Marketing Analytics Asignment - Akshay Shetty
Marketing Analytics Asignment - Akshay Shetty
Retail Analytics
Assignment
Soil Institute of
Management
Submitted to
Prof. Bianka Ray
Submitted by
Akshay Shetty (PGPM BL - 002
Executive
Summary
This analysis delves into customer acquisition and
engagement trends of Myntra across multiple channels,
leveraging datasets from the Acquisition and Prediction
sheets.
50.6% 49.4%
Reach - SMS
Recommendations
Findings
Keep it Short and Actionable
1. SMS Open Rate - A large proportion of Use brief, clear messaging with a single CTA (e.g., "Click here to claim
SMS messages are opened, indicating your discount").
Avoid jargon or excessive details.
this channel's reliability for direct
Integrate with Email Campaigns
communication. Use SMS as a reminder for email promotions or abandoned cart
2. Time Spent Reading - Users spend a notifications.
Create unified campaigns across SMS and email to amplify engagement.
consistent, short amount of time
Personalize Content
reading SMS messages, suggesting Include user-specific details like name or location to increase relevance.
the need for concise content. Offer exclusive deals through SMS for VIP customers.
3. Correlation with Email Engagement - Optimize Timing
Send SMS during peak engagement times, such as mid-morning or early
Users who open SMS messages are evening.
more likely to open emails, indicating Avoid sending messages too frequently to prevent user fatigue.
complementary channel effectiveness. Leverage Data-Driven Messaging
Segment audiences based on engagement levels (e.g., high vs. low) and
tailor SMS content accordingly.
Experiment with messaging styles to optimize engagement for each
segment.
Acquisition
Findings
Recommendations
Double down on apparel campaigns with optimized ad
creatives.
Retarget engaged users with personalized apparel
promotions.
Recommendations
Recommendations
Encourage new customers to explore more with gamified
features or curated product suggestions.
Reward returning customers with loyalty incentives to sustain
engagement.
Recommendations
Recommendations
Prioritize mobile app development with intuitive navigation
and exclusive deals.
Ensure desktop websites remain optimized for detailed
comparisons and visuals.
Acquisition
Findings
Returning customers are more likely to
install the app than new customers.
Recommendations
Promote app benefits like faster checkout and loyalty rewards
to new customers.
Offer app-exclusive deals to encourage returning customers
to remain active.
Recommendations
Recommendations
Recommendations
Recommendations
Urban users generally spend more time Improve Accessibility for Rural Areas
browsing than rural users, suggesting Simplify website or app navigation and ensure compatibility with
better access, familiarity, or interest in the slower internet speeds to encourage longer browsing sessions in
platform. rural areas.
Location-Specific Campaigns
Run geo-targeted campaigns offering tailored product
recommendations or discounts based on local preferences.
Leverage Urban Engagement
Introduce premium or exclusive collections for urban users who
spend more time browsing and are likely to explore diverse
products.
Conversion & Retention
Findings Recommendations
Strong associations are observed between certain Cross-Selling Campaigns
product categories, such as: Bundle highly associated products (e.g., apparel and footwear or
Apparel_Men and Footwear_Male (0.8). accessories) to increase basket size and improve conversions.
Footwear_Male and Accessories_Male (0.9). Personalized Suggestions
Apparel_Women and Accessories_Female (0.7). Leverage these associations in recommendation engines to
display related products during browsing or checkout.
Promote Co-Purchased Categories
Highlight frequently co-purchased products on product pages or
through email campaigns.
Mobile app users contribute the highest number Prioritize Mobile App Engagement
of conversions, followed by desktop website Enhance app-specific features, such as exclusive deals, rewards,
users, with mobile website users converting the and intuitive navigation, to sustain high conversions.
least. This reflects the app's superior engagement. Optimize Mobile Websites
Improve the mobile website experience with faster load times,
simplified layouts, and optimized CTAs to reduce bounce rates
and improve conversions.
Desktop Strategy
Leverage desktop's larger screen space to showcase detailed
product images, comparisons, and feature-rich browsing to cater
to desktop users' preferences.
Churn
Findings
Recommendation
Findings
Recommendation
Gender-Based Churn
Males exhibit slightly higher app uninstall rates compared to
females, likely due to gender-specific engagement
differences.
Location-Based Churn
Findings Delhi and Gurgaon have higher churn rates than Noida,
possibly influenced by competition, delivery issues, or user
expectations.
Age-Based Churn
Younger users (<25) churn more, requiring dynamic
engagement, while older users (51–65) display greater
retention due to consistent usage.
Targeted Engagement:
Address male users’ preferences with campaigns highlighting technical
features or exclusive content while maintaining loyalty programs for
female users.
Focus on younger users with gamified features and social-sharing
incentives; engage older users with reliable, easy-to-use campaigns.
Geo-Specific Strategies:
Offer location-specific discounts and improve delivery services in high- Recommendation
churn areas like Delhi and Gurgaon.
Build local partnerships to enhance trust and reduce churn in these
regions.
Diverse Retention Efforts:
Customize content and app features to cater to different demographics,
ensuring broader appeal and retention across genders, locations, and
age groups.
Churn
Findings Recommendation
Phone users show a higher proportion of monetary Boost Conversions for Phone Users
churn, while PC users exhibit a notable level of Implement strategies like personalized offers or push notifications for high-browsing but
recency churn. low-purchase customers.
Use dynamic CTAs during mobile browsing sessions to encourage faster conversions.
This suggests that phone users may browse more
Re-engage PC Users
frequently without converting, while PC users may
Send reminders or targeted emails to inactive PC users to reduce recency churn.
have lower engagement over time. Offer desktop-exclusive deals to re-engage this segment effectively.
Optimize for Device-Specific Behavior
Enhance the mobile app experience for phone users with simplified checkouts and one-
click payment options.
Focus on richer visuals and detailed product comparisons for PC users.
Findings Recommendation
Younger customers (<35 years) show Youth Engagement
Introduce limited-time offers, gamified rewards, or referral programs to encourage
higher monetary churn, often paired younger users to complete purchases.
with lower purchase values in June. Use social media and app notifications to keep younger users engaged with the
platform.
Older customers (51–65 years) display Retain Older Customers
fewer churn tendencies, indicating Highlight reliability and value-driven messaging to retain older, loyal customers.
Offer senior-friendly features like simplified navigation and easy-to-access customer
stable engagement and purchases. support.
Age-Specific Campaigns
Develop campaigns addressing the unique needs of younger and older customers, such
as fashion trends for younger audiences and practical products for older users.
Thank you!