when is ecommerce right? digital marketing course

8
Training Supplement | December 2016 Jake Aull | Zen Fires Digital Marke;ng | 404.259.5550 | ZenFires.com | @jakeaull Digital Marke0ng: When is eCommerce Right?

Upload: jake-aull

Post on 08-Apr-2017

62 views

Category:

Business


2 download

TRANSCRIPT

Page 1: When is eCommerce Right? Digital Marketing Course

 Training  Supplement    |    December  2016  

                   

Jake  Aull    |    Zen  Fires    Digital  Marke;ng    |    404.259.5550    |  ZenFires.com    |    @jakeaull    

Digital  Marke0ng:    When  is  eCommerce  Right?  

Page 2: When is eCommerce Right? Digital Marketing Course

Supplement:    When  is  eCommerce  Right?  

                   

Jake  Aull    |    Zen  Fires    Digital  Marke;ng    |    404.259.5550    |  ZenFires.com    |    @jakeaull    

   

Page 3: When is eCommerce Right? Digital Marketing Course

Zen  Fires    Digital  Marke;ng    |    [email protected]  Zen  Fires    Digital  Marke;ng    |    [email protected]  

   When  is  eCommerce  Right?  __________________________________________________________________________________________________________________________________________________________________________________  

 

•  We  oNen  think  about  digital  marke;ng  as  the  means  to  promote  tradi;onal  products  and  services  for  tradi;onal  points-­‐of-­‐sale  (brick-­‐and-­‐mortar).      

•  However  digital  marke;ng  can  even  define  and  drive  the  product  for  eCommerce.      

•  How?  People  search  online  for  what  product  they  want  to  purchase.      

•  Every  year  people  grow  more  comfortable  with  online  purchasing,  but  if  consumers  can  find  exactly  what  they’re  looking  for  online,  and  don’t  find  it  physically  available  nearby,  they  will  purchase  online.      

•  So  what  do  the  people  want?  Keyword  research  tells  us  (search  volume,  compe;;veness,  etc.).    

Page 4: When is eCommerce Right? Digital Marketing Course

Zen  Fires    Digital  Marke;ng    |    [email protected]  Zen  Fires    Digital  Marke;ng    |    [email protected]  

   When  is  eCommerce  Right?  __________________________________________________________________________________________________________________________________________________________________________________  

 

•  And  all  of  this  makes  “niche”  product  models  (what  search  marketers  call  “long  tail”)  work  best  (especially  when  star;ng  an  eCommerce  business  or  site).      

•  For  example  I  had  a  client  with  an  eCommerce  furniture  site.      

•  Furniture  is  an  industry,  like  fashion  for  example,  which  is  less  commodi;zed  and  less  brand  dominant.  Sure  there  are  major  brands  and  even  common  stores,  but  there  are  is  a  huge  market  for  the  less  commodi;zed,  less  u;litarian  products.      

•  The  client  site  was  based  on  ‘rus;c  cabin  furniture’  -­‐  something  people  searched  for,  but  not  largely  enough  to  be  a  common  product  ‘category.’      

•  Therefore  when  consumers  searched  for  this  term  previously  there  was  not  heavy  compe;;on  (nor  heavy  search  marke;ng  implementa;on  for  other  sites).      

•  Fashion  would  be  similar  (take  for  example  alterna;ve  fashion  movements  such  as  Steampunk).      

•  Which  is  why  we  see  successful  eCommerce  sites  for  these  industries,  despite  the  misconcep;on  that  people  ‘won’t  buy  furniture  or  clothes  that  they  can’t  see  or  feel.’    

Page 5: When is eCommerce Right? Digital Marketing Course

Zen  Fires    Digital  Marke;ng    |    [email protected]  Zen  Fires    Digital  Marke;ng    |    [email protected]  

   When  is  eCommerce  Right?  __________________________________________________________________________________________________________________________________________________________________________________  

 

•  Of  course  eCommerce  models  work  well  for  more  rare  products  also;  I  have  had  eCommerce  clients  selling  unique  products  direct-­‐to-­‐consumers  such  as  CPAPs  (medical  and  snoring  oxygen  face  masks),  and  CNC  (builder/maker  machines).      

