Customer Experience

Talk-Commerce-Scott-Moore

Forget Everything You Thought You Knew About Brand Collaboration with Scott Moore

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Veteran Twin Cities marketer, Scott Moore thinks he’s found that most elusive of opportunities. A new way for businesses to reach the parts and touch the hearts of customers that the $300bn US ad industry simply cannot.

After a storied and successful career beginning at the legendary Fallon agency, rising to the top of marketing at Best Buy and then as CMO of Wynn Resorts, Scott has invested billions of dollars on every form of marketing and has seen every enduring and ephemeral 21st century trend.

Which makes his latest move one that we should all stand up and pay attention to.

Last year, bitten by the collab bug and smitten by the business opportunity, Scott left corporate marketing behind to launch Colaboratory with his co-founder Brian Bispala, formerly the CTO of Code 42.

Colaboratory is a marketing automation platform that makes it easy for brands of all types and stripes, shapes and sizes to meet, match and execute brand x brand collabs to drive growth and enhance brand perception.

In today’s episode Scott explains how;

  • Brand collabs cut through the digital clutter to create impactful and effective marketing in an age when marketing has been increasingly commodified. 
  • Collabs will counter a cookie-less future promising less creativity and a return to “bigger-takes-all” message bombing.
  • How a “collab marketplace” solves many of the friction points stymying brands as they try to get in the game.
  • Collabs are now available to all brands not just a tool that has been mastered by culture-forward brands in Food, Fashion, Sports and Entertainment.
  • Collabs help brands, “share and square” their equity across platforms and touchpoints, dimensions and domains.
  • Brand collabs enable brands to divide the effort and multiply returns as they expand customer perception and accelerate new product and promotional opportunities.

Today’s show is an insider view on how the best marketing brains are developing this new muscle, and masterclass on how you can too.

Brand-to-brand CoLab and innovative partnerships go beyond just creating a funny ad, like you see in the Super Bowl. That’s creative, but that’s ephemeral. It’s art. 

These Colabs that are being built today are conceptually interesting. They’re not just visually arresting.You’re like, wait a minute. What’s that? It catches your attention. 

We interview Scott Moore who is building solutions where you don’t have to be Jay-Z or the CEO of Nike to do a collab.

You shouldn’t have to be the president of Ralph Lauren. All brands should be able to say, Hey, these are my customers. This is what I’m trying to do with them. Who can I partner with to grow my brand.  

Unlock and Unleash the power of Brand to Brand Colaborations 

The Talk Summary

  • Scott is co-founder and CEO of Collaboratory, a venture back startup that helps brands connect to brands to grow their market more efficiently, more effectively with their partners.
  • I’m a former marketer, started an advertise, was the COO of a marketing tech company, sold to private equity, and then was the CMO of wind resorts. I’m now the CEO of High Alpha, a new business with my partner Brian Bisk.
  • Scott: I hired the team, defined a big space where such that if you win, you really win, and then went build products and experiences that meet your customer’s needs.
  • Scott says that if someone slaps you at a high frequency, it hurts. Brent says that he used to say the joke in the preamble and have a little laugh track that goes on behind it, but then he decided to just start telling the joke to the listeners.
  • Scott: I worked for Win, Wind resorts, and Encore, and they’re all world class companies. Encore Boston Harbor is like a full on Vegas style hotel at wind level of execution, five minutes from downtown Boston.
  • Brent: I’m interested in the collaboration space and Andy Hel has been helping me get informed and learn about it. We could also talk about entrepreneurship and getting funded, and yesterday I was sat next to a venture capital backed company who is going for his second round of funding.
  • Brand partnerships are more than just having your JBL stereo in your Pontiac Sunfire. They can be as big as McDonald’s Monopoly and Best Buy. Scott: It came to light through proximity, existing relationships, or serendipity. I don’t know how Senator Serendipity works, but it doesn’t fit to a 21st century world or 21st century marketing in any way.
  • In the market for love, the way we solved it was meet your, best friend’s sister. In the market for jobs, the way we solved it is through Indeed, and in the market for collectibles, Etsy does the same thing.
  • Scott: I can do better segmentation to figure out should they target you or me, and then I’ve got amazing pipes into your life. But I don’t remember a single ad from today, and that’s an age old marketing problem.
  • Scott says that he’s never bought a Clinique product in his life, but he has bought a lot of Crayola, and he noticed that the two brands have a shared audience. He says that if you can find relevant audience connections, you can fill in the gaps.
  • Scott: We want to build solutions where you don’t have to be Jay-Z or the CEO of Nike to do a collab. We want to do it in a software data-driven, technology kind of way.
  • Scott: In the past, a lot of these collaborations have been incidental or by accident. But now, as social media matures, influencers are still pretty strong, and Adidas knows their business and they can do it.
  • Scott: A TicTacs on TikTok is on fire, so leave that alone. The maturation means you’re paying a CPM cost per thousand when you buy media.
  • A partnership between any two brands can be very interesting. You could pick ’em, and the other brand may have an equal set of assets, but they may have a different spin on the customer audience.
  • Scott: There’s a lot of brilliant, creative marketing people across all organizations of all sizes, and there are ways to bring data to this work. Brent: There are risks and rewards to collaborations, but the ones that are well constructed tend to perform better.
  • Scott: Those ones tend to outperform Who I happen to know from high school. Brand partnerships and collaborations are the way to grow strategically, and we’re saying just let us, let’s role play back. Scott: Sometimes we smarty pants people get over our skis with all the rational, and we need to go back to the local third grade classroom and see if they even understand our strategy.
  • Scott: Let’s go to the third grade class. They can vote on whether or not to partner with the Rolling Stones, Justin Bieber, or Athlete A. And there’s no math.
  • Scott: I think collaboration opportunities have always been there, but they’ve been viewed tactically and opportunistically, not strategically. I think collaboratory is uncovering these opportunities, and it’s emanating from culture leading categories like sport, music, culinary fashion of course.
  • In my past life I worked with a RUM brand that had a partnership with the Boston Red Sox. I think that was a strategic rather than opportunistic collaboration, and the Red Sox are very strategic in how they grow.
  • Scott: That doesn’t sound super strategic, although it’s intuitively right. The Red Sox are very analytics focused, and if they said, Hey, look at what’s happening in our audience, aside from the fact they we’re performing, and we have the trend you just talked about, the twins, that is also true.
  • Great commerce and digital properties do three things: they create demand, they capture demand, and they help brands grow. The Red Sox need to create demand, and they need to tell brands and partners what they’re interested in.
  • We have a tool called partner capture tool that gets put on in people’s emails, on their websites that says We’re open to co. partner with us. We take all this demand, capture it, organize it so they can go through it quickly.
  • Scott: I know I’ve seen more than my fair share of bad ideas, but I also know what to do with them. The good ones we just sort calmly off they go.
  • Scott: So we have demand creation, demand capture, and demand activation. Once we decide two brands, they have to meet, assess, agree this match, go do these things, and then go mobilize whatever they’re gonna do.
  • Scott: I don’t know who has what capabilities, but Coca-Cola can do something in stores better than I can, and Netflix probably has better content creation. We collaborate with agencies, design firms, TikTok, makers, email, but it’s more based on the customer’s needs.
  • Scott: The biggest advice I would give a CMO or a cro or a CEO who wants to get started in a collaborate collaboration is that it’s not to start with hey, our first collab should be the Rolling Stones or don’t start. Start one.
  • Scott: You can get started in Collaboratory with a quick start. You can use the marketplace to capture signal, find like-minded partners, and capture signal back from the partners and their customers, and you’re just gonna be smarter. Scott would like to plug his book, but I can’t tell if that was on Coth.
  • Scott says that he’s building a business that connects brands, but he also needs to build a community of collaborators. Scott: People who think this way, who care, are massive inveterate connectors, like I just connect people all the time. I don’t really worry about the payback we used once a year, but I would connect you in general.
  • Andy Hele is leading the cultivation of a community of collaborators. If you’re interested in this topic and want to play, reach out to us and let’s make match.com smarter so you can stop targeting supermodels and start finding people whose interests are more like yours.
  • Going back to the rules of marketing, Scott says measuring is one of the three big things you need to do. He also says there are thousands of potential collaborations, including Mrs. Meyers soap and some scrubbing, something.
  • I wanted to build a relationship with Brady for that other purpose, but I thought TB 12 should be at the wind. Two years later, I run into their leadership team and guy comes up, he’s sky, we’re at the wind.
  • Scott: I’d much rather be paid a commission, but I felt some inherent joy in saying, Hey, this is a good idea. Brent: I think we need to take this seriously, use data, use a platform, be pay it forward in this, and trust that you’re gonna meet more innovative people.
Talk-Commerce-Allie Kern

