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Acquisition, Conversion and Retention – Getting the Most Out of Your Magento Website - PushON-Peer1-Nosto-dotMailer

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Acquisition, Conversion and Retention – Getting the Most Out of Your Magento Website - PushON-Peer1-Nosto-dotMailer

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Here are the presentations for PushON, Peer1, dotMailer, and Nosto which were presented at the PushON Magento Event '' Acquisition, conversion and retention – getting the most out of your Magento website'' that took place in Manchester on 8th of July 2014 at the Hive.

The event covered all the key questions facing eTailers in just a morning.

The following topics were discussed during the event:

* How to increase conversions and boost revenues with personalised recommendations

*How to grow your business online using SEO and PPC

*Why speed matters- a walk through the process of the ideal Magento hosting environment

*Using email marketing to humanise the online purchase journey and maximise the return on relationship

Here are the presentations for PushON, Peer1, dotMailer, and Nosto which were presented at the PushON Magento Event '' Acquisition, conversion and retention – getting the most out of your Magento website'' that took place in Manchester on 8th of July 2014 at the Hive.

The event covered all the key questions facing eTailers in just a morning.

The following topics were discussed during the event:

* How to increase conversions and boost revenues with personalised recommendations

*How to grow your business online using SEO and PPC

*Why speed matters- a walk through the process of the ideal Magento hosting environment

*Using email marketing to humanise the online purchase journey and maximise the return on relationship

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Acquisition, Conversion and Retention – Getting the Most Out of Your Magento Website - PushON-Peer1-Nosto-dotMailer

