The 3 Smartest Decisions You Can Make This Peak Season

The 3 Smartest Decisions You Can Make This Peak Season

The 3 Smartest Decisions You Can Make This Peak Season

It’s an all too familiar story. For peak season, retailers often rely on the fact that their current on-site setup will allow them to achieve a significant uplift in KPIs compared to quieter seasons. Of course, due to increased demand, this is the case, but it is certainly not a reflection of the retailer’s customer experience. This has only been reinforced during the pandemic, where many retailers have pushed on-site optimisation down their corporate agenda, as they’ve been able to excel without. 

Reliance on peak season to generate sales without having a sound on-site experience diminishes the potential to meet and exceed organisational goals. Non-existent, outdated or underperforming tech stacks or solutions directly affect sales and loyalty throughout the year, but this is only exacerbated in periods where demand spikes and the relative abandonment or conversion rates represent a huge chunk of your revenue. To caveat this, while we frequently reference investment in your tech stack as a requisite for uplift, some third-party providers may pose a threat to operations if they are not resilient to increased requests, so consider this before peak season mania to avoid any downfalls.

Products often overwhelm online shoppers. If they struggle to find a needle in a haystack – aka, their desired products, shoppers will abandon their search and your chances of conversion are ruined. In fact, during search usability testing, 19 of the world’s leading e-commerce sites’ search support was so weak that 31% of all product finding tasks ended in vain. This reinforces the requirement for retailers to prioritise search and navigation capabilities if they want to connect shoppers with relevant products.

There is a wide range of features and optimisation options that can be deployed at various touchpoints, from the very first interaction with the search bar to the refinement of a search query, mobile UX and personalisation. Here are our top 5:

1. Search and Navigation

Based on the fact that so many users can’t even find their desired products, it is a retailer’s responsibility to make their journey fail-proof. Search is at the epicentre of a shopper’s path to purchase, so it is essential that it is made as seamless as possible. There is a plethora of features and predefined logic that you can implement that optimise search and navigation, but some callouts include:

  • Comprehensive Assisted Suggest: as soon as a user interacts with your search bar, you should begin to guide shoppers. Recommendations, previewed products and query suggestions all contribute towards a streamlined path to purchase.
  • Synonyms: synonyms allow for wider search coverage. For example, if a user searches for ‘blow dryer’ rather than ‘hair dryer’, they will always be presented with the full range of results. The same goes for typos – you should automatically handle typos and show relevant results and eliminate dead ends.
  • Filter Navigation: Universal, one-size-fits-all filters are frustrating, for example, if you sell trousers you can’t just apply the same filters as you would for a pair of earrings. Configure relevant filters for products so that shoppers can refine their search more intentionally.

This list is by no means exhaustive, and it is important to analyse your pain points to determine where your resource will be best spent.

2. Mobile UX

Replicating the desktop experience on mobile is bad practice, yet again and again, retailers cram all of the same elements into a screen that is a fraction of the size. The result? A cumbersome, difficult to navigate shopping experience. By deploying mobile-specific features, retailers are able to dramatically increase mobile sales – with UK mobile sales expected to generate £79.81B in 2022, it’s all to fight for. Recommended mobile features include:

  • Everpresent filters, that are conveniently accessible as the user scrolls
  • Collapsible overlays, which maximise the screen space and remain hidden when not in use
  • Simplified assisted suggests, reducing the tension between elements such as images and text and background layers
  • Voice search for intuitive, easy use

Another mobile strategy well worth consideration is replicating the familiar interface used by Google, Instagram, Facebook and Twitter to create a more subconscious experience. By deploying this, retailers are able to:

  • Minimise discrepancies between the channels users interact with every day
  • Provide a more instinctive and unconscious path to purchase
  • Deploy instant touchpoints
  • Engage dynamic and conversational navigation based on unique user requirements

3. Merchandising

The ability to optimise product hierarchy or create campaigns that increase the visibility of a product or deal throughout the customer journey has the power to control sales on a more granular level. It isn’t just a matter of converting or not converting, but also what is converting. For example, if you have a particular product that has a high profit margin or a surplus of inventory you’d like to sell, you can display adverts at multiple touchpoints and move them up the product listings. So whether your business goal is to increase average order value or boost profit margins, you’ll be able to underpin these objectives when you leverage merchandising. The easiest way to do this is via a 360-degree campaign manager, which you can learn more about here.

Not just for Christmas

It is safe to assume that a bulk of the benefits will be seen from these optimisations during peak season, which is why it is so crucial retailers put processes in place before it is too late.

