Above: Click the video to watch the strategy that Starbucks & Porsche are using to build audiences, increase ROI and prepare for the 4Q season.
Can you feel it?...Change is in the air.
September has officially arrived, and with it, there's no denying that the eCommerce industry is perched precariously on the tip of 4Q.
The ride to the 2019 finish line is in sight...But a question remains: How can you capitalize on strategies right now to build towards your quarterly and annual revenue goals?
We're helping our clients get their businesses in optimum shape for BFCM (Black Friday Cyber Monday) by overhauling their Facebook & Instagram Ads, email sequences and landing pages so that they get a massive return on investment this holiday.
On August 27, Starbucks announced its fall line of drinks - Today, we break down how you can apply a similar strategy to stand out from the competition, create new audiences online, and turn these audiences into customers and repeat buyers in 3Q, 4Q, 2020 and beyond...
Watch the video and read this post to find:
This will also help you prepare for BFCM by creating warm audiences prior to the sale season. Don't wait until the last minute: Most brands are developing their creative content now so that they can launch campaigns as early as October 15.
Three reasons why you should use livestreams in your strategy:
As social media continues to develop and channels proliferate, livestreams engage audiences in a way that regular direct marketing does not. It has the potential to connect you to the overall lifestyle of your end user and separate you from the competition. Right now, there are more than 60 million active business pages on Facebook, but only about 50% of businesses produced a livestream last year.
2: Targeting & retargeting audiences
Brands are developing strategy earlier and earlier before 4Q. Video views are some of the most cost efficient campaigns that you can run at the top of your ads funnel.
Some of the best performing audiences are hyper-targeted retargeting audiences from video views and livestreams.
Facebook as a system is built on depth of engagement. They want people engaged on the platform - this benefits you now by capturing new audiences and by creating better results for you in the long run.
What a lot of brands don't know is that comments that users leave in your livestream will benefit you and create a higher quality of engagement. Businesses and brands that have a higher quality of engagement on their pages, videos, and ads will find that they rank higher when it comes to bidding - and get better results and costs from advertising (eCPM).
A guideline for developing your livestreams:
1. Commit to the lifestyle of your end user.
Make your consumer the hero. Solve their problems. Add value to their life and create content that aligns with your USP/Unique Value Proposition and lifestyle. Here are several examples:
2. Offer an incentive:
A limited-time-only call to action at the end of the livestream. A promo code, contest, sale, or gift with purchase. This will create customers immediately and you will be able to track sales as a direct result of your efforts for further optimization down the road.
3. Drive people to an opt-in offer via email:
Offer a gift or guide that is redeemed only on a landing page in exchange for their name and email.
Email sequences can contribute 30-50% of your revenue. Remember: This isn't just about one-time customers - you want lifelong relationships, and email addresses are crucial to repeat relationships.
4. Promote this livestream in advance.
Send a schedule announcement to your email list, post to your social media profiles, run ads announcing the stream, and create an event on your website and social profiles. This will help generate an interested audience prior to your livestream.
5. Use the livestream for interaction - not just broadcasting.
Create a way for your viewers to interact with you: The opportunity to answer fan questions, voting by reaction or comment for a particular outcome (for the subjects in the video to do).
6. Make your livestreams between 15 - 20 minutes long.
BuzzSumo analyzed 100 million videos and found this was the ideal time for an engaged audience.
7. Repurpose clips and snippets of your recorded livestream.
Take snippets of your recorded livestream (1-3 minutes), edit them, repost them on different social outlets, and use them to continue to promote your offer and add value to your audience.
This will create customers from viewers who may watch the livestream after it is recorded and will continue to create engagement on your social profiles.
8. Create these retargeting audiences from this video.
Use them for your middle of funnel and bottom of funnel retargeting sequences:
9. Run Black Friday Cyber Monday offers to your retargeting offers.
Don't wait until November 1 or 15 to start running ads. Start generating audiences now so that when you are ready to advertise, you are poised to make a max return on your spends.
Want to scale your revenue this holiday?
We regularly help eCommerce clients go to the next level through our Facebook / Instagram Ads, email sequences, and landing page optimization.
Request a free strategy session here: www.simplyheavendesign.com/ecommerce
A six figure brick-and-mortar recently approached our agency about a month ago because they hadn't been able to scale their online sales. Yesterday they sent me a picture of a small mountain of packages that they sent out...They had many more orders in 30 hours than anticipated...
eCommerce brand owners often ask me what key tactics they should employ to grow their business. Looking back on the last 30 days, here are the 5 things that my team did - and encourage all eCom store owners do - to 2x+ your online business.
1: Employ a full-funnel, long-term strategy.
My team and I are big-picture thinkers and long-term sales funnel strategists. We didn't just focus on their ads and quick wins - but their entire funnel. Their ads, website, and email marketing sequences. This way - not only did we the client get new traffic, but also captured the users while they were on the site, and then converted them into paying customers - even if they needed follow up.
2: Drive targeted traffic with top-performing audiences and Facebook & Instagram ads.
We uploaded their LTV (lifetime value) customer list, email list, and tracked their website visits over 90 days. We created lookalikes of these audiences, segmented the males / females and ran ads to them. These proved to be very profitable, and if you're not testing these audiences right now...We'd strongly encourage you to do so.
3: Segment your audience via pop-ups on different pages.
For our client, we segmented the audience based on where they were in the sales funnel, placing customized (non-generic) pop ups on different pages in the website. These exit intent pop-ups* generated up to 30 leads per day using this strategy.
We're big picture thinkers - If our clients are going to pay for traffic to come to their site, we better help them capture that traffic and turn it into leads! Employing our pop-up strategy generated up to 30 leads per day using this strategy, far more than the client had been generating than their previous pop-ups. A significant number of people opted in to the pop-ups and then turned into paying customers.
*(For you advanced marketers, read this as a pop-over, not a redirect out of the current tab/against google terms.)
4: Implement full sales cycle email sequences.
A good eCom site will convert between 1-4%. A GREAT eCom site will convert at 12%. This means that 88-99% of the people who come to your site on the first visit don't convert, but might if they received proper follow-up. We implemented exit pop-ups that fed into customized email flows - and now, 30% of our clients' revenue is coming from email.
5: Split test your pop-ups, email subject lines, and email content... comparing them to industry benchmarks.
This is where you can REALLY see a difference. Yes, a headline really can make the difference between a sale...or the lack thereof.
Email 1 - 33% open rate, 12% CTR, 1x Revenue
Email 2 - 43% open rate, 16% CTR, 10x Revenue
(This is great, because in this particular niche, the industry standard open rate on this platform is 28%. We were operating at 5-15% better than industry).
Here, a big part of the win is also using the right ESP or CRM (email service provider / customer relationship manager). Your open rate and click rate has a lot more to do with where your email comes from - and the standard Shopify emails are a helpful start, but they simply don't cut it.
By split testing our email flow for our client (and placing them on the right email service provider), we were able to make an automated money-maker for our client... Their customers are being redirected to their site for sales and emails while they sleep. In today's world, that's a big part of how you scale.
This was a really efficient process for the client and for us - we are happy to see big wins on the whole funnel, and hope this helps your eCom revenue...