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10 Features Every Deal Site
                Should Be Using
                                    October 18, 2012




D R I V I N G   R E V E N U E   |   B U I L D I N G   D A T A B A S E   |   G R O W I N G   A U D I E N C E
How to Interact with Us



  Note: We are recording this
webinar and you will receive an
email with links to the recording
      and the slide deck.




                                    GoToWebinar™
                                    Questions Panel



    @secondstreetlab
Who We Are

                    Increase ROI, Build &
                      Engage Audience




 @secondstreetlab
Deadline Deals

                    A truly white label deals provider


                              To date, Deadline Deals has executed
                               • More than 3,500,000 gift cards sold
                               • On more than 425 local media sites
                               • More than 1,000,000 consumers have
                                 purchased deals through our partner’s
                                 sites




 @secondstreetlab
Speaker




                          Matt Chaney
                    Dir. of Affiliate Success
                        - Deadline Deals



 @secondstreetlab
Agenda

• Review 10 Essential Features
• Why to Use Them
• Wrap-up & QA




  @secondstreetlab
Merchant Center
What is it?
Feature for merchants to login and access information and details about their
promotion.

Why use it?
• Gives your advertiser insights into
  who’s buying their deals
• Hub for them to see everything
  going on about their deal & track
  redemptions
• Helps reps track their deals
• Better understand your audience
  demos & location
• Leverage data for future ad pitches


 @secondstreetlab
Usage Example: Merchant Center

• Demographics
   • Target special section - Age
   • Target clients online - Venue
   • Relate to events - Gender




  @secondstreetlab
Usage Example: Merchant Center

• Zoned advertising
    • Inserts
    • Sticky / News Notes
    • Shopper / Guide
• Direct mail
• Online targeting
    • Geo-targeting




 @secondstreetlab
Refer-a-Friend Credit
 What is it?
 User gets credit when they refer a friend or family member who is new to the
 program and makes their first purchase.


Why use it?
• Applies to new customers only
• Users with credit 3x more likely to buy
• Reward users for engaging with your brand
• You choose the amount to offer
• Opportunity to increase and create a
  campaign around it




  @secondstreetlab
Case Study: Refer-a-Friend

        Background
• WCHL, Chapel Hill
• Offering $5 Refer-a-
  Friend credit


           Results
•    207 new buyers
•    $1,035 in credits given
•    New buyers generated
     $10,871
•    ROI = $9,836

     @secondstreetlab
Denominations
 What is it?
 Ability to split an offer into multiple vouchers requiring the user to
 make repeat visits to the merchant in order to redeem full value.

Why use it?
• Greater flexibility to target
  merchants with a lower average
  price point
• Encourages multiple visits by
  consumer
• Creates more upsell opportunities
  for the merchant




  @secondstreetlab
Case Study: Denominations

                     • The Killeen Daily
                       Herald
                     • Coffee Beanery
                     • 2 locations
                     • Avg. ticket $2
                     • $5 for $10 split over
                       two vouchers
                     • 5x increase over
                       average deals sold



 @secondstreetlab
Tracking Link
 What is it?
 Analytics tool for tracking user actions and activities on your site.

Why use it?
• Know where your revenue and
  subscribers are coming from
• Better understand how your digital
  marketing dollars are working
• Use them to track results of partnerships
  and outside promotions
• Know the impact of your social media
  efforts




 @secondstreetlab
Case Study: Tracking Links
                      Top Revenue Generating Links
                                            Twitter
                    Google Ad Words          1%
                          8%




                                                      Affiliate Sites
                                                            40%
                     Internal Email Lists
                            31%




                    Facebook Ads                       Deal Aggregator
                        6%             Display Blog          7%
                                         5% 2%



 @secondstreetlab
Merchant Opt-in
 What is it?
 Allows a merchant to collect email address of users buying their
 deal.


Why use it?
• Gives merchant new ways to
  reach engaged users
• Selling point to distinguish
  your site
• Opportunity to manage
  emails for merchants




  @secondstreetlab
Case Study: Gary’s Grocery


• Follow-up campaigns with
  emails collected
• Sends out weekly emails with
  coupons related to the items
  purchased from the deal
• They track these coupons in
  POS to see their return on
  investment
• Helping to deepen relationship
  with advertiser




    @secondstreetlab
Get Yours Free
What is it?
A user receives his/her deal free when they get a set number of friends and
family to buy the deal.


