Let Jessops survive online

The retail world was again hit with more doom and gloom on Wednesday, as it was announced that the troubled photography chain Jessops had gone into Administration. Having managed to avoid a similar situation in 2009, when its bank HSBC swapped debt for equity, the Administrators were called in as Jessops became the first large retailer of 2013 to topple. However today things went from bad to worse as PWC closed all the stores and put the following holding message up on the website:

Customer Notice

The Jessop Group Limited (in Administration)
Edward Williams, Robert Jonathan Hunt and Matthew David Hammond of PwC were appointed as joint administrators of The Jessop Group Limited on 9 January 2013. With effect from 11 January 2013, Jessops online and retail stores have ceased trading.

A gloomy forecast for the year ahead, as well as increasing completion from online traders, has been given as the cause. But is there still life in the Jessops brand and proposition?

I hope so. As a previous customer in the store, I found it to be a really positive shopping experience, staffed with friendly and knowledgeable people.

As a Multi-channel retailer, with a presence on the High Street and online, it may well not survive. However as an online could surely be some possibility that it continue:

1. The brand still exists in the hearts and minds of its customers
2. The domain name still has a lot of clout online

As of today (according to alexa.com), the domain jessops.com had::

• A global ranking of: 17,441
• A GB ranking of: 472
• And 1,682 in-bound links

Although it may not be possible, the best thing to do right now to preserve the integrity of the online brand is to bring the website back. Shutting the eCommerce site has not only stopped visitors looking at the available products (you stopped being able to buy them on Wednesday) but is slowly ruining the online credibility of a once successful site.

Or to put it another way... even if the Administrators redirected the URL to the Cameras landing page on amazon.co.uk via an affiliate arrangement, they would still get around 5% of every subsequent sale!

Still doing basic online attribution?

Online attribution? Well, imagine you have a transactional website and you didn't know which digital  channel was responsible for each of your goals or conversions (e.g. sales) . Finding a way to 'attribute' specific actions to specific marketing channels gives you a better understanding of how and where to spend your budget.

Currently a lot of website analysts and digital marketers apply a ‘last click wins’ approach  to measuring goals. This is where the last channel used gains all the credit for the acquisition (this could be: an online advert such as Google’s AdWords, a paid for link on a partner website, a targeted email, a review site looking to get affiliate revenue for a referral, or a listing in search engines , etc.).
Why do they do this? Well it is what your typical online analytics tools provide you out of the box and therefore it easy to understand and manage.
Note: Others actually apply a 'first click wins', which means awarding conversions to clicks that have not actually produced conversions... or in other words, not rewarding the last channel that did!

However some sites are now applying slightly more complex attribution models, to try to give some credit to the overall purchasing process and not just one click. Some apply an equal weighting to all the known/recorded‘ touch points’ or alternatively and with slightly more complexity they apply a simple gradual increased weighting up to the moment of purchase. These methods of equal attribution and escalating attribution both have their plus points (they are quite simple to measure and calculate) and their drawbacks...with the obvious caveat being that none is really a true picture of the value added by each online customer interaction.

The benefits of building an affiliate network

Here's another video in my series on the basics of eCommerce. I now cover the benefits and possible drawbacks of using affilate marketing for eCommerce.

The digital conversion toolkit

Following up on my two recent posts on the cusotmer aquisition path, including the digital PR toolkit and the digital marketing toolkit, I thought I would complete the series with this one on online conversion.

Note:
My prompt to complete this posting was ceated by my arrival of the new O'Reilly book 'Conversion Optimization' which I have to review ASAP.

Digital conversion tools are those methods you would use to turn viewers into customers, browsers into buyers, lookers into bookers... and the customer acquisition cycle would not be complete without them.

Here's a breakdown of the tools you can use off-site

User Journey Optimisation:
From creating a usable way for customers to put products into their shopping basket, through to a seamless checkout/payment experience, the efficiency of the interface is key. I guess this is a pretty big subject in itself and just a footnote in this posting does not do it justice. However, suffice to say, if you're not optimizing your user journey to increase conversions on your website... then you probably need to take a good hard look at why you're doing this in the first place!

A/B & Multivariate Tools
Using tools that allow you to use and compare two or more different set of content, imagery or layout are now common practice on large eCommerce websites. Its a way to check what wording or template is leading to better sales very quickly and enables site to find what's working better, quicker. And furthermore.... do you want a way for your website to automatically improve your purchase ratio without actually doing any further fancy technical coding? Then consider using Google Optimiser, which is a dynamic multi-variate testing website tool that plugs into Google's Pay-Per-Click and Analytics functionality.

Feedback
Yes, I know its old-hat compared to what I've just described, but asking customers for their views on your website (e.g. the layout, etc.) is a basic but assured way of getting ideas on what aspects of your site aren't optimal.

Search & Social Marketing
Why have I put this lots into a posting about conversion when search and social marketing aim to get customers into your website and not through it? Simple!
If there are specific keywords that visitors type into search engines that means they then far more likely to go on  and spend money on your site, are those ones worth focusing on rather than the ones that just get loads of traffic that lands, takes a look and then disappears to the next site? And if there are images in your Facebook adverts that do the same thing.... shouldn't you be looking more closely at these ones?
Note: Affiliate marketing campaigns tend to convert the highest out of all. But I'll leave this subject for another day

eCRM
Now this means a lot of different things to different people and again deserves more than a few lines here. But online CRM or eCRM as its know (usually centred around email marketing and its integration with the target website) is a powerful tool to ensure that you identify, communicate with and convert customers as efficiently and effectively as possible.
Note: I'm sure I'll follow this posting up with more eCRM stuff in the future

Email
Do you know that targeted emails can produce a far higher conversion rate that organic or pay-per-click visitors? Yes, simple old email is still one of the most effective means of securing a sale online, assuming you don't bombard your recipients with messages and your email can get users to the site in the first place.

On-site:

Content
Unless your products are available everywhere (in which case they are probably highly commoditised and therefore you're probably aware of all that I'm describing and more) then you should take every chance to communicate to your customers what your products are all about. Aside from the SEO benefits of great content, customers do tend to need  encouragement and you also need to clearly explain things such as your delivery options, returns policy and trading terms & conditions.

Analytics
Sure.... analytics won't give you instant conversion improvement, but acting on what you find and analyse really can do. If you're still not using analytics to understand customer behaviour and map that all-important transaction funnel... then I recommend you do so immediately.

Personalisation
Delivering personalised content on new sites is one thing, but providing recommendations based on what a user has previously looked at or bought is a very sensible way to encourage them to purchase. Obviously the more you can then provide relevant suggestions (perhaps even based on what friends have bought), the better your eCommerce operation could be working.

In short.... make sure everything on your site is working as hard as it can to turn visitors into customers.