Rtp rsp16-bronto-final deck
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Transcript of Rtp rsp16-bronto-final deck
#RSP16
AdaptingLifecycleMessagesToTargetChangingConsumer
Behavior
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AboutRetailTouchPointsü Launched in 2007
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ü To provide executives with relevant, insightful content across a variety of digital medium
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PanelistsMODERATOR:DebbieHaussEditor-in-ChiefRetailTouchPoints
GregZakowiczSeniorCommerceMarketingAnalyst
Bronto Software
@WhatsGregDoing
Adapting Lifecycle Messages to Target a Changing Consumer
Pushing the Envelope
© 2016 Bronto Software, LLC | Bronto is a NetSuite Company
What We Know
Consumer behavior is changing
© 2016 Bronto Software, LLC | Bronto is a NetSuite Company
Agenda
• Consumer changes.
• Ways to challenge “best practices.”§ Welcome series.§ Cart abandonment.§ Birthday.
Today’s Consumers
© 2016 Bronto Software, LLC | Bronto is a NetSuite Company
Consumer Behavior Then Consumer Behavior Now
© 2016 Bronto Software, LLC | Bronto is a NetSuite Company
Mobile Purchasing
38% 63% 49% 25% 5%0%
10%
20%
30%
40%
50%
60%
70%
Smartphone Laptop Desktop Tablets Wearables
Purchases by Device
© 2016 Bronto Software, LLC | Bronto is a NetSuite Company
Customer Service Experience
6 • Average number of channels retailers use (phone, email, blogs, social, etc.)
Response time:• Facebook query: 53 hours.• Email query: 27 hours.
© 2016 Bronto Software, LLC | Bronto is a NetSuite Company
Customer Service Experience
Customer Service
CALL CENTER EMAIL SOCIAL
NETWORKSIN-STORE
Retailer’s View
Customer View
© 2016 Bronto Software, LLC | Bronto is a NetSuite Company
Consumer Behavior Now
• Savvy.
• Availability.
• Relevancy.
• Flexibility.
• Loyalty needs to be earned.
• An experience!
Welcome series, abandoned cart, and birthday messaging
Lifecycle Messaging Adjustments
© 2016 Bronto Software, LLC | Bronto is a NetSuite Company
Consumer Engagement
• 10% off• Free shipping
• 30 day returns
• 10% off• Free shipping
• 30 day returns
Which store do you buy from?
© 2016 Bronto Software, LLC | Bronto is a NetSuite Company
Influence on Purchases
70% Email 46%Social
© 2016 Bronto Software, LLC | Bronto is a NetSuite Company
Consumer Engagement
• Email (promo & lifecycle):§ Lifecycle:
• Welcome series.• Never purchased.
message/series. • Birthday message. • Cart abandonment.• Post-purchase series.• Lapsed purchaser series.• Re-engagement series.• Browse abandonment.
§ Promotional:
• Segmentation.• Product recommendations.
• Social media:§ Customer service.§ Engagement-personal
interaction.§ Crowdsourcing.§ User generated content
(UGC).§ Social influence.
© 2016 Bronto Software, LLC | Bronto is a NetSuite Company
Consumer Engagement
• Email (promo & lifecycle):§ Lifecycle:
• Welcome series.• Never purchased.
message/series. • Birthday message. • Cart abandonment.• Post-purchase series.• Lapsed purchaser series.• Re-engagement series.• Browse abandonment.
§ Promotional:
• Segmentation.• Product recommendations.
• Social media:§ Customer service.§ Engagement-personal
interaction.§ Crowdsourcing.§ User generated content
(UGC).§ Social influence.
Welcome SeriesBehavior and source
© 2016 Bronto Software, LLC | Bronto is a NetSuite Company
An Effective Welcome
• Welcome Series:• Builds the relationship.• Increases engagement. • Establishes trust. • Builds consumer confidence. • Drives revenue.
• Welcome Message:• Is a handshake.• Is a first impression.• Starts a relationship.• Establishes a connection.• Drives revenue.
Designed to enhance the experience & differentiate
© 2016 Bronto Software, LLC | Bronto is a NetSuite Company
Common Welcome Series Strategies
• Number of messages.
• Types of messages.§ Social invite. § Manage preferences.
• Timing of messages.
© 2016 Bronto Software, LLC | Bronto is a NetSuite Company
Welcome Message
• Should be the most read message you will send.
• User engagement at critical mass.
• Welcome them.• Explain email benefits.• Provide a CTA to shop.
© 2016 Bronto Software, LLC | Bronto is a NetSuite Company
A Different Kind of Welcome
© 2016 Bronto Software, LLC | Bronto is a NetSuite Company
Pushing Boundaries
• Step out of your comfort zone.
• Try to strike emotion (e.g. clever, cute, funny, ridiculous).
• Be memorable.
• Be different!
