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How to Optimize Massive Online Sales (OMOS) Events?

Subharun Mukherjee 18+ years of experience leading product strategy, Go-To-Market (GTM), new market entry, value-based sales, analyst relations, and customer experience programs. Expertise in Financial Services, eCommerce, on-demand services, and the SaaS industry.
How to Optimize Massive Online Sales (OMOS) Events?

Discover how to optimize Massive Online Sales (MOS) events with personalized strategies that drive engagement, conversions, and customer loyalty, backed by key insights from our e-book, Conquering the Festive Rush.’

Massive Online Sales (MOS) events, such as seasonal sales or festive-themed campaigns, represent prime opportunities for brands to boost revenue and customer engagement. In fact, online marketplaces sold goods worth $6.5 billion, or almost Rs 55,000 crore, in just one week of festive sales, marking a 26% increase from last year. Mobile phones, electronics, consumer durables, home, and general merchandise accounted for three-fourths of these sales.

During these online sales events, customers are bombarded with deals, discounts, and exclusive offers from multiple brands competing for limited consumer attention, making it tough for businesses to stand out from the crowd. 

So, in this intensely competitive landscape, how do you, as your brand’s marketing leader, maximize online sales for your e-commerce, direct-to-consumer (D2C), and e-retail businesses? How do you attract customers, stay top of mind, and ultimately boost your online sales?

In this blog, we’ll explore effective strategies to help you maximize the impact of your MOS events and deliver seamless, personalized experiences that drive success.

Identify Shopping Trends Throughout the Season

Identify Shopping Trends Throughout the Season

To effectively prepare for Massive Online Sales (MOS) events, start by leveraging historical data to identify top-selling categories, sub-categories, and specific brands during the shopping season. This data-driven approach helps you uncover key purchasing phases across the extended festive period, comparisons against non-festive campaigns, thus giving you the insight needed to tailor your offerings and align your strategy with consumer behavior. Discover how cohort analysis can unlock deeper insights into customer behavior and drive smarter decisions. 

Correlate Shopping Trends to the Festive Season

Correlate Shopping Trends to the Festive Season

Understanding how shopping and cultural trends align with key festive dates is crucial to staying relevant. In India we have observed, the market experiences a surge in “electronics & appliances” during the first week of the H2 festive season, followed by a spike in “home improvement” post-Navratri. As Diwali approaches, categories like “home decor,” “clothing and apparel,” and “gifting items” see significant demand. Similarly, in the U.S., “electronics and appliances” dominate during Cyber Week, followed by a strong focus on “clothing and accessories” during Christmas. 

Depending on your business model—whether you’re a multi-category outlet or a single-category platform—understanding these trends helps you align your offerings with consumer preferences at the right time, ensuring your platform remains relevant throughout the season.

Read more on this, by downloading the e-book “Conquering the Festive Rush.”

 

Boosting Engagement at Every Lifecycle Stage

Boosting Engagement at Every Lifecycle Stage

To maximize customer engagement during the festive season, it’s essential to break down your customers into distinct lifecycle stages, each requiring bespoke strategies. Here’s how you can approach each stage:

New-to-Platform Customers

These are customers who are just exploring your platform and may not be intending to make a purchase yet. The goal is to convert them into buyers by offering tailored introductory discounts or promotions to encourage their first purchase during the festive season.

Transacting Customers

These customers have already transacted with you, indicating potential interest and intent to buy again. Engage them by products based on their previous purchase history with the goal of driving repeat purchases.

Repeat Customers

Customers who have bought more than once, showing a clear pattern of satisfaction. To take this further, offer them exclusive loyalty program subscriptions, partner or affiliate deals and tailor-made offers to deepen their relationship with your brand.

Loyal Customers

These are your most engaged customers who choose your platform consistently. Enhance their festive experience by offering VIP benefits, such as priority access to limited-stock items, invitations to exclusive events, behind-the-scenes look at your brand, among others.

Dormant Customers

Reconnect with customers who have stopped engaging for a while by sending personalized win-back emails featuring holiday discounts or free shipping offers, reigniting their interest in your platform.

Churned Customers

These customers have fully disengaged, often indicating dissatisfaction or a shift to competitors. To win them back, use exit surveys to understand their reasons for leaving and offer tailored incentives to encourage them to return for their holiday shopping.

By strategically engaging customers at each lifecycle stage, you can maximize their potential and drive meaningful sales during the festive season. To drive this engagement, you need to stay on top of the minds, and you can do this with personalized and compelling communication.

Crafting Compelling and Personalized Communication for Customers

Crafting Compelling and Personalized Communication for Customers

To truly boost engagement, brands need to move beyond generic messaging and embrace personalized communication. However, it’s not about using hyper-personalization everywhere; it’s about applying the right level of personalization at the right time. 

CleverTap’s Personalization Schema, designed by its expert data scientists, helps brands achieve the perfect mix of personalization during the festive season when customer engagement is at its peak.

Level 1 (L1): Messaging based on demographic data like age, gender, geography, etc. 

