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The Psychology of sCommerce
     Do Not Be Afraid!



Dana Todd
SVP Marketing & New Business
Dana.Todd@performics.com |     www.performics.com blog.performics.com   |   @DanaTodd




                                                               New York | March 19–23
New York | March 19–23, 2012 | #sesny



          Who’s the Chick with the Purple Hair?                                           @DanaTodd



          • SVP Marketing at Performics

          • 16 years in Internet industry

          • Co-founder and former Chair of SEMPO. Founder of Newsforce and SiteLab

          • Expert witness, advisor to industry and analysts




            Performics is the original Performance Marketing firm, part of the
            Publicis Groupe worldwide. Performics inspires participation
            through performance marketing channels, integrating highly
            efficient media with relevant brand experiences.

© All rights reserved. Performics.
New York | March 19–23, 2012 | #sesny



          A Few of Our Global Brands




© All rights reserved. Performics.
It’s time to rethink the
       shopping experience:
       Regardless of
       the medium, people crave
       participation with your brand –
       and each other.

                                     New York | March 19–23
© All rights reserved. Performics.
@DanaTodd   New York | March 19–23, 2012 | #sesny



If People Like to Interact with Fashion Like This…




© All rights reserved. Performics.
@DanaTodd   New York | March 19–23, 2012 | #sesny



          And Shop with Friends Like This…




© All rights reserved. Performics.
@DanaTodd   New York | March 19–23, 2012 | #sesny



Then Why Does the Shopping Experience Feel Like This?




© All rights reserved. Performics.
What do people really want to
do socially while shopping?




                       New York | March 19–23
@DanaTodd              New York | March 19–23, 2012 | #sesny



                  Participation Shapes the Shopping Experience
                    Apple                      Hauls                JCP find more               Fashism




                     Best Buy

                                         OpenSky




            UK - StylistPick

                                                              Where To Get It
                                     Motillo




© All rights reserved. Performics.
@DanaTodd   New York | March 19–23, 2012 | #sesny



     Participants Expect Interactive Relationships




© All rights reserved. Performics.
@DanaTodd                            New York | March 19–23, 2012 | #sesny




          They Conduct In-Store Social Activities




                                                                                                            (Summary – Occasionally/Frequently)
   Source: Performics & ROI Research 2011 Social Shopping Study: Participant Behaviors & Preferences
   on Social, Shopping and Deal Sites

© All rights reserved. Performics.
@DanaTodd                            New York | March 19–23, 2012 | #sesny




          They Conduct In-Store Search                                                           Activities




   Source: Performics & ROI Research 2011 Social Shopping Study: Participant Behaviors & Preferences
   on Social, Shopping and Deal Sites

© All rights reserved. Performics.
@DanaTodd                           New York | March 19–23, 2012 | #sesny



          Social Shopping Influences Participation and
          Purchasing Behaviors
                                How much do you agree or disagree with the following statements?
                                                       (Summary – Somewhat/strongly agree)

                                                                                                                                         72%
                   [Shopping, Deal, Social] sites are an important part of
                                                                                                                                   58%
                               the purchase process for me
                                                                                                                       41%

                                                                                                                                  57%
                                   I trust user reviews/recommendations on
                                                                                                                                53%
                                [shopping, deal, social] sites more than others
                                                                                                                                   58%

                                                                                                                          46%
                                     Positive reviews/recommendations regarding
                                                                                                                            49%
                                      products/services cause me to buy things
                                                                                                                             50%

                            Negative reviews/recommendations on                                                           46%
                      [shopping, deal, social] sites eliminates possibility of                                            46%
                                            purchase                                                                     44%

                                      Shopping Sites (N=889)       Deal Sites (N=575)             Social Networks (N=1,000)



   Source: Performics & ROI Research 2011 Social Shopping Study: Participant Behaviors & Preferences
   on Social, Shopping and Deal Sites                                                                                         @Performics
© All rights reserved. Performics.
@DanaTodd                            New York | March 19–23, 2012 | #sesny



          60% of Social Shoppers Wait up to 10 Minutes for
          Advice Before Proceeding
     While at a physical location, have you ever                                 When seeking advice on social networks prior to
    paused prior to finalizing a purchase in order                                finalizing a purchase, how long do/would you
        to seek advice on a social network?                                          wait for feedback before proceeding with
                                                                                                    purchase?

