Episode 1

full
Published on:

8th Nov 2024

Crush Black Friday & Cyber Monday: Proven Ecomm Strategies for Explosive Sales!

Introduction (3 mins)

  • Marina introduces the episode, participants, and the topic.
  • Brief mention of Golden Digital’s specialization in Ecommerce strategy, email marketing, paid media, and website optimization.
  • Quick overview of why Black Friday/Cyber Monday (BFCM) is crucial for Ecommerce.

Segment 1: BFCM Preparation Strategies (7 mins)

  • Marina: Discuss how to prepare from a strategic viewpoint:
  • Importance of setting realistic goals and tracking KPIs.
  • Aligning product offerings with market trends and optimizing inventory.
  • Importance of website readiness (speed, mobile optimization, etc.).

Segment 2: Email Marketing Best Practices for BFCM (10 mins)

  • Nicole: Dive into email strategies to maximize conversions:
  • Pre-BFCM campaigns: building anticipation with teaser messaging and growing your audience prior to Black Friday .
  • Gain new subscribers by updating messaging to include early access to black friday promos 
  • Strategically time and execute a win back campaign to lapsed subscribers, moving them back into the funnel prior to Black Friday 
  • Make sure you’re compliant with any sending requirements way before Black Friday to ensure your emails are being sent to the inbox. 
  • Best practices for crafting compelling BFCM email messages (urgency, offers, subject lines).
  • Drive urgency through subject lines to maximize open rates “ends tonight”, “final hours” 
  • Be brief - keep it short, consumers have a ton of emails in the inbox at this time, be direct and compelling in as few words as possible in your subject lines and preheaders. 
  • Use your preheader text for secondary offers like free shipping or free gift , subject line should showcase discount amount 
  • Keep the emails short as well, this is not the time for long form emails, focus on “above the fold” and how to entice that click on first glance. 
  • Bold graphic hero images 
  • Keep the discount amount at the top and in the subject line 
  • Black Friday / Cyber Monday landing pages 
  • Make them shopable 
  • Showcase discount 
  • Post-sale follow-up emails to nurture relationships and generate loyalty.
  • Plan product and messaging accordingly post Black Friday to give yourself the best messaging opportunities: 
  • Drop an exciting new product between cyber Monday and Christmas cut off 
  • Focus on brand building opportunities like a give back campaign 
  • Update welcome series prior to Black Friday to position yourself in the best way possible to prepare for new subscribers: 
  • New product drops 
  • Latest brand news
  • Compelling offer post Black Friday 

Segment 3: Paid Media Strategies for BFCM (10 mins)

  • Devin: Focus on paid media tactics:
  • 5 important time periods:
  • Post election (Nov. 8th) - start promos
  • Black Friday - best offer
  • Cyber Monday - second best offer
  • Xmas shipping cutoff
  • Post shipping cutoff - sale on sale to move off of old inventory
  • Coordinated marketing plan
  • CPMs are more expensive in election year run up to November, so create a cohesive strategy with organic channels
  • Ads should be synchronized with email, organic social, and on-site experience
  • Ad creative - Creative messaging for BFCM ads and what works best to drive conversions.
  • Leave evergreen ads running in tandem with BFCM focused ads 
  • Static ads typically work better than video ads for promos
  • Take a look at your best static and video ads, last 90 days and the last 180 days.
  • For videos make some animated or static banners that preferably move and are dynamic and place them on top of your winners. For statics, add stickers and banners highlighting the sale + offer.
  • Use promotion extensions in Google Ads, make sure promos are added to FB and IG shop
  • Budgeting
  • CPMs are at an annual high on BFCM
  • Spending in October and early November at a lower CPM + ROAS will prime the pump for a big BFCM

Segment 4: Website Optimization for Conversion (10 mins)

  • Marina & Nicole : Cover best practices for optimizing the website:
  • Ensuring your site is fast and mobile-friendly.
  • How to optimize checkout processes to reduce cart abandonment.
  • A/B testing landing pages, product pages, and CTAs for maximum conversion.
  • Highlight tools like heatmaps and analytics to monitor site performance.

Segment 5: Integrating Email, Paid Media, and Website for a Cohesive Strategy (5 mins)

  • Nicole, Devin, and Marina: Discuss how all components (email, paid media, and website optimization) should work together for a seamless BFCM strategy.
  • Example of how email lists can be used for paid ad targeting.
  • Ensuring consistency between ad creative, emails, and website landing pages.
  • Cross-channel remarketing to capture abandoned carts or users who haven’t purchased yet.

Segment 6: Real-Life BFCM Success Stories (5 mins)

  • All Participants: Share quick case studies or real-life examples of brands that successfully executed BFCM strategies.
  • What worked well and key takeaways.

Closing Remarks and Takeaways (5 mins)

  • Final thoughts on key strategies to remember for BFCM success.
  • Reminder of the importance of tracking data and continuously optimizing.
  • Call to action: encourage listeners to get in touch for help with BFCM strategy.
Transcript
Devin:

Hey everybody.

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Welcome to the inaugural episode of

the Good, Fast, or Cheap podcast.

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My name is Devin Kincannon, and

I'm here with my colleagues,

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Nicole Barber and Marina Shmilo.

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Today, we are going to be talking

about all things Black Friday,

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Cyber Monday, and just November

promotions for e commerce companies.

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We're bringing this to you from

our agency, Golden Digital.

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Marina: This is Golden Digital, we're an e

commerce agency specializing in e commerce

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strategy, email marketing, paid media

advertisement, and website optimization.

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Devin: So this is our first podcast.

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We're going to be doing

these on a regular basis.

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We hope that you like it.

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It's a little awkward right now.

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We promise this is the

worst it'll ever be.

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Uh, all that said, we're really

excited to talk about Black

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Friday, Cyber Monday strategies.

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And now let's get into it.

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Marina: So today's episode is

about Black Friday, Cyber Monday,

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the holidays are almost here.

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So we wanted to share some of

our knowledge and hopefully help

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Some of you, um, when it comes

to driving sales this season.

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So before we dive in a quick overview,

why Black Friday, Cyber Monday is

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so crucial for e commerce, Nicole, I

feel like this is totally your zone.

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Nicole: It is Black Friday.

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Cyber Monday is a very important time.

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Period.