Why use it?
• Encourages sharing of deal to multiple
  people
• Turns your audience into promoters of
  your program
• Makes your deals more social
• No risk “opportunity cost” with high
  returns




  @secondstreetlab
Case Study: Get Yours Free
                                    Background
                        • The Washington Post
                        • Advertiser: Station 4,
                          $15.50 for $30 + Bottomless Drinks
                        • $42,051 Gross
                        • 2,713 offers sold


                                        Results
                       •   26% of deals sold came from referral
                       •   712 referrals resulted in $11K in sales
                       •   115 refunds issued - $1,782
                       • ROI = $9,253




 @secondstreetlab
Multi-Option Deals
 What is it?
 A deal with more than one purchase option.


Why use it?                        Usage examples
• Offer a wider range of price     • Price point
  points                           • Events and concerts
• Give you merchants more          • Packages
  flexibility with their offers    • Multiple locations
• Consumers get more choices       • Multiple products
  for purchase – let them upsell
  themselves




  @secondstreetlab
D R I V I N G   R E V E N U E   |   B U I L D I N G   D A T A B A S E   |   G R O W I N G   A U D I E N C E
Promotional Credits
    What is it?
    A credit given to users that offers a discount towards a future purchase.

Why use it?
•     Easy way to market to new and current customers
•     Used by ecommerce sites to increase sales and engagement
•     No cash value; requires a purchase on your site to use
•     Codes can be branded for promotional tie-ins
•     Flexibility to meet your business needs
       – Three formats
       – Can be any price you choose
• Some sites using them like “in-store credit”
  to avoid cash refunds


     @secondstreetlab
Promotional Credits Usage Examples

                     • Reengage inactive
                       buyers
                     • Reward top spenders
                     • Give extra promotion
                       to a big deal
                     • Celebrate anniversary
                       of your program &
                       show appreciation


 @secondstreetlab
Case Study: Promo Code “ActNow”

          Background
•   The Sacramento Bee
•   $5 credit towards purchase
•   “ActNow” promo code
•   Sent to all subscribers
•   3 days to use: Friday - Sunday


             Results
•   446 credits deposited and used
•   Increased week-over-week stats
      • Order volume up 65%
      • Revenue up 49%




     @secondstreetlab
Recap and Last Chance Emails
    What is it?
    An email highlighting top deals from the week or a key deal that is about to
    end.


•    Don’t miss a chance to send an email
•    Perfect for sites that don’t send email on weekends
•    66%+ of revenue comes from email
•    Don’t overdo it
•    Last Chance emails can give an extra boost to top deals




     @secondstreetlab
Case Study: Recap and Last Chance Emails
          Recap Email                              “Last Chance” Email
Subject Line: Best deals from this week!   Subject Line: Today’s Deal Reminder: Don’t miss out…




• 30% increase in Open Rate over             • Average revenue for Sunday
   average                                     double that of Saturday
• Highlight timely and top deals             • 25% of sales for this deal came
• @secondstreetlab
   Sunday sales volume up 44% YOY              on Sunday – 2x the average!
Deal Opt-in for Contests
What is it?
Checkbox added to a contest registration page that allows consumers
to opt into your deals program.

                                  Why use it?
                                  • Highly effective way to grow
                                    your email database –
                                    for deals and beyond
                                  • Sign up highly engaged users
                                  • Easy to turn on
                                  • Works seamlessly with deals
                                    admin




 @secondstreetlab
Case Study: Gatehouse




     Grew Deals
     Database by
      46% With
    Contests Alone!

 @secondstreetlab
Questions?




                            Matt Chaney
                      Dir. of Affiliate Success
                          - Deadline Deals
                    chaney@secondstreet.com
                      Twitter: @mattchaney


 @secondstreetlab
SecondStreetLab.com




 @secondstreetlab

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Top 10 Features Your Deals Program Should Use

