Selling Online to Tomorrow’s Shopper Presentation to Bord Bia, Dublin, September 2013 1 Introduction: Graham Merriman Managing Director Carrickane Consulting – Supporting Businesses to sell online • FMCG • Consumer Electronics • Fashion – Enterprise Ireland eCommerce Mentor Global Online Sales Director at Philips Consumer Lifestyle – Nine Years Developing Online Sales 2 This is what Grocery Retailing looked like 3 Power has shifted to the Shopper, online and offline 4 But at the end of the day the shopper wants this Without 5 Responding to the Shopper’s Mind-set “How can I use online to increase brand loyalty with shoppers who want a brand which – Knows me and can anticipate my needs – Has products which offer the quality and range I expect – Can deliver a premium service – Allows me to purchase their products in a way that suits my lifestyle – Can deliver value commensurate with the service” 6 What do I need to do? Upper Funnel: Creating Brand Preference • Building Loyalty • Building Advocacy Use your own website and social media to build brand loyalty Develop a multi-channel retail presence Lower Funnel: In-Store/Online Conversion • Visibility on key retail touch-points • Turning Shoppers to Buyers Source: Euro RSCG Worldwide Knowledge Exchange 7 Using your own website and social media to build brand loyalty 8 1) Your Own Website 9 2) Your Social Media Presence 10 3) Your Social Media Conversations 11 4) Your Social Media Content 12 5) Your Mobile Presence 13 6) Your Ongoing Engagement with Shoppers 14 Developing a multi-channel retail presence 15 1) Your Online Store • What’s my proposition to the shopper? • Do I offer value? • Will shoppers buy direct from me or only through a retailer? • Does my store convey quality? • Is it easy to shop my site? 16 2) Your Online Service • What payment methods do I support? • How do I handle fraud? • Do I have a logistical infrastructure? • How do I manage returns? • How I generate repeat purchases? 17 3) Your Online Retailer Presence • Are shoppers more likely to buy from retailers ? • How am I positioned at retail (compared to competition)? • Do I deal directly or indirectly with the retailer i.e. via a marketplace? • How much do I need I need to invest with retailers (marketing support) 18 4) Your Leveraging of Retailer Tools • What are the barriers to people buying my products online? E.g. Shipping costs, delivery issues, availability etc. • How has this been solved by retailers or competition? • How do I become part of these retailer programs? • What’s the cost v return? 19 5) Your Customer Reviews • What are shoppers saying and reading about my products? • How am I leveraging this to gain new customers? • How do I deal with negative reviews? • How do I encourage positive reviews? 20 6) Your Digital Presence In Store • Retailers have product promotions in-store & online • Retailer Apps shorten the distance between needs and fulfilment? • “Big Data” will allow you to deliver relevant offers straight to their phone ? • Are you ready for this? 21 7) Your Digital Presence at Point of Use • How can I increase relevance when people are consuming my product? • Hellmann’s increased sales by 44% by adding recipes to receipts? • How do I reinforce complimentary products? • What’s occasions do people associate with my products? 22 Next Steps 1. Set you online priorities • • • Building Brand Loyalty? Selling Direct? Selling Through Multi-Channel Retail? 2. Set Targets 3. Build a Plan 4. Assign Resources 23 Key Take Away When Shopping Online Consumers buy brands from brands…. 24 Carrickane Consulting Graham Merriman graham.merriman@carrickane.com @gpmerriman Office: +353 1 462 3146 Mobile: +353 85 836 4677 25 Sell Direct to Consumer Control + 26 Sell Direct To/From Amazon Control Amazon 27 Sell Through a Third Party Control - 28