Tailoring email content based on customer segments yields superior results. Personalization is not just a buzzword; it's a game-changer. Kelly Slessor, a prominent e-commerce expert shares insights on how brands can not only survive but thrive during the high-stakes period. Timing is everything. Strategically timed emails, especially during the BFCM period, can significantly impact customer engagement and conversion rates. Kelly Shares how dynamically adjusting content based on customer behavior and preferences ensures that your message resonates, creating a personalized and relevant experience. For new customers, a compelling welcome journey goes beyond product pitches. It should narrate the brand story, helping customers connect with the people behind the brand. This personalized touch can be a powerful conversion tool. Going into sale mode with steep discounts can inadvertently create a sales-centric customer mindset. Kelly suggests countering this by following up sales with communications emphasizing product quality, brand value, and uniqueness. AI-driven content production, data analysis, and even advancements in chatbots are becoming game-changers. The ability to react to customer needs in real-time and optimize strategies on-the-fly will separate winners from the rest.
The conversation with Brendan Gillen covered a spectrum of strategies, emphasizing the pivotal role of Customer Lifetime Value (CLTV) and fostering lasting customer relationships. Brendan stressed the significance of meticulous planning, advising e-commerce businesses to start early and align their strategies with customer behavior during peak seasons. Brendan highlighted the power of personalization. Tailoring offerings based on customer segments, be it new customers or loyal ones, ensures a targeted and effective marketing approach. Brendan delved into the importance of delivering a memorable experience. From fast order fulfillment to personalized communication, creating a positive shopping experience builds lasting connections and turns customers into brand advocates. The discussion unveiled four key strategies for boosting customer LTV. These included providing a memorable experience, identifying the next relevant product for customers, rewarding loyalty, and implementing attention-grabbing offers to win back customers who haven't shopped again. Brendan shed light on leveraging AI in e-commerce operations. He suggested using ChatGPT for marketing ideation, turning it into a conversational tool for generating ideas and even automating aspects like email marketing planning.
Aaron, a firm advocate of side hustles, emphasized that the trend has evolved, making it easier than ever to kickstart your venture. With no-code tools like Shopify, GoDaddy, and Klaviyo, setting up a business has become a streamlined process, allowing individuals to enter the e-commerce space without the need for extensive technical knowledge. In his consultancy work, Aaron observed that many businesses struggle with manual fulfillment tasks, leading to inefficiencies. The integration of AI, particularly in the form of Shopify and ShipIt, emerged as a powerful solution. By automating tasks such as labeling, pick and packing, and tracking, businesses can significantly reduce fulfillment time from hours to minutes, allowing owners to focus on scaling their ventures. For brands gearing up for Black Friday Cyber Monday, Aaron advised a strategic approach. Instead of heavy discounts on existing SKUs, he proposed introducing new SKUs as loss leaders. By soft launching and strategically discounting these new products, brands can gauge customer interest, gather reviews, and avoid conditioning customers to wait for yearly discounts.
Noah, the CEO of Social Snowball, shares critical insights into mastering affiliate marketing and utilizing the power of AI in e-commerce. Noah's journey began out of necessity, searching for a seamless affiliate tool for influencers and creators. Social Snowball emerged to fill this gap, providing an intuitive platform for brands to collaborate with influencers, ambassadors, and customers. The conversation delves deeper into affiliate marketing, challenging the perception that it's niche-specific. Noah reveals that diverse brands, even those unexpected, can thrive with tailored strategies. Referred customers not only spend more initially but exhibit significantly higher lifetime values, emphasizing the trust and lasting connection fostered through referrals. AI takes the spotlight as Noah discusses its pragmatic integration into Social Snowball's processes. While not extensively using AI, the platform leverages tools like ChatGPT for efficient customization requests.