  1. 1. Acquisition, Conversion and Retention Getting the Most Out of Your Magento Website ! ! ! Tuesday, 8th July 2014 from 8.30 AM – 1.00 PM ! The Hive, 51 Lever Street, Manchester, M1 1FN
  2. 2. The Online Marketing People Talk To Us: Web - www.PushON.co.uk Tel - +44 (0) 844 967 0565 Twitter - @PushONLTD
  3. 3. Making Magento work with Online Marketing Little Greene Case Study • Overview of frontend features and potential SEO pitfalls • Overview of backend features and potential SEO pitfalls • Other Marketing Tools for your armoury • Where they were • What we did • The results
  4. 4. The Most Popular eCommerce Software with over 25% Market Share • Free Community Edition • Licenced Enterprise Edition • Discontinued Go Edition
  5. 5. Some  Stats…
  6. 6. Front End Tools
  7. 7. • Wishlist Indexation • Canonicalisation SEO Considerations:
  8. 8. SEO Considerations: • Category URLs are not SEO friendly • Category name and H1 are the same field • Duplicate content • Pagination • Layered Navigation • Category Structure
  9. 9. SEO Considerations: • Product URLs are not SEO friendly • Product name and H1 are the same field • Duplicate content • URL structure
  10. 10. SEO Considerations: • Inflexible • No hierarchy (in Community Edition) • WordPress Install for rich media blog/news
  11. 11. Schema.org/Microformats Schema needs to be built into the Magento Theme. Social Meta Data Social Meta Data needs to be built into the Magento Theme. • Open Graph • Twitter Cards • Etc.. Response Theme Available on Latest Versions Reduced time/cost of development to meet the needs of mobile users
  12. 12. Back End Tweaks
  13. 13. Robots.txt: • Prevent Indexation of search result pages from your site Disallow: /catalogsearch/ Resources: Robots.txt file templates suitable for most standard configurations http://inchoo.net/ecommerce/ultimate-magento-robots-txt-file-examples/
  14. 14. Resources: Guide to setting up analytics funnel tracking http://www.thepixel.com/google-analytics-funnel-tracking-for-magento-one-page-checkout
  15. 15. Remarketing, Retargeting and Affiliate Remarketing, Retargeting and Affiliate Tracking Code can be implemented rapidly.
  16. 16. Step 1 Where are we starting from?
  17. 17. • Challenger brand, competing with much larger businesses • £5m turnover • 46 people • Less than £50k p.a. through the website • A  “company  with  a  website”   Understanding the client
  18. 18. Step 2 Where do we want to be?
  19. 19. • 10% year on year growth in sales • Improve brand awareness • Work as one team with offline marketing and PR • Holistic strategy across online and offline • Build requests for colour cards • QR codes, mobile microsite Targets and strategy
  20. 20. Step 3 How do we get there?
  21. 21. 1 Improve SEO visibility 2 Develop and implement a PPC strategy 3 Social Media Implementation
  22. 22. • Campaign to engage with specifically targeted bloggers and interior designers • Eames Chair: prize picked specifically for the target bloggers • Competition page visited 491 times • High quality blog posts submitted as entries generated 68 referrals to the website Improve SEO visibility - example
  23. 23. • Keyword research • Ad creation and testing Develop and implement a PPC strategy • Ad extensions • Remarketing
  24. 24. • Mothers Day campaign • Win vouchers to spend on Little Greene’s  site • Targeted at fans of the brand • Promoted the competition using social advertising • 8.36% engagement rate Paid Social Media - example
  25. 25. Step 4 Megento website for Europe
  26. 26. • Developed a European website in Euros • Strong market already in France • Opened the door to new markets in Russia European Roll-out “We like to still see ourselves as a niche business, but our increasing market share means we’ve  achieved  a  huge  growth  in status and become one of the biggest players in the high- end paint and decorating industry”.
  27. 27. Little Greene Results!
  28. 28. Transaction Growth Transactions have increased by 153.2% in 3 years
  29. 29. Revenue Growth Revenue has increased by 262% in 3 years
  30. 30. Propensity to Rank
  31. 31. Best Practice SEO How can you do this?
  32. 32. • Thorough keyword research • What are the key terms? • Thematic sitemap identifies the key pages • Each page has a purpose and key word targets • Fully optimise the site for relevant, well searched terms Technical SEO/ Site Optimisation
  33. 33. • Removal of poor backlinks if necessary • Earning Quality backlinks • Content Strategy • Social Media Connectedness • Conversion Rate Optimisation Ongoing SEO to acquire new business
  34. 34. Best Practice PPC How can you do this?
  35. 35. • Thorough keyword research • Clear key terms • Measure, test, adjust, measure and test again • Small gains add up to large amounts How we get results in PPC
