Three key takeaways from Retail Recharged 2018

The annual event is hosted by Rich Insight, who provides a platform agnostic, fully managed service for online marketplaces.

Writing this blog post was a hard task for two reasons; the first, because there were way more than just three key takeaways from the experts that spoke at the event. The second, because I have never been a keen writer nor able to compete with the blog giants who so effortlessly articulate their wit (I am much funnier in person – I promise). Hopefully I’ve been able to provide three key factors surrounding the retail world, as well as valuable insights that were delivered by the expert speakers.

I want to start by thanking the whole team that contributed to Retail Recharged 2018. The event was full of great panels, innovative pitches and of course rich insight (no pun intended!). What a fantastic opportunity for brands, both starting out and already established, to gain expertise and share best practice.

I highly recommend attending if you haven’t before.

So here goes…

1. Leveraging AI in retail

The digital marketing world if full of buzzwords and they’re constantly changing year on year. AI is arguably one that has divided the opinions of marketeers more than any other. The term AI stands for Artificial Intelligence (sometimes called machine intelligence/learning) which is essentially intelligence demonstrated by machines. The English Oxford Living Dictionary defines AI as: “the theory and development of computer systems able to perform tasks normally requiring human intelligence, such as visual perception, speech recognition, decision-making”, etc.

With the application of AI more prominent in digital marketing, and its ambiguity being lessened, it’s apparent that marketers are becoming more confident in utilizing the technology in their own marketing strategies today. A survey conducted by Salesforce indicated that 51% of marketers are actually already implementing AI in some way and a further 27% are planning to incorporate the tech in 2019.

The panel discussing leveraging AI in retail backed up the above stats: many marketers voted that if they weren’t already, they’d be implementing AI strategies in the coming months or years. AI is most definitely on the agenda.

The main message from the expert panel was clear: AI is a tool to enhance the data and processes you currently have available. But it’ll only be used to its fullest when you have the right tech stack. Understanding your data and the technological infrastructure within your organization is key if you’re truly going to leverage the power of AI in your marketing strategies.

One thing that also stood out was the worry that machines would make marketers redundant. This was something that the panel quashed, reiterating that AI empowers marketers to achieve their goals. Machine learning improves resource, efficiency and accuracy, allowing teams to better allocate their time and optimize their strategy.

To summarize, AI isn’t going to solve every business problem or deliver results automatically. Its effect will depend on what you put in. You need to know your tech, know your data, and know your goals.

AI, in whichever form, is the tool that will help bolster your results.

2. Evolving the physical experience

“Have you ever walked into a store and realized you’re the only person in there. You and the store assistant share awkward glances – will they or won’t they approach me? Oh god, the awkwardness. Only then do you promptly make an abrupt U-turn and leave the store immediately!” This was the question posed to the audience; almost everyone raised their hands and collectively let out a little chuckle.

So, how do we make our store experiences less intimidating, less awkward and more comfortable and personal – so that our customers don’t run in fear?

James Rutter from COOK talked a lot about creating a comfortable and friendly environment in store. The theme of community within their 90 store locations is something that, although a tough and somewhat daunting task, he believed to be one that kept the customers coming back and leaving happy. Training staff to be warm, welcoming and approachable was key in delivering the best in-store experience to customers.

Tom Broughton from Cubitts also talked about the importance of employees – specifically, when hiring, to refer to a list of values that candidates must possess in order to become part of the team.

Tom suggested “you can have all the experience in the world but if you don’t have our values you won’t be considered”. It was an interesting way of placing importance on the in-store experience. Beyond the fluffy aesthetics, it comes down to the staff who serve customers directly. That’s what matters.

The consensus of the panel was that opening stores can be a scary task. There’s so much more data readily available from ecommerce stores than physical ones, so consider this option very carefully.

However, if you do look to operate physical stores, investing in your employees can make all the difference.

3. Expanding cross-border

Can a business be global from day one? How hard is it to maintain this mentality? The answer…, as you can imagine, very difficult! Brexit? Culture? Customs? Returns? These are the issues retail marketers have to consider and ultimately overcome when tackling the prospect of globalization. A daunting task, right?!

But for those that get it right, the rewards can be impressive – extending the shelf-life of products and avoiding seasonal fluctuations being among them.

The obvious opportunities are in the US, Canadian, APAC and European markets. And let’s face it, these regions would keep you busy and your pockets full. But, since these are some of the most competitive markets in the world, it might prove more successful to cast your eyes on less competitive markets. Unearthing these opportunities does involve a lot more work, but could prove a quicker win.

How do we navigate this international minefield? How do we make our business a success in other markets? The answer was unanimous…planning and patience.

