- Identify top trends and predictions
- Timeline for when merchants should start preparing for Black Friday
- What specific strategies and tools merchants need to think about and what they should using
- How merchants can optimize the tools they already have
Some Key Takeaways:
In today’s online shopping environment, shoppers buy all year-’round. They don’t wait for November. So, your strategy needs to take that into account. How will shoppers engage in April as well as November?
No Such Thing as Perfect
If you are trying to build perfection, you will undoubtedly fail. Focus on doing what is right for the shopper and through that, you will do what is right for the business. Along the way, you will learn that what you thought was “perfection” is likely far from it.
What to Do About Headwinds in the Market
Rising inflation, continued supply chain disruption, lower traffic – all these issues can bog down strategy and optimism. Since supply chain issues aren’t going away any time soon, this is the time to over order and, most definitely, over communicate with customers. Communication goes a long way in alleviating pain presented by these macro challenges. Simple tactics include sending an email when out of stock items are back in stock and setting expectations for customers.
Shop Your Own Site
This is such a smart point made by the panel! And, if you can’t shop your own site because you know too much, ask family and friends to take the site for a spin. You will learn quickly where areas of improvement lie. This type of “secret shopping” has a major impact on the shopper experience.
Audit Your Site
Similar to asking someone to use your site, you should also audit your site and tech stack to find gaps in experience and performance. This includes everything from SEO to shipping from site search to user-generated content.
While personalization is not a “new” trend, its technology is advancing quickly. Personalization tools enable you to understand customer’s behavior in more granular detail so you can help them discover more of what you have to offer. While your business rules might have gotten you this far, they won’t take you the rest of the way.
“Remember Your Credit Card Number”
Seriously! It’s too many numbers! The point being, the checkout process needs to be simple and iron-clad. This is all about performance. How fast and enjoyable can you make the shopping experience? Never let shoppers say “What?!”