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• We encourage you to use the Chat feature to get
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• Feel free to ask questions throughout the
meetup using the Chat or Q&A features
• This meetup is being recorded and will be shared
later today
WELCOME
Amy Zobec
Shopify Plus
Lucinda Bauermeister
Facebook | Instagram
Daniel Peacock
Skinmart & GLO Skin Body
YOUR SPEAKERS
WELCOME
Amy Zobec
Shopify Plus
Today’s Agenda
1. Introduction
2. Black Friday Cyber Monday 2020 trends
3. Holiday offers and deal structures
Introduction
Where are you from? Now based in Sydney, grew up on
the South Coast (Jervis Bay).
Amy Zobec
What I’m looking to buy during BFCM? A new dress for
summer. At the moment I love Aje, Assembly and St.
Agni, all Shopify merchants.
How long have you been with Shopify? Coming up to 2
years.
IMAGE
01 Black Friday Cyber Monday 2020
Trends
2020 Changed Commerce
Consumer shopping predictions
95%of the brands we surveyed expected
consumers to make more purchases
online this year, instead of in-store.
86%of brands expect online purchases
this year to exceed the number of
online purchases made during the
same period in 2019.
Data in this report is based on research conducted by Shopify’s Market Insights team. Research data was collected via an online survey among
Plus merchants (n=165) between August 27 and September 4, 2020.
- Shopping earlier
- Value over price
Two key trends that may
impact BFCM this year:
Consumer shopping predictions
SHOP LOCAL IMAGE
66%US shoppers say they plan to
shop at local small businesses
this holiday season
30%Of consumers have purchased
from brands they’ve never thought
to buy from
Consumer shopping predictions
Data from Justin De Graaf (Google) September 2020
Holiday 2020
Cancelled
Different
Authenticity is
the differentiator
this BFCM
Participation in BFCM
Data in this report is based on research conducted by Shopify’s Market Insights team. Research data was collected via an online survey among Plu
merchants (n=165) between August 27 and September 4, 2020.
Think about what
you are using
BFCM for this
year?
Participation in BFCM
02 Holiday Offers & Deal Structures
Among brands surveyed who participated in BFCM last year
and plan to participate this year.
VIP Access
Create moments of delight
Discounts:
Ethical Discounts
Discounts:
Bundles &
Bogos
Consider bundling dead or dying
stock with top selling stock in a
capsule wardrobe, a ‘buy the look’
bundle or a ‘free gift’ offer in order
to spread the margin losses across
the order.
Bundles
Buy one, get x offers have proven to
be extremely successful during
large sale periods for a large
number of Shopify merchants.
Bogos
Discounts:
Timed discounting
(discount gets smaller
over time)
Discounts:
Gift with
purchase
Discounts: Tiered discounting
WELCOME
Lucinda Bauermeister
Facebook | Instagram
Winning Cyber
Weekend with
Facebook + Instagram
Lucinda
Bauermeister
Client Solutions Manager
Digital Disruptors,
facebook/instagram
WHAT
WE’LL
COVER
SCHEDULING
MACHINE LEARNING
TARGETING
CREATIVE
1
2
3
4
SCHEDULING
SCHEDULING
THE BASICS.
DATES + TIMES DISCOVERY COST LEARNING PHASE
Consider how long it will actually take to set up your campaigns, ad sets
and ads
Volume is at an all-time high during this period, so allow time for your ads
to go through review (this can take up to 6 hours!)
We recommend setting up your campaign 24-48 hours before your
intentional ‘Live’ date
SCHEDULING
HAVE YOU EVER PURCHASED SOMETHING
YOU DIDN’T KNOW YOU NEEDED?
Facebook and Instagram are discovery platforms, meaning it’s much easier to
inspire an unintentional purchase or trigger a subconscious need via our platforms
By going early, you can get ahead of the pack and capture consumers’ share of
wallet before your competitors
DATES + TIMES DISCOVERY COST LEARNING PHASE
SCHEDULING
WHEN IS THE BEST TIME TO
GO LIVE?
We recommend going live with your Cyber Weekend campaigns on Monday or
Tuesday and scheduling them up until the following Thursday or Wednesday
CPMs are notoriously high over Cyber Weekend, as not only are you competing
with your local competitors, but international too. Earlier = cheaper
DATES + TIMES DISCOVERY COST LEARNING PHASE
SCHEDULING
WHAT IS THE LEARNING PHASE
AND HOW WILL IT AFFECT ME?
