ecommerce

AdRoll Blog: A Beginner's Guide to Cohort Analysis in Digital Marketing

Cohort analysis empowers marketers to move beyond simplistic or generalized conclusions in their data analytics, offering valuable insights that enable digital marketers to make informed decisions based on customer motivations and behaviors.

A cohort represents a subset within an audience segment, united by a shared experience or characteristic that transcends basic demographics. The definition of a cohort group can encompass various "experiences," including significant life events like military service, marriage, divorce, having children, or relocating to a new place.

Additionally, technical factors such as email subscription dates, social media likes or shares, or event attendance can also define cohorts. Companies often leverage cohorts to deliver highly relevant and personalized content and advertisements to small groups of users. Moreover, cohorts help deepen the understanding of audience behavior and enhance strategies and campaigns.

Okendo Discovers New Prospects & Enriches Lead Data with Charm.io

Author’s Note: Charm.io hired us to meet with their customers and learn about their experience and success with the platform. Here is the published article.


About Okendo

We spoke with Safiya Moran from Okendo to learn how she and her team are using Charm.io and some of the secrets behind their success with the process. Okendo is a customer marketing platform that raised a $26 million series A financing round. Today the company works with over 5,000 consumer brands and helps them attract more shoppers, increase sales, and increase their customer lifetime value. One of their most popular services is the reviews platform that works with Shopify eCommerce stores. Okendo aims to build customers for life and is trusted by some of Shopify’s fastest-growing brands. The company also integrates with over 50 commerce technologies, enabling them to deliver seamless experiences to consumers and increase brand loyalty and customer lifetime value (CLV).

Favorite Features

Okendo uses Charm.io to discover new prospects and enrich the data that they have on existing leads. Some of their favorite features of the Charm.io platform include identifying DTC brands by the technologies they use and where they are located. Another favorite feature is Charm.io’s proprietary scores for all DTC brands, including ranking DTC brands based on Growth Score, Success Score, and Sophistication Score. The Okendo team has found the platform to be exceptionally intuitive, which saves significant time on a daily basis and when onboarding new team members. All of the data and tools that Safiya and her team need are right at their fingertips.

Technologies

Within Charm.io’s platform, companies can see which types of technologies DTC brands are using. These insights are particularly helpful for Okendo since they primarily work with companies that use Shopify. The Tech Tab (within every Charm.io Brand Report) tells their team which DTC brands use the Shopify platform and which other tools they are using in conjunction with Shopify. They can also use the Prospector tool to easily view a comprehensive list of DTC brands using Shopify. This information is also synced to their Hubspot account. Since Okendo has a long list of integration partners, this helps them identify which brands work with their partners.

Many companies use this tool to know how to customize their sales pitches to various companies and which integrations they can lead within marketing. Often, brands that use a sophisticated tech stack will be more likely to purchase from a company that integrates into their existing workflows.

This view into technologies used also provides insights into which competitors the DTC brands may be using. This is a key indicator that the brand has a need for Okendo’s services and would likely be a good fit if the Okendo team can win over the decision makers.

Companies frequently use Charm.io to do competitive research and create a target list of prospects that are currently using competing companies. This information helps to prepare the sales team and position marketing messages as comparison tools that allow companies to see why they should make the switch away from the competition.

Scores

Members of the Okendo team also use Charm.io’s proprietary scores to enrich their existing data. This helps them prioritize the fastest-growing brands and it expands their TAM to up & coming brands that are growing super fast. Since the company has its sights set on the top 10% of Shopify brands, the Growth Score is a key indicator to follow to identify its ideal prospects.

Customer Support

Safiya also noted that they are connected to the customer support team at Charm.io through a dedicated Slack channel, which has made it incredibly convenient for them to get help as needed and receive responses quickly.

Enriching Hubspot Data

Okendo uses Hubspot as its marketing software, which means the company benefits from Charm.io’s seamless integration with Hubspot. This enables the team to run Charm.io continuously in the background to enrich the data that they have on prospects and leads within their system. When Okendo runs special campaigns to expand its database, the team relies on Charm.io to create a list of target companies that are not already in their Hubspot system.

Looking to the Future: 2023 Plans for Charm.io

While Okendo’s team has gained significant benefits from the Charm.io platform, Safiya believes they are only using about 25% of what the technology has to offer. She says that 2023 would be a great time to expand their use of Charm.io and the benefits that it brings to their company. The team can also take advantage of Charm.io’s weekly newsletters and monthly webinars by the Customer Success Team to expand their use of the platform.

