Partnerize Blog

Black Friday & Cyber Monday Sales Trends to Watch

Posted by Partnerize on Nov 23, 2016 8:54:45 AM

Shopping_Bags2.jpg

With Black Friday rearing its head this week and Cyber Monday just around the corner, global retailers are primed and ready for action. Last year, Black Friday drove £1.1 billion online sales in one day and sales this year are estimated to surpass those figures.

For retailers who have taken direct control of their partner and affiliate marketing programs, the prospect of executing a successful Black Friday strategy across a variety of partners and affiliates can be particularly daunting. But looking to granular performance data enables marketers identify their most successful promotions, media buys, and key partners—and should help guide their optimization efforts in the coming days. 

We’ve taken a look at our own data warehouse to identify key trends in retail sales and some learnings to share with you from Q4 last year.

Sales Trends.png

Source: Performance Horizon Data Warehouse, Q4 2015

The above graph depicts commerce trends from Q4 2015, including the quantity of sales transactions and the average basket value (ABV). Unsurprisingly, Black Friday and Cyber Monday dominate by accounting for substantial sales in November. But what may be more interesting are a series of dates in late October when some of the highest-value sales of the entire quarter took place – perhaps people getting a head start on their holiday shopping.

Device Stats.pngSource: Performance Horizon Data Warehouse, Q4 2015

Consider paying more attention to tablets and mobile

Although tablet sales have been on the decline, it’s interesting to note that with an above average conversion rate of 7.34%, tablet owners are now increasingly using their devices for online shopping. Regardless of whether tablet sales dwindle or rise, it will be interesting to watch this particular conversion trend this year. Mobile sales, which had the lowest eCPC compared to both tablets and desktop, also saw an overall increase last year month over month.

 Focus on existing, not new customers for a better return

In Q4 last year, the ABV of new customers was £95, while the ABV for returning customers was £332. Loyalty schemes can be an extremely effective way to encourage existing customers to purchase more frequently.

Varying commission rates to maximize revenues

Ultimately, you know your business better than anyone else. Once you’ve identified your top marketing partners and products for the season, awarding more for superior performance or higher margins can drive greater revenues for both you and your partners. Global retailer adidas has been nailing this—varying commission rates enabled them increase revenues in the partner and affiliate marketing program by a whopping 149% and reduce cost of sale by 35%.  

Check out the full infographic and more insights here:

VIEW INFOGRAPHIC

 

Topics: Business Considerations, Technology, Data, Retail

About Partnerize

Partnerize helps the world's leading brands build powerful business partnerships that drive extraordinary business growth. The Partnerize Partner Management Platform (PMP) is an end-to-end, SaaS-based solution for forming, managing, analyzing, and predicting the future results of partner marketing programs using artificial intelligence. Hundreds of the world’s largest brands leverage our real-time technology to Partnerize their businesses. In fact, the Partnerize PMP drives and manages more than $6B in partner programs and financial exchanges across 214 countries and territories worldwide. 

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