The Secret Sauce for Improving Customer Experience – Back Office Operations with Allie Kern

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Good customer experience is a top priority for any business. It’s the key to driving customer loyalty, acquiring new customers, and, ultimately, improving bottom-line results.

But many businesses overlook that the secret to excellent customer experience lies in back-office operations. By investing in back-office operations and ensuring they are running smoothly, businesses can ensure that customers have a seamless, enjoyable experience – and reap the rewards that come with it.

With the right back-office operations strategy, businesses can create a more connected customer experience, drive customer loyalty, and increase sales. Let’s explore how back-office operations can be used to improve customer experience.

We interview Allie Kern with BrightPearl who helps us understand how an ERP solution like BrightPearl can improve your customer experience.

Learn more about ERP here: What is ERP (Enterprise Resource Planning): What It Is and How It Works

What is an ERP
What is an ERP
Talk-Commerce Gaurav Baid

Changing the Buying Experience Through AR technology with Gaurav Baid

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The use of AR technology brings spatial depth to the onscreen buying/browsing experience – delivering life-like photorealism, mobile responsiveness, interactivity, and personalization – key influences re-shaping the digital commerce industry today. Gaurav has set out to deliver meaningful & delightful enhancements to visual experiences by deploying 3D Computer Vision and AI technological advancements of Avataar’s proprietary platform. He believes that the way in which end consumers are discovering products today, will undergo a massive transformation with software and hardware evolution in the current decade and wishes for Avataar to play a major role in this.

Talk-Commerce Megan Blissick

2022 Holiday Season Insights and Shopping Trends with Megan Blissick

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It’s Black Friday, and we interviewed Megan Blissick with Signifyd. We talk about BFCM and the Pulse Tracker. Will the predictions be right?

You can listen to some of the numbers Megan gives us and compare them to what is happening! Signifyd’s Holiday Season Pulse Tracker compiles a live look at online sales with real-time adjusted season projections to bring you the fastest, most immediate insights into season performance.

Powered by Signifyd’s Commerce Network, the Holiday Season Pulse Tracker leverages data from thousands of retailers from a variety of verticals around the world.

Transcript

Brent: Welcome to this episode of Talk Commerce Today, have Megan Blissick. Megan is the head of Global Agency Partnership with Signifyd. Megan, go ahead, introduce yourself. Maybe tell us what you do on a day to day basis and one of your passions in life.

Megan: Ooh, one of my passions was fun. Yeah. Thanks for having mere.

Megan: I’m Megan. I had global agency partnerships at Signifyd e-commerce, fraud prevention and revenue optimization organization. So I’ve been with signify for I think, God, like two and a half years at this point. A lot of experience in the greater e-commerce. E brand management, digital marketing management, and the e-commerce ecosystem up until running partnerships that Signifyd for the past couple of years.

Megan: It’s been a great time. Love it there. And a passion of mine is rock climbing as a lot of folks I believe know at this point. When I’m not at conferences and events, I’m hanging off the side of a cliff .

Brent: And do they call that bouldering?

Megan: Bouldering is when there’s no ropes, but

Brent: Oh, so you don’t do that part?

Megan: No I get all the way up the top yeah, I get to get some really cool views up there.

Brent: I’m assuming you’ve seen the movie where the guy climbs El Capita, Is it called Free?

Megan: Yes I’ve seen a couple of those

Brent: movies. Any aspirations to do free solo for that one?

Megan: No.

Brent: I got super creeped out just watching that movie.

Megan: I definitely enjoy the rope element of rope climbing. I do that part where you fall and you don’t die. . Yeah.

Brent: That’s always a plus, right? Yeah. Cause in that movie, somebody did one of his friends died, I think.

Megan: It’s it can get really intense in the climbing world, but but me and my buddies we like to play it safe.

Brent: Yeah. Good. Before we get into content and after, now we’ve talked about rock climbing. Yes. I do have a project that’s called The Free Joke Project. Okay. And what I’d like to do is just tell you a joke and you can tell me if you think it should continue to be free. Or if we could charge for the joke.

Brent: Okay, here we go. Here we go.

Brent: I was trying to figure out why the ball kept getting bigger and bigger. Then it hit me,

Megan: Is this how this whole podcast is gonna go ?

Brent: Yes. All right. Since you were so good at that one, I’m gonna tell you one more and then we’ll move on

Megan: since, give me one more. Let’s go for it.

Brent: I entered 10 puns into a contest to see which one would win, no pun in 10 did.

Brent: Oh God.

Megan: How long are we doing this ?

Brent: We got another half an hour.

Brent: Okay, let’s go for it. Let’s go to, let’s go to real things now. Yeah. Commerce protection platform. Tell us about that. Yeah. In our green room, we talked about Signifyd being this fraud thing and we fraud protection, at least in my mind. And that’s what I thought about it, but it’s so much more.

Brent: So tell us, give us a little background.

Megan: Yeah. Okay, Brent, you and I have been working together the whole time I’ve been at Signifyd and you’ve actually been working with us longer than I’ve been around. So when Signifyd started, we were actually a fraud scoring tool. So what that really means is when a customer goes to a website they hit the checkout button and

Megan: we gather a lot of information about that customer based on not only the website they’re checking out on, but any other website within Signifyd network. That way if it’s the first time they’re at, REI buying a climbing rope but they’ve already gone to Moose Jaw and they’ve already bought some Caravaners we already understand a little bit about that customer more than the merchant on hand.

