We've recently been fielding questions from current and prospective clients struggling with navigating YOY e-commerce numbers as the "in-person" world opens up again. If your business was one of those lucky enough to have navigated the pandemic and not only hold on to your sales revenue but grow during this strange time, you may be finding yourself having lots of conversations about how to maintain those numbers moving forward. (The old sales conundrum: any win becomes the new baseline).
So this month, we're diving into consumer trends related to e-commerce, what you can do to grow your YOY online revenue, and how to view your revenue through a new, post-(ish)-pandemic lens.
Real talk: If you’re like me then owning a business, raising kids, and trying to grab social connections when you can, all while balancing personal wellness, managing a predictable schedule feels nearly impossible these days.
I’m a home cook; I love going grocery shopping. Picking out my fresh produce and spending time creating a meal plan with seasonal ingredients is my happy place. However, recently I've had to trade in my love of in-person grocery shopping for a more efficient, online, approach to balance time with my family.
I think this is a common conundrum with many people looking for balance. Even as we exit the pandemic, as we attempt to downshift from the culture of overextension and the Immediacy Era we’ve found ourselves in, people will likely continue to adopt more efficient buying habits. This doesn't mean I will never grocery shop again (because, let’s face it, Instacart never grabs the good produce), but it does mean that I will make trade-offs between what I used to always do in-person and what I now sometimes do online. I may no longer browse in-store for a friend's birthday gift so that I can make my weekly farmers' market trip.
We're all figuring out the art of convenience versus sacrifice. The digital era may be taking more of our time, but it also allows us to streamline ongoing lifestyle needs. According to McKinsey & Company, during the pandemic era 75% of US consumers have tried a new shopping behavior.
So...back to the original question: What can you do to continue to convert more online business?
YES! Always bundle shipping into your prices! These days, shoppers get irritated when they feel they are paying for shipping—90% of consumers say they would shop online more if guaranteed a free shipping option. This is not shady; this is business. Do you publicize your manufacturing fees along with your final sales price? No, it’s business and you don't always need to show how the sausage is made!
There’s no need to include every product and sub-group in your navigation. Think of your navigation as a little guidepost. Broaden the focus; Men’s, Women’s, Home Goods, and then create your funnel or filter from there. Everyone hates being lost, make it easy for people to get to where they want to be.
They say content is king for a reason; it can pull a consumer in and close the gap on the sale. People shopping online need to know the material and size of what they are buying so they feel solid about the purchase. More information around your products will deepen any trust or loyalty between the brand and the consumer. It’s also great for SEO!
We all understand that occasionally a bad review will happen, and customers will let it go in a sea of good reviews. (Alternatively, if you're receiving several bad reviews, it's time to take a close look at your product or service.)
E-commerce can be scary; especially with environmental considerations top of mind, shoppers want to avoid the hassle of returns; they want to know what they are buying is smart and aligns with their needs. So share those reviews!
I’m a big fan of the sidebar checkout in Shopify. I love knowing what I have in my cart and what my running total is at all times (and it can tally any sale items which could mean my transaction opportunity is higher).
Additionally, I LOVE Shopify's Shop Pay...maybe a little too much, just ask my wife. It makes checking out a breeze by remembering my contact/shipping/billing details so I can quickly and efficiently navigate through the process.
Online shopping's kryptonite is an abandoned cart—if you can address those carts, then you're well on your way to capturing a big chunk of additional revenue.
Scenario: you have items in your cart, and your phone rings, baby cries, your oven timer goes off, and you completely forget what you were doing, or that shopping window has vanished. Fear not! Through SMS, the retailer can send you a quick and delightful nudge to finish up your purchase.
No, this is not annoying or overkill; it's actually helpful and nice to have a reminder and potentially save a little bit of cash. Plus, it makes me feel like I don't need to shop around.
I hope my musings on the future of e-commerce and how to leverage opportunities have helped—or at least offer some comfort. If you'd like to talk further, please reach out. Or, find me in your neighborhood produce aisle!
As we enter Q4, the holiday season brings both opportunities and challenges for lifestyle brands. This year, with Thanksgiving, Black Friday, and Cyber Monday falling later than usual, brands must navigate a compressed calendar. With only one shot to get their promotions right, early preparation and a well-executed strategy will be key to maximizing revenue. Here are some tips and a detailed roadmap to ensure your brand thrives during this busy season.
Now that you're armed with essential tips, here’s a week-by-week roadmap to guide you through the holiday season.
Week 1 (Early October): Establish Your Promotion and Budget
Week 2 (Mid-October): Prepare Creative Assets and Website
Week 3 (Late October): Build Campaigns and Get Gift Guides Live
Week 4 (First Week of November): Finalize and Test Promotions
Week 5 (Mid-November): Launch Your Holiday Campaigns
Week 6 (Thanksgiving Week): Make the Final Push for Black Friday/Cyber Monday
Week 7 (Post-Shipping Cutoff): Emergency Gifting and Gift Card Campaigns
To make the most of Q4, lifestyle brands must balance early preparation with last-minute flexibility. A strong, well-executed strategy—starting early, using personalization, and leveraging urgency—can help brands stand out in a crowded market and maximize revenue. Stay tuned for more service-specific holiday tips, and if you need assistance refining your Q4 approach, the team at Good & Gold is here to help. Contact us today for expert guidance.
