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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Evolution of retail: The rise of value-centric e-commerce

Evolution of retail: The rise of value-centric e-commerce | Public Relations & Social Marketing Insight | Scoop.it

How much is your customer worth?


One approach would be to re-focus acquisition strategy based on the Customer Lifetime Value or CLV. According to the 2015 RJ Metrics Benchmark report, a new e-commerce customer is worth, on average, $154 in their first year. This number varies by type of retail. For instance, the categories of housewares, food and drugs tend to be above this average.


What is more interesting is that only 32 percent of these new customers are likely to make a second purchase in their first year. The report also reveals that the top 1 percent of customers are worth 18 times more than the average customer, which equals about $2,772.


Armed with this information, an e-tailer can easily calculate ROI on programs targeting new customers vs. programs targeting your biggest fans—the top 5 percent....

Jeff Domansky's insight:

Ultimately, people will not remember how they chose your product or where they bought it, but they will remember how it made them feel. what' your CLV?

Small Business Online Solutions - Patant Consultants's curator insight, July 3, 2015 3:11 PM

Very insightful and thought provoking article

Sebastian-Herrera's curator insight, July 6, 2015 5:39 AM

Una vista para el comercio

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How to Craft a Shopping Experience That Beats the Web

How to Craft a Shopping Experience That Beats the Web | Public Relations & Social Marketing Insight | Scoop.it

Consumers want more from brick-and-mortar stores than they can get online, where shopping is faster, easier and often cheaper, members of a panel on retail. They're looking for human interaction, said Rachel Shechtman, founder of Story, a boutique in Chelsea. "The future of retail is about entertainment and community," she said. "It's really about the surprise and delight factor."


Her shop, Story, experiments with retail as a media channel, and is managed like a magazine, according to Ms. Shechtman. It has sponsorships, like magazines have ads, and it's completely redone every few weeks with new products and designs. Most of the shop, Ms. Shechtman says, is pure experience, with a smaller portion where customers can shop....

Jeff Domansky's insight:

Retailers should provide experiences, an advertising week panel said, like the store where customers watch 3d printers make purchases such as custom headphones.

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Beaconizing the Brand Experience | Brian Solis

Beaconizing the Brand Experience | Brian Solis | Public Relations & Social Marketing Insight | Scoop.it

...Millions are spent on content creation and propagation across many channels and media. Multi-channel marketing concepts can be fitted to this alternate use case by helping brand marketers understand the contribution of content investments to an engaged audience of individual consumers. It’s like placing iBeacons on branded content such that marketing spend can be optimized around the messaging that connects best with consumers. Metrics such as open rates and website visitor dwell times become indicators of content quality comparable on a relative basis.It takes a blend of informed creative brilliance and technology enablement to pull this off – key is informed.


To these ends, it’s essential to reign in the insights digital channels capture to fuel a profile of individual consumers that lives, grows, and evolves just like the person it describes. These insights help both agencies and brand marketers inform brand storytelling with knowledge of their consumers beyond superficial characteristics. In this way, you could say consumers help write the story....

Jeff Domansky's insight:

Brian Solis explores how content marketing is becoming a "beacon" for success in marketing.

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Argos Case Study: Mapping The Consumer Journey To Purchase

Argos Case Study: Mapping The Consumer Journey To Purchase | Public Relations & Social Marketing Insight | Scoop.it

Consumers today conduct a great deal of research about the products they are buying and brands are being asked to fulfill a multitude of informational needs.


Argos, a UK-based consumer goods and ecommerce retailer, is exceptional in that they maintain an active presence operating across a large range of touchpoints, both digitally and via traditional media. This case study takes a close look at how Argos reaches, influences, and engages consumers as they go through their purchase journeys....

Jeff Domansky's insight:

In-depth case study looks at Argos consumers' online purchase journey.

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Mobile has killed the retail supply chain…dead | @UNTETHER.tv

Mobile has killed the retail supply chain…dead | @UNTETHER.tv | Public Relations & Social Marketing Insight | Scoop.it

One of the bigger implications of our new mobile world is the hurt it is putting on the retail supply chain.


There used to be a day when the only way a consumer could get a product from a specific brand was to find it in a store. That isn’t true anymore. With so many brands now reaching the consumer directly and the expectations of the consumer reaching orbital requirements, what will happen to the legacy supply chains still being used by most retailers today?


RSR released a report on the impact that mobile is having on the supply chain and, in case you didn’t know, it has been disruptive and destructive. More change in retail = more opportunity for differentiation....

Jeff Domansky's insight:

In a phrase: deep impact.