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'Cyber Monday' would jumpstart the Christmas buying frenzy. Forecasts are projecting a healthy growth in online retail sales this festive season. The IMRG Capgemini e-Retail sales index is predicting a 15% increase in year on year sales. This comes as an encouraging statistic against the backdrop of a depressed economic sentiment. While the customers are getting ready to splurge, so are your competitors who would want to grab the Christmas goodies. In this buying bonanza, the websites that deliver the best shopping experience will benefit. Customer experience can be enhanced by improving the usability and accessibility of the website. To those webmasters who were unable to fully carry out efforts to improve their website's usability and accessibility, we dedicate this newsletter! The last minute changes, as discussed in this newsletter, are intended to help make up for the website's inadequacies. We hope that these changes would help you to improve further on and thereby increase the potential for better sales. Will this holiday season be any different?Christmas is certain and people will spend money to buy gifts. This sentiment is reflected in the Nielsen report on 'online shopping trends' which states that "Consumers across the globe are increasingly swapping crowded stores for one-click convenience, as online shopping becomes a safe and popular option." While the upward trend in online retail is a certainty, the tight financial condition is likely to influence consumer buying behavior. Some of the most evident buying behaviors are:
Deck the HallsAccording to National Retail Federation's 2008 Holiday Consumer Intentions and Actions Survey, three quarters of shoppers have completed less than 10% of their shopping. This could be attributed to the fact that though Christmas buying season began as early as September, the past two and a half months or so was primarily the 'research phase'. The 'buying phase' begins towards the end of November, peaks during the first week of December, and continues up until Christmas day. With such little time, the changes that would deliver the maximum benefits should only qualify to be implemented. A few of those are detailed below:
The icing on the cakeIn addition to the aforementioned aspects, you could complement your search marketing campaign by incorporating:-
Joy to the worldChristmas is by far the biggest and most important online retail season. You will have to prepare your online shop to capitalize on this shopping extravaganza. Just fewer than 36% shoppers (63.3 million) will begin shopping between Thanksgiving and December 15th, and 25.6% shoppers (45.3 million) would shop from 16th till 23rd of December (Mediamark Research & Intelligence). The aforementioned tips would not only play a pivotal role in helping you grab a slice of this mega buying event, but also assist in making your online marketing strategy recession proof. Time is short yet sufficient for the final polish. HAPPY SELLING!We would appreciate if you could send us your feedback which would help us in making this newsletter more useful. |
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