                                                                                             Less than
                                                                                                                    19%
                           No                           75%                                  5 minutes

                                                                                                 5 - 10
                                                                                                                               41%
                                                                                                minutes

                          Yes          25%                                                      10 - 20
                                                                                                                      22%
                                                                                                minutes

                                                                                             More than
                                                                                                20                  18%
                                                                                              minutes


   Source: Performics & ROI Research 2011 Social Shopping Study: Participant Behaviors & Preferences
   on Social, Shopping and Deal Sites

© All rights reserved. Performics.
@DanaTodd                            New York | March 19–23, 2012 | #sesny



          Shopping Sites while Searching & Before Committing;
          Social Networks After Purchase to Share Experience
                                          How often do you use [social networks, shopping
                                           sites, deal sites] at each of the following times?
                                                      (Summary – Occasionally/Frequently)

                                                                                                                          87%
     In the beginning when searching for a product                                                                 70%
                                                                                                                 66%

                                                                                                                         83%
                       Right before I commit to purchasing                                                         68%
                                                                                                                 64%

                                                                                                           57%
                  After I make the purchase to share my
                                                                                                         51%
                                experience                                                                                Shopping Sites
                                                                                                            59%
                                                                                                                          Deal Sites
                                                                                                           55%
                 While I'm in the store or on the website                                               48%               Social Networks
                                                                                                       46%


   Source: Performics & ROI Research 2011 Social Shopping Study: Participant Behaviors & Preferences
   on Social, Shopping and Deal Sites

© All rights reserved. Performics.
@DanaTodd        New York | March 19–23, 2012 | #sesny



          Best Practices
            • Don’t block mobile signals – and ensure mobile search visibility
              for your site and products
            • Reviews and comments are critical
               • Implement interactive elements
                   (comments, sharing, reviews) on product pages
               • Make them index-able
               • Leverage online reviews in-store
            • Verify what happens when people try to Share, Pin, Like, etc.
            • Encourage check-ins in your store
            • Facilitate in-store bar-code scanning (2D and 3D)
            • Participate on social networks, search and shopping engines to
              foster positive chatter and quickly respond to negative chatter


© All rights reserved. Performics.
@DanaTodd             New York | March 19–23, 2012 | #sesny



          Best Practices: Emerging Opportunities
                                     •   Implement a “Pin It” button to brand product pages (all or
                                         prioritized selection) and create brand-owned style boards

                                     •   Turn product feeds into Polyvore-like pinboards that you
                                         customize and own on your site. Measures shopping
                                         journeys for merchandising intelligence.

                                     •   Loyalty shopping programs, rewards shoppers by pre-
                                         determined levels of engagement and encouraging cross-
                                         device activities

                                     •   Encourage user creation & sharing of style collages for
                                         promotional or campaign specific initiatives




                                                                                                 @Performics
© All rights reserved. Performics.
THANK YOU!!
     Do Not Be Afraid!



Dana Todd
SVP Marketing & New Business
Dana.Todd@performics.com |     www.performics.com blog.performics.com   |   @DanaTodd




                                                               New York | March 19–23

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The Psychology of Social Commerce