Megan: So that lets us make a better decision about whether or not that’s a legitimate customer. What we started realizing was, as we’re doing this scoring we are getting really strong scores getting better information than our merchants so that we could really provide them that value, but, They weren’t always taking us up on it.

Megan: So we started actually guaranteeing on our orders. So saying, Yes, we think this is a really good purchase. We think this person is correct. There may be, a couple things that look weird. They may be shipping it out of state, or the recipient doesn’t have the same last name. But ultimately we have enough data to stand behind this.

Megan: So we started adding a financial guarantee, and that’s where g. Fraud protection came from. So we said if we’re wrong and if it is fraud signify will pay the merchant back in full cost of product shipping, taxes, fees. And that really took us into another world of e-commerce fraud prevention, because what that did was not only prevent fraud, but we started actually increasing revenue and increasing order approval rate for our customers.

Megan: So we saw that. Getting rid of the fear of fraud, we are actually able to enable more transactions to go through. That really opened a door for our customers to see five to 7% revenue lift just by taking in more orders that they were at first afraid were fraud. So that really changed the conversation for us.

Megan: We are preventing fraud, but we’re really driving most of our value by driving more revenue. So we started looking. Further down in the conversation, what happens once that product gets there? Does the product arrive or does the merchants still have to pay for an item not received claim where they delivered the product got there, but the customer never got it.

Megan: So sometimes, that’s true. We’ve seen porch pirates especially talking to the holiday season. This is something that. It’s unfortunate, but it’s true. People steal things off of porches. I’m sure you’ve seen some of those Ring doorbell videos. But sometimes a customer does get their product and they say they didn’t.

Megan: A merchant busy during the holiday season doesn’t really have time to look into all those claims. They don’t want to insult their customers that are legitimate and are good and are missing their products. So they’re taking a hit there. Signify said, continue down the funnel. Let’s cover item not received claims significantly, not subscribed, subscription cancellations like cancellation errors, order shipping fees.

Megan: So we started really enhancing our commerce protection from just that point of sale, continuing down the funnel. Now Signifyd hosts a variety of different products through our three main modules through our agent console, where you can really tailor your different policies and your orders through insights reporting where you can really understand your customers better.

Megan: And through our decision center, which is, our core product of yes or no, are these orders being approved or not? That allows us to hit into a couple different categories past the traditional fraud prevention chargeback recovery, account takeover protection, author off rate optimization pre off acceptance.

Megan: You’re not paying those credit card fees anymore. Along with that that core of products. So at this point, yeah, signify covers our merchants end to.

Brent: And we talked earlier that right now it’s before Black Friday, but this episode’s not gonna come until after Black Friday. . So you do have something new called a, or maybe it’s not super new, but a sales prediction tool or sales tracking tool.

Brent: Tell us a little bit about that and how that’s gonna play into the holidays. .

Megan: Yes. So this is actually a continuous project that I’ve absolutely loved. It’s been part of Signifyd since I started right at the beginning of the pandemic. When we, we sit right in that payment gateway. We get to see real time transaction data across over 6,000 different merchants in hundreds of different products categories.

Megan: So what that really gives us is a chance. Look at real time e-commerce data. So actually just today we launched our 2022 holiday season insights and shopping trends. So as things happen in real time, we’ll be able to track. Our holiday season projections against what’s actually happening this holiday season.

Brent: All right. Then I’ll make sure, I’ll put all that on the show notes that they can get the link to the report and they can look at it. You had mentioned some things that, that we’re looking at in. The holidays. Can you give us any insights that we might see for Black Friday? And I guess we’re gonna know if you’re right or wrong for Black Friday after this, but we still have Christmas, Hanukkah coming up in Yes.

Brent: As we go forward.

Megan: Absolutely. So we have. Three categories right now of holiday season predictions. We have one on total holiday spend. We have one on product volume, how much is actually going to be purchased, and then we have some cyber week predictions. So I think we touched on this in the green room.

Megan: The the holiday season is not Black Friday anymore. Between pandemic, e-commerce penetration and everything in between. Shoppers are buy. Gifts whenever they want, and and merchants are really catering to that. I think Amazon has two prime days now, or a special exclusive event coming up.

Megan: There’s already holiday sales at some of the major big box retailers. The the holiday shipping window and the holiday returns window has already started where there’s usually extended return windows so that people can buy gifts and then return them once they’ve been gifted and and not received kindly.

Megan: So there’s really a huge window of holiday shopping now. It’s not. Like that small peak that happens in that one week of Black Friday and Cyber Monday, and then again in that like Christmas and Hanukkah weeks. It’s really starting now and it’s going to continue until the shipping cutoffs occur in the end of December.

Megan: So we’ve got a long holiday season coming

Brent: up. Yeah, And it’d probably go all the way to July if Amazon takes us there. And then it’ll start again right after July. That’s when the pre-Christmas sales will start. Soon. You had mentioned in the greenroom as well about how you’ve extended, so traditionally Signifyd was that sort of right before the payment happens.

Brent: But now you’re extending it down the funnel even past into the delivery cycle. Tell. Where you see the biggest value for a merchant as you get through that. Let’s just say they, they, that is, it’s a client that, that makes it through or isn’t, It’s a valid client, but , it’s somebody that is trying to gain the system by saying something, I didn’t get something.

Brent: How does Signifyd help there?

Megan: Yeah. Item not received is a really interesting category. As Brent, I live in Brooklyn. I’ve had a couple packages stolen off my doorstep. It happens, there’s a, a couple of my friends happens to it too. But there’s also those merchants or those customers that, they say that they didn’t receive a product when they did.

Megan: So that becomes an item not received claim. There’s a couple ways that merchants, if they’re handling this on their own, they can deal with. You might have seen some of the backlash of some of these come up before. For example, on Amazon, if you claim too many items, so it’s not received in a six month window then you’ll start getting a flag of you must provide proof or, like you can’t return any items for the next like couple months.

Megan: Things like that. You can’t make this claim anymore. So there’s that volume approach, right? If it’s the, if then approach of binary rules, if someone returns X amount of items and y months reject. We all know that any binary system is just right for fraud. It’s very simple. If someone can figure out, Oh, I can return four items but not five, or I can return.

Megan: $200, but not 201. Then they’re going to push right up to the boundaries, create another account, anything like that. So there’s always a way to get around those binary rules. You’re also, if you’re managing things on your own, you’re risking an insult rate. And I will tell you there are. Vengeful customers that will let you know if you’ve wronged them.

Megan: We’ve seen them all online, if it, And it’s a terrible customer experience, right? So if I ordered something I was really excited about I get the notification while I’m out at work that, a package arrived at my door and then I go home and that package isn’t there.

Megan: You, you first have that sinking feeling and then, Text your neighbors. You ask if anyone else picked it up or saw it. You wait another day and see if the the shipping thing was just wrong and they hadn’t gotten there yet. And then you ultimately contact the company and say, Hey, I never received my product.

