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3MAPPINGCONSUMERBEHAVIORIN2022
。IRi HowtoTurnRetailerProductPagesIntoE-CommerceGrowthin2022
MAPPINGCONSUMERBEHAVIORIN2022 2
HowtoTurnRetailerProductPagesIntoE-CommerceGrowthin2022
MAPPINGCONSUMERBEHAVIORIN2022
HOWTOTURNRETAILER
PRODUCTPAGESINTOj
E-COMMERCE/
GROWTHin2022
E-CommerceShouldBeViewedasanExtensionofYourMediaStrategy
AsconsumerscontinuetoincreasetheirmobilityandCPGemergesfrompandemic-fueledyearsofunprecedentedgrowth,keepingthemomentumgoingthroughanunpredictable,inflationaryandsupply-constrained2022isachallenge.Andthemostimportantfactorforovercomingthatchallengeisgettinge-commerceright.Becauserightnow,thoughecommercestillrepresentsonlyaboutafifthofallCPGsales,itaccountsforthelion'sshareofindustrygrowth.
ShareofMulti-Channel
ECommerceShareof
Multi-ChannelSales
ECommerceShareof
Multi-ChannelGrowth
02022Info/zn^fjonResourcesIncW)ConkenWandPropfiet^ry
SourceeMadecfnsights.52wekiending0K23-22.from200•TrackedCaregones.B&M•MULO・Pk知p.DefSh,pandNumbwsfrge粘
Thebestthingbrandscandoismakesurethey'redoingeverythingtheycantooptimizetheperformanceoftheirretailerproductpages.
Tokeepthegrowthgoingin2022throughe-commerce,brandsneedtofirstandforemostthinkofe-commerceasanextensionoftheirmediastrategy.Whenconsumersgointotheshoppingfunneltoday,theyoftendosobygoingonline.Andwhentheydo,thefirstthingthey'reoftenviewingistheproductdetailpageofthebrandsthey'reconsideringonthewebsiteofwhateverretailerthey'reshoppingat.Togrowin2022,thebestthingbrandscandoismakesurethey'redoingeverythingtheycantooptimizetheperformanceoftheirretailerproductpages.Thesesevenbasicstepscanhelpanybrandgetthisright:
Recognizethecriticalimportanceofproductdetailpagesonretailerwebsites.
It'sessentialforbrandstocultivatetheirownbrandedexperiencesonthewebsitesoftheirvariouskeyretailers.Youshoulddevotethesamelevelofattentiontotheseasyoudotoyourownbrandwebsite.Thecontent;theimagesandtheseasonalityofthemessagingallneedtomatchthequalityandtimelinessofyourcompanywebsiteandyourtotalmarketingmessaging.Becausetherealityisthatinmostcases,shoppersaremuchmorelikelytoexperienceyourbrandonthesesitesthantheyaretoeversurfyourcompany'swebsite.Thesesitesarewheretheyshop.
Don'thesitatetogethelpinmanagingtheseproductdetailpages.Third-partyproductdigitalassetmanagement(DAM)providers(suchasSalsify,Syndigoandothers)canhelpyouconsolidateyourproductinformationandsyndicateitouttoretailersintheformatsthateachretailerrequires.Whetheritisupdatingyourpackaging,optimizingyourbulletsorenhancingyourbrandimagery,youdon'thavetodoitallyourself.Productdetailpagesarethe"tip"ofyourbrand'smarketingspear.Productdescriptions,productbullets,productpackaging,productimagery一allthewaydowntothespecificwordsyouuseontheproductdetailpages一matterandwillimpactsales.
Shortenthefunnelforkeydigitalconsumers.
Whenconsideringyoure-commercestrategies,embracethe80/20rulefully.Itsessentialthatyouprioritizetheeffectivetargetingofthesubsetofcustomerswhodrivemostofyoursales.Findwaystotargettheseconsumersthatareinyoursweetspotbyusingdigitalmedia,withacalltoactiontodrivethemtoyourproductdetailpageonkeyretailersites.WhetheryoudothatbyusingyourownCRMtoolsorbybuyingadvertisingthroughthesedifferentretailers,thisapproachenablesyoutoshortenthepathtopurchasetogetthesecustomersinthefunnelwheretheycanbuyyourproducts.An"alwayson"investmentstrategyinpaidsearchshouldalsobepartofthiseffort.
Supportyoure-commerceplanwithbrick-and-mortarrigor.
Tosucceedine-commerce,youshouldalsosupportyouronlinesalesusingthesamestandardsyouapplytoyourbrick-and-mortarsalesintermsofthefourPsofmarketing(product,place,priceandpromotion).Theonlineaislecancertainlyprovideopportunitiestotest-marketproductsthatdon'tcurrentlyhavein-storedistribution.Butwhetherit'sfortheseproductsorforflagshipproductsinyourportfolio,youshoulddevoteasmuchattentiontoyoure-commercepromotions,pricingmonitoringandtracking,anddistributionasyoudoforyourin-storeefforts.
