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MAPPINGCONSUMERBEHAVIORIN2022
HOWTOTURNRETAILER
PRODUCTPAGESINTO
E-COMMERCE
GROWTHIN2022
May2022
2
MAPPINGCONSUMERBEHAVIORIN2022
E-CommerceShouldBeViewedasanExtension
ofYourMediaStrategy
AsconsumerscontinuetoincreasetheirmobilityandCPGemerges
frompandemic-fueledyearsofunprecedentedgrowth,keeping
themomentumgoingthroughanunpredictable,inflationaryand
supply-constrained2022isachallenge.Andthemostimportantfactor
forovercomingthatchallengeisgettinge-commerceright.Because
rightnow,thoughe-commercestillrepresentsonlyaboutafifthofall
CPGsales,itaccountsforthelion’sshareofindustrygrowth.
ShareofMulti-Channel
E-CommerceShareof
Multi-ChannelSales
E-CommerceShareofMulti-ChannelGrowth
21%
72%
©2022InformationResourcesInc.(IRI).ConfidentialandProprietary.
Source:IRIeMarketInsights,52weeksending01-23-22,From200+TrackedCategories,B&M=MULO-Pickup,DelShipandPickupNumbersfromeMI
HowtoTurnRetailerProductPagesIntoE-CommerceGrowthin2022
3
MAPPINGCONSUMERBEHAVIORIN2022
Thebestthing brandscando ismakesure they’redoing everythingthey cantooptimizetheperformance oftheirretailerproductpages.
Tokeepthegrowthgoingin2022throughe-commerce,brandsneedtofirstandforemostthinkofe-commerceasanextensionoftheirmediastrategy.Whenconsumersgointotheshoppingfunneltoday,theyoftendosobygoingonline.Andwhentheydo,thefirstthingthey’reoftenviewingistheproductdetailpageofthebrandsthey’reconsideringonthewebsiteofwhateverretailerthey’reshoppingat.Togrowin2022,thebestthingbrandscandoismakesurethey’redoingeverythingtheycantooptimizetheperformanceoftheirretailerproductpages.Thesesevenbasicstepscanhelpanybrandgetthisright:
1.Recognizethecriticalimportanceofproductdetailpagesonretailerwebsites.
It’sessentialforbrandstocultivatetheirownbrandedexperiencesonthewebsitesoftheirvariouskeyretailers.Youshoulddevotethesamelevelofattentiontotheseasyoudotoyourownbrandwebsite.Thecontent,theimagesandtheseasonalityofthemessagingallneedtomatchthequalityandtimelinessofyourcompanywebsiteandyourtotalmarketingmessaging.Becausetherealityisthatinmostcases,shoppersaremuchmorelikelytoexperienceyourbrandonthesesitesthantheyaretoeversurfyourcompany’swebsite.Thesesitesarewheretheyshop.
2.Don’thesitatetogethelpinmanagingtheseproductdetailpages.
Third-partyproductdigitalassetmanagement(DAM)providers(suchasSalsify,Syndigoandothers)canhelpyouconsolidateyourproductinformationandsyndicateitouttoretailersintheformatsthateachretailerrequires.Whetheritisupdatingyourpackaging,optimizingyourbulletsorenhancingyourbrandimagery,youdon’thavetodoitallyourself.Productdetailpagesarethe“tip”ofyourbrand’smarketingspear.Productdescriptions,productbullets,productpackaging,productimagery—allthewaydowntothespecificwordsyouuseontheproductdetailpages—matterandwillimpactsales.
HowtoTurnRetailerProductPagesIntoE-CommerceGrowthin2022
4
MAPPINGCONSUMERBEHAVIORIN2022
3.Shortenthefunnelforkeydigitalconsumers.
Whenconsideringyoure-commercestrategies,embracethe80/20
rulefully.It’sessentialthatyouprioritizetheeffectivetargetingof
thesubsetofcustomerswhodrivemostofyoursales.Findwaysto
targettheseconsumersthatareinyoursweetspotbyusingdigital
media,withacalltoactiontodrivethemtoyourproductdetail
pageonkeyretailersites.Whetheryoudothatbyusingyourown
CRMtoolsorbybuyingadvertisingthroughthesedifferentretailers,
thisapproachenablesyoutoshortenthepathtopurchasetoget
thesecustomersinthefunnelwheretheycanbuyyourproducts.
An“alwayson”investmentstrategyinpaidsearchshouldalsobe
partofthiseffort.
4.Supportyoure-commerceplanwithbrick-and-mortarrigor.
Tosucceedine-commerce,youshouldalsosupportyouronline
salesusingthesamestandardsyouapplytoyourbrick-and-mortar
salesintermsofthefourPsofmarketing(product,place,priceand
promotion).Theonlineaislecancertainlyprovideopportunitiesto
test-marketproductsthatdon’tcurrentlyhavein-storedistribution.
Butwhetherit’sfortheseproductsorforflagshipproductsinyour
portfolio,youshoulddevoteasmuchattentiontoyoure-commerce
promotions,pricingmonitoringandtracking,anddistributionas
youdoforyourin-storeefforts.
HowtoTurnRetailerProductPagesIntoE-CommerceGrowthin2022
5
MAPPINGCONSUMERBEHAVIORIN2022
Progressive brandstreat retailmediainvestmentsatmajorretailers likethey arenational advertisingcampaigns.
5.Treatbigretailmedianetworkslikenationaladvertisers.
Themostprogressivebrandstreatretailmediainvestmentsat
titanslikeWalmartandAmazonliketheyarenationaladvertisingcampaigns.Theydon’tsilotheseinvestmentsasaccount-specificorretailer-specificonesthatcomeoutofanin-storepromotionalbudget.Thisapproachpreventsbarrierstoinvestingintherightretailmediaprogramsattherightlevelstosuccessfullydrivebusiness.
6.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.It’sverydifferentfromthein-storeworld,whereupto70%ofpurchasescanbeimpulsiveandtacticslikeendcapsandshelftagscanbeveryeffective.
7.Test,learnandoptimize.
Youshouldalsocontinuallytestandlearnsothatyoucanlearnwhatworksandwhatdoesn’tateachretailer.Overtime,thiswilllikelyresultinarealdifferentiationinthetacticsyouusetoconvertkeyaudiencesatdifferentmajorretailers.
HowtoTurnRetailerProductPagesIntoE-CommerceGrowthin2022
$
6
MAPPINGCONSUMERBEHAVIORIN2022
Itisnowpossibletoachievethekindofcomprehensiveandgranular
insightsonthedigitalshelfthatwereonceonlyobtainableforbrick-
and-mortarsalesatretailersthatsharetheirPOSdata.UsingIRI’snew
E-CommerceGrowthPlatformpoweredbyProfitero’sdigitalshelfdata,
CPGbrandscanoptimizetheirproductdetailpagesbycombiningtheir
e-commerceitem-levelPOSdatawithitem-leveldigitalshelfinsights
onasingleomnichannelplatform.Brandscanisolatethedigitalcausal
factorsthatinfluencee-commerceperformance—includingstock
availability,productcontent,searchposition,pricingandreviews—
downtoanitemlevel.Sotheycanlearnwhatworks,domoreofit,
andkeeplearningandimprovingovertime.
Allaspectsofyourdigitalshelfmustbestrongtomaximizesalesandincreasemarketshare
50%saleslift
42%salesrisk
45-58%sale
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