Wednesday, August 30, 2006
This is such a great example of the current opportunity that exists in the W2S world. I am betting (as many others are) that mobile applications (such as couponing) will lead the charge in connecting the Web with in store shopping. To drive this bridge forward, the new Web - to - phone space will need to continue to evolve.
To read the full article, click here
Tuesday, August 29, 2006
Here is a clip from a recent DM News article that demonstrates how much of a part web - to - store sales constitue for one major retailer. It just goes to show how powerful the W2S behavior pattern is becoming.
Multichannel Marketing is Key Says Shop.org
"Another key point is that Web-to-store traffic is a big business. Circuit City gets 50 percent of its customers visiting its Web site at www.circuitcity.com before coming into its store, Scott Silverman (executive director for Shop.org) said. The electronics retailer has also seen a lot of traffic to the store for online returns, which results in new sales.
The Web site not only works in concert with stores, but also with catalogs. Mr. Silverman said that catalogs are evolving and that there is often a spike in online sales just after a catalog drops."
Wednesday, August 16, 2006
For example, the system works when a "bot" scans copy relating to children’s nutrition and healthy cereals on a host site, and then generates links to consumer-printable coupons for whole-grain cereals manufactured by or available at the coupon’s sponsor. The offer of a printable coupon appears in a small window that’s launched when a consumer mouses over highlighted words in the copy. When printed, the coupons are then redeemable at local retailers.
One metric of success for the system, will be an increase in coupon printing and redemption for participating marketers. While many CPG and other sites already offer printable coupons, consumers generally have to look for them in a dedicated area of the site. The contextual presentation of the coupons in the program already is producing multiple double-digit increases in the rate of coupons being printed on participating sites. Coupons, Inc. anticipates that it could increase the store redemption rate, now averaging about 15% to 17% by a few percentage points.
What makes this interesting is that coupons are one of the "tools of the trade" that W2S firms use to help prove that consumers are in fact making the leap from researching online to purchasing instore. However, using coupons to make a business case has traditionally been a very difficult task as the print and redemtion rates are usually very low (much lower than the claimed 15%-17% redemption rates that Coupons, Inc claims). What would be interesting is to possible try out this new technology of serving coupons to consumers in a more relevant manner, and then to see if the results of viewing -> printing -> redemption is any better.
To read more about this store, click here
This is good news for the online circular market, as this only goes to prove that FSI's remain a great marketing vehicle to reach consumers with relevant local sale information.