Thursday, 29 July 2010

Amazon becomes the best Facebook Connect implementation yet

On Tuesday, Amazon implemented Facebook Connect to become - in our opinion - one of the greatest Connect implementations yet. This is a match made in heaven and takes Social Networking and connectedness to a new level. Read on to find out why and learn about some of the sensitive decisions Amazon made, that will make this move propel Amazon’s business and affect their bottom line.

So how does it work?

Amazon’s might, power and success is due to a large degree, to its recommendation engine. As you purchase more books, music or any of the thousands of products available, it learns about your personal tastes and sends you an email with the latest offerings that match. This is excellent for personal use, but the one aspect that has been missing all these years is understanding what your friends or family might like as a gift, sure you might ask them but what if you’d like the gift to be a surprise?
Enter Facebook Connect and what you see on the right in the image below is a list of friends birthdays.
Clicking on the Amazon Facebook Page brings up options to see gift suggestions for friends as well as which books/products are popular among specific friends.
This makes it extremely easy to spend money with Amazon - by simply clicking on a recommended gift I can purchase a friend a gift that they actually want and don’t even have to know where it should be delivered because Amazon should have those details already.

What are the benefits of connecting Amazon and Facebook?

Tap into your Facebook network to improve your Amazon shopping experience:
  1. Discover Amazon recommendations for movies, music, and more based on your Facebook Favourites and Likes.
  2. See upcoming birthdays and find Amazon Wish Lists for your friends on Facebook more easily.
  3. Get great gift suggestions for your friends based on their Facebook Favorites and Likes.
  4. Explore your friends' Favorites and see who has similar interests.

Treading carefully

But why would you want your friends to see what products you have purchased before? That could be dangerously close to privacy violations and perhaps the end of a marriage or two. So how has Amazon solved this problem?
Quite easily actually:
Your personal Amazon data will not be shared with Facebook:
  1. Amazon will not share information from your account with Facebook.
  2. Amazon will not share your purchase history with Facebook.
  3. Amazon will not attempt to contact your friends on Facebook.
  4. Amazon will never post anything to your Facebook Wall without your consent.
This means that only the information that you have shared on Facebook or have Liked on the web is pulled into Amazon from Facebook and not the other way around.
Let’s wait and see the impact this has on Amazon's bottom line.

Friday, 16 July 2010

Facebook - A retailers best friend!

Since social media is the hot topic that is permeating our everyday lives, Web Analytics World (WAW) thought it was important to check in with customers to get their thoughts. How do they interact with retailers via social media? How would they prefer to interact? What value are they seeking from their interactions with retailers via social media?

Find out answers to these questions and some best practices for retailers below.
As part of the study of nearly 10,000 visitors to the biggest e-retail websites in the United States, Fore-See Results wanted to use the methodology of the American Customer Satisfaction Index (ACSI) to examine these issues, because the ACSI is able to show how different elements of a shopper’s interactions with a company (including on social media) impact their purchase intent, loyalty, and recommendations.

Key Findings:

What WAW found is validation that social media is a viable marketing strategy when one understands what customers want and know which social media platforms such customers frequent.
  • 56% of shoppers to top e-retail websites who interact with social media websites have elected to “friend” or “follow” or “subscribe” to a retailer on a social networking site like Facebook, Twitter, and YouTube.
  • Facebook is by far, the best place to reach shoppers—both because it’s where they already are, and it’s where they want to hear from retailers.
  • Customers mainly interact with retailers on social media sites to learn about products and promotions— a marketer’s dream come true!

Consumers Blending Social Media, Email Marketing

Alison Diana InformationWeek
Almost 40% of consumers consult Facebook and Twitter to complement the information, deals, and news they receive from companies via e-mail marketing, according to a new study by ExactTarget.
"Consumers don't silo their engagement with brands to a single channel, instead they tend to layer marketing channels on top of one another to meet their different objectives," said Morgan Stewart, principal, ExactTarget's research and education group, in a statement. "The things that motivate consumers to go online initially dictate where and how they choose to engage with brands -- whether that be e-mail, Facebook, or Twitter."
The buying public apparently are willing to develop relationships with businesses: More than 90% of consumers that are a fan of or like at least one brand on Facebook also get at least one permission-based marketing e-mail each day, the study of 1,500 consumers found. And more than three-quarters of consumers that follow at least one brand on Twitter, subscribe to at least one brand's e-mail marketing, according to the Social Profile study.
"Simply understanding demographics of a customer group is no longer enough," said Tim Kopp, ExactTarget's chief marketing officer. "By bridging the gap between demographics and consumer motivations, the Social Profile research identifies unique personas that give marketers an entirely new level of understanding of consumer behavior."
One-third of consumers identified themselves as "info seekers" and were most-heavily influenced by product reviews, and other forms of user-generated content. About 45% of mothers with children living at home called themselves "deal seekers" and on average were a fan of 10 brands on Facebook, followed 10 companies on Twitter, and received 14 permission-based marketing e-mails every day, the study showed.
Slightly more than one-fourth of buyers under 25 called themselves "social butterflies." These consumers were fans of the most brands on Facebook and were most likely to buy from companies that send permission-based e-mails, according to ExactTarget's study.
Ice cream giant Ben & Jerry's disclosed this week it will rely on Facebook and Twitter to communicate with consumers, sending only one e-mail newsletter per year, according to reports.
And instead of unveiling its 2011 Explorer at an auto show, Ford is expected to debut its latest SUV this month on Facebook, according to USA Today.

Best practices for retailers - stick to the following 8 simple rules:

  1. Make shopping more social.
  2. Engage your customers through polls and contests that get them generating the content.
  3. Enhance your page with applications that drive engagement and virality – like virtual gifts.
  4. Reward your customers with giveaways, sweepstakes, and sale coupons.
  5. Partner with causes your customers care about.
  6. Boost SEO by securing a vanity URL for your page.
  7. Bring the conversation offline.
  8. Remember to keep it simple.