Plan your strategy to the nth degree. Plan for failure. Don’t scrimp on researching your markets thoroughly. You have interest from a few other countries: does this mean you need to expand right now? Patience is key.

 

In summary

The event put together by the Rich Insight team provided a fantastic mix of insight on retail trends and hot topics, along with some relevant innovative technology pitches to support these. A massive thank you again to all the team for a fantastic event!

 

Retail Recharged might be over for one year, but you can still get tons of marketing inspo at this year’s dotties! RSVP here.

The post Three key takeaways from Retail Recharged 2018 appeared first on The Marketing Automation Blog.

Reblogged 1 year ago from blog.dotmailer.com

Meet Dan Morris, Executive Vice President, North America

  1. Why did you decide to come to dotmailer?

The top three reasons were People, Product and Opportunity. I met the people who make up our business and heard their stories from the past 18 years, learned about the platform and market leading status they had built in the UK, and saw that I could add value with my U.S. high growth business experience. I’ve been working with marketers, entrepreneurs and business owners for years across a series of different roles, and saw that I could apply what I’d learned from that and the start-up space to dotmailer’s U.S. operation. dotmailer has had clients in the U.S. for 12 years and we’re positioned to grow the user base of our powerful and easy-to-use platform significantly. I knew I could make a difference here, and what closed the deal for me was the people.  Every single person I’ve met is deeply committed to the business, to the success of our customers and to making our solution simple and efficient.  We’re a great group of passionate people and I’m proud to have joined the dotfamily.

Dan Morris, dotmailer’s EVP for North America in the new NYC office

      1. Tell us a bit about your new role

dotmailer has been in business and in this space for more than 18 years. We were a web agency, then a Systems Integrator, and we got into the email business that way, ultimately building the dotmailer platform thousands of people use daily. This means we know this space better than anyone and we have the perfect solutions to align closely with our customers and the solutions flexible enough to grow with them.  My role is to take all that experience and the platform and grow our U.S. presence. My early focus has been on identifying the right team to execute our growth plans. We want to be the market leader in the U.S. in the next three years – just like we’ve done in the UK –  so getting the right people in the right spots was critical.  We quickly assessed the skills of the U.S. team and made changes that were necessary in order to provide the right focus on customer success. Next, we set out to completely rebuild dotmailer’s commercial approach in the U.S.  We simplified our offers to three bundles, so that pricing and what’s included in those bundles is transparent to our customers.  We’ve heard great things about this already from clients and partners. We’re also increasing our resources on customer success and support.  We’re intensely focused on ease of on-boarding, ease of use and speed of use.  We consistently hear how easy and smooth a process it is to use dotmailer’s tools.  That’s key for us – when you buy a dotmailer solution, we want to onboard you quickly and make sure you have all of your questions answered right away so that you can move right into using it.  Customers are raving about this, so we know it’s working well.

  1. What early accomplishments are you most proud of from your dotmailer time so far?

I’ve been at dotmailer for eight months now and I’m really proud of all we’ve accomplished together.  We spent a lot of time assessing where we needed to restructure and where we needed to invest.  We made the changes we needed, invested in our partner program, localized tech support, customer on-boarding and added customer success team members.  We have the right people in the right roles and it’s making a difference.  We have a commercial approach that is clear with the complete transparency that we wanted to provide our customers.  We’ve got a more customer-focused approach and we’re on-boarding customers quickly so they’re up and running faster.  We have happier customers than ever before and that’s the key to everything we do.

  1. You’ve moved the U.S. team to a new office. Can you tell us why and a bit about the new space?

I thought it was very important to create a NY office space that was tied to branding and other offices around the world, and also had its own NY energy and culture for our team here – to foster collaboration and to have some fun.  It was also important for us that we had a flexible space where we could welcome customers, partners and resellers, and also hold classes and dotUniversity training sessions. I’m really grateful to the team who worked on the space because it really reflects our team and what we care about.   At any given time, you’ll see a training session happening, the team collaborating, a customer dropping in to ask a few questions or a partner dropping in to work from here.  We love our new, NYC space.

We had a spectacular reception this week to celebrate the opening of this office with customers, partners and the dotmailer leadership team in attendance. Please take a look at the photos from our event on Facebook.