  • 1. 10 Features Every Deal Site Should Be Using October 18, 2012 D R I V I N G R E V E N U E | B U I L D I N G D A T A B A S E | G R O W I N G A U D I E N C E
  • 2. How to Interact with Us Note: We are recording this webinar and you will receive an email with links to the recording and the slide deck. GoToWebinar™ Questions Panel @secondstreetlab
  • 3. Who We Are Increase ROI, Build & Engage Audience @secondstreetlab
  • 4. Deadline Deals A truly white label deals provider To date, Deadline Deals has executed • More than 3,500,000 gift cards sold • On more than 425 local media sites • More than 1,000,000 consumers have purchased deals through our partner’s sites @secondstreetlab
  • 5. Speaker Matt Chaney Dir. of Affiliate Success - Deadline Deals @secondstreetlab
  • 6. Agenda • Review 10 Essential Features • Why to Use Them • Wrap-up & QA @secondstreetlab
  • 7. Merchant Center What is it? Feature for merchants to login and access information and details about their promotion. Why use it? • Gives your advertiser insights into who’s buying their deals • Hub for them to see everything going on about their deal & track redemptions • Helps reps track their deals • Better understand your audience demos & location • Leverage data for future ad pitches @secondstreetlab
  • 8. Usage Example: Merchant Center • Demographics • Target special section - Age • Target clients online - Venue • Relate to events - Gender @secondstreetlab
  • 9. Usage Example: Merchant Center • Zoned advertising • Inserts • Sticky / News Notes • Shopper / Guide • Direct mail • Online targeting • Geo-targeting @secondstreetlab
  • 10. Refer-a-Friend Credit What is it? User gets credit when they refer a friend or family member who is new to the program and makes their first purchase. Why use it? • Applies to new customers only • Users with credit 3x more likely to buy • Reward users for engaging with your brand • You choose the amount to offer • Opportunity to increase and create a campaign around it @secondstreetlab
  • 11. Case Study: Refer-a-Friend Background • WCHL, Chapel Hill • Offering $5 Refer-a- Friend credit Results • 207 new buyers • $1,035 in credits given • New buyers generated $10,871 • ROI = $9,836 @secondstreetlab
  • 12. Denominations What is it? Ability to split an offer into multiple vouchers requiring the user to make repeat visits to the merchant in order to redeem full value. Why use it? • Greater flexibility to target merchants with a lower average price point • Encourages multiple visits by consumer • Creates more upsell opportunities for the merchant @secondstreetlab
  • 13. Case Study: Denominations • The Killeen Daily Herald • Coffee Beanery • 2 locations • Avg. ticket $2 • $5 for $10 split over two vouchers • 5x increase over average deals sold @secondstreetlab
  • 14. Tracking Link What is it? Analytics tool for tracking user actions and activities on your site. Why use it? • Know where your revenue and subscribers are coming from • Better understand how your digital marketing dollars are working • Use them to track results of partnerships and outside promotions • Know the impact of your social media efforts @secondstreetlab
  • 15. Case Study: Tracking Links Top Revenue Generating Links Twitter Google Ad Words 1% 8% Affiliate Sites 40% Internal Email Lists 31% Facebook Ads Deal Aggregator 6% Display Blog 7% 5% 2% @secondstreetlab
  • 16. Merchant Opt-in What is it? Allows a merchant to collect email address of users buying their deal. Why use it? • Gives merchant new ways to reach engaged users • Selling point to distinguish your site • Opportunity to manage emails for merchants @secondstreetlab
  • 17. Case Study: Gary’s Grocery • Follow-up campaigns with emails collected • Sends out weekly emails with coupons related to the items purchased from the deal • They track these coupons in POS to see their return on investment • Helping to deepen relationship with advertiser @secondstreetlab
  • 18. Get Yours Free What is it? A user receives his/her deal free when they get a set number of friends and family to buy the deal. Why use it? • Encourages sharing of deal to multiple people • Turns your audience into promoters of your program • Makes your deals more social • No risk “opportunity cost” with high returns @secondstreetlab
  • 19. Case Study: Get Yours Free Background • The Washington Post • Advertiser: Station 4, $15.50 for $30 + Bottomless Drinks • $42,051 Gross • 2,713 offers sold Results • 26% of deals sold came from referral • 712 referrals resulted in $11K in sales • 115 refunds issued - $1,782 • ROI = $9,253 @secondstreetlab
  • 20. Multi-Option Deals What is it? A deal with more than one purchase option. Why use it? Usage examples • Offer a wider range of price • Price point points • Events and concerts • Give you merchants more • Packages flexibility with their offers • Multiple locations • Consumers get more choices • Multiple products for purchase – let them upsell themselves @secondstreetlab
  • 21. D R I V I N G R E V E N U E | B U I L D I N G D A T A B A S E | G R O W I N G A U D I E N C E
  • 22. Promotional Credits What is it? A credit given to users that offers a discount towards a future purchase. Why use it? • Easy way to market to new and current customers • Used by ecommerce sites to increase sales and engagement • No cash value; requires a purchase on your site to use • Codes can be branded for promotional tie-ins • Flexibility to meet your business needs – Three formats – Can be any price you choose • Some sites using them like “in-store credit” to avoid cash refunds @secondstreetlab
  • 23. Promotional Credits Usage Examples • Reengage inactive buyers • Reward top spenders • Give extra promotion to a big deal • Celebrate anniversary of your program & show appreciation @secondstreetlab
  • 24. Case Study: Promo Code “ActNow” Background • The Sacramento Bee • $5 credit towards purchase • “ActNow” promo code • Sent to all subscribers • 3 days to use: Friday - Sunday Results • 446 credits deposited and used • Increased week-over-week stats • Order volume up 65% • Revenue up 49% @secondstreetlab
  • 25. Recap and Last Chance Emails What is it? An email highlighting top deals from the week or a key deal that is about to end. • Don’t miss a chance to send an email • Perfect for sites that don’t send email on weekends • 66%+ of revenue comes from email • Don’t overdo it • Last Chance emails can give an extra boost to top deals @secondstreetlab
  • 26. Case Study: Recap and Last Chance Emails Recap Email “Last Chance” Email Subject Line: Best deals from this week! Subject Line: Today’s Deal Reminder: Don’t miss out… • 30% increase in Open Rate over • Average revenue for Sunday average double that of Saturday • Highlight timely and top deals • 25% of sales for this deal came • @secondstreetlab Sunday sales volume up 44% YOY on Sunday – 2x the average!
  • 27. Deal Opt-in for Contests What is it? Checkbox added to a contest registration page that allows consumers to opt into your deals program. Why use it? • Highly effective way to grow your email database – for deals and beyond • Sign up highly engaged users • Easy to turn on • Works seamlessly with deals admin @secondstreetlab
  • 28. Case Study: Gatehouse Grew Deals Database by 46% With Contests Alone! @secondstreetlab
  • 29. Questions? Matt Chaney Dir. of Affiliate Success - Deadline Deals chaney@secondstreet.com Twitter: @mattchaney @secondstreetlab

