As marketers, it’s essential that we sometimes step back and challenge our own assumptions. In many cases, we take things for granted that are simply not true. Here are three.
- “Email marketing doesn’t really work.”
Not true. E-mail marketing absolutely works. In fact, over the five days from Thanksgiving through Cyber Monday, it continues to be the strongest channel for generating online sales. In fact, it accounted for 25.1 percent of transactions, according to Custora, which tracks e-commerce and benchmarks retailers. The key? Sending impressive and relevant offers to customers who have expressly opted in. Companies that do this well are seeing big returns.
- “Social media drives e-commerce sales.”
Not true. Over the same five-day shopping period, Custora also found that social media drove only 1.7 percent of online sales. So if you’re dubious about Facebook, Instagram and Twitter driving any serious sales (retail or otherwise), you’re probably right. Simply, while social media plays a role in influencing purchase decisions and search results, it doesn’t drive e-commerce sales yet. Yes, there are a few exceptions. But considering we’re past the peak of the Facebook era, social media in its current form may never establish itself as a main sales driver.
- “When shopping online, consumers go to Amazon first.”
Not true. While many consumers may indeed end up making a purchase on Amazon, Google Shopping is establishing itself as the 800-pound gorilla of online deal hunting and where they start first. In other words, instead of consumers wading through lots of different deal sites (like slickdeals.net or woot.com, for example), Google Shopping provides a consolidated look, right there in the regular search results.
Since Google transitioned to Shopping campaigns last year and Product Listing Ads (PLAs) continued to explode in popularity, retailers now have access to more tools, more advanced reporting and more competitor data than ever before. The e-commerce consulting firm Channel Advisor notes that Google Shopping is even cannibalizing its own search results.
As always, we encourage our clients to challenge their assumptions, look beyond the status quo and make data-driven decisions. Not surprisingly, given the dynamic nature of online shopping and e-commerce, hard-and-fast rules usually don’t last too long.
If you’d like some help evaluating your assumptions and discovering what’s actually true for your business, drop us a line.