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Enough With The
Anxiety: How To
Survive Cyber
Weekend 2020
© 2020 Klaviyo
Housekeeping
Webinar recording
available
Additional content
available at klaviyo.com
Email
webinar-questions@klaviyo.com
Hello! we’re
presenting
© 2020 Klaviyo
Mandi
Moshay
Director of Retention
Common Thread
Collective
Tom
Buchok
CEO, Founder
MailCharts
Joe
McCarthy
Director of Performance
Marketing
Klaviyo
Agenda
© 2020 Klaviyo
1. BFCM anxiety survey findings
2. How to address the key anxieties this season
3. What you need to know going forward
4. Q & A
© 2020 Klaviyo
What is Common Thread Collective
We are not a marketing agency.
Common Thread Collective is an ecommerce growth agency that exists to guide brands to
scale beyond $2M-$30M in annual revenue.
© 2020 Klaviyo
© 2020 Klaviyo
What is MailCharts?
We’ve has been collecting email campaigns since
2013 from thousands of ecommerce brands.
Ecommerce email marketers use MailCharts to
build and optimize their email strategy, look into
email campaigns of competitors and peers, and
gain insights into industry trends.
Ecommerce email bliss
© 2020 Klaviyo
What is Klaviyo?
400 Employees Globally / 43,000 Customers / 82 Countries
Email
SMS
Segmentation
Segmentation
Analytics
© 2020 Klaviyo
What is Klaviyo?
Only marketing platform that helps ecommerce businesses
on day 1 and scales as they grow
© 2020 Klaviyo
1
Survey says:
6 key findings
© 2020 Klaviyo
We surveyed 100
merchants from the
ecommerce space
to better
understand their
anxieties
Agency/Marketing/Consulting
Apparel & Accessories
Beauty & Cosmetics
Electronics
Food
Hardware & Improvement
Health & Fitness
Home Goods & Garden
Jewelry
Non-Profit
Office Supplies
Pet Food & Items
Specialty
Sporting Goods
Toys & Hobbies
Education
CBD
Alcohol
Other
© 2020 Klaviyo
90% of merchants
surveyed sold on
their ecommerce
site many with a
presence in other
channels
Ecommerce Site
Wholesale
Your brick & mortar store
Amazon
Other marketplaces (ex. Etsy, Ebay)
Thirdparty retailers
(ex. Sephora, Macy’s, Target)
Thirdparty retailers online
(ex. Sephora.com, Macys.com,
Target.com)
Other
© 2020 Klaviyo
75% of
respondents
said their anxiety
increased about
the success of
their business
since the onset of
Covid-19
© 2020 Klaviyo
48% of respondents said they
were ‘Somewhat More Anxious’
compared to 2019.
© 2020 Klaviyo
36% said it was no different
from last year or ‘less anxious’.
© 2020 Klaviyo
76% of
respondents
shared they are
equally nervous
about Black Friday
and Cyber Monday
© 2020 Klaviyo
There was a lot of
anxiety about a lot
of things.
When asked what
was making
brands anxious,
121 people
provided 863
responses.
2nd Covid wave
Shipping/fulfillment delays
Uncertainty around USPS changes
Inventory access issues
Ability to access raw goods
The presidential election
Amazon Prime Day
Earlier shipping cut-offs
Increased digital competition
Increased digital costs
Staffing issues
Consumer spending confidence
Earlier deal shopping
Discounting uncertainty
Impact of shipping on later shoppers
Sales launching earlier
Stimulus dollars drying up
Lack of general consumer confidence
Increasing return rates
Warehouse closures
Managing returns
I have no anxiety about BFCM
© 2020 Klaviyo
Uncertainty about consumer
holiday spending plans and
budgets was the number one
response driving anxiety.
© 2020 Klaviyo
Shipping and fulfillment delays
came in second.
© 2020 Klaviyo
Meanwhile, 65% of brands
that responded have seen
improved business this year.
© 2020 Klaviyo
Key themes
we need
to address
When to start
marketing?
When to discount?
What to say? Shipping & Fulfillment
© 2020 Klaviyo
2ADDRESSING ANXIETIES
THIS SEASON
When to start
marketing?
© 2020 Klaviyo
Campaign activity rose dramatically over BFCM 2019
what’s to be expected this year?
