Harnessing the Power of Merchandising

Harnessing the Power of Merchandising

Harnessing the Power of Merchandising

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Are you able to harness the power of merchandising to increase product visibility, guide shoppers and support business strategy?

By utilising a comprehensive suite of merchandising features that work in tandem with one another, retailers are able to create and manage powerful campaigns via a user friendly backend.

The thousands of retailers partnered with Findologic are able to implement promtions across their website to support campaigns, for example placing banners for relevant search terms in the autocomplete or other pages throughout navigation and benefit from full exposure throughout the customer journey.

Through product placements retailers are able to link specific products to specific search queries, guaranteeing prime position for particular products if a user submits a related query.

Meanwhile, product pushing allows online stores to take control of their results listings and augment product hierarchies to present shoppers with valuable recommendations, or prioritise product groups in line with business goals.

By personalising search-concepts in your shop for specific search terms, defined rules are able to guide users to meaningful results faster. An example of this would be special filter suggestions for particular queries.

Findologic’s campaign manager provides retailers with a holistic view of all their activities, allowing for simple and effective planning, implementation and monitoring throughout the lifecycle of a campaign. This is alongside simple KPI tracking via 360 degree analytics that allow Findologic users to measure success and derive insights.

There is so much scope for retailers to make their lives easier, increase conversion and better control their front-end through merchandising capabilities. To learn more about supercharging your online store, book a complimentary website audit with us.

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.

Combating Mobile Mistakes with Findologic

Combating Mobile Mistakes with Findologic

Combating Mobile Mistakes with Findologic

When you click on the service, scripts are loaded on your device, personal data is recorded and cookies are stored. The transmission takes place: as joint controllers for Google Ireland Limited. Purpose of processing: Delivery of content provided by third parties, Selection of online advertising on other platforms, which are automatically selected using real-time bidding based on user behavior and transmission and display of video content. Privacy Policy
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Mobile commerce has become ubiquitous, but many retailers are failing to recognise that the flow state for mobile differs greatly from desktop. 

63% of people will abandon a product or website as a result of preventable usability issues, so by prioritising mobile and overcoming the challenges associated with limited screen real estate, retailers are able to create an intuitive path to conversion.

 For example, Search overlays should cover the entire screen. It is also best practice to keep the number of search suggestions deliberately limited. Users shouldn’t have to scroll to view suggestions and the interface should be simple to avoid cumbersome and fiddly navigation.

 The use of everpresent filters – small icons that remain visible on a user’s screen as they scroll allows shoppers to enhance their search at any time, without the all too familiar friction of having to scroll back up to the top. Meanwhile, off-canvas filters are collapsible and will be hidden when not in use to make use of screen space.

Through Findologic’s A.I. based shopping assistant, Li.S.A® we understand shopper behaviours and preferences, minimising touch points and relieving the burden associated with mobile, so that browsers can sit back and enjoy personalised results.

If we take a look at social giants such as Facebook or Instagram, touchpoints are identifiable instantly with central elements that have become almost instinctive in our everyday lives. Replicating this experience within m-commerce and minimising discrepancies between the channel’s users interact with every day, provides a more intrinsic experience.

With so much potential to capitalise on the current ecommerce boom, there is a requirement to become more mobile-centric in their strategies. Book a complimentary consultation with the FIndologic Team to understand how you can optimise for success.

 

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.

“Alexa, get me up to speed with voice commerce”

“Alexa, get me up to speed with voice commerce”

“Alexa, get me up to speed with voice commerce”

By 2030 it is expected that voice-assisted commerce will account for 30% of overall ecommerce sales. Online stores have been slow to fully adopt voice commerce, and it is very much in its infancy. So far, the most prevalent progressions in voice commerce are features such as a voice search option on-site, rather than manually submitting a search, however there is scope for far more development in the coming years. 

 

What is voice-based ecommerce?

While voice recognition technology goes as far back as the 1960s, it wouldn’t be until 2011 and 2012 Siri would be available on iPhones, and Android would release their counterpart, respectively.   

Voice technology might not be necessarily a new invention, but consumers are increasingly adopting it and retailers are becoming more and more accommodating to this trend. It’s safe to bet that voice commerce will surge over the next five years.  

