Most Etailers Have Poor Decision Making Processes

It never ceases to amaze me how despite the extensive online availability of massively powerful tools for improving conversions and sales, the vast majority of marketers & e-tailers still rely, almost exclusively, on “gut-instinct” (their own, or that of others) as the only system for making the decisions that manage their business. In my humble opinion this may well be the main cause such a vast percentage of online businesses fail, despite the relatively low overhead cost that going online offers when compared to a brick-and-mortar business.

GOOD Technology Works ...without forcing YOU to understand it

Great Technology is Friendly - it works without forcing YOU to understand it

From my experiences only few online retailers bother to study the statistics of their website traffic closely, and even fewer do so effectively – i.e. know what indicators are the most important for their business and how their day-to-day operations influence them.

This is a particularly sad state of affairs because the ineptitude can’t be traced back to a root cause that makes sense, for example a desire to avoid expenditure on software or resources. Some of the most powerful tools available for gathering statistics and acting on them effectively are available online for FREE.

Are You Optimizing Yet?

One example of an extremely powerful tool, that far too few people are using, is Google’s “Website Optimizer” service, which allows etailers to test how various combinations of changes to their website content will affect conversions, in order to choose the most effective one. Website Optimizer lets etailers choose what parts of a page they’d like to test – headlines, images, design styles, etc., and then runs an online experiment directing a portion of the site’s traffic to each variation in order to determine which content users respond to best.

Why Not?

Over the years I’ve studied this failing rather extensively as it represents what to me is a very intriguing paradox:
On the one hand the very fact a person succeeds at opening a business would seem to indicate a certain level of competence and diligence, however on the other hand that very same person is often unwilling or unable to carry that effort through by providing it with all the opportunities it requires for success. This despite the fact that this person often acknowledges freely their awareness that their ineffectiveness means they’re “Leaving money on the table” and losing their business as a result. The most obvious question to ask would be WHY???

Why Not Indeed…

After spending a fair deal of time pondering this I’ve come to the conclusion that the fault is NOT exclusively that of the entrepreneurs, a degree of blame must be laid at the feet of the developers and engineers that provide these incredible marketing tools.

Most Powerful Online Marketing Tools Are Too Complicated To Use

A well known paradigm of technology development is that all too often engineers develop products without consulting enough, or even at all, with their target audience. At the end of the process they end up with a product that is intuitive and easy enough for THEM to use, but NOT so for anybody else…

I think this may well be the case with many of the marketing tools available online today. Although they’re powerful and effective, and at times even free, they’re engineer-friendly design makes them simply unusable by the vast majority of the population. The fact someone is a great marketer, a driven sales person, and an industrious entrepreneur, is no guarantee that one has the skill sets required to operate a bit of software designed with an engineering audience in mind. Some might say that the exact opposite might be true (think why so few engineers become effective business owners…).

What could be done otherwise

One of the reasons so many people love Apple’s products, despite their technological limitations, poorer features and complete reliance on Apple’s closed marketplace, is because these products don’t require you to learn how to make them work. They simply work for you.

Apple’s products are designed around the core understanding that:

People don’t care about technology. They care about what technology can DO FOR THEM.

Why We’ve Opted For Automation

This truth can be extended just as easily to the world of ecommerce – At the end of the day when presented with the question:

“Do YOU want to increase your revenues by becoming an expert at operating our software, or do you want US to increase your revenues for you?”

9 business owners out of 10 will prefer to simply have their revenues increased (& the 10th is likely to be a “Power User” type with a strong affinity for technology…). This is precisely why we at Treepodia opted to automate as much of our service as possible, and are constantly pursuing new methods for increasing this automation.

We believe wholeheartedly that we serve you better by not burdening you with technobabble you don’t really care about ,and focusing you on what you do care about instead:

Your business results and bottom line revenue.

