|
|
| | | | | Challenges:
- This leading European fashion retailer has one of the largest ecommerce operations within its industry across Europe
- The Company has increasingly embraced video content (e.g. product demos; catwalk footage; TV Ads) It wanted to exploit that video content more effectively
- This fashion retailer also recognized the fast changing expectations of online shoppers and wanted tools that would enable it to create a compelling social commerce offering
- It wanted to work with a supplier that would not only provide suitable tools, but help them to determine where and how best to put their plans into action
Solutions: Knexus provided a solution using its Social Video App and secure admin panel. The solution focused on achieving four objectives:
- Making video content more prominent and integral to the user experience on target brand ecommerce sites
- Integrate video into the buying experience so its easy for a customer to buy directly from seeing a product on video
- Integrate customer conversation around video to increase the value of the video in terms of informing, building trust & confidence . Fulfils the needs of a growing band of consumers who want peer group insight before making a purchase
- Make content more viral within the user experience so that consumers who like what they see with video content can easily share it with a friend, post to Facebook or Twitter etc
Knexus is using its K’nex-us Social Video App to deliver video content and integrated social interactions on this fashion retailers brand ecommerce sites
- The video content is primarily celebrity based content
- Knexus Professional Services team worked with this retailer to create a roadmap for where and how social video should be deployed and integrated with ecommerce capabilities
- The Social Video App provides a single, seamless user experience between watching video , engaging with the content through peer group interactions and choosing to make a purchase
- This approach improves the level and quality of interactions around video content, accelerates decisions and optimizes sales
- Consumers ask questions, post recommendations & share content on third party social networks
- The App is easily deployed on different pages or sites with any mix of video content
- Combined with extensive analytics, the App is ideal for testing new content/utilizing video in new ways
- The secure Admin Panel provides powerful and agile tools to support the ecommerce and marketing team
- Features include quick upload and deployment of new video, manage and approve pre-production content, archive video, customize social features, moderate social activities around content and customize admin rights for different admin levels
- The ecommerce team access reporting tools with in depth analysis of user behavior, content popularity
& usage to evaluate ROI - Customization capabilities that have been enabled include merging social video and ecommerce functionality – so users can purchase directly from video content
- The solution is provided as a service with guaranteed delivery, storage and bandwidth capabilities to ensure a compelling user experience
Results:
Due to the early stage of deployment, we can’t provide specific data points yet. However, we can share the measurement framework and provide examples of data used to compile targets. Key measures include:
- Revenue – There is the capability to purchase directly from the App; we anticipate the use of video will makes users more likely to purchase; access to peer group conversations are also projected to accelerate decisions & increased trust
- Engagement – Consumers ability to share reviews, explore product recommendations and interact with other end users is forecast to engender a greater sense of willingness to make online purchases with some users
- Traffic –Site traffic increases are targeted through a viral approach of video content distribution , more social engagement on sites and an uplift in organic search results from both video and social content
We’ve created targets based on industry benchmarks. Examples of the data included to compile these include:
- Using video in eCommerce solution can increase conversion rates by 40% (ReelSEO)
- Customers who view product videos on OnlineGolf.com are 85% more likely to buy than shoppers who do not view videos (Multichannel Merchant Report)
- Videos are 53 times more likely than text pages to appeared on the first page of search results (Forrester)
- Implementing online video strategy properly increased page views by 123% (Discovery Channel)
- Shoppers who browsed the site's new "Top Rated Products" page, which features products rated most highly by customers, had a 59% higher conversion rate than the site average and spent 16% more per order than other browsers of products (Bass Pro Shops)
|
|