Level 2 (L2): Messaging based on behavioral segmentation like past customer actions and events

Level 3 (L3): Messaging based on psychographic and intent segmentation 

Level 4 (L4): Real-time messaging on real-time events, behaviors, etc.

CleverTap's Personalization Schema

CleverTap’s Personalization Schema defines four key levels of personalization that are crucial for maximizing impact during the holiday sales. What are these four levels of personalization? 

Download our e-book titled “Conquering the Festive Rush” and learn more. 

 

It’s important to remember that a single message will not be effective throughout the entire season for a product category. Refreshing your communication regularly helps prevent customer fatigue and keeps the content feeling fresh. By creating multiple variations of messages for the same product, category, or brand, you can stay agile and quickly pivot when the performance of a particular message begins to decline. This approach ensures that your marketing remains relevant and engaging throughout the festive season.

Developing a Strategic Marketing Calendar

Developing a Strategic Marketing Calendar

After understanding the connection between your product categories, customer preferences, and outreach messaging/personalisation, the next critical step is to schedule a detailed marketing calendar with the following elements in order to drive success towards business objectives:

Teaser Campaigns & Festive Wish Lists 

Build anticipation by launching teaser campaigns before the festive season. Encourage customers to create wish lists, offering insights into their preferences and helping guide inventory and promotions.

Day-1 Readiness

Prepare for Day 1 of the sale with precision. Optimize your website, finalize promotional strategies, and align all marketing efforts to ensure maximum visibility and impact on this high-stakes day.

Pre-Orders & Early Access

Secure early commitments by offering pre-orders with exclusive benefits like discounts. Give loyal customers early access through your loyalty program, enhancing their shopping experience and reinforcing brand loyalty.

Thematic Weeks & Daily Spikes

Organize sales around festive themes during specific weeks. Plan daily spikes, such as flash sales and interactive promotions, to maintain excitement and engagement throughout the entire holiday season.

Leveraging Dashboards for Data-Driven Success

Dashboards serve as a central hub for tracking key metrics and adjusting your strategy on the fly. Here’s how you can use them to drive success during the festive season.

Dashboard Decisions

Integrate robust dashboards to track key metrics such as traffic, campaign performance, and channel effectiveness. With real-time, data-driven insights, you can make informed decisions that optimize your strategy and elevate your D2C or e-commerce business.

Traffic Dashboard

Traffic Dashboard

Gain a deeper understanding of customer journeys to enhance their shopping experience. Track metrics like homepage visits, product views, checkout behavior, and purchases to identify trends and improve the customer journey at every step.

Campaign Performance Dashboard

Campaign Performance Dashboard

Monitor the success of your campaigns by tracking key metrics such as sends, opens, clicks, and revenue impact. Break it down by categories, products, brands, and themes to see which messaging resonates most with different customer segments.

Channel Performance Dashboard

Channel Performance Dashboard

Identify the top-performing touchpoints for each customer segment by tracking channel performance metrics across all campaigns. This allows you to pinpoint which channels are driving the most conversions, helping you refine your strategy for maximum sales.

By aligning your marketing calendar with these insightful dashboards, you can engage customers more effectively and drive sales throughout the festive season.

Engaging Customers During the Event

An omnichannel approach has become essential in today’s e-commerce landscape, and selecting the right mix of channels is key to driving sustained growth. The insights gathered from dashboards, which track metrics like channel attribution, CTR, conversion rates, onboarding, and engagement, help businesses make data-driven decisions when choosing which channels to prioritize.

The selection of channels should be influenced by factors such as:

  • The current stage of the business in its growth journey
  • Channel performance metrics
  • The ability to maximize retention, measured by customer stickiness

As businesses grow, the number of channels in their cross-channel strategy also expands. On average, for every 20% increase in Monthly Active Users (MAU), businesses typically add one new channel to their strategy.

For more details, please check CleverTap’s Unraveling the Cross-Channel Marketing Strategy 

 

Conclusion

In conclusion, the festive season presents a prime opportunity for e-commerce businesses to not only boost sales but also strengthen customer loyalty. 

Success hinges on a comprehensive, data-driven strategy that begins by identifying shopping trends throughout the season and correlating them with the festive rush. This insight enables businesses to craft targeted campaigns that resonate with customers. 

Throughout the season, it’s essential to boost engagement at every stage of the customer lifecycle, ensuring your messaging is relevant and timely. 

Personalization plays a critical role, with tailored communication that speaks directly to customers’ needs and preferences driving stronger connections. 

A well-structured marketing calendar helps ensure that campaigns stay aligned and impactful, while leveraging data dashboards enables real-time optimization for maximum success. 

Finally, maintaining customer engagement during the event through personalized offers and strategic touchpoints ensures a seamless, high-conversion experience. By embracing these steps, businesses can thrive in the holiday rush, turning seasonal opportunities into long-term success.

Dive deeper into these strategies, read now “Conquering the Festive Rush.”

 

Posted on November 22, 2024