In the rapidly evolving digital landscape, staying ahead of the curve is essential for any eCommerce and online business. One of the latest innovations shaking up the industry is Google's Search Generative Experience (SGE).
But what is SGE, and how is it impacting click-through rates (CTR) for eCommerce websites and online businesses?
This article delves into the implications of SGE for eCommerce businesses, exploring how this new technology affects search behaviors and what businesses can do to adapt.
Search Generative Experience (SGE) is Google's groundbreaking feature that uses advanced generative AI to enhance the traditional search engine experience. Unlike the standard search algorithms that focus on ranking pages based on keywords, SGE delivers more contextually relevant, personalized, and interactive results. This AI-driven approach aims to understand the user's intent better and provide them with comprehensive answers directly on the search engine results page (SERP).
SGE can generate detailed responses to queries, often pulling from multiple sources to create a synthesized answer that appears at the top of the search results. This innovation marks a significant shift in how users interact with search engines and, consequently, how businesses need to approach search engine optimization (SEO) and marketing.
This change aligns with Google's broader mission to make information universally accessible and useful but introduces new challenges and opportunities for online businesses.
The introduction of SGE is significantly altering the landscape of CTR, which is a key metric for evaluating the effectiveness of search-based marketing strategies. Here’s how:
With SGE providing detailed answers directly within the search results, users may no longer feel the need to click through to a website to find the information they need. This shift could result in a decrease in CTR for traditional organic search results, as users might find their queries sufficiently answered without leaving the search engine results page (SERP).
Traditional SEO practices, which have long focused on optimizing content for specific keywords to rank higher in search results, will have to evolve. Businesses will need to consider how to optimize for SGE, focusing on providing content that complements the AI-generated responses or offers value beyond what SGE can provide directly.
As SGE becomes more prevalent, the importance of securing featured snippets and rich results (like images, videos, and other interactive content) grows. These elements are more likely to capture attention within an SGE-enhanced search environment, offsetting some of the CTR declines for traditional links.
While overall CTR might decline, the traffic that does click through may be of higher quality. Users who proceed beyond the SGE responses are more interested in the products, leading to better conversion rates.
SGE is transforming the way consumers search for and discover products online, which has significant implications for eCommerce businesses. Here are some of the key impacts:
One of the most immediate impacts of SGE on eCommerce businesses is the potential reduction in organic traffic.
For many eCommerce businesses, particularly smaller ones, brand visibility on Google’s SERPs (Search Engine Results Pages) is crucial for attracting customers. However, as SGE offers more detailed answers within the search results themselves, the space for traditional organic listings may become more limited. This can make it more challenging for eCommerce brands to stand out, especially if they are not among the top results or if their content is not featured in AI-generated snippets.
The rise of SGE asks for a shift in SEO and content strategies for eCommerce businesses. Traditional keyword optimization is no longer be sufficient. Instead, ecommerce businesses need to focus on creating content that is optimized for AI interpretation, such as by addressing common customer queries concisely and directly. Additionally, structured data and schema markup are becoming increasingly important to ensure that product information is easily understood and featured by SGE.
On the positive side, SGE has the potential to enhance the customer experience by providing more accurate and tailored search results. For example, if a user searches for a specific product, SGE could generate a detailed product comparison or a summary of reviews, helping customers make more informed decisions. This could lead to higher quality traffic, as users who do click through to an eCommerce site may be more ready to purchase.
SGE's ability to present rich media and visual content directly within the search results is another factor that eCommerce businesses must consider. High-quality images, videos, and other rich content formats play a more significant role in attracting attention within an SGE-dominated SERP. Businesses will need to invest in creating compelling visual content that can stand out in this new environment.
To thrive in the age of SGE, eCommerce businesses must adapt their strategies to align with this new search landscape. Here are some actionable steps:
Focus on creating content that is easily digestible by AI, such as concise product descriptions, FAQs, and other content that directly answers common questions. Implementing structured data is also essential to ensure that your products are prominently featured in AI-generated responses.
Invest in high-quality images, videos, and other forms of rich media that can enhance your visibility within SGE's search results. Consider creating video content that showcases your products, as videos are more likely to be highlighted by SGE.
As SGE improves the quality of search results, ensure that your website provides an equally high-quality user experience. This includes fast loading times, mobile optimization, and a seamless checkout process, all of which are critical for converting high-quality traffic into sales.
SGE is a game-changer in the world of search, offering users more detailed and contextually relevant answers directly within the SERP. For eCommerce businesses, understanding **what is SGE** and how it impacts CTR is critical for adapting to this new search paradigm. While SGE presents challenges, such as potential declines in organic traffic and increased competition for visibility, it also offers opportunities for businesses to attract higher-quality traffic and improve conversion rates. By optimizing content for AI, investing in rich media, and refining paid search strategies, eCommerce businesses can continue to thrive in an increasingly AI-driven market.
