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Retail. Accelerated.
www.brightpearl.com
How to improve the
Operation & Management
of your Online Business
www.promodo.com
About Promodo
Promodo at a Glance
Established in 2004 – UK 2010
Google AdWords and Google Analytics Official Partner
21 Google AdWords and 32 Google Analytics Certified Experts
Currently over 500 campaigns World Wide
Have worked with largest e-retailers in the Russian-speaking web
Accredited agency by Bing Ads and Yandex.Direct
Over 120 in-house specialists
www.promodo.com
International Marketing Manager who is
currently in charge of marketing efforts at
Promodo.com. Elena is a GA certified
individual and a very enthusiastic online
marketer, with experience in SEO, content
marketing and social media. Elena is a
frequent speaker at webinars and has
been featured in WebsiteMagazine,
Smartinsights, and other online marketing
sources.
www.promodo.com
Mobile ecommerce
dashboards to track mobile
marketing efforts
Why mobile traffic is
important?
Read more here:
http://googlewebmastercentral.blogspot.com/2015/04/rollin
g-out-mobile-friendly-update.html
Optimize the site for
mobile users
What percent of your site
visitors are on mobile devices?
What kind of mobile devices?
Use already created
dashboards for analysis
Solution Gallery:
https://www.google.com/analytics/g
allery/#landing/start/
Thanks to Justin Cutroni for sharing
an awesome dashboard
Follow the link:
https://www.google.com/analytics/gallery/#posts/search/%3F_.viewId%3D8USYBWAaQ5eDjl_XaKeLmQ/
www.promodo.com
Cohort analysis in Google Analytics:
how to measure the impact of changes
in your strategy
What’s so special about
cohort analysis?
• Measure the effectiveness of different
traffic channels
• Determine the best time for holiday or
time-based campaigns
• Calculate the average time of
conversion from site visitor into your
customer
The core principle of Cohort
Analysis:
• All site visitors are grouped into cohorts
– a segment of users which is based on
a date.
• Different cohorts are tracked separately.
This is how it looks like in
Google Analytics:
This is how it looks like in
Google Analytics:
Compare quality of traffic from
different channels:
Compare quality of traffic from
different channels:
www.promodo.com
Top business metrics in site
analytics to keep an eye on for
data-driven decisions
Top business metrics to start
monitoring right now
Cost of Customer Acquisition
Conversion Rate
Shopping Cart Abandonment
Average Order Value
Setting up goals and enabling
ecommerce tracking are must-haves
Download here:
http://lp.promodo.com/guides/googl
e-analytics/
=CAC
MCC
CA
CAC = Cost of customer acquisition
MCC = Total marketing campaign costs related to acquisition (Not
retention)
CA = Total customers acquired
Cost of Customer Acquisition
How to calculate Total customers acquired:
1) Set up in Google Analytics a goal that equals an unique
purchase on the site
2) Select the channel/marketing campaign you want evaluate
3) Check out the number of times this goal have been completed
Cost of Customer Acquisition
=CR
(Conversion
rate)
Total number of visits related
to a traffic source
Total number of
conversions related to a
traffic source
Conversion Rate
Conversion Rate
=Shopping Cart
Abandonment
Rate Number of shopping carts
created
Number of orders
placed
1 -
Shopping Cart Abandonment
Shopping Cart Abandonment
How to calculate shopping cart abandonment
rate:
1) Set up in Google Analytics two goals: add to
shopping cart and checkout success
2) Create the Funnel
3) View the Funnel Visualization report
Shopping Cart Abandonment
How to calculate shopping cart abandonment
rate:
1) Set up in Google Analytics two goals: add to
shopping cart and checkout success
2) Create the Funnel
3) View the Funnel Visualization report
=Average Order
Value (AOV)
Average Order Value
Number of orders taken
Total revenue
Average Order Value
www.promodo.com
e-mail: e.ruchko@promodo.com
Twitter: @ElenaRuchko
Lena Ruchko
International Marketing Manager
at Promodo
Let’s keep in touch
Retail. Accelerated.
www.brightpearl.com
How to improve the
Operation & Management
of your Online Business
Retail. Accelerated.
www.brightpearl.com
Phill Kay
Head of Global Partnerships at Brightpearl
Phill has been at Brightpearl for 2 years and now
heads up global partnerships after experience
running the company’s eBay partnership. This role
fits his personality well; being a person of integrity,
drive and vision, he is able to reliably design and
deliver strategies to maximise the benefits of
complimentary solutions to customers in the on-
and offline multi-channel retail space so that they
can use them to drive accelerated, sustainable
and profitable growth.