Megan: If they come back to you and say, Hi, we think you’re lying and you’re not getting your product or your money going to raise hell and high water. All over anywhere you can post a review or rating online. There’s a lot of places to do that. So you risk really insulting those good customers because that might also be a really high value customer.

Megan: It can be someone that’s shopping with you guys once a month that is going to go to your competitor and never go back again and actively discourage people from shopping on that site. So what signify does is, first and foremost, if you have our INR coverage, we reimburse our merchants. We say, We got it.

Megan: Don’t worry about it. That’s ours now. So our customers are taken care of immediately. We now also have an internal chargeback recovery team. So they will go and they will investigate that claim. They’ll investigate all claims that they think that there is a reason to look into and will go all the way through the entire process and order flow to figure out if that product actually did get to the intended recipient.

Megan: We’ve had some very funny ways that we found people and we actually now have made that into another series called Crime and Cocktails where every couple months we sit down in a webinar setting and we talk about some of the some of the fraud that we’ve seen in the industry where we actually catch some people that are claiming that they never receive their.

Megan: $5,000 Rolex, but they’re wearing it in their picture, on their Facebook profile. Or where someone says that they never got their above ground pool, but we find it on Google Maps. So we actually get to cover what really goes into some of these fraud attempts and how our teams are able to, trace back the entire supply chain to really find if these are legitimate customers.

Brent: Yeah. That takes a lot of tpa to claim a lost pool, but then set up the pool in your yard. My, I still love that one. . Yeah. My experience recently has been, I received a package from Amazon that was empty and it was also. Point zero one ounces, . So it clearly got through everything. And then Anne got the weight onto shipping and they shipped it.

Brent: It was just a, it was an envelope, but it was supposed to have some clothes in it, huh? And zero weight as well. I didn’t even have to argue with Amazon. They just sent me the new item. But I suppose as a consumer, if you get an, and it was a, one of those envelopes from Amazon that had the, and it wasn’t even sealed yet, so somehow nobody put the thing in it.

Brent: They just sent it to shipping, ran through their UPS thing, and then off to ship. But it’s not, I suppose too, as a consumer, you, if for whatever reason you get the couple of those in a row, you want to make sure. Back yourself up with your ring and all this other fun stuff. You. So I think you mentioned returns.

Brent: How do you go farther besides just the lost packages? Do you go into returns as well?

Megan: Yeah, and that’s actually, I’m glad you brought that up. That’s probably what I consider the most exciting opportunity space is especially going into the holiday season this year. We all know that e-commerce returns happen, but we all pretend like they don’t

Megan: And the really, the biggest bummer of it all is that it’s a much higher rate than in-store returns. Take fashion as a category in-store returns average around 10% of retail sales. eCommerce averages around 30%. And that’s really hard. Especially right now, we’re not in the best spot in the there’s an economic downturn.

Megan: We’re all aware of it. People are still buying, people are still shopping. When you’re really counting on sales and business and 30% of that is coming back in the door. That’s a big hit because that’s merchandise that was off the floor that couldn’t be sold. That’s also merchandise that gets damaged.

Megan: In return, about 25% of returned merchandise goes straight to a landfill. And, that’s just devastating both for the environment and for a retailer’s bottom line. And then seasonal items get marked down. Okay, return that fake Christmas tree, but you can’t sell that again until next year.

Megan: So now you’re sitting. Dead inventory and there’s a lot of companies that are popping up to really start solving returns. It’s making me really happy. Signifyd is partnering with a couple of those to be displayed soon. But what we’re also doing, and the reason that we’re really showing up in that space is actually in terms of, the consumer experience.

Megan: Returns is a one size fit all approach right now, and it’s probably the last thing in the customer journey that applies that. We have loyalty programs that incentivize good customers. We have tailored experiences so that if you have a certain IP address, then you land on a different website version on a homepage than someone else.

Megan: But why are we all doing the same thing when it comes to returns? It’s this blanket return policy of. 30 days or free shipping or something like that. When in reality our good customers should have the benefits of good returns and our abusive customers shouldn’t be able to return things at all.

Megan: Because you know that’s not a customer that you really want shopping on your site. It doesn’t matter if they spend a thousand dollars. If they return that a thousand dollars and end up costing you $300 along the way, that’s not a good customer. So what signify does now is we have a returns abuse api.

Megan: So what that allows us to do is actually take control. That customer return journey if they go on that. So say you put us in place right now. Holiday season has started. We’re getting all these orders in. Again the benefit of signify that’s. That powers everything is our commerce network. We work with so many brands around the world that we’re able to see 98% of online consumers.

Megan: So if you’ve shopped online you’ve probably shopped at a Signifyd store, which means that we know you. And that can be really good because if you’re a good customer and we’re using a merchant that’s going to say, Okay, we’re gonna prioritize our VIPs. Has a rewards account with us.

Megan: Anyone that’s been a customer for more than three years, you can set all of these rules yourself and say, Megan’s a good customer. She spends over a thousand dollars a year with us. If she initiates a return, immediately refund the money to her account before she even returns the product. Send a prepaid shipping label so that make it really easy on her to send that out.

Megan: Ask if she needs a box or. A mailer or an envelope and send that as well and, make that friction point that’s happening. Cuz no one wants a re I don’t wanna return a product. I didn’t buy it to give it back. But make that friction point something that’s really exciting for your customer.

Megan: Wow, that was incredibly easy. I’m going to buy from here because if something goes wrong, I know they have. So treat your good customers really well. And then, over here, Brent, you’re just returning everything you buy. You’re just, buying it to use it once and then put it back in the box and who cares if it’s broken?

Megan: You’ll just say it arrived that way and then shipping it right back. For customers that are doing, abusive behavior with your products, you can limit them. You can make their order final sale. You can, make it that they have to pay for return shipping. And they don’t get their refund until the item has been inspected back in the warehouse.

Megan: And then everyone else somewhere in between. So what we can really do with actually taking control of returns and looking at different customers, setting these different policies can ultimately create a really strong customer experience for your best customers and can shut out those serial abusers and just get them off of your site.

Brent: Yeah, and to be fair, it’s only because people keep buying me hair care products, but I keep returning them for gifts. It’s not that I’m trying to do it, it’s just that I can’t use it for anything. I guess I could re-gift it. That’s a good idea. You could re-gift it. . We have a couple, we have a little bit of time left and I got thinking that that, let’s put this episode live on Black Friday.

Brent: So let’s just say somebody is sitting there on Black the day after Thanksgiving still sort of stuff, Turkey, and they’re like, Oh, I’m gonna listen to a podcast. Oh, there’s a new episode out. What do you think that, And they’re gonna be shopping as a, as a. It’s too late to do something then. But as a as a shopper, is there ways to figure out, I don’t know how to say with that.

Brent: Is there is there trusted brands that you know that are gonna be a good brand to go to? Or is it is it just the typical trust that you have from a merchant or for the merchant and then as a merchant, this is a better question. As the merchant, before we get to Christmas, is it too late to add Signifyd?

