July News
July News
“Facebook is like a cocktail party … and “We're no longer marketing to people. We're
annual Bedding Conference here. “If you you're the host,” she told the audience. “You connecting with our customers,” she said.
put an ad on a social media site, you get want to encourage people who come to your “And we're turning friends into customers
Ashley Update
instant feedback. That's the part I like.” page to talk to each other, not just talk to the and we're turning customers into fans.”
Welch told attendees his company initially company.” Ling recounted how Pure LatexBliss opened a
tried marketing a new eco-friendly form She said an easy way to build an initial fol- YouTube account and initially posted a sales
through traditional advertising, but lowing is to hold a contest. Later, a company training video for retail sales associates. The
achieved far better results after putting can host “events” on its page that aren't tied company revamped it to shorten the content,
content on Facebook, YouTube and Twitter. to prize giveaways, but still keep customers creating a series of one-minute “slices of
The product gained 800 Twitter followers and potential customers engaged. information.”
after sponsoring a contest. “You want to encourage participation,” One of the revised videos, which show Ling
“It's an engaging process … and it can be Rosien said. “Allow your fans to post pictures rolling on a latex pad with eggs under it, was
addictive,” he said. … ask and answer questions.” especially popular, he told the group.
Joining Welch on the social media panel Chamberlin told the audience that sales at “The next thing we know, consumers are
were Christine Chamberlin, co-owner of her one-store operation “go up every time watching it and talking about it,” he said. “It
The Clean Bedroom, a retailer and e-tailer we put a promotion on Facebook.” was incredible.”
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B553 - North Shore
A rich traditional design and exquisite details come together to create the ultimate in the grand style
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W158 Theo
The rich contemporary style of the "Theo" home entertainment collection combines faux marble and a warm
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that perfectly complements the dark bronze colored hardware that adorns this furniture. Available in 42”,
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Page 2 A S H L E Y U P D AT E
According to Borrell Associates, online coupon redemptions are projected to jump more than 50 percent to $12.7 billion in 2010 and to $22 billion by 2014. By definition, online
coupons are codes and special activated links and/or landing pages for online retailers. They are solely meant for the shopping cart checkout process and are not valid in brick and
mortar stores.
Here are eight key insights about online coupons that will help prevent customer disappointment and frustration, protect brand reputation and decrease cart abandonment.
Think Beyond Discounts: If you have a luxury brand and don't want to discount items, there are other creative ways to offer customer incentives, including free shipping
or gift wrapping or throwing in bonus items. You don't always need to cut the price!
Beware of Expiration Dates: These are always a big problem since some retailers don't put expiration dates on their offer when it is in limited supply. Others don't
clarify times (i.e., time zones), but those few hours can make a difference to a shopper. It's critical for a merchant to offer all the details up front and in a clear and
concise way to avoid customer frustration.
Mix it Up: Don't keep recycling the same offer over and over again each month. The monotony will stall sales since users come to expect the discount. Create urgency with
new offer and expiration dates.
Keep it Simple: Using lingo such as "$10 off after MIR" (Mail in Rebate) or unclear combinations such as "10 percent off purchase plus free shipping with $50 purchase"
will leave consumers confused and unlikely to apply the discount. Restriction details also demand clarification. Clearly outlining details on landing pages will prevent
customer disappointment when they arrive on the site.
Watch Number and Letter Combinations: Careful using coupon codes with "0" and "O" in the sequence. People often confuse the two and usually get upset at the
merchant when the discount doesn't get applied.
Test Out Different Offers: Retailers often assume there's one coupon that works better for them, e.g. new customer offers, dollars off, percentage off, free shipping.
The flexibility to add and change offers online is easy though, so never assume only one works best.
Align Coupons to Company Goals: Is the goal to increase basket size or raise minimums? Are you trying to clear inventory or reach new customers? There are many
different strategies that can be applied to coupons so always be sure to test and align with what the company's goals and needs are.
Be Transparent with Minimum Price Points: Deals are often listed as "20 percent off" but when customers get to the landing page it may say "20 percent off $100
purchase." This can be misleading to consumers and cause a negative impact on a brand. Always provide as much information as possible up front so that users click-
ing through are fully aware of the amount they must spend.
—Babe Ruth
For more information and a downloadable copy of this information, visit our website at
www.tristatefurn.imagineretailer.com