● Intro
● How to improve managing inventory and orders to reduce stock outs, double selling and
improve cash flow
● How to improve customer service to ensure a personalised and coordinated approach
● Increase visibility into your operations to make better business decisions
● Q&A
Talking points:
● Difficulty keeping track of inventory across multiple channels
● Manual, repetitive processes incurring lots of inefficiency
● Problems in controlling a diverse supply chain
● Lack of data and insight into the business; especially into profitability
● Utilising customer data to market to/reward return customers
Some Key Challenges of managing a growing retail business
● Chris Tanner & Andrew Mulvenna founded Lush Longboards whilst at university studying
computer science
● Whilst growing Lush Longboards Chris started to write Brightpearl for use in his own business
● In 2007 Chris decided to sell Lush Longboards to focus on Brightpearl
● In 2015 we now have over 1200 customers across the world and employee 80 people in Bristol
and San Francisco
Brightpearl history: Lush Longboards
Brightpearl is a multichannel retail management
system
We help retailers manage the heart of their
business - bringing orders, inventory, customer
data, accounting and reporting together in one
place
The Brightpearl Solution
How to improve managing inventory
● Use one centralised hub for in- and outbound stock control
● Eliminate re-keying of stock data and/or inaccurate stock levels
● Reduce stock outs and eliminate double selling
● Utilise an integrated low stock report to manage replenishment efficiently
● Control the supply chain utilising an integrated purchasing system
● Minimise disgruntled customers through accurate stock control and efficient fulfillment
● Company wide visibility of customer data
● Seamless control of refunds and exchanges
● Segment customers to send relevant information to them
● Understand customer engagement levels to drive loyalty
● Excellent wholesale control
How to improve customer service
● Transactional level data
● Integrated COGS (Cost of Goods Sold)
● Operating the business to make the most PROFIT, not revenue!
● Combining accounting, sales and customer data = POWER!
Increase visibility into your operations to make better business
decisions
www.promodo.com
Thank you for
your attention!

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Brightpearl and Promodo Webinar: How to Improve the Operation and Management of your Online Business

  • 1. Retail. Accelerated. www.brightpearl.com How to improve the Operation & Management of your Online Business www.promodo.com
  • 3. Promodo at a Glance Established in 2004 – UK 2010 Google AdWords and Google Analytics Official Partner 21 Google AdWords and 32 Google Analytics Certified Experts Currently over 500 campaigns World Wide Have worked with largest e-retailers in the Russian-speaking web Accredited agency by Bing Ads and Yandex.Direct Over 120 in-house specialists
  • 4. www.promodo.com International Marketing Manager who is currently in charge of marketing efforts at Promodo.com. Elena is a GA certified individual and a very enthusiastic online marketer, with experience in SEO, content marketing and social media. Elena is a frequent speaker at webinars and has been featured in WebsiteMagazine, Smartinsights, and other online marketing sources.
  • 5. www.promodo.com Mobile ecommerce dashboards to track mobile marketing efforts
  • 6. Why mobile traffic is important? Read more here: http://googlewebmastercentral.blogspot.com/2015/04/rollin g-out-mobile-friendly-update.html
  • 7. Optimize the site for mobile users
  • 8. What percent of your site visitors are on mobile devices?
  • 9. What kind of mobile devices?
  • 10. Use already created dashboards for analysis Solution Gallery: https://www.google.com/analytics/g allery/#landing/start/
  • 11. Thanks to Justin Cutroni for sharing an awesome dashboard Follow the link: https://www.google.com/analytics/gallery/#posts/search/%3F_.viewId%3D8USYBWAaQ5eDjl_XaKeLmQ/
  • 12. www.promodo.com Cohort analysis in Google Analytics: how to measure the impact of changes in your strategy
  • 13. What’s so special about cohort analysis? • Measure the effectiveness of different traffic channels • Determine the best time for holiday or time-based campaigns • Calculate the average time of conversion from site visitor into your customer
  • 14. The core principle of Cohort Analysis: • All site visitors are grouped into cohorts – a segment of users which is based on a date. • Different cohorts are tracked separately.
