{"id":24568,"date":"2023-01-06T17:00:20","date_gmt":"2023-01-06T17:00:20","guid":{"rendered":"https:\/\/www.revuze.it\/blog\/?p=24568"},"modified":"2023-01-06T12:45:16","modified_gmt":"2023-01-06T12:45:16","slug":"e-commerce-personalization","status":"publish","type":"post","link":"https:\/\/www.revuze.it\/blog\/e-commerce-personalization\/","title":{"rendered":"How to Implement E-commerce Personalization and Revolutionize Your Brand"},"content":{"rendered":"
It\u2019s no secret that nowadays, customers expect and demand a more personal touch from companies they do business with. That\u2019s why e-commerce personalization is essential for the success and growth of your business. Whether you\u2019re looking to get started with personalization or to improve its effectiveness, this guide is for you.\u00a0<\/strong><\/p>\n In the age of the \u201cFor You Page\u201d and \u201cBased on your previous interaction\u201d messages, a one-size-fits-all approach to e-commerce simply won\u2019t do. Because the modern consumer doesn\u2019t just want personalization \u2013 they demand it.\u00a0<\/span><\/p>\n According to <\/span>McKinsey<\/span><\/a>, \u200b\u200b71% of consumers expect companies to deliver personalized interactions, and 76% get frustrated when they don\u2019t get them. That\u2019s why companies that can deliver personalization generate 40% more revenue than those that can\u2019t.\u00a0<\/span><\/p>\n The bottom line?\u00a0<\/span><\/p>\n In today\u2019s commercial landscape, personalization is a must for e-commerce companies that want to capture market share and grow their revenue.\u00a0<\/span><\/p>\n Those who don\u2019t offer personalization will fall behind.\u00a0<\/span><\/p>\n But those who do will reap the rewards.<\/span><\/p>\n This article will offer a complete guide for companies who want to get familiar with personalization and for those that seek to improve it.<\/span><\/p>\n We\u2019ll share insights on what it is, why you need it, and how to do it, along with inventive e-commerce personalization examples.\u00a0<\/span><\/p>\n Let\u2019s dive in.\u00a0<\/span><\/p>\n E-commerce personalization is the practice of using real-time zero and first-party customer data to display dynamic content specific to the customer.\u00a0<\/span><\/p>\n A range of user data can be the basis of e-commerce personalization, including their:<\/span><\/p>\n <\/p>\n In this personalized example, Mother Earth Products uses subscribers\u2019 date of birth to offer discounts on their special day<\/span><\/i><\/p>\n E-commerce personalization can be delivered across multiple channels, including on a website, in an app, and through emails and text messages. Further, it can be presented to any lead, no matter where they are in the <\/span>sales funnel<\/span><\/a>.<\/span><\/p>\n The truth is that personalized e-commerce is already pretty dominant, and you\u2019ve most likely seen it all over the place, like in:<\/span><\/p>\n When done well, a personalized e-commerce experience can feel like magic.\u00a0<\/span><\/p>\n Each customer is given a VIP treatment customized to their needs, leading them on a journey from brand awareness to product discovery to repeat purchasing.<\/span><\/p>\n E-commerce personalization offers many crucial benefits to both customers and businesses. It\u2019s an incredibly effective tool that it has become an absolute must-have for any company.<\/span><\/p>\n Let\u2019s review what it can do for you and your shoppers.<\/span><\/p>\n First and foremost, e-commerce personalization can help you generate more sales than ever.\u00a0<\/span><\/p>\n A whopping <\/span>88% of online shoppers<\/span><\/a> are more likely to continue shopping on an e-commerce website that offers a personalized experience.<\/span><\/p>\n This means that personalization is a key tool that can be used to convert visitors into paying customers, with everything from personalized recommendations to special discounts helping to increase conversion rates.\u00a0<\/span><\/p>\n Indeed, it\u2019s reported that conversion rates increase considerably with the number of personalized page views, with conversion rates doubling from <\/span>1.7% to 3.4%<\/span><\/a> when a visitor views three pages of personalized content as opposed to two.\u00a0<\/span><\/p>\n E-commerce personalization also has the added benefit of improving the <\/span>e-commerce customer experience<\/span><\/a>.\u00a0<\/span><\/p>\n By using data to get a clearer picture of your customers\u2019 needs and pain points, you can better cater to individual customers, meeting their preferences throughout the entire customer journey.