How Publishers Are Trying To Follow Amazon’s Strategies

How Publishers Are Trying To Follow Amazon's Strategies

More publishers have charged into commerce looking for new revenue. Most have gone straight into the jaws of Amazon. Amazon pulls many in with its convenience and is an addictive partner. Some publishers, Amazon represents upward of 80 percent of their affiliate commerce revenues. This has caused many publishers trying to think of a way to Amazon-proof their e-commerce strategies. Here are some advice and opinions that we have.

Use Audience to Personalize Data

Aram Zucker-Scharff who is a digital ad engineering director at The Washington Post said “The advantages of publishers building gateways [for commerce] is they know their user base better.” He also added, “Amazon has to be very general because they have to serve everyone. If you know that your readers are very interested in a particular thing, you can customize that experience in a way that caters to them.” Publishers can also use the information collected from audience taxonomies and form article recommendations to also better understand product recommendations.

Embrace The Role As An Authority

Amazon is a e commerce platform many of us are familiar with. Its a place where many go to purchase something they’ve even wanting to buy or they are just scratching through the surface of curation. This just gives the publishers which have gained readers’ trusts an advantage. Jacqueline Wladis, the director of partnerships at Keep.com said that “It’s all about curation”. “They’re coming to you as a top-of-funnel publisher because they want new suggestions.”

Tell Products Stories

A lot of brands are still cautious when it comes to e commerce giant Amazon, and that they might be behind in all of Amazon’s fame and glory. Jack Jia, the founder of Musely said that “democratization of product making” gives all publishers an opportunity.

“Think of how many different kinds of bottled water we drink now. There’s audience for each of these makers. But those stories need to be told before someone wants to buy one of those products,” he added. “The Walmarts and Amazons of the world struggle to do that.”

Using Apple Pay To Your Advantage

One of the main reasons why publishers end up attached to Amazon, is because of its convenience it offers its consumers. There are more than 40 million people who use the Amazon iPhone app every month, and over 1.5 million new people download the app every month.

Majority of publishers are not willing to direct their readers to a different retailer or retailers, which have a smaller number of app installation and may have a more time consuming and difficult checkout process. Whereas, Apple Pay offers its users with a quick and convenient check out system, which will definitely ease the friction.

According to CTO Jake McGraw who spent 5 years at Refinery29, most shoppers are more time sensitive compared to price sensitive. It would be best to offer your customers a checkout system that is easy and fast.

 

 

Originally published by DigiDay, written by Max Willens on the 29th September 2017

Customer Retention Tactics For Your Apparel Ecommerce Business

Customer Retention Tactics For Your Apparel Ecommerce Business

Customer Retention Tactics For Your Apparel Ecommerce Business

Any business will agree that they would do anything to retain their beloved customers and to keep them coming back. There are several benefits that comes from customer retention, such as the possibility of selling to a returning customer can reach up to 70%. Not to mention, 80% of the businesses revenue usually comes from returning customers. Whereas, new customers only account for 20%-30% of the business revenue. It is the same when it comes to the online apparel industry. The up side to customer retention is, when customers are coming back to you, they’ll be able to give you useful information on improving your business or even launching new products. Customer retention is one thing no business would ever overlook.  here are some effective strategies to help your business retain its customers:

Develop Customer Loyalty Programs

Getting new customers to buy from your site is not easy, but retaining one is not any easier either. Businesses work very hard everyday to come up with ways to retain their customers. Winning a customers trust can sometimes be challenging and costly, so why not develop a strategy that will work for the business? A customer loyalty program is a great way to get your customers to come back and purchase from you again and again. Though some people might say that this technique has been over used, there is no doubt that it can help a business retain its customers. Its as simple as offering your customers a little exclusivity when purchasing from your business. For example, with the customer loyalty program you could offer returning customers an extra 5%-10% on their next purchase from your business. Or you could also make it a points system, where when customers make a purchase from you they will be automatically collecting points, and from there use these points to redeem vouchers that can be used to purchase products. This strategy in other words is rewarding your customers for their loyalty to your business.

Personalized Retention Emails

One of the most effective ways of getting your customers to come back, is through emails. This is one of the most effective strategies to retain your customers. All businesses today communicate through email, whether it be big or small. For this reason email marketing still remains an important marketing tool for your business. According to a report by Small Business Trends, 80% of businesses to rely on email marketing to maintain customer retention. Most of the times these emails are deleted before they are read by the receivers, unfortunately. However, there is a way you can avoid receivers from deleting the email right away or marking them down as junk emails. Personalize the emails that you send to your customers. Do not just send out the same email to all your customers. As not all of them have the same interests. By applying this to your email marketing strategy, it will do wonders for your online apparel business. Another way of personalizing an email is by addressing your customers by their names. Instead of starting your emails with “Hi!”, you could instead add your customers name’s (e.g “Hi John” and “Hi Annie”). By doing this, you are making the customers feel how important they are and close they are to the business. At the end of the day, retention emails plays a great role in customers remaining loyal to your apparel business.

