Lessons in e-commerce marketing What may work next? … 4th e-Commerce Summit 2013 Cebu City Mannix Pabalan @mannixbp hashtag digital, inc. http://www.hashtagdigital.ph CONNECT | ENGAGE | TRACK Yo u r F u l l A s s a u l t D i g i t a l M a r k e t i n g P a r t n e r The nagging questions! • • • • What were the lessons from the past? How do we compete/position in the internet business? Can we even get a share of the audience “they” enjoy? Can we keep up to the online and digital savvy expectations? 1st stop … how do we want to be known Remember: there is always a room in the web for a new and intuitive offer … • What they have … • Account for their weak points … research and analysis is the kick start! Define … WHAT WORKED??? OUTBOUND (Push) INBOUND (Pull) Telemarketing Search Marketing Trade Shows Blogging Direct Mail Social Media Email Blasts RSS/Content Syndication Print Ads / Press Releases Articles, Ebooks, White Papers Television / Radio Videos / Presentations Inbound Marketing is desired, impactful, targeted, and extremely cost effective. Outbound vs. Inbound Marketing 65% of CMOs stated that in the current economic climate, it is easier to secure organizational “buy in” on new media/social media programs than it was one year ago. Business Wire survey of 81 chief marketing officers and senior marketing professionals directly responsible for managing their digital agency as well as their organization’s digital marketing budget New media/social media channels are becoming more critical 77% stated they will take on a greater focus in their overall interactive strategy “Business Wire survey of 81 chief marketing officers and senior marketing professionals directly responsible for managing their digital agency as well as their organization’s digital marketing budget.” Online marketing is very powerful to push for revenue! Caution: • • • • • • Closely watch for your spend Campaign structure Targeting (keywords for SEM/ Audience for display) Cost Income Ratio (CIR) Cost Per Order (CPO) Revenue TAKE AWAY LESSONS … FIND a way to Balance and get optimized … % Share on transaction by channel Bounce Rate by channel 15% 22% 29% 37% 41% Search Engine Marketing Search Engine Marketing Display Ads Display Ads Email Marketing Email Marketing 56% Image Ads •Retargeting •Banner placement •Facebook ads Content Marketing is CRITICAL What is Social Media Marketing? Face to Face networking or Word-of-Mouth Marketing in a virtual world What Social Media can do for you? BRAND ADVOCATE Online confidence build -up Social Media Process Social Media in B2B and B2C Source: HubSpot State of Inbound Marketing Report Social Media: Quick Facts • • • • • • • 49% of social media (SM) users log on daily 31% agree SM is more credible than ads 61% research purchases with SM 36% use SM for purchasing decisions 40% are talking and learning from specific orgs 25% of users “feel better” about companies using SM 89% of users use SM more/same as last year Source: CNW Group and Leger Marketing REMEMBER! Web Customer expectations will get “worst” … • Just meeting expectations will become unacceptable • Alternative to YOU is just a click away. • As Search Engines help you get visitors, it also helps the visitor get alternatives. Visit u s at w w w. h ash tagdigit al. ph facebook.com/hashtagdigitalinc @hdigitalinc Mannix Pabalan @mannixbp