e business world 2013 - newman martin: e-retailing & mobile commerce (part 2)

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Let’s turn back the clock

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Η παρουσίαση αυτή έγινε στα πλαίσια του Συνεδρίου e-Business World 2013, το οποίο πραγματοποιήθηκε στις 19 Ιουνίου, στο Divani Caravel στην Αθήνα.

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Page 1: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

Let’s turn back the clock

Page 2: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

He knew when you walked in the door it had been 6 months since you bought those light bulbs and he up sold some batteries

Page 3: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

She knew when your Gran walked in the door that she was

after her winter tights and she sold her some winter gloves

Page 4: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

The job of key landing pages on a website are to correlate with the users experience of shopping offline

Page 5: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

The Home Page

Page Objective:

• Same as a shop window

• To Engage

• To entice me to enter the shop

“Isn’t it just like walking by a store window in a shopping centre?”

Page 6: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

The Home Page

Tactical Objectives:

• New visitors (Attract/Entice):

• Hot sellers

• Most popular

• Promos etc

• Returning Visitors (Remind/Update):

• Recently viewed & Related to your past interests

• New Products“Isn’t it just like walking by a store

window in a shopping centre?”

Page 7: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

Inspiration Through Curation…

Page 8: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

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Page 9: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

Dynamic Merchandising and Personalisation solutions can help to deliver this experience

Page 10: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

How these solutions work

Real-Time Optimisation

Business Drivers & Best Practices

Merchandising Rules

Historical

• Browsing History• Past Purchases• User Preferences• Demographics• Ratings & Reviews

Catalog

• Product Attributes• Content Attributes• Customer

Attributes

Real-time

• Current Session Behavior

• Site Context• Referring Site• Geo-Location• Time of Day

Multi-Algorithm Optimization

Targeted Content

Mobile

Email

Contact Center

InStore

Web

Page 11: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

A few examples…

Page 12: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

Confidential

Home page

• Dynamic box title change to show your ‘Recently Viewed Items’

Page 13: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

Confidential

Combined Strategies

• Maximize strategies and content on high engagement pages

Page 14: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

Product Detail Page: Quick Shop

• Hover feature• See price & offer - SHOP

• Without extra clicks

Page 15: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

Confidential

Shopping Cart

• Promote products for free shipping and cross sell opportunities

Page 16: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

One big weakness across the board = The lack of segmented and personalised emails

Page 17: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

Really?

Page 18: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

Key success factor = Guarantees and calls to action

Page 19: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

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Scarcity and guarantees always drive sales

Kiddicare

Page 20: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

Key success factor = Visual merchandising

Page 21: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

If I can’t see it properly, how do you expect me to buy it?

Page 22: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

A shot to sell lingerie!

Page 23: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

Now for something truly titillating

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Page 24: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

Myla’s old model selection

She is way too skinny and too pale…Almost anorexic. It is a put off for a lot of customers.

Page 25: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

Competitor’s Model Choice

Healthy, curvy, voluptious and olive/dark skinned models sell lingerie(Agent Provocateur, Boux Avenue and M & S)

Page 26: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

Myla’s recent model selection

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Page 27: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

More voluptuous models led to a conversion increase of 20%+

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Page 28: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

Hmmm

Page 29: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

Models v flats/ Mannequins.

Page 30: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

Women’s – In my experience, model shots sell through is between 5% & 20% better than flats/mannequinsThe benefits vary by product type: • Dresses, trousers, jeans the best• Skirts, tailoring, coats, underwear all benefit from model shots• Increases sales and decreases returns

Men’s – overall flats/mannequins perform better• Except jeans, trousers, and underwear

ROI• Each garment costs 30% - 40% more to shoot on a model than on

a mannequin (model, hair and make up, stylist)

Page 31: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

Scale and length looks different across products very hard to discern difference with no model

Page 32: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

ASOS go to great lengths to ensure consistency of shot.

Belly buttons aligned so that customer can easily guage positioning fit/length of product

Page 33: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

Austin Reed £55 George @ Asda - £4 jeans

Fit hard to decipher

Fit not hard to decipher

Page 34: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

Net a Porter £1500 +

Similar length on product listing Big difference in length on roll over

Page 35: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

Image Size

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Page 36: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

Online visual merchandising has to convey the product detail and brand values of quality to the customer…there is no sales assistant to do this!Therefore image size is critical to this

Page 37: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

How big are these toasters?

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Page 38: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

A 4 slice toaster….really?

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Page 39: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

But sometimes size isn’t everything

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Page 40: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

Lighting and styling is hugely important

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Page 41: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

Impossible to make out any detail and no product description to support features

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Page 42: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

Where’s the pleat?

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Page 43: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

Key Success Factor = Internationalisation

Page 44: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

You know we like to colonise…we’re now doing so online

Page 45: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

However…we don’t always get it right

Page 46: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)
Page 47: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

• 40% of shoppers in the EU now use the internet to buy goods and services

• Within the next five years cross-border trade is expected to account for 20% of all ecommerce

(Retail Week, Sep 12)

Page 48: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

What’s happening now in terms of strategy and approach?

Page 49: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

6 strategies in play

1. Do nothing: Don’t allow anyone to buy from overseas

2. Standardisation: Switch on the buy button only3. Adaptation: Localise some aspects4. Localisation: Fully localise the customer proposition

online5. Multi channel market entry: Lead with online, open

stores6. Lead with stores: Then localise online

Page 50: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

1. Do nothing

Page 51: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

2. They’ve switched on the buy button, but that’s all

Page 52: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

3. Adaptation = localise some aspects

Page 53: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

Adaptation is pretty half-hearted…language is still English

Page 54: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

Currency is the only thing to have visibly changed

Page 55: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

4. Then there’s “the full monty”

Page 56: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

Local language, payment, currency, customer service

Page 57: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

Hey, the World speak’s English!

Page 58: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

No they don’t…‘Wieviel kostet das?’

Page 59: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

Why is it so important to give foreign nationals a local language site?

Page 60: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)
Page 61: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

Cross border sales are growing...but localised propositions work best

Page 62: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

5. Web then stores

Page 63: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

6. Stores then localised web

Page 64: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

Is it worth doing?

Page 65: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

You better believe it!

Page 66: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

3 jumbos a week to Australia£1.25m-£1.5m a week

Page 67: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

I know you’ve not always been friends…

Page 68: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

Half of the population is under 30…and they like fashion

Page 69: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

Key Success Factor = Are you a Social or anti social brand?

Page 70: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

Key Success Factor = Are you a Social or anti social brand?

Page 71: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

Social Proof

Page 72: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

Key Success Factor = Mobile

Page 73: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

We are‘shopping on the go’

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Page 74: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

Mobile is redefining how consumers shop

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Page 75: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

Mobile isn’t going to be a game changer…It has already changed the game!

Page 76: E business world 2013 - Newman Martin: e-retailing & mobile commerce (part 2)

Schuh will take 50%+ of all online sales through mobile by the end of 2013