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I mean, most sales usually for the

entire year are the vast majority come

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from the November, December time period.

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It's lead up to the holidays, obviously.

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And it's just a traditional

time for shopping.

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I think that that's definitely.

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Change over the last few years,

especially, whereas, you know,

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when we first started, uh, Black

Friday, Cyber Monday literally meant

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Black Friday, Cyber Monday, wait

until the night of Thanksgiving.

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I think now we're seeing things shift

into a longer time period, starting at

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the beginning of November, going all

the way through December in some cases.

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Exactly.

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Marina: Yeah, it certainly has changed,

especially in the post COVID world.

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I feel like it's completely

different for it used to be.

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And people are starting so

much sooner than they used to.

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It's no longer waiting for the 12 AM mark.

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People get going a week before that.

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But before we dive in into actual

strategies and how to help you optimize

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some of these things, Talk about the

importance of setting goals and making

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sure that you're ready for all of it.

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So starting with your inventory, you

have to keep in mind what you're pushing

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in those emails or paid media channels.

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What are you trying to sell

and do you have enough of

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it is anything out of stock?

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Like, are you ready for all of that

setting the goal of like, okay, well this

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year we would like to hit This number

and this is what we'd like to do is for

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sales conversions, things like that.

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So that, you know, setting a goal

is the first step to, to, to going

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exactly where you're trying to go.

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Devin: I think the one thing that

I would say is that if you're

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a newer business, just starting

out, like you don't really know.

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Where you're going to land in the next

couple of months, mature businesses

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that have been around a little bit.

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I mean, obviously you should be

forecasting your, your sales and

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your revenue every month based

around like all the activities

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you have going on promotions, new

products, launch, all that stuff.

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But yeah, I mean like this, these

couple of months in particular being

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that they're so critical for like your

whole year number, I think it makes

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a ton of sense to try to set like

some stretch goals as far as like.

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Sales, revenue, and that should

trickle down into your investment in

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your individual marketing channels.

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So we'll talk a little bit more about

that as we get into some of the different

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channels and the strategies there.

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If you want to do a big number

this month, you have to kind of

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put planning money and execution.

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Into all these different areas that

you expect it to kick off to the whole.

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Marina: Yeah.

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Yeah, absolutely And the biggest channel

right now is email marketing When it

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comes to this holiday season and can't

underestimate that Um at all and I know

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there's a lot of strategy when it comes

to putting the right content out there

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So nicole, let's talk about the pre

black friday cyber monday And what do

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you think the best strategy for that

time the two weeks the months leading up?

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You To the holiday.

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Nicole: I think it's much further along

and depending on the type of business,

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like Devin said, with product based

businesses, and especially if you're a

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mature business, you really should look

at almost a year in advance, what your.

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Um, promotions would be for black

Friday, because if you are actually

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buying into product for black Friday,

you obviously want to develop that and

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have that be at the lowest cost possible.

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That makes sense to drive margin.

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If you're doing something

like a loss leader.

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Door busters, things like that, that

we've seen work especially well, that's

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almost a year in advance planning

process to make sure that you're getting

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product at the right cost to be able to

sell that and to drive traffic overall.

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I think leading up into

Black Friday, Cyber Monday.

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Uh, your promotions should really

be solidified sometime around July,

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um, is usually what we recommend.

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Obviously that's not always possible

depending on the size of your

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business, um, where you are as a

business, number of different factors.

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When it comes to actually Implementing

even as early as September, um, when

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it comes to email and beyond that,

you're going to want to make sure, or

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before that you're going to want to

make sure that you have your sending

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requirements, obviously buttoned up any

sort of DNS records or anything that

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would hinder your ability to be sent.

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sent directly into the inbox, um,

especially over this time period where

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you're sending multiple emails, daily,

sometimes multiple emails, reminder

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emails, you should start to ramp up

even win back campaigns, um, which we

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usually suggest, uh, sometime beginning

of October, end of September as well.

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Anyone who's lapsed in

your subscriber list.

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So they haven't purchased in.

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Let's say, you know, depending on your.

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Again, type of business, but

somewhere around six months

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usually is what we would suggest.

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You start to incentivize people to

come back, re engage in your emails.

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So it could be sending them

some type of incentive.

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Doesn't have to be a straight

percentage off, but it could be

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something like free shipping.

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Could be a free gift.

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Um, could be, Early access to some kind

of product drop, something that is more

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enticing than a standard newsletter

email sometime around two, six weeks,

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two months out from actual black Friday.

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And then once you actually get into

October, updating your messaging

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to actually start directly speaking

to black Friday and cyber Monday.

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So your email capture,

your pop up, your email.

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Forms anywhere where you're capturing

email, um, speaking directly to

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early access to Black Friday,

first to know that type of thing.

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Um, that messaging really works well

to help grow email lists so that

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you're able to speak to customers

during that pivotal time of the year.

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Marina: When it comes to the

right message, what do you

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think is the best practice here?

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Is this, this stressing All over

again that, you know, we have the

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best sale coming up is, is the

like, Hey, inventory is running out.

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What are your thoughts on like the

best compelling message out there?

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Nicole: Well, pre black Friday,

it's really around early access.

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Um, because I think shoppers

are now conditioned.

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They understand that things

sell out, you know, like.

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Over this time period where

you're having, you know, so much

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traffic, um, inventory is limited.

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I think it's a mix of those types

of things around early access.

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We are going to sell out.

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We don't have that much inventory.

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You want to be the first to buy.

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That will help to, to build your

list going into black Friday.

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I

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Devin: mean, obviously we've

talked about, but it seems like.

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Black Friday, Cyber Monday, or just

the whole month of November really is

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fair game for being super promotional.

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And it's really turned

into an arms race, right?

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Where like, you know, retailers or

low to give up the margin by being so

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promotional all month, but at the same

time, if your competitors are all doing

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this and you're not, you know, likely

you're missing out on opportunity.

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What are some things that.

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People can potentially do short

of like the ubiquitous site

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wide percent off discount that

can still drum up anticipation.

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I mean, you know, how complicated

can these promotional strategies get?

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Nicole: I actually would keep it simple.

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Could be you use other types of, uh, It

doesn't have to be a straight percent

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off the entire site kind of situation,

though I do think that there's a

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place for that, especially on cyber

Monday for a shorter period of time.