Guests and the team at dotmailer's new NYC office warming party

Guests and the team at dotmailer’s new NYC office warming party

  1. What did you learn from your days in the start-up space that you’re applying at dotmailer?

The start-up space is a great place to learn. You have to know where every dollar is going and coming from, so every choice you make needs to be backed up with a business case for that investment.  You try lots of different things to see if they’ll work and you’re ready to turn those tactics up or down quickly based on an assessment of the results. You also learn things don’t have to stay the way they are, and can change if you make them change. You always listen and learn – to customers, partners, industry veterans, advisors, etc. to better understand what’s working and not working.  dotmailer has been in business for 18 years now, and so there are so many great contributors across the business who know how things have worked and yet are always keen to keep improving.  I am constantly in listening and learning mode so that I can understand all of the unique perspectives our team brings and what we need to act on.

  1. What are your plans for the U.S. and the sales function there?

On our path to being the market leader in the U.S., I’m focused on three things going forward: 1 – I want our customers to be truly happy.  It’s already a big focus in the dotmailer organization – and we’re working hard to understand their challenges and goals so we can take product and service to the next level. 2 – Creating an even more robust program around partners, resellers and further building out our channel partners to continuously improve sales and customer service programs. We recently launched a certification program to ensure partners have all the training and resources they need to support our mutual customers.  3 – We have an aggressive growth plan for the U.S. and I’m very focused on making sure our team is well trained, and that we remain thoughtful and measured as we take the steps to grow.  We want to always keep an eye on what we’re known for – tools that are powerful and simple to use – and make sure everything else we offer remains accessible and valuable as we execute our growth plans.

  1. What are the most common questions that you get when speaking to a prospective customer?

The questions we usually get are around price, service level and flexibility.  How much does dotmailer cost?  How well are you going to look after my business?  How will you integrate into my existing stack and then my plans for future growth? We now have three transparent bundle options with specifics around what’s included published right on our website.  We have introduced a customer success team that’s focused only on taking great care of our customers and we’re hearing stories every day that tells me this is working.  And we have all of the tools to support our customers as they grow and to also integrate into their existing stacks – often integrating so well that you can use dotmailer from within Magento, Salesforce or Dynamics, for example.

  1. Can you tell us about the dotmailer differentiators you highlight when speaking to prospective customers that seem to really resonate?

In addition to the ones above – ease of use, speed of use and the ability to scale with you. With dotmailer’s tiered program, you can start with a lighter level of functionality and grow into more advanced functionality as you need it. The platform itself is so easy to use that most marketers are able to build campaigns in minutes that would have taken hours on other platforms. Our customer success team is also with you all the way if ever you want or need help.  We’ve built a very powerful platform and we have a fantastic team to help you with personalized service as an extended part of your team and we’re ready to grow with you.

  1. How much time is your team on the road vs. in the office? Any road warrior tips to share?

I’ve spent a lot of time on the road, one year I attended 22 tradeshows! Top tip when flying is to be willing to give up your seat for families or groups once you’re at the airport gate, as you’ll often be rewarded with a better seat for helping the airline make the family or group happy. Win win! Since joining dotmailer, I’m focused on being in office and present for the team and customers as much as possible. I can usually be found in our new, NYC office where I spend a lot of time with our team, in customer meetings, in trainings and other hosted events, sales conversations or marketing meetings. I’m here to help the team, clients and partners to succeed, and will always do my best to say yes! Once our prospective customers see how quickly and efficiently they can execute tasks with dotmailer solutions vs. their existing solutions, it’s a no-brainer for them.  I love seeing and hearing their reactions.

  1. Tell us a bit about yourself – favorite sports team, favorite food, guilty pleasure, favorite band, favorite vacation spot?

I’m originally from Yorkshire in England, and grew up just outside York. I moved to the U.S. about seven years ago to join a very fast growing startup, we took it from 5 to well over 300 people which was a fantastic experience. I moved to NYC almost two years ago, and I love exploring this great city.  There’s so much to see and do.  Outside of dotmailer, my passion is cars, and I also enjoy skeet shooting, almost all types of music, and I love to travel – my goal is to get to India, Thailand, Australia and Japan in the near future.

Want to find out more about the dotfamily? Check out our recent post about Darren Hockley, Global Head of Support.

Reblogged 3 years ago from blog.dotmailer.com

Is Australia the land of opportunity for your retail brand?

Australia has a resident population of more than 24 million and, according to eMarketer, the country’s ecommerce sales are predicted to reach A$32.56 billion by 2017. The country’s remote location in the APAC region means that unlike European countries or the USA, traditionally there have been a lack of global brands sold locally.

Of course, we also know that many expatriates, particularly from inside the Commonwealth, have made Australia their home and are keen to buy products they know and love from their country of origin.

All of these factors present a huge and potentially lucrative opportunity for non-Australian brands wanting to open up their new and innovative products to a fresh market, or compete for market share.