Brent: I.

Megan: Not at all. If you’re a merchant that’s already using Signifyd you can effectively turn on something like our returns of use API or add in any of these additional layers of protection. If you’re not already using Signifyd any major e-commerce platform we’re already pre-built into.

Megan: Adobe Commerce, Shopify Plus Salesforce Big Commerce. Neva, NetSuite, V tags all the good guys. And then, if we don’t have something built, we have we have APIs that connect in to everybody. If you’re working with an amazing agency like Magento they can get you set up and running and really quickly and, just start protecting your orders.

Megan: Start, especially when it comes to these big swings and volume. You don’t have the manpower to be manually reviewing all these fringe cases, especially when it’s 100, 200% the regular daily volume. Having a product like this in place, it’s quick to put in. And it’s quite effective, I would say, especially for the holidays.

Brent: Yeah. I always like to tell the story that we started in Mexico selling e-commerce in 2014 and one of our first clients had a call center that they literally called every client that put an order in cuz they were worried it could be a fraud client. . So they had, 20 or 30 people in a big room that would just make phone calls all day to confirm.

Brent: So that’s a lot of manpower. Yeah. From a volume standpoint, how much that, let’s think how much you can help something like Signifyd and help. And it’s almost at this point, it’s a necessity, isn’t it? Because if you think about the cost to the cost of returns and the cost of fraud and all those things that are around that this is something that is not just an insurance and doing that, but it’s also, I think you had mentioned a couple times just improving the customer journey.

Brent: Yeah. And improving the experience of the customer. And then for, from the merchant side, knowing that the customers are good is always a better way to do

Megan: business. Yeah. There’s a lot more trust in the entire transaction. And you’re right, it is essential because especially right now oh, a lot of companies are having a hard time and have big numbers to hit.

Megan: There’s, you can’t afford to turn down your best customers, so if someone’s hitting the buy button, that’s the highest intent they can really show you. And we can’t afford to turn away four or 5% of those customers because of the fear of fraud. So that’s ultimately how I always see it, is, let those good customers through and, Let them through that first time and they’ll come back, especially if they have a good experience end to end.

Brent: All right. A couple minutes left here. Megan’s prediction on the holidays what do you think we’re gonna be

Megan: doing? All right, so we’ve. Thing. So going back to those three categories, this is what what the amazing team had Signifyd. I had nothing to do with these numbers, but we have an incredible data team.

Megan: So they were really able to pull some of these insights based on what we’ve been seeing over the past, oh gosh, 24 months of eCommerce trends. Our first prediction is that cyber week growth is going to increase by 5% year over year. So we think there’s still gonna be a lot of volume, but we don’t think it’s all going to come from cyber week.

Megan: We’re predicting an 8% increase in November and December is total rise in terms of that product volume. We’ve been seeing people buying more recently, which is, it’s still haven’t figured things out in terms of the economy. I’m not even going to pretend to try, but we’re predicting an 8% change in volume of products sold in cyber week and a 5% overall volume in November and December.

Megan: We think people are still just buying more, but ultimately that cyber week, we think it’s gonna be down from last year. We think there’ll. 19% of holiday sales versus 21% of holiday sales last year. So people are spreading out their purchases, they’re starting earlier, they’re shopping later.

Megan: As more companies adopt better transition, better solutions they’re able to extend their shipping windows because, they’re not doing that manual review in house anymore, they’re able to actually approve and process orders faster. So they’re able to accept orders longer into the holiday season.

Megan: Yeah, we think it’s a wider range. People are buying earlier, they’re planning ahead. But there’s still going to be a lot of consolidation in Black Friday, Cyber Monday.

Brent: Yeah. And I think overall I was at the econ forum here in Minneapolis a couple weeks ago, and they gave out some numbers that said, E even though it seems like we’re going into a downturn, We’re coming off of such a hot cycle through the pandemic.

Brent: Everybody had to order online. Yeah, that online is still gonna grow even next year. It’s gonna grow 20% over the year before. It won’t grow 50 or whatever that number was. Maybe it was 10%. Anyways, it’s gonna be a good healthy growth in online no matter what over the year. And so people are still shifting from retail to.

Brent: Online, maybe not even, Or even buying more in the future. Yeah. And that as a merchant, you need to always pay attention to where your customers are buying from and where they’re gonna buy more from. Yes. So that cycle and reducing some of that friction in the. And the checkout and making sure that it’s a quality customer is such a important part of things.

Megan: Yeah. It’s really important. And those customers show up everywhere. They’re showing up online and then they’re returning in store, or they’re window shopping online, and then they’re making a final decision. It’s really important to meet that customer where they are, treat them the same.

Megan: Everywhere that you find them and make sure that they have the best experience with your brand.

Brent: Megan, as they close out the podcast, I get everybody a chance to do a shameless plug. , what would you like to plug today?

Megan: Oh gosh. Am I not plugged enough? I feel like it’s been most of us .

Brent: You can plug anything you want.

Brent: You could plug your climbing. Should I plug rock climbing?

Megan: Oh my, yes. Yeah. Anything you want. No, I would absolutely love to plug the incredible marketing team here because all these insights, all these analytics, all this data it’s, all of my partners know this. It’s something I talk about far too much, but, we have a incredible team of really talented and really thoughtful marketing folks that have really enabled Signifyd partnerships continuously.

Megan: We’re able to create really incredible content. It’s actually thought provoking. I hate how many times I even said pandemic in this presentation. They’re really able to bring this information to the table in a way that’s digestible, easy to use and easy to explain. That’s that’s my plug is when you have a great marketing team, let the entire world know

Brent: As, so we’re gonna close out now, but since it is Black Friday today, and we don’t know if I’m actually gonna get it done by it, but it’s gonna, we’re gonna assume that I have it done already and it is Black Friday. What should I go out or What are you gonna go by on Friday? Black Friday and I’m gonna be in the air, so I won’t be able to buy anything.

Brent: What are you gonna buy on Black Friday?

Megan: What am I gonna buy on Black Friday? You’re gonna laugh at me, but I really want a nice two person tent because I only have a one person tent right now and it’s very tiny.

Brent: Is your two person tent, the kind that sits on the side of a rock face?

Megan: No, but I hang, give you a little education that is called a portal ledge.

Megan: Oh, Portal ledge. Like a portable ledge. Yeah. Very cool. So now you’ve got a cool little lingo term for next time you’re out rock climbing or summiting, lcap .

Brent: Absolutely. Okay. If you don’t get your 2% in, then for the holidays, you’ll want one for a gift.

Megan: Yes. Any, anyone that’s listening that wants to send me a tent, I’m sure you can just provide my information in the comments, . All right,

Brent: perfect. Megan Bick is the head of Global Agency Partnerships With Signifyd. Thank you so much for being here today.

Megan: Thanks for your time, Fred. Always great to see you.

Brent: All right.

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OneStepCheckout is not a traditional Magento module provider with a lot of extensions. Our checkout module is our core business. We work exclusively with checkout and conversions to always bring you the best possible checkout product. We are all about reducing customer abandonment and increasing customer conversions.