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But if you're extending black Friday, I

would tear out the promotions even, or.

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Schedule them throughout the month.

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So you're having different types of

messages build up to black Friday.

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So, um, it could be, you know, maybe

in your first week, it's a free gift.

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I do think shipping

promotions layered on top of.

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Uh, some type of financial, you

know, promotion is a good way to go

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to mix up promotions, but I think

where you get into trouble is when

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you start to layer three, four or

five different types of promotions.

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And we start to see, we have seen people

do that thinking that it's going to drive.

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More volume, but you have to be quick.

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You have to be fast and you have to

grab somebody's attention right away.

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And if you've got, you know, an essay

and your copy, uh, promotion where

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you're having to explain multiple

different things, uh, you're not

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going to grab anyone's attention.

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So I mean, especially over black Friday

and cyber Monday, which I think we'll get

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into like creative best practices, but

keep it short, keep it short and simple.

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If you have a longer.

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Black Friday promotional time period.

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Schedule out your promotions

to build on top of each other

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and one and start another.

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Marina: Yeah, so when it comes to

the perfect email template for Black

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Friday, Cyber Monday, weeks leading

up to it, in short, what is your ideal

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template, starting with the headline?

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Nicole: With like subject line and

preheader, personalization, keep the offer

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in the subject line, in the preheader,

I often Recommend and have seen work

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a really straightforward, impactful

graphic at the top of the email says

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exactly what the promotion is because

you have to remember, you don't have

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to give away everything in the email.

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The point of the email is to get

visitors to click through and see

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more things like mystery discounts.

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We've seen work really well before

entices clicks, just a straightforward

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graphic at the top of the email.

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You know a dark background white text

you make a flash even Um, and then

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product below so, uh, I that's usually

what I recommend for black friday

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Something at the top that grabs the

attention and then a product grid below

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Of a straightforward product shots.

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Even you can mix those messages

in throughout the month, but your

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black Friday email that goes out

to announce that promotion, that's

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your time to incentivize the clicks.

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Marina: And in your opinion,

where should this email.

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Be going to, is this going to the

homepage, the product page, the collection

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page, or are we talking landing pages?

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Nicole: It depends on your type of

products and your type of business.

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So, um, if you are, let's say an

apparel business that has hundreds of

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SKUs, different types, tops, bottoms,

dresses, things like that, you might

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want to look into some type of.

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Landing page that, uh,

breaks out different types of

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categories, things like that.

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The only thing about landing

pages is that you really have to

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make sure that they're shoppable.

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And when we build out landing pages,

we make sure that we've got a mix of

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lifestyle, photography and product

carousels, product grids, add to cart

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directly from the page kind of thing.

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You don't want to add a lot of

clicks to get to add to cart.

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If you are a business that

has less products, drop them

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right into a shop all page.

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You know, if you've got 10 or less

products, drop them right into a category

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page, unless you have a product that needs

a lot of explanation, that type of thing,

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but you're already talking to people.

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Usually that at least from email, you're

already talking to people that have

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some base knowledge of your product.

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It could be different for ads.

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Marina: Yeah.

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And I can tell you from a consumer

standpoint, there's nothing that annoys

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me more if I get an email for sale

for black Friday, and there's an item

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there that maybe I am looking forward

to purchasing, and then you click on it

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and you get to like some kind of general

page that just has a whole lot of stuff.

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And it's not what I was, that's not

what was advertised in that email.

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So that's an immediate.

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Exit I'm out.

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I don't have time for this.

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We know how How little patience people

have right now to shopping online.

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So yeah, definitely people

have to keep this in mind

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Nicole: Yeah, and to devon's point earlier

too around inventory It is definitely

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a bounce if you're promoting any sort

of products, whether that be ads email,

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whatever else when someone clicks So I

think we've all this has happened to all

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of us where we've clicked on something

that has come up in an ad Clicked it.

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Oh, it's sold out.

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Oh, we just won You Get me to the site.

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I won't fall for that again.

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And I think a lot of consumers are that

way where it just leads to frustration.

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Marina: Yeah, for sure.

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And when it comes to that black Friday,

Cyber Monday sale, either one of them,

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once somebody has purchased something,

let's say I did open an email or maybe it

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was one of the ads and I bought something,

do you guys think there's a potential?

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To keep that going that momentum and

keep selling to that person or is this

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like a one and done and that's it is

there is there a way to continue that

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that relationship with the customer.

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Nicole: And you're going to definitely

want to be collecting email addresses.

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Like we mentioned, email is

still a really important channel.

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I think there's been a lot of

discussion about this in the last

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few years about whether or not email

is as important as it used to be.

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We definitely see through working with

our clients that this is one of the

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main channels, um, still to this day.

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And it's, it's a consistent way

to be able to talk to people,

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make sure that like when somebody.

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Is making purchase over black, collect

an email address that they're signing

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up for, uh, marketing emails and SMS.

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There are some strategies that you can

employ directly after black Friday too.

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Um, they're obviously going to

fall into your welcome series.

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That's one thing that you want to make

sure prior to black Friday as well, is

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that your welcome series is up to date.

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You've got the best photos in there.

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It's all still relevant.

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You've got a series, not just one

email, um, that drip out over time.

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That's really important having

something to talk about.

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And this is oftentimes what I

tell our clients to, like, if

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you have a new product drop.

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Or something, you know, maybe a

new color in a best selling style.

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I like to, to drop that directly

after Cyber Monday so that you

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have something to talk about.

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No matter what you do,

you're going to see a slump.

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Post cyber Monday.

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It's just how bad is

that slump going to be?

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Um, and I think that there are things

that you can do, like making sure that

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everybody is signed up for your email

list, that you're able to talk to

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people in a variety of different ways.

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Um, and then you have something to

talk about directly after black Friday.

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And it, it's not, you're

not going to see that.

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Volume through December, likely, unless

you have a major drop or something that

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people are really looking forward to.

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But, um, you can mitigate

some of the slump.

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Devin: You know, my favorite, uh, post

black Friday, cyber Monday, uh, promotion

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is kill a couple of birds with one

stone sale on sale, baby, even cheaper.