Notas del editor

  1. ChaneyComment & questions on TwitterQuestions RecordingSurvey at the end – your feedback is welcomed
  2. Chaney
  3. Chaney
  4. Chaney
  5. Track the status of redemption for next deal – if you’re using digital redemptionHelp put their minds at ease – knowing they can have direct access to dataThe offerDates of the saleReal-time sales, redemptions, & refundsLink to deal pageLink to user vouchersDownload link to list of user voucher codesPayment information, sales map, & user demographics
  6. ----- Meeting Notes (9/6/11 13:43) -----SOSD experience – first month everyone got codes; got the buzz going; 57% of referrals were new visitors
  7. $48 earned for every $5 credit given----- Meeting Notes (9/5/11 14:01) -----Each new buyer worth: ----- Meeting Notes (9/5/11 20:03) -----money they might not have gotten without referrals----- Meeting Notes (1/9/12 17:29) -----Groupon often increases this amount throughout the year to encourage more sharing
  8. Puts important tool into the hands of your clientsHelp put their minds at ease – knowing they can have direct access to data
  9. Gives you a tool to work with smaller establishmentsFocus on high volume and generating emails125 sold vs. avg. of 21 deals
  10. Email sign-upsRegistrations on your siteOrdersRevenueCancelled OrdersIncentive CostFees Merchant PayoutNet Revenue
  11. Being proactive about programFinding new ways to reach consumers; testing them and refiningGoal: Use tracking links-actionable decisions on where they invest their resources going forward-breaking down the impact of each of their efforts; allowing them to make actionable decisions going forwardPapa Johns: understood the value of subscriber based on this data; why
  12. Puts important tool into the hands of your clientsHelp put their minds at ease – knowing they can have direct access to dataCan be used on a per deal basisOptional - can be pre-checkedOptional - make email available in merchant download
  13. We send out the weekly email blast (revenue) while promoting our program…$97K deal
  14. Customizable: site can pick the number of shares required before a user gets the deal freeAbility to structure the credit to ensure you always come out aheadAverage: 1x refund for every 7x purchases----- Meeting Notes (9/7/11 16:20) -----By putting out a small incentive to you users, you can reap the rewards of high return on investment. The next two examples are going to help illustrate that.
  15. This deal really struck a cordwith their audienceBrunch is social, so sharing is what drove its successTop 5 shared deals all were of this type
  16. Price Point: Up to 58% revenue boost by adding a second price pointEvents and Concerts: different show dates/daysPackages: mani/pedi or choice of one of the twoLocations: Separate purchase options by locationProduct/Service: round of golf, membership only, swing analysis
  17. 2 Different price points - $29,530 vs $43,180 (second price point increased revenue by 32%)Have seen impact be as high as 58% more revenue
  18. Overall code: Word printed in a newspaper or on a website for anyone to use onceUnique code: 1-time use codes given out to specific users. With a minimum purchase ex. Must spend $20 to get a $5 credit----- Meeting Notes (9/5/11 14:01) -----Overall = Public
  19. InstructionalShowcased current top dealsLimited time offer – timed it near end of month to finish strongWOW sales numbersOrders: 39 vs 113Avg. revenue: 920 vs. $1793
  20. A year-long strategy for them – contests and storesOften tie-in contests with deal stores – a best practiceDoing a great job with lots of focus
  21. Chaney