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How to Develop a Product Replenishment Email Strategy
Earlier this month, we wrote about 6 triggered email campaigns to help you boost your sales. We received a great deal of interest from the post, so today we wanted to share how to put triggered emails to work for your business.
In particular, product replenishment emails are a great example of using triggered emails to drive sales. Many everyday products that we use have a natural lifecycle and require replenishment for continued usage. For example, if you are a regular user of contact lenses, you’ll know that you need to replace your supply of lenses on a set schedule. The same sort of patterns can be found for a variety of products, from fashion to electronics to pharmacy items.
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3 Digital Strategies for Brick and Mortar Retailers
This morning, the Financial Times published an article on the dismal state of retail — Staples, Dick’s Sporting Goods, JC Penney, and others are all struggling. In large part, these challenges have been driven by a growing number of consumers moving their purchases online. With the move to the web, traditional retail is forced to compete with wholesalers, web-only discounters, and of course, Amazon. In fact, offline retailers now have the added challenge of serving consumers who enter their stores to browse, but make their purchases online from home. Not only are these consumers not spending money in-store, but they are buying the same products at competitive sites.
The hits to share prices and profitability are likely to continue as more individuals move their purchases online, particularly for products that don’t require browsing. Books, office supplies, and personal technology can all be bought online without having to be reviewed in-store. As virtual fitting rooms, bespoke “e-tailoring”, and subscription services grow in popularity, more verticals will be affected — we’re already seeing the growth of web-based food delivery and clothing purchases, for example.
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6 Triggered Emails To Boost Your Sales
If you run an online store, then you already know that triggered email campaigns should be a key component of your sales, customer service, and brand awareness strategies. Personalized trigger emails are opportunities to cross-sell your products, engage your customers with your brand, and reward your most loyal fans with special rewards and recognition. Best of all, they require minimal configuration on your end and run on their own after you set your business rules!
Here at Canopy Labs, we’ve seen that sending timely and relevant email messages boost purchase conversation rates and drive sales. But what kind of auto emails should your business set up? Below, we’ve compiled 6 ideas for triggered email campaigns that will help you manage your customer life cycle and boost your sales:
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Updates from Canopy Labs: Team of 15, More Customers, More Features!
Regular readers of our blog might have noticed a lack of updates over the past few months… Worry not, fellow Canopy Labs fans, we’ve just been busy growing the business! And now we’re excited to share some of the good news with you.
Doubling Our Team to 15
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Our Favorite Big Data Marketing Slogans
Like it or not, the term “Big Data” is here to stay and every day sees new businesses building on the trend. Many promise to boost sales, drive productivity, and help executives and junior staff make sense of all that is “Big” and all that is “Data”.
Very few companies veer away from this type of marketing message, but those who tactfully and effectively market in this space, do so by building a vision and idea around how data change the world. This year will likely see more data-oriented companies than any other time in human history, and we decided to choose the ones that paint a portrait of the future in a positive and exciting way.
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Happy Holidays! Five Holiday Gifts for Data Scientists
First and foremost, the team at Canopy Labs wishes all our readers, data scientists, and customers a happy holiday season! It’s been an amazing year for Big Data, analytics, and IT — and we’re excited with where 2014 will lead.
If your data science team is anything like the ones we’ve seen, they’ve likely seen a busy 12 months. Whether they’re implementing a new data warehouse, generating models to target cross-sell opportunities, or simply updating executive-level reports, data-oriented roles are becoming more important and significantly busier. If you’re getting holiday gifts for your data science team at the end of the year, here are five we recommend for any data scientist on your list.
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A Heat Map of Consumer Sentiment For The Past 13 Years
Visualization is crucial to understanding and learning from our data. As we continue to experiment with new forms of visualization, we wanted to share with you a heatmap of consumer sentiment over 13 years, from 2000 to the end of 2013. The visualization below shows a grim, yet informative, view of how consumers feel about their lives and prospects. Mouse over the grid elements to see the numbers themselves.
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Prescriptive analytics: three ways to maximize customer success through Big Data
“I’ve invested in analytics and have thousands of data points streaming into our databases, yet life doesn’t seem any easier.” Unfortunately, this is a very common complaint about Big Data investments. Teams get overwhelmed with too much data, and analysis often takes longer if you throw more data at a problem. A newly emerging trend in this space is the use of “prescriptive analytics” — rather than simply collecting data, your team can rely on automated analysis tools to generate recommendations (i.e. prescriptions). This means no more lengthy data reviews, but simply allowing the prescriptive tool to make business decisions on its own.
If this sounds too good to be true (or scary!), you might be surprised to know that many companies already use such approaches. Review the examples below to see how companies are using prescriptive analytics to automate and grow their businesses.
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Canopy Labs announces analysis of over $1 billion in commerce; releases new dashboard and analytics tools
Please note this is a copy of the press statement released earlier in the day today. Any media questions should be sent to wojciech@canopylabs.com.
Canopy Labs, a predictive customer analytics company, announced today that its predictive customer analytics platform has now analyzed over $1 billion in commerce activity. Since launching its platform in early 2013, the company has begun to work with professional sports teams, retailers, and ecommerce companies to predict customer activity for sales and marketing teams.
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Customer activity maps: predicting and preempting customer activity
Picture this: Julie, a website visitor, decides to send a customer service e-mail. Given her browsing history, tone in her e-mail, and mailing list subscriptions, you know she is 70% likely to make a big purchase before the holidays. Her e-mail is routed to your best support agent – to provide support, and ultimately make a sale.
It might sound too good to be true, but if your company is collecting data about your customers, it’s not far from reality. Every day, your customers are making decisions on which emails to read, products to buy, and pages to visit. If you’ve centralized this data, you can predict which of those actions matter, and just how likely they are to make other decisions.
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