Now you tell me:
Assuming we GUARANTEE your ROI,
don’t you actually prefer it that way?…

Image credit: http://www.flickr.com/photos/firepile/438134633

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Posted by mike On July - 13 - 2010 Methodology Promoted

Despite the fact this a “Company Blog” I usually try to keep our posts focused on tips, hints and news about ecommerce videos and related issues. Since launching the blog about a month ago we’ve listed tips for using video to increase holiday season sales, debated how to measure the ROI of Social Media, listed video slideshow tools anyone can use for free and covered a whole bunch of similar topics. What I’ve avoided doing is blowing our own horn – I prefer having others sing our praises, and over the past week it seems this is exactly what’s happening…

Not adding video to your site is like Burning Money | Image credit: purpleslog

Not adding video to your site is like Burning Money | Image credit: purpleslog

Electronics retailer sees conversions leap with automated videos

A week ago InternetRetailing’s Sarah Clark posted a story about the experiences ElectricShopping has had with ourecommerce video solution. Sarah reports:

Electric Shopping has added Treepodia’s automated product videos to its site and has seen a growth in conversions of an average of 75% among shoppers who watch the videos compared with those who don’t, with increases peaking at 200% for some products.”

Sarah’s interviewed Electric Shopping’s CEO Rob Levy about his team’s experiences with video prior to using our solution:

“Previously we had videos for a very small percentage of our product catalogue because we simply couldn’t produce them quickly enough. On top of that, we had no way to measure their performance so we had no idea what benefit, if any, they provided our business.”

Rob’s final quote in Sarah’s article is the type of feedback we enjoy hearing the most:

“Because of the A/B testing and performance metrics Treepodia supplies, we can now see how many times someone looks at a particular product page, whether they viewed the video, and whether they purchased — and we definitely see a higher conversion rate among those visitors who watch the videos

Not a week went by since Sarah published her story and we received permission from another client to list their experiences in our latest press release:

Sales on BedBathStore.com rise 69% with automated product videos

Yesterday our PR Nancy Hill published a press release based on the permission we got from Mike Reichman, COO of BedBathStore.com, to quote their case study as part of our publicity. In the release Reichman speaks of the impact our solution has had on BedBathStore’s sales:

“In just two months after we began using Treepodia’s automated online product video platform, our e-commerce sales of products that include video rose 69%. In addition, customer conversion was up as much as 300% among those who viewed the product videos.”

Reichman goes on to explain that his team elected to use our solution because:

It was the only alternative we found that could cover hundreds of items quickly and with relatively low cost, and that also provided ongoing measurement and optimization”

Afterword

I don’t use this blog to tell you how wonderful we are because with posts like the ones I quoted above readily available online, I don’t really need to.

The question you need to ask yourself right about now is why you haven’t added videos to your product listings yet, and whether you can really afford to leave the revenue these will provide you unclaimed. Our pay-per-view ecommerce video solution can be up and running on your site by this time tomorrow.

What are you waiting for?

Contact us for details now:)

Afterword

A few days after posting this I was notified that Shaun Ryan of SLI Systems did an interview with Treepodia client Lee Brown of Online Golf. During the interview Lee shares that people who view a video on their site are 85% more likely to buy than people who don’t. In Shaun’s words:

This is one of the strongest endorsements for online video I’ve ever seen

The original post on the SLI Systems blog is here: http://www.sli-systems.com/blog/2009/10/viewing-videos-increases-sales.html

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Posted by mike On December - 15 - 2009 Promoted Return on Investment

Smart Video Gallery

A user-friendly interface that automatically chooses the highest converting videos on your website, and presents them as a video gallery (See it live):

The player from Forzieri.com's "Smart Video Gallery"

The player from Forzieri.com's "Smart Video Gallery"

3D Video Gallery

An advanced design and functionality of the smart video gallery (See it live):

3D Video Gallery on Askingtv.com

3D Video Gallery on Askingtv.com

Smart Video Banners

This application converts your videos to smart banners, determines which work better, and then promotes those with the highest performance. Smart video banners can be integrated anywhere on your website as well as external sites.

See a demo

Automatic Cross Sell Videos

These videos increase your average order and can be displayed either in the shopping cart pages or within the product pages themselves. You can provide us with your own cross sell information or, if you prefer, let our system automatically learn and determine your shoppers’ behavior in order to offer them the most effective, highest converting cross sell videos.

See a demo

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Posted by admin On September - 28 - 2009 Return on Investment Services and Offerings

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