Voice commerce refers to using your voice to search for or purchase products online. All you need is to speak to your digital voice assistant.  

To understand voice commerce, let’s look at its foundation: voice recognition technology. 

Voice recognition technology allows devices to recognise your voice. It sounds simple, but it’s more complicated.

Voice recognition technology filters sounds into a readable format that it can translate. The technology then leverages inputs and algorithms to interpret what was said, and respond accordingly. As with many A.I. applications, it continually improves.  

Devices such as smartphones and smart speakers use voice recognition to interpret questions, commands, and more.  

Voice commerce does have some requirements in order to be truly frictionless:

It requires a device that has a voice assistant and allow it time to understand the user  and learn to interpret their speech.

It’s also necessary to set up payment information in the user’s digital wallet for quick buying.  

However, when everything is set up, voice commerce is truly effortless and presents many opportunities for businesses.  

“Okay Google – what’s the best-reviewed gaming laptop?”

“Hey Alexa – give me running shoes at a discount?” 

Voice commerce presents an infinite number of paths your shoppers can take. Customers don’t necessarily need to have a specific product in mind – just a problem they need a solution for, that they use voice command to get them from a to b. Voice commerce allows consumers to engage with a conversation with technology – and your business – to explore different products, services, and more. 

Pain points in ecommerce

Conversational commerce or chat commerce or conversational marketing is a way online retailers sell their products and services by conversation

How does voice commerce improve the shopping experience?

Customer experience is leading the ecommerce agenda, and convenience is at the heart of this. Consumers want fast, secure, and personalised shopping. Voice commerce offers all of these, and is becoming hot:

Convenience and Faster shopping journeys

Speaking is faster than typing. It only makes sense therefore that customers would use voice assistants where they can. It allows consumers to shop without having to put the rest of their life on pause. 

All in all, voice commerce provides a smoother and smarter buying journey.

Creating more personalised shopping experiences. 

Personalisation is everything to the consumer in today’s world of ecommerce. There’s no way of getting away from it.  Voice commerce presents a more personalised experience because by design they get to understand the shopper they’re talking to. The ability to save order histories, provide an easy path to reorder, and quick recommendations makes for a better experience all around.

Make your products easily discoverable

Voice commerce also expands the reach of your products. Google’s voice search feature means that if your products are listed on Google Shopping, any consumer using voice shopping will be able to find them.  This presents an excellent opportunity.

How can businesses take advantage of voice shopping?

Subscriptions and reordering

Reordering is one of the most common uses for voice commerce. The reason for this is that voice commerce already takes into account historical orders and provides a simple path for users to be able to reorder goods. Common examples include haircare products, supplements, food and beverage, and more.

Product recommendations

You can also use voice commerce for merchandising purposes. It gives you historical data and intel into your customer purchasing behavior, which allows you to push specific products that they will appreciate. 

Voice commerce platforms can begin to understand their consumers’ preferences like dietary restrictions, past purchases, and more to make relevant product recommendations during a voice search.

Looking beyond on-site voice functionality 

Slow product discovery is one of the top frustrations for ecommerce shoppers so there is vast potential to capitalise on voice commerce for its purchasing convenience, namely by ordering products directly through voice assistants rather than accessing the website first. The thing is, unlike Amazon, a majority of retailers do not have their own voice assistant platform or voice-enabled devices, so if merchants wish to spearhead the future of voice commerce and become truly voice accessible via the likes of Alexa or Google Assistant, they’ll have to enter into partnerships with these tech giants.

A few companies have already set a precedent. For example, Google and Walmart teamed up to offer Walmart’s customers voice-assisted grocery shopping. Walmart’s Voice Order feature works across all platforms that are powered by Google Assistant, including smartphones, smartwatches and Google’s smart speakers so that items can be ordered without even having to access the store.

What is the future of voice commerce?

Voice commerce might be somewhat new to the ecommerce space, but it’s growing rapidly, and expected reach a staggering $19.4 billion in 2023. If you haven’t already, it could be time to consider leveraging voice-activated shopping  for your ecommerce store. 