Okendo Recommends Charm.io for eCommerce Data Enrichment

“We recommend Charm.io to any company in the eCommerce field that would like to prospect for DTC brands and leverage a reliable data enrichment tool,” said Safiya. “Charm.io provides the best data coverage of the tools we’ve tried, and the user-friendly, intuitive interface makes it easy for any company to use the platform. Charm.io has become a critical tool in Okendo’s data enrichment process.”

Try Charm Today

Charm.io is a leading eCommerce intelligence platform for prospecting, brand research, and accessing vital contact information for key players in each company. Get started with a free Charm account here and attend our upcoming Charm 101 webinar to hear from our Customer Success Managers about how to build the perfect pipeline and find DTC insights.

HeySocial Accelerates Business Growth with Charm.io

Author’s Note: You can find the published case study here. This may contain final updates from the client.


About HeySocial

HeySocial is an advertising agency that specializes in TikTok advertising for eCommerce brands. Twin brothers, Lucien and Simon, are the co-founders of the company, which has worked with brands such as Coinbase and Manscaped to rapidly and consistently grow their social media followings.

The Prospecting Problem

Prior to finding Charm.io, Lucien and Simon used a virtual assistant and various tech tools to create prospecting lists. However, the tools they used required them to review each company individually to ensure it matched the criteria, which wasted a significant amount of time. The most they could target each month was around 3,000 new prospects.

After signing up with Charm.io, that number grew to 10,000 prospects in a matter of two weeks. Given HeySocial’s immediate success with Charm.io, we asked these co-founders to speak with us about why they think Charm.io has led to such impressive results so quickly.

Favorite Features

“Charm.io is an impressive prospecting tool for our sales team,” said Lucien and Simon. “We can narrow down our potential targets to a prioritized list based on precise criteria. The wide range of filters available in Charm.io and easy exporting capabilities are some of our favorite features. With the quick export, the information is immediately usable and creates instant value for our team. The customer success team has also been incredibly helpful and responsive to our needs.”

Filters for Precise Prospecting

The team at HeySocial uses Charm.io’s filtering capabilities to build specific and customized prospect lists. Some attributes they look for include revenue, market, advertising, and TikTok growth. Because they deliver TikTok advertising services, they can focus on brands that are using TikTok but may not be growing at the pace they would like.

Once the filters are in place, it’s easy for HeySocial to build custom static or dynamic lists and export them as needed. Compared to their previous process before signing up for Charm.io, HeySocial was able to save significant time, build more extensive and precise lists, and contact more prospects in just a matter of days. Before Charm, HeySocial spent two weeks getting 5,000 emails, and now with Charm, they can get 5,000 emails in just 30 minutes.

Customer Service

Lucien and Simon shared their thoughts on the customer service experience with Charm.io. “Charm.io is very customer-centric. Our account manager is always responsive to our needs. Recently, we had a question about an issue we were dealing with, and the customer service team was able to quickly teach us about the key features that would help us to overcome those challenges. We had a solution in minutes, not days.”

HeySocial’s Real Results Using Charm.io

When we spoke to HeySocial, the team had only used Charm.io for a few weeks, which made the results they shared even more impressive. After signing up for Charm.io, the company could prospect for the same number of brands in 20% of the time. While HeySocial used to contact approximately 3,000 brands in a month, they accomplished the same thing in just six days using Charm.io.

Results After 6 Days

  • Sent 2,958 emails — five times higher than the average HeySocial sent previously within the same timeframe

  • Had an email open rate of 75%

  • Added 34 prospects with an average value of $88,000

  • Booked 14 discovery calls with a close rate of 14%

At the time of the interview, HeySocial had approximately $42,000 worth of qualified leads in the pipeline. We followed up with them to get their results after just one month of using Charm. They increased their success numbers significantly during that time.

Results After 1 Month

  • Added 71 prospects valuing $177k

  • Booked 50 discovery calls — five times the amount of discovery calls they would previously book in a month

  • Closed 7 deals and added $19,250 MRR with the rest of their prospects still in discussions or pushed back to the new year

HeySocial Recommends Charm.io

“We would recommend Charm.io to any company that wants to be really precise with their cold outreach while saving a significant amount of time,” said Lucien and Simon. “Some of our favorite things about Charm.io are the precision, time savings, and robust data that we get from the platform and the quality of their customer service, including their ability to take feedback for future product updates.”

