What is a SaaS Marketing Mix?

Digital Transformation is a process that aims to transform the business by leveraging digital platforms. Performance marketing plays an important role in digital transformation because it helps companies to reach their target audience, increase sales and build a loyal customer base. Direct-to-consumer (DTC) brands often use performance marketing because it allows them to target specific audiences and track the return on investment (ROI) of their advertising efforts. Performance marketing includes tactics such as pay-per-click (PPC) advertising, affiliate marketing, facebook ads, instagram ads, and influencer marketing, which can be more effective at driving sales than organic marketing methods, such as content marketing or social media posts. It gives better leads that have a higher conversion rate. The results are faster since the strategy is guided by focused objectives. Additionally, DTC brands often have limited marketing budgets and need to be able to measure the effectiveness of their campaigns in order to allocate resources effectively. We shall be taking a deeper dive into this in our article. Read on to find more. What is Performance Marketing? Performance marketing is a form of online marketing where advertisers (also known as merchants or vendors) pay affiliates, partners, or publishers (also known as performance partners) for specific actions taken by their customers, such as a sale, lead, or click. The payment is typically based on a pre-agreed upon commission or a cost-per-action (CPA) model. Performance marketing is different from traditional forms of advertising, such as display ads, where an advertiser pays for the number of impressions or views an ad receives rather than the number of actions taken by customers. Reasons Why DTC Brands Choose Performance Marketing There have been plenty of major DTC brands that are making the switch from organic marketing to performance marketing. To understand this better, let’s delve deeper into the reasons. Customer Acquisition Cost The answer to that question lies in the fact that it's not about how much you spend on customer acquisition; it's about the cost of customer acquisition. The cost of customer acquisition is the amount spent to acquire a customer, and it differs from industry to industry and channel to channel. For example, suppose you're trying to sell products directly through your website or social media channels (organic). While the cost involved is limited because these channels don't require much investment on your part, the conversion rate will be limited. However, if you want access to more traffic and more qualified leads, advertising through Google AdWords or Social Media, Ads will get you that at a nominal spend. Scalability Organic marketing is not always scalable for DTC brands, because it relies on building a large following or audience over time, which can be a slow and uncertain process. On the other hand, performance marketing allows DTC brands to target specific audiences and track the return on investment (ROI) of their advertising efforts, which can be more effective at driving sales and providing a predictable ROI. Additionally, DTC brands often have limited marketing budgets and need to be able to measure the effectiveness of their campaigns in order to allocate resources effectively, which is more possible with performance marketing. Loyal Customer Base Performance marketing can be a great way to build a loyal customer base for DTC brands. Because it allows advertisers to target specific audiences and track the return on investment (ROI) of their advertising efforts, it can be more effective at driving sales and acquiring new customers than organic marketing methods. Additionally, performance marketing allows DTC brands to continually test and optimize their campaigns based on data, which can help improve the customer experience and increase customer loyalty over time. Additionally, performance marketing offers more benefits than organic marketing. Performance marketing allows DTC brands to reach a larger, more targeted audience, which is especially important for newer companies that don't have a large organic following yet. Performance marketing is also more measurable, giving DTC brands the ability to track and optimize their campaigns in real time, and it's more efficient, providing a predictable ROI. ROI and ROAS Unlike organic marketing, which can be expensive and time-consuming, performance marketing provides an opportunity for companies to create loyal customers by targeting people who are already interested in their products. These customers are likely to convert at higher rates than those found through other channels like social media or search engine optimization (SEO). Performance marketing generally has a higher return on ad spend (ROAS) compared to organic marketing because it focuses on paying for specific actions taken by consumers, such as clicks or purchases. This allows for more accurate measurement of return and optimization towards desired outcomes. Organic marketing, on the other hand, relies on building brand awareness and relying on consumers to eventually take action, often with less direct measurement of success. Marketers often use retargeting techniques to show ads based on previous visits or purchases made by users who have visited their site before. This allows them to reach potential buyers who may not have been aware of the brand before but are now interested in learning more about its offerings after visiting once before. In Conclusion DTC brands are the way forward for finding new customers. The cost of customer acquisition has come down significantly over the past few years; hence, DTC brands can afford to spend more on performance marketing than they would have ever been able to. However, if you are new to this, relying on professionals is your best bet! At Saffron Edge, we aim to deliver. We are a digital marketing agency specializing in performance marketing. Scale boundless heights with us. Contact us today! ...