West, drawing from his paramedic days in Surrey, highlighted the richness of multicultural environments. He stressed the importance of not just tolerating but experiencing and assimilating diverse cultures, citing the profound impact it can have on personal growth. Discussing the tech hub Bangalore, West and Kausambi delved into India's myriad subcultures and the influx of global talent. The conversation touched on the dynamic cultural tapestry within India, emphasizing the need for brands to immerse themselves in understanding and respecting these nuances. Moving on to West's entrepreneurial journey, he shared his accidental foray into e-commerce in 2014-2015. His perspective on running a marketing agency stemmed from a genuine passion for helping others, showcasing the significance of purpose-driven entrepreneurship. As the podcast shifted towards Q4 strategies, West outlined key considerations for brands. Notably, he stressed the need for effective testing, analyzing the psychology behind customer clicks. His advice: focus on nailing offers and creatives to stand out during the crucial holiday season. On AI, West shed light on its application in refining ad scripts. He explained how AI aids in iterating ideas and generating hooks, allowing brands to refine their messaging and better understand customer behavior.
With Matt Higgins, the renowned entrepreneur, VC and author of "Burn the Boats", we dived into the intricate world of entrepreneurship, focusing on pivotal themes that resonate deeply with both early and late-stage founders. Matt shares his journey, emphasizing the importance of calculated risk-taking. Burning the boats is about committing fully, leaving no room for retreat. Matt's Shark Tank experiences underscore the significance of standing firm in your convictions, even when faced with skepticism. Matt encourages entrepreneurs to identify opportunities in chaos. Rather than succumbing to the fear of failure, consider the chaos as a platform for innovation and growth. Matt, who co-teaches "Moving Beyond Direct-to-Consumer" at Harvard, stresses that D2C is a launch vertical, not a standalone business model. Founders must understand the omnichannel journey, making choices and anticipating challenges along the way. Content creation is more than storytelling. it's a means of building a community around your brand. Matt introduces the concept of "cost of community," emphasizing the efficiency of addressing a like-minded audience that shares passion and values. Matt challenges the notion that every business must aim for massive scale. Success is deeply personal and can be found in creating a business that meets your needs, provides for your family, and offers a degree of freedom. A crucial element for founders is self-awareness. The ability to spot threats, objectively assess your business, and implement necessary course corrections in a timely manner is a key predictor of success.
In conversation with Andrew Maff, the CEO of Blue Tusker. Here's a distilled overview of the key takeaways from the conversation: Andrew, with over 15 years in the e-commerce marketing space, highlighted the dynamic nature of the industry. Notably, he pointed out the significant shifts every 3-5 years, rendering experiences beyond that timeframe less relevant. The rise of data-driven marketing collided with challenges like the iOS change, complicating tracking mechanisms. Amazon, a colossal force in e-commerce, has become more expensive for sellers, leading to a resurgence of diverse marketplaces. Maff advocates a return to the 'Mad Men' era strategy, allowing customers to shop where they are most comfortable, be it Amazon, Walmart, or niche platforms. The discussion extended to the future of commerce and the role of platforms like Shopify. Andrew emphasized the importance of an omnichannel strategy, acknowledging the proliferation of niche marketplaces for specific products like fishing or car parts. He believes that controlling consumers to shop exclusively on a brand's website is counterproductive, advocating for consistent messaging across all platforms.
