I have been working for clients from almost every industry and each presents exciting new challenges. Large or small companies generally have very specific problems found in the Conversion Rate, in the CAC (Customer Acquisition Cost), AOV (Average Order Value) and LTV (Lifetime Value). In this guide, I'll explain through a simple tactic how to lower customer acquisition cost and generate new sales. The One Time Offer Once I analyzed data available in Google Analytics, Heap or somewhere I can read analytics, I created an acquisition strategy that leverages a very simple concept: One Time Offer, which is an offer available only once and at that moment for a potential customer. It's a very simple concept, it's one of the 6 of Cialdini's rules (scarsity), present in many popular platforms such as Wish and Aliexpress. Acquisire e qualificare un lead con la OTO Upon registration, the potential customer landing on "Thank You page" where you can give him much more information about the offer: you can talk about the benefits or the value that this offer could driven to him. Shortly after, an initial email with coupon is sent to him. If you have an high CAC, up to 30% of a customers' LTV, with this tactic it's possible to acquire a new customer, giving him a timed special offer. Our main goal isn't sell something or make single sell but it's qualifing him, feeding him with interesting contents and products, at the right time, as much as more in line with his interests. Who wants to be bombarded with uninteresting contents? I don't think anyone would like to receive only email offers or one-size-fits-all content via newsletters. This happens in many e-commerce, not understanding that you're burning / saturating your customer base, generating many and many inactive customers. Most of the information you need to scale your business or generate new revenue streams is under the hood, in your order database. 1 – Customer Base and RFM Analysis If you have never created an RFM Analysis before, you where I explain how to create it, starting or any . can read this article from a Shopify other E-Commerce Source: Clevertap 2 – Attracting the correct audience What may interest an e-commerce the most is the acquisition of new customers who are much more interested in the products that it's selling. The answer to this question is certainly given by the "Champions" and "Loyals" segments which "should generate" a significant part of total sales. I used the conditional because, stand to my experience, I found few clients correctly having this composition. In platforms such as Facebook and Google, it's possible to create a similar audience (LAL - Lookalike) importing that segments. You can follow . this guide, which explains step by step, how to import and create Facebook LAL campaigns Importing Email in Business Facebook It's equally important to exclude from the selected audience all those people who have liked the page, have visited the e-commerce in the last 30 days and have had a minimum interaction with your company. That's because if you want to grow your business, acquiring new market shares, you need to be sure that all new customers are really fresh new! 3 – Creating a Landing Page . The landing page structure is critically important, as it make the difference between significant percentage conversion points The OTO (One Time Offer) is represented in the landing page using by a countdown which communicates the scarsity concept. The price and product need to be clearly visible and the problem or the benefit your special offer need to be writting using a good copywriting on the left side of the form. These values need to be clearly explained because they drive the potential customer to filling the form or leave the page. Landing Page Example The form was created using a , with a large submit button and a clear Call To Action. quite large and clickable fields 4 – Marketing Automation for qualifying the lead Once the potential customer's email has been acquired, an email with the coupon is sent shortly after to obtain the discount or offer proposed on the landing page. Lead purchase is monitored over the next few days to understand which of these potential leads have purchased and therefore have become potential customers of the company. Marketing Automation Flow All leads that have not purchased yet are sent reminders in the following days, to "push" them to the bottom of the funnel. Note It's clear that the and inside in a structured strategy. acquisition cost could drop dramatically if this tactic generates big numbers If you want to structure a customer acquisition campaign that generates a new continuous revenue stream and improve your business growth, contact me for a free evaluation. Previously published at https://alexgenovese.it/blog/acquiring-and-qualifying-e-commerce-leads-using-sales-funnel-and-marketing-automation/

Flow

Facebook

Google

Using Data Attribution Comparison Table in Google Analytics 4

How to Generate Sales from Inactive Customers and Boost E-commerce

Visit my Site

Read My Stories

Too Long; Didn't Read

Boost your HackerNoon story @ $159.99! 🚀

How I Use Marketing Automation For Acquiring and Qualifying Your E-commerce Leads

About Author

Comments

TOPICS

THIS ARTICLE WAS FEATURED IN

Related Stories

Untitled Story

A Guide to Growing your Average Order Value - A Price led Merchandising Segmentation Strategy

15 Actionable Ways to Get the First 100 Customers for Your Startup

4 Cost-effective Ways to Find New Customers for Your Startup

4 Ways to Acquire Customers as a Sports Betting Business

5 Effective Rules Successful Sales Teams Follow

A Guide to Growing your Average Order Value - A Price led Merchandising Segmentation Strategy

15 Actionable Ways to Get the First 100 Customers for Your Startup

4 Cost-effective Ways to Find New Customers for Your Startup

4 Ways to Acquire Customers as a Sports Betting Business

5 Effective Rules Successful Sales Teams Follow

Light-Mode

Classic

Newspaper

Dark-Mode

Neon Noir

Minty

HN StartUps