  • 15. This is how it looks like in Google Analytics:
  • 16. This is how it looks like in Google Analytics:
  • 17. Compare quality of traffic from different channels:
  • 18. Compare quality of traffic from different channels:
  • 19. www.promodo.com Top business metrics in site analytics to keep an eye on for data-driven decisions
  • 20. Top business metrics to start monitoring right now Cost of Customer Acquisition Conversion Rate Shopping Cart Abandonment Average Order Value
  • 21. Setting up goals and enabling ecommerce tracking are must-haves Download here: http://lp.promodo.com/guides/googl e-analytics/
  • 22. =CAC MCC CA CAC = Cost of customer acquisition MCC = Total marketing campaign costs related to acquisition (Not retention) CA = Total customers acquired Cost of Customer Acquisition
  • 23. How to calculate Total customers acquired: 1) Set up in Google Analytics a goal that equals an unique purchase on the site 2) Select the channel/marketing campaign you want evaluate 3) Check out the number of times this goal have been completed Cost of Customer Acquisition
  • 24. =CR (Conversion rate) Total number of visits related to a traffic source Total number of conversions related to a traffic source Conversion Rate
  • 26. =Shopping Cart Abandonment Rate Number of shopping carts created Number of orders placed 1 - Shopping Cart Abandonment
  • 27. Shopping Cart Abandonment How to calculate shopping cart abandonment rate: 1) Set up in Google Analytics two goals: add to shopping cart and checkout success 2) Create the Funnel 3) View the Funnel Visualization report
  • 28. Shopping Cart Abandonment How to calculate shopping cart abandonment rate: 1) Set up in Google Analytics two goals: add to shopping cart and checkout success 2) Create the Funnel 3) View the Funnel Visualization report
  • 29. =Average Order Value (AOV) Average Order Value Number of orders taken Total revenue
  • 31. www.promodo.com e-mail: e.ruchko@promodo.com Twitter: @ElenaRuchko Lena Ruchko International Marketing Manager at Promodo Let’s keep in touch
  • 32. Retail. Accelerated. www.brightpearl.com How to improve the Operation & Management of your Online Business
  • 33. Retail. Accelerated. www.brightpearl.com Phill Kay Head of Global Partnerships at Brightpearl Phill has been at Brightpearl for 2 years and now heads up global partnerships after experience running the company’s eBay partnership. This role fits his personality well; being a person of integrity, drive and vision, he is able to reliably design and deliver strategies to maximise the benefits of complimentary solutions to customers in the on- and offline multi-channel retail space so that they can use them to drive accelerated, sustainable and profitable growth.
  • 34. ● Intro ● How to improve managing inventory and orders to reduce stock outs, double selling and improve cash flow ● How to improve customer service to ensure a personalised and coordinated approach ● Increase visibility into your operations to make better business decisions ● Q&A Talking points:
  • 35. ● Difficulty keeping track of inventory across multiple channels ● Manual, repetitive processes incurring lots of inefficiency ● Problems in controlling a diverse supply chain ● Lack of data and insight into the business; especially into profitability ● Utilising customer data to market to/reward return customers Some Key Challenges of managing a growing retail business
  • 36. ● Chris Tanner & Andrew Mulvenna founded Lush Longboards whilst at university studying computer science ● Whilst growing Lush Longboards Chris started to write Brightpearl for use in his own business ● In 2007 Chris decided to sell Lush Longboards to focus on Brightpearl ● In 2015 we now have over 1200 customers across the world and employee 80 people in Bristol and San Francisco Brightpearl history: Lush Longboards
  • 37. Brightpearl is a multichannel retail management system We help retailers manage the heart of their business - bringing orders, inventory, customer data, accounting and reporting together in one place The Brightpearl Solution
  • 38. How to improve managing inventory ● Use one centralised hub for in- and outbound stock control ● Eliminate re-keying of stock data and/or inaccurate stock levels ● Reduce stock outs and eliminate double selling ● Utilise an integrated low stock report to manage replenishment efficiently ● Control the supply chain utilising an integrated purchasing system
  • 39. ● Minimise disgruntled customers through accurate stock control and efficient fulfillment ● Company wide visibility of customer data ● Seamless control of refunds and exchanges ● Segment customers to send relevant information to them ● Understand customer engagement levels to drive loyalty ● Excellent wholesale control How to improve customer service
  • 40. ● Transactional level data ● Integrated COGS (Cost of Goods Sold) ● Operating the business to make the most PROFIT, not revenue! ● Combining accounting, sales and customer data = POWER! Increase visibility into your operations to make better business decisions