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How To Use Analytics To Grow
Your eCommerce Business
#AddShoppersLive
Your presenters
Chad Ledford
Co-Founder and CRO of AddShoppers
Jake Stein
Co-Founder and COO of RJMetrics
I. Why focus on analytics?
II. 6 key growth analytics &
how to improve them
III. How to integrate data into
your workflow & campaigns
IV. Q&A
Agenda
AddShoppers
We track and optimize the Shopper Journey
with our suite of marketing Apps designed to
increase our clients’ Average Revenue Per
Visitor (ARPV).
10,000+ Clients Worldwide

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RJMetrics
RJMetrics is a cloud-based data
infrastructure and analytics platform.
It provides tools to consolidate and analyze
the ever-growing volume of data available to
every organization that does business online.
For more information on RJMetrics, read the
blog, visit the website, and follow them on
Twitter.
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Let’s start with
understanding the
Shopper Journey
This is the Shopper Journey...
Awareness Interest Consideration Purchase Retention Advocacy

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...and here are the metrics that
correspond to each step in the
Shopper Journey:
Awareness
Brand
Impressions
Interest
MUVs
Consideration
Customer Database
Records
Purchase
Conversion
Rate
& AOV
Retention
Lifetime
Value
Advocacy
Referrals
...and here’s how you can use
this format to track campaigns:
Awareness Interest Consideration Purchase Retention Advocacy
Campaign Brand
Impressions
MUVs / Clicks Customer
Database
Records
Conversion
Rate & AOV
Lifetime Value Referrals
All Campaigns 1,000 100 10 2% / $30 $100 5
Black Friday
Email
1,000 60 0 2.5% / $30 $110 1
Refer-a-Friend 200 50 5 3% / $35 $120 2
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performing companies?
1. Customers
2. AOV
1. Retention
2. Loyalty
Why focus on
these data points?
“You can’t improve what you can’t measure”
The Shopper Journey highlights your most
important growth levers.
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Stop flying blind
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opportunities
Prioritize your time
1
2
3

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Dr. Peter Fader, co-founder of predictive analytics company Zodiac and marketing professor at Wharton, teams up with CMO Michael Loban of web analytics consultancy InfoTrust to explain the basics of using Customer Lifetime Value (CLV) and predictive analytics to supercharge your marketing and business strategy. The presentation covers- -The definition of Customer Lifetime Value (CLV) -Why CLV is meaningful to your organization -How to think about calculating CLV and why many methods are incorrect -How to use CLV and predictive analytics to optimize your strategy and campaigns -Common questions and concerns

predictive analyticscustomer analyticsweb analytics
How To Identify Top Advocates
Your customers Professional Influencers
Creative ways to
make the most of
your top
advocates
Create direct relationships
Offer a referral program
Identify & segment in CRM
1
2
3
Referrals by the
numbers
● Referred customers are 25% more
profitable & 18% more loyal
● 50% of people are more likely to give a
referral if offered a direct incentive.
(Study from Software Advice)
● People are 4 times more likely to buy
when referred by a friend. (Nielsen)
Case Study
Hanes’ Refer-a-Friend program paid for itself in 2 weeks.

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This presentation was presented at #CustomerAnalytics Conference, Chicago 2014 by Maruti Peri, VP Sales. BRIDGEi2i helps businesses extract each ounce of loyalty in today's “Age of the Customers” as customer loyalty keeps fighting an uphill battle with increased product choices and proliferation of prospective client information. To know more about BRIDGEi2i Customer Intelligence Solutions, visit http://www.bridgei2i.com/customer-intelligence.html

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This document discusses relationship management and customer relationship management (CRM). It defines CRM as managing customer interactions across the customer lifecycle through information, processes, technology, and people. The document outlines CRM strategies like customer acquisition, retention, loyalty, and evangelism. It discusses tracking customer data and metrics like customer lifetime value to improve the customer experience and business outcomes.

