Public Relations & Social Marketing Insight
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Public Relations & Social Marketing Insight
Social marketing, PR insight & thought leadership - from The PR Coach
Curated by Jeff Domansky
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Low ratings are better than no ratings on Amazon

Low ratings are better than no ratings on Amazon | Public Relations & Social Marketing Insight | Scoop.it

A one-star rated product listed on Amazon.com Inc.’s site sells better than a product with no reviews or ratings at all, said Chad Brandon, key account manager of Amazon for athletic footwear manufacturer Asics.

When it comes to new products on an online marketplace, reviews matter more than price, said Fahim Naim, founder of e-commerce consulting firm eShopportunity. Those insights were shared at the “Amazon & Me” workshop this week at the Internet Retailer Conference & Exhibition in Chicago.

Brandon and Nahim both suggested that first-party Amazon sellers, which are manufacturers that sell wholesale to Amazon, utilize Amazon Vine. The Amazon service puts products in front of customers to review. Amazon selects customers based on their reviewer ranks, "which is a reflection of the quality and helpfulness of their reviews as judged by other Amazon customers," according to Amazon. Sellers pay Amazon a fee for the service and can't influence whether the rating is positive or negative. Customers aren't paid to write reviews.... 

Jeff Domansky's insight:

Low ratings are better than no ratings on Amazon? Somehow I just don't get that. It feels instinctively wrong and my sense is it would be better to work harder to get positive ratings.

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Luxury Brands Don’t Really Understand Their Customers

Luxury Brands Don’t Really Understand Their Customers | Public Relations & Social Marketing Insight | Scoop.it

Businesses need to understand their customers in order to succeed. They need to know who their customers are, what kinds of products they appreciate, what they expect in a shopping experience and more. But according to a recent study, there’s one type of business that isn’t really doing this effectively.


A study conducted by Epsilon concluded that luxury brands lose up to 50 percent of their top clientele annually due to misidentified demographic and economic information, as well as failure to create a personalized shopping experience.


For luxury brands, creating an experience is especially important. Since customers have to spend a lot of money to shop there, they want the experience to be more enjoyable than what they’d find at an average store....

Jeff Domansky's insight:

Luxury brand shoppers need to see a show in order to make the sale.

LA FABRIQUE DU RETAIL's curator insight, January 26, 2015 10:28 AM

Luxury brands need to truly understand who their customers are and what they’re looking for in a luxe shopping experience which is critical in creating a personalized experience for the customer that drives engagement, retention, and satisfaction.

But it appears that they fail in this analysis: according to the Epsilon study many luxury brands think their customers are typically female, about 45 years old, and have a net worth over $1 million. However, according to the study, more than half of high-end shoppers are male and have a net worth over $500,000…. 

Jérôme MONANGE's curator insight, February 2, 2015 6:40 PM

Are you  interested ? Read and join our professional group : 

LAB LUXURY and RETAIL 2025 : http://goo.gl/9u19bM ;

   

@JeromeMONANGE

Marketing/Cross Canal & Retail/Shopper/Luxe & Communication/Veille 

www.tikimee.com/jerome-monange

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10 Important Stats Your Company Needs to Know About Providing Discounts | Convince and Convert

10 Important Stats Your Company Needs to Know About Providing Discounts | Convince and Convert | Public Relations & Social Marketing Insight | Scoop.it

The holiday shopping season is already here and that means it’s also discount season. However, whether you’re offering discounts on holiday specials or putting together your 2015 pricing plan, there are some helpful stats you should know about offering sales and markdowns. Let’s dissect 10 relevant statistics related to offering discounts...

Jeff Domansky's insight:

What's in a discount? Plenty and marketers need to know all about it.

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Is Your Store Ready for Tomorrow's Customer? | Alain Thys

Is Your Store Ready for Tomorrow's Customer? | Alain Thys | Public Relations & Social Marketing Insight | Scoop.it

By now you probably got the memo that the population in Europe is growing older. That the opening of borders is causing people to migrate. That consumers are using the internet and their mobile phones to make sure they get the best deal possible.

Jeff Domansky's insight:

Retailers and small business will get several useful strategies from this slideshow presentation by Alain Thys.