  36. 36. Any questions? Thank  you  for  your  time… Talk To Us: Web - www.PushON.co.uk Tel - +44 (0) 844 967 0565 Twitter - @PushONLTD
  37. 37. Where every interaction matters. The Need for Speed! July 2014
  38. 38. Speed – What’s  the  big  deal?
  39. 39. Setting  the  scene…
  40. 40. Assumptions • Speed = 10% of your google quality score • Your homepage loads at + 3 secs (in our case up to 9!) • You spend £300,000 per month on ppc ROI Calculation • PPC will cost at least 10% more = c.£320,000 per year in overspend. • -.5 loss in google page rank will cost significantly more.
  41. 41. Don’t  just  believe  me…  there  is  loads  of  great  blog  data  out  there.
  42. 42. Variations are amazing
  43. 43. Use a Speed tool • Millions of free tools • http://tools.pingdom.com/ • We are launching our own Speed tool – including SEO impact
  44. 44. What makes Magento faster? • The right SQL database • Caching with Varnish • NginX instead of Apache • HipHop HV • High quality code • Hire a great Systems Integrator – makes all the difference! • Lose  the  legacy  tags…  (GTM) • Google Page Speed
  45. 45. What makes you faster? • Host close to your customers • Host on a fast fibre network • Use a Content Delivery Network • Think about Net Neutrality
  46. 46. Our Focus • We support faster page load times • Optimised  Magento  makes  us  the  “go-to”  provider • Our  partners  are  the  UK’s  leading  eCommerce  implementers • We partner with the plugin ecosystem also • We are PCI Compliant • Our commitment goes beyond technology, hence our event programs
  47. 47. UK eCommerce Clients
  48. 48. In Summary • Don’t  stay  in  denial… • You  can’t  do  it  alone… • It’s  not  a  one  night  stand…
  49. 49. Increase Conversion and Boost Revenues with Personalized Recommendations Isaac Moshe, UK Managing Director ! Manchester Tuesday, 8th July
  50. 50. Nosto enables online retailers to deliver customers a personalized shopping experience… ! …increasing conversion, AOV and customer retention. About Us
  51. 51. +1.8 billion personalized recommendations generated AN INTERNATIONAL LEADER1200+ etailers in over 50 countries
  52. 52. Impact of Personalized Recommendations Objectives Nosto performance Reduce Bounce Rate +213% Customers who clicked Nosto recommendations spent 213% more time on the site Increase Average Order Value +24% Customers who clicked Nosto recommendations have 24% higher Average Order Value Boost Conversion Rate +66% Customers who clicked Nosto recommendations converted 66% better
  53. 53. Today’s Talk The State of E-commerce Right now A Proven Solution Typical E-commerce journey The Good, The Bad and The Ugly Q&A The State of E-commerce Right now : The Growing Problem of Conversion A Proven Solution : Personalized Recommendations The Good, The Bad and The Ugly : Examples of best practices Typical E-commerce User Journey : Which Recommendations work best at each stage in conversion funnel Q&A
  54. 54. Buyers Are Shopping Around More
  55. 55. Buying Cycles Are Getting Longer
  56. 56. Customer Acquisition 90%
  57. 57. 100% 60% 30% Total visitors Visiting Shopping Area Place items in cart But… after all that hard work and money 1% On mobile Make a purchase2.8%
  58. 58. Over 75% of Amazon’s Pages Contain Personalized Recommendations
  59. 59. Conversion rate 18% Over 75% of Amazon’s Pages Contain Personalized Recommendations
  60. 60. Personalizing the customer journey Cart Page Home Page Category Page Product Page Search Page Pinky Board 404 Error Page E-mail Surfboards Cart Page Search Page
  61. 61. Home Page
  62. 62. YES? NO? 6 seconds Average time before an internet user decides if he stays or leaves a website
  63. 63. baby items sold on Bodie & Fou
  64. 64. baby items, paintings…
  65. 65. baby items, paintings, jewellery…
  66. 66. baby items, paintings, jewellery, wedding gifts
  67. 67. baby items, paintings, jewellery, wedding gifts
  68. 68. Time spent on the site increased by 66% ! Number of products viewed increased by 126%
  69. 69. Buying cycles are getting longer… research website awareness product search Pinky Board product awareness decision payment reception satisfaction extensive research price comparison browsing competition sharing for feedback
  70. 70. research website awareness product search product awareness decision payment reception Pinky Board satisfaction are buying from the 1st contact <15% Buying cycles
  71. 71. Average CTR 7.4%
  72. 72. Category Page Surfboards
  73. 73. Product Page Pinky Board
  74. 74. Ave. 13% Greater Conversion
  75. 75. £25 £18 £25 £18 Dynamic Up-selling £12
  76. 76. Cart Page Cart Page
  77. 77. Search Page Search Page
  78. 78. Search Page Search Page Customers who search are ! 3-4x! more likely to buy
  79. 79. Total items : 1005 51 pages
  80. 80. Personalizing the customer journey Pinky Board 404 Surfboards Cart Page Search Page Cart Page Home Page Category Page Product Page Search Page Error Page E-mail
