The team that I work with at ATG is putting together a corporate sponsored blog for our customers on the subject of eCommerce Strategy and Best Practices. The blog is still in pre-launch mode, but I wrote a post for it yesterday that I thought would be good for a cross-post here.
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Part of the Solutions Strategy role at ATG is to keep abreast of
eCommerce trends, not only with our own customers, but in the market as
a whole. I know first-hand what kind of time and energy it takes to run
an eCommerce business, which leaves precious little time to keep up on
best practices and emerging trends, so hopefully our team can help shed
some light!
One question that we seem to be hearing a lot is, "How can I leverage the explosion in Social Networking trends as part of my online marketing strategy?".
This has been a fairly hot topic at just about every eCommerce event in
the past year, and there really isn't a simple answer to the question.
There have been a number of ambitious, yet failed, attempts to try
and recreate the same energy and sense of community of a MySpace or
FaceBook on retailer web sites. The problem with these experiments, is
that your typical Digital Millennial consumer
knows when they are being marketed to, and an overt invitation to come
to a big-box retailer to "hang out" and connect with other consumers
usually comes off as patronizing and makes the retailer seem
out-of-touch with that consumer.
The good news, is that we are starting to see some very promising
examples of retailers starting to bridge the gap of social expression
and eCommerce:
Leverage the Voice of the Customer: There is no question that
the use of user-generated content, primarily through reviews and
ratings, has been one of the most effective marketing and merchandising
tools to surface in the last 2-3 years. It has quickly moved from a
"let's test this and see how it goes" initiative into an eCommerce best
practice. I have long been a proponent of ratings and reviews as a
merchandising tool, and saw the impact that it has on conversion in my
own business. If you aren't doing this today, I would encourage you to
reach out to one of our partners, BazaarVoice or PowerReviews, and find out how to leverage this on your site.
Blogging: This starts to get into murky water. The key for
any retailer that creates a blog, is to try and create an
environment that provides relevant content to their customers without
coming across as a scrolling billboard for merchandise. There are a
number of pretty poor examples out there on how to do this, but I'd like to
focus on the retailers that I think really nail it.
Wal-Mart's Checkout Blog: What Wal-Mart has done here is quite surprising for a company of their size: they have turned some of their corporate buyers and merchandise managers
loose on a public blog, and encouraged them to write about what they
think is interesting/hot/cool/fun. The posts are informative and
written by people who actually know something about their subject! As
you would expect, there are many links back to product pages on the
Wal-Mart site, but they are all within context of the blog. This
definitely feels like more of a branding play more than anything else
right now, but you can certainly see how they are also using it as a
way to creatively merchandise products and categories. Unfortunately,
they don't seem to be promoting it very prominently on their web site,
but I think that will change as the user base grows.
Bluefly's Flypaper Blog:
This has always been one of my favorite examples of a retailer's blog,
and I have often pointed this site out as the benchmark for what I
think a retail blog should be. The content is fresh and written by
people who understand what their customers want to see, and it's done
in bite-sized posts that are easy to digest. What I've always liked
about the blog is how it transitions well into the Bluefly site. They
promote it on their home page, and carry over the same design elements, even using the same shopping header.
Video Blogging & YouTube: Not for the faint of heart,
obviously, but there are a few brave souls that have embraced this
medium and seem to be using it to their advantage. The key to success
with video, is the presence of a strong personality to help drive the
message. Some great examples:
Ice.com on YouTube:
If you've been in the eCommerce business for very long at all, you
either know who Pinny Gniwisch is or you've seem him at industry
events. Pinny is the VP of Marketing at Ice.com, and has posting videos
on YouTube for almost a year. While this is purely a branding play, I
think it's a great way to get the Ice.com brand exposed to a different
consumer.
Wine Library TV: It would be impossible for me to mention video blogging without including Gary Vaynerchuk.
Gary is the Director of Operations for Wine Library, a wine shop in
Springfield, NJ owned by his parents. During the last few years, he has
helped guide the business from $4M to $50M in annual revenue, and his
embrace of video blogging has been a big part of their success. He
posts videos 5 days a week, and has more than 60,000 viewers each day!
This has been a huge branding success for their online (and off-line)
business, and there's no question that it's had an impact on their
revenue.
Twitter: This is
definitely a trend that I would put in the category of "emerging", but
it's gaining momentum and should be on everyone's radar. Twitter is a
"micro-blog" service that allows users to send short updates to other
users in their network - think blogging as a text message. You can
"follow" someone on Twitter just as you would add them as a "friend" on
MySpace, FaceBook or LinkedIn. There are over 1 million users on
Twitter right now, and that number will just continue to grow. The
corporate applications for Twitter aren't fully exposed right now, but
we are beginning to see some movement. Comcast is monitoring the "Twitterverse"
and reaching out to customers who are complaining about customer
service issues. I would expect to see more brands begin to try and
leverage this network as their users continue to increase.
The common theme that you see here with all of these examples, is
that they are using some aspect of social networking to reach out and
create a dialog with their customers. Whether you want to call it
branding, marketing or merchandising, the net result is going to be a
higher level of customer satisfaction and a positive impact on top-line
revenue.