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MERGING BRICK & MORTAR AND DIGITAL Cherie Edilson - CEO/Co-Founder of ShopWhereILive.com

MERGING BRICK & MORTAR AND DIGITAL · 2019-10-24 · Analysts predict that e-commerce penetration is set to reach 25% in the next seven years, forcing retailers to shut thousands

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Page 1: MERGING BRICK & MORTAR AND DIGITAL · 2019-10-24 · Analysts predict that e-commerce penetration is set to reach 25% in the next seven years, forcing retailers to shut thousands

MERGING BRICK & MORTAR

AND DIGITALCherie Edilson - CEO/Co-Founder of ShopWhereILive.com

Page 2: MERGING BRICK & MORTAR AND DIGITAL · 2019-10-24 · Analysts predict that e-commerce penetration is set to reach 25% in the next seven years, forcing retailers to shut thousands

Analysts predict that e-commerce penetration is set to reach 25% in the next seven years, forcing retailers to shut thousands of stores.

Amazon is going to kill more

American jobs than China did

Merging Brick & Mortar and Digital

Page 3: MERGING BRICK & MORTAR AND DIGITAL · 2019-10-24 · Analysts predict that e-commerce penetration is set to reach 25% in the next seven years, forcing retailers to shut thousands

EVERY 50 YEARS OR SO, RETAIL UNDERGOES A DISRUPTION

Merging Brick & Mortar and Digital

Page 4: MERGING BRICK & MORTAR AND DIGITAL · 2019-10-24 · Analysts predict that e-commerce penetration is set to reach 25% in the next seven years, forcing retailers to shut thousands

Merging Brick & Mortar and Digital

Page 5: MERGING BRICK & MORTAR AND DIGITAL · 2019-10-24 · Analysts predict that e-commerce penetration is set to reach 25% in the next seven years, forcing retailers to shut thousands

Merging Brick & Mortar and Digital

Page 6: MERGING BRICK & MORTAR AND DIGITAL · 2019-10-24 · Analysts predict that e-commerce penetration is set to reach 25% in the next seven years, forcing retailers to shut thousands

Merging Brick & Mortar and Digital

Page 7: MERGING BRICK & MORTAR AND DIGITAL · 2019-10-24 · Analysts predict that e-commerce penetration is set to reach 25% in the next seven years, forcing retailers to shut thousands

Each wave of change doesn’t eliminate what came before it... but it reshapes the landscape and redefines consumer expectations, often beyond recognition.

Merging Brick & Mortar and Digital

Page 8: MERGING BRICK & MORTAR AND DIGITAL · 2019-10-24 · Analysts predict that e-commerce penetration is set to reach 25% in the next seven years, forcing retailers to shut thousands

Merging Brick & Mortar and Digital

A dream come true for the shopper:• Vast selection• Easy price comparison• Convenient • Free delivery and returns• Product reviews and recommendations• Special offers and deals

E-COMMERCE DISRUPTION

Page 9: MERGING BRICK & MORTAR AND DIGITAL · 2019-10-24 · Analysts predict that e-commerce penetration is set to reach 25% in the next seven years, forcing retailers to shut thousands

THE AMAZON EFFECTThe Amazon effect has introduced consumers to an almost completely frictionless shopping process, with near-immediate results.

Online and offline retailers are almost forced to compete with the bar that has been set.

Merging Brick & Mortar and Digital

Page 10: MERGING BRICK & MORTAR AND DIGITAL · 2019-10-24 · Analysts predict that e-commerce penetration is set to reach 25% in the next seven years, forcing retailers to shut thousands

ANALOG RETAILERSLive and die with changes to

in-store sales

NEW RETAILERSUnderstand today's customers and blend in-store and online

retailing methods

Merging Brick & Mortar and Digital

Page 11: MERGING BRICK & MORTAR AND DIGITAL · 2019-10-24 · Analysts predict that e-commerce penetration is set to reach 25% in the next seven years, forcing retailers to shut thousands

Merging Brick & Mortar and Digital

DIGITAL RETAILING TOOLSBusiness Websites

Marketplace Websites

Social Media

Search & Directories

Email Marketing

Loyalty Programs/Text Marketing

Mobile Geo-Targeting

Page 12: MERGING BRICK & MORTAR AND DIGITAL · 2019-10-24 · Analysts predict that e-commerce penetration is set to reach 25% in the next seven years, forcing retailers to shut thousands

BUSINESS WEBSITES● 46% of American small businesses do

not have a website○ Too Small○ Too Expensive○ Too Technical

● Free & DIY Website Builders● E-Commerce Specific Builders

Merging Brick & Mortar and Digital

Page 13: MERGING BRICK & MORTAR AND DIGITAL · 2019-10-24 · Analysts predict that e-commerce penetration is set to reach 25% in the next seven years, forcing retailers to shut thousands