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The growth of the internet has been a boon to the E-commerce industry. The ease with which you can now buy products and services online has opened up new retail opportunities. You no longer have to travel far or spend hours on end in stores waiting for your purchase. You can shop from home and still get what you want in minutes—if not seconds! The internet has also made it easier than ever before for you as an entrepreneur who wants to sell products through your website by providing them with access via their smartphones or tablets. This means that customers have more choices when shopping online; they don't simply have one option available but multiple alternatives at their fingertips instead. This establishes plenty of competition for your product and service in the market. One way to gain an edge over them is through digital marketing, which can help you devise a strategy that streamlines your operations better and increases revenue. The online space is a wide and daunting space. It can be overwhelming when one is a beginner. One of the first challenges you tackle as a small business owner is the choice of an online platform. There are lots of choices when it comes to online sales. This article will help you understand some of them and how they compare. What is an E-commerce marketplace? An E-commerce marketplace is a platform that allows sellers to list their products and make sales. There are two different types of marketplaces: Seller-to-Seller Marketplace: This type of E-commerce platform connects buyers with sellers directly. The seller can choose to host their own website or use an existing one, such as Shopify or WooCommerce. E-commerce Marketplaces vs . E-commerce Platforms: Where Should You Sell? These platforms connect merchants directly with customers through the integration of various payment methods (like credit cards), shipping options (like USPS Parcel Post), return policies, and more. E-commerce marketplace vs. other selling platforms The internet is a vast space with multiple avenues for you to sell your products and services. For you to unlock your maximum potential, you need to know which avenue is the best for you. An E-commerce marketplace is a website where buyers and sellers connect. It's a place where you can sell your products, but not all platforms are alike. Some platforms charge fees for using their service, while others don't charge anything at all—you pay only when someone buys from you or clicks on one of your ads. E-commerce Marketplace vs. Your Website The first and most obvious difference between selling on E-commerce marketplaces and your own website is that you have more control over your own site. There are plenty of reasons why this is a good thing: You can sell whatever you want on your site, even if it doesn't necessarily fit into the categories listed in the marketplace's search results (e.g., "sale" or "gift"). You can run multiple sales at once if they're related to each other—for example, one item might be 25% off, while another offers free shipping with any purchase over $50. Pros and Cons of Selling on an E-commerce Marketplace vs. a Standalone Website Every coin has two sides to it. So when it comes to marketplaces and websites, there are merits and demerits to both of them. They have been reviewed below; Marketplace sellers have a higher conversion rate. The reason for this is that they have more traffic and can easily reach customers who may be looking for their product or service. Marketplaces are easier to set up and maintain. Setting up your own E-commerce site involves creating custom software, which is time-consuming and can be expensive if you don't know what you're doing (or if it's not your area of expertise). On top of that, maintaining an online store involves updating products regularly as well as keeping track of customer orders—and this takes extra effort! By contrast, marketplaces already have everything installed in place when you sign up with them—so all you need to do is focus on marketing instead! What’s the best choice for you as a seller? As a seller, you need to decide what you want to sell and how much time and money are available. You should also consider your goals, budget, and other factors that determine which platform is best for your business. Let’s go through some of the things that will help determine which platform is right for you: There are two main types of E-commerce platforms; marketplace sellers and standalone websites. A marketplace seller sells their products on an online store run by another company (the “marketplace”). The owner of a standalone website may sell as well, but they don't have access to other sellers' products—they're not part of an ecosystem like this one does! Marketplaces are available 24/7 and always online, unlike offline stores or catalogs. E-commerce marketplaces are always online and available 24/7, whereas E-commerce platforms are available during working hours only. It's important to note that not all E-commerce platforms offer an all-inclusive solution: they may only provide an E-commerce platform with a shopping cart or fulfilment service but do not have the ability