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- D2C Caffeine - Issue No. 5
D2C Caffeine - Issue No. 5
The Anatomy of a Successful Brand
The Anatomy of a Successful Brand
Working with 100s of Brands - Analysing, Monitoring, Learning, and Optimising stuff- for them have taught us a few lessons on what it takes for a D2C brand to be successful.
Listen Up!
1. Website/e-store & other Applications
93% of consumers find visual appearance to be the only deciding factor in purchasing decisions. - KEY → Awesome UI
57% of online shoppers will abandon a site if it takes over 4 seconds to load. And 80% of them won’t return. - KEY → Speedy Application
58% increase in sales by providing the right information. User Generated Content (UGC) along with alternative images, similar products etc. - KEY → Consistency in information for all products/services
Consumers basically want to do what they want, when, where, and how they want to do it.
That’s where Social Commerce comes into play!
↓
2. Channels and content representation
Gen X - 76% on Facebook
Gen Z - 87% on WhatsApp, 65% on Instagram, 43% on Facebook
Across all age groups - 71% on YouTube, 28% on Twitter
How consumers currently use social media to engage with brands
68% Ask questions before making a purchase
64% Make a purchase Directly through Social Media
59% Prefer post-purchase customer support through instant messaging apps like WhatsApp
Noteworthy -
Facebook ranked #1 in terms of purchase inspiration overall, with significant skew towards older age groups
WhatsApp is ranked highly across all age groups
General Issues in the Gen Z era -
6/10 are unimpressed when it comes to CX on socials when making a purchase
Less than 30% of brands provide direct purchase feature through social media
Among the brands which do, only 40% of consumers feel they are receiving decent enough CX on the socials purchase journey.
With Gen Z showing the greatest frustration, and them being the biggest Market only emphasises the need for improvement in the Social Media side of E-commerce.
3. Features and Technical Aspects
What are we talking about?
Super Flexible Return Policy - 68% of shoppers stay loyal because of a hassle free policy
Omnichannel Customer Service - Gen Z, the Millennials, Gen X, everyone is on different channels. So, better be on them!
Seamless Checkout Process - Like a 1-Click Checkout is why 36% of users go through with a purchase.
Plenty of Payment Options - Brands with over 5 options are considered to be customer centric
Payment Security - 61% did not complete a purchase due the lack of 1 or more trust seals
4. Mobile First
Over 65% of purchases are done via smartphones.
And 75% of smartphone users abandon sites if not mobile optimised.
Note - Consumers generally use mobile to compare products, prices etc. Meaning, a brand is at a serious disadvantage if not tuned for Mobile usage.
BONUS
Paid Media is no Taboo
Harness the power of first-party data - With Apple iOS and Google Chrome entering a cookieless world sometime in 2022, reliance on third parties will gradually decline.
Leverage tools to seamlessly integrate your first party data into advertising channels
(*cough* Logisy *cough* *cough*)
Customers may want privacy but they also want to be approached in a personalised manner. Yeah, like a double-edged sword.
Balance the two and reach appropriately.
If a user has provided signals through daily searches etc that they are interested in a particular product or service, they are prone to expect advertisements specific to those products.
And leveraging user segmentation using first-party data will deliver these desired results.
That’s the end of our talk on 'The Anatomy of a Successful Brand'...
See you on the next coffee date!
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