Public Relations & Social Marketing Insight
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Public Relations & Social Marketing Insight
Social marketing, PR insight & thought leadership - from The PR Coach
Curated by Jeff Domansky
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57% of Online Purchases Are Returned Due to Retailer Error - #Retail TouchPoints

57% of Online Purchases Are Returned Due to Retailer Error - #Retail TouchPoints | Public Relations & Social Marketing Insight | Scoop.it

By analyzing returns data, retailers can better understand consumers’ preferences and behaviors. Additionally, this data can help organizations survey their internal supply chain and warehousing proficiencies.


However, there is still plenty of work to be done as retailers strive to minimize return rates and maximize customer satisfaction, according to research from Voxware.


More than half (57%) of consumers are returning items they ordered online or by phone due to retailer error. While 42% noted that the product’s size or color was incorrect, another 15% said they received the wrong product altogether....

Jeff Domansky's insight:

research shows that retailers still have a long way to go in satisfying their customers.

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E-COMMERCE BENCHMARKS REVEALED: How Top Retailers Stack Up On Mobile And The Web

E-COMMERCE BENCHMARKS REVEALED: How Top Retailers Stack Up On Mobile And The Web | Public Relations & Social Marketing Insight | Scoop.it
As shopping shifts to the web and mobile, retailers need to be increasingly mindful of the different e-commerce channels and how their services and sites stack up against those of competitors, and the industry at large. 

A few key performance indicators, or KPIs, allow retailers to benchmark themselves in specific areas of online commerce. Identifying the right areas for improvement can help businesses adjust and capture a larger share of the e-commerce and retail market.
Jeff Domansky's insight:

everal retailers are surprisingly weak on several key social marketing and e-commerce benchmarks.

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How to Sell on Social Like The Best E-Commerce Brands

How to Sell on Social Like The Best E-Commerce Brands | Public Relations & Social Marketing Insight | Scoop.it
To understand how the best sell on social and earn a positive ROI on their social investment, we researched 100 of the top social selling e-commerce brands on Facebook, Twitter, and Pinterest. For two weeks, we recorded each of their posts across six dimensions: 1. type (video, image, or text), 2. purpose (promote product or brand building), 3. copy, 4. whether it was linked, 5. whether it was original or user-generated content (including retweets and repins), and 6. posting time.

We then compiled this data and analyzed it for patterns. Here’s what we found to be the best practices for social posting that drives sales
Jeff Domansky's insight:

Terrific social marketing lessons from the top 100 online brands. Recommended reading for social marketers.  9/10

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Wall Street Journal Explores How Retailers Should Use Discounts | AgilOne

Wall Street Journal Explores How Retailers Should Use Discounts | AgilOne | Public Relations & Social Marketing Insight | Scoop.it

We worked with Shelly Banjo from the Wall Street Journal on a piece about how retailers should use discounts. The Wall Street Journal added a piece of consumer research to accompany the article that was very interesting.


They asked what email headline would get consumers to open an email from a retailer.


Consumers agreed that they are most likely to respond to an email that is advertising a specific (read: relevant) item on sale, not to generic  discounts....

Jeff Domansky's insight:

Valuable consumer insight for retail marketers, social marketers and PR.

Sandeep Londhe's curator insight, January 8, 2015 7:25 AM

Consumers respond to an email that is advertising a specific (relevant to them) item on sale, not to generic discounts.

 

Even a modest discount will get a shopper to buy, as long as it is for the right product.

 

Retailers who differentiate discounts on a shopper-by-shopper basis will experience twenty percent greater profits.

 

75% of consumers demand some form of personalization by retailers.

 

Delivering value means delivering the highest relevancy, not necessarily the highest discounts. 

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Holiday Analytics: Why Santa and his Elves Should be Checking Twitter

Holiday Analytics: Why Santa and his Elves Should be Checking Twitter | Public Relations & Social Marketing Insight | Scoop.it

Advanced analysis of social media traffic can provide insights into these and many other consumer trends because it measures not only how many people are mentioning a given topic but also how they feel about it. We call that consumer sentiment, and it is a powerful tool for understanding the full story.


For example, SAP analyzed more than 28 million social media posts during this holiday season, which revealed that while consumers mentioned electronics twice as often as the next highest category, they had mixed reviews – sentiment was only 60%. Perhaps poor reviews, sold-out models, and missed deals disappointed shoppers this year....

Jeff Domansky's insight:

Nowadays, it can be easier to find your loved ones’ holiday wish lists by checking their social media postings rather than coercing them to jot it down.

MediaVision's curator insight, December 23, 2014 4:14 AM

Some great insights and points. Well worth a read. 

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Global B2C Ecommerce Sales to Hit $1.5 Trillion This Year Driven by Growth in Emerging Markets - eMarketer

Global B2C Ecommerce Sales to Hit $1.5 Trillion This Year Driven by Growth in Emerging Markets - eMarketer | Public Relations & Social Marketing Insight | Scoop.it

According to eMarketer’s latest forecasts, worldwide business-to-consumer (B2C) ecommerce sales will increase by 20.1% this year to reach $1.500 trillion. Growth will come primarily from the rapidly expanding online and mobile user bases in emerging markets, increases in mcommerce sales, advancing shipping and payment options, and the push into new international markets by major brands.

In 2014, for the first time, consumers in Asia-Pacific will spend more on ecommerce purchases than those in North America, making it the largest regional ecommerce market in the world. This year alone, B2C ecommerce sales are expected to reach $525.2 billion in the region, compared with $482.6 billion in North America....

Jeff Domansky's insight:

Not only are these e-commerce sales stunning, the growth is projected to continue. Any business that isn't selling online is not going to be in the game in the future. Must-read for marketers. 9/10

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