The New Digital Consumer in a Multi-Device World Presented by Alex - - PowerPoint PPT Presentation

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The New Digital Consumer in a Multi-Device World Presented by Alex - - PowerPoint PPT Presentation

Sep 13, 2022 412 likes •884 views

The New Digital Consumer in a Multi-Device World Presented by Alex Lirtsman Co-Founder/Chief Strategist, Ready Set Rocket Who is the new consumer? Todays new consumer is highly connected and engages with brands across many devices

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The New Digital Consumer 
 in a Multi-Device World

Presented by Alex Lirtsman Co-Founder/Chief Strategist, Ready Set Rocket

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Who is the new consumer?

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Today’s new consumer is highly connected and engages with brands across many devices (mobile, tablet, desktop, wearable) via multiple channels (social, email, web, in- store).

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What is the new customer journey?

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More than a third of visits to online stores now come from mobile devices. In the past four years, the percentage of traffjc to eCommerce sites from mobile devices (phones and tablets) jumped from 3% to nearly 37%.

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Share (%) of eCommerce site visits by device, 2012 – Q1 2014

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Source: Monetate

2.97% 2.41% 0.92%

Mobile Tablet Desktop

$89.52

Mobile

$98.17

Tablet

$97.60

Desktop Conversion Rate Average Order Value eCommerce benchmark data from RSR clients

2.41% 2.97%

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2013 2014 124,000 Users 93,000 Users

245,000 Users 176,000 Users 631,000 Users 731,000 Users

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2014 Conversion Rate .92% Mobile Tablet 2014 Conversion Rate 2.41% 2014 Conversion Rate 2.97% Desktop 2014 AOV $97.60 2014 AOV $89.52 2014 AOV $98.17

Total Revenue
 $2,260K Total Visits of 1,000,000 Total Revenue
 $2,483K

$220K $293K $2,118K $1,829K $145K $201K

Impact of landscape revenue

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2014 2016 200,000 Users 124,000 Users

500,000 Users 245,000 Users 300,000 Users 631,000 Users

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Total Visits of 1,000,000 Total Revenue
 $1,780K Total Revenue
 $2,260K

$293K $1,829K $201K $473K $411K $896K

Futurecasting impact on revenue

2014 Conversion Rate .92% Mobile Tablet 2014 Conversion Rate 2.41% 2014 Conversion Rate 2.97% Desktop 2014 AOV $97.60 2014 AOV $89.52 2014 AOV $98.17

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Mobile eCommerce is now a $40 billion market; an increase from $2 billion in 2010. It’s likely that mCommerce will hit $50 billion in sales in 2014.

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As of Q1 2014, just 12% of customers make purchases on more than one device type. However, these figures represent significant growth — at the beginning of 2012,

  • nly 4% of shoppers had made purchases on more than one

device type.

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Source: Google Think Study in partnership with IPSOS and Sterling Brands. U.S., August 2012

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Consumers take a multi-device path to purchase

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When does the customer journey take place?

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Where is the customer journey taking place?

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eCommerce 2013
 Share of revenue by channel and platform

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App vs. Browser: 
 What’s more important in a customer journey?

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What do customers research during their journey?

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What challenges are brands and marketers running into?

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Mobile devices drive site traffjc, but shoppers mostly purchase on desktops. We see conversion rates on mobile roughly 1/3 of desktop conversion rates.

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eCommerce share (%) of site visits, orders, and revenue 2010 – Q1 2014

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Mobile orders are smaller, while tablet orders keep pace with desktop.

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How do we optimize the customer journey?

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“Half the money I spend on advertising is wasted; the trouble is I don't know which half.” - John Wanamaker

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Source: Google Trends

Lines between offmine and online shopping experiences are blurring

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Outside of cross-device attribution, marketers have to contend with cross-channel attribution

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Cross-device and channel tracking require consistent email address or login capture.

Email

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Use services like Custora and RJMetrics to understand customer lifetime value and optimize against valuable customers across channels.

Business intelligence

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Just say “no” to last click attribution. As 75% of purchases require multiple touch points, assigning credit to the last touch point shows an inaccurate picture.

Model attribution

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It forces you to streamline content and be concise in your messaging and CTAs.

Mobile first

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If you must purchase mobile traffjc, prioritize Apple over others

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If a user comes from mobile and abandons his or her customer journey, have a mechanism in place for re-marketing.

Remarket to a Mobile Consumer

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If it’s an email program, find out when they are most likely to open that email via desktop and resend the email at that point.

Convert a Desktop Consumer

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If it’s a social post, seed content to desktop viewers.

Seed social content to Desktop Viewers or Provide a Mobile Friendly Social Experience

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Questions ?

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