Date post: | 17-May-2015 |
Category: | Technology |
View: | 2,114 times |
Download: | 1 times |
2. Marketing landscape has changed2 3. So what should you do? 4. Go social! Cost effectivemarketing Engages yourmost loyalcustomers Deliversimmediate results 5. Fab.com Success Story ~ 15% of Fabsdaily traffic comesfrom Facebook ~ 5% comes fromsites like Twitterand PinterestSource: WSJ. February 2012 6. Eventbrite Success Story Every link sharedon Facebookgenerates $2.52 inticket sales Facebook sendsmore traffic thanany other source,including GoogleSource: TechCrunch. October 2010 7. Research confirms social works 8. 23% of shoppers share over half the time 23% 9. Even more want to share83% of onlineshoppers say theywant to shareinformation abouttheir purchases Source: Digital Buzz, March 2010 10. They share because they thinktheir friends would like it 11. 94% bought a productrecommended last year94% 12. Recommendations increaselikelihood to buy Customers are 71%more likely topurchase a product ifreferred by a socialmedia channel Organically customersare only 7% likely topurchase a productSource: Hubspot, January 2010 13. Word of mouth drives sales Word of mouth is the primary factor behind between 20% and 50% of purchases Source: McKinsey, April 2010 14. 64% would share more if they were incentivized to do soThe Power of Social Referrals 15. Top rewards that motivate #1 Cash Back 84% #2 Discounts 72% #3 Free Shipping 65% 16. So how do you get started? 17. Your social commerce toolbox Sharing Widget & Tell-a-Friend User Reviews Loyalty Programs Social Media Sweepstakes 18. Tool #1: Your Sharing WidgetFully integrated with the social media avenues customers most! 18 19. Sharing Widget Results 300% uplift inshares Over 50% CTR onshares Built database oftop 5% mostinfluentialcustomers 20. Tell-a-Friend Product Goal: newsletter sign ups Action: created a contest to spread the word20 21. Tool #2: User ReviewsThe Stats:70% of Americans say they lookat reviews before taking the nextstep to conversionThe Action:Bazaarvoice installed reviewson the website and deemedloyal reviewers as Black BookInsiders 22. User Reviews Results 200% in conversion among customers who engage with reviews 300% in revenue per visitor 250% in average order value 23. Tool #3: Loyalty Programs The Thwipster Loyalty Program: Thwipster incentivized behaviors that would lead to increase traffic, email acquisition and sales Customers could trade points for: discounts free shipping $ off orders 24. Loyalty Program Results Increase traffic 60% M/M 45% of email subscriptionsconvert to loyalty program Loyalty members viewedpages 16X more than non-rewarded users 50% buy every month Like, Tweet, +1 2000X moreSource: Punchtab, 3 months 25. Tool #4: Social Media Sweepstakes The Contest: Instant-win coupon promotion to engage fans and attract more users The Action: Instant-win promotion on their Facebook Fan Page Users needed to become a fan in order to redeem their instant-win coupon 26. Social Media Sweepstakes Results 21% coupon redemption 4,000 new Facebook fans Generated $30,000 in revenue 250% ROI net of all campaignand marketing costs Source: Hautelook, 7 days 27. Empower your customers and see your business grow! Its that simple. 28. Thank You! 28
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