to sell through their own marketplaces or dedicated apps. You can use an E-commerce Platform if you want more control over your storefront and checkout experience. E-commerce platform is a good choice if you want to control the look and feel of your storefront and the checkout experience. E-commerce platforms make it easy to add products, manage inventory, and track sales. They also offer a variety of marketing tools that allow you to target specific groups of customers, like women over 40 or those who have been looking at your site for more than five minutes but have not made a purchase yet. Finding the right place to sell is essential so that you enjoy the many benefits of optimal exposure and visibility, as well as be able to maximize sales, both now and into the future. The best way to know if a marketplace is right for you is by doing some research on its features and comparing them against your needs. To help with this process, we have created an E-commerce platform comparison table below: There are many different ways to sell online. It’s important that you choose the right one for your business, which will depend on your goals and how much time you want to spend managing it. If you want a flexible platform where users can buy almost anything from anywhere in the world with little effort, then an E-commerce Marketplace could be perfect for your needs. However, if you would rather control everything about how customers interact with your storefront then an E-commerce Platform might be more appropriate for what you need. In Conclusion The best way to determine what E-commerce platform is right for you is by considering your business goals and objectives. Do you want a simple, straightforward process that will allow you to focus on growing your online sales? Or do you want advanced functionality that allows for complex product management and checkout? Once you've identified the platform features that will work best for your business, consider whether it's worth paying more upfront. However, if you seem to be struggling with finding the perfect service provider for your firm, look no further than Saffron Edge, an industry leading digital marketing company offering faultless solutions for your business needs.   ...

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Cart abandonment is a major challenge for companies in today's eCommerce world. Some sectors have seen a stunning adoption of this strategy. According to a report, 37% of smartphone users in the United States experienced push notifications during unlock sessions originating from utility apps. Systems apps ranked second with 24% and messaging apps with 10%. Consider a scenario in which an online consumer comes to your store to add items to their shopping basket, only to abandon the transaction. You cannot let this happen when you've spent so much time and money marketing your business! Source: Pexels While it's impossible to know why internet customers spend so much time searching for things they'll never buy, there are strategies to keep them from abandoning their carts - or at least attempting. Rescue abandoned carts in two stages: first, while the customer is still on your site, and second, after leaving your site. That is the most effective strategy to take. What is a "push notification"? A web push notification is a notice that pops up on a subscriber's desktop or mobile browser when they are logged in. Using this notice, the brand may communicate with the client even while the user is not on your website. Push notifications are used to convey discounts, transaction confirmation, and order fulfillment and deliver targeted reminders regarding abandoned carts. When paired with the correct offers and sent at the right moment, Push notifications can encourage customers to return to the basket and complete the transaction. Why does cart abandonment happen? There are several reasons why a customer abandons a transaction. When it comes to making a sale, it's not always about the price or the quality of the goods you're selling. Some of the other elements that influence their purchasing decisions include the website experience, the availability of a mobile app, the payment and delivery alternatives, and more. Let's face it, no matter how great the product is, if you encounter any of the problems listed above, you'll be the one to quit! Especially if you have alternative options available to you. What happens when people ditch their shopping carts? The most apparent consequence of cart abandonment is losing more than half of your store's revenue. Then there's the fact that you'll miss out on all of your store's potential earnings and the lack of brand loyalty in the market. That is like eliminating your future sales before you can contact any new clients at all. Why use push notifications for cart abandonment recovery? You may use Facebook advertisements and email campaigns to remind customers what they have left behind. You may even offer them a discount on the items to get them to buy them. But in both circumstances, you're still waiting for the consumer to see the ad, open the email, read the content, and then purchase. On the other hand, mobile push notifications ensure your unique offer gets read on the go and prompts customers to buy right away. 1. The opt-in rate for push notifications is greater. The top-grossing online retailers are now increasingly using push notifications to engage with their consumers, according to a 41 percent opt-in rate. Customers are more likely to accept push alerts from an online business since they are already required to provide their contact information to get updates. 