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Webinar:. Lauren Freedman, President , the e-tailing group Scott Todaro, Senior Director of Product Strategy, Demandware. Before We Get Started, a Few Housekeeping Items: To Join the Teleconference: Tel. 866-469-3239 or 650-429-3300 # # Presentation Content:
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Webinar: Lauren Freedman, President , the e-tailing group Scott Todaro, Senior Director of Product Strategy, Demandware Before We Get Started, a Few Housekeeping Items: • To Join the Teleconference: Tel. 866-469-3239 or 650-429-3300# # • Presentation Content: • Slides and Webinar recording will be made available for download at www.demandware.com. • Email will be sent to notify you of its availability. • Questions: Please ask questions via the chat function.
14 years e-commerce consulting Author, It’s Just Shopping 50+ years traditional retail and catalog experience Fortune 500 client projects ranging from strategic planning, merchandising, marketing, to technology development and messaging Proprietary research studies on mystery shopping and merchandising, marketing and EMC (Evolving Multi-Channel Consumer), In-Store Pickup and Gift Registry E-commerce expert and frequent speaker at industry events, trade associations About the e-tailing group
Today’s Agenda • Why good content matters • Telling the content story • Content best practices • The e-tailing group checklist for best-in-class content `
I. Why good content matters • Consumers are reliant on robust content (text, images, and tools) to research across channels and make confident buying decisions • Good content educates shoppers about the product and the category boosting their perception of your brand in the process • Knowledge acquired via content gives customers the confidence to buy • The right information integrated contextually drives conversion • Smart content reduces return rates as customers buy the “right” product • Ideally, content can serve to replicate the best of personal shopping
Detailed product information is critical across categories from clothing (64%) to computers (52%) to consumer electronics (49%) the ARS eCommerce /e-tailing group Online Content Impact Survey Q3
The quality of a site’s content matters77% of consumers are “very to somewhat” significantly influenced by the quality of online content the ARS eCommerce /e-tailing group Online Content Impact Survey Q7
Shoppers are impatient when information is lacking72% of consumers will abandon your site to go to a competitor or research further online; few return - for the lowest price the ARS eCommerce /e-tailing group Online Content Impact Survey Q10
A. PRODUCT PAGE ESSENTIALS Imagery Text Product Descriptions Related products Ratings/reviews C. CATEGORY/CHANNEL-CENTRIC Product compare Syndicated manufacturer content Category content Rich media tools (view in a room, shop by outfit) Cross-channel content II. Telling the content story D. INTEGRATED MERCHANDISING • Offers • Customer-service • Branding B. RICH MEDIA • Zoom • Alternative Views • Video/Audio • 3D • Product Tours
Merchants rank merchandising features that deliver ROIContent plays an important role respective to imagery and education while category-centric elements receive lower marks The e-tailing group 7th Annual Merchant Survey; 2008 Q7
Content Best PracticesProduct Page Essentials The product page is a destination for consumers that should incorporate the best in text, imagery, tools, plus customer service information
Consumers value the product page52% spend 6 minutes or more on the product page when purchasing online the ARS eCommerce /e-tailing group Online Content Impact Survey Q6
Product page rankings reveal informational hunger“Very important” ranking of all 26 features and functionalities charted in descending order of importance for selecting and ultimately purchasing a product • Confirming the need for qualitative text, the most highly ranked is the product overview (76%) • Ranking next, the merchant’s guarantee (73%) reinforces the consumer’s need to trust before they buy • Third ranking, stock status (69%) reflects the need for products to be available when shoppers want them • Fourth ranking is quality of the image (67%) to ensure shoppers can visualize their potential purchase the ARS eCommerce /e-tailing group Online Content Impact Survey Q14 (Top ranking out of 5)
All the content bells and whistles must be in place • Content Elements • More views • Close Up • Full Set • Fabric Content • Matching Style • Colors • Other Products from the Brand • Customer Service Links the ARS eCommerce /e-tailing group Online Content Impact Survey
Complete information engenders confidence 55% of consumers almost always or frequently (36%) click for more information if they find a product of interest • Content Elements • Ratings/Reviews • Product Description • Specifications • Discussion forum • Accessories • Warranty information • Installation and setup • How to get it • Returns • Special Offers the ARS eCommerce /e-tailing group Online Content Impact Survey
