Title: What Your Business Should Know About the 2013 Changing Holiday Season Landscape and 10 Tips for Profiting From Those Changes. Jean L. Serio, CPC Social Media Marketing Growth Strategist www.getyourbuzzon.com
1 What Your Business Should Know About the
2013 Changing Holiday Season Landscape and
10 Tips for Profiting From Those Changes. Jean
L. Serio, CPCSocial Media Marketing Growth
Strategistwww.getyourbuzzon.com
2 U.S. Retail Ecommerce Sales To Grow 15
During the 2013 Holiday Season.
National Retail Federation
Says In-Store Sales Up 3-5.
- Trend monitoring firm eMarketer revised its
holiday sales projections upwards. Reporting it
now expects "2013 U.S. retail ecommerce holiday
season sales to grow about 15.1 percent to 61.8
billion, up from 53.7 billion in 2012". - Ecommerce platform provider Volusion predicts
global retail ecommerce sales, for small and
mid-sized businesses, will grow about 20. - Shop.org, National Retail Federations digital
division, expects online sales to grow between
9-12. - Adobe Digital Index stats show "Thanksgiving is
the fastest-growing shopping day, and that's the
biggest news this year. - Bad NewsCompanies aren't prepared for the
new ways in which shoppers will be buying.
3 5 Changes to Expect This Holiday
Season
-
- 1. 16 of U.S. Online Sales Will Come From
Mobile Devices - Multi (Omni) Channel
Shopping Mobile sales will reach 9.8 billion
from Nov to Dec. 2013. A 16 share of the
ecommerce market, says eMarketer.
Tablet sales
totaling 26 billion
predicted. 62.5 of
all mobile-based
ecommerce sales topping 87.
Google Shopper Marketing Agency Council 4/13
figures show how consumers are using mobile
devices to shop Shoppers who use mobile to
shop buy more. 44 of SmartPhone shoppers use
their phone to find promos, discounts and
offers. 84 of SmartPhone shoppers use their
phone to shop in- store.
4 2. Don't wait for Black
Friday to market - Consumers
intend to spend less on the BF
and the Cyber Monday
weekend.
- Customer Satisfaction group CfI, in a new 2013
Holiday Retail Spending Report found "fewer than
25 of consumers plan to spend more than 1/2 of
their total holiday budgets during the Black
Friday/Cyber Monday period. 61 saying
they'll finish shopping by early
December.Three-quarters of Canadians, recently
polled by Deloitte Canada Ernst and Young
Canada, say "they plan to start their holiday
shopping early this year, and will use the
internet to check and compare prices before
buying gifts". Says Sheri Petras, CEO of CFI
Group, "since behavior is shifting, beyond
traditional Black Friday spending, those who
focus solely on BF centric campaigns will miss
significant sales opportunities". Deloitte and
Ernst Young Canada, found shoppers expect to
modestly increase holiday spending 2 to 3.5.
53. Amazon and Walmart started Cyber Deals
Week
- Deals.com says many large retailers,
including Target and Toys R Us, intend to go
along with the Cyber Deals Week also called
National Deals Week. Adding new deals daily or
several times a day. While this should be
good for retailers, unless commerce companies
plan ahead, sales can be lost. With 6
less selling days this holiday season,
marketers are preparing higher impact
marketing on available days. As of 2010, Cyber
Monday is celebrated globally with ecommerce
sites, the world over, offering deals. -
6 4. Price Will Matter
Even More
This Holiday
Season
-
From all reports, the 2013 season will generally
be
positive. But
eMarketer, Deal News and others show
consumers planning to purchase based upon price.
A July 2013 Google Consumer Survey found
consumers aren't loyal to brands when it comes
to
shopping for gifts. 40 surveyed said they
(specifically) looked for the 'best price'.
Finding the best price is far easier. Making
competition stiff. Consumers can check price
comparison sites like Amazon, Google Shopper,
Newegg and PriceGrabber, for instance.
Google
Insights says As our data shows, price is
the
main reason for shopping somewhere new,
followed
by better selection.
Says market researcher,
Marshal Cohn, "Frugality is
still a big part of
the consumer's lifestyle."