Show notes

  1. Page speed deck by John Hughes:  tiny.cc/irx-page-speed
  2. Forbes Finance Council Article: https://blog.onestepcheckout.com/2022/10/ecommerce-tips-holiday-recession-economic-downturn/
  3. Optty (Buy Now Pay Later Aggregator): https://www.optty.com/
  4. Hyva: https://blog.onestepcheckout.com/category/hyva/
  5. Wyomind Shipping Extension: https://blog.onestepcheckout.com/2022/08/insights-why-click-collect-further-boosts-checkout-conversion-bopis-in-store-pickup/
  6. OneStepCheckout Seamless Registration Feature: https://blog.onestepcheckout.com/2021/10/onestepcheckout-for-magento-2-registration-account-creation-modes/

Transcript

Brent: Welcome to this Spoony holiday edition of Talk Commerce. Today I have Thien-Lan Weber from One Step Checkout and she has done a much better job of her costume and background than I have Thien-Lan. Why don’t you go ahead, introduce yourself, tell us what your day to day role is and one of your passions in life.

Thien-Lan: Hello, I’m Thien-Lan Weber. I work for OneStepCheckOut. So I guess most people know me otherwise. One step checkout is the main Magento extension to reduce for Magento one and Magen two. My passion in life, it’s eCommerce and drumming. I also like dress. And appearing on podcasts. 

Brent: Excellent, thank you.

Brent: And so today before we get into our regular content, I’m gonna tell you a joke and then you are going to tell me if that joke should be free or if we could charge for it. Ready? You ready, ? Okay. I found out my girlfriend is really a ghost. I had my suspicions the moment she walked through the door.

Thien-Lan: It’ll be free. 

Brent: Good. All right, Telan. I know today is Halloween, so I dressed up in my doctor who Christmas sweater, which I have my holidays completely mixed. And you are very well appointed in a a scary outfit with a span stuck in your head and you even have a great background. I appreciate that.

Brent: But we, let’s talk about the scary state of the economy and things coming. And then I think, let’s put it into context of what merchants can be doing to make sure that they’re getting everything they can out of their website. . Exactly. 

Thien-Lan: Yeah. So yeah, not very funny. The current state of the economy is pretty gloomy.

Thien-Lan: We actually, I noticed that in New York when I went for McLin to New York, it was not as vibrant as 2018 and 2019 when I went and even the locals like Eric, and. Laura was telling, wa was saying that, A bit more dangerous. Lots of homeless people in the street. And I guess here in Europe we hear all the news about inflation war in Ukraine and yeah.

Thien-Lan: Worldwide inflation is around 8.2%. For the last 12 months in the US it’s yeah, around 8%. In Europe it’s around 10%, but with big discrepancies between countries like France, where I live, which is like 6%, and countries where Anton I imagine to expert lives in Estonia where it’s like 25%.

Thien-Lan: So yeah pretty. 

Brent: Yeah. And so I know that there are ways in which merchants can help. And one step checkout is at the end of the funnel, let’s say at the checkout process. And I, you mentioned that you had done a article with Forbes about some points in which merchants can look or work through the checkout process.

Brent: Why don’t you explain a little bit about what that was? 

Thien-Lan: Yep. We partner up with nata, who is a for finance council member to talk about this context and what eCommerce merchants can do as quick wins to get more sales this holidays. So it’s all about getting. Market share because consumers will have less spending power.

Thien-Lan: So the competition will be really fierce among all the brands. And you need to offer an experience that really appeals from the moment that people like even before people learn on your website up to the end of your online sales funnel. So today, I’m happy to share with you those four. and and they should be a lot, most of them should be implementable before this holiday season.

Thien-Lan: So that’s the good news. 

Brent: All right, so let’s just tell let’s tell us the four points and then let’s go into detail on each one of them. Yep. 

Thien-Lan: So the first point is to have a fast. Sorry. A fast website good performing websites. Consumers who go to your website, if they, it’s loading in more than two seconds, they’re going to leave and go to another website.

Thien-Lan: So performance is key here and throughout the whole browsing experience, you need to make sure that it loads fast enough so that people don’t leave and find items that they want, gift ideas, and put them into. So that would be by using themes like Hova, for example, on two, that makes the whole experience much faster and even helps you score rank higher in the search results so as to capture more traffic.

Thien-Lan: So that’s number one. 

Brent: Number two, Okay, so I, Yep, go ahead. No, go for it. Number two 

Thien-Lan: is around shipping. So with C we saw that by online pickup, in store, or click and collect is very popular. And sales going through those channels are going faster than eCommerce itself. So given that most of most of the time those shipping methods are more cost efficient, it costs nothing for the retailer to just have people come and pick it up.

Thien-Lan: It’s going to be very useful for consumers who can’t afford those extra five, $10 for shipping. So that was number two offer. More flexible shipping methods, including cost effective ones. Third one is offering flexible payment methods. And for the last couple of years, by now, pay later has been very popular as well because they allow consumers to pay, let’s say, in sport installments every fortnight, but without paying any.

Thien-Lan: So that helps when the budget is very strained to break it down into a longer period so you get your paycheck and you don’t pay anything on top of that. So offering payment methods that consumers like need for the holiday seasons is a big factor for to drive. And last but not least, having a good checkout that removes all friction from the checkout experience and allows consumers to place their order without forcing them to create an account or look for two coupon code that you might not have, or filling a lot of fields that will allow you to convert all that traffic.

Thien-Lan: And your efforts along the online sales funnel into an actual order. 

Brent: So three out of the four are at the end of the funnel, which is probably pretty common that once they get through, number one, if it’s fast enough, they’re gonna, they’re gonna wanna buy something. What if you start at the top of the funnel with.

Brent: The Google has changed its its algorithms to now put more weight on the speed of your site. And if, let’s just say so one step checkout supports more than just Magento, right? There, there are other platforms that you’re supporting. 

Thien-Lan: So for Dar, we are looking at supporting Que, but the priority is to support Magento two and Which makes Magento two much faster.

Thien-Lan: And is adding the sexy back into Magento, 

Brent: adding the sexy back in, is that what you said? Yep. That’s good. . Okay. So having that sub two second load time, which in the past first Magento especially, has been unheard of. So some of the tools I guess people could use to help with that would just be Google Lighthouse and Google Page speed insights.

Thien-Lan: Exactly. Another resource that I found very useful and entertaining was a deck of slides by John Hughes from ue it was a hundred slides, but very funny ones about page speed, why, what you can do, and all the tips. We can add the links to the notes of this podcast. But this is a fantastic

Brent: Perfect. Yeah, and I will add the, I will add that to all the show notes. Alright, so let’s move on to shipping. So I think in the US anyways, shipping free shipping is the thing and Amazon is really driving that. Do you recommend that merchants do free shipping? 

Thien-Lan: So that’s a strategic decision based on your cost goods sold, your pricing, your competitors.

