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11/14/2012 1 Relationship Marketing: Attract New Shoppers and Nurture Repeat Business Lily Tung Crystal November 14, 2012 Introducing Magento Go Launched February 2011 Ready-to-use professionally designed themes CSS-based theming approach Inline and importable translations Drag-and-drop layout editing Out-of-the-box payment gateway integrations Expand your store with Trusted Extensions Professional web design services from partners
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Page 1: Relationship Marketing: Attract New Shoppers and Nurture ...info2.magento.com/rs/magentoenterprise/images... · Relationship Marketing: Attract New Shoppers and Nurture Repeat Business

11/14/2012

1

Relationship Marketing: Attract New

Shoppers and Nurture Repeat Business

Lily Tung Crystal

November 14, 2012

Introducing Magento Go

Launched February 2011

Ready-to-use professionally

designed themes

CSS-based theming

approach

Inline and importable

translations

Drag-and-drop layout editing

Out-of-the-box payment gateway

integrations

Expand your store with Trusted

Extensions

Professional web design

services from partners

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2

Agenda for Today’s Webinar

INTRODUCTION – About Magento and Magento Go

PRESENTATION – What is relationship marketing?

– Social media

– Email newsletters

– Product reviews

– Recapturing abandoned shopping carts

QUESTIONS & ANSWERS

Yes, this webinar is being recorded.

The recording and the slides will be

available online later.

About Lily Tung Crystal

• Professional writer

– 18 years of experience

– ProStores blog and seller

success stories

– Magento eCommerce guides

• Dozens of interviews of

eCommerce merchants

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What is Relationship Marketing?

What is Relationship Marketing?

A strategy used to nurture customer loyalty

and long-term engagement, as opposed to

individual sales.

Merchants interact and develop strong

connections with customers by providing

information suited to their needs and

interests.

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Social Media:

Facebook and Twitter 101

How to Begin

• Create your

Facebook Page

• Open your Twitter

account

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Easy to Set-up

Facebook Twitter

Build Your Following

• Include buttons on your web store, emails,

and newsletters

• Create incentives and contests

– Wildfire, North Social, Offerpop apps

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Create Community

• Post good content—don’t just “sell”

• Post news and information relevant to your product and shopper

• Offer VIP promotions and discounts

• Follow the 80/20 rule

• Interact with your customers – Ask for opinions, feedback and photos

– “Like” comments

• Address customer service

Email Marketing

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How to Begin

• Retain customers and spark sales

• Use MailChimp or Constant Contact

• Add a newsletter subscription link to your

store pages

10 Email Marketing Tips

1. Educate your customers with news and

how-to articles

1. Keep your inventory fresh and introduce

new products and trends

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10 Email Marketing Tips

3. Combine with social media

– Publish posts on

your blog, Facebook

and Twitter

– Include Facebook, Twitter

and other social media

buttons in emails

10 Email Marketing Tips

4. Customize for different types of

customers

– e.g. retail vs. wholesale

5. Offer discounts, free gifts or free shipping

6. Use the power of the postscript

– Cross-sell

– “Like” us on Facebook

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10 Email Marketing Tips

7. Plot out your mailing frequency

8. Strategize the best time to distribute

9. Garner feedback—create a survey with

incentives

10. Track your metrics and adjust your

strategy

Product Reviews

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Studies Show…

• Reviews affect customer choices

• 65% use reviews before buying

• 80% prefer reviews over in-store research

Why Reviews?

• Increase traffic and conversion rates

• Grow confidence in your store

• Build a community

• Create fresh, unique content

• Optimize for search engines

• Save time—let shoppers do the writing

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Magento Go’s Review Module

Customers: • Click the Add Your Review button

• Choose star ratings

• Write review

Magento Go’s Review Module

Merchants:

• Select and open entries pending review

• View, edit, and approve

• Save

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Gathering Reviews

• Send “Voice Your Opinion” emails to

buyers

• Run a drawing or contest

• Bonus: Garner repeat business and

customer loyalty

Recapturing Abandoned Shopping Carts

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Send an Email

• Customer-service focus vs. sales pitch

• Ask: Trouble checking out? How can we help?

• Link to shopping cart

• Include your contact info

• Don’t wait

Follow Up Email

• Send a day later

• Offer a small discount

– More than doubles conversion rates

• Free or reasonably-priced shipping

– “46% of online shoppers say high shipping charges are a ‘very important reason’ for abandoning carts.”

~ PayPal and ComScore

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Final Email

• Send five days after abandonment

• Offer bigger discount

• Include item image and description from

their cart

Other Tips

• Mix up incentives

• Make a value statement: Why should people

shop with you?

• Have a persistent shopping cart

– “74% of online shoppers use shopping carts as

wish lists.” ~ University of Glasgow

• Track your metrics and adjust your strategy

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Preemptive Strategies

• Make sure there are no checkout problems

• Create a one- to two-page checkout

• Use PayPal Express Checkout – “Increases sales on average by 18%”

~ Ipsos Public Affairs, July 2010

• Display privacy and security policies and testimonials

• Have clear descriptions and images

Summary

• Choose strategies that work for your store

• Turn anonymous shoppers into loyal fans

• Repeat sales = real profits

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Questions?

(and Answers!)

Be sure to visit go.magento.com/support for

other tutorials, articles and videos to help

you get going with Magento Go!


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