  • 1. The Psychology of sCommerce Do Not Be Afraid! Dana Todd SVP Marketing & New Business Dana.Todd@performics.com | www.performics.com blog.performics.com | @DanaTodd New York | March 19–23
  • 2. New York | March 19–23, 2012 | #sesny Who’s the Chick with the Purple Hair? @DanaTodd • SVP Marketing at Performics • 16 years in Internet industry • Co-founder and former Chair of SEMPO. Founder of Newsforce and SiteLab • Expert witness, advisor to industry and analysts Performics is the original Performance Marketing firm, part of the Publicis Groupe worldwide. Performics inspires participation through performance marketing channels, integrating highly efficient media with relevant brand experiences. © All rights reserved. Performics.
  • 3. New York | March 19–23, 2012 | #sesny A Few of Our Global Brands © All rights reserved. Performics.
  • 4. It’s time to rethink the shopping experience: Regardless of the medium, people crave participation with your brand – and each other. New York | March 19–23 © All rights reserved. Performics.
  • 5. @DanaTodd New York | March 19–23, 2012 | #sesny If People Like to Interact with Fashion Like This… © All rights reserved. Performics.
  • 6. @DanaTodd New York | March 19–23, 2012 | #sesny And Shop with Friends Like This… © All rights reserved. Performics.
  • 7. @DanaTodd New York | March 19–23, 2012 | #sesny Then Why Does the Shopping Experience Feel Like This? © All rights reserved. Performics.
  • 8. What do people really want to do socially while shopping? New York | March 19–23
  • 9. @DanaTodd New York | March 19–23, 2012 | #sesny Participation Shapes the Shopping Experience Apple Hauls JCP find more Fashism Best Buy OpenSky UK - StylistPick Where To Get It Motillo © All rights reserved. Performics.
  • 10. @DanaTodd New York | March 19–23, 2012 | #sesny Participants Expect Interactive Relationships © All rights reserved. Performics.
  • 11. @DanaTodd New York | March 19–23, 2012 | #sesny They Conduct In-Store Social Activities (Summary – Occasionally/Frequently) Source: Performics & ROI Research 2011 Social Shopping Study: Participant Behaviors & Preferences on Social, Shopping and Deal Sites © All rights reserved. Performics.
  • 12. @DanaTodd New York | March 19–23, 2012 | #sesny They Conduct In-Store Search Activities Source: Performics & ROI Research 2011 Social Shopping Study: Participant Behaviors & Preferences on Social, Shopping and Deal Sites © All rights reserved. Performics.
  • 13. @DanaTodd New York | March 19–23, 2012 | #sesny Social Shopping Influences Participation and Purchasing Behaviors How much do you agree or disagree with the following statements? (Summary – Somewhat/strongly agree) 72% [Shopping, Deal, Social] sites are an important part of 58% the purchase process for me 41% 57% I trust user reviews/recommendations on 53% [shopping, deal, social] sites more than others 58% 46% Positive reviews/recommendations regarding 49% products/services cause me to buy things 50% Negative reviews/recommendations on 46% [shopping, deal, social] sites eliminates possibility of 46% purchase 44% Shopping Sites (N=889) Deal Sites (N=575) Social Networks (N=1,000) Source: Performics & ROI Research 2011 Social Shopping Study: Participant Behaviors & Preferences on Social, Shopping and Deal Sites @Performics © All rights reserved. Performics.
  • 14. @DanaTodd New York | March 19–23, 2012 | #sesny 60% of Social Shoppers Wait up to 10 Minutes for Advice Before Proceeding While at a physical location, have you ever When seeking advice on social networks prior to paused prior to finalizing a purchase in order finalizing a purchase, how long do/would you to seek advice on a social network? wait for feedback before proceeding with purchase? Less than 19% No 75% 5 minutes 5 - 10 41% minutes Yes 25% 10 - 20 22% minutes More than 20 18% minutes Source: Performics & ROI Research 2011 Social Shopping Study: Participant Behaviors & Preferences on Social, Shopping and Deal Sites © All rights reserved. Performics.
  • 15. @DanaTodd New York | March 19–23, 2012 | #sesny Shopping Sites while Searching & Before Committing; Social Networks After Purchase to Share Experience How often do you use [social networks, shopping sites, deal sites] at each of the following times? (Summary – Occasionally/Frequently) 87% In the beginning when searching for a product 70% 66% 83% Right before I commit to purchasing 68% 64% 57% After I make the purchase to share my 51% experience Shopping Sites 59% Deal Sites 55% While I'm in the store or on the website 48% Social Networks 46% Source: Performics & ROI Research 2011 Social Shopping Study: Participant Behaviors & Preferences on Social, Shopping and Deal Sites © All rights reserved. Performics.
  • 16. @DanaTodd New York | March 19–23, 2012 | #sesny Best Practices • Don’t block mobile signals – and ensure mobile search visibility for your site and products • Reviews and comments are critical • Implement interactive elements (comments, sharing, reviews) on product pages • Make them index-able • Leverage online reviews in-store • Verify what happens when people try to Share, Pin, Like, etc. • Encourage check-ins in your store • Facilitate in-store bar-code scanning (2D and 3D) • Participate on social networks, search and shopping engines to foster positive chatter and quickly respond to negative chatter © All rights reserved. Performics.
  • 17. @DanaTodd New York | March 19–23, 2012 | #sesny Best Practices: Emerging Opportunities • Implement a “Pin It” button to brand product pages (all or prioritized selection) and create brand-owned style boards • Turn product feeds into Polyvore-like pinboards that you customize and own on your site. Measures shopping journeys for merchandising intelligence. • Loyalty shopping programs, rewards shoppers by pre- determined levels of engagement and encouraging cross- device activities • Encourage user creation & sharing of style collages for promotional or campaign specific initiatives @Performics © All rights reserved. Performics.
  • 18. THANK YOU!! Do Not Be Afraid! Dana Todd SVP Marketing & New Business Dana.Todd@performics.com | www.performics.com blog.performics.com | @DanaTodd New York | March 19–23