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enero 06, 2014

SEWING 2ND SCREEN STRATEGIES


What would you do to increase your sales by 135% overnight?

It happened by mere chance, but there are lessons to learn from the story I'm about to relate.

Antena3TV, a TV Channel from Spain, is broadcasting a series based on a bestselling novel. It tells the story of Sira, a young lady who earns a living sewing clothes in a tailor shop. The story runs in the 1930s, not the best time framework to explore the posibilities for current products' placement or other traditional media gimmicks. 4 episodes later the series is a big hit: 26% share, +5 million average viewers.  A rebump in sales of the book, as expected, took place everywhere...but something else happened: an unexpected 135% increase in sewing machines sales at Amazon.es

Not 35%... 135% increase, out of nowhere. Regular sales multiplied by 2.35.

Was this jump due to the TV Series? You bet it was! Sales at the unusual 10:00 to 24:00 time frame (the time the show is on) went up 124% in broadcasts days!  This experience would have been IMPOSSIBLE just a few years ago even with e-commerce sites like Amazon already present and running. Mobile makes the real difference. Consummers are watching TV shows alongside their smartphones and tablets.

There are, of course, market situations that helped this success. The economic crisis in spain is making more people refurbish their clothes or think about starting their own clothing repair businesses. But up untill the show started, sewing equipment sales were far from booming.

Buying habits are shifting from instore to online. Mobile was the piece missing to complete the e-commerce puzzle.You better get your company ready for this, or the opportunities will fly away from you, regardless on how good your product is.

What can we learn from this situation?


BEWARE OF THE 2ND SCREEN

Don't understimate the power of mobile. We're witnessing a cultural shift deeper than the one that made us switch from neighborhood small businesses to big stores and shopping malls. People are finding mobile shopping easier and more convenient than instore experiences.

IMPULSE BUYING IS A 24/7 HABIT

Who would have thought people would buy sewing machines on impulse? You better make your products available for sale 24/7 or sales will be missed.

MAKE YOUR PRODUCT AVAILABLE AT AMAZON

Amazon is not a single store. Is a conglomerate of different companies selling under the same umbrella. Opening an online store requires substantial effort and resources. Consider the possibility of selling through Amazon´s infrastructure.

SEIZE THE MOMENT

Evaluate events happening and to come. They may have hidden opportunities for unexpected sales you may take advantage from. Use Social media to newsjack.

BRAND AWARENESS MATTERS, BUT PRODUCT AVAILABILITY MATTERS MORE

Singer, the sewing machines' brand featured in the tv show, and probably the best positioned in the mind of the consumer, was the one making more sales, but there was a shortage of product at the Amazon.es store, and delivery dates for the Singer popular items started to push further in time. Numbers shown that people bought other brands prioritizing delivery dates over product choice.

Mobile means now. Consumers are getting smarter and once they make a decision, they want the chance to get instant gratification. Sew your strategy to the 2nd screen. Take advantage of it or your competitors will.









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