Webinar: How Carol's Daughter is Generating 8% Revenue Uplift via Social Media

Post on 14-Sep-2014

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Carol's Daughter is a leading retailer for hair, skin and body products. Carol’s Daughter is maximizing word-of-mouth brand equity with ShopSocially’s social commerce platform. Social testimonials from satisfied customers is resulting in an increase in brand equity, referral traffic and revenue. Carol’s Daughter embedded social commerce modules on its e-commerce site to drive existing purchase intent into conversion by using social media influence. Using the strategy of embedding social media modules on e-commerce site, Carol’s Daughter is seeing impressive success as below: - 8% increase in revenue - 33% sales conversion rate for visitors interacting with social modules - 2.58x higher conversion rate for social referral traffic - Identifying loyal and influential customers - 15% increase in Facebook fan base - Thousands of social testimonials created each month by customers who purchased from the brand Jessica Klein, Director of E-Commerce at Carol's Daughter, presented a webinar along with Jai Rawat, CEO of ShopSocially, where she shared how they are using innovative social strategies to drive significant uplift in sales conversion rate, word-of-mouth recommendations, new customer acquisition and revenue growth while gaining deeper insights into their customer base. Know more about the webinar at: http://blog.shopsocially.com/2013/10/10/shopsocially-webinar-reveals-how-carols-daughter-is-generating-8-revenue-uplift-via-social-media/ Contact ShopSocially at info@shopsocially.com for more details.

transcript

1

How Carol's Daughter is Generating 8%

Revenue Uplift via Social Media

Jessica Klein, Director, E-Commerce Jai Rawat, CEO

@jairawat

Oct 9, 2013

@shopsocially@carolsdaughter

2

• Comprehensive Social

Commerce Platform

• Started in 2010

• 150+ Brand name customers

• Focused on generating ROI

LinkShare

Technology Genius

Award

Most promising

private

companies

2013

Featured in a

recent Social

Commerce

case study

Top Startup

Award

Ask-a-Friend

Refer-a-Friend

Get-a-Fan

Social Connect

Social Login

Viral Offer Sharing

Viral Flash Sale

Share-a-Purchase

Share on Mobile

Shopping Community

Product Stories

Social SEO

3

Quick poll to understand

audience composition

What is your role?

1. E-Commerce Worker

Bee (I carry out

Ecommerce strategy)

2. Social Media

Marketing Specialist (I

am the middle bird)

3. Boss (I make the

decisions)

4. Geek (iImplement)

5. Other

If you chose (2) and

haven’t tweeted about our

webinar yet, your vote will

be invalid!

4

o Known for its natural beauty products for 20 years

o Started eCommerce business in 1999

o Investments from celebrities like Will Smith, Jay-Z and Mary Blige

o Annual revenues of $60 million (source)

o Products can be found in Carol's Daughter retail stores and on

CarolsDaughter.com, at Sephora, Macy's, ULTA, and on HSN

5

ROI

Budget

Resources required

Objectives

Brand image

Vendor selection

Considerations

6

Think social = FB+Twitter+

Pinterest?

Think again!

Source: theconversationprism.com

7

Two pronged Social Strategy

OFF-SITE

Engagement

Feedback

Customer Service

Branding and PR

TV (HSN) and Events

ON-SITE

Engagement

Conversion rate/Revenue

Word-of-mouth amplification

Rich profile acquisition

Deep insights (social influencers, trending products etc.)

8

Off-site : Facebook

• Strongest asset with 930k+ fans

• Almost all acquired organically

• Highly ENGAGED

Source: Stylophane

Top engagement metrics in the beauty industry

9

Off-site : Facebook

• Getting harder to drive traffic from our posts• Even with large, highly engaged fan-base

• Added display ads • re-targeting and look-a-like profiling

• currently in the right rail

• will soon test sponsored posts in the newsfeed

• Stats:• 1-3 million impressions / month

• 0.05-0.09% CTRs

• 0.02% impression-to-order rate

(including view through)

10

Off-site : Instagram

• Most important channel after

Facebook

• Rapid growth• Near zero to 24K followers in 6mo

• On track to double by year end

• Cross channel promotions for

Instagram followers. E.g.:• Instagram exclusive coupon

promoted via Facebook

• $100 gift card sweepstakes

promoted via email

11

On-site Social Strategy

Share-a-Purchase Product Stories

Get-a-Fan Social Connect

12

• Acquire genuine Facebook fans

• Add email subscribers

• Increase sales

• Improve SEO rank

• Add social virality

Get-a-Fan

13

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• Like gated coupon (10% off)

• Intelligent targeting options:– paid vs. free traffic, visitor history, product category etc.

