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Most consumers will purchase back-to-school items in August and plan to spend
between $100 to $500, according to survey findings released by
Platform-A’s ADlytics Strategic Insights
Group. Don't think for a minute that those brick and mortar folks get all
the activity though. The survey revealed that there is plenty of opportunity for
online marketing to influence back-to-school revenue:
- 83% of consumers indicate that they’re somewhat
likely to seek information on promotions they see online.
- Women are typically the primary decision-makers
for back-to-school purchases.
- 40% of consumers who buy early are likely to
purchase electronic items vs. later shoppers (17%), suggesting that
advertisers may want to promote laptops, cell phones and other electronics
during the earlier summer months.
Avail Intelligence (a provider
of behavioral merchandizing software) seems to agree that it will not be
long before students head back to school and that now is the time for merchants
to prepare.
From a recent announcement: With only a handful of high-sales shopping
seasons per year, it is critical that eCommerce sites capitalize on spikes in
traffic to build trust with shoppers, converting them to repeat customers. To
achieve this, eCommerce Websites can easily deploy behavioral merchandizing
technology designed to mine the various data collected from each consumer
transaction.
Avail Intelligence has devised the following list of key functionalities online
merchants should look for in eCommerce optimization software:
- Intelligent mining of large data sets - Offers
real-time, automated predictive suggestions
- Behaviorally driven recommendations - Generated by
peers, opposed to marketing professionals, these are the most respected and
trusted by consumers
- A/B testing - Illustrates the conversion rates of
consumers and the overall effectiveness of the software. More advanced
systems use these results to identify sales uplift for only those
transactions directly affected by the technology