compare the results. That is, until now.
The Kissmetrics Funnel Report allows you to add and/or statements in a step. So our hypothetical funnel could look like this:
Here’s how to set that funnel up, and how to view the results:
I’m not going to bore you with the details of setting up a Funnel Report. We’ve covered it before here and here. As long as you have your events and properties set up, creating a Funnel Report is as easy as putting shoes on. Let’s get straight into the results.
We’ll first look at the people that signed up:
And scheduled a demo:
Notice a difference?
Looks like signups drive significantly more product usage and customers (54 compared to 0). If this was your data, you’d know you should remove demo requests from the website so 100% of users go straight to signing up.
How many elements are on your website, seemingly harmless but actually detracting people from signing up or converting? They’re there, but you don’t know how they’re affecting the rest of your funnel.
Using the Or statements (like we did) in the Funnel Report is a great way to find the best performing elements on your site. Best of all, you don’t need to run an A/B test. All this data is already in Kissmetrics, and as long as you’ve been tracking it, you can see the performance.
Happy optimizing!
About the Author: Zach Bulygo (Twitter) is the Blog Manager for Kissmetrics.
Posted by randfish
From your top-level nav to your seal-the-deal content, there are endless considerations when it comes to crafting your ecommerce page. Using one of his personal favorite examples, Rand takes you step by detailed step through the process of creating a truly superb ecommerce page in today's Whiteboard Friday.
Click on the whiteboard image above to open a high-resolution version in a new tab!
Howdy all and welcome to a special edition of Whiteboard Friday. My name is Rand Fishkin. I'm the founder of Moz, and today I want to talk with you about how to craft the best damn ecommerce page on the web. I'm actually going to be using the example of one of my very favorite ecommerce pages. That is the Bellroy Slim Wallet page. Now, Bellroy, actually, all of their pages, Bellroy makes wallets and they market them online primarily. They make some fantastic products. I've been an owner of one for a long time, and it was this very page that convinced me to buy it. So what better example to use?
So what I want to do today is walk us through the elements of a fantastic ecommerce page, talk about some things where I think perhaps even Bellroy could improve, and then walk through, at the very end, the process for improving your own ecommerce page.
The navigation at the top needs to do a few things. It's got to help people:
Core product information tends to be that above-the-fold key part here. In Bellroy's case, it's very minimalist. We're just talking about a photo of the wallet itself, and then you can click left or right, or I think sometimes it auto-scrolls as well on desktop but not mobile. I can see a lot more photos of how many cards the wallet can hold and what it looks like in my pants, how it measures up compared to a ruler, and all that kind of stuff. So there's some great photography in here and that's important, as well as the name and the price.These core details may differ from product to product. For example, if you are selling a more complex piece of technology, the core features may, in fact, be fairly substantive, and that's okay. But we are trying to help. With this core product information, we're trying to help people understand what the product is and what it does. So wallet, very, very obvious. If we're talking about lab equipment or scientific machinery, well, a little more complicated. We better make sure that we're communicating that. We want...
This is somewhere where, I think, a lot of folks unfortunately get torn by the Amazon model. If you are Amazon.com, which yes, has phenomenal click-through rates, phenomenal engagement rates, phenomenal conversion rates, but you are not Amazon. Repeat after me, "I am not Amazon." Therefore, one of the things that Amazon does is they clutter this page with hundreds of different things that you could do, and they built that up over decades, literally decades. They built up so that we are all familiar with an Amazon page, ecommerce page, and what we expect on it. We know there's going to be a lot of clutter. We know there's going to be a ton of call-to-actions, other things we could buy, things that are often bought with this, and things that could be bundled with this. That is fine for Amazon. It is almost definitely not fine for you unless you are extremely similar to what Amazon does. For that reason, I see many, many folks getting dragged in this direction of, "Hey, I want to have 10 different calls-to-action because people might want to X, Y, and Z." There are ways to do the "might want to X, Y, and Z" without making those specific calls-to-action in the core part of the landing page for the ecommerce product. I'll talk about those in just a second.
But what I do want you to do here is:
What I'm trying to do here is a few things:
You can go through this with folks who you say, "Hey, I want you to imagine that you are about to buy this. Give me the 10 things in your head. I want you to say out loud everything that you think when you see this page." You can do this with actual customers, with customers who are returning, with people who fit your target demographic and target customer profile but have not yet bought from you, with people who've bought from your competitors. As you do this, you will find the answers to be very, very similar time after time, and then you can answer them right in this featured content. So warranty is obviously another big one. They note that they have a three-year warranty. You can click plus here, and you can get more information.
I also like that they answer that unasked question. So when they say, "Okay, it's 80 millimeters by 95 millimeters." "Man, I don't know how big a millimeter is. I just can't hold that information in my head." But look, they have a link "Compare to Others." If you click that, it will show you an overlay comparison of this wallet against other wallets that they offer and other wallets that other people offer. Awesome. Fantastic. You are answering that question before I have it.