But it’s not just non-Australian retailers who are at an advantage here: Australia was late to the ecommerce party because native, established brands were trading well without it. Subsequently, Australian retailers’ ecommerce technology stacks are much more recent and not burdened by legacy systems. This makes it much easier to extend, or get started with, best-of-breed technologies and cash in on a market that’s booming. To put some of this into perspective, Magento’s innovative ecommerce platform currently takes 42% of Australia’s market share and the world’s first adopter of Magento 2.0 was an Australian brand.

The GST loophole

At the moment, local retailers are campaigning against a rule that exempts foreign websites from being charged a 10% general sales tax (GST) on purchases under A$1,000. And in 2013, Australian consumers made $3.11 billion worth of purchases under A$1,000.[1]

While the current GST break appears to put non-Australian retailers at an advantage, Australian-based brands such as Harvey Norman are using it to their advantage by setting up ecommerce operations in Asia to enjoy the GST benefit.

Australian consumers have also countered the argument by saying that price isn’t always the motivator when it comes to making purchasing decisions.

It’s not a place where no man has gone before

Often, concerns around meeting local compliance and lack of overseas business knowledge prevent outsiders from taking the leap into cross-border trade. However, this ecommerce passport, created by Ecommerce Worldwide and NORA, is designed to support those considering selling in Australia. The guide provides a comprehensive look into everything from the country’s economy and trade status, to logistics and dealing with international payments.

Global expansion success stories are also invaluable sources of information. For instance, it’s not just lower-end retailers that are fitting the bill, with brands like online luxury fashion retailer Net-a-Porter naming Australia as one of its biggest markets.

How tech-savvy are the Aussies?

One of the concerns you might have as a new entrant into the market is how you’ll reach and sell to your new audience, particularly without having a physical presence. The good news is that more than 80% of the country is digitally enabled and 60% of mobile phone users own a smartphone – so online is deeply rooted into the majority of Australians’ lives. [2]

Marketing your brand

Heard the saying “Fire bullets then fire cannonballs”? In any case, you’ll want to test the waters and gauge people’s reactions to your product or service.

It all starts with the website because, without it, you’re not discoverable or searchable, and you’ve nowhere to drive people to when running campaigns. SEO and SEM should definitely be a priority, and an online store that can handle multiple regions and storefronts, like Magento, will make your life easier. A mobile-first mentality and well thought-out UX will also place you in a good position.

Once your new web store is set up, you should be making every effort to collect visitors’ email addresses, perhaps via a popover. Why? Firstly, email is one of the top three priority areas for Australian retailers, because it’s a cost-effective, scalable marketing channel that enables true personalization.

Secondly, email marketing automation empowers you to deliver the customer experience today’s consumer expects, as well as enabling you to communicate with them throughout the lifecycle. Check out our ‘Do customer experience masters really exist?’ whitepaper for some real-life success stories.

Like the Magento platform, dotmailer is set up to handle multiple languages, regions and accounts, and is designed to grow with you.

In summary, there’s great scope for ecommerce success in Australia, whether you’re a native bricks-and-mortar retailer, a start-up or a non-Australian merchant. The barriers to cross-border trade are falling and Australia is one of APAC’s most developed regions in terms of purchasing power and tech savviness.

We recently worked with ecommerce expert Chloe Thomas to produce a whitepaper on cross-border trade, which goes into much more detail on how to market and sell successfully in new territories. You can download a free copy here.

[1] Australian Passport 2015: Cross-Border Trading Report

[2] Australian Passport 2015: Cross-Border Trading Report

Reblogged 3 years ago from blog.dotmailer.com

3 practical local link building ideas that will cure your Penguinitis

Penguin caused many in the local SEO world to become wary of link building, but there are still plenty of white-hat methods to garner links to local businesses. Columnist Will Scott explores three such tactics.

The post 3 practical local link building ideas that will cure your Penguinitis appeared…

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Reblogged 3 years ago from feeds.searchengineland.com

Setting Local SEO Expectations: 3 Points To Hit Early And Often

When it comes to providing SEO for local businesses, it’s crucial to set realistic expectations. Columnist Jenny Foster discusses three points she likes to drive home with clients to ensure a strong relationship and a smooth campaign.

The post Setting Local SEO Expectations: 3 Points To Hit Early…

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Reblogged 3 years ago from feeds.searchengineland.com

Local SEO Is Not An Island (Or At Least It Shouldn’t Be!)

Local businesses’ visibility on the SERPs took a hit when Google adopted the “Snack Pack,” which shows only three results. Contributor Marcus Miller shares advice on how to handle the increased competition that’s likely to result.

The post Local SEO Is Not An Island (Or At Least It…

Please visit Search Engine Land for the full article.

Reblogged 4 years ago from feeds.searchengineland.com