However, while these improvements will boost peak season performance, improved KPIs will not be an isolated occurrence. Positive experiences during the peak season will not only foster loyalty moving forward into quieter months, but also see a continued increase in usability and conversion and revenue.

Rachel is a Content Marketing Specialist, creating insightful materials on all things eCommerce, tech and Findologic that drive growth and awareness. Rachel has a wide understanding of the tech space, before joining Findologic, she produced content for global FinTech publications as well as working closely with industry leaders on a range of marketing initiatives.

API-Driven Technologies | Findologic

API-Driven Technologies | Findologic

API-Driven Technologies | Findologic

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It can be a challenge to wrap your head around the latest industry developments and what technologies are right for your business – especially API’s. API-driven technologies seem to be a requisite for any brand looking to deliver a cutting-edge experience. Cloud-based SaaS platforms like Findologic, built on this headless architecture are facilitating many of your favourite online store’s customer experiences. It allows them to plugin to a comprehensive suite of features and delivers shoppers results in milliseconds, regardless of site traffic.

Cloud-based computing allows users access to software applications that run on shared computing resources and provides businesses with access to full-function applications. Let’s dive into why API-driven SaaS technologies are best for business.

Rachel King

Rachel is a Content Marketing Specialist, creating insightful materials on all things eCommerce, tech and Findologic that drive growth and awareness. Rachel has a wide understanding of the tech space, before joining Findologic, she produced content for global FinTech publications as well as working closely with industry leaders for a range of marketing initiatives.

Findologic Secures Further Capital for Growth

Findologic Secures Further Capital for Growth

Marcel Krabath

Findologic Secures Further Capital for Growth

FINDOLOGIC_Management_Team

Findologic Secures Further Capital for Growth 

Salzburg, October 2021 Leading ecommerce product discovery platform, Findologic has received additional funding.

The investment, backed by TAUROS Capital Management GmbH, will allow the Salzburg-based tech provider to accelerate its growth as they continue to expand in their three locations - Salzburg, Munich and London. 

"It is the optimal time for the financing. The entire ecommerce sector is currently experiencing a significant upswing. The more business is done digitally, the more important the user experience for online stores becomes. This requires an intelligent search solution that recognises user intent and streamlines the path to relevant results," explains Matthias Heimbeck, CEO and founder of Findologic.

"With the growth capital from TAUROS, we will continue to expand in both the European and international market and ensure a new industry standard for online shopping experiences."

Christof Neuner of TAUROS Capital Management GmbH added: "The idea behind Findologic has great potential. A positive digital user experience is essential for business success in the ecommerce market. We have confidence in the Salzburg-based company, because of, among other things, its strong position in the DACH region and its technological advancements - especially in the area of artificial intelligence. This will result in remarkable growth opportunities in the coming years."

Findologic's goals are ambitious: In the medium term, additional markets in Europe are to be developed. In the long term, the company’s mission is to surpass other providers with its superior tech stack and become the global leader in product discovery.

About Findologic

Product discovery is at the epicentre of any user’s path to purchase - Findologic has over 13 years of experience in this and has optimised 1,000+ online stores via a simple integration. Bridging the gap between in-store and online retail experience is a requirement for any online retailer - Findologic’s comprehensive suite of features with AI at its core supercharges customer journeys, optimising every element of a browser’s pathway to conversion for efficiency and intuitiveness.

About TAUROS Capital

TAUROS Capital Management GmbH is Austria's pioneer in the field of revenue-based financing. The Viennese investment company provides subordinated capital to companies with high growth potential. TAUROS Capital Management GmbH neither takes over shares in the company nor a shareholder position, but participates in the company's turnover for a fixed period of time at an agreed percentage. The usual financing period is 5 to 7 years.

Marcel Krabath

Marcel Krabath

As Operations Manager at FINDOLOGIC, Marcel ensures that processes run smoothly and are continuously developed. Sitting at the centre of the company, he coordinates daily processes between the Marketing, Sales & Office Management and guarantees the success of partnerships with technology partners and ecommerce agencies. Woking towards the continuous improvement of business operations, Marcel ensures the efficient and smooth running of the business in line with business goals.

Search: If They Can’t Find It, They Can’t Buy It

Search: If They Can’t Find It, They Can’t Buy It

Search: If They Can’t Find It, They Can’t Buy It

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Search is at the epicentre of a customer’s path to purchase. If your shopper can’t find it, due to a poor search experience, they can’t buy it.

How do you connect your shoppers with relevant results in the most intuitive way?