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Like you can, you can use it as a, as just

like a psychological driver to get people

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to the site because people obviously love

deals, especially during this time of

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year, but also, I mean, if you were trying

to clear your books of old inventory,

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that's just not moving at normal rates,

it's a great way to kind of like get off

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of some old inventory, even if it's not at

the margin you were initially hoping for.

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But I mean that product just sitting

around gathering dust in your warehouse

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isn't really helping anything.

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And Nicole, to your earlier point about

email and just like how important it is.

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I can tell you, you know, being

more on like the paid ads and.

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Or, you know, organic search side

of things that it's more important

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than ever because we're seeing

just across the board, organic

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traffic to websites go down.

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Like it's, it's just

getting more competitive.

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The Googles of the world are publicly

traded companies that like have investors

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that they need to report profit to.

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They're not exponentially

growing the amount of people

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that are using their products.

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So the only way that they can

report greater earnings every year.

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is to make more money from

their existing audience base.

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That means that less

stuff happens for free.

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You're getting less, you know,

like clicks coming through in your

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organic search traffic, you're

getting less organic, uh, social.

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Traffic to your site.

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And a lot of times you, you

can't buy your way to heaven.

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I mean, as much as like, I love running

me some ads that we, we do a ton of

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that over here at golden, you need like

a good multi channel mix of traffic to

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be able to kind of get, be profitable.

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Um, it's hard to do it with just

like one thing working really well.

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Marina: Yeah.

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And here's a warning to brands that

often do sales all the time, nonstop

309

:

throughout the year, because that's

maybe the best way you can sell your

310

:

product and you, well, maybe it's not

the best way, but you've got your goal.

311

:

Customer certainly hooked on doing sales.

312

:

If you're constantly doing sales,

it's a sale because it's a Friday.

313

:

It's a sale because new

stuff dropped or whatever.

314

:

You're going to have a harder time

getting people to purchase on the

315

:

black Friday set sale because it's

like, well, I just bought the sale.

316

:

So be careful with how much.

317

:

You promote products

on the discount basis.

318

:

Be careful with doing sales too often.

319

:

Save it for these occasions such

as Black Friday, Cyber Monday.

320

:

So you can really get people waiting

and anticipating for, Oh my God, there's

321

:

going to be a major sale on sale or

whatever else you got up your sleeve.

322

:

Nicole: Absolutely.

323

:

Marina: Well, I mean, I think it's

important to understand that people

324

:

That comes to your website for the

first time during black Friday.

325

:

It's a different segment than

those that are, they know your

326

:

brand, their loyal customer.

327

:

And oftentimes you have to speak

to these people differently.

328

:

So make sure you have the right segments.

329

:

You understand that these

were the holiday shoppers.

330

:

They just came in because

maybe they Googled a product.

331

:

They want, and they landed on your

website and you happen to have the

332

:

best sale and they purchased it.

333

:

So I agree with Nicole that having

that welcome series, having the

334

:

best conversation from that point

on and treating that person as

335

:

the new customer, you really

want to introduce your brand to.

336

:

is really important to,

to keep them longterm.

337

:

So totally, um, agree with you, but I'm

sure down paid media is tough around

338

:

the holiday season because everyone

is dropping money into promotions

339

:

and everyone wants their product

at the top and the most visible.

340

:

So, um, tell me, how do you handle

the, the competition around paid media?

341

:

Devin: Yeah, for sure.

342

:

That's a great question.

343

:

You know, CPM is definitely go up

as we get into this time of year

344

:

because everybody's kind of been

sandbagging their budgets a little bit.

345

:

Marina: And for people that don't

know what a CPM is, what is that?

346

:

Devin: Oh, sure.

347

:

CPM costs per thousand, right?

348

:

So like, you know, how much you pay

to get a thousand impressions, like

349

:

your ad in front of a thousand people.

350

:

Inventory is inventory.

351

:

Like there's a There's only so many

impressions that you can serve based

352

:

on the amount of times people are

hitting your site and the page views

353

:

they have, et cetera, all the potential

places that you can serve an ad,

354

:

especially, uh, in election years,

like we have going on right now.

355

:

Like you have the, the dual situation

of like one, we're getting into like the

356

:

most expensive time of year for people

to advertise, but additionally you're,

357

:

we're also duking it out with, you

know, every politician under the sun.

358

:

that wants to get their message in front

of people up until we get to the 5th of

359

:

November and hopefully, uh, put a fork

in this thing and move on with our lives.

360

:

Right.

361

:

I mean, to that end, outside of just like

the, the incremental costs that you're

362

:

likely going to see this year, the returns

are also incrementally better, especially

363

:

if you have a good promotional strategy.

364

:

And, and one of the most important

things I would say is making sure

365

:

that you That there's alignment

between all of your marketing channels

366

:

as far as like, all right, we have

this promotion going on this time.

367

:

We're going to set up the ads to run

from here to here, you know, or even

368

:

if you have evergreen ads running,

you're just changing the copy to

369

:

reflect that like, Hey, this promotion

is happening at the same time.

370

:

And I would say that evergreen

ads are good to keep around.

371

:

I think I talked about that a little

bit more in a couple of minutes,

372

:

but, um, yeah, there should be like

synchronization between what's happening

373

:

in email You're on site messaging and,

and all of your other different marketing

374

:

channels that you're, you're leveraging.

375

:

Marina: For sure.

376

:

I mean, you're probably, uh, well,

like Nicole said, you have to

377

:

start out so early when it comes

to black Friday, ideally in June.

378

:

What about paid media?

379

:

When do you start advertising?

380

:

Devin: For sure.

381

:

So, you know, we're, we're a little,

it's a little bit more easy on

382

:

the paid media side, just because.

383

:

Aside from like, you know, developing

creative, which can take some time, um,

384

:

and you're going to need assets from,

from clients, or you're going to need

385

:

to produce, you know, video photography,

whatever you're doing to kind of like

386

:

message these promotions, there's really

like Five important time periods that

387

:

we think about, you know, in this case,

anywhere from like the beginning of

388

:

the November to like the first week

or so of November seems to have become

389

:

like the de facto starting point for

like when people get promotional and

390

:

start talking about like, Hey, you

know, we've got incredible deals or

391

:

we're doing this or the other thing.

392

:

So like really that's when it starts.

393

:

And, and

394

:

Marina: don't do it before Halloween.

395

:

Devin: When do you want to, when do you

want to, um, Think that they're going

396

:

to make that jump to all of a sudden.