 

Considering new and historical barriers

These partnerships offer a huge opportunity to be one of the first to enter the voice-based market, and we are likely to see others follow suit as voice commerce evolves. However, it is likely that these partnerships will be somewhat restricted. Currently, these partnerships are exclusively in the United States, where demand for voice commerce is higher and there is a drive to progress with the technology. In fact, in the United States voice commerce is the fastest growing sales channel with the voice technology user base in the U.S. accounting for 42.7% of the population.

However it seems that in Europe, the European Union has already put a stake in the ground, with policies expected to follow in the coming years that might pose a barrier to uptake in the region.

The main concern is surrounding competition. Only a small number of major players control the voice assistance market, including Google, Amazon, Apple and Microsoft. Practices limit the possibility to use multiple voice assistants on a singular device (for example, Amazon’s Alexa will not utilise Apple’s Siri upon devices). This means that the owners of specific voice assistants have full control over user relationships, potentially impacting the discoverability and visibility of rival services.

It is also worth noting that uptake by customers may be slow. It is a lot harder for customers to trust the purchase of a product they can’t see, however there are ways voice assistants may be able to overcome this. Solutions that employ voice and visuals such as Amazon’s Echo Show provide a richer experience. That being said, connecting with shoppers on-site before purchase is likely to become a requisite for those retailers looking to cement sales.

In line with the lack of trust surrounding non-visual purchases, it is likely that we will see voice commerce most popular with repeat purchases – those that shoppers deem as low risk as they are confident with what they are spending their money on, for example groceries. In fact, based on analysis, the grocery product segment dominated in 2020, with more than 39% share. Despite shoppers looking for conveniences, those items that require a little more consideration and research are not likely to be purchased until a shopper has performed their due diligence.

Not all banks or financial institutions allow voice commerce purchases – largely down to the novelty of the technology. As well as this, there are concerns surrounding the reliability and safety of purchasing with voice commands. Furthermore, most voice commerce shoppers make low-value purchases.The seamlessness of voice commerce makes it seen as less secure – after all, passwords and verification methods aren’t generally used. 

There’s still a way to go. Conversational AI is still an emerging technology, meaning it’s not completely intuitive to a lot of people. Every person’s speaking voice is unique, and machines may struggle to understand accents, slang, and other nuances. Developers have to  continuously improve language features, to overcome this challenge.  

Getting the ball rolling

Regardless, voice commerce is more than just the act of purchasing. There are a number of ways retailers can begin optimising for voice commerce in the buildup to purchase, by enhancing discoverability – think SEO for voice. 

For example, optimising content to increase your chances of appearing in voice searches. This includes:

  • Answer ‘Who’, ‘What’, ‘Where’ and ‘How’ Questions
  • Optimise for long-tail queries
  • User conversational language
  • Account for regional dialects
  • Anticipate questions

Another consideration is to add new skills on Alexa and Google devices. Alexa has hundreds of thousands of skills that have an answer to almost every question users ask. Now, retailers are able to add value and improve CX by installing their own skills onto well known voice assistants to provide more context and answer questions specific to their business.

Showing their commitment to drive voice commerce and its adoption by smaller retailers, in February, Amazon made public a developer tool called Alexa Conversations, which uses deep learning to make conversations flow naturally: This should open the door to smaller retailers to develop skills, who have previously been reluctant due to resources as rather than pre-program Alexa with a whole host of possible commands or questions that customers might ask, Conversations is able to learn broad categories of conversation.

 

A tipping point

Major players in the voice commerce space have made moves in the last year to drive this growing way of shopping forward, with retailers strategizing in line with these. As these initiatives solidify, it is likely that other regions, besides the United States, will follow suit and make more significant steps that demonstrate commitment to voice commerce. Until then, it is important for retailers to look beyond the standard on-site voice functionality and familiarise themselves with the scope of possibilities available directly through voice assistants so that they can hit the ground running when the rest of the world catches up to The States’ level of adoption.

 

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.

Open Source Elasticsearch Is Not so Open Anymore: Enter Findologic

Open Source Elasticsearch Is Not so Open Anymore: Enter Findologic

Marcel Krabath

Open Source Elasticsearch Is Not so Open Anymore: Enter Findologic

The conflict between AWS and Elasticsearch has come to a head, forcing many ecommerce businesses to rethink their offering – but what are the alternatives?

