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Let's Get Personal!
Delight Customers and Transform Your Conversion Rate with
Personalised Recommendations
Isaac Moshe, Marketing Director, Nosto
Conversion Rules!
Wednesday 4 February, 2015
Nosto enables online retailers to deliver customers a
personalised shopping experience…
!
A little bit about us…
Nosto enables online retailers to deliver customers a
personalised shopping experience…
!
…increasing conversion, AOV and customer retention.
A little bit about us…
+3.2 billion personalized recommendations generated
AN INTERNATIONAL LEADER3,500+ retailers in over 100 countries
Impact of Personalized Recommendations
Objectives Nosto performance
Increase Engagement +213%
Customers who clicked Nosto
recommendations spent 213%
more time on the site
Increase Average Order Value +24%
Customers who clicked Nosto
recommendations have 24% higher
Average Order Value
Boost Conversion Rate +66%
Customers who clicked Nosto
recommendations converted
66% better
Today’s Talk
The State of E-commerce Right now
A Proven Solution
Typical E-commerce journey
The Good, The Bad and The Ugly
Q&A
The State of E-commerce Right now :
The Growing Problem of Conversion
A Proven Solution :
Personalized Recommendations
The Good, The Bad and The Ugly :
Examples of best practices
Typical E-commerce User Journey :
Which Recommendations work best at each stage in conversion funnel
Q&A
Buyers Are Shopping Around More
Buying Cycles Are Getting Longer
Customer Acquisition
90%
100%
60%
30%
Total visitors
Visiting Shopping Area
Place items in cart
But… after all that hard work and money
100%
60%
30%
Total visitors
Visiting Shopping Area
Place items in cart
But… after all that hard work and money
2.8% Make a purchase
100%
60%
30%
Total visitors
Visiting Shopping Area
Place items in cart
But… after all that hard work and money
1% On mobile
Make a purchase2.8%
Over 75% of Amazon’s Pages Contain Personalized Recommendations
Conversion rate
18%
Over 75% of Amazon’s Pages Contain Personalized Recommendations
Personalizing the customer journey
Cart
Page
Home
Page
Category
Page
Product
Page
Search
Page
Pinky
Board
404
Error
Page
E-mail
Surfboards
Cart
Page
Search
Page
Home Page
YES?
NO?
3 seconds
Average time before an internet user decides if he stays or leaves a website
baby items sold on Bodie & Fou
baby items sold on Bodie & Fou
baby items, paintings…
baby items, paintings…
baby items, paintings, jewellery…
baby items, paintings, jewellery…
baby items, paintings, jewellery, wedding gifts
baby items, paintings, jewellery, wedding gifts
Time spent on the
site increased
by 66%
Time spent on the
site increased
by 66%
!
Number of products
viewed increased
by 126%
Conversion Rate
increased
by 77%!
Conversion Rate
increased
by 77%!
What about
returning visitors?
Buying cycles are getting longer
research website
awareness
product
search
product
awareness
decision payment reception
Pinky
Board
satisfaction
research website
awareness
product
search
product
awareness
decision payment reception
Pinky
Board
satisfaction
are buying from the 1st contact
<15%
Buying cycles
Average CTR
7.4%
Category Page
Surfboards
Product Page
Pinky
Board
13%
Greater
Conversion
£25
£18
£12
£25
£18
Dynamic
Up-selling
Cart Page
Cart
Page
Cart Page
Cart
PageDon’t be shy now…
24%
Conversion
Rate
Search
Page
Search Page
Search
Page
Search Page
Customers who search are
!
3-4x!
more likely to buy
dress
Total items : 1201
61 pages
Personalizing the customer journey
Pinky
Board
404
Surfboards
Cart
Page
Search
Page
Cart
Page
Home
Page
Category
Page
Product
Page
Search
Page
Error
Page
E-mail
Personalizing the customer journey
Pinky
Board
404
Surfboards
Cart
Page
Search
Page
Search and visited
items
!
Search and
purchased items
Recommend
Hottest Items
of the moment
!
Personalize
Content
right down to
individual
recipient
Top List
within the
category
!
Pro Tip:
Filter by brand,
price point or
other tags
Top List:
Most Popular
Right Now
Top List
showcasing store
offering
!
Personalized
Recommendations
Cart
Related items
!
Personalized
Recommendations
Cross-selling
Up-selling
!
Pro Tip:
Filter by relative
price point to
increase AOV
Cart
Page
Home
Page
Category
Page
Product
Page
Search
Page
Error
Page
E-mail
!
isaac@nosto.com
Thank you

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