© 2020 Klaviyo
Start Early
80%
Of consumers are
planning to shop earlier
for gifts this year
Track average shipping times by carrier here: https://carriers.shipbob.com/
© 2020 Klaviyo
Brands were starting early in 2019—be prepared for this year
© 2020 Klaviyo
CPMs Are on The Rise
© 2020 Klaviyo
© 2020 Klaviyo
Grow Your Owned Lists Today
© 2020 Klaviyo
Since the onset of the pandemic,
form submission rates have
doubled.
© 2020 Klaviyo
Audience
Understand the behavior
of your VIP customers,
and then find more people
like them
Frequently views
women’s sandals
VIP customer
Audience and BI Platforms
© 2020 Klaviyo
Sync your VIP customer
segment(s) to Facebook
/Instagram
Create a lookalike audience
to optimize your ad targeting
VIP Lookalikes
© 2020 Klaviyo
Nurture acquisition with automation that educates and builds
brand
© 2020 Klaviyo
3ADDRESSING ANXIETIES
THIS SEASON
When/how to
discount?
© 2020 Klaviyo
Account for margin
when planning
promos
© 2020 Klaviyo
80% of campaigns contained discounts
© 2020 Klaviyo
Be Thoughtful About Discounting
© 2020 Klaviyo
© 2020 Klaviyo
Do you know where your new subscribers are coming from?
With many digital channels existing and more on the rise,
do you understand all of the entry points for a new
subscriber and where they converted?
Three Questions To Think About:
1. Which channel drives the most volume?
2. Where are the new users subscribing?
3. What expectation might they have?
© 2020 Klaviyo
● How do you think about your welcome series?
● What are the goals and intentions?
● What testing have you done?
● At HYLETE, we split out Welcome Series based on
the entry point of the user.
Pro Tip: Beyond the
basic Welcome Series
© 2020 Klaviyo
4ADDRESSING ANXIETIES
THIS SEASON
What to say?
© 2020 Klaviyo
Make it Easy for Gifters with a Product Quiz
© 2020 Klaviyo
Gift guides provide customers with a curated
“shopping” experience
© 2020 Klaviyo
Pro Tip: Maximizing browse abandonment with hero products
Product browse automations help drive consumers
one step closer to purchase. In this case a customer
has demonstrated a clear interest in a product but
were neither ready to purchase nor ready to add any
items to their cart.
Three questions to think about:
1. What information do you have that may help them convert?
2. Is there a common trend with a specific product type?
3. What existing collateral do you have to support you and
provide greater content/creative shelf life?
© 2020 Klaviyo
Leveraging existing creative from past product
launches HYLETE has created a browse abandonment
split for key hero products.
Though this looks like a lot of work, it’s become
a natural workflow for them after launching a new
product.
Leveraging the existing creative provides increased
shelf life to assets while positively impacting
performance.
Hero product splits for better
engagement and results
© 2020 Klaviyo
Traditional browse abandonment
vs. hero product splits
© 2020 Klaviyo
5ADDRESSING ANXIETIES
THIS SEASON
Shipping
& fulfillment
© 2020 Klaviyo
Drive urgency at every turn
© 2020 Klaviyo
Messaging logistical hurdles early helps your customers
© 2020 Klaviyo
Real-time
follow-up:
Ask customers
to share their
experience or
review your
product
© 2020 Klaviyo
Optimize back in stock initiatives in prep for supply issues
© 2020 Klaviyo
70%
of consumers report product availability and free shipping are top
reasons influencing their purchase decisions
© 2020 Klaviyo
Accountability:
understand that
not everyone is
going to have a
positive customer
experience, and
strive to improve
service delivery
© 2020 Klaviyo
6
Going forward:
what you need to
know
© 2020 Klaviyo
It’s okay to market your great products—even intro new products!
© 2020 Klaviyo
Start with the basics. Review your automations and ensure
they’re emphatic and ‘aware’.
The hardest part of this year was entering a pandemic
with no plan or foresight
1
3
Rely on segmentation and personalization. Let those
aspects guide your marketing moments to success.
2
Look at what performed well last year and how it can be
improved.
4
You’ve got this.
© 2020 Klaviyo
Questions?