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Watch This Free Webinar On-Demand: http://dg-r.co/2fuk0LO - Maximize Customer Lifetime Value In 2017 by Leveraging Your 2016 Wins Learn why Customer Lifetime Value is a critical metric that can improve your ABM plan & shape your 2017 budget You worked hard in 2016 to target and convert the accounts and prospects with the highest propensity to buy. Now you need to keep those new customers happy while continuing to expand those relationships. Join Matt Zelen, SVP of Customer Success at Act-On Software, and learn how you can maximize your customer lifetime value in 2017, including: • Why customer lifetime value is a vital strategic metric for your business; • How both customer lifetime value and customer acquisition can help determine marketing budget in 2017; • Tips and tricks to creating a long-term, strategic approach to defining customer lifetime value; and • How CLV positively impacts account-based marketing initiatives.

abmb2b#sps16
Putting it all together...
How to integrate data analysis into your workflow
RJMetrics CloudBI
is a complete
analytics platform
for online
businesses.
RJMetrics Pipeline
How to improve your
Brand’s Shopper Journey

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The document discusses applying decision science techniques to solve various business problems in customer relationship management. It covers topics like prospect targeting and acquisition, customer segmentation, profitability and loyalty analysis, cross-selling and upselling strategies, campaign management, customer lifetime value analysis, and customer retention through churn management. Decision science helps businesses make targeted decisions at each customer lifecycle stage to optimize acquisition, usage, retention, and customer lifetime value.

crm
Connect the Likes: Tracking Visits to Improve Facebook Ads Performance
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Join Kapil Mohan, product manager at Zenreach, and Bahador Jamshidi, paid social account manager at Hanapin, to learn how to use Facebook offline conversion to track campaigns to real-world outcomes.

zenreachfacebookfacebook advertising
1. Map your
Shopper Journey
and aggregate
your data
Awareness Interest Consideration Purchase Retention Advocacy
Campaign Brand
Impressions
MUVs / Clicks Customer
Database
Records
Conversion
Rate & AOV
Lifetime Value Referrals
All Campaigns 1,000 100 10 2% / $30 $100 5
- Black Friday
Email
1,000 60 0 2.5% / $30 $110 1
- Refer-a-Friend 200 50 5 3% / $35 $120 2
… remember this?
2. Pick a focus
Identify all of the Shopper Journey metrics
that you think you can improve.
Then, rank them by:
● Estimated impact
● Dollar investment needed to test
● Time required to build test
Choose the test with the biggest estimated
impact, taking investment required into
consideration.
3. Execute

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This document presents a solution for gaining insights into e-commerce channel and customer profitability. It proposes a platform to identify the most profitable channels, customers, and products by analyzing metrics like contribution margin, variable marketing spend, and customer lifetime value. This would allow marketers to increase profitability and optimize spending. It provides examples of dashboards and analyses that could be created using the platform, including stacked cost per order, lifetime contribution margin by customer, and category performance over time. The goal is to understand true customer and channel profitability to make more informed marketing decisions.

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This document discusses the importance of measuring lead quality using ROI metrics for B2B marketers. It recommends tracking contact rates, quote rates, and monthly ROI to evaluate lead performance. Calculating customer lifetime value is also important to consider long-term profit from customers over years. Not all leads are equal - high quality leads from reputable sources will be actively seeking services, verified and targeted prospects. Measuring leads helps optimize budgets and improve sales conversion.

roimarketinganalytics
Digital measurement & analytics
Digital measurement & analyticsDigital measurement & analytics
Digital measurement & analytics

According to a recent Forbes report, 89% of business leaders believe analytics will revolutionise business operations. Analytics not only provides marketers with valuable insights but also serves as the driving force behind the effectiveness of digital marketing. Understanding your customers' behaviour and preferences helps you drive targeted messages across different digital and social platforms, allowing you to communicate with them more effectively. In collaboration with the Marketing Institute of Singapore (MIS), Singtel invites you to a complimentary workshop on Digital Marketing analytics. Key Points: • Learn how analytics enables you to gain insights on your customers so as to develop effective marketing strategies • Understand how to put together an effective web measurement programme to define and improve marketing ROI • Acquire skills to better market your products or services to your target audience using the right tools and platforms

mobile marketing campaignsweb measurementdigital analytics
Summary
Integrate + analyze your data + move the dials.
To learn more about AddShoppers, join
an upcoming live demo:
AddShoppers.com/live-demo
Additional Questions? Follow Up?
chad@addshoppers.com
@ChadLedford
sales@rjmetrics.com
@jakestein
To learn more about RJMetrics, visit:
RJMetrics.com

