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AGENTS OF CHANGE Living and loving the communication revolution. Rhys Hayes Retail Strategies

Online Strategies Fro Retailers 1.0

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This presentation was delivered at the Sensis theater for AIMIA Victoria. The presentation covered key strategies for building a successful online strategy- focusing on traditional/establish retailers.

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Page 1: Online Strategies Fro Retailers 1.0

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AGENTS OF CHANGE Living and loving the communication revolution.

Rhys Hayes

Retail Strategies

Page 2: Online Strategies Fro Retailers 1.0

The Newspaper Business

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Me Devices Content Aggregators

Content Creators

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What can we learn from their mistakes?

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Your Retail Store Front

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Your Digital Store Front

Your competitors

Can you spot the difference?

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Standard retail offer

Compare and review

The very latest, first!

Massive savings

Special needs

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Me Ways to buy

ProductAggregators

Product Manufacturers

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Your Digital Store FrontYour competitors

How can we differentiate and create value in a world filled with choice?

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Four Steps Getting on the right track

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You’ve got to be there Get your products online and indexed

Step One (of Four)

1. Power your online product database with your core inventory/product management system.

2. Get your product data and content up to scratch (images, descriptions)

3. At all costs put a price on it

4. Meta data (learn to worship it)

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Get the right foundations: Well supported, well adopted software platforms

Step Two (of Four):

Getting the right mix:

1. Don’t go with the agencies proprietary CMS

2. Open source or .Net - its your call.

3. Make sure it has a well supported developer community....

4. Make sure plenty of other people are using it

5. Integration: the API is the key...

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Follow the rules: Attract, engage, convert, retain

Step Three (of Four)

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Follows the rules: Attract

-Social media strategy

- Display advertising media buy

- Search strategy (SEM, SEO)

- Integrating your offline / traditional strategy

- Enabling your retained evangelists

- Partnership

Step Three (of Four)

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- Give me what I want! and then some!

- It all starts with great products

- Then great shopping tools

- Then great community tools

- Then continuos improvement

(you’ll find the answers to your continuous improvement strategy in your analytics data)

Follows the rules: Engage

Step Three (of Four)

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- Worship thy conversion funnel

- Analyse, track and constantly improve

Follows the rules: Convert

Step Three (of Four)

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- If a bird in the hand is worth two in the bush, then a qualified customer on your CRM is worth 10 that aren’t

- Build a community around the brand by enabling your product evangelists

- Build a communications strategy around personalisation

Follows the rules: Retain

Step Three (of Four)

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Now differentiate: It’s time to deliver on the brand promise

“Mighty Helpful”

“eee-easy”“lowest prices guaranteed”

“No other store”“Service, advice and the right price”

“pay less, pay cash”

“.... is MY store”

Step Four (of Four)

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1. You’ve got to be there: Get your products online and indexed

2. Get the right foundations: Well supported, well adopted software platforms

3. Follows the rules: Attract, engage, convert retain

4. Now differentiate: It’s time to deliver on the brand promise

The Four Key Steps:

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