397

:

It's like middle of October is

fine to start talking about.

398

:

I

399

:

Marina: mean, there are Christmas

trees all over the stores, so I

400

:

don't even know what's early anymore.

401

:

Devin: Yeah.

402

:

Nicole: No, it's like the

meme going on right now.

403

:

It's like at midnight on the 31st.

404

:

So

405

:

Marina: yeah,

406

:

Devin: we're ready.

407

:

I mean, You know, whatever our clients

tell us to do, we're going to make it.

408

:

Oh, I

409

:

Marina: thought you mean

you have the tree up.

410

:

Okay, good.

411

:

No, not that.

412

:

I

413

:

Devin: love

414

:

Nicole: tomorrow.

415

:

There you go.

416

:

Devin: Um, so yeah, I mean like really

like November 1st, like all bets are off.

417

:

You are ready.

418

:

If you want to start getting promotional,

talking about holiday, I think you're

419

:

ready to do so to Nicole's earlier

point, like having kind of like a

420

:

promotional calendar where you're

like giving people things, but like

421

:

you're kind of saving your, the

best for last, that's typically the

422

:

strategy we see be the most successful.

423

:

Um, some people just elect to like.

424

:

Hey, we're going to do this discount.

425

:

We're going to run it for the whole month.

426

:

Um, I think you miss out on some

messaging opportunities with that

427

:

because like, once everybody sees that,

it's like, well, I can just buy this

428

:

anytime during the month, but yeah.

429

:

So anywhere up to black Friday running,

whatever, you know, promotions you have,

430

:

maybe it's like a buy one, get one, um,

you know, percent off of a category,

431

:

whatever, typically black Friday thing

that we've seen work best, just like a

432

:

Sitewide significant discount, right?

433

:

Like take, you know, 30 percent off

of all your purchases, whatever.

434

:

Cyber Monday.

435

:

Just to drum up activity, we'll

see like kind of the second best

436

:

offer that that's pretty common too.

437

:

Like you'll get something that's

good, but probably not as good of a

438

:

discount or offer as black Friday.

439

:

And then we've got the

Christmas shipping cutoff.

440

:

That's like another opportunity to

kind of like be promotional and kind

441

:

of drive urgency around like, Hey, you

know, you can only order this for so

442

:

much longer before it's not going to

get there in time for the holidays.

443

:

And then the final time period, uh,

and this is like in the, that doldrums,

444

:

like once you hit like the 14th or

15th of November, sometimes going up to

445

:

the 17th, 18th, like you, it's hard to

guarantee that your, your goods are going

446

:

to get there in time for the holiday.

447

:

So that's the time that a lot of

people elect to kind of do that sale

448

:

on sale, you know, just, it's, you're

not going to see the numbers that you

449

:

did before, but it's just a good way

to get people to the site and move

450

:

off of old inventory at a discount.

451

:

Marina: Yeah, keep trying.

452

:

Why not?

453

:

Um, well, I mean, Devin, you're in

paid media and it calls in an email.

454

:

Do you guys align your

strategies for this time?

455

:

Should you advertise the same Promotions

products or do you like target different

456

:

messaging for different channels?

457

:

How does it all work together?

458

:

Devin: There's definitely alignment.

459

:

We've seen people do like channel

specific strategies before but like

460

:

the general best practice is that like

all your channels are singing the same

461

:

song and kind of like You You know,

just being synergistic with each other.

462

:

So if somebody like clicks on email,

looks at something, doesn't buy, you know,

463

:

we've, we fired a bunch of events about

that person back into the ad platforms.

464

:

We know that they looked at this thing,

you know, we can hit them with, uh, just

465

:

any number of different campaigns that

are either going to show them that product

466

:

or have a message, you know, that's like,

Hey, we, we think this would be great.

467

:

Here's another reason why

you should think about it.

468

:

Thinking a little bit about creative.

469

:

Actually though, I'd love to like

segue into that if it's okay.

470

:

Yeah.

471

:

Yeah.

472

:

Marina: Yeah.

473

:

Give us some best practices there.

474

:

Devin: Sure.

475

:

So one thing that seems a little

bit counterintuitive, but actually

476

:

like works really well is just

leave your evergreen ads running.

477

:

Like if you have ads that are just top

performers, like for a long period of

478

:

time, you don't always have to just turn.

479

:

Everything that was working off and, you

know, start with fresh campaigns that

480

:

are strictly speaking, promotionally,

like what you can do is you can just

481

:

like update, copy, um, within the ads

or, or just make subtle changes that

482

:

talk about the promotion, you know,

not like completely start from scratch.

483

:

Because what ends up happening is,

is if you roll out like brand new

484

:

campaigns or brand new ads, you're

like resetting the clock on learning.

485

:

Like, you know, the ad platforms are

going to have to figure out, you know,

486

:

what this message is, who it resonates

with, who to serve impressions to.

487

:

And then really it'll take some

time to get that dialed in.

488

:

And that can be tough, especially when

some of these promotions that we're

489

:

talking about don't last a long time.

490

:

Like, you know, if you have a flash sale

going on that's like two or three days,

491

:

you won't even get a new campaign out

of like the learning period for that.

492

:

So it seems counterintuitive, but we

definitely suggest getting creative that

493

:

messages promotions out there, but it

should be in addition to not, you know,

494

:

in, Replacement of, if that makes sense.

495

:

Another thing that can be a

little counterintuitive, uh, but

496

:

specifically if you're doing ads

that are just messaging promotions,

497

:

like, Hey, we've got this big sale.

498

:

We see that we see that static

ads typically work better for

499

:

that than video a lot of times.

500

:

Um, you know,

501

:

Marina: isn't, isn't usually video.

502

:

Better performing.

503

:

I mean, we recommend

504

:

Devin: having a pretty good mix of

different creative within accounts.

505

:

And there's, it's hard to make

unilateral, like, Oh, this one thing

506

:

that works great for one account

might not work as well for another.

507

:

Right.

508

:

But like, you know, we're, we're always

like testing things and trying to

509

:

identify like, whether it's like, you

know, statics or video or different

510

:

hooks, you know, product features, social

proof, all like the tried and true ad

511

:

formats and hooks that work really well.