MAPPINGCONSUMERBEHAVIORIN2022
HowtoTurnRetailerProductPagesIntoE-CommerceGrowthin2022
MAPPINGCONSUMERBEHAVIORIN2022
HowtoTurnRetailerProductPagesIntoE-CommerceGrowthin2022
MAPPINGCONSUMERBEHAVIORIN2022
。IRi HowtoTurnRetailerProductPagesIntoE-CommerceGrowthin2022
Progressivebrandstreatretailmediainvestmentsatmajorretailersliketheyarenationaladvertisingcampaigns.
Treatbigretailmedianetworkslikenationaladvertisers.
ThemostprogressivebrandstreatretailmediainvestmentsattitanslikeWalmartandAmazonliketheyarenationaladvertisingcampaigns.Theydon'tsilotheseinvestmentsasaccount-specificorretailer-specificonesthatcomeoutofanin-storepromotionalbudgetThisapproachpreventsbarrierstoinvestingintherightretailmediaprogramsattherightlevelstosuccessfullydrivebusiness.
Includeadigitalcalltoactionine-commerceads.
Regardlessofwheree-commerce-focusedadsappear,theycan'tbeadsjustforthesakeofadvertising.Theyshouldhaveastrongcalltoactionthattakesthecustomertotheproductdetailpageonaretailerwebsitewheretheywillfindyourbest-in-classcontentandimagerysellingyourproductinthemostoptimalway.
Thatinitialconversion,inturn,canyieldhugelong-termbenefitsbecauseonlineshoppersspendalotlesstimeshoppingthanbrick-and-mortarshoppersdo.Instead,whetherthroughtheirproductsubscriptions,voicereorderingorrebuyingfrompreviousorders,theytendtorebuyvs.re-shopthesameproductsoverandover.Unlessshoppershaveaterribleexperienceorsomethingisoutofstock,onlineshoppersaremorelikelythanin-storeshopperstorepurchasewhattheypreviouslypurchased.Itsverydifferentfromthein-storeworld,whereupto70%ofpurchasescanbeimpulsiveandtacticslikeendcapsandshelftagscanbeveryeffective,
Test,learnandoptimize.
Youshouldalsocontinuallytestandlearnsothatyoucanlearnwhatworksandwhatdoesn'tateachretailer.Overtime,thiswilllikelyresultinarealdifferentiationinthetacticsyouusetoconvertkeyaudiencesatdifferentmajorretailers.
Itisnowpossibletoachievethekindofcomprehensiveandgranularinsightsonthedigitalshelfthatwereonceonlyobtainableforbrick-and-mortarsalesatretailersthatsharetheirPOSdata.UsingIRI'snewE-CommerceGrowthPlatformpoweredbyProfitero^digitalshelfdata,CPGbrandscanoptimizetheirproductdetailpagesbycombiningtheire-commerceitem-levelPOSdatawithitem-leveldigitalshelfinsightsonasingleomnichannelplatform.Brandscanisolatethedigitalcausalfactorsthatinfluencee-commerceperformance一includingstockavailability,productcontent,searchposition,pricingandreviews一downtoanitemlevel.Sotheycanlearnwhatworks,domoreofit,andkeeplearningandimprovingovertime.
Allaspectsofyourdigitalshelfmustbestrongtomaximizesalesandincreasemarketshare
Search&Ads
Cantheyfindit?
OOS
Isitavailable?
Content
Howdoesitlook?
Price/Promo
Isthepriceright?
Reviews?
Dotheylikeit?
MarketShare
Diditincrease?
50%salesliftwhenmovingfromPage2toPage1ofsearchresuhs
42%salesriskwhenOOSdipsfrom90%to<30%
I
45-58%salesliftfromenhancingproductpages
I
12-20%salesatriskwhenlosingonprice
1
206%saleslift
fromincreasing
review<
velocity
国
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繆
Byimplementingthesee-commercestrategiesin2022withafocusonretailerproductpages,brandscanmakebettere-commercedecisions,investmoreefficientlyandcapitalizeone-commercegrowthopportunitiesfaster.Intheprocess,brandscansuccessfullyconvertmoreofthesecriticalonlineshopperswhoseloyaltyandhabitualonlinepurchasebehaviorscanpaydividendsforyearstocome.
AbouttheAuthor
SamGagliardiisexecutivevicepresident,ECommerceGlobalProducts&SolutionsatIRLHecanbereachedatSam.Gagliardi@IRIworldwidexom
ABOUTIRI
IRIisafast-growing,leadingproviderofbigdata,predictiveanalyticsandforward-lookingi
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