Claus, with over 20 years in digital marketing and e-commerce, kicks off by acknowledging the continuous growth of e-commerce. He emphasizes the dual nature of the industry—while platforms like Shopify simplify entry, the complexity of the e-commerce space can overwhelm beginners. Claus underscores the absence of a one-size-fits-all blueprint, emphasizing the need for trial, error, and adaptability in this challenging yet rewarding businesses. Claus delves into the pitfalls faced by many e-commerce sellers, particularly those operating in saturated markets. The failure to niche down and a lack of a compelling value proposition often plague businesses. He advocates for a more customer-centric approach, urging sellers to understand their audience deeply and communicate value effectively. AI emerges as a powerful ally, positioned to save time for merchants and enhance the customer journey. Claus envisions a future where AI optimizes personalized store experiences, impacting metrics like average order value and conversion rates. Claus advises merchants to be discerning in adopting AI tools, focusing on those that align with their needs. This podcast not only unravels the complexities of e-commerce but also sheds light on the transformative role of AI, leaving merchants with actionable insights for navigating and thriving in the digital marketplace
Jason Greenwood, an industry veteran and host of the eCommerce Edge podcast, engages in a rich conversation with Kausambi on the latest of artificial intelligence (AI). The discussion kicks off by dissecting AI's cultural comprehension challenges, attributed to its training on platforms like Reddit and Quora, which lack contextual depth. Jason emphasizes the crucial role of verbal interactions in AI evolution, pointing out the need for a two-way exchange to grasp subtleties. Diving into the e-commerce, they applaud Shopify's AI copilot, envisioning a paradigm shift in productivity with AI seamlessly translating natural language prompts into system actions. Throughout, Jason provides valuable insights, urging businesses to stay vigilant in the face of technological upheavals.
Eagan Heath, founder of Caravan Digital, and Kausambi discuss the dynamic shifts in e-commerce. They highlight the impact of Google's sudden ad changes, emphasizing the need for adaptability. The evolution from traditional retail to online stores is explored, posing challenges akin to generating foot traffic. Conversion rate optimization (CRO) is central, emphasizing audience understanding, leveraging social proof, and preemptively addressing concerns. The discussion extends to the potential influence of generative AI on iterative processes, and Eagan speculates on the future of e-commerce with augmented reality and shifts in user interfaces. The dominance of major tech players and the sustainability of small businesses are also examined. The episode concludes with Eagan sharing personal insights, including recommendations for yoga gear, favorite books, and a song on repeat. Eagan can be reached at eagan@caravandigital.com or via LinkedIn.
Storytelling is important for any brand. When you know the product that you're buying a little bit more or who made it or you know there's some story behind the product that you're picking, you tend to love it more and you know the life time of the product increases because you take care of it better, you wear it more. And on that note -- in today's episode of Shelf, we sit with Taniya Biswas - Co founder at Suta - where we dive into how brands can craft intriguing stories loved by consumers ❤️
Consumer behavior is shifting to a point where instant commerce is the mantra today. People are shopping at the point of discovery - and no longer dependent on just search-based shopping. Amidst such a shift, how can brands leverage new tech and GTM strategies to stand out in the crowd? Jyoti Bharadwaj is the Founder of TeaFit, and on this episode, she shares how she has managed to scale up an amazing business with lean teams but extraordinary strategies.
BPC is one of the fastest growing segments in India - and has been important traditionally too with ayurvedic recipes and nuskas passed down through generations. In 2022, BPC grew to $26.3 billion - and with that burst of growth there is the paradox of choice Arush Chopra - Co-founder at Just Herbs - shares how to navigate that and bring freshly-curated products to the right consumers at the right time. Tune in!
D2C has matured a little bit. It all started five years ago. So now everybody's done with building their brands, their websites, they have a good amount of customers, they have a good number of products out there in the market to do resale. It's the maturity stage of the D2C market in India that is now thinking of circularity. Join us as we dive into a quirky conversation with Kirti Poonia - Co-founder at Relove - a fashion tech platform that powers brands to contribute positively to the circular economy.
Arjun is a notable D2C founder and investor. He spearheaded the growth of Dr. Vaidya's to become India's largest ONLINE Ayurveda brand, with a very successful acquisition. What’s Arjun doing today? Venture investing at Verlinvest, overseeing their new fund called V3 Ventures…. actively engaging as an angel investor and mentor for founders in India's vibrant startup ecosystem… all while learning to be a new dad As Arjun says - "A really big opportunity is there are lots of creators don't know how to build brands. And there are lots of brands that don't know how to build content. The winner in sort of 2023 and forward is someone who can build a brand that thinks like a creator."