512

:

Um, but yeah, static ads where you

can just like kind of overlay some,

513

:

some tech, some graphics, text, and

dot wax onto, you know, like product

514

:

imagery or beautifully shot lifestyle.

515

:

Photography seems like it works really

well where you're just saying, Hey, like

516

:

30 percent off site wide, you know, cool

picture in the back as the background.

517

:

Um, and kind of you're off to the races.

518

:

And even when it comes to that, like

if you are going to do promotional

519

:

stuff and you haven't done.

520

:

Uh, like photography or video

specifically for the holiday season.

521

:

What we would tell you is, is look at

some of your best performing static

522

:

and video ads from the last, you know,

90 days, 180 days, and just create

523

:

a holiday version of that ad or like

a promotional version of that ad.

524

:

Uh, you know, you don't have to like,

kind of reinvent the wheel here.

525

:

Like things that have worked in the past

will work well, especially if you're kind

526

:

of adding a promotional element to them.

527

:

For videos, you can make some animated or

static batter or static banners and kind

528

:

of place them on top of some of those

like existing creatives that that have

529

:

worked well in the past, just like subtle

tweaks and not like reinventing the wheel.

530

:

Marina: That makes sense.

531

:

What about budget?

532

:

Do you just do as much as

you can as high as you can?

533

:

What's the best strategy?

534

:

Devin: I mean, this is a lot

easier if you've got historical

535

:

data to kind of draw on.

536

:

It's not that things are

always static in the world.

537

:

Right.

538

:

But like, obviously we love data to

kind of drive our decision making.

539

:

This year, I'm really curious to

see how things are going to do.

540

:

I mean, obviously anybody that's

worked in e commerce or even just

541

:

like, you know, is living in the

United States with the economy, like

542

:

as it is, you It's definitely been

a tough time for a lot of folks.

543

:

So, you know, you can make your best

assumptions based on data, but where

544

:

the rubber meets the road, we don't

really know what's going to happen.

545

:

So I think like, you know, you can

look at how much you spent last year,

546

:

what you returned on that spend.

547

:

And, you know, make a reasonable guess as

to what you should be spending this year

548

:

based on whatever you're forecasting.

549

:

Like, if you're forecasting, like,

how much you want to do in sales,

550

:

each one of your marketing channels

should have a number attached to

551

:

it that you expect it to kick up

based on last year's performance.

552

:

Right?

553

:

So, You know, that all the math has to

math and the numbers have to back out

554

:

to, all right, if I expect Facebook ads

to do a hundred K in sales this month.

555

:

then I know that I need to spend, you

know, maybe 25 or 30, 000 based on the

556

:

ROAS that we saw this time last year.

557

:

So that's, that's typically how we

think about budgeting is like starting

558

:

with data, understanding like what's

happening now, what's happened in the

559

:

past, and then making a best guess as

far as like, we need the channel to do X.

560

:

So we're going to supply it with Y.

561

:

And we feel good about that, but like

budgets are not, are never static.

562

:

I mean, like if you get to the, you

get to the middle of the month and

563

:

things are going really well, you know,

add, add budget, adjust accordingly.

564

:

If they're not, you know, you can,

you can pull back a little bit.

565

:

That's part of, of.

566

:

Having good active management within

your ads accounts is like somebody

567

:

should really be in there looking

at these things on a daily basis

568

:

Especially during this time of year

569

:

Marina: now, let's get into

a website optimization.

570

:

So I know a lot of our clients Don't

do any kind of work leading up to

571

:

the Black Friday cyber Monday because

you're afraid to mess anything up

572

:

People go into code freeze just to

make sure once things are perfect and

573

:

working, we just keep it this way.

574

:

And that's probably the best strategy.

575

:

But what I want to make sure everyone

understands is that if your website is not

576

:

specifically set for mobile conversion,

you're going to lose a lot of money during

577

:

this season because majority of people

are going to be shopping on their phones.

578

:

You're going to get the email, the SMS.

579

:

the ad served on Facebook or

Instagram, you're gonna go on your

580

:

phone and look at the product.

581

:

And it shocks me how many websites

still are not optimized properly,

582

:

are not responsive enough when

it comes to mobile devices.

583

:

Um, so yeah, make sure that you look

at that and your website is fast.

584

:

Go through all the collection

pages, go through navigations.

585

:

Things have to just, just

be seamless and flawless.

586

:

So that's probably the number one tip.

587

:

If I could give anyone and looking at your

checkout process, I think if it's not the

588

:

holiday season, um, people are adding a

lot of the upsells cross sells into your

589

:

checkout, your card and doing all of that.

590

:

But when you're already

doing a lot on the.

591

:

Promotional side all throughout your

website, your email, everywhere else.

592

:

People are doing quick buys because

maybe your offer has to do around urgency

593

:

and it's because inventory is running

out and you're trying to buy it fast.

594

:

Don't overwhelm your customer.

595

:

Don't do, don't put too much into

the cart when it comes to cross

596

:

sells, upsells, all that good stuff.

597

:

Keep it as simple as you

can to close that sale.

598

:

Um, Because again, we're shopping a lot.

599

:

You're probably not the only

brand I'm shopping with.

600

:

So that ease when it comes to

checkout is, is really important.

601

:

And ideally you started testing and

optimizing way before this point.

602

:

And maybe you've done

even some AB testing.

603

:

Maybe you know exactly what

works best for your customer,

604

:

but keeping an eye on that data.

605

:

As the sales start coming

in is also so important.

606

:

So, so you can adjust in that moment.

607

:

So ideally you have tools like hot jar

installed and you're looking at heat

608

:

maps and you're understanding if there's

any pain points and you're reducing and

609

:

removing in real time, because again,

this is not the time to just sit back.

610

:

This is the time to actively

monitor a track and optimize.

611

:

So make sure you're looking

at all of that data.

612

:

All around the holiday season and you know

website is really the final piece because

613

:

all these channels all roads You know,

they all lead to the, to that website

614

:

sale that we're trying to close so much.

615

:

And there's so many moving

pieces here between email and

616

:

paid and website optimization.

617

:

So if there was any advice we could

give somebody who's like, Oh my God,

618

:

this is my first year maybe doing

the Black Friday, Cyber Monday.

619

:

Where do I begin?

620

:

Do I start with the website?

621

:

Do I start with the paid?