Thien-Lan: So I can’t. You have to offer free shipping or you have to include shipping in your item price. I think depending on categories and consumers there might be different strategies that was better for you. But yeah, consumers one of the key reasons for carbon environment is when consumers see extra cost at the end of checkouts, so that often happens.

Thien-Lan: when checkout is on two pages with the first page with the item price, and then the second page with tax shipping all additional costs. So that’s a big driver. Either you state up upfront how much your shipping is going to be, or you put a threshold of. When shipping becomes free, and that works quite well to get consumers to pile up their cart and reach that threshold.

Thien-Lan: That makes sense for you financially. But yeah the most important is to be very up upfront and not have any surprises. When shoppers go to the end of checkout and see the final cost they have to pay. 

Brent: Yeah, and I can say from experience that I have dropped out of the cart many times when I get to the end and suddenly shipping is a quarter of the cost of the entire order.

Brent: And I automatically go to Amazon then because A, I know that the ship, there’s no shipping. And then b, I also know that it’s gonna come in two days. The other, I think the other good strategy in terms of shipping, and I do agree that showing shipping up front is such an important thing to do. If you were to have a threshold of, say if you spend 50 euros or $50 and then you get free shipping, I think that’s something that I, that appeals to me and it also gets me to spend a little bit more money.

Brent: So if you’re at $49, you search like crazy on what does that $2 item I could get to get my free shipping maybe talk 

Thien-Lan: a little bit about, Does that I do the thing I haven’t looked for. The product that is the same as shipping. If shipping is $10, I’d be like, Oh, I get that $10 items. I can have it for free.

Brent: Yeah, absolutely. And if merchants are very clever, they would also do maybe a little scale that says Here’s how close you are to get to free shipping. And if you just add this one more thing. And if they’re very clever, they would add some extremely high high profit items. As incentives to get over that shipping amount.

Brent: So say you’re at $9 and they have something that they charge $9 for, but they pay a dollar for it. Hey, buy this item and you’ll get over your free shipping. There’s so many tactics that merchants could use if they start thinking about the behavior of consumers. And as a merchant too, I think you should be looking at what your competitors are doing and trying to make sure that you’re not missing out on something like that.

Brent: So for example, if your competitor is just offering free shipping, but their every item is a little bit more expensive there’s a reason for it. I think we’ve seen that on Amazon. Sometimes those really cheap things are more expensive cuz there’s free shipping and I you mentioned that earlier.

Brent: About the free shipping part of it. The other one the second one or the third one you mentioned was flexible payments, and you mentioned buy now, pay later. Talk a little bit about that. 

Thien-Lan: Yes I’ve been following the Buy now pay later trend for two, three years now. And it all started in Australia and today there are more probably a dozen brands who offer Buy Now pay.

Thien-Lan: the most popular in the US would be a firm and in Europe might be clown. And the whole objective what I find very interesting is that it’s a win-win for consumers and for merchants. The merchants pay a little bit more with our in terms of fees, but consumers get to pay. To slice their payments over six weeks and sometimes more without pay, paying in any interest.

Thien-Lan: So it’s, great for them especially when they are they don’t have much budget and and it. Showed to drive a lot more conversion. And also a lot of those brands, they have their own app. They have their own consumer database, so they give exposure to their own merchants through their apps.

Thien-Lan: So let’s say on the Klan apps, you will say you will have or buy from ex brands, and then consumers will go directly from the cla up to that. Instead of going through Instagram ads or, Google search. 

Brent: Yeah. And I think the other thing would be to make sure that they’re at least saving the token for the credit card to check out.

Brent: So second time around, you don’t have to enter all that information. Talk a little bit about that friction that happens in shipping and payment in your check. 

Thien-Lan: Yeah so yeah, as I said, the number one reason for car abandonment is high shipping costs. So that’s why it makes sense to offer various options and buy, install to buy online pickup in store.

Thien-Lan: Is a interesting one. And yeah, we’ve partnered with French Magento extension provider called Why Your Mind That does very good quality extensions to allow that and add all these options. So the, this is The more payment and shipping options you offer, the less friction you get because consumers want certain options and if you don’t have them, they will go elsewhere.

Thien-Lan: So for shipping, that’s a great one. And for payments, either, they, one of the reason why they leave a website is also when they don’t trust the website. They have never heard of that band before, that the item is interesting and they don’t want to leave their credit card. So in that case, they would rather, for example, use paper.

Thien-Lan: And so it’s a good one to offer as well. 

Brent: Just going back to the shipping I spoke with somebody earlier who said that they clicked on an Instagram ad and they were they needed something for a holiday. I don’t remember the holiday, but they needed it by a specific date and they said the shipping would be three to five days.

Brent: Their date was two weeks out, so there was plenty of time the two weeks came and went and there that nothing was ever shipped. Talk about the importance of maybe some reviews and having that knowledge that, hey, that item is actually gonna get there on time. Because I think sometimes people also wanna know that I’m gonna buy this and I need this, and if I don’t get it in this amount of time, I’m gonna go somewhere else.

Thien-Lan: Yep. So I guess there are two things here. One is setting expectations. So having the right information, the accurate information about when the item is going to arrive at your place is important. The other day I went to a local merchant and they have their own calculation and algorithm saying, Oh, for shipping it might be three, four.

Thien-Lan: But then they don’t re, it’s not accurate. It doesn’t really talk to the carrier. So it’s not, that trustworthy. So if you can, have the right timing and specify information about. When the order is going to be processed, when is going to be packed, when is it’s going to be shipped, and based on how far the consumer is, how long it’s going to take to be shipped, that would be the best.

Thien-Lan: But yeah, otherwise it is better to, overestimate the shipping time, then underestimate and then disappoint. 

Brent: All right. So let’s get then to the, Oh we’ve talked a lot about frictions. Tell us about how, maybe, how one a checkout can help reduce that friction with the client at checkout.

Thien-Lan: Yep. After shipping cost being the number one reason for car and the number, the second one is forcing consumers to create an account. So how many times have you been to a website where, Click on cards I want to pay. And then you have that page that says, Log in, I’ll create an account. And you can’t do anything.

Thien-Lan: You can’t, pay, you can’t get your item. And 25% of consumers leave at that point. So we, OneStepCheckOut we’ve been addressing that. Thanks to feedback from a lot of our merchants and clients, and what we do is we allow to create an account by simply using all the information that anyone would answer when they fill out their shipping details.

Thien-Lan: So email, first name, last name, address, and the only thing you need to add it is a small tick box where consumers can enter their passwords twice and that creates an account. So we call it seamless account registration, and it replaces that, account creation wall that is making, 25% of people leave.

Brent: Do you find at that stage some people forget that they have an account and they fill out all that information. How do you get around the idea? , they go through that, they forgot that they created an account and then they click and then it comes back and says, You already have an account.

Brent: Please enter your password. And then they’ve forgotten their password and by the time they get around to finding it, they’ve left because they forgot they were even what they were ordering. Yeah, 

Thien-Lan: that happens quite a lot. So yeah. I think we also allow people to check out as. And then have the account reconciliation later after.