Try Charm Today

Charm.io is a leading eCommerce intelligence platform for prospecting, brand research, and accessing vital contact information for key players in each company. Get started with a free Charm account here and attend our upcoming Charm 101 webinar to hear from our Customer Success Managers about how to build the perfect pipeline and find DTC insights.

AdRoll: The Future of Ecommerce: Sustainability, Social Selling and Other Trends for 2022

The e-commerce industry is continuously evolving, making it difficult for marketers to keep up. This blog discusses the future of e-commerce trends, including sustainability and social selling.

AdRoll Article: E-Commerce Marketing Strategies for 2019 & Beyond

Author’s Note: This is an SEO-style blog adapted to the client’s preferences in terms of keyword usage and possible variations in spacing/spelling.


E-commerce is a rapidly growing and increasingly competitive segment of the retail industry. Keeping up in this fast-paced marketing environment requires responsiveness and forward-thinking strategies. As consumer needs and expectations change over time, and new platforms and technologies become available, it’s critical that your e-commerce marketing strategies continue to evolve and adapt as well. 

Global retail e-commerce sales are expected to reach $4.8 trillion by 2021 according to a report by Statista. Though this translates to an immense opportunity for brands, new challenges are constantly arising. Digital ad costs are increasing (5x faster than inflation), influencers are charging more while reaching less, and competition is on the rise.⁶ So, how will your brand stand out from the crowd? What e-commerce marketing strategies will you employ to establish and maintain a competitive advantage in 2019 and beyond? 

In our e-commerce marketing guide, we focus on the top 5 strategies that your brand can deploy in 2019 to increase consumer engagement, build trust and loyalty, and boost sales and ROI. Our primary focus areas include customer-centric content marketing and SEO, leveraging technology to boost ROI and conversions, social selling and video marketing, Amazon advertising, and mobile.

Customer-Centric Content Reigns & SEO Evolves

Content continues to wear the crown in 2019 as it plays a critical role in every successful e-commerce marketing strategy. If you feel like you’ve been left behind in the heated race to become content creation champion, now’s the time to dive in. Here are a few ways to optimize your strategy or get started from scratch:

  • Launch your blog or increase blog production
    Blogs help to build a loyal, long-term audience, while creating an entertaining experience for your customers. Beyond providing a terrific opportunity to connect with consumers and build trust, posting blogs regularly helps keep your site fresh, which is essential to boosting SEO.

  • Optimize online content for search engines and consider voice search.
    Quality on-page SEO increases rankings and attracts new visitors to your website. Though search engine algorithms are constantly evolving, three factors remain important to rankings: consistency, quality, and relevance.

    The first step to good SEO is establishing a keyword strategy. Identify keywords that make sense for your company and products, and remember that in the modern age of voice technology, you must also consider the way that people search when speaking to Alexa and Siri. As Susan Engleson of ComScore stated, “Voice technology is poised to permeate all aspects of our lives—at home, at work, and on the go.” ComScore also predicts that 50% of all searches will be made via voice by 2020.⁸

    Once you select your keywords, find a natural way to incorporate them into your blogs, web pages, and other searchable content, paying special attention to titles and headings. However, the days of over-stuffing pages with keywords are over (and punishable by poor rankings). So, ensure that your words flow and that your content continues to be enjoyable for your readers.

    It’s also critical to create original content throughout your website—even on product descriptions. Pages that are too similar may be considered duplicates, which would split the SEO value and result in lower rankings for both pages.

  • Create content that speaks to your buyer personas at all stages of the sales funnel.
    In addition to attracting site visitors and building interest in your brand, fresh website content helps to move consumers through the sales funnel. When developing and updating your website, ensure that you have interesting content that speaks to the top, middle, and bottom of the funnel.

  • Capture lead information with enticing, high-value content offers.
    Once your new blogs and web pages attract visitors, it’s critical to capture those leads so you can nurture them through to sale. Identify the types of content that interests your audience and gate it behind a wall that gathers email addresses and other information about your website visitors. Also, consider what format your content offering should take to appeal to your customers. Should forms live on certain pages as CTAs? Should you use lead generation pop-ups? What about exit inquiries? The list goes on.

Leverage Technology to Enhance Customer Experience and Boost ROI

To encourage online sales, it’s important to embrace features that increase buyer confidence and make it quick and easy to find the products they’re looking for—like adding filtering options & improving searchability.

  • Interactive Product Visualization

E-commerce brands that can overcome the downsides of purchasing online will surpass competitors. By leveraging technologies like interactive product visualization (IPV) that enable zooming into details and viewing products from 360°, your brand can help consumers eliminate the guesswork involved in shopping online, make informed decisions, and increase conversion rates.