The learning phase is the period when the delivery system still has a lot to learn
about an ad set; it needs this time to collect data in order to understand how to
effectively deliver your ads. During learning, the budget is spent on learning
and not achieving your optimisation goals
During learning, CPAs are unstable; anything you do to your campaign, ad set or
ad while it’s live will re-trigger learning
DATES + TIMES DISCOVERY COST LEARNING PHASE
MACHINE
LEARNING
The Four Commandments
MACHINE LEARNING
BROAD AUDIENCES PLACEMENTS STRUCTURE BUDGETS
COMMANDMENT 1
Always use broad audiences
WHY
We have access to trillions of signals
via the pixel; allow our machine
learning to connect the most
relevant users to your business at
the lowest cost possible
MACHINE LEARNING
COMMANDMENT 2
Always use Automatic Placement;
Bonus points for Asset Customisation
WHY
Advertisers can become obsessed
with single-placement efficiencies;
this will drive your CPA up over time.
Take the assumption out of buying
and allow machine learning to
deliver your ads in the placements
that drive the best efficiencies
BROAD AUDIENCES PLACEMENTS STRUCTURE BUDGETS
MACHINE LEARNING
COMMANDMENT 3
Keep things simple!
WHY
Buy on 2 or 3 campaigns maximum.
Think 1x reach, 1x conversion and
1x catalog sale – that’s it! It will help
speed you through learning and
scale faster
BROAD AUDIENCES PLACEMENTS STRUCTURE BUDGETS
MACHINE LEARNING
COMMANDMENT 4
Use Lifetime Budgets
WHY
Assigning a lifetime budget will allow
the system to pace evenly and allow
you to scale your investment up or
down more efficiently
BROAD AUDIENCES PLACEMENTS STRUCTURE BUDGETS
TARGETING
TARGETING
Your approach to targeting on
Facebook and Instagram during Cyber
Weekend should be broken down into
two personas
TARGETING
Existing Elliott, 36
About Me
• I know who you are and what you stand
for as a brand
• I know I’m getting a good deal when you
go on sale
• I’m already bought into your brand
• To target me, use Web Custom
Audiences, your 1st
party data, and
engagement targeting via Ads Manager
New Neil, 38
About Me
• I don’t know anything about your
category
• I’m unsure if the incentive you’re
offering is good value
• I already have a favourite brand in your
category
• To target me, use Broad Audiences and
Lookalike Audiences based on previous
purchases or your EDM database
Motivation-Led
CREATIVE
At a certain point,
business growth
can slow.
It becomes harder to find new customers.
POTENTIAL
CUSTOMERS
I LOVE
SODA
I LOVE
SODA
I LOVE
SODA
I LOVE
SODA
I LOVE
QUALITY
THE STORE
IS CLOSE BY
I LOVE
THIS ONE
FLAVOR
I LOVE
ORGANIC
FLAVORS
Eventually, we exhaust that
high-intent audience
How do we reach new
customers? AD
And use those motivations to inspire more
persuasive creative.
Consider what motivates different
audiences
"There won't be a
flavor for me"
BARRIER
Theme: Wide Selection
"Why buy soda online when there's a store
around the corner?"
BARRIER
Theme: Free Shipping
"I care about craft and all
natural ingredients."
MOTIVATOR
Theme: Natural Ingredients
BarriersandMotivators BARRIERS MOTIVATORS
PRODUCT
• Bulleted list here • Bulleted list here CAPTURE all possible reasons that would either
encourage or prevent a consumer from entering
your category or buying your product. When you
get stuck, consider all different types of people or
seasonality.
CHOOSE the top 3 barriers or motivators that
feel like the biggest opportunity to convert
potential buyers.
DIFFERENTIATE all creative routes visually and
ensure that the motivations are not attracting a
similar audience.
MAKE. Build your video, lightweight animation
or static creative associated with your key
barriers & motivations (clearly highlighted in the
first 3 seconds). Struggling to build new
creative? Use existing assets and remix them to
represent a benefit.
1
2
3
4
HELPFUL
RESOURCES
Facebook Help Centre
facebook.com/help
Facebook Blueprint
facebook.com/business/learn
Facebook for Business
facebook.com/business
Instagram for Business
business.instagram.com
RESOURCES
Winning Cyber
Weekend with
Facebook + Instagram
WELCOME
Daniel Peacock
Skinmart & GLO Skin Body
hello!
our kids got
us started
the cliché
we all start
somewhere
today
what's worked
for us
automate the
hell out of
everything*
investing in
lifetime clients
Automation..
doing things
differently
what's next
$20 off first order:
[ MEETUP2020 ]
skinmart.com.au
Valid until 14/11/2020 for first orders over $100
get your healthiest skin
QUESTIONS?
NEED MORE SUPPORT?
Black Friday Cyber Monday Content Hub
https://www.shopify.com.au/bfcm
Checklist
https://www.shopify.com.au/blog/bfcm-checklist
Need support with your BFCM digital
strategy?
Contact Reload here:
bit.ly/reload-bfcm
Facebook Help Centre - facebook.com/help
Facebook Blueprint - facebook.com/business/learn
Facebook for Business - facebook.com/business
Instagram for Business - business.instagram.com
$20 off First Order
[ MEETUP2020 ]
Orders over $100
Want to chat design & development
and improving your site?