Casper is the Global SVP of Technology at Valtech, and Gordana is the Chief Revenue Officer at Vue Storefront. Both Gordana and Casper are part of the MACH Alliance as Executive Board Members - a global tech alliance that advocates for open, best-of-breed technology ecosystems And today on our final episode of Shelf Season #1, we have them both here at Mason - to speak about MACH and the Evolution of Commerce with Composable Architecture. More about Valtech- https://www.valtech.com/en-in/ More about Vue Storefront- https://vuestorefront.io/ Connect with Casper on LinkedIn- https://www.linkedin.com/in/casper-aagaard-rasmussen/ Connect with Gordana on LinkedIn- https://www.linkedin.com/in/gordana-vuckovic/ —------------------------------------------------------------------------------------------------- Follow Mason for more ace-in-the-hole insights at: https://bit.ly/3KiN1Wv LinkedIn: https://www.linkedin.com/company/get-mason Twitter: https://twitter.com/getmasondotio
Morten is the EVP of Technology at Bluestone PIM. He is also the Head of the MACH Alliance Tech Council, which advocates the use of composable architectures for modern enterprises. In this episode, we break down the possibilities that a modern composable stack can bring for growing brands during peak seasons — let’s say, Black Friday Cyber Monday - and how it’s so exceptional in handling traffic and other storefront challenges during such high-traffic seasons. More about Bluestone PIM- https://www.bluestonepim.com/ Connect with Morten on LinkedIn- https://www.linkedin.com/in/morten-naess/ —------------------------------------------------------------------------------------------------- Follow Mason for more ace-in-the-hole insights at: https://bit.ly/3KiN1Wv LinkedIn: https://www.linkedin.com/company/get-mason Twitter: https://twitter.com/getmasondotio
Anthony is a Global Go to Market Strategist - previously working in commercetools - and someone who is passionate about building next-generation eCommerce technology to enable cutting-edge customer experiences. In this episode, we dive into what it means to go headless and how it is used in the context of the larger Composable Commerce ecosystem. Tune in! More about commercetools- https://commercetools.com/ Connect with Anthony on LinkedIn- https://www.linkedin.com/in/anthonymeir/ —------------------------------------------------------------------------------------------------- Follow Mason for more ace-in-the-hole insights at: Website: https://bit.ly/3KiN1Wv LinkedIn: https://www.linkedin.com/company/get-mason Twitter: https://twitter.com/getmasondotio
Going a level deeper into what composable commerce is - we invite Ray Bogman, Head of Commerce Customer Engineering at Adobe- to dive into the key elements that make up composable commerce architecture. From UI components to business logic to automation, Ray shares his take on how composable commerce can be a game-changer for e-commerce brands from a business perspective. More about Adobe- https://www.adobe.com/ Connect with Ray on LinkedIn- https://www.linkedin.com/in/raybogman/ —------------------------------------------------------------------------------------------------- Follow Mason for more ace-in-the-hole insights at: Website: https://bit.ly/3KiN1Wv LinkedIn: https://www.linkedin.com/company/get-mason Twitter: https://twitter.com/getmasondotio
When it comes to eCommerce, the technology landscape is quite fragmented today. Tech giants like Amazon have custom-forged engines and an army of developers to run the day-to-day experiences for their frontends. But the remaining 99% comprising D2C teams do not have access to such tech infrastructure. This episode covers all things no-code & low-code tech and how it’s taking front and center stage today to solve this gap. Excited to speak with Matthew McQueeny from Konabos - someone who loves reading (and speaking) about the intersection of technology, marketing, and communications. Tune in! More about Konabos- https://konabos.com/ Connect with Matthew on LinkedIn- https://www.linkedin.com/in/matthew-mcqueeny-9732493/ —------------------------------------------------------------------------------------------------- Follow Mason for more ace-in-the-hole insights at: Website: https://bit.ly/3KiN1Wv LinkedIn: https://www.linkedin.com/company/get-mason Twitter: https://twitter.com/getmasondotio