7 5. Consumers Expect
Free Shipping
-
Google Insights Info "The term free shipping
surged
last year as a search query, peaking on
Cyber Monday. On
mobile devices, it peaked on
Black Friday, as in-store
customers looked around
for comparable deals online. One in
five say free shipping will be the deciding
factor on purchases this year, so use it to your
advantage on the big in-store shopping days". - Shop.org A recent poll of retailers says
"35 offer free shipping all year, the majority
do not. Of retailers not offering free shipping
year-round, 16.3 said they would begin the last
week in October". - MarketLive.com study found 91 of online
shoppers said they'd take advantage of free
shipping offers. "Online shoppers have become
quite savvy" says Ken Burke chairman of
MarketLive. "They have come to expect free
shipping. Importantly, 31 said free shipping
is an incentive that would prompt paying full
price for an order. MarketLive discovered 88
of online shoppers have abandoned a shopping cart
in 2013, primarily because of shipping costs. 54
abandoned carts after shipping costs made their
total order more than anticipated.
8 Are You Targeting
Different People at Different
Times Loyal, Steady, Flash
Customers?
-
- First - its essential to know your audience.
When you do, the holiday season becomes - one of the best times to develop new, loyal
customers. That said, according to a recent - nanigans.com report
- "Customers acquired the week before Thanksgiving
and Christmas consistently yielded - high return, both short-term long-term, while
those who shopped right around the - holidays tended to be last-minute rush shoppers
If you are seeking a bigger fish, set an - enticing bait and wait alternatively, if you see
high volumes of smaller fish as your - target, set lots of small bait but be prepared to
act quickly. - Loyal customers These customers performed
consistently well even after six months and
responded to ads placed in mid-November. - Steady shoppers these customers brought in
higher revenue after one month of viewing the ad
and responded to ads placed in late October and
early November. - 3. Flash shoppers these customers reacted
quickly to an ad and made purchases within one
month but barely came back again or were easily
distracted by other campaigns within a half-year
period. They responded to ads displayed in late
November and early December. - Note Info from 2012 Q4 nanigans.com ecommerce
report
9 10 Tips for Profiting
This Holiday Season
- 1. Add holiday décor to your Website, Blog,
Facebook and Fan Page. Adding seasonal and
holiday graphics to your website, blog and social
sites gives an extra boost in holiday spirit and
can stimulate sales. Adding holiday themed
graphics can have multiple benefits - Letting fans/followers know your site is active
and updated regularly - Reminding your audience the holiday is near and
it's time to think about gift giving - Making the association your site is the go-to
place for holiday gifts - Gets customers into the holiday spirit
10 2. Leverage Social Media
3. Organize Emailings
- Social Sites Cut through the noise by
regularly engaging on social sites. Post about
the holidays, respond to fan comments, add
colorful photos/graphics to your comments. Send
fans/followers to articles and resources on your
site and blog. Post infographics. Share on
Facebook, Twitter, Printerest, etc. Add a
Facebook Fan page, add holiday graphics and
offers. - EmailingsRelationships matter even more so
during the holiday season. Do regular holiday
email marketing. Make sure your email marketing
is well synchronized with your social holiday
marketing. Create headlines which encourage
email opens Use a holiday header. Have a
good offering make it clear present
product/service benefits. Offer discounts, free
shipping. Use a social media widget (icon) to
send them to your social networks. Be sure your
offerings match on your social sites. Have a
Call-To-Action Order today and Never send
holiday emails on Friday (unless immediately
before a holiday or day after Thanksgiving.
11 4. Offer Free Shipping
5. Allow consumers to make
partial payments
- Free Shipping Aside from good pricing,
consumers are looking for Free Shipping. A
MarketLive.com study found 91 of online shoppers
said they'd take advantage of free shipping
offers. "Online shoppers have become quite savvy"
says Ken Burke chairman of MarketLive. "They have
come to expect free shipping. Importantly, 31
percent said free shipping is an incentive that
would prompt them to pay full price for an order.
-
- Partial PaymentsBig Box retailers primarily
use a lay-away system during the holidays. Its
one of the top ways they create additional sales.