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'Virtual mannequin' for a better fit

'Virtual mannequin' for a better fit | Public Relations & Social Marketing Insight | Scoop.it

Body scanners and virtual fitting rooms could change online clothes shopping.


Fits.me virtual fitting room creates a mannequin to your sizes. Shoppers can then see how different sizes may fit their shape.


For many people, shopping for clothes online can be a bit of a gamble.You only find out if what you've ordered actually fits you once it's arrived - and if it doesn't, there's the hassle of packing it back up and returning it. It's a bigger problem than you may think.


"Almost 1 in 4 garments are being returned - 70% of those returns are because the customer's got the wrong size," says Heikki Haldre, Chief Executive and founder of London-based Fits.me....

Jeff Domansky's insight:

Now you can get your clothes fitted virtually.

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New report finds online 'shopping' definition unclear

New report finds online 'shopping' definition unclear | Public Relations & Social Marketing Insight | Scoop.it

In previous research, men have also been found to shop online more often than women, so the results here shouldn't be too surprising. But as before, it’s not clear what that exactly means. 


In an era when the lines between shopping online and in store are ever more blurred, it may behoove researchers to tease out exactly what "shopping" entails. Do men research products online without buying? Are they really buying more online than women? In the omnichannel/no-channel era, this would be useful to know.


This report does show how profoundly mobile has driven online shopping, and gives some clues about how to fashion mobile browsers vs apps....

Jeff Domansky's insight:

A finding that men shop online more than women reflects previous research, but it’s unclear what it really means.

Pol Vilà's curator insight, April 14, 2015 9:42 AM

Aquest article...

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How big data is changing e-commerce for good

How big data is changing e-commerce for good | Public Relations & Social Marketing Insight | Scoop.it

You’re going to have to get used to it: data is everywhere, we contribute to it constantly, and it has a huge impact on the retail industry. In fact, 80-90 percent  of all the data in the world was created in just the last two years. Big data is generally portrayed as having all the solutions to many of the biggest issues in retail (as long as it is mined and utilized correctly), but it still has a lot of quirks to work out.

A big chunk of the problem with big data comes down to how it’s defined. There are dozens of different takes on it, but let’s discuss it as the rapid increase of the creation of diverse and quickly transforming data through multiple channels that must be processed in innovative and strategic ways.

Global retail sales should reach $3 trillion this year, and big data has the potential to unlock a larger slice of the market share pie for retailers. How? Well, that’s the interesting part....

Jeff Domansky's insight:

Here's a quick look at how big data influences online retail.

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From Dreaming of Ice Cream To Buying A Cone: How Social Media Gets People into Your Store | Simply Measured

From Dreaming of Ice Cream To Buying A Cone: How Social Media Gets People into Your Store | Simply Measured | Public Relations & Social Marketing Insight | Scoop.it

How do we get more people into our stores? It’s an age-old question for B2C companies who have brick-and-mortar presences. How do you get people from thinking about your product to coming in your store and buying it?


The good news is, social media is here to help — and not just with bringing in the crowds. Social media allows you to have a deeper and more multi-faceted relationship with your customers than ever before. Don’t miss out on that opportunity.


I’m going to use Seattle ice cream purveyor Molly Moon as my model in much of this post. There’s always a line at Molly Moon’s, especially in the summer but even on rainy Seattle days. That’s not because they’re slow scoopers – it’s because their ice cream is that good and, dare I say, because they use Facebook, Instagram, and Twitter to their best advantage....

Jeff Domansky's insight:

Lots of good advice to help retailers use social media to reach new consumers.

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How Long Do Consumers Hold a Grudge after a Bad Customer Experience?

How Long Do Consumers Hold a Grudge after a Bad Customer Experience? | Public Relations & Social Marketing Insight | Scoop.it
Thunderhead has just published a report that delivers the results of a survey that it took to try and discover how long a customer takes to recover brand loyalty after a single bad customer experience. The top level findings indicate that consumers can take up to a year to reach the same level of brand loyalty, once they have experience a single bad interaction with a company....
Jeff Domansky's insight:
Not to mention the dozens of friends, family and others that get told about the bad experience.
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