This year, Black Friday takes place on 27 November, brands are already releasing details about their extended deal periods, with Walmart promising month-long specials and Home Depot extending Black Friday all season. After depressed economic demand caused by the pandemic and lockdown, there’s no doubt that retailers will be using the annual event to attract spend and make up for lost time.
With so many specials on offer and so much competitor noise, how can brands not only stand out, but also meet this increased demand with excellent customer service? And how can they then use the period as an opportunity to build a customer base that stays loyal long after the Black Friday dust has settled?
For businesses that want to make the most of the day, the answer lies in using data to provide the right deals at the right time, creating sustainable customer relationships, and finding scalable customer service solutions.
Offering the Right Deals at the Right Time
According to retail tracker Black Friday Global, interest in Black Friday has jumped by 117% globally over the last five years. Black Friday Statistics also revealed that there is a growing affinity for mobile shopping, with traffic share rising from 60.79% to 66.55% between 2018 and 2019. Meanwhile, desktop shopping decreased from 31.03% to 27.63%.
By now, consumers are familiar with Black Friday deals, and only the best discounts on the right products will grab their attention. Data can help brands make more informed decisions about how and when they target which customers, ensuring they deliver relevant and impactful marketing campaigns and, in turn, increasing sales. But this is only possible if they have the right tools in place to collect and analyze this data.
This is where a customer data platform (CDP) comes into play. With a CDP, data is pulled from multiple sources, cleaned, and combined to create a single view of a customer in return for a more personalized customer journey. Everything that is personal can be added to a customer profile. Think CRM, purchase orders, email responses, social media chats, and more. In other words, companies have easy access to everything, from past shopping behavior to birthdays, helping them show the right deals to the right customers.
More than that, they can segment customers by demographics and interests to deliver personalized Black Friday & Cyber Monday messages that really resonate with recipients. Similarly, data can be used to deliver more enticing deals. If retailers see that a particular category or product isn’t selling well, they can make changes on the fly, whereas before, campaigns needed to be planned well in advance.
Building Sustainable Relationships
Although Black Friday can be a quick win for brands looking to temporarily boost sales, it could also be used as an opportunity to build lasting customer relationships if businesses focus on more than just making a sale on the fourth Thursday of November.
To really benefit from it, they should look at the user journey before, during, and after Black Friday in a holistic way. What personalized communication do customers want to see after they’ve bought from your brand? How can you segment customers to continue to offer them relevant information and make them believe that their needs are your priority? The Mobile Marketing Cloud is one such solution which enables companies to use customer insights to personalize and automate engagement with customers on the channels they prefer – a truly mobile first approach to marketing. This empowers marketers to create superior customer experiences that increase conversion rates and sales.
Smart companies will use the period to attract more customers, and then hold onto them with a peerless user journey and experience. For example, offering the same customer who bought a yoga mat on Black Friday yoga pants during the Christmas sale shows initiative; predicting exactly what customers want before they ask for it increases purchases and customer satisfaction. Not only that, but this strategy is cheaper and more efficient, as it costs less to keep selling to existing customers and attract recurring business than it is to spend advertising money to attract new ones.
Harnessing Scalable Solutions
Many businesses know that demand is likely to increase over this period, but they don’t have the capacity to meet that demand, and hiring extra service staff for a month is just not feasible.
Offering great deals and then having your website crash, your phone lines clog up, or your service staff overwhelmed could damage your brand and put customers off permanently. Not to mention that creating manual campaigns for every product category or product (like yoga pants) is very labor intensive.
Instead, companies should look for flexible solutions that allow them to scale up as necessary and meet that demand. From a customer communication and service angle, cloud platforms offer a real competitive and scalable advantage for companies looking to stand out and win brand loyalty.
Having a single platform where customer service agents can access all relevant information about conversations with customers can be transformative for a business’s service levels. If all relevant information (including everything from purchase history to previous service interactions) was captured, customers would not have to endure the frustration of having to repeat themselves to multiple service agents. Cloud platforms make maintaining a chain of communication that can be tracked and referenced effortless.
Automated personalization, like chatbots, is just one example of a scalable solution that brands can tap into for elevated customer service during and after the Black Friday rush. Although it seems like this would be a more expensive offering because AI is used to handle some service queries, the costs are kept low, and human agents are freed up to offer improved service to customers who need it. Even better, the cloud makes it easy for agents (human or otherwise) to communicate with customers on their chosen platform, whether that’s via SMS, voice, email or messaging channels.
Ensuring Marketing Continuity
This advice is not just relevant to Black Friday. Businesses that put these practices into place will also be able to harness them to make the most of other important retail periods, like the festive season, Valentine’s Day, and many others.
Always remember though, marketing doesn’t stop on ordinary days – it’s a continuous, consistent journey of engaging your customers with personalization and relevance throughout the year through multiple channels, resulting in active, satisfied customers 365 days a year.