Images of related products add appeal72% feel viewing related products along with the product they intend to buy is “very to somewhat” important to their shopping experience the ARS eCommerce /e-tailing group Online Content Impact Survey Q19
Creativity in deployment reinforces brand proposition • Content Elements • The Facts • Why We Love It • Customer Reviews • Care • Zoom • Additional Views
Information means product details as well as stock status -All content elements on the product page matter -Time is spent viewing text (43%), followed by images (31%) and tools (26%) • Content Elements • Overview • Hands-on research • Features and specs • Accessories • Reviews
B. Rich Media Merchants have adopted a myriad of “rich” techniques that visually engage, sell and support shopping initiatives
Rich media plays an important role in enhancing the customer experience • Among those using Rich Media it is still most effective for enhancing the customer experience although the percent ranking it as such dropped to 79% from 85% LY2008 2007 • Enhancing the customer experience 79% 85% • Increasing conversion rates 66% 65% • Increasing average order size 47% 47% • Reducing return rates 35% 38% The e-tailing group 7th Annual Merchant Survey; 2008 Q8
A picture is worth a 1000 words94% consider it “very to somewhat important” when selecting and ultimately purchasing a product • Alternative views (88%) and Zoom (85%) rank next in importance • Women also rank all of these tools higher than men the ARS eCommerce /e-tailing group Online Content Impact Survey Q12 (Top 2 ranking out of 5)
Rich media resonates with shoppers Content Elements • Color change • Audio • Alternative views • Ratings/ Reviews • Product Tour • Browse more items • You may also like recommendations
Adopt video successes from the web and turn into selling vehicles When looking at rich media tactics such as video demonstrations and flash images 30% of shoppers are somewhat more likely to buy that product the ARS eCommerce /e-tailing group Online Content Impact Survey
C. Category/Channel-centric Tools One’s category is a critical factor moving beyond investing in the basics that can be used to differentiate and elevate your brand
Tools are essential to facilitate the buyRatings and reviews (88%), product guides (87%) and comparison tools (81%) rank most important • Over half of those surveyed also rely on demonstrations (55%) and video (51%), • both of which we anticipate growing with greater merchant penetration • Although the differences are minor, women and men favor different kinds of tools the ARS eCommerce /e-tailing group Online Content Impact Survey Q14 (Top 2 ranking out of 5)
Customer control favors edit capabilities Beyond search compare’s ability to refine the assortment is welcome by shoppers
Syndicated brand content makes selling efficient where brand execution is consistent
Consumers gravitate to tools that save timewhile merchants enjoy an increased AOV
D. Integrated Merchandising Content Integrating strategic elements on the product page and throughout the site experience extends their cross-channel value
Branded content can reinforce your value proposition at many customer touch points
Take advantage of retail locatorsto promote cross-channel activity From promotions to store events and ultimately inventory access the locator is a multi-purpose destination for cross-channel shoppers
Selling should be wisely integrated into your content 42 percent of shoppers spend more than half of their total shopping time researching online Krillion/e-tailing group Web/Store Cross-ChannelShopping Survey; 2008
Shoppers seek out customer service informationMerchant’s guarantee (95%), helpful links (92%) and stock status (91%) top the list the ARS eCommerce /e-tailing group Online Content Impact Survey
Checklist for Comprehensive E-Commerce Content Product Page Essentials • Start with a clear overview of the product • Follow up with a long description for those who seek “more information” • The quality of the image must be crisp and clear to give a true sense of the merchandise • Suggest relevant products via premium real estate including the product page and shopping cart • User-generated ratings/reviews add a personal dimension to the shopping experience • Stock status should be shown to address any availability challenges Rich Media and Category/Channel-Centric Tools • Take advantage of rich media incorporating alternative views, zoom and color change • Relevant tools can embellish the basics where product compare and video should be assessed on a category basis • Leverage manufacturer content through syndication and other means to extend customer experience • Embellish retail locator to drive cross-channel traffic Integrated Merchandising • Offers can be integrated effectively throughout the site to trigger the sale • Branding and customer service messaging reduces the risk for first time shoppers making your brand more accessible
Lauren Freedman President the e-tailing group, inc 773-975-7280 lf@e-tailing.com www.e-tailing.com Can you bank on your content?