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How to use analytics to grow your eCommerce business

  • 1. How To Use Analytics To Grow Your eCommerce Business #AddShoppersLive
  • 2. Your presenters Chad Ledford Co-Founder and CRO of AddShoppers Jake Stein Co-Founder and COO of RJMetrics
  • 3. I. Why focus on analytics? II. 6 key growth analytics & how to improve them III. How to integrate data into your workflow & campaigns IV. Q&A Agenda
  • 4. AddShoppers We track and optimize the Shopper Journey with our suite of marketing Apps designed to increase our clients’ Average Revenue Per Visitor (ARPV). 10,000+ Clients Worldwide
  • 5. RJMetrics RJMetrics is a cloud-based data infrastructure and analytics platform. It provides tools to consolidate and analyze the ever-growing volume of data available to every organization that does business online. For more information on RJMetrics, read the blog, visit the website, and follow them on Twitter.
  • 6. What analytics do you need for growth?
  • 7. Let’s start with understanding the Shopper Journey
  • 8. This is the Shopper Journey... Awareness Interest Consideration Purchase Retention Advocacy
  • 9. ...and here are the metrics that correspond to each step in the Shopper Journey: Awareness Brand Impressions Interest MUVs Consideration Customer Database Records Purchase Conversion Rate & AOV Retention Lifetime Value Advocacy Referrals
  • 10. ...and here’s how you can use this format to track campaigns: Awareness Interest Consideration Purchase Retention Advocacy Campaign Brand Impressions MUVs / Clicks Customer Database Records Conversion Rate & AOV Lifetime Value Referrals All Campaigns 1,000 100 10 2% / $30 $100 5 Black Friday Email 1,000 60 0 2.5% / $30 $110 1 Refer-a-Friend 200 50 5 3% / $35 $120 2
  • 11. What do each of these steps look like for top- performing companies? 1. Customers 2. AOV 1. Retention 2. Loyalty
  • 12. Why focus on these data points? “You can’t improve what you can’t measure” The Shopper Journey highlights your most important growth levers. Focusing on these metrics allows you to... Stop flying blind Identify growth opportunities Prioritize your time 1 2 3
  • 14. Tracking brand impressions ● Search Impressions ● Retargeting/Media Impressions ● E-mail Opens ● Site Visits ● PR Impressions ● Social Impressions
  • 16. Creative ways to increase monthly uniques Identify lowest performing CTR by channel and optimize copy Social Contests (Selfie to win!) Paid Content Marketing (Taboola / Outbrain) 1 2 3
  • 18. Why track database size? ● Understand the size of your customer and email subscriber lists ● See how fast your audience is growing (average subscribers added per month) Your email subscribers are the audience that you can market to at the lowest variable cost.
  • 19. Creative ways to increase database size Segment your email capture modals for better targeting (~30%+ increase) Offer as much value as possible in exchange for an email address (know CLV) Run Contests & Giveaways (~150%+ increase) 1 2 3
  • 20. Acquiring new customers By the end of year two, top performers acquire 5x more customers every month than their counterparts.
  • 21. Expanding your customer base By the end of year three, top ecommerce companies have a customer base that is 2.5x larger than the next-best group.
  • 23. Why track conversion rate? ● Cart abandon rate has the potential for the biggest immediate impact on revenue. ● Understand what’s important to your customers ● Maximize revenue per visitor ● Don’t get stuck on just this metrics - it can be unprofitable.
  • 24. Average Conversion Rates by Vertical The average eCommerce conversion rate is between 2.5% and 3%. Vertical Average Conversion Rate Vertical Average Conversion Rate Home & Garden 1.98% Office Supplies 3.36% Apparel & Fashion 2.61% Electronics 2.04% Sporting Goods/Outdoors 2.07% Automotive 1.92% Jewelry 1.89% Food/Drug 4.11% Health & Beauty 5.46% Gifts 6.03%
  • 25. Creative ways to increase conversion rate Integrate Personalization Behavioral Targeting, especially on mobile Smart Couponing - beware of open couponing 1 2 3