622

:

Where do I start in order to

get the most out of the season?

623

:

Nicole: All of that.

624

:

Marina: What's number one?

625

:

Where do you, what do you do?

626

:

Do you

627

:

Nicole: have a good

place to drive traffic?

628

:

Yeah,

629

:

Marina: I agree.

630

:

I agree.

631

:

Cause if your website is not

optimized and you're driving

632

:

traffic to broken pages, things that

don't work, you're wasting money.

633

:

Devin: We have a lot of

conversations with people that are

634

:

looking for help with paid ads.

635

:

And like, Nicole Maria,

you can testify this.

636

:

I'll tell them like, I don't

think that's where you should be

637

:

putting your attention right now.

638

:

Unless you have a well designed,

functional, thought out website that

639

:

like reflects good branding and has

like, you know, compelling product and,

640

:

and at the right price point, all of

those things, then you're just going so

641

:

much of your spend will just be wasted.

642

:

If you had a better web experience,

it's going to just lead to better

643

:

outcomes For all of your marketing.

644

:

So, you know, especially for smaller

businesses and people that are just

645

:

starting out, they're like, Oh, they

think that they need traffic first.

646

:

And it's like, well, yeah, but you,

you probably to maximize the outcomes

647

:

of the traffic that you are getting.

648

:

You probably need to get your, your

website tuned up a little bit first

649

:

before it's ready for prime time.

650

:

Marina: Yeah, that was the answer I was

hoping for, because we, we know this time

651

:

and time again, we see people invest money

into channels and then, you know, worry

652

:

about why am I not getting the conversion?

653

:

I have to, I was hoping I get this

row as I was hoping this channel

654

:

does, but, but maybe the channels

would do better if they did.

655

:

Website was optimized to

actually close the sale.

656

:

So yeah, website is definitely.

657

:

I think is number one.

658

:

Nicole: Yeah, for sure.

659

:

I just wanted to touch on the code

freeze aspect that you mentioned earlier.

660

:

When I worked on the brand side, code

freeze is a reality while it be a

661

:

frustrating reality for a lot of people

that are like, Working in, in brands,

662

:

there are things that you can do.

663

:

Like there's definitely, you need to

have a plan going up to code freeze

664

:

of the major changes that you wanna

make because you don't wanna get

665

:

into a time when you're getting a lot

of traffic and something is broken.

666

:

But there are little changes

that you can make, especially

667

:

around merchandising navigation.

668

:

I would, I would definitely try

to get that done before, and I

669

:

want to emphasize navigation as

being one of the most important.

670

:

Aspects of your site.

671

:

You know, we've seen 80, 90 percent of

people usually go straight into navigation

672

:

more than clicking on homepage heroes.

673

:

And we see a lot over and over again,

in all my years I've seen people so

674

:

focused on what ends up on the homepage.

675

:

And while that's important, oftentimes

the navigation gets overlooked.

676

:

And that is one place that needs to

be buttoned up prior to black Friday.

677

:

But what you can do in, in

actual code freeze, you know,

678

:

when I worked on the brand side.

679

:

I would look at what was selling

every day during black Friday and

680

:

re merchandise pages based on that.

681

:

Cause it's really.

682

:

You know, oftentimes people look

for, Oh, what's the one thing I

683

:

can do that doesn't really exist.

684

:

It's cumulative, you know, of, of all

the things that, that you have to do

685

:

when it comes to a website in particular,

is there's so many different pages.

686

:

There's so many different aspects.

687

:

There are some things that

are more important than

688

:

others, like the navigation.

689

:

But it's a lot of little tiny things

and merchandising does sometimes get

690

:

overlooked as well because you've got

a lot of pages sometimes depending

691

:

on the type of business that you are.

692

:

But re merchandising those pages and

moving up products, making sure that

693

:

you don't have anything at the top

that's out of stock, that kind of thing.

694

:

Um, there are tools that you can, that you

can use to help, you know, way products

695

:

in different ways and that kind of thing.

696

:

But oftentimes things change

so quickly over black Friday.

697

:

I found it's old fashioned way

pulling that report every day

698

:

of like what actually sold.

699

:

Oh, it was this, let me move this up.

700

:

Let me move this down that kind of thing.

701

:

Like, cause you, you never

know what's going to happen.

702

:

Marina: Yeah.

703

:

Another thing, speaking of things that

are overlooked is the post purchase

704

:

experience during the holiday season.

705

:

Once you've closed the sale,

don't forget about that.

706

:

Thank you page and utilizing it as well

because you could add additional like

707

:

Devon said, sale on sale on top of it.

708

:

You can do a limited time offer.

709

:

So right as somebody is getting

that order confirmation, thank you.

710

:

You can add here's Within the

next five minutes, you can get

711

:

this product for half the price.

712

:

If it's an easy add on to your

order, people will buy it.

713

:

So post purchase, that's also a

super overlooked strategy, and if

714

:

you utilize this correctly, you

can maximize your profits for sure.

715

:

Nicole: I mean, we've seen that the order

confirmation email is oftentimes one

716

:

of the top performing triggered emails.

717

:

People come back.

718

:

There you go.

719

:

Marina: Yeah, I

720

:

Nicole: wouldn't think

that it is the truth.

721

:

Marina: Yeah.

722

:

I read a study on this that they say

the easiest way to close somebody

723

:

is right after you just closed it.

724

:

So right after somebody just purchased

is the easiest to sell to them again.

725

:

Um, they're keep that momentum going.

726

:

So yeah, agree.

727

:

Nicole: Yeah.

728

:

Update your triggers.

729

:

All your trigger e mails.

730

:

Marina: For sure.

731

:

Cool.

732

:

Well, good talk.

733

:

Is there any real life success stories

that we can share for any of our clients?

734

:

Devin: Not speaking directly to, to

client work, but I can remember like

735

:

when I was on the brand side, probably

like the coolest night I had on Black

736

:

Friday, uh, it was when I was working

at Free People and we had, um, done a

737

:

ton of work leading up to Black Friday.

738

:

We had a really great discount.

739

:

And I remember I like went with my manager

that night and we just like got a six pack

740

:

and put like real time analytics on his TV

just to like see like once the promo like

741

:

opened up like the traffic and it was just

like, you know, tens and tens of thousands

742

:

of people hitting the site at once.

