how to use digital to beat seasonal slumps

30
How To Use Digital To Beat Seasonal Slumps Justin Butcher

Upload: jamie-sellars

Post on 14-Jul-2015

231 views

Category:

Marketing


0 download

TRANSCRIPT

Page 1: How To Use Digital TO Beat Seasonal Slumps

How To Use Digital To Beat

Seasonal SlumpsJustin Butcher

Page 2: How To Use Digital TO Beat Seasonal Slumps

About Me

Justin Butcher

Head of Digital Marketing @ Return On Digital

Head up Technical SEO, Content, Outreach, PPC and Social Media teams

4 years at Return On Digital

Passionate about using data and creativity to get results

Follow me on Twitter: @justin_butcher

Page 3: How To Use Digital TO Beat Seasonal Slumps

About Us

Page 4: How To Use Digital TO Beat Seasonal Slumps

Our Approach

Traditional

Approach

Our

Approach

Page 5: How To Use Digital TO Beat Seasonal Slumps

What I’ll Be Talking About

1) Importance of planning for quiet periods

2) Generating new demand for your products or services in quiet periods

3) Creating urgency to buy your products

4) How to make your traffic work harder for you

5) Driving return visits to your website

Page 6: How To Use Digital TO Beat Seasonal Slumps

Planning for quiet

business periods

Page 7: How To Use Digital TO Beat Seasonal Slumps

PlanningLooking at the data

Don’t wait for the quiet period to come before you start activity

Look at the data to help predict quiet online periods if this isn’t already obvious

Don’t assume that quiet online periods are exactly the same as offline ones

Look at the differences in buyer behaviour in quiet periods

To find the opportunities, ask yourself “why?”

Page 8: How To Use Digital TO Beat Seasonal Slumps

PlanningBuyer behaviour

What products or services are sold during the quiet periods and why?

Are the customers buying these products at these times different to all year round customers?

How can we target this different audience?

Page 9: How To Use Digital TO Beat Seasonal Slumps

PlanningBuyer behaviour

Where have they come from?

New potential target audience to target during quiet periods

“Price conscious mums looking for fun learning aids for children during the summer holidays”

Page 10: How To Use Digital TO Beat Seasonal Slumps

PlanningResearching your new audience

Where will this new target audience be during our quiet periods?

What will matter to them at that time?

Who or what influences them?

Page 11: How To Use Digital TO Beat Seasonal Slumps

PlanningBuild your army!

Build a following so that you can target them specifically during your quiet period

Build this audience through Facebook advertising, Twitter, email sign-ups, forumsor wherever you find them to be online!

Build relationships with the people that influence them

Page 12: How To Use Digital TO Beat Seasonal Slumps

Generating demand

from different

audiences

Page 13: How To Use Digital TO Beat Seasonal Slumps

Demand GenerationTriggering need

Everyone has a problem or need they don’t know about yet

You need to be there when the need is realised

You can also be the trigger that makes them realise they have a problem

Think about the triggers that will unlock latent demand from your new audience

Page 14: How To Use Digital TO Beat Seasonal Slumps

Demand GenerationTriggering need

Create content which makes your new target audience realise they have a problem which your business can solve

Create a proposition or offer which ensures they use your business

Use this methodology to target people who may potentially buy from you at quiet times of year

Page 15: How To Use Digital TO Beat Seasonal Slumps

Demand GenerationContent promotion

Ensure you are visible at the moment your new audience realise they have a problem which you can solve

When the need is triggered the user will typically use search to find information

Invest in trigger related content on your site well in advance of your quiet period

Show your new audience all available solutions to their problem

Page 16: How To Use Digital TO Beat Seasonal Slumps

Creating urgency to

buy

Page 17: How To Use Digital TO Beat Seasonal Slumps

Creating UrgencyCreating urgency to buy within existing audiences

Understand what would make your audience buy today rather than tomorrow

Is your audience proactive or reactive?

If they are reactive, what would make them proactive?

Page 18: How To Use Digital TO Beat Seasonal Slumps

Creating UrgencyCreating urgency to buy during quiet times

Use time related incentives to buy eg “offer ends in 2 weeks”

Use fear of missing out eg “until stocks last”

Be wary of too many price reduction incentives

Use early bird incentives eg “stock up now for the winter and save £200”

Page 19: How To Use Digital TO Beat Seasonal Slumps

Creating UrgencyWhere to target your audience with offers

Highly targeted social advertising – Facebook, Twitter, LinkedIn

Existing social audience

Cleverly segmented email lists

Remarketing to users who have performed certain actions on your website

Page 20: How To Use Digital TO Beat Seasonal Slumps

Making your traffic

work harder for you

Page 21: How To Use Digital TO Beat Seasonal Slumps

Conversion RateMaking your traffic work harder for you

In preparation for your quiet season make sure your site converts well

It will be easier to generate more sales through an increased conversion rate during quiet periods than through increased traffic

In the above example an increase in conversion rate to 2% would lead to an extra £38,956

Page 22: How To Use Digital TO Beat Seasonal Slumps

Conversion Rate

Get users from the target audience to test the site Use the feedback from this to come up with theories that can be tested with data We used data from Google Analytics and UX tracking software

User testing

Page 23: How To Use Digital TO Beat Seasonal Slumps

Conversion Rate

UX tracking tells us where people are clicking, “hot” areas of the site and if users are scrolling down the page

User testing, UX and Google Analytics allows us to formulate hypothesis to prove or disprove with split testing

UX tracking

Page 24: How To Use Digital TO Beat Seasonal Slumps

Conversion Rate

Making changes based on user testing, UX tracking, Google Analytics and split testing has had an immediate effect for the client above

Conversion Rate Optimisation

Page 25: How To Use Digital TO Beat Seasonal Slumps

Driving sales from

repeat visitors

Page 26: How To Use Digital TO Beat Seasonal Slumps

Return Visits

Return visits are usually more valuable than new visits

In the above example return visits contribute 45% of total visits but 68% of total revenue

Encouraging repeat visits and increasing customer lifetime values can further cushion you from seasonal blows

Contribution to revenue

Page 27: How To Use Digital TO Beat Seasonal Slumps

Return Visits

Segment your email list by people who you know have previously purchased during quiet periods

Send targeted emails offering an offer or a discount on a complimentary product or an upgrade

Ideal if you the product or service you sell expires or requires upgrading annually eginsurance products

Targeted Cross Or Upsell

Page 28: How To Use Digital TO Beat Seasonal Slumps

Return Visits

You can also use this same email segment and target them via social media

“Facebook custom audiences” allows you to upload email lists

You can show highly targeted and resonant Facebook ads to these users only

Targeted Cross Or Upsell

Page 29: How To Use Digital TO Beat Seasonal Slumps

Return Visits

You use remarketing to target users who have previously visited your site, and tempt them to come back

Specifically, you can remarket to users who have added items to their basket but did not purchase

Works particularly well in conjunction with seasonal voucher codes to get converting users back to the website

Abandoned basket remarketing campaigns

Page 30: How To Use Digital TO Beat Seasonal Slumps

Thank You For Listening