•  Alterna;vely,  just  as  with  tradi;onal  marke;ng,  it’s  going  to  be  hard  to  sell  commodi;zed  or  even  brand-­‐specific/brand-­‐loyal  products  which  already  have  heavily  established  customer  purchase  opportuni;es.      

•  For  example,  it’s  going  to  be  hard  to  sell  non-­‐Macintosh  computers  to  Mac  customers  (a  very  loyal  customer  base;  and  there  are  already  many  opportuni;es  for  Mac  purchasing).      

•  And  it’s  going  to  be  difficult  to  break  into  the  market  selling  red  T-­‐shirts  online  (due  to  commodi;za;on).      

•  So  again,  just  as  with  tradi;onal  marke;ng,  it  comes  down  to  demand,  differen;ated  posi;oning,  USP  (unique  sales  proposi;on),  etc.    

Page 6: When is eCommerce Right? Digital Marketing Course

Zen  Fires    Digital  Marke;ng    |    [email protected]  Zen  Fires    Digital  Marke;ng    |    [email protected]  

   When  is  eCommerce  Right?  __________________________________________________________________________________________________________________________________________________________________________________  

 

•  The  difference  is  that  the  eCommerce  model  offers  minimal  cost;  you  can  work  out  arrangements  to  re-­‐sell  vendor  products  without  upfront  purchasing.      

•  In  other  words,  you  can  pay  the  manufacturer  once  an  end-­‐customer  buys  on  your  website.      

•  And  at  that  point  route  info  to  the  manufacturer  to  do  the  product  direct  shipping.      

•  And  without  paying  for  brick-­‐and-­‐mortar  facili;es,  loca;on  or  warehousing  space,  the  amount  of  your  profit  growth  comes  down  to  the  effec;veness  of  your  promo;on  for  increased  purchasing.      

•  What’s  more,  you  can  also  obtain  revenue  from  ads  on  your  eCommerce  site;  such  as  special  banner  ads  for  specific  manufacturers  (if  they  wish  to  heavily  promote  or  give  you  a  discount  on  your  cost  for  their  products)  or  even  Google  ads  shown  on  your  site  (I  have  an  eCommerce  client  who  allows  Google  ads  to  appear  on  his  site).    

Page 7: When is eCommerce Right? Digital Marketing Course

Zen  Fires    Digital  Marke;ng    |    [email protected]  Zen  Fires    Digital  Marke;ng    |    [email protected]  

   When  is  eCommerce  Right?  __________________________________________________________________________________________________________________________________________________________________________________  

 

•  In  tradi;onal  marke;ng  we  talk  about  “The  4  Ps”  being  the  founda;on  for  marke;ng  planning:  Product  (or  service),  Place  (distribu;on),  Promo;on  and  Price.    

•  But  in  digital  marke;ng  we  talk  about  a  fiNh  P;  “Par;cipa;on.”  Meaning  the  par;cipa;on  element  of  social  media;  the  poten;al  for  mul;-­‐way  informa;on  and  communica;ons  between  consumers  and  the  marketer.      

•  Social  media  not  only  gives  us  addi;onal  ways  to  promote,  but  also  ways  to  iden;fy  consumer  demand  (and  ever-­‐important  reviews,  complaints,  word-­‐of-­‐mouth,  etc.).      

•  So  how  many  consumers  are  talking  about  ‘rus;c  cabin  furniture’  that  they  can’t  find  in  stores?  How  many  in  social  media  groups  are  talking  about  ‘Steampunk  fashion’  they  can’t  find  a  wide  enough  selec;on  of?  All  of  this  is  iden;fiable  via  online  research.      

•  What  used  to  require  years  of  industry  experience  and  awareness  of  customer  buying  palerns  and  compe;tors  can  now  be  iden;fied  more  quickly  via  online  consumer  research.      

Page 8: When is eCommerce Right? Digital Marketing Course

Thank  You!                  

Jake  Aull    |    Zen  Fires    Digital  Marke;ng    |    GSU  Social  Media  Marke;ng  Instructor  404.259.5550    |  ZenFires.com    |    @jakeaull    

Ques;ons?