  • Product Demo Videos

Product demo videos can also support this process by showing how products work. For example, watching a video of a model wearing a particular outfit helps consumers visualize how an outfit might fit, move, and cling to the body during normal use. 52% of consumers say that watching product videos makes them more confident in their online purchasing decision.

  • Artificial Intelligence
    Artificial intelligence (AI) is having its moment in 2019. Though it may sound futuristic and intimidating to many brands, AI is the secret weapon to staying competitive in the modern era of marketing. The term “AI” encompasses a wide range of technologies that substantially increase efficiency and provide meaningful and actionable data—which marketers can use to dramatically increase revenue and ROI.

    Modern marketing must leverage data to continually improve and meet the ever-changing needs of consumers. AdRoll enables marketers to launch complex campaigns across multiple channels, then leave the platform to do the work for them. The AI tools continually analyze the effectiveness of campaigns across ad types and channels and automatically adjust bids to maximize ROI and optimize for campaign goals. With machines doing much of the manual and complex data analysis, your team is free to pursue other aspects of your marketing strategy.

    In 2019, AI will continue to grow and expand in its application, improving everything from the tracking of customer traffic online to inventory management and even automation. E-commerce brands can use AI to see which products appeal to which consumers, analyze how consumers engage with their websites, and determine which types of products are more likely to convert each individual consumer. AI is the key to skyrocketing ROI results and getting the most value out of your marketing budget.

  • Retargeting
    92% of first-time website visitors are not ready to buy and leave without making a purchase. Those opportunities and any related advertising dollars are wasted if these visitors disappear forever. However, retargeting enables e-commerce brands to capture these opportunities and market to them until a sale is made by following visitors across the web on all of their favorite sites—including social media. Visitors are reminded of items they expressed interest in, and receive recommendations of similar items they are likely to enjoy.


    If retargeting is not part of your current marketing plan, it should become a primary strategy in 2019, as it runs automatically and requires little effort from your team. However, it carries the immense potential to significantly increase ROI.

  • Automate your email marketing workflow.
    91% of consumers check their email on a daily basis; making email the number one communication channel.³ When done well, email converts more successfully than any other marketing method and results in higher average value per sale. For every $1 spent on email marketing, you can expect an average return of $38.

    Though email automation is not a new technology, it is a necessary one. By automating your workflows, you can nurture leads and strengthen customer relationships while you work on other aspects of your marketing strategy. By letting the software work for you, you save time and resources, while getting more for your money.

Social Selling and Video Marketing

We can’t talk about marketing in 2019 without including social media. Social media is quickly taking over as the primary method for communicating with consumers, attracting new audiences, and selling products. The ability to shop directly on Instagram has changed the game for e-commerce and has made Instagram a top-priority platform for brands. 

To step up your social media efforts in 2019, consider adding more video content, leveraging user-generated content, and launching influencer campaigns and collaborations with other brands. Partnering with companies that share a similar audience to you to create giveaways and run contests can help to increase page likes and followers through cross-promotion. 

Personalized video messages and 360° video can also deepen engagement with your audience. Forbes predicts that live streaming will become even more popular this year, so consider experimenting with live video on Instagram and Facebook. Remember that every audience is different, so continue to experiment, analyze, and revise until you strike the right balance of content type and frequency of posts for your particular audience.

Amazon Advertising

New reports indicate that 68% of American shoppers head directly to Amazon when browsing for products. In addition, 80% of shoppers who plan on purchasing from a different site still visit Amazon first to read reviews and check prices. Amazon’s ability to attract eager shoppers at their first search attempt is why experts are predicting that the future of advertising is at Amazon and the future of Amazon is advertising. In order to increase visibility, your brand may want to include Amazon in its advertising plans.

Mobile

Experts predict that by the end of 2019, the majority of all purchasing may tip toward mobile. In fact, 2016 saw the majority of e-commerce sales made on mobile devices, and eMarketer estimates that 72.9% of online purchases will be made on a mobile device by 2021.⁸ Add to these predictions the fact that shopping through social media platforms like Instagram is quickly becoming the norm, and you can safely say that mobile is a critical focus for e-commerce now and into the future.

As consumer behaviors, social platforms, and technologies continue to evolve, your marketing techniques will need to adapt as well. Though there are many approaches you can take, by focusing on the critical components in this e-commerce marketing guide, you will be well on your way to taking your brand to the top in 2019 with responsive and successful marketing strategies.