Over the years, Amazon has been criticised by the open source community for taking advantage of the freely available software and the launch of Amazon’s Elasticsearch Service, underpinned by the open source, Elasticsearch was no different. When AWS made the decision to use Elastic’s code on its cloud and profit from it as a managed service, Elastic’s CEO, Shay Banon responded, saying that “some cloud service providers have taken advantage of open source products by providing them as a service, without contributing back.“

Back in January 2021, Elasticsearch acted, changing its licence from the open-source Apache 2.0-license (ALv2) to the non-open-source friendly Server Side Public Licence (SSPL) in order to prevent what they call “big code robbery”. The new licensing states that users do not have the right to sell the software, meaning third parties can not sell the software for a fee or as a product or service.

This had a direct impact on AWS’s Elasticsearch offering, so it comes as no surprise that AWS announced the release of OpenSearch, a fork derived from versions 7.10.2 of Elasticsearch and Kibana and licensed under Elastic’s previous and permissive Apache 2.0 licence. In short, Amazon is able to continue to use the previous version of Elasticsearch, under the same offering and build upon this themselves to continuously enhance its abilities, although they will be unable to pull in future versions of Elasticsearch core code.

So, if you’re an Elasticsearch user you’ve probably asked yourself the question: should I continue using the software under the new licensing or look for an alternative?

Is Elasticsearch still a good choice?

The licence change of  Elasticsearch v2 will no doubt force many retailers to rethink their choice of software. Fundamentally, a majority of online stores will be looking to drive monetary growth with the assistance of Elasticsearch, however the new licence for Elasticsearch v2 has created an air of uncertainty and confusion surrounding the product and the repercussions that may ensue for commercial use.

Licensing aside, Elasticsearch is a complex system and requires extensive maintenance and configuration in order to tailor it to your specific needs. Even as a managed service, such as the one offered by AWS or or Elastic, there is still a high level of technical burden.

    Enter: Findologic

    If you’ve built your own online services on Elasticsearch, the SSPL license is most likely a risk your company will not want to take.

    You might consider AWS new OpenSearch offering as an alternative, however for a majority of retailers today, software is about easy to use solutions with minimal burden – as a bare search API, the retailer would have to integrate OpenSearch into their site manually and manage significant setup to tailor it to their specific needs. Even after this, developers still have to build UI features such as Shopping Guides, Autocomplete and Promotions.

    The closest and most trusted alternative to Elasticsearch within the open source community is Solr – it is a mature product with a broad user community and has no single company controlling contributions.

    Built upon the latest version of Solr, Findologic has created a platform that allows for comprehensive search and navigation optimisation, minus the technical burden. Rather than spending time, resources and money to create, maintain and develop a search solution underpinned by Solr, Findologic does all the hard work, with tried and tested, revenue boosting software including an AI layer without the risk of repercussions.

    By creating a powerful platform that looks beyond traditional search and navigation approaches, innovating every stage of a customer’s journey for usability, inspiration, guidance and personalisation, retailers are able to benefit from sophisticated technology, without the excruciating challenge of developing or maintaining the underlying technology themselves.

    So, if you’re after a quick win and want to leave the licensing headache and internal development battle in the past, the better choice today is another vendor altogether – one who has already done the leg work and created a ready to use platform that can be relied on.

    About Findologic

    Search and navigation are at the epicentre of any user’s path to purchase – Findologic has over 13 years of experience in this and is one of the world’s leading providers today. Bridging the gap between in-store and online retail experience is a requirement for any online retailer – Findologic’s comprehensive set of features supercharges customer journeys, optimising every element of a browser’s pathway to conversion for efficiency and intuitiveness.

    Satisfy your customers and increase revenue: harnessing the latest A.I. technologies, Findologic’s search and navigation platform is more intelligent than ever, drilling into user behaviours to personalise every journey and present users with gold-standard outputs that convert.

    Marcel Krabath

    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.