• Auto-schedule campaigns as required

15

16

17

Results

•2.45% of website

visitors converted into

Facebook fans

•32.79% sales

conversion rate for

acquired fans

•28.9% fans also

became email subscribers

18

• Email acquisition ++

– Acquire email + rich profiles

• New customer acquisition

• Increase sales

• Improve SEO rank

• Identify loyal customers and influencers

Social Connect

19

• Users who do a deeper connect with Carol’s Daughter brand get rewarded with a coupon

• Gives access to rich user profiles (name, email, age, geo, gender)

• Word-of-mouth referrals create new customers

• Generates deep social insights into Carol’s Daughter customers

20

Carol’s Daughter products make my hair look so smooth and flowing! Love it!

• Users who do a deeper connect with Carol’s Daughter brand get rewarded with a coupon

• Gives access to rich user profiles (name, email, age, geo, gender)

• Word-of-mouth referrals create new customers

• Generates deep social insights into Carol’s Daughter customers

21

Tell your friends what do you love

about Carol’s Daughter.Carol’s Daughter will receive the following

info: your public profile, friend list, email

address, relationships, birthday, interests,

current city, likes and your friend’s

relationships, birthdays, interests and likes

• Users who do a deeper connect with Carol’s Daughter brand get rewarded with a coupon

• Gives access to rich user profiles (name, email, age, geo, gender)

• Word-of-mouth referrals create new customers

• Generates deep social insights into Carol’s Daughter customers

22

Carol’s Daughter will receive the following

info: your public profile, friend list, email

address, relationships, birthday, interests,

current city, likes and your friend’s

relationships, birhtdays, interests and likes

FB07

• Users who do a deeper connect with Carol’s Daughter brand get rewarded with a coupon

• Gives access to rich user profiles (name, email, age, geo, gender)

• Word-of-mouth referrals create new customers

• Generates deep social insights into Carol’s Daughter customers

23

Get 10% OFF at Carol’s DaughterConnect with us and tell your friends what do you love about Carol’s Daughter to get 10% OFF.

Carol’s Daughter products make my hair look so smooth and flowing! Love it!

24

Get 10% OFF at Carol’s DaughterConnect with us and tell your friends what do you love about Carol’s Daughter to get 10% OFF.

Carol’s Daughter products make my hair look so smooth and flowing! Love it!

Results

• 1.22% of website visitors

connected with the brand

• Rich Data (name, email,

birthday, gender, geo location, user interests and more)

• ~2 clicks from each Facebook

post resulting in new traffic/customers

• 29.79% sales conversion

rate from Social Connect

25

Distribution of Users by

Age

Distribution of Users by

# of Facebook Friends

Distribution of Users by

Gender

Interest Graph of Users

26

27

28

• Convert shoppers into brand

ambassadors

• Acquire new customers via word-of-mouth

recommendations

• Create SEO friendly backlinks

• Identify loyal customers and influencers

Share-a-Purchase

29

Hair Milk 4-PIECE STARTER KIT

Love the feel of my hair after using Carol’s Daughter product. Muuuaaaahh

• At the end of purchase, reward customers for sharing their purchase with a coupon

• Generates thousands of powerful brand endorsements

• Creates high quality referral traffic

30

Hair Milk 4-PIECE STARTER KIT

Love the feel of my hair after using Carol’s Daughter product. Muuuaaaahh

31

Hair Milk 4-PIECE STARTER KIT

Love the feel of my hair after using Carol’s Daughter product. Muuuaaaahh A

E

CD

B

32

Hair Milk 4-PIECE STARTER KIT

Love the feel of my hair after using Carol’s Daughter product. Muuuaaaahh

Results

• ~10% of customers are

sharing their purchases!

• ~2 referral clicks per

post

• 21.16% sales

conversion rate for referral

traffic

• 1000s of word-of-mouth

brand endorsements

33

• Add social proof

• Increase sales conversion

Product Stories

34

• Show social testimonials on the product page itself – adding social

proof at the point of purchase

• Increases sales conversion using social media influence

35

36

Share-a-Purchase

Product Stories

Summing Up the Benefits

of On-Site Social Strategy

Get-a-FanAcquire quality fans

Drive Conversions

Generate Social Insights

Identify Influencers

Word-of-Mouth

Enhance SEO Rank

Social Connect

37

Summing Up the

Numbers

New FansEmail

Subscribers

Social

ConnectsROI

Increase in

Revenue

26,029 7,056 5,470 670% 8%

38

Plans for the Holiday Season

Joann Stout

Look at my curls. Carol’s Daughter

hair products rock!

Ringlets that will makes all her friends jealous. My daughter loves it totally!

My hairs looks so beautiful, made it my display pic :)

Learning to like my curly hair in my senior yrs.

39

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Special Offer for today’s attendees

SSHoliday13Mention the code above to

get one free month or an

iPad mini with one year

subscription

rob@ShopSocially.com

jai@ShopSocially.com

http://shopsocially.com

+1 650 701 7759

CDSSUse the code above to get

20% on CarolsDaughter.com (Expires Oct. 31, 2013)

jklein@carolsdaughter.com

+1 877-540-2101