Contents
- 1. Test Your Promotional and Discount Codes
- 2. Drive more sales with Omnichannel Product Discovery
- 3. Leverage PPC campaigns
- 4. Work Out Potential Margins and Pricing
- 5. Optimize your product taxonomies
- 6. Give personalized product recommendations
- 7. Boost checkout and beyond
- 8. Product Reviews and UGC (User Generated Content)
- 9. Create Holiday Gift Guides
- 10. Quality Email Marketing Strategy
The last three months of the year are the most crucial period for many e-commerce businesses. To make the most of this season, you can follow some of the following proven marketing strategies to have a winning holiday season.
1. Test Your Promotional and Discount Codes
Shipping discounts and promotions are an effective way to increase sales and lessen cart abandonment. This doesn’t mean you have to offer free shipping; there are many promotions you can A/B test to find the winning combination for your brand. These include:- Free shipping on everything
- Free shipping to different locations
- Tiered shipping rates based on different dollar amounts
- Free shipping if a customer exceeds a certain dollar amount at checkout
- Flat rate shipping fees with upsells on faster shipping
- Free shipping to VIP customer groups
- Gift promotions
2. Drive more sales with Omnichannel Product Discovery
The success of digital commerce depends on how easy it is for customers to find the products they need. Business needs to analyze Product discovery functionality from both internal and external perspectives. A business needs to define how to make products discoverable on the web through search engines and how to help customers find the right products when they are already on the site. Companies must be attentive at each stage of the customer journey — discovery, research, purchase, support, customer service and returns, and building an ongoing relationship. Simply put, omnichannel is about meeting customers wherever they are and providing excellent service at every touchpoint, including:- Brick-and-mortar stores
- Over the phone
- Branded websites
- Online marketplaces such as Shopify or Amazon
- Mobile apps
- Mobile messages chat, and push notifications
- Social media
- Catalogs and other mail-order options
3. Leverage PPC campaigns
You need awareness (brand and product discovery) campaigns for each channel by October at the latest, as well as strategic remarketing campaigns across all your channels. PPC ads often target online ad space in search engines, social media platforms, or websites. The big benefit of PPC ads is how targeted you can get with campaigns. You can choose exactly who you’ll advertise to and the type of ad that’s shown. You can also run retargeting ads to people who’ve viewed specific landing pages or previous ads, and encourage them to shop on your site again. Here are our suggestions for the most popular Paid campaign types you should include in your strategies pre- and post-Black Friday Cyber Monday for a more dynamic approach.- Google Remarketing Campaigns
- Google Shopping Campaigns
- Facebook Carousel Campaigns
- Facebook Dynamic Product Ads
- Facebook Collection Ads
- Facebook Link Click Ads
- YouTube Ads
- Instagram Ads (including shoppable posts and story campaigns)
- TikTok Ads for eCommerce
4. Work Out Potential Margins and Pricing
Once you estimate all the variable costs, you can start evaluating your profit margins. They have to guarantee you a reasonable return but, at the same time, shouldn’t exceed the market average. During the first stages, at least, we wouldn’t recommend starting with higher prices until you don’t have established a well-recognized brand. Once you have accumulated all the business costs, you can calculate the percentage profit fit for a high-profit margin product. According to Salehoo market research lab, as a general rule of thumb, a 10% net profit margin is considered average, a 20% margin is considered good, and a 30% margin is considered high. You can shift upper in case of hot selling products or lower in case of specific promotions. 40 marketing experts weigh in with these top tips to improve gross profit.- Increase your average order value
- Reduce operating costs
- Take high-quality product pictures
- Up-sell and create bundles
- Track users’ checkout process
- Reward customers
- Pay special attention to customer service
- Utilize the Thank You page
- Reduce cart abandonment rate
5. Optimize your product taxonomies
Your product taxonomy may just be the first thing customers will use on your webshop to discover your products and product ranges. While there is no industry standard for creating product taxonomies in eCommerce, there are still some best practices to keep in mind:- Learn what categories appeal to your customers and show these
- Organize your categories into a taxonomy of sub-categories
- Optimize your taxonomies for SEO
- Understand what attributes or products appeal to your customers
- Zalando’s taxonomy is a vertical bar on the left-hand side, with clear filtering options on the PLP.
6. Give personalized product recommendations
You can personalize your product recommendations on the PLP based on the product and category (e.g., contextual data). For example, several ways to recommend products. This looks like this:- What have others bought with the product?
- What up-sells will complete the look of this product?
- What are similar products?
- What products are often viewed together?
7. Boost checkout and beyond
There are many things you can do post-product detail page to elevate your product discovery, such as:- Having smart notifications that show more information about the product to consolidate the purchase decision
- Providing free shipping and returns
- Designing your cart as a pop-up or side panel to encourage continued shopping
- Having the option to add more products to get free shipping
- Showing recommendations of what others have also bought
8. Product Reviews and UGC (User Generated Content)
Using customer reviews and ratings to prove to shoppers that they can trust your product. When 88% of online shoppers incorporate reviews into their purchase decision, you really can’t afford to leave them out of your eCommerce store. Drive-in more sales and conversions by including customer reviews on your online store. Using a comprehensive tool, you can collect, curate, and publish UGC ratings and reviews in your online stores to build trust, and reliability to maximize your ROI. If you are wondering how to generate more UGC reviews though, then here are a few tips that are easy and result-driven.- Send Feedback Forms To Your Customers
- Create an exclusive community for your brand users
- Organize Contests/Giveaways
9. Create Holiday Gift Guides
Gift guides are an important part of the holiday season. In a nutshell, these guides are designed to help consumers find great products. People spend on average $450 dollars a year on gifts for their loved ones during the holidays. There is a hidden market here, and all it takes to seize this opportunity is a high-quality gift guide. If you add a guide to your website you can boost your traffic and sales tremendously. Carefully consider the central theme of your guide. Avoid vague titles like “10 Best Gifts for Christmas.” Instead, pick specific titles like “10 Best Gifts for the Tech Guru in Your Life,” or “5 Kitchen Gadgets Gifts Every Cook Needs.” It is so important you get as many eyes on your gift guide as possible. Create a special category or tag for your gift guide and link to it in your sidebar and/or the main menu through December. Besides changing keywords and titles, another important change that’s guaranteed to attract an influx of gift hunters to your store is the inclusion of photos that convey the festive season. Marketing your gift guides is just as important as posting them to your blog. If your goal is to boost your sales, you should use the two main sources of marketing to reach as many people as possible. The best ways to market your gift guides are through social media and by emailing your lead list. The three big social media outlets are Facebook, Twitter, and Pinterest. Facebook and Twitter are similar in the sense that you can post statuses or posts.10. Quality Email Marketing Strategy
Email marketing contributed to 25% of Holiday Season sales, as online store owners, you know just how crucial email marketing is to your BFCM (Black Friday Cyber Monday) marketing strategy. And if that is not enough motivation to get you thinking about email marketing today, try this one on for size: during BFCM last year, email marketing had the highest conversion rate. Here are top marketing app and tool recommendations:- For email sequence and promotion set-up, try Klaviyo.
- To run remarketing on autopilot, try Recart.
- Abandoned cart
- Customer win-back
- Welcome to new signups
- Repeat customer thank you
- Product reviews