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Enough With The Anxiety: How to Survive Cyber Weekend 2020

  • 1. Enough With The Anxiety: How To Survive Cyber Weekend 2020
  • 2. © 2020 Klaviyo Housekeeping Webinar recording available Additional content available at klaviyo.com Email webinar-questions@klaviyo.com
  • 3. Hello! we’re presenting © 2020 Klaviyo Mandi Moshay Director of Retention Common Thread Collective Tom Buchok CEO, Founder MailCharts Joe McCarthy Director of Performance Marketing Klaviyo
  • 4. Agenda © 2020 Klaviyo 1. BFCM anxiety survey findings 2. How to address the key anxieties this season 3. What you need to know going forward 4. Q & A
  • 5. © 2020 Klaviyo What is Common Thread Collective We are not a marketing agency. Common Thread Collective is an ecommerce growth agency that exists to guide brands to scale beyond $2M-$30M in annual revenue. © 2020 Klaviyo
  • 6. © 2020 Klaviyo What is MailCharts? We’ve has been collecting email campaigns since 2013 from thousands of ecommerce brands. Ecommerce email marketers use MailCharts to build and optimize their email strategy, look into email campaigns of competitors and peers, and gain insights into industry trends. Ecommerce email bliss
  • 7. © 2020 Klaviyo What is Klaviyo? 400 Employees Globally / 43,000 Customers / 82 Countries Email SMS Segmentation Segmentation Analytics
  • 8. © 2020 Klaviyo What is Klaviyo? Only marketing platform that helps ecommerce businesses on day 1 and scales as they grow
  • 9. © 2020 Klaviyo 1 Survey says: 6 key findings
  • 10. © 2020 Klaviyo We surveyed 100 merchants from the ecommerce space to better understand their anxieties Agency/Marketing/Consulting Apparel & Accessories Beauty & Cosmetics Electronics Food Hardware & Improvement Health & Fitness Home Goods & Garden Jewelry Non-Profit Office Supplies Pet Food & Items Specialty Sporting Goods Toys & Hobbies Education CBD Alcohol Other
  • 11. © 2020 Klaviyo 90% of merchants surveyed sold on their ecommerce site many with a presence in other channels Ecommerce Site Wholesale Your brick & mortar store Amazon Other marketplaces (ex. Etsy, Ebay) Thirdparty retailers (ex. Sephora, Macy’s, Target) Thirdparty retailers online (ex. Sephora.com, Macys.com, Target.com) Other
  • 12. © 2020 Klaviyo 75% of respondents said their anxiety increased about the success of their business since the onset of Covid-19
  • 13. © 2020 Klaviyo 48% of respondents said they were ‘Somewhat More Anxious’ compared to 2019.
  • 14. © 2020 Klaviyo 36% said it was no different from last year or ‘less anxious’.
  • 15. © 2020 Klaviyo 76% of respondents shared they are equally nervous about Black Friday and Cyber Monday
  • 16. © 2020 Klaviyo There was a lot of anxiety about a lot of things. When asked what was making brands anxious, 121 people provided 863 responses. 2nd Covid wave Shipping/fulfillment delays Uncertainty around USPS changes Inventory access issues Ability to access raw goods The presidential election Amazon Prime Day Earlier shipping cut-offs Increased digital competition Increased digital costs Staffing issues Consumer spending confidence Earlier deal shopping Discounting uncertainty Impact of shipping on later shoppers Sales launching earlier Stimulus dollars drying up Lack of general consumer confidence Increasing return rates Warehouse closures Managing returns I have no anxiety about BFCM
  • 17. © 2020 Klaviyo Uncertainty about consumer holiday spending plans and budgets was the number one response driving anxiety.
  • 18. © 2020 Klaviyo Shipping and fulfillment delays came in second.
  • 19. © 2020 Klaviyo Meanwhile, 65% of brands that responded have seen improved business this year.
  • 20. © 2020 Klaviyo Key themes we need to address When to start marketing? When to discount? What to say? Shipping & Fulfillment
  • 21. © 2020 Klaviyo 2ADDRESSING ANXIETIES THIS SEASON When to start marketing?
  • 22. © 2020 Klaviyo Campaign activity rose dramatically over BFCM 2019 what’s to be expected this year?