In the world of digital marketing, data is king. Understanding how your ads perform, where your traffic comes from, and how users interact with your website is crucial for making informed decisions. While standard ad platform tracking and Google Analytics 4 (GA4) offer valuable insights, they come with certain limitations. In this blog post, we'll explore the pitfalls of standard ad platform tracking, the challenges of GA4, and how third-party tracking solutions can provide a more comprehensive and accurate picture of your marketing efforts.
Standard ad platform tracking, such as those provided by Facebook Ads or Google Ads, often suffer from platform bias. Each platform tends to attribute conversions to itself, leading to over-reporting. This bias can distort your understanding of which channels are truly driving results, making it difficult to allocate your budget effectively.
Ad platforms typically track data within their own ecosystem. This siloed approach means that cross-platform insights are limited. If you're running campaigns across multiple channels, it becomes challenging to get a unified view of your customer journey and overall marketing performance.
Standard ad platforms often use last-click attribution by default, which credits the final touchpoint before a conversion. This model can undervalue upper-funnel activities like awareness and consideration campaigns that play a crucial role in guiding customers down the funnel.
GA4 introduces a new way of tracking and analyzing data, which can be complex and require a steep learning curve. For marketers used to Universal Analytics, adapting to GA4's event-based model and navigating its new interface can be daunting.
GA4 often employs data sampling when processing large datasets, which can lead to inaccuracies. Sampled data might not fully represent your actual traffic and user behavior, leading to potentially misleading insights.
With increasing privacy regulations like GDPR and CCPA, GA4 has implemented stricter data collection practices. While this is a positive step for user privacy, it can result in less granular data and limitations on tracking certain user interactions.
Third-party tracking solutions excel in providing cross-platform attribution, allowing you to see the complete customer journey across multiple channels. This holistic view helps in accurately identifying which touchpoints contribute most to conversions, enabling better budget allocation.
Third-party trackers often utilize advanced algorithms and methodologies to reduce data inaccuracies and biases. This ensures that you get a more precise understanding of your marketing performance without over-reliance on any single platform's data.
Unlike standard ad platforms and GA4, third-party tracking solutions offer greater customization options. You can tailor tracking to fit your specific business needs, set up custom attribution models, and create detailed reports that align with your marketing goals.
Third-party solutions provide in-depth reporting capabilities, combining data from various sources into a single dashboard. This unified reporting helps in making more informed decisions and understanding the true impact of your marketing efforts.
Many third-party tracking providers prioritize privacy compliance, offering tools and features that help you adhere to regulations while still gaining valuable insights. This balance ensures that you respect user privacy without sacrificing data quality.
While standard ad platform tracking and GA4 offer valuable insights, they come with significant limitations that can hinder your ability to fully understand and optimize your marketing efforts. Third-party tracking solutions address these challenges by providing cross-platform attribution, enhanced accuracy, greater customization, comprehensive reporting, and advanced privacy compliance.
Investing in a robust third-party tracking solution can be a game-changer for your marketing strategy, helping you make data-driven decisions with confidence and ultimately driving better results for your business.
In the world of branding, every project tells a story—a narrative creative from collaboration, creativity, and a shared vision for the future. At Good & Gold, we've had the privilege of embarking on such journeys with remarkable entrepreneurs like Amanda Hughes, the visionary behind The Ice Cream Stand and Cream & Coffee.
In the summer of 2023, Amanda, the owner of The Ice Cream Stand nestled in Downtown Syracuse, approached us with a desire to breathe new life into her beloved ice cream shop. Collaboratively, we embarked on a mission to create a vibrant brand identity that captured the essence of her woman-owned ice cream shop.
From brainstorming sessions to design mockups, together we crafted a lively brand identity that perfectly complemented the spirit of her shop—a colorful celebration of homemade delights and community connection.
Fast forward to early 2024, Amanda approached us again with a new vision taking shape. Enter Cream & Coffee, the Ice Cream Stand's cool, homemade little sister—a fusion parlor nestled by the lake in Skaneateles, NY. With Amanda's business plan in hand, we embarked on a new mission, this time helping build a brand from the ground up.
Drawing inspiration from the rustic charm and historic allure of Skaneateles, we set out to create a brand identity that felt warm and inviting. Handmade touches, warm neutral tones, and a touch of nostalgia of the historic lake town formed the cornerstone of Cream & Coffee's brand identity.
The result of this branding journey is two unique brand identities, each hand crafted to honor the personality and individuality of the shops they represent. Our experience with The Ice Cream Stand and Cream & Coffee has been a testament to the power of collaboration, creativity, and a shared passion for capturing the vision and essence of a small brand.
At Good & Gold, we take pride in contributing to the journey of turning entrepreneurs' and small businesses' dreams into reality. To learn more about the journey of branding & logo design, sign up for our monthly newsletter to get access to our latest eBook - Introduction to Logo Design & Brand Development.