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Marketers need to start their campaigns now to maximise sales and revenue during peak week
New research has revealed that when consumers receive promotional messages in September, they are three times more likely to buy products and services during Black Friday and Cyber Monday. According to the study, marketers and advertisers who start their campaigns earlier treble their sales conversion rates compared to those who leave it until November.
According to the research, published by Conversant, a planned approach from September also results in more website visits. The number of consumers visiting websites on Black Friday and Cyber Monday in 2017 was four times higher for those messaged consistently from September, resulting in over half (56%) visiting the brands’ websites, compared with just 13% of those consumers who were first messaged in November.
Getting started early has an even greater effect on certain industries. For those marketers working with fashion brands, commencing creative consumer campaigns for Black Friday and Cyber Monday in September led to a sextupling of sales conversion rates and eight times more website visits in 2017.
“When it comes to Black Friday and Cyber Monday, this research proves that it pays-off to start early with brand-led messaging,” commented Elliott Clayton, Senior Vice President Media UK at Conversant. “After all, just ask yourself as a consumer: are you likely to take notice of a one-off message within the flood of Black Friday promotions, or a slowly built up, tantalising ad campaign that builds up the desirability of a brand during September, then offers you a discount on Black Friday? With so many brands vying for consumers’ limited attention during this peak period, the most successful strategy to ensure that your brand is noticed is to start gradually building up that awareness and to form a relationship with the consumer over time.”
The research further revealed that in 2017 there was an increase in the number of consumers seeing adverts on one device and completing their purchase on a second device. Cross-device conversions increased during the Peak Week of Black Friday and Cyber Monday from 29% in 2016 to more than half (57%) in 2017.
“To draw shoppers to purchase, it’s not only a question of timing your advertising and starting early, it’s also about paying attention to how you reach consumers. Retailers need to build their relationships with consumers by reaching shoppers on all their devices, but to do so it’s essential to recognise exactly who it is using each device before you deliver a message to them,” concluded Clayton.