  • 23. © 2020 Klaviyo Start Early 80% Of consumers are planning to shop earlier for gifts this year Track average shipping times by carrier here: https://carriers.shipbob.com/
  • 24. © 2020 Klaviyo Brands were starting early in 2019—be prepared for this year
  • 25. © 2020 Klaviyo CPMs Are on The Rise © 2020 Klaviyo
  • 26. © 2020 Klaviyo Grow Your Owned Lists Today
  • 27. © 2020 Klaviyo Since the onset of the pandemic, form submission rates have doubled.
  • 28. © 2020 Klaviyo Audience Understand the behavior of your VIP customers, and then find more people like them Frequently views women’s sandals VIP customer Audience and BI Platforms
  • 29. © 2020 Klaviyo Sync your VIP customer segment(s) to Facebook /Instagram Create a lookalike audience to optimize your ad targeting VIP Lookalikes
  • 30. © 2020 Klaviyo Nurture acquisition with automation that educates and builds brand
  • 31. © 2020 Klaviyo 3ADDRESSING ANXIETIES THIS SEASON When/how to discount?
  • 32. © 2020 Klaviyo Account for margin when planning promos
  • 33. © 2020 Klaviyo 80% of campaigns contained discounts
  • 34. © 2020 Klaviyo Be Thoughtful About Discounting © 2020 Klaviyo
  • 35. © 2020 Klaviyo Do you know where your new subscribers are coming from? With many digital channels existing and more on the rise, do you understand all of the entry points for a new subscriber and where they converted? Three Questions To Think About: 1. Which channel drives the most volume? 2. Where are the new users subscribing? 3. What expectation might they have?
  • 36. © 2020 Klaviyo ● How do you think about your welcome series? ● What are the goals and intentions? ● What testing have you done? ● At HYLETE, we split out Welcome Series based on the entry point of the user. Pro Tip: Beyond the basic Welcome Series
  • 37. © 2020 Klaviyo 4ADDRESSING ANXIETIES THIS SEASON What to say?
  • 38. © 2020 Klaviyo Make it Easy for Gifters with a Product Quiz
  • 39. © 2020 Klaviyo Gift guides provide customers with a curated “shopping” experience
  • 40. © 2020 Klaviyo Pro Tip: Maximizing browse abandonment with hero products Product browse automations help drive consumers one step closer to purchase. In this case a customer has demonstrated a clear interest in a product but were neither ready to purchase nor ready to add any items to their cart. Three questions to think about: 1. What information do you have that may help them convert? 2. Is there a common trend with a specific product type? 3. What existing collateral do you have to support you and provide greater content/creative shelf life?
  • 41. © 2020 Klaviyo Leveraging existing creative from past product launches HYLETE has created a browse abandonment split for key hero products. Though this looks like a lot of work, it’s become a natural workflow for them after launching a new product. Leveraging the existing creative provides increased shelf life to assets while positively impacting performance. Hero product splits for better engagement and results
  • 42. © 2020 Klaviyo Traditional browse abandonment vs. hero product splits
  • 43. © 2020 Klaviyo 5ADDRESSING ANXIETIES THIS SEASON Shipping & fulfillment
  • 44. © 2020 Klaviyo Drive urgency at every turn
  • 45. © 2020 Klaviyo Messaging logistical hurdles early helps your customers
  • 46. © 2020 Klaviyo Real-time follow-up: Ask customers to share their experience or review your product
  • 47. © 2020 Klaviyo Optimize back in stock initiatives in prep for supply issues
  • 48. © 2020 Klaviyo 70% of consumers report product availability and free shipping are top reasons influencing their purchase decisions
  • 49. © 2020 Klaviyo Accountability: understand that not everyone is going to have a positive customer experience, and strive to improve service delivery
  • 50. © 2020 Klaviyo 6 Going forward: what you need to know
  • 51. © 2020 Klaviyo It’s okay to market your great products—even intro new products!
  • 52. © 2020 Klaviyo Start with the basics. Review your automations and ensure they’re emphatic and ‘aware’. The hardest part of this year was entering a pandemic with no plan or foresight 1 3 Rely on segmentation and personalization. Let those aspects guide your marketing moments to success. 2 Look at what performed well last year and how it can be improved. 4 You’ve got this.