© 2016 Bronto Software, LLC | Bronto is a NetSuite Company
Welcome Series
© 2016 Bronto Software, LLC | Bronto is a NetSuite Company
Enhance the Experience
• Consider two things:§ The source.§ The behavior.
© 2016 Bronto Software, LLC | Bronto is a NetSuite Company
Consider the Source
© 2016 Bronto Software, LLC | Bronto is a NetSuite Company
Consider the Source
© 2016 Bronto Software, LLC | Bronto is a NetSuite Company
Consider the Source
• Men’s fitness à men’s fitness messaging.
• Maternity à maternity messaging.
• Dog products à dog messaging.
© 2016 Bronto Software, LLC | Bronto is a NetSuite Company
Consider User Behavior
• Create a “choose your own adventure” welcome series.
• Use click activity to determine messages.§ Click boxing link à send boxing messaging.§ Click maternity link à send maternity messaging.
• Users control their own onboarding experience.
Oops you forgot something in your strategy
Abandoned Cart
© 2016 Bronto Software, LLC | Bronto is a NetSuite Company
Common Abandoned Cart Strategies
• Number of message.§ One, two or three?
• Timing of messages.§ 1 hour, 12 hours, 3 days?
• Incentive.§ If so, in which message?§ How often?
© 2016 Bronto Software, LLC | Bronto is a NetSuite Company
Abandoned Cart Strategy
• Is acquiring a $40 customer = a $500 customer?
• Question things!
• Evaluate the purchaser and adjust the strategy.
© 2016 Bronto Software, LLC | Bronto is a NetSuite Company
3 Ways To Differentiate
• Cart total.
• Incentives.
• Number of messages.
Cart Total
Number of messages
© 2016 Bronto Software, LLC | Bronto is a NetSuite Company
Cart Total
• How serious is this buyer?• What does a big spender view differently than a low spender?§ Do those with low cart totals purchase sooner?
© 2016 Bronto Software, LLC | Bronto is a NetSuite Company
Cart Total
• Evaluate the purchaser and adjust the strategy.§ Number of messages.§ Timing of messages.§ Incentive.
• If under $100.§ 1 message.§ No incentive.
• If between $100-$399.§ 2 messages.§ Incentive in 2nd.
• If over $400.§ 3 messages.§ Incentive in 3rd.
Incentives
Number of messages
© 2016 Bronto Software, LLC | Bronto is a NetSuite Company
Abandoned Cart Incentives
• Test incentives:§ Tiered discounts.§ Minimum spend.§ Dollar vs. percentage.§ Shipping services (expedited, free).§ No incentive.
• Customers are not created equal.§ Combine with cart total?
© 2016 Bronto Software, LLC | Bronto is a NetSuite Company
Abandoned Cart Incentives
• If under $100:§ No incentive.§ Tiered discount.§ % no min.§ % with min.
• If between $100-$399:§ $ off.§ Free gift.§ Expedited shipping.§ % off w/ higher min.
• If over $400:§ Free gift & $ off.§ $ off.§ % off.§ No incentive.
Number of Messages
Number of messages
© 2016 Bronto Software, LLC | Bronto is a NetSuite Company
Cart Abandonment Messages
• One, two or three messages?
© 2016 Bronto Software, LLC | Bronto is a NetSuite Company
Cart Abandonment Messages
• Why not four…or more?
© 2016 Bronto Software, LLC | Bronto is a NetSuite Company
Abandoned Cart Logic
Birthday Message
© 2016 Bronto Software, LLC | Bronto is a NetSuite Company
Common Birthday Message Strategy
• Send on birthday or before?
• How much of an incentive?
© 2016 Bronto Software, LLC | Bronto is a NetSuite Company
Birthday Message Strategy
• Analyze your products for pre-birthday opportunity.
• Target their social circle.
• Guide the subscriber.§ Don’t rely on one message.
© 2016 Bronto Software, LLC | Bronto is a NetSuite Company
Birthday Series
• Message 1: three weeks prior.§ What are your plans?
• Go out à links your dresses.• Stay in à links to PJs, loungewear, etc.
• Message 2: two weeks prior.§ Shareable incentive for friends.
• Message 3: one week prior.
• Message 4: Actual birthday (goodwill only).
© 2016 Bronto Software, LLC | Bronto is a NetSuite Company
Birthday Series
© 2016 Bronto Software, LLC | Bronto is a NetSuite Company
Half Birthday Message
• Have FUN!
• Show personality.
Final Thoughts
© 2016 Bronto Software, LLC | Bronto is a NetSuite Company
Final Thoughts
• Consumers are ever-connected, and expect a better experience. Strive to iImprove the experience.
• Consumers are different. One size does not fit all.§ Question best practices.§ Differentiate.§ Be bold.§ Be memorable.
Questions
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PleaseShareYourFeedback
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Q&A//PanelistsMODERATOR:DebbieHaussEditor-in-ChiefRetailTouchPoints
GregZakowiczSeniorCommerceMarketingAnalyst
Bronto Software
@WhatsGregDoing
#RSP16
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