MARKETPLACE WEBSITESSell Goods on Other Platforms

Merging Brick & Mortar and Digital

Page 14: MERGING BRICK & MORTAR AND DIGITAL · 2019-10-24 · Analysts predict that e-commerce penetration is set to reach 25% in the next seven years, forcing retailers to shut thousands

SOCIAL MEDIA

Merging Brick & Mortar and Digital

● Meet customers where they spend time

● Link to online shop/products

● Shoppable posts

● Comment Sold

● Live video selling

● Video tours of in-store products

● Direct engagement

● Get to know what makes you special

Page 16: MERGING BRICK & MORTAR AND DIGITAL · 2019-10-24 · Analysts predict that e-commerce penetration is set to reach 25% in the next seven years, forcing retailers to shut thousands

SEARCH & DIRECTORIESCreate or update a Google My Business page with details like address, phone numbers and store hours.

Ensure your customers leave good reviews to rank higher in Google business pages.

Yelp, Bing Maps, Yellow Pages, etc.

Merging Brick & Mortar and Digital

Page 17: MERGING BRICK & MORTAR AND DIGITAL · 2019-10-24 · Analysts predict that e-commerce penetration is set to reach 25% in the next seven years, forcing retailers to shut thousands

How to Survive and Thrive in an E-Commerce World

EMAIL MARKETING

Page 18: MERGING BRICK & MORTAR AND DIGITAL · 2019-10-24 · Analysts predict that e-commerce penetration is set to reach 25% in the next seven years, forcing retailers to shut thousands

LOYALTY PROGRAMS &TEXT MARKETINGCapture (and keep) the attention of both

new and existing customers through text

and mobile rewards.

Merging Brick & Mortar and Digital

Page 19: MERGING BRICK & MORTAR AND DIGITAL · 2019-10-24 · Analysts predict that e-commerce penetration is set to reach 25% in the next seven years, forcing retailers to shut thousands

LOCAL & GEOTARGETING

Merging Brick & Mortar and Digital

Delivering content to a user

based on his or her geographic

location.

Page 20: MERGING BRICK & MORTAR AND DIGITAL · 2019-10-24 · Analysts predict that e-commerce penetration is set to reach 25% in the next seven years, forcing retailers to shut thousands

Today’s consumer will script their own journeys across the multiple channels and touchpoints, and every one of them matters.

Merging Brick & Mortar and Digital

MULTI-CHANNEL VS.

OMNI-CHANNEL RETAILING

Page 21: MERGING BRICK & MORTAR AND DIGITAL · 2019-10-24 · Analysts predict that e-commerce penetration is set to reach 25% in the next seven years, forcing retailers to shut thousands

TELLING YOUR STORY IS AS IMPORTANT AS THE PRODUCTS YOU SELL

WHEN YOU CAN'T COMPETE ON PRICE, COMPETE ON VALUE

ENGAGE YOUR CUSTOMERS TO HELP TELL YOUR STORY

KNOW YOUR CUSTOMERS AND GO WHERE THEY ARE SHOPPING

Merging Brick & Mortar and Digital

HOW TO SURVIVE THIS RETAIL DISRUPTION

Page 22: MERGING BRICK & MORTAR AND DIGITAL · 2019-10-24 · Analysts predict that e-commerce penetration is set to reach 25% in the next seven years, forcing retailers to shut thousands

HOW TO THRIVE

Find a Niche Become a DestinationLeverage Technology Have a Social Mission Work Together

Merging Brick & Mortar and Digital

Page 23: MERGING BRICK & MORTAR AND DIGITAL · 2019-10-24 · Analysts predict that e-commerce penetration is set to reach 25% in the next seven years, forcing retailers to shut thousands

Merging Brick & Mortar and DigitalMerging Brick & Mortar and Digital

Retail Apocalypse?

Page 24: MERGING BRICK & MORTAR AND DIGITAL · 2019-10-24 · Analysts predict that e-commerce penetration is set to reach 25% in the next seven years, forcing retailers to shut thousands

Merging Brick & Mortar and Digital

Retail stores that are no longer relevant die.

Innovators who transform replace them.

There is no apocalypse … retail is transforming

Page 25: MERGING BRICK & MORTAR AND DIGITAL · 2019-10-24 · Analysts predict that e-commerce penetration is set to reach 25% in the next seven years, forcing retailers to shut thousands

Contact InformationCHERIE EDILSONCEO/Co-Founder

ShopWhereILive.com

[email protected]

EMAIL ADDRESS

PHONE NUMBER319-423-9967

Merging Brick & Mortar and Digital