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Unlocking the power of permission to grow your online sales online retailer conference - sydney sept 2011 - preso slides
1. Unlocking the power of Permission
to grow your online sales
Jeremy Glass Online Retailer Conference
Managing Director Tuesday Sept 27, 2011
Permission Sydney, Australia
2.
3. Revolution: Running shoes
! Stormed the market in 1972 aimed at supporting the
heel and propelling people forward
! Created bad habits and made our feet weak.
4. Heel and toe is a no, no, no
! Runners shouldn’t
be landing on their
heels
! 10%* increase in
Achilles tendon
blowouts since the
70s
* Source: Dr Craig Richards, a researcher at the University of Newcastle in Australia, as outlined in a
2008 article in the British Journal Of Sports Medicine
5.
6.
7. ! Time to get back
to basics and run
how we were born
to run
! On the front of our
feet
! Join the revolution!
8.
9.
10. Online retail’s 3 biggest challenges
! Building without a plan
! Silly behaviour - price
! Technology challenges
16. 2. Silly behaviour - price
! Solution – creating ‘value’ and differentiating the
customer service experience:
! Get to know your customers for greater relevance:
• High value – VIP experiences, no need to discount!
• Lower value – Repeat purchase stimulation.
• Service satisfaction – Manage detractors,
leverage Promoters / Advocates.
17. Unlocking The Power of Permission
Adore
Ambassador
Permission Level
Advocate
Love
Referral
Referral
Social advocacy
Like
Fan
Desire
Customer Relevance
Remarketing
Interact
Visitor
Prospect Earning
Aware
permission
Suspect Relationship Knowledge & Value
18. Parklife Ticket for $7,000
“The World's Most Ridiculously Expensive Ticket”
as requested through Facebook
19.
20. Online retail’s 3 biggest challenges
! Building without a plan
! Silly behaviour - price
! Technology challenges
21. 3. Technology? All too hard
! Problem: Technology limitations and frustrations
! Solution: Low cost, easy to integrate solutions
• Grow sales
• Create greater consumer engagement
• Improve efficiencies
22. Unlocking The Power of Permission
Adore
Ambassador
Permission Level
Love
Advocate
Referral
Like
Fan
Desire Customer Relevance
Remarketing
Interact Visitor
Earning
Prospect
permission
Aware
Suspect Relationship Knowledge & Value
23. 3. Technology solutions
Integrated email
Welcome programs
Purchase within 30 days of
registration will significantly
increase chance of repurchase
and overall lifetime value
Source: Forrester Research
24. 3. Technology solutions
Integrated email
Welcome programs
Purchase within 30 days of
registration will significantly
increase chance of repurchase
and overall lifetime value
Source: Forrester Research
27. 3. Technology solutions
Integrated email
Cart Abandonment programs
Only 17% of top 500
online retailers run CAP’s
Silverpop
Source: Forrester Research
28. Unlocking The Power of Permission
Adore
Ambassador
Permission Level
Love
Advocate
Referral
Like
Fan
Desire Customer Relevance
Remarketing
Interact Visitor
Earning
Prospect
permission
Aware
Suspect Relationship Knowledge & Value
29. 3. Technology solutions
Merchandising and
recommendations
More relevant offers that increase
conversion rates, average order
value and improve overall user
experience
29
31. 3. Technology solutions
Merchandising and
recommendations
“62% of consumers say they
value recommendations
when shopping”
“When deployed,
recommendation engines
drive 2-20% of sales”
31
34. Unlocking The Power of Permission
Adore
Ambassador
Permission Level
Love
Advocate
Referral
Fan Social advocacy
Like
Desire Customer Relevance
Remarketing
Interact Visitor
Aware
Prospect
Suspect Relationship Knowledge & Value
38. Planning
! Our process to get a product sold on the internet and to a
customer
! Pre-planning
Multiple team members working to the best of their Always a happy customer
ability, yet in an unfocused, unorganised fashion
39. Planning
! Our process to get a product sold on the internet and to a
customer
! Post-planning
Operations
Social Media
Reputation Management
SEO/SEM
E-mail Marketing
Organised teams focused on specific capabilities Always a happy customer
Applied to specific on-line businesses with clear objectives