However if you are selling products which consist
of services, ebooks and consulting products,
consider offering to divide payments into two or
three smaller amounts. And watch sales rise.
12 6.
Present UpSells 7.
Offer Bonuses for
Purchase or a Free Gift
- UpSellsPresenting an additional related
product, or one which coordinates with the
original product purchased, can quickly help add
cash to your till. Statistics show once people
are in the purchase mode, its much easierto
upsell them to an additional product while in the
process of purchasing an original item. Easier
than at a later date. - Bonuses Offering a
bonuses, or series of bonuses which relate
to the product or add to
the value of the product, is
also a great way to increase sales. - Free Gift with Purchase Free Gifts with
purchase are a great way to stimulate sales.
Something 90 of consumers will take you up on.
13 8. Optimize your Website
for
Holiday Shoppers
Add a Gifts Section
9. Offer a Buy 1 Get 1
- Consider placing a Gifts sectionTo your
website and/or blog. This allows shoppers to find
what they want fast. Add a holiday graphic at the
top of the list/s to bring attention to the area.
Place a link on the Home page of your site to
the page. Or create a small box with holiday
graphics and a link to the proper page on your
site. - Sort products by type, price, offering a
bestsellers list, be sure to list Bonuses
included. Dont forget to add a link on your
Facebook page to the Gifts section. - Buy 1 Get 1
This is a strategy used by a wide
variety of companies
from entrepreneurial
to large. Not only does it
encourage a
customer to purchase, stats show they
will purchase much
more than first planned.
And will often purchase products
they hadnt
planned to.
14 10. Encourage Self Gifting
Have a Didnt Get What You
Wanted Promotion After
Christmas.
- Many are in the market for things they dont
usually buy. Have a Didnt Get What You Wanted?
Promotion after Christmas through New Years. Many
people receive money for Christmas. And usually
want to spend it quickly. Re-state your earlier
offer, add a new bonus or freebie. - Fifty percent of consumers did at least some
self-gifting over the 2012 holidays and the
gifts were good. Self-gifters spent an average of
139.92 according to ExactTargets Email
Marketing Holiday Calendar infographic. Create a
new or modied offer. Add a new resource, bonus or
free gift. Offer free shipping. And a price
guarantee.
15 A Few Last Tips.
- Not to alarm last-minute marketers, but the
holiday promotions party has already started. The
National Retail Federation says 40 percent of
shoppers began picking gifts out before
Halloween. - Regarding Email Marketing Listrak's recent
report shows the average online retailer mailed
5.3 emails between Thanksgiving and Cyber Monday.
Dont wait a minute more, organize your emails
now so theyre ready to go out on the
Thanksgiving weekend. - "They're all racing to get an existing piece of
the pie," says Patricia Norins, an adviser to
American Express' "Small Business Saturday," a
holiday shopping event. "There's only so much of
the pie that is going to be served," so retailers
want to "get out of the gate as soon as possible
and get in front of consumers and capture their
piece of the pie." - Remember cross marketing Use mobile and tablet
marketing along with social media marketing.
16Get Your Complete Holiday Business and
Step-by-Step Marketing Guide for Making the
2013 Season Festive, Fun and Easy for
Customers to Buy and your Best Business
Season Ever
- To reap great rewards, from this season, you
must Start Now preparing for it. Since 'time is
money', don't waste another minute - check out
our new Holiday Business Bundle including Step
by Guides to help you your business have the
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More.Your Holiday Biz and Marketing Bundle
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Your Brand Visibility During the 2013 Holiday
Season and Beyond - Your 2013 Holiday Goals Action Checklist - A
step-by-step plan to Guide You through the Season
From websites to mobile, SEO, Customer Service
More all covered. - 4 Holiday Celebration Newsletters Beautiful,
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including festive decorating tips, holiday table
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Guaranteed your customers and email list will
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covering a variety of holiday topics - 30 Holiday Graphics Colorful, professional
graphics. From Thanksgiving to New Years - 20 Delicious Easy-Bake Holiday Cookie Recipes
including dozens of helpful baking tips - More Info www.getyourbuzzon.com Holiday
Marketing Biz Bundle link on top nav bar. -