Treepodia – The leading Product Video solution for e-commerce

Over the past few months, and with the support of some of our best clients, we’ve been working on a case study that investigates how video is impacting online sales of jewelry items. I hope you find the following information useful and welcome comments and queries…

Mike@treepodia.com : )

Being a market leader is a big responsibility. Simply put – When you’re a leader you have no one to follow. Educating and developing your niche is primarily up to you!

As the market leader of video-for-ecommerce we take our role very seriously. In fact you’ll very rarely see cat jokes on this blog at all! (well there was that one time…)

The fun part is that you have a broader view of your niche than anyone else…

Here at Treepodia we love sharing our unique viewpoint in order to help with the “educating-and-development-responsibility” bit. This here post is one such example…

Ecommerce, Video and Jewelry sales

History

Treepodia has always been lucky enough to have a special relationship with the online-jewelry-sales industry. Very early on in our operations we caught the attention of Mr. Shmuel Gniwisch, CEO of Ice.com – one of the first companies to turn a jewelry store into an online shopping experience (…way back in 1999!!!).

With the support of Mr. Gniwisch, Ice, and it’s credo on such platforms as Internet Retailer, The Wall Street Journal, The New York Times (…etc.) we were immediately shot into the spotlight for anyone, and everyone, in the online-jewelry-sales business.

It was an amazing opportunity – Jewelry vendors deal in relatively high-ticket items, and anything that makes their products stand out can help them increase sales. Video was the perfect fit…

We became a big hit with online Jewelry vendors everywhere, and companies in this niche still remain some our best clients.

Why this matters?

Our platform enables our customers to:

• Trace a conversion back to a video
• Enable A/B testing for each product to test the impact video is having on its Conversion Rate

Having many clients in the the jewelry industry means we process millions of jewelry-article video views, and can aggregate the above mentioned data for them into unique insights regarding video’s impact:

8% of Jewelry site visitors choose to view videos

As the following chart demonstrates nearly 8% of all the visitors to jewelry websites elect to view a video when included on the page, indicating a good level of adoption and engagement for the technology.

Product videos boost jewlery site conversions by 247%

Videos’ contribution to an increase in conversions is evident across the board for all categories of jewelry items, however to truly perceive just how dramatic this increase is, I’d like to offer this next chart, which demonstrates the relative increase in conversions video enhanced pages had in comparison with their non-video displaying versions:

Note the first column of the table is the baseline “100%” which indicates no change. The chart immediately makes it evident that even the smaller conversion increases represent a near DOUBLING of sales. For bracelets and pendants the situation is even more dramatic with sales increasing by 2.5-3.7 times what they were for the same products without videos.

On average across all items and all vendors the study proves videos boosted conversions by 247%. Adding product videos to jewelry websites has been found to more-than-double sales!

————

Raw Data:

————
Image Credit: http://www.flickr.com/photos/peng-hui/3120170669

Introduction

With a huge inventory of over 135,000 individual products, ranging from decorative items to clothing to personal care products, greeting cards and more, DollarDays is the leading online wholesaler helping smaller businesses compete against larger chain stores.

By offering a wide range of high-quality bulk products which can be ordered in small quantities (single-case minimum) at competitive prices, DollarDays enables smaller merchants to in turn offer competitive pricing to their customers without the need to invest in excessive inventory.

Marc Joseph and Kevin Ryan - Dollardays.com

The Need – User Experience and Exposure

With a huge offering of a wide range of products DollarDays’ need was two-fold.

1. First, as an evolved online retailer, the company understood the advantage of having videos for popular products. As Marc Joseph, President of DollarDays said, “With so many products to cover, and an ever-expanding product line, an automated solution was clearly the only option in terms of both sheer logistics and cost.”
2. Second, the company needed to make sure its many products were found. As DollarDays has an eclectic product offering, long-tail search terms are particularly effective in terms of video SEO. Therefore, the added value of properly indexing each product video for Google’s search algorithms and the associated video SEO were of particular concern for DollarDays.

The Solution - Treepodia’s Ecommerce Video Platform and Dynamic Video Sitemap

DollarDays originally opted for the Treepodia Enterprise package to create some 5,000 product videos as well as a Dynamic Video Sitemap to ensure these videos were being fully indexed by Google.

Once the success of this endeavor was realized, DollarDays upped their purchase to the Premium package for full coverage of their entire product line.

The Results – 74% Sales Increase

The addition of product videos had a huge and immediate effect, the most dramatic of which was a 74% increase in sales.

In terms of video SEO the positive effects were also quickly felt as all products were fully indexed by Google within a single day.

Most importantly, product specific long-tail search terms such as “bright pencil pouch” were yielding far higher results on Google, in many cases moving to first place.

Marc Joseph*, founder and president of Dollardays.com, is so pleased he gave us a quote for this case study:

“We’ve been incredibly pleased with the results we’ve received from the Treepodia solutions so much so, in fact, that within a month we’d already decided to expand the Treepodia solutions across our entire product offering. Not only was the ROI quick and concrete, but the implementation was surprisingly simple.”

Need to Download?

Download the case study here:
Dollar Days Boosts Video SEO Case Study

————

Marc Joseph – Founder and CEO of Dollardays.com

• With more than 30 years in the retail and wholesale industry, Marc Joseph is the founder of DollarDays International. Joseph’s has helped to build some of America’s most known retail stores including Federated Department Stores, Crown Books, and Bills, a chain of variety stores headquartered in Jackson, Miss. He also helped ignite the dollar store trend as the General Merchandise Manager in Everything’s A Dollar stores chain. Joseph also started another innovative chain for EAD, The $5 & $10 Stores, locating the chain’s stores next to Everything’s A Dollar Stores to ensure traffic and offer price-conscious customers additional retail options. Most recently Joseph started a chain of hair salons in Arizona and built it up to 11 stores before selling them to devote full time to DollarDays.
  Mr. Joseph earned his Bachelor of Administration in Marketing with a Finance Minor from Miami University in Oxford, Ohio. He lives in Phoenix with his wife and four children.