01-12-2016 Project Updates

13
Marketing Projects KRISTINE MARSHALL JANUARY 2016

Transcript of 01-12-2016 Project Updates

Page 1: 01-12-2016 Project Updates

Marketing ProjectsKRISTINE MARSHALL

JANUARY 2016

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Daily Deal: RetentionExtreme bounce increase correlates to heavy featuring of expiring SKUs

Bounce decrease correlates to start of 3 deals per daySessions increase (equally

new & old visitors) leads up to Black Friday peak

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Daily Deal: Conversions

Seasonal low correlates to overall site traffic & conversion lows around Christmas

Consistently high conversion rates lead to 1% growth in 12-week average

1% growth over previous period

Similar to previous period

Similar to previous period

Similar to previous period

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Daily Deal: House ProductsComparative performance: 0.06 sales of other deals

If deals sell 100/day, a day featuring a house product will sell 6. On average, lower house product pricing does not increase sales.

Possible causes:● Lack of brand awareness● Perception of low value● Poor previous experience

Product lines featured:1. BONIES2. Joint Treats3. Chickles4. Duckles5. Ora-Clens6. Otis & Claude7. Resvive8. ChloraSeb9. Shed-Pro

10. TranQuil-Tabs11. Urinaise12. PHS First Aid Kit

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Fanplayr: PerformanceClosely matched revenue & transactions mean consistent AOV

Less affected by seasonal lows around Christmas than other upsell strategies

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Fanplayr: New StuffImprovements:

● Excluding affiliate-driven conversion from monthly invoices

New developments:● Modals● Content insertion● Customized experiences

Plans coming up:● Free shipping to California (may be product-specific, e.g. food)● Valentine’s Day offer (if no conflict with Newsletter)

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Short Expiration: Management Improvements

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Short Expiration: Management ImprovementsAdded:

● 50% of formulas now auto-populate, saving time & reducing error● Sales forecasts based on demand● Loss forecasts based on demand● Adaptive forecasts based on changes in demand after expiration promotion

Next step:● Create action recommendation to address SKUs with demand loss

Wish:● Create “intelligent” formula to correctly manage sales of SKUs with multiple expiration dates● Create new discount levels based on customer behavior data from Daily Deal & stores● Differentiate discounts by product type to account for value perceptions

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Short Expiration: Reporting Improvements

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New Year Store: Holiday-only ItemsConsiderations:

● All SKUs marked down to 20-30% margin

Observations:● Holiday loofas & hedgehogs popular

despite seasonal design● Holiday plushes & stockings unpopular● Holiday whimzees & candycane rawhides

very popular

Recommendations:1. Continue selling holiday treat SKUs at

regular pricing

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New Year Store: Overstock & Normal ItemsConsiderations:

● Heavy markdown on overstock only

Observations:● SKUs with demand increase match SKUs

with decrease or no change

Recommendations:1. Lower sale price for SKUs with large

performance increase2. Test SKUs with decreased sales as

features with no promotion3. Investigate trends (e.g. type, size, color

brand) for each grouping

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New Year Store: Short Expiration ItemsConsiderations:

● No extra markdown applied● Short expiration already has its own

feature page

Observations:● Demand increase across the board● Store differs from short exp page layout

Recommendations:1. Test different page layout for short exp2. Decrease markdown on popular SKUs

already projected to sell out

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ReviewDaily Deal

● Expansion correlates to decreased bounce rates● Growth continues steadily

Fanplayr● Consistent performance● Opportunities to try new things

Short expiration● Improving management & reporting● Laying foundation for more intelligent management

New Year Store● Customer behavior data gives insight into how to improve performance● Sales data will apply to improve sales during future promotions