Thien-Lan: I have to get back to you on that. But I think that would be the sensible thing to do because you absolutely don’t want people to be stopped at that point when they’re ready. To give you money and to pay for that item. 

Brent: Talk a little bit about the idea of one step checkout. What, like the reason why it’s called One Step?

Brent: I think that’s obvious, but a lot of people don’t think through all the different steps that they have to go at checkout. 

Thien-Lan: So it all started with Magento one, and back then checkout was six steps. So it made a massive difference to have all those steps into just one. Above the fold with one single button that says Order now.

Thien-Lan: So you can fill out all your fields and not click any next button, just one big button order now. 

Brent: So it’s making sure that there’s almost nothing you have to do make sure you complete checkout. How about making sure that users The right address and things like that. I’m assuming, integrates with other plat or other services that help find the right address.

Brent: Yeah, go ahead. 

Thien-Lan: The key advantage of our product is that we integrate with. 90% of the third party extensions that are out there. So address validation, that works really well. Tax calculation shipping estimates, any shipping extension hundreds of payment extensions. So whatever you need, you can integrate it with one step checkout.

Brent: All right. I wanna switch directions just slightly. Okay. Are you seeing the same amount of people on Magento two using your services, or do you feel like it’s declining right now? 

Thien-Lan: So with Magento two, we could see that it’s on the other side of the product maturity curve. The number of install.

Thien-Lan: And the number of orders for Agen two has been slowing down. But as I said, with Hova, it’s been picking back up, so that’s why I’m saying it’s bringing sexy back. And so a lot of, I would say, yeah, big proportion of new orders from west of checkout, from gen two are driven by hiva things. . 

Brent: So you would, you could say that HAFA is changing.

Brent: HOA is ch is saving Magento from the dorans, from the tomb. 

Thien-Lan: Let’s say that . 

Brent: Absolutely. So if you have something that we started off with spooky and scary. What would be the biggest thing you could tell a merchant that they should think about for. website and for their checkout process, 

Thien-Lan: I would say yeah, performance is key.

Thien-Lan: So today people don’t want to wait. Most people would buy their holidays, gifts on mobile, so it has to be mobile friendly. Loading really fast, allowing them to browse and or even, guiding them into what would be the most interesting, the best selling products because people are also looking for inspiration and then removing friction all the way through to check out and let them place their order without asking them for too many questions or asking them to do too many things.

Thien-Lan: So a lot of a lot of that friction is also in the order. Subscribe to our newsletter, get $5 off. Remember this, do this, do that. And you’re like, Go away. Go away. I want my product. And then someone calls you, you do something else, and then you go to another website 

Brent: to shop. Yeah, that’s, that’s a great point.

Brent: I do, I’ve had quite a few guests that say, Love you learn to love the popup, but make sure you don’t have the popup in checkout. Because it I agree. It’s so annoying when you’re typing in. All of a sudden you get the popup and says, that, says, Enter your email address and subscribe to our newsletter when you could have a checkbox in your checkout that says, I’m, I’d like to subscribe your newsletter , because you’re putting your email address anyways.

Brent: Exactly. Yeah, that’s a really great point. Popups popups, especially on mobile. I think the other thing is that merchants still are thinking desktop first, and we’ve talked about performance and we’ve talked about friction in the checkout. Friction in the checkout is even more when you’re on mobile because it’s so much smaller.

Brent: So having that easy to use navigation is so important. Do you have any words of advice for people to. Enter as little as possible for the checkout. For mobile, You mean for consumers? No. For a merchant. Is there anything that they can do to reduce the amount of things like you, You said that having options for shipping, but I think.

Brent: At some point, if you have so many options, that’s too many options to show on your mobile phone. Is it recommended that you have as little options or making sure that they don’t have a lot of opt or even that’s where the free shipping would come in, where they don’t even have to choose shipping because it’s free.

Brent: Anything that, and that helps merchants check out on mobile quicker. 

Thien-Lan: Yeah, that’s that’s an interesting point and I’ve seen it with. A lamp company. So they are the biggest in Europe. They have lamp.de eliminations.co, uk, lamp.fr, and 13 lamp sites across Europe. And for all their websites they have, they almost removed the shipping method.

Thien-Lan: Section because they have one carrier, one shipping cost, and you don’t have to choose. So that makes the whole checkout form much shorter and it’s quicker. People don’t have to wonder, Oh, what do I want? It just tells you what you’re going to have and that’s it. 

Brent: So you’d say they’re helping us shed new light on the checkout process?

Thien-Lan: Yep. They help. Yep. They help simplify the whole thing and I guess they’ve seen that consumers are happy with that. So why give the choice when you know it’s the best options for you as a merchant and consumers are happy? 

Brent: Excellent. Telan we are running outta time. And as a bonus on the episode I do want to do another free.

Brent: Because it’s Halloween and I have a Halloween joke for you. And then we’re gonna go into our shameless plug. But before we get there, I do have a special Halloween segment joke for you today. So again, this one is free or paid. Are you ready? Ready. Why did the policeman ticket the ghost on Halloween?

Brent: It didn’t have a haunting license.

Thien-Lan: paid with 

subscription . 

Brent: Excellent. Good. All right. Yeah. Tn Lan, Thank you so much. As I close out every episode, I give our guests a chance to do a shameless plug about anything you’d like. What would you like to plug today? 

Thien-Lan: The only thing I didn’t mention was that Natasha Sonoma from the Forbes.

Thien-Lan: Council is the CEO of Optt, O P W T Y, and that’s innovative platform that allows you to acquire and manage all your, by now, pay later brands all in one space. So that’s really cool because depending on your. Not all the favorite brands are the same. And if you operate in lots of different countries, you can acquire them all at once, and then in the panel you can see who is performing better and you can dial up that down based on your storefronts.

Thien-Lan: So that really helps consumers have the preferred payment methods. And in terms of integration, that helps all the hustle. talking to each of the brands, integrating them into your two checkout, and then seeing which one works for you. Yeah, excellent. For one, it’s not a plug for one step checkout, but for Opti, and that is compatible with one Step out as well.

Thien-Lan: So it’s like a Lego blog. You have one to click out, you plug Opti and from Opti you can have access to 60 by no pay later. . 

Brent: Very cool. Thank you so much. And I will put all these in the show notes and I will try to get this episode live as soon as possible so we are not so far away. Ka TA’s Halloween and it won’t go live today, I’m afraid, but we should have done a live stream.

Brent: That would’ve been a good idea. Yeah. Anyways thank you so much for being here today. 10. Who also helps on the Magento Association. I appreciate all your work and she’s now showing us a nice sticker for one step checkout. I would encourage everybody to go there for their Magento two sites, and I would encourage everybody to use hfa.

Brent: Our newest HofA is our newest sponsor for Talk Calm. So you’re excited about 

Thien-Lan: that as well. There you go. I wasn’t even paid to talk about them. , 

Brent: thank you so much. Have a great. . 

Thien-Lan: Thank you. Bye.

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