743

:

And we just sat there and like

watch the numbers tick up until

744

:

we did a million dollar day.

745

:

And it was the first million dollar

day that we did at the brand.

746

:

And it was just like, you know,

I had a little buzz go and

747

:

it was, it was pretty cool.

748

:

We love seeing the same types of

things for our clients, uh, without

749

:

like, you know, divulging anything to.

750

:

Yeah,

751

:

Marina: I kind of miss those days when

the sale only happened at the 12 a.

752

:

m.

753

:

mark

754

:

Devin: and

755

:

Marina: nobody was

doing sales before that.

756

:

So you really got a front seat to the

virtual doors opening up and people

757

:

starting to come in and purchase and

you're looking at all the data and

758

:

there's so much, and like that chaos,

um, I feel like was a lot more intense.

759

:

before COVID where people were a lot

more, you know, careful and patient,

760

:

um, versus now where it's just

kind of a slow, slow burn approach.

761

:

And you're, you're, you're doing

sales the week before that.

762

:

I

763

:

Nicole: think some kind of trends that

I've seen over my years, all my black

764

:

Fridays and cyber Mondays doorbusters

tend to work well, uh, save them,

765

:

save them for actual black Friday,

release those, you know, if you're,

766

:

uh, Uh, product based business, like

buy into those way ahead of time.

767

:

Like we mentioned earlier, those really

do work, you know, more than one.

768

:

I would say those help to

drive traffic a lot in general.

769

:

You can use those in all your

different marketing channels.

770

:

They tend to not just buy door busters.

771

:

I know that's often a concern.

772

:

I think another concern that we

often see too, is businesses are

773

:

concerned about the lead up of.

774

:

Discount and the change in discounts

and how their customer sentiment is

775

:

sort of like, are they going to be

scared that, or are they going to be

776

:

upset that cyber Monday was better

than black Friday kind of thing, which

777

:

oftentimes we do see a better cyber

Monday than black Friday discount.

778

:

And that is oftentimes shorter

than black Friday and you have

779

:

less inventory to choose from.

780

:

So it's really a trade off.

781

:

And I have not seen as much as

we've seen concern about that.

782

:

I have not seen any sort of

widespread negative customer

783

:

sentiment about a better cyber

Monday deal than a black Friday deal.

784

:

And we tend to hear that over

and over that concern from, from

785

:

leaders at different brands.

786

:

But I think customers are used

to that and there's a trade off.

787

:

Like I said, if you're in the

month, the discount's not as good.

788

:

You're getting a better choice of product.

789

:

Once you get into a better discount.

790

:

You have less choices.

791

:

It's it's it's an age old trade off

people are we really used to it now

792

:

Marina: Yeah, that's correct.

793

:

That's true.

794

:

Well some final thoughts as we wrap

it up, um starting with the website

795

:

Don't forget to optimize it for mobile.

796

:

That's one takeaway I can give you

make sure that your pages are not just

797

:

awkwardly responding to my device size

and the blocks are long and weird and

798

:

the text is somewhere down the bottom

have designed that specifically for the

799

:

mobile and have it look just as good as

on desktop because like I said expect

800

:

all those sales to be coming in through

the mobile devices and it's just a

801

:

Basically desktop is going out every year.

802

:

We see this less, less and less until

it's just going to be gone one day.

803

:

So just put all your efforts into

making the website as optimized as

804

:

you possibly can for our phones.

805

:

Devin: I think on the paid ad

side, I would stress the importance

806

:

of data and using it to kind

of guide your decision making.

807

:

If you don't have data from this

time last year, look at your, your.

808

:

Couple of last recent months, get an

understanding of how things are going.

809

:

And also make sure that you're

capturing that data to use next year.

810

:

Right?

811

:

So like that means like adding

UTM tags to your platforms, making

812

:

sure things are tagged up and that

just doesn't apply to paid ads.

813

:

That's on the email side.

814

:

That's on affiliates, all

of your other channels.

815

:

And then finally, you know, double

down on the things that are working.

816

:

Like you don't have to

completely reinvent the wheel.

817

:

If you're a bigger, more established

brand and you're going to go out and do a

818

:

very cool like photo shoot and get great

photography or video done, that's great.

819

:

But if you're not like, you know,

and you have some ads that have

820

:

worked for you in the past, Just

update them with like promotional

821

:

messaging, you know, things like that.

822

:

And you're off to the races.

823

:

Nicole: I would say for email, look

at your full ecosystem of emails.

824

:

We mentioned welcome series.

825

:

We wouldn't mentioned transactional

triggers, things like that.

826

:

Even your shipping confirmation, email,

those things take time to update.

827

:

So.

828

:

Email, you really need to get

started sometime in September.

829

:

So updating your messaging, like I

mentioned earlier, taking a look at every

830

:

single opportunity when it comes to the

type, the emails that you're actually

831

:

sending out, update your photography to

be fresh, update your messaging and think

832

:

about it from a new customer standpoint,

because hopefully you'll have many,

833

:

many new customers signing up for email.

834

:

Marina: And if you have any questions or

issues with any of what we just talked

835

:

about, don't hesitate to reach out.

836

:

We are golden digital.

837

:

co.

838

:

We do all of the things

we just talked about.

839

:

So if you need help here to help for sure.

840

:

Thank you guys so much.

841

:

I think this was a good discussion,

especially for our first podcast slash

842

:

webinar, and I hope if you're still

watching, you found this valuable.

843

:

Don't forget to like subscribe.

844

:

We have a lot more coming up.

845

:

We have a lot more

knowledge to share with you.

846

:

So yeah, stay tuned.

847

:

Devin: Good, fast, or cheap podcast, baby.

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About the Podcast

The Good, Fast, or Cheap Podcast
A Shopify and Ecommerce Growth Pod
Welcome to The Good, Fast, or Cheap Podcast, brought to you by Golden Digital! This show is dedicated to helping ecommerce brand owners navigate the challenges of running a successful online store. We share actionable Shopify tips, digital marketing advice, and expert insights on growing your business effectively. Whether you're looking to boost your marketing campaigns, optimize your Shopify store, or scale your brand, we've got you covered. Tune in for practical guidance and engaging discussions that are tailored to help your ecommerce business thrive.

About your host

Profile picture for Devin Concannon

Devin Concannon