  81. 81. Personalizing the customer journey Pinky Board 404 Surfboards Cart Page Search Page Search and visited items ! Search and purchased items Recommend Hottest Items of the moment ! Personalize Content right down to individual recipient Top List within the category ! Pro Tip: Filter by brand, price point or other tags Top List: Most Popular Right Now Top List showcasing store offering ! Personalized Recommendations Cart Related items ! Personalized Recommendations Cross-selling Up-selling ! Pro Tip: Filter by relative price point to increase AOV Cart Page Home Page Category Page Product Page Search Page Error Page E-mail
  82. 82. ! isaac@nosto.com Thank you
  83. 83. How Can I Help you Today? How to Humanise the Purchase Journey
  84. 84. 1 0 Join the discussion : @dotMailer @Magento #Humanize • Global Email Service Provider • eCommerce pedigree • Automation for online retail Who are dotMailer?
  85. 85. The growth of online 8% Overall $370b Online Sales 2017 $231b Online Sales 10% Overall 2012 Source: Forrester Join the discussion : @dotMailer @Magento #Humanize
  86. 86. Humanising the Purchase Journey Join the discussion : @dotMailer @Magento #Humanize
  87. 87. • A customer experience • A brand opportunity • A chance to connect Shopping is… 5Join the discussion : @dotMailer @Magento #Humanize
  88. 88. Seize the opportunity online – The Online Purchase Journey Source: dotMailer Internal Join the discussion : @dotMailer @Magento #Humanize • Account Registration / Welcome Programmes • Abandoned Browser / Lost Basket Emails • Transactional Emails / Post Purchase Feedback • Retargeting / Re-engagement / Replenishment
  89. 89. Account Creation and Welcome Programmes 33% If someone says hi don’t ignore them! 67% open rate and 33% CTR from welcome messages Source: dotMailer Internal Join the discussion : @dotMailer @Magento #Humanize • Recreate the offline experience • Always say thank-you! • Educate consumer about your brand • Give opportunities to further interact
  90. 90. Browse and Cart Abandonment Source: dotMailer Internal Join the discussion : @dotMailer @Magento #Humanize • Send within the hour • Make sure email is mobile optimised • Include customer service details • Use product recommendations • Test 29% If someone adds products to their basket and drops it, help them! Sales recaptured through a three step abandoned cart program
  91. 91. Transactional & Post Purchase Feedback Source: dotMailer Internal Join the discussion : @dotMailer @Magento #Humanize • Again, remember to say thanks! • Build personality of brand • Gain knowledge • Cross sell but make sure you add value 14% If someone places an order, say thank you – encourage them to come back Winback with a promo code sent during order confirmation
  92. 92. Retargeting, Re-engagement and Replenishment Source: dotMailer Internal Join the discussion : @dotMailer @Magento #Humanize • Data & segmentation is key • Harness information from Magento • Proactively approach your customers • Treat customers differently to subscribers 67% Use the information you already have to estimate when customers will return Repeat customers spend, on average, 67% more than new customers
  93. 93. • People like talking about themselves! • Act on behaviour not just answers • Service & Satisfaction • Make it useful Questions, Questions, Behaviour? Join the discussion : @dotMailer @Magento #Humanize
  94. 94. • Treat people differently • Friends, Family & Strangers • Tailor the experience • Make people feel special Personalisation Join the discussion : @dotMailer @Magento #Humanize
  95. 95. • Stand out from the crowd • Consider your persona • Always add value & build trust ROR – Return on Relationship Join the discussion : @dotMailer @Magento #Humanize
  96. 96. A 5% increase in retention yields profit increases of 25 to 100%. Repeat customers spend, on average, 67% more than new customers Source: Bain and Company Join the discussion : @dotMailer @Magento #Humanize
  97. 97. • The dotMailer way • Time and Resource – 2 biggest excuses • Time to Test • Optimization Think Big, Start Small, Scale Quickly Join the discussion : @dotMailer @Magento #Humanize
  98. 98. 1. Welcome • Sign-up Vs Account? Multi Step, Branched? 2. Abandoned cart • Customers Vs Guests, Top Customers 3. Post purchase • New purchasers Vs Veterans, • Dynamic Content & Seasonal Imagery Takeaways Join the discussion : @dotMailer @Magento #Humanize
  99. 99. “Historically, our number-one growth driver has been from repeat customers and word of mouth” Tony Hsieh, Zappos Join the discussion : @dotMailer @Magento #Humanize
  100. 100. Thank You! Presented by: Stephen Cohen Magento Email Marketing Consultant, dotMailer @dotMailer

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