Discovery a comprehensive suite of features that will supercharge your onsite experience, including:

  • Assisted Suggest
  • Synonyms 
  • Smart-Did-You-Mean
  • Tab Solution
  • Regular Expression
  • User Groups

Rachel King

Rachel is a Content Marketing Specialist, creating insightful materials on all things eCommerce, tech and Findologic that drive growth and awareness. Rachel has a wide understanding of the tech space, before joining Findologic, she produced content for global FinTech publications as well as working closely with industry leaders for a range of marketing initiatives.

3 Signs That You Are Ready to Go Headless

3 Signs That You Are Ready to Go Headless

3 Signs That You Are Ready to Go Headless

Given the option, a majority of retailers would rather plugin to third-party, best of breed technology solutions and channels without interfering with their back-end functionalities, than deal with the complications and lack of flexibility that comes with monolithic software.

The ability to do this is called headless commerce – moving from a state of pieced together architecture and breaking it apart to create a separate front-end ‘layer’ alongside their back-end that provides the ability to plugin to various APIs. This is in contrast to instead fumbling around with the time-consuming coding and development that comes with monolithic systems. Even small changes require edits to multiple layers of coding between the front-end right through to the database layer that is buried in the back-end.

Decoupling the front and back-end and having them talk to one another via APIs presents many benefits and endless possibilities for customisation:

  • Each piece of software can be tested, deployed and changed independently without impacting other elements of the system
  • Time-to-market of a new application is short due to the ‘plug and play’ nature of software
  • Retailers are able to select best of breed partners to deploy gold-standard experiences across their site
  • Support new technology 
  • Seamless integrations with minimal technological burden

While going headless may seem like the only way to thrive moving forward, it isn’t necessarily viable for all businesses. There is a level of burden that accompanies this organisational shift that may not be achievable or worthwhile for a number of reasons. 

Sign #1: Your company size and rate of growth

Typically, headless commerce is adopted by larger organisations who have deep pockets and vast resources to devote to such a project. They also need to cater to a larger range of channels and operating systems. For smaller companies with limited manpower or expertise undergoing the significant changes that are associated with going headless may be overly ambitious, particularly when their current architecture doesn’t call for such a dramatic overhaul.

An ideal candidate for going headless would be a company experiencing a rapid rate of growth. It offers a more agile and customisable solution and streamlines internal development so that the business can better support the increase in processes and customer demand during the scaling process.

Sign #2: Current architecture and expertise

The current setup of your ecommerce architecture will likely determine whether or not you are ready to go headless. That, or your willingness and ability to overhaul it. Your architecture should allow vendors to create plugins and connections by isolating the customer facing front-end from the back-end, however this decoupling requires a complete rethink of your current integration strategies. While adding features through API connections is relatively easy, the process of creating a system that supports this is complex and will require a sizable and skilled team.

Sign #3: You have complex requirements

Headless commerce is primarily for companies who have reached a stage of maturity where their customers demand more from them and there is a requisite for every element of their online store to be fully optimised. Naturally, multiplex requirements such as this, alongside a high volume of product-pages in combination with CMS elements, calls for a process that is capable of managing such complexities. Without decoupling the front-end from the back-end, these factors are likely to bog down your site’s speed and impede your ability to scale efficiently, due to a lack of autonomy and flexibility when making changes across the website. A headless front-end provides an effective solution to this problem, as management of separate website features will be achievable via separately packaged CMS’s.

Is my ecommerce ready?

Before diving into headless commerce, it is essential to assess your business objectives, capabilities and rate of growth. Without a doubt, going headless is the preferred choice for a majority of ecommerce businesses, but if you do not have the bandwidth to justify such a project, it is wise to look into alternative options that allow you to tap into expert platforms capabilities but with less freedom.

Moving forward, a headless architecture is clearly favourable and has assisted thousands of merchants in successfully scaling and delivering cutting-edge, and agile experiences. Having been successfully deployed by hundreds of headless retailers, software like Findologic’s has facilitated enterprises, giving them more flexibility to create unique experiences for their visitors and eliminate boundaries.

In spite of this, inclusivity for merchants who may not be ready for the transition to headless have remained front of mind and they are ensured accessibility to a comprehensive suite of features that will without a doubt supercharge their Customer Experience and help users find the desired products without friction.

Rachel is a Content Marketing Specialist, creating insightful materials on all things eCommerce, tech and Findologic that drive growth and awareness. Rachel has a wide understanding of the tech space, before joining Findologic, she produced content for global FinTech publications as well as working closely with industry leaders on a range of marketing initiatives.

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