Why customers may not be clicking on your emails.

Simplify The Registration Process

The only reason why customers tend to step away from registering for an account on your website is probably because of the process. Customers often find this process tedious and ignores it. But, we are all aware that it would be much easier to retain customers of they were to sign up. So, how do you get your customers to sign up? It is important that you come up with a strategy to encourage customers to register on your website.

For starters, give your customers an easy to fill registration form. Keep it short and simple, only asking for the most basic details (e.g Name, Address, Email and Telephone Number). Do not forget to mention how signing will help benefit both you and the customer. This will help the customer understand how this process will be of help in the near future. Also, try to make the registration process as interesting as possible! Have links connected to your blog or your social media channels which provide more information on your company and or products.

Reduce The Rate Of Shopping Cart Abandonment

Shopping cart abandonment happens more often then business owners would like. Even with the use of remarketing tools to reduce the rate of cart abandonment happening, unfortunately it still happens. Businesses charging high prices are one of the main factors as to why customers abandon their carts. Some customers might feel annoyed half way scrolling the website and just leave without making a purchase. There are many other reasons but they do not necessarily force them to abandon their carts. Cross-selling is a great way to reduce cart abandonment for ecommerce apparel businesses. Also, by adding a progress indicator at the check out page you can reduce card abandonment too or put a thumbnail on all the pages until the customer decides to check out. Providing your customers with a variety of payment options can also help with cart abandonment.

Enhance Your Site User Experience

Customer experience plays an extremely important role in customer retention. Without a user friendly site, your business is sure to find it difficult to retain your customers. According to research, around 60% of first time customers will leave the site and not come back if your site lacks a user friendly experience. What you could do is, start by focusing on making your site user friendly instead of making it viewer friendly. Don’t get me wrong, of course your site has to be pleasant to the eyes but making it user friendly triumphs the design any day.

What you could potentially do to improve the user experience is by facilitating faster browsing through the pages. Make the pages light, not heavy and at the same time providing as much product information as you can. Try not to push too many images/content as it can cause the page to take forever to load and can cause the browser to crash on slow computers. In addition, offer your customers some kind of incentive whether it be big or small before asking them to sign up. Without doing so will only cause them to not sign up or drive them away.

 

 

 

Google and Walmart Join Forces To Battle E-Commerce Boss Amazon

Google and Walmart Join Forces To Battle E-Commerce Boss Amazon

Google and Walmart Join Forces To Battle E-Commerce Boss Amazon

Google and Walmart are joining forces to take on e-commerce giant and competitor, Amazon.

Starting from late September, Walmart customers will be able to purchase items through the Google Express platform. What is Google Express? It is an online marketplace where customers can shop from various retailers such as Costco, Bed Bath & Beyond, Ulta and so much more all in one place. And the best part of it all is that it gets delivered right to your doorstep. Customers can also easily find and purchase the items they would like to purchase off Walmart through using Google Assistant and the Google Home Smart Speaker. This will definitely be one of Amazon Echo’s biggest competitors. Furthermore, shoppers will be able to link their personal Google accounts to Walmart and get personalized recommendations based on what they like.

With an estimate cap of $894 billion of the two giants put together the relationship is definitely symbiotic.  Walmart has made the right move to up its e-commerce profile by joining forces with Google, while it continues to battle with e-commerce giant Amazon in both the digital and brick-and-mortar world. Google also is at an advantage where Google Express now offers a wider selection of items and a more powerful shopping platform though its Google Home smart speaker and digital assistance.

After the announcement of the joint forces of Google and Walmart, Good has said that they are going to make some changes to better the Google Express platform in order to compete with giant, Amazon Prime. The charges for Google Express and Amazon Prime are super competitive with Google charging at $95 and Amazon Prime charging at $99 annually. Following with the changes, Google will be offering its users free delivery within one to three days of the purchase if the order meets the store’s minimum spend. An example would be, Walmart recently announced that they would offer free two day shipping on customer orders over $35. Customers who purchase from Walmart through the Google Express platform will then be entitled to free shipping, provided they meet the $35 mark.

Amazon and Walmart’s competition has been going on for quite a while now, with Amazon opening more brick-and-mortar stores while Walmart is investing more and more in new e-commerce technology. Walmart has also invested billions to obtain e-commerce shopping platforms Jet.com and Bonobos. It is clear that Walmart is trying to make its mark in the e-commerce sector.

Whereas, Google and Amazon are competitors in various industries, from smart speakers, to e-commerce, to digital assistants, to the cloud. These two giants are constantly neck to neck in the industry. According to reports, Google will be opening a big new office in Seattle, which is as we all know Amazon’s turf. Now, wouldn’t that be interesting. Two HUGE online competitors on the same grounds.

Article originally written by Nat Levy on GeekWire on the 22/8/2017