Contact Process Creative
www.processcreative.com.au
To stay in the loop for future Brisbane/Sydney
Shopify Meetup events, you can:
• Join the “Brisbane Shopify Meetup” or “Sydney
Shopify Meetup” group on Meetup.com
• Follow the Reload Media Twitter account
@reload_media
• If you registered for today’s meetup, we’ll email
you when the next one is coming up.
We’ll be sharing the recording of this meetup later
today!
STAY IN TOUCH

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BFCM 2020: Trends, Offers and Strategies

  • 1.
  • 2. Welcome & thanks for joining us! • We encourage you to use the Chat feature to get to know other meetup attendees • Feel free to ask questions throughout the meetup using the Chat or Q&A features • This meetup is being recorded and will be shared later today WELCOME
  • 3.
  • 4.
  • 5. Amy Zobec Shopify Plus Lucinda Bauermeister Facebook | Instagram Daniel Peacock Skinmart & GLO Skin Body YOUR SPEAKERS
  • 7. Today’s Agenda 1. Introduction 2. Black Friday Cyber Monday 2020 trends 3. Holiday offers and deal structures
  • 8. Introduction Where are you from? Now based in Sydney, grew up on the South Coast (Jervis Bay). Amy Zobec What I’m looking to buy during BFCM? A new dress for summer. At the moment I love Aje, Assembly and St. Agni, all Shopify merchants. How long have you been with Shopify? Coming up to 2 years. IMAGE
  • 9. 01 Black Friday Cyber Monday 2020 Trends
  • 11. Consumer shopping predictions 95%of the brands we surveyed expected consumers to make more purchases online this year, instead of in-store. 86%of brands expect online purchases this year to exceed the number of online purchases made during the same period in 2019. Data in this report is based on research conducted by Shopify’s Market Insights team. Research data was collected via an online survey among Plus merchants (n=165) between August 27 and September 4, 2020.
  • 12. - Shopping earlier - Value over price Two key trends that may impact BFCM this year: Consumer shopping predictions
  • 13. SHOP LOCAL IMAGE 66%US shoppers say they plan to shop at local small businesses this holiday season 30%Of consumers have purchased from brands they’ve never thought to buy from Consumer shopping predictions Data from Justin De Graaf (Google) September 2020
  • 17. Participation in BFCM Data in this report is based on research conducted by Shopify’s Market Insights team. Research data was collected via an online survey among Plu merchants (n=165) between August 27 and September 4, 2020.
  • 18. Think about what you are using BFCM for this year? Participation in BFCM
  • 19. 02 Holiday Offers & Deal Structures
  • 20. Among brands surveyed who participated in BFCM last year and plan to participate this year.
  • 22. Create moments of delight
  • 24. Discounts: Bundles & Bogos Consider bundling dead or dying stock with top selling stock in a capsule wardrobe, a ‘buy the look’ bundle or a ‘free gift’ offer in order to spread the margin losses across the order. Bundles Buy one, get x offers have proven to be extremely successful during large sale periods for a large number of Shopify merchants. Bogos
  • 28.
  • 34. SCHEDULING THE BASICS. DATES + TIMES DISCOVERY COST LEARNING PHASE Consider how long it will actually take to set up your campaigns, ad sets and ads Volume is at an all-time high during this period, so allow time for your ads to go through review (this can take up to 6 hours!) We recommend setting up your campaign 24-48 hours before your intentional ‘Live’ date
  • 35. SCHEDULING HAVE YOU EVER PURCHASED SOMETHING YOU DIDN’T KNOW YOU NEEDED? Facebook and Instagram are discovery platforms, meaning it’s much easier to inspire an unintentional purchase or trigger a subconscious need via our platforms By going early, you can get ahead of the pack and capture consumers’ share of wallet before your competitors DATES + TIMES DISCOVERY COST LEARNING PHASE
  • 36. SCHEDULING WHEN IS THE BEST TIME TO GO LIVE? We recommend going live with your Cyber Weekend campaigns on Monday or Tuesday and scheduling them up until the following Thursday or Wednesday CPMs are notoriously high over Cyber Weekend, as not only are you competing with your local competitors, but international too. Earlier = cheaper DATES + TIMES DISCOVERY COST LEARNING PHASE
  • 37. SCHEDULING WHAT IS THE LEARNING PHASE AND HOW WILL IT AFFECT ME? The learning phase is the period when the delivery system still has a lot to learn about an ad set; it needs this time to collect data in order to understand how to effectively deliver your ads. During learning, the budget is spent on learning and not achieving your optimisation goals During learning, CPAs are unstable; anything you do to your campaign, ad set or ad while it’s live will re-trigger learning DATES + TIMES DISCOVERY COST LEARNING PHASE
