Revisiting the top 20% - Jim Agger - WineDirect

47
Revisiting the top 20%

Transcript of Revisiting the top 20% - Jim Agger - WineDirect

Page 1: Revisiting the top 20% - Jim Agger - WineDirect

Revisiting the top 20%

Page 2: Revisiting the top 20% - Jim Agger - WineDirect

2013-2015

Over 9 million transactions

Across 1200+ winery websites

$1.79 Billion in sales

Page 3: Revisiting the top 20% - Jim Agger - WineDirect

89% of all sales.

Through 2015

Page 4: Revisiting the top 20% - Jim Agger - WineDirect

What makes the top 20% so

special?

Page 5: Revisiting the top 20% - Jim Agger - WineDirect

Do they have an unfair

advantage?

Page 6: Revisiting the top 20% - Jim Agger - WineDirect

Case production?

Big Scores?

High Bottle Price?

Location?

Demographic focus?

Page 7: Revisiting the top 20% - Jim Agger - WineDirect

Source: Pando.com

Page 8: Revisiting the top 20% - Jim Agger - WineDirect

Source: Pando.com

So what does the

data tell us?

Page 9: Revisiting the top 20% - Jim Agger - WineDirect

Purchases on Mobile in 20152014 2015

top bottom

Average email list size.

4X larger

Page 10: Revisiting the top 20% - Jim Agger - WineDirect

2013 2014 2015

bottom top

$100 more

Average Order Value.

Page 11: Revisiting the top 20% - Jim Agger - WineDirect

75% more

Top 20 Bottom 800.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

Shipping as a % of sales

50% less

Page 12: Revisiting the top 20% - Jim Agger - WineDirect

Email list is 4x largerAOV is $100 more

Shipping is 50% less

How is the top 20% different?

Page 13: Revisiting the top 20% - Jim Agger - WineDirect

What does the data show us?

Page 14: Revisiting the top 20% - Jim Agger - WineDirect

2015

89% of all sales.

Page 15: Revisiting the top 20% - Jim Agger - WineDirect

46 wineries 2X’decom sales in 2015.

Page 16: Revisiting the top 20% - Jim Agger - WineDirect

..up by 130%

Page 17: Revisiting the top 20% - Jim Agger - WineDirect

How did they

double?

Page 18: Revisiting the top 20% - Jim Agger - WineDirect

1) Focused on user experience

Page 19: Revisiting the top 20% - Jim Agger - WineDirect

Focus On Experience

Page 20: Revisiting the top 20% - Jim Agger - WineDirect

Responsive Design

Page 21: Revisiting the top 20% - Jim Agger - WineDirect

Desktop Mobile Tablet

Traffic is Mobile in 2015

35%

Page 22: Revisiting the top 20% - Jim Agger - WineDirect

#mobilegeddon

Page 23: Revisiting the top 20% - Jim Agger - WineDirect

Source: marketingland.com

Page 24: Revisiting the top 20% - Jim Agger - WineDirect

Not Forced to Create An Account

Page 25: Revisiting the top 20% - Jim Agger - WineDirect

The Experience Doesn't Endat Checkout

Page 26: Revisiting the top 20% - Jim Agger - WineDirect

Order Confirmation

Page 27: Revisiting the top 20% - Jim Agger - WineDirect

Order Has Shipped

Page 28: Revisiting the top 20% - Jim Agger - WineDirect

Order Delivery Date

Page 29: Revisiting the top 20% - Jim Agger - WineDirect

Delivery Exception

Page 30: Revisiting the top 20% - Jim Agger - WineDirect

Real-time Shipment Redirect

Exclusive

Page 31: Revisiting the top 20% - Jim Agger - WineDirect

SMS Messaging

Page 32: Revisiting the top 20% - Jim Agger - WineDirect

How did they double?

Page 33: Revisiting the top 20% - Jim Agger - WineDirect

2) Used offline to drive online sales.

Page 34: Revisiting the top 20% - Jim Agger - WineDirect

Action Emails

Page 35: Revisiting the top 20% - Jim Agger - WineDirect

Offline to Online, a case study

$2,500 in net new ecom sales

63% opened, 7.5% converted

89 emails captured and sent.

89 TR Transactions ($7500).

Page 36: Revisiting the top 20% - Jim Agger - WineDirect

What’s the value of an action email…TR Transactions/ Day 50email Capture Rate 50%Action email Sent 257.5% Conversion rate 1.875AOV $318

Net New eCom Sales (day) $ 596.25

New Sales, Annualized $ 131,175.00

Page 37: Revisiting the top 20% - Jim Agger - WineDirect

Email receipts are appealing to 41% of consumers

No Yes

41%

Page 38: Revisiting the top 20% - Jim Agger - WineDirect

3) Loyalty Programs

Page 39: Revisiting the top 20% - Jim Agger - WineDirect

Shipping Incentives

Source: UPS Pulse of the Online Shopper Report 2014

Page 40: Revisiting the top 20% - Jim Agger - WineDirect

Shipping Incentives

58%

31%

Will add items to cart to qualify for free shipping.

Will join a loyalty program to qualify for free shipping.

Source: UPS Pulse of the Online Shopper Report 2014

Page 41: Revisiting the top 20% - Jim Agger - WineDirect

$19.99 $21.99 $24.99 $29.99

20% off Equivalent

You can do it!

Page 42: Revisiting the top 20% - Jim Agger - WineDirect

Loyalty Programs

Page 43: Revisiting the top 20% - Jim Agger - WineDirect

Does it work? Yup.

Y e a r l y A v g B e fo r e 4 6 B r i x 1 2 M ont h s B e for e 4 6 B r i x A ft e r Jo i n ing 4 6 B r i x0

500

1000

1500

2000

2500

3.74 X Growth

Page 44: Revisiting the top 20% - Jim Agger - WineDirect

User ExperienceOffline to Online

Loyalty Programs

How did the new entrants double?

Page 45: Revisiting the top 20% - Jim Agger - WineDirect

Email list is 4x largerAOV is $100 more

Shipping is 50% less

How is the top 20% different?

Page 46: Revisiting the top 20% - Jim Agger - WineDirect