Key trends in consumer retail behaviour and a framework how to address them. What is happening at the intersection of in-store, ecommerce, mobile and social? 3 cyber consumer features - Connected, Tribal and In a Rush, 5 pains - physical blindness, information overload, choice overload, being part of the tribe and friction burns. 5 balms - tangibility, relevance, filters, tribal channels and frictionless user experiences. Talk given at Cogent Elliott in Birmingham.
23. TALK IN THEIR CHANNELS
What I
cyber
think
Facebook
Feed
Mobile &
SMS
Apps
Blogs
Online
Communities
Other social
media channels
TV & Film
Above the line
advertising
Direct
advertising
Google
Youtube
Shop
Window
24. SPEND ON THEM
In the US Digital Marketing averages 2.5% of revenue (Gartner
2013)
P&G now allocates 35% of marketing spend to digital (AdAge)
Most retailers think 30-40% is the ceiling for ecommerce.
(JDA.com) It currently stands at around 11%.
M-commerce conversion rates jumped from 1.27% to 2.03% in
the year to June 2013 (internetretailing.net)