  • 26. Personalization Example 16% higher conversion rate vs standard modals
  • 27. Behavioral Targeting Example Use mobile only offers to boost conversions Focus on customers connected to wifi
  • 28. Smart Couponing Example Get customers to “work” for a coupon to drive additional value above improved conversions.
  • 29. Case Study Violet Vixen increased mobile conversion rates by 206% with Behavioral Targeting. Rosenberry Rooms increased email captures 29% and online revenue 7%. Berkshire Blanket converted cart abandoners at 67% and boosted total revenue 15%.
  • 30. Why track average order value? ● Higher AOV allows you to spend more on customer acquisition (keeping conversion rate constant)
  • 31. Creative ways to maximize AOV Upsells/cross sells based on what the customer adds to cart Decrease reliance on coupons - hide your coupon code box for certain traffic sources Introduce very high end products - 80 / 20. 1 2 3
  • 32. Case Study Romulus Marketing increased AOV by 20% with a behavioral targeting offer focused on upsells. Get 50% Off Wait! Click here to get another shirt for 50% off Offer ends: 27:30 Close
  • 34. Why track CLV? ● Know how much you can spend on paid advertising and other customer acquisition costs ● Know how much you can offer for referral programs ● Identify your top customers
  • 38. First purchase values Customers that make 4 or more purchases have first order values at least 15% higher than average.
  • 39. Two loyalty metrics 1. Revenue from repeat purchases 2. Time to loyalty
  • 40. Revenue from repeat purchases
  • 41. Time to loyalty Top companies see customers making their 2nd purchase on average twelve days faster than their counterparts.
  • 44. Number of loyal customers
  • 45. Number of loyal customers In year 3, top companies have 13.4k customers making 4+ orders, nearly 5k more than the other three quartiles combined.
  • 46. How to maximize CLV Email marketing / Retargeting Create a strategy for post- conversion customer engagement - not just orders Focus on your VIP customers - your top 10% of customers generate a disproportionate amount of $ 1 2 3
  • 48. Why track your top advocates? ● Advocates create your k-factor / virality. ● Advocates can become your lowest CPA channel and highest LTV generator. ● An established referral marketing channel gives you an unfair advantage.
  • 49. How To Identify Top Advocates Your customers Professional Influencers
  • 50. Creative ways to make the most of your top advocates Create direct relationships Offer a referral program Identify & segment in CRM 1 2 3
  • 51. Referrals by the numbers ● Referred customers are 25% more profitable & 18% more loyal ● 50% of people are more likely to give a referral if offered a direct incentive. (Study from Software Advice) ● People are 4 times more likely to buy when referred by a friend. (Nielsen)
  • 52. Case Study Hanes’ Refer-a-Friend program paid for itself in 2 weeks.
  • 53. Putting it all together... How to integrate data analysis into your workflow
  • 54. RJMetrics CloudBI is a complete analytics platform for online businesses.
  • 56. How to improve your Brand’s Shopper Journey
  • 57. 1. Map your Shopper Journey and aggregate your data
  • 58. Awareness Interest Consideration Purchase Retention Advocacy Campaign Brand Impressions MUVs / Clicks Customer Database Records Conversion Rate & AOV Lifetime Value Referrals All Campaigns 1,000 100 10 2% / $30 $100 5 - Black Friday Email 1,000 60 0 2.5% / $30 $110 1 - Refer-a-Friend 200 50 5 3% / $35 $120 2 … remember this?
  • 59. 2. Pick a focus Identify all of the Shopper Journey metrics that you think you can improve. Then, rank them by: ● Estimated impact ● Dollar investment needed to test ● Time required to build test Choose the test with the biggest estimated impact, taking investment required into consideration.
  • 61. Summary Integrate + analyze your data + move the dials.
  • 62. To learn more about AddShoppers, join an upcoming live demo: AddShoppers.com/live-demo Additional Questions? Follow Up? chad@addshoppers.com @ChadLedford sales@rjmetrics.com @jakestein To learn more about RJMetrics, visit: RJMetrics.com