  • 39. MACHINE LEARNING BROAD AUDIENCES PLACEMENTS STRUCTURE BUDGETS COMMANDMENT 1 Always use broad audiences WHY We have access to trillions of signals via the pixel; allow our machine learning to connect the most relevant users to your business at the lowest cost possible
  • 40. MACHINE LEARNING COMMANDMENT 2 Always use Automatic Placement; Bonus points for Asset Customisation WHY Advertisers can become obsessed with single-placement efficiencies; this will drive your CPA up over time. Take the assumption out of buying and allow machine learning to deliver your ads in the placements that drive the best efficiencies BROAD AUDIENCES PLACEMENTS STRUCTURE BUDGETS
  • 41. MACHINE LEARNING COMMANDMENT 3 Keep things simple! WHY Buy on 2 or 3 campaigns maximum. Think 1x reach, 1x conversion and 1x catalog sale – that’s it! It will help speed you through learning and scale faster BROAD AUDIENCES PLACEMENTS STRUCTURE BUDGETS
  • 42. MACHINE LEARNING COMMANDMENT 4 Use Lifetime Budgets WHY Assigning a lifetime budget will allow the system to pace evenly and allow you to scale your investment up or down more efficiently BROAD AUDIENCES PLACEMENTS STRUCTURE BUDGETS
  • 44. TARGETING Your approach to targeting on Facebook and Instagram during Cyber Weekend should be broken down into two personas
  • 45. TARGETING Existing Elliott, 36 About Me • I know who you are and what you stand for as a brand • I know I’m getting a good deal when you go on sale • I’m already bought into your brand • To target me, use Web Custom Audiences, your 1st party data, and engagement targeting via Ads Manager New Neil, 38 About Me • I don’t know anything about your category • I’m unsure if the incentive you’re offering is good value • I already have a favourite brand in your category • To target me, use Broad Audiences and Lookalike Audiences based on previous purchases or your EDM database
  • 47. At a certain point, business growth can slow. It becomes harder to find new customers.
  • 48. POTENTIAL CUSTOMERS I LOVE SODA I LOVE SODA I LOVE SODA I LOVE SODA I LOVE QUALITY THE STORE IS CLOSE BY I LOVE THIS ONE FLAVOR I LOVE ORGANIC FLAVORS Eventually, we exhaust that high-intent audience How do we reach new customers? AD
  • 49. And use those motivations to inspire more persuasive creative. Consider what motivates different audiences "There won't be a flavor for me" BARRIER Theme: Wide Selection "Why buy soda online when there's a store around the corner?" BARRIER Theme: Free Shipping "I care about craft and all natural ingredients." MOTIVATOR Theme: Natural Ingredients
  • 50. BarriersandMotivators BARRIERS MOTIVATORS PRODUCT • Bulleted list here • Bulleted list here CAPTURE all possible reasons that would either encourage or prevent a consumer from entering your category or buying your product. When you get stuck, consider all different types of people or seasonality. CHOOSE the top 3 barriers or motivators that feel like the biggest opportunity to convert potential buyers. DIFFERENTIATE all creative routes visually and ensure that the motivations are not attracting a similar audience. MAKE. Build your video, lightweight animation or static creative associated with your key barriers & motivations (clearly highlighted in the first 3 seconds). Struggling to build new creative? Use existing assets and remix them to represent a benefit. 1 2 3 4
  • 52. Facebook Help Centre facebook.com/help Facebook Blueprint facebook.com/business/learn Facebook for Business facebook.com/business Instagram for Business business.instagram.com RESOURCES
  • 56. our kids got us started
  • 59. today
  • 61. automate the hell out of everything*
  • 65. $20 off first order: [ MEETUP2020 ] skinmart.com.au Valid until 14/11/2020 for first orders over $100 get your healthiest skin
  • 67. NEED MORE SUPPORT? Black Friday Cyber Monday Content Hub https://www.shopify.com.au/bfcm Checklist https://www.shopify.com.au/blog/bfcm-checklist Need support with your BFCM digital strategy? Contact Reload here: bit.ly/reload-bfcm Facebook Help Centre - facebook.com/help Facebook Blueprint - facebook.com/business/learn Facebook for Business - facebook.com/business Instagram for Business - business.instagram.com $20 off First Order [ MEETUP2020 ] Orders over $100 Want to chat design & development and improving your site? Contact Process Creative www.processcreative.com.au
  • 68. To stay in the loop for future Brisbane/Sydney Shopify Meetup events, you can: • Join the “Brisbane Shopify Meetup” or “Sydney Shopify Meetup” group on Meetup.com • Follow the Reload Media Twitter account @reload_media • If you registered for today’s meetup, we’ll email you when the next one is coming up. We’ll be sharing the recording of this meetup later today! STAY IN TOUCH