Insider Edition: The Experts' Guide to Channel Marketing - Become.com

Insider Edition:  The Experts' Guide to Channel Marketing

eTaildTail is excited to continue its oning series called: Insider Edition: The Experts' Guide to Channel Marketing, over the past several weeks we had great conversations with several shopping destination sites/marketing channels.

eTaildTail knows that using consumer shopping engines ("CSE"s) can help online retailers increase sales at a price they can afford, although many ecommerce merchants still are hesitant to work with CSEs for a myriad of reasons.

The most notable three reasons are:

1. lack of familiarity with a particular marketing channel
2. lack of evidence that a marketing channel increases sales cost effectively, and
3. difficulty of working with a marketing channel

As part of eTaildTail's 2009 effort to educate online retailers as to the many, cost-effective marketing channels available to them to list their product catalog, eTaildTail will interview executives at various CSEs and marketing channels and ask them to help us undertstand their value to growing an online merchant's sales and revenues.

eTaildTail hopes that these online Q&A sessions give you, the online merchant, pertinent information as to a particular marketing channel and the potential benefits of working with them.  And, if you decide to work them then great, please let them know that eTaildTail sent you their way.

So let's get started with an interview with Become.com and its Director of Business Development & Sales, Lee Cohen.  All interviews are conducted by Chip Arndt, an author of eTaildTail. 

If you would like to contact Become.com and Lee Cohen you may email me at tips @ merchantadvantage.com and eTaildTail would be glad to accommodate you, or see below.

 

  Insider Edition:  The Experts' Guide to Channel Marketing – Become.com

Become.com's Secrets to CSE Marketing Success for Online Merchants

Interview with Lee Cohen by Chip Arndt, eTaildTail author... and check out the photo below of the very helpful and "cool" team at Become.com! We love them!

1. When was Become.com founded and by whom?

Become.com was founded in 2004 by Michael Yang, former founder of mySimon – the web’s first comparison search engine.

2. What sets Become.com apart from the other consumer shopping engines?

Become.com is a site that combines product research and comparison shopping, allowing shoppers to access product information and make better buying decisions.

Users can take advantage of Become.com’s research engine to search over 5 billion web pages of information—buying guides, product reviews, discussion forums and more—and then comparison shop on the same site to find the right product for their lifestyle and budget.

Whether online shoppers are looking for an ATV part or a home theater system , Become.com’s research and comparison shopping engine helps them get the information they need to make the best buying decision. With over 25 million products and over 5,000 stores, we’ve made it easy for users to find everything they need to shop on one site.

3. What are the secrets to success for merchants advertising on Become.com?

There are no real secrets to success, just a simple 3-prong approach –

1. Relevant titles & descriptions
2. ROI Tracker Integration and
3. Use of our marketing vehicles

 Here is a brief explanation of each of these:

1. Relevant Titles and Descriptions – Adding descriptive keyword information to your titles and descriptions helps your products appear for the right user queries. When consumers find what they are looking for, they buy which means higher conversions for our retailers.

2. ROI Tracker Integration – integrating our state-of-the-art ROI Tracker gives us visibility into which products are selling best for our retailers on Become.com. How does this help you sell more? Let’s say you are a jewelry retailer and you list 50 pearl bracelets with Become.com, our algorithm has no visibility into which of these bracelets is a popular, top seller. Integrating the ROI Tracker allows our algorithm to identify the best selling bracelet for a particular query and display it.

3. Marketing Tools – Become.com offers retailers multiple marketing tools to best showcase your products on our site. Here are is list of our most popular marketing vehicles:

Bidding – Become.com is a dynamic bidding system where retailers can bid for preferred placement both on a category level (in the dashboard) or on a product level (in the feed)

Free Logo Placement with a $0.10+ Bid – Retailers can bid $0.10 or more to receive not only better placement on the page but also free logo placement

Promo Text – An additional $0.05 (for soft goods) and $0.10 (for tech products) allows our retailers to place promotional language alongside their listings. Some popular uses of this are “3-Day Sale” and “Free Shipping” . 

Free %-Off Sticker – When retailers provide us the MSRP as well as the selling price in the feed, our system will automatically calculate the % off and display that saving free of charge to the users. This is a great way for retailers to showcase great deals and low prices!

4. Who is using Become.com and why?

Become.com has over 10 Million unique monthly visitors. 60% of our visitors are women searching for great deals on the latest shoes, clothing and household items. Our male users tend to search for discounted gps systems, HDTV and computers. 

Here are some success stories of shoppers on Become.com: http://www.become.com/success_story.html 

Become.com’s shopping blog is frequented by online shoppers looking for the latest in fashion, gadgets, gift ideas for events and product reviews.

5. What are some of the challenges you are seeing in the retail sector during the current economic downturn, and what are you doing to overcome them?

Consumers are more deal focused than ever before and retailers need to use every vehicle available to showcase these deals. One of Become.com’s newest features is % Off – this is a FREE tools retailers can use to showcase their low prices and great deals. Additionally, even in this down economy, retailers still need to make sales.

At Become.com we are committed to driving the highest quality, most qualified traffic to our retail partners to ensure that ROI and conversion metrics are met.

Bonus Q: How do I get to work with Become.com as an ecommerce merchant?

We are happy to answer any questions you have about listing your products on Become.com. We can even set you up right over the phone! You can give us a call at 408-215-4700 ext. 2 for Sales or email us at sales@become.com and if you mention “etaildtail” we’ll give you $50 in FREE CLICKS!

Chip: Thank you so much Lee for your time and insights on how online merchants can benefit by working with Become.com

If you want to keep up with all entries as they relate to Insider Edition:  The Experts' Guide to Channel Marketing, please click on "Experts' Guide to Channel Marketing" under categories on the left hand side of the eTaildTail blog.

- Chip Arndt