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Posts with Internet Retailer Tag

Amazon & You: How to Win

Posted by Tim CallanFebruary 5, 2016eCommerce, Merchandising, Site Search

Last week SLI Systems sponsored the Internet Retailer webinar Amazon & You: Top New Competitive Strategies for 2016. eShopportunity founder Fahim Naim and Medelita CMO Dan Stephchew took a look at what is emerging as the best ways for online retailers to compete with Amazon.

The webinar was jam-packed with examples from the recent 2015 holiday shopping season (including how to gracefully opt out of Black Friday without killing your sales).

While Amazon is undeniably a Goliath, you can beat the e-commerce giant by turning its weaknesses into your strengths. Here are a few key takeaways:

Help shoppers find what they are looking for. Amazon isn’t the easiest place to shop. It can feel like you are wandering through a huge warehouse without a soul in sight to help you. You have little choice but to base your purchasing decisions on price and reviews.

Fahim advises, “Do a better job of helping customers engage and find relative products.”

An effective way of providing a more satisfying shopping experience is by delivering relevant site search results. Engage customers further by offering a product or gift finder, which suggests a collection of products based on a series of questions. This level of personalization is impossible to deliver via the Amazon interface and it allows you to build brand loyalty.

Treat shoppers differently. Amazon is one-size-fits-all. There is no room to massage your message for different audiences. As a result, you miss the opportunity to create tailored offers for different shoppers, like first-time buyers and loyal customers. You can outshine Amazon in this area by leveraging your email marketing with content and offers designed to reach specific shoppers.

Own long-tail search terms. It’s OK if Amazon wins broad keyword searches. Shoppers who find your site via long-tail search terms are more likely to find exactly what it is they want to buy. You can build landing pages specific to these keywords. (To learn more about this, check out the webinar Advanced Data Mining.)

For more competitive strategies, watch the Internet Retailer webinar. To see how SLI Systems can help you implement these strategies, join us for our next live demo on March 8.

Site Search Isn’t Sexy, It Scores Sales

Posted by Tim CallanFebruary 25, 2015eCommerce, Site Search, User Experience

There’s no question. Site search isn’t sexy, but it doesn’t have to be, because the revenue it drives speaks for itself. Internet Retailer Senior Editor Thad Reuter said it best in his February article, Reading Shoppers’ Minds:

“Site search receives little in the way of celebrity-level attention in e-commerce… But with retailers typically reporting two or three times the amount of conversions for site search users, the stakes are obvious: Better site search can translate into more profits.” Period.

However, one question still remains: Which site search approach best connects shoppers with the products they’re most likely to buy, making shopping easier and retailers more profitable? Do online shoppers use natural language search, which interprets subjective terms to serve up search results? Or do the most relevant search results come from learning site search, which “learns” what specific search terms resonate most with consumers and – with SLI Learning SearchTM technology – reranks the order of search results based on the latest activity of users?

In e-commerce, there is some uncertainty around the demand for natural language search. North Face e-commerce manager, Charles Caison, told Internet Retailer, “At North Face, for instance, most shoppers search using terms that describe the product, not ambiguous phrases that require natural language processing to decode. It may be that we have been trained by Internet search engines for keyword searches rather than natural language searches.”

A new SLI study also supports Caison’s insight. To demonstrate site search user behavior today, SLI evaluated natural language terms, focusing on subjective search terms including “cheap,” “nice” and “cute” for a Fortune 100 retailer. As you can see in the chart below, out of 67,000 searches, the word “quality” was only used 3 times while “cheap” and “nice” had similar results. The findings reveal that subjective search terms are not yet commonly used among online shoppers.

Total searches performed ~67k
Searches containing “cheap” 11
Searches containing “quality” (high-quality) 3
Searches containing “nice” 0
Searches containing “cute” 42

 

Lakeshore Learning, an IR Top 500 company, also finds less use of natural language search from its shoppers. Lakeshore Vice President of E-commerce Sam Sarullo told Internet Retailer, “an analysis of the retailer’s top 1,000 searches revealed that consumers use an average of 1.8 words to search – a signal that consumers remain wedded to keyword search, and that natural language-type searches may not yet be intuitive. That said, I see return customers who are more familiar with our products using these natural language or long-tail searches.”

The beauty of Learning SearchTM is that if it detects shoppers’ use of longer search terms, it will “learn” and tweak its results to reflect that behavior. Learning Search continuously analyzes the terms and phrases that prove most popular and lead conversions.

Perhaps the best argument for the value of Learning Search is to let e-commerce companies’ results speak for themselves. Here are some of the results leading retailers have experienced using Learning Search:

  • Lakeshore Learning, an education supplies manufacturer: 30% increase in online sales
  • Boden, a British clothing retailer: 1.8x higher conversion rate using search
  • e.l.f. Cosmetics, an international cosmetics brand: 21% higher per-visit value using search
  • Marine Depot, world’s #1 supplier of aquarium supplies: 11% increase in revenue
  • SurfStitch, Australia’s #1 surf retailer: 30% improvement in page position for organic search

Some say “sex sells,” but in e-commerce, Learning Search sells more.

10 Years of IRCE, and This One Could Be the Best

Posted by EdHoffmanJune 2, 2014Conferences, eCommerce, Site Search

As IRCE prepares for its 10th annual e-commerce conference and exhibition next week (June 10-12), I look forward to my 10th year of attending on behalf of SLI Systems. SLI will have a strong presence at IRCE – we plan to give the thousands of retailers gathering in Chicago the message that the quality of their site search makes an enormous difference in whether shoppers decide to buy or bounce from their site.

To showcase the difference that better search delivers for our clients, we’ve created the E-commerce Accelerator Theater at IRCE. Throughout the show, visitors to the theater (booth #601) will hear representatives from successful e-commerce businesses share how they have increased conversion rates and per-visit value by optimizing their site search. Visit our IRCE 2014 page for a complete schedule of speakers from businesses including Harry & David, Internet Retailer, Silver Star Brands (formerly Miles Kimball), Carolina Rustica, ReNew Life, Steiner Tractor, Zachys Wine & Liquor, JAM Paper and eImprovement.com.

Chicago is a great backdrop for the quality content and excellent networking opportunities that the Internet Retailer and IRCE teams put together each year for the industry’s biggest conference and exhibition. We’re taking advantage of some of Chicago’s best attractions for our retailer-only show events. On Tuesday night, we’ll take retailers out for a fabulous dinner and drinks at Lawry’s Prime Rib Restaurant — space is limited, so RSVP now. On Wednesday night, we’ll serve cocktails and offer an unforgettable experience at Tilt!, for those daring enough to peer out over Chicago at a 30 degree angle, from the 94th floor of the John Hancock Building. Please note that this is not the Chicago observation platform that cracked last week – thankfully. We’ll continue taking RSVPs for these events until space fills up, or until noon on each event day.

One of my favorite parts of IRCE is meeting retailers and sharing how SLI can make a significant impact on the user experience and revenue. If you’d like to schedule a one-on-one meeting with me at IRCE, submit the mini-form on our IRCE page and I’ll make it happen. If you’re missing the show, you don’t have to miss out on the expert advice our sales directors can provide – just sign up for a demo or free site search critique at your convenience.

 

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