2. Push notification has a higher open rate There is a 30% open rate for push notifications, higher than the open email rate. Instead of risking the possibility of being in a spam box or waiting for the customers to check emails, the message is digested because it's on mobile. 3. Push notification has a higher click-through rate According to a blog post by Andrew Chen, push notifications to have an average click-through rate (CTR) of roughly 40%. Push messages have a higher open rate than emails, with an average open rate of 23%. 4. A larger percentage of people open and respond to push alerts. Push notifications have been shown to increase online retailer engagement. They can lead to an 80 percent level of engagement if used correctly. All you have to do is guarantee that your push message is personalized, relevant, and uses intriguing content to express all of that. An online business may effectively use push notifications to keep its customers interested and entice them to make further purchases or, even better, to complete those they started but never finished. Tips on how to get push notifications to work Reward yourself with a small favor. Discounts are the most effective technique to entice customers to return and finish a transaction. You may revive an abandoned cart with a reminder of what they left behind and a promo code that makes the pricing even better. Even a ten percent discount appears to be enticing for everyone. Create a sense of urgency. No matter how generous your discount on the items they've left behind, it will be worth nothing if there is no deadline. Your customers may put off making their purchases if you allow them to decide when and where they want to complete the transaction. Why not inform them they have a day or two to use the coupon? Make sure the timing is correct. Push notifications are all about time. Neither being too early nor too late is ideal while trying to reclaim an abandoned cart. Early is a little spooky, while leaving things behind too late may result in the client losing interest completely. Determine when to deliver a relevant message to your typical consumer based on their behavior. Help find a solution to an issue. Most likely, a buyer departed because they couldn't figure out how to make the best purchase for themselves. They might blame concerns about the good's size, quality, or quantity for sale. Another approach to reclaiming an abandoned cart is to assist in making a purchasing choice. Remind them what they left behind Sometimes all it takes is reminding the consumer of what they left behind and why they were seeking those things in the first place to get them back on the right track. Push messages don't need discounts; all you need to do is make them seem like a subtle hint rather than a sales pitch. Maintain your brand's distinctiveness As vital as it is to keep your message short and to the point, it is also important to maintain your brand's identity. When it comes to marketing, you should write as you talk, and your push notifications should do the same. Be specific Don't be distracted from your primary aim of finding an abandoned cart. Keep your push notifications simple, and don't try to cram too much information into them. Including a call-to-action at the end of a blog article is just as effective as being explicit. Ask for feedback You may not be able to entice a consumer to make another buy at a later time. You should always know why you're doing anything. As a result, incorporating customer input into your push notification campaign is important. Additionally, you'll have a more enjoyable time shopping due to this. Make sure you don't overdo it. All those abandoned purchases are something you'd like to recoup. It's fine to go overboard, but don't go overboard. Too many push notifications might cause uninstallation. Thus you must realize that this can be a negative experience for the user. Optimize the frequency of your push notifications based on your campaign results. Automate your notification pushes to save time and money. Don't wait until the last minute to rescue carts that have been left behind. You need to set up a push notification strategy from the start, so you need to automate these notifications. You may set up push notifications in minutes with the Shopify mobile app powered by Global Apps. Your push alerts will go out at the right moment, and you'll be able to see how they're doing in real-time. Wrapping Up You can't afford to miss out on key clients in the digital economy because of the fierce competition. Push alerts are an essential part of a successful cart recovery program. To know more about ROI-driven Push Notification campaigns, contact our experts today! ...

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