    Die Zukunft von Voice-Commerce

    Die Zukunft von Voice-Commerce

    Marcel Krabath

    Die Zukunft von Voice-Commerce

    Die Zukunft von Voice-Commerce

    Auch wenn das Thema Voice-Commerce bereits seit Jahren zu den Trends im E-Commerce zählt, gibt es momentan am Markt noch wenige Angebote, welche das Thema sinnvoll unterstützen. Matthias Heimbeck, Founder und CEO bei Findologic verfügt über langjährige Erfahrung im Bereich E-Commerce und neuen Technologien. Im folgenden Blogbeitrag stand er für ein kurzes Interview zur Verfügung, in welchem er das Thema Voice-Commerce genauer unter die Lupe nimmt und die Probleme und Lösungen dazu aufzeigt. 

    Voice-Commerce ist ein Thema das den E-Commerce schon seit langer Zeit begleitet. Wann kommt der Durchbruch und warum ist es noch nicht perfekt umgesetzt worden?

    Grundlegend zähle ich 3 Themen, welche zuallererst verbessert werden müssen, bevor das Thema “Voice-Commerce” den großen Durchbruch erlebt. 

    Der richtige Lösungsansatz

    Das Thema “Voice” wird immer noch mit eingetippter Sprache verglichen und die Lösungsansätze hierzu gehen auch meist in diese Richtung. Das ist jedoch ein großer Fehler, denn Voice-Commerce hat viel mehr Potenzial. Nehmen wir ein Beispiel: Bisher können im Online-Shop nur Dinge gemessen werden, mit welchen der Kunde interagiert und der Online-Shop auch anbietet, bei “Voice” ist das jedoch gänzlich anders. Es kann auch zu Anfragen kommen, welche noch nicht angeboten werden. Hierauf gilt es gänzlich anders zu reagieren. Zusätzlich warten wir noch auf den Durchbruch, weil diese Lösungen für User-freundlichen Umgang in der Menge noch nicht vorhanden sind. Es gibt zwar bereits einzelne erfolgreiche Projekte, welche praktikable Lösungen anbieten, aber vor allem in großen Online-Shops und Marktplätzen bekommt man hier wenig Weiterentwicklung zu Gesicht bzw. zu Gehör. 

    Verbesserung der Usability 

    Besteht für User keine Möglichkeit mit einem Tool zu interagieren, werden sie es auch nicht verwenden. Die offerierte Lösung muss so gut sein, dass User nicht mit einer Maschine reden, sondern eine sinnvolle Kommunikation wie mit einem Menschen führen können. Vor 10 Jahren stand Mobile-Commerce genau in der momentanen Situation von “Voice”. Nur ein Bruchteil der User besuchte den Online-Shop über ein Smartphone. Grund hierfür waren die Interfaces, welche noch nicht auf die neue Marktsituation angepasst waren und somit die User Experience fehlte. Mit rasant wachsender Nachfrage der User wird heute wie damals das Thema jedes Quartal neu beurteilt und somit Entwicklungen auch neue Prioritäten zugeschrieben.

    Starte jetzt mit kleinen Schritten

    Besonders im E-Commerce gilt es zu analysieren was Kunden haben wollen und wie man durch “Voice” einen Mehrwert bereitstellen kann. Wenn man das schafft, dann besteht die Chance einen Vorteil anbieten zu können, welcher auch genutzt wird. Die Möglichkeiten der Zukunft sind unbegrenzt. Die Kunst ist es damit anzufangen und Stellschrauben zu finden, welche man heute schon optimieren kann. Als ersten Schritte für Online-Shops empfehle ich zu analysieren, zu welchem Zeitpunkt potentielle Kunden abspringen, oder wann sie eine erneute Suchanfrage stellen. Diese Punkte iterativ zu untersuchen und zu optimieren ist wegweisend.

    Sollte man diese 3 Themen verbessern bzw. lösen, steht dem Erfolgsweg von Voice-Commerce nur wenig im Weg und es wird in einigen Jahren, wie das Thema Mobile bereits heute, zum Standard eines jeden Online-Shops zählen.

    Ich denke, dass Voice-Commerce in gewissen Bereichen den jetzigen Standard übernimmt. Besonders kleine Dinge, welche das tägliche Leben betreffen, werden in Zukunft durch solche Tools ersetzt.

    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.

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