gamificationgamification consumer package goods. edwin wang •20 years experience in ecommerce....

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gamification consumer package goods

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Page 1: gamificationgamification consumer package goods. edwin wang •20 years experience in eCommerce. •Started 5 startups

gamificationconsumer package goods

Page 2: gamificationgamification consumer package goods. edwin wang •20 years experience in eCommerce. •Started 5 startups

edwin wang•20 years experience in

eCommerce.

•Started 5 startups.

•Currently the founder / CEO of Signature Market.

Page 3: gamificationgamification consumer package goods. edwin wang •20 years experience in eCommerce. •Started 5 startups

about signature market•eCommerce,

selling Consumer Package Goods (Natural & Organic Segment)

13 TimesRM 1milGROSS REVENUE

RM 13milGROSS REVENUE

2016 2018

Page 4: gamificationgamification consumer package goods. edwin wang •20 years experience in eCommerce. •Started 5 startups

secret sauce - gamification

Create Excitement + Make It Fun!!

Page 5: gamificationgamification consumer package goods. edwin wang •20 years experience in eCommerce. •Started 5 startups
Page 6: gamificationgamification consumer package goods. edwin wang •20 years experience in eCommerce. •Started 5 startups

marketing 101

normal marketing funnel

Page 7: gamificationgamification consumer package goods. edwin wang •20 years experience in eCommerce. •Started 5 startups

new marketing methodology

A Deal You Can’t Reject for Your Next 3 Purchase

Customers who have 3 happy experience 75% of them becomes loyal customer

Page 8: gamificationgamification consumer package goods. edwin wang •20 years experience in eCommerce. •Started 5 startups

loyalty only happens when there is trust

Customers always go back to their trusted brands for each category.

We call it comfort zone.

I Know You Exist

Should ITrust You?

I Try toTrust You I Trust You I Love You

Page 9: gamificationgamification consumer package goods. edwin wang •20 years experience in eCommerce. •Started 5 startups

understand your customer

I will never ever trust anyone

business losing money means a big win for me

I will never trust at first

please work harder to convince me why I should trust your brand

I choose to trust but do not betray me

I like to try new brands but I don’t like to be cheated.

I will always trust supporting new brands can

make markets more competitive & creative

Concern for self interest

high

low

Page 10: gamificationgamification consumer package goods. edwin wang •20 years experience in eCommerce. •Started 5 startups

magic happens when customer trust you

Customer do not compare prices around and trust you give them the best value. Do not abuse your promotions. Do not complain about your new customers promo / first trial promo. Wants your company to earn money so you will be there forever. Forgives you for your mistakes.

Page 11: gamificationgamification consumer package goods. edwin wang •20 years experience in eCommerce. •Started 5 startups

new business model

Psychology Mathematics+

create consumer new

Comfort Zone towards monopoly

Page 12: gamificationgamification consumer package goods. edwin wang •20 years experience in eCommerce. •Started 5 startups

mathematics

LTV > 3 x CACCAC Cost per

Acquisition LTV Customer Long-Term Value

Page 13: gamificationgamification consumer package goods. edwin wang •20 years experience in eCommerce. •Started 5 startups
Page 14: gamificationgamification consumer package goods. edwin wang •20 years experience in eCommerce. •Started 5 startups
Page 15: gamificationgamification consumer package goods. edwin wang •20 years experience in eCommerce. •Started 5 startups

offline 2 online gamification

Page 16: gamificationgamification consumer package goods. edwin wang •20 years experience in eCommerce. •Started 5 startups

the end