Download - The Revenue Engine - Drupal Commerce

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Page 1: The Revenue Engine - Drupal Commerce

#wwv12pj

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Paul Johnson

Head of Development

Social Media Lead – @DrupalCon Europe

Twitter: @pdjohnson ask questions!

Hashtag: #wwv12pj

Email: [email protected]

Web: livelinkNewMedia.com

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Who are LiveLink• Drupal Experts• Full service digital agency• 360 digital strategy

• Ecommerce• Email• Social media• SEM

• Software driven marketing solutions

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What is it?

Why do I need one?

Identifying failure

What can I do about it?

Typical implementation

Proof, it works!

Questions

The Revenue Engine

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Multi-channel marketing platform

Multi-step campaigns

Email

Text / SMS

PDF – Direct Mail

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Enterprise CMS

1.7% Internet

Drupal Commerce

Thousands contributed modules

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Enterprise CMS

1.7% Internet

Drupal Commerce

Thousands contributed modules

FREE!

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What is The Revenue Engine?

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Top 1000 internet retailers

http://www.listrak.com/Whitepaper/SCAIR1000/

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Too complex

No time

Integration challenges

Client buy in

Cost?

Why aren’t they (YOU) doing it?

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PROVEN TECHNOLOGY

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PROVEN TECHNOLOGY

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TIGHT INTEGRATION

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SIMPLE INSTALLATION

EASY!

No IT

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READY IN MINUTES

AutoInstall

No IT

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TIGHT INTEGRATION

DATA!

Visitor

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TIGHT INTEGRATION

DATA!

TimelyRelevant

MessagesVisitor

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What does it do?

Converts visitors into customers

Email Automation

Personalised messages

Manage abandoners

Explode sales

Boost loyalty

Increase conversion

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What can we track?

User profiling

Every purchase

Basket contents, age, categories

SKU’s

Categories – full tree

RFM

Scoring - Key page visits

Checkout state

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MUST have campaigns

Re-engagement

Failed registration

Registered not bought

Abandoned checkout

Bought once

Upsell, cross sell

Profile enrichment

Satisfaction

Anniversary of purchase

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BENEFITS

Agencies - Keep your clients longer

Business – Convert and keep more customers

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Why The Revenue Engine?

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95%

TypicalConversion

How many visits to conversion?

Your site Coupons Email Marketing CPC Social Media

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95%

TypicalConversion

Average 3+ visits to conversion

Your site Coupons Email Marketing CPC Social Media

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95%

TypicalConversion

Temptation

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95%

TypicalConversion

Beware the wandering eye

Comparisonsites

Coupons Email Marketing CPC Social Media

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66% Site traffic is NEW

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66% Site traffic is NEW

MOST PEOPLENEVER RETURN

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ever experienced that terrible feeling of being abandoned?

http://www.listrak.com/Whitepaper/SCAIR1000

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ever experienced that terrible feeling of being abandoned?

http://www.listrak.com/Whitepaper/SCAIR1000

75%

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ever experienced that terrible feeling of being abandoned?

http://www.listrak.com/Whitepaper/SCAIR1000

75%

GettingWorse!

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95%What’s your conversion rate?

?%

Abandon

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95%Typical Conversion

5%

Abandon

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85%Triggered Emails

Abandon

15%Conversion rates

2nd Only to Direct Traffic

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Identifying failure

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5%

Where did myvisitors go??

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30% Bounced

5%

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30% Bounced

5%

Poor landing page?Wrong traffic?

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30% Bounced

5%

Comparison / Researching

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30% Bounced

5%

Not in buying cycle

Encourage to subscribeEmailSocial MediaRSS

Incentivise subscribesWant offers?CouponsVIP ClubExclusive productsEarly notification

Comparison / Researching

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30% Bounced

5%

Comparison / Researching

Site problems

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30% Bounced

5%

Comparison / Researching

Site problems

Cost – shipping, goods

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30% Bounced

5%

Comparison / Researching

Site problems

Cost – shipping, goods

No time to checkout

Basket Abandonment What went wrong?Can we help?

Comparison shopping?

We’ve reserved your goodsTime is running out

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30% Bounced

5%

Comparison / Researching

Site problems

Cost – shipping, goods

No time to checkout

Account problems

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30% Bounced

5%

Comparison / Researching

Site problems

Cost – shipping, goods

No time to checkout

Account problems2 Step signupGrab email firstContact abandoners

Failed Login managementAuto email with password retrieve link

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30% Bounced

5%

Comparison / Researching

Site problems

Cost – shipping, goods

No time to checkout

Account problems

Checkout

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30% Bounced

5%

Comparison / Researching

Site problems

Cost – shipping, goods

No time to checkout

Abandonment Management

3 Steps – increase urgency

15 minCan we help?What went wrong?

1hrComparison shopping?Differentiate!

24 hrIncentivesCoupons

Account problems

Checkout

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What can we do about it?

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Get connected!

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Main Site

GetSocial!

SimpleNavigation

EndorsementsMinimumClicks

Call toaction

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Checking out

Isolatedfromsite

OnePage

Checkout

2 StepSign up

Failedlogin watch

Multiplepaymentmethods

One click,we have email

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OnePage

Checkout

Basketvisible

OfflineSupport

AddressLookup

MultiplePayment

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Typical implementation

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Case study

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ROI

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BEATS

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#1REVENUE SOURCE

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REVENUE BY SOURCE

29%TOTAL REVENUE

Search

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REVENUE BY SOURCE

29%TOTAL REVENUE

13%

Search

Adwords

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REVENUE BY SOURCE

29%TOTAL REVENUE

13%

Search

Adwords

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14.9%Open Rate

Typical ecommerce email

http://mailchimp.com/resources/research/email-marketing-benchmarks-by-industry/

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Abandoned Checkout Management

18% 22%Open Open

29%Open

15 min 1 hour 24 hour

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Abandoned Checkout Management

214 33Bailed Bought Conversion

Revenue from failure

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3.3%CTR

Typical ecommerce email

http://mailchimp.com/resources/research/email-marketing-benchmarks-by-industry/

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38% 42%CTR CTR

10%CTR

SatisfactionSurvey

ProfileEnrichment

PurchaseAnniversary

+

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74%Completion

2012 CheckoutConversion

Completion

2010 CheckoutConversion

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14.8ROI

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Twitter: @pdjohnsonHashtag: #wwv12pj