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Welcome to the Merchant Mastery blog.

An enticing offer?

Creative ad copy and images?

User friendly website?

Beautifully designed email campaigns?

Truth is, it’s not any one single thing above.

The most important factor in having a successful holiday season is...

BEING READY FOR IT!

 

And while we're on the topic, how do you calculate the value of any of your mailing lists?

Understanding the actual monetary value of your lists can help justify your ad spend. While this isn't a metric that Klaviyo reports for you, we have a super quick hack to help you calculate your list value. 

Trust us, this one's a game changer.

Klaviyo recently announced 6 exciting product updates that will be a game-changer going into Black Friday / Cyber Monday. These updates include:

  • New Template Editor
  • New Forms Library
  • Quiet Hours
  • Help Desk Integration 
  • Scheduled Reports
  • Showcase

Let’s dive deeper into each of the new features.

Think about this:

  • Google owns YouTube, Google Chrome, Gmail, Nest, and many other companies.
  • Google is the most visited website, with YouTube second.
  • YouTube is the second most used social platform.

Why is all this relevant? Data, data, data.

Google has access to A LOT of it, which means YouTube advertising has really powerful targeting capabilities.

“I’ve been doing this for 43 years and never seen it this bad... Everything that can go wrong is going wrong at the same time,” said Isaac Larian, Founder and CEO of MGA Entertainment, when asked about Covid-19’s supply chain disruptions. 

The effects of Covid-19 on the supply chain have been snowballing since factories slowed output or closed down entirely in 2020. Events like the Suez Canal blockage, labour shortages, and raising transportation costs have retailers raising alarm bells for the holiday season. 

It has officially been two weeks since Apple released their iOS 15 update. In a turn of events shocking to absolutely no one, this update, along with the data tracking pop-up alerts released back in April, has disrupted the advertising and email game.

** Sighhh **

We all know acquiring new customers is a necessary cost, but if your customer acquisition cost (CAC) is too high, your profit margin will get smaller, and smaller, and smaller... well, you get the idea.

Calculating your CAC helps you understand how much you need to earn from each customer to have a profitable business. There are different ways to calculate your CAC, but before we do so, let's first define it.

Customer acquisition cost (CAC) is the cost to your business of earning a new customer. CAC includes all costs that contribute to getting your product into a customer’s hands. Costs such as sales costs, marketing costs, product costs, etc.

How will the new iOS 15 update impact email marketing?

We're glad you asked.

The main changes include the ability to:

  • Hide open email behaviour by pre-loading email images, including tracking pixels.
  • Hide specific (e.g., city-level) location data by blocking IP addresses.
  • Obscure click-through activity by using a proxy email address.

Instagram recently removed the swipe-up feature for Instagram stories and replaced it with new link stickers.

Users who have over 10,000 followers will see a new option in their sticker menu, which they can use to link any products. The linkable sticker may be released to all accounts following a trial period. **Crosses Fingers** 

Instagram has surpassed 1 billion monthly active users worldwide, and over 500 million people use Instagram stories daily.

Because stories disappear after 24 hours, they can be more authentic than feed posts, making it easier to post more often. Keep people in the loop about product drops, limited releases, upcoming events, and offers you're running.

At Merchant Mastery, we often see startup merchants struggling to get traction with Facebook advertising. If your store is going to succeed, and sustainably scale, your online advertising is something you will need to master. And while SEO and publicity are great assets to have, they are highly unpredictable and will not produce the same, consistent, bang for the buck as interruptive advertising on social media platforms.

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