There are five key trends for marketers to heed in the next couple of months, according to a research report by data-driven marketing firm Experian Marketing Services, revealing the key marketing strategies, tactics and trends that are set to define the 2014 holiday season.
The company's report calls attention to several key global trends and regional differences, among many other findings, including:
During the 2013 holiday season, Experian Marketing Services found that there was a 39% increase in traffic to retail sites from Facebook. "Facebook has become a major marketing channel globally because of its ability to influence holiday shopping and research," noted Bill Tancer, general manager of global research for Experian Marketing Services. "The focus on Facebook isn't impulsive; it's generating clear results for marketers. For example, during the 2013 holiday season, we found that there was a 39% increase in traffic to retail sites from Facebook."
However, social campaigns will not stand alone. The company found that 2014 social holiday campaigns, when used, are more likely to be integrated with other channels.
The research also found that despite the barrage of emails from companies, especially during the holiday season, 71% of online adults say that they are influenced by promotional emails to take some sort of action. In addition, 40% of online adults say they're influenced to make a purchase as a result of an email received from a retailer or other company.
"As trust in shipping services increases among consumers, and as free-shipping offers become more ubiquitous year round, fewer marketers plan to offer promotions specific to free shipping in 2014," said Tancer. "However, marketers using free-shipping offers should call that out in subject lines as it remains an effective tool for driving conversions in email."
The study found that among multichannel retailers, transaction rates for emails that include a free shipping offer are 72% more effective than those without, and revenue is 53.3% greater than those do not offer free shipping.
However, one-in-five marketers reported that they are unable to identify their best customers. Further, the marketers who reported that they target their best customers also reported that they have trouble identifying them across channels. Globally, almost half (48%) of the marketers surveyed say they have a siloed customer view and can only identify best customers within each channel rather than across all channels. Ultimately, this affects their ability to successfully integrate campaigns.
"Marketers should not underestimate the power of targeting their best customers across channels, and discounting is one area that continues to need dramatic improvement," concluded Ashley Johnston, senior vice president of global marketing for Experian Marketing Services. "Marketers need to become more targeted and relevant in their holiday campaigns, or they risk leaving money on the table."
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