<\/span><\/p>\n Creating an experience in which customers only see what\u2019s relevant to them, don\u2019t have to re-input their payment information each time they make a purchase, and are notified about relevant promotions they\u2019d want to know about \u2013 just to name a few things \u2013 all contribute to a more seamless, enhanced customer experience.\u00a0<\/span><\/p>\n <\/p>\n Songkick uses personalization to notify subscribers about relevant events based on preferences and location.<\/span><\/i><\/p>\n All of the data and important insights about your customers that you collect for the purpose of e-commerce personalization are valuable far beyond your personalization strategy.\u00a0<\/span><\/p>\n Remember, customers will be happy to share their data with you if treated with care. Use these data-collection efforts and leverage them into insights that will serve customers – all the way from <\/span>improving your products<\/span><\/a> to personalized marketing tactics.\u00a0<\/span><\/p>\n That\u2019s not to mention the fact that all of the data you capture can also be used for customer service to resolve issues more quickly and offer better solutions to any problems that might arise.<\/span><\/p>\n For instance, you may choose to offer special offers and rewards to VIP customers with a particularly high customer lifetime value, or you can use a customer\u2019s location data to give them more accurate shipping time estimates.\u00a0<\/span><\/p>\n The latter can help avoid the issue that <\/span>42% of online customers<\/span><\/a> face, where a product takes longer to be delivered than what was promised at the time of purchase.\u00a0<\/span><\/p>\n By giving your customers the kind of tailored experience they want and showing them that you know who they are and what they need, you\u2019re able to capture their loyalty.\u00a0<\/span><\/p>\n If you can provide a more personalized, seamless customer experience, you can expect your customers to stick with you and continue choosing you over the competition, boosting <\/span>brand equity<\/span><\/a>.\u00a0<\/span><\/p>\n That improved customer experience and increased loyalty that personalization can help you achieve? It also does wonders for customer retention.\u00a0<\/span><\/p>\n And holding onto your customers is incredibly important as it costs between <\/span>six to seven times more<\/span><\/a> to get a new customer as opposed to keeping the customers you already have.<\/span><\/p>\n As we mentioned above, customers don\u2019t just expect personalization anymore; they demand it.<\/span><\/p>\n By successfully implementing e-commerce personalization, you\u2019ll be able to deliver the experience your customers are looking for, allowing you to keep up with the modern digital landscape.\u00a0<\/span><\/p>\n To put it frankly, e-commerce personalization is essential to maintaining relevance and market share in today\u2019s climate.\u00a0<\/span><\/p>\n Brands that don\u2019t deliver will be left behind and passed over in favor of competitors that do.\u00a0<\/span><\/p>\n Okay, we\u2019ve made our point. E-commerce personalization is the new frontier, an undeniable necessity. The next step is implementing it, and to do so successfully, you\u2019ll need to follow these steps.<\/span><\/p>\n As a starting point, begin by defining what you want to achieve with your e-commerce personalization efforts.\u00a0<\/span><\/p>\n Not only will this help guide you when you\u2019re making choices about which tools and strategies to use, but it will also help you assess the success of your efforts later on.\u00a0<\/span><\/p>\n Some potential goals include:<\/span><\/p>\n Next, you\u2019ll need to decide which parts of the user experience you want to personalize.\u00a0<\/span><\/p>\n In order to do so, you\u2019ll need to understand what your users\u2019 journeys look like. From first learning about your brand to making a purchase and leaving a review, what interactions do your customers have?\u00a0<\/span><\/p>\nWhat is e-commerce personalization?<\/strong><\/h2>\n
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Seven benefits of personalization in e-commerce\u00a0<\/strong><\/h2>\n
Sales and conversions<\/strong><\/h3>\n
Customer experience<\/strong><\/h3>\n
Insights about customers<\/strong><\/h3>\n
Customer service<\/strong><\/h3>\n
Brand loyalty<\/strong><\/h3>\n
Customer retention<\/strong><\/h3>\n
Competitive advantage & market share<\/strong><\/h3>\n
How to implement e-commerce personalization<\/strong><\/h2>\n
Set your goals<\/strong><\/h3>\n
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Map the customer journey<\/strong><\/h3>\n