retailer webinar series with 800razors
TRANSCRIPT
Retailer Webinar Series: 800razors.com
Phil Masiello – Co-Founder & CEO, 800razors.com
Caroline Riddle- Partner Marketing Manager - Windsor Circle Matthew Ramos – Director, Customer Success - WhatCounts
Today’s Presenters
Caroline RiddlePartner Marketing Manager - Windsor Circle
Phil MasielloCo-founder & CEO– 800razors.com
Matthew RamosDirector, Customer Success- WhatCounts
About 800razors.com
• Where did the business originate?
• Disrup3ng the razor-‐buying market
• Best razors are made in the USA • Partnered with the oldest and
most respected razor manufactures
About WhatCounts
We are email experts that pair a powerful plaCorm with a full-‐service agency to make
sure your subscribers always receive meaningful messages.
• 800+ clients • Sending over 2.2 billion emails monthly • 80+ employees
About Windsor Circle
We are a Predic3ve Lifecycle and Reten3on Marke3ng PlaCorm that Helps
You Grow Customer Life3me Value
• 350+ clients • 35MM consumers • 80+ employees
Today’s Agenda
• Goals
• Tactics, Approach• Lifecycle Marketing• Campaigns• Replenishment
• Results
• Q&A
Giveaway!
• Tweet any webinar takeaways using• @800razors• #liveburnfree
• First 10 people who tweet will receive a free starter shave kit, $26 value! Includes:• Razor handle• Cartridges• Shave Cream• After Shave Moisturizer
3 Things that Phil cares about the most
• Acquisition Cost
• What are new clients spending
• How am I retaining them
Acquisition
• Focus on underutilized spaces to acquire under $40
• Increase visibility of branded products
• Welcome Series
• Refer a Friend via promotional campaign
Beauty & Personal Care is one of the most active sectors on the internet
$0.1 $0.1 $0.2$0.4 $0.4
$0.6
$0.9
$1.6
3%
1%
3%
7% 7%5%
17%
12%
0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
$0.0
$0.2
$0.4
$0.6
$0.8
$1.0
$1.2
$1.4
$1.6
$1.8
% o
f to
tal c
ateg
ory
sal
es
Rev
enu
e ($
Bill
ion
s)
U.S. online sales in beauty and personal care vs eCommerce % of total category sales
Personal Care Items Beauty ItemsSource: ATKearney – Beauty and the eCommerce Beast (2014)
Segmenting online beauty and personal care shoppers
12%
15%19%
16%23%
19%21%
42%
38% 41%35% 39%
32% 36%
36%30% 29% 27% 24% 24% 23%
Skin care Personal care Color cosmetics Fragrances Hair care Nail care Tools
Frequency of online purchases by category
Do not use Never Rarely Sometimes FrequentlySource: ATKearney – Beauty and the eCommerce Beast (2014)
No Yes
15%
4%
9%
10%
12%
14%
15%
21%
Others
Tools
Fragrances
Nail care
Color cosmetics
Hair care
Personal care
Skin care
Have you ever subscribed to a replenishment program for a beauty or personal care product?
Skin, Personal and Hair Care account for more than 50% of category replenishment subscriptions
Source: ATKearney – Beauty and the eCommerce Beast (2014)
1st Purchaser Welcome Series
• Automated
• Almost like “set it and forget it”
• Check results everyday
1st Purchaser Welcome Series
• Automated
• Almost like “set it and forget it”
• Check results everyday
37% Campaign Open Rate!
Avg. Click Rate – 5%!
Building Loyalty
• Talk to your customers
• Indicator of health
• Sent 20 days after they receive first order
Second Purchase Automator
33% Campaign Open Rate!
Avg. Click Rate – 4%!
• Highlighting brand
• Drive two-time purchasers to 3 time purchases
Auto Ship Upsell
• Triggers 1 week before auto-ship to push add-on items
• Helps retain and upsell, increases AOV
• Make process as quick and easy as possible
Auto Ship Upsell
• Triggers 1 week before auto-ship to push add-on items
• Helps retain and upsell, increases AOV
• Make process as quick and easy as possible
51% Campaign Open Rate!
Avg. Click Rate – 6%!
Best Customer Email • Thanking most valuable customers
54% Campaign Open Rate!
Avg. Click Rate – 4.7%!
Win-Back
• Coupon Code
• Make process as quick and easy as possible
28% Campaign Open Rate!
Avg. Click Rate – 6%!
The Numbers Are In…
*ChannelAdvisor SSS Report 12/15**Adobe 12/15
Industry Averages 800razors.com Deliverability 99.8% 99.8% Open Rate 19.1% 20.6% Click Rate 2.2% 3.2% LiY in clicks for segmented
58.9% 73.0%
The Numbers Are In…
• Doubled AOV for 1st time buyers thanks to a non-purchaser email series
• Increased repeat buyers by 83%
• 8X ROI!!
*ChannelAdvisor SSS Report 12/15**Adobe 12/15
Personalized Replenishment Keeps Customers Coming Back
ü Predictive data science helps identify individual buying patterns
ü Send reminder emails before they run out
ü Automatically basket together multiple items up for replenishment into one email
ü Frequency capping
ü Easy to install: 47% of users launched campaign in less than 1 hour
Complete Customer Lifecycle Marketing
Browse Abandonment
Cart Abandonment
Segmenting Customer Behavior
Post Purchase Programs
Replenishment Automation
Analytics