Is Luxury Vinyl Plank Flooring Worth It for Your Home?

Home Business Magazine Online

It’s hard to deny the appeal of something like hardwood flooring in the home. They’re a classic, really, and quite pretty to look at. They’re also fairly nice to walk on, all things considered. Unfortunately, they also happen to be rather expensive.

Really, that’s the main drawback of them. Both purchasing the planks themselves and the installation are just incredibly pricey for natural hardwood. That’s probably why so many alternatives have been considered throughout the years. The question is, though, are the substitutions up to snuff?

The answer to that is a bit more complicated than a simple “yes” or “no,” though. After all, there are a few different possibilities here for alternatives to hardwood paneling. Today, we’ll be largely focusing on vinyl flooring, but we will briefly touch upon the other choices as well.

Why Don’t We Just Get Hardwood?

Now, the first thing that you might be wondering is why we should bother with these alternatives at all. It’s certainly a reasonable thing to ask – as you can see here, https://www.fs.usda.gov/ne/newtown_square/pd/rp124.pdf, the whole process of getting the traditional hardwood flooring is quite costly. It also takes a long time, which isn’t something that most of us can fit into our schedules these days.

So, there’s a pretty good reason that natural wood floors have somewhat fallen out of fashion. Even their upkeep is costly and complicated. Hence, a lot of people just don’t want to deal with them anymore. Now, we have plenty of alternatives that can achieve the same look for a fraction of the cost and maintenance requirements.

What Are the Alternatives?

dog on floor
Photo by Pixabay from Pexels

Most of us already know the answer to this query, or at least some of them. That said, it’s still worth covering them, especially to go into a bit more detail. To get into some of the basics first, just know that the alternatives to hardwood that we’ll be covering here today typically don’t involve just covering up pre-existing wood floors. Rather, they’re a different type of installation altogether.

Carpet

Let’s get this one out of the way quickly – carpet is a fairly common type of flooring that’s already in many homes. It’s far from the easiest to maintain, though, because it can get dirty incredibly quickly. Cleaning it can also be a complete disaster.

If you have pets, you probably already know how dreadful it can be when their fur ends up deep in the threads of the carpet. Although it can be nice in bedrooms for little kids to give them a bit of padding if they decide to be acrobats, it’s far from the best option you could go for.

Vinyl

Another type of alternative for hardwood floors is vinyl, which is a bit more practical most of the time. Why is that? Well, we’ll be diving into that now.

There are a few things that set it apart. For one thing, it’s a lot less expensive to install than any of the other options here. It’s also quite durable, meaning that luxury vinyl plank flooring will last you a long time no matter where you decide to have it installed. That includes businesses if you’re someone who owns one and has been considering changing the floors.

In comparison to carpets, vinyl planks will certainly last longer. Often, they’ll end up withstanding the test of time better than the wood ones too, funny enough. That’s largely because they just don’t require nearly as much maintenance to keep their shine and luster over time.

The fact that they are customizable is another point in their favor. You can emulate whatever style of wood that you’d like for them, really. So, it’s unlikely that you won’t be able to find a style that suits your needs.

Laminate

Another common substitute for hardwood is laminate. Now, this sort of flooring also tries to emulate the appearance of natural wood, but it isn’t necessarily comparable to vinyl. You see, it’s quite pricey and requires a lot of maintenance as well. Unfortunately, it can also scratch quite easily, which isn’t exactly ideal.

Is Vinyl Worth It, Though?

With all of that said, you probably already know the answer to this question. Still, though, let’s go over why vinyl is worthwhile versus the other types of flooring. Some of the information you can find on this page if you’re curious about how difficult it is to have hardwood panels in comparison.

What are the main perks of vinyl, then? Some of them we’ve already covered, but it doesn’t hurt to reiterate them. Really, the main thing is that they are simply less expensive and require less work for an extremely similar (and almost undistinguishable) final result. In that sense, it’s hard to say that it isn’t worth it.

For a bigger job, though, you may have some reservations. That’s certainly understandable. For anyone who’s running a business or is in charge of the interior design or upkeep of one, you’ve probably grappled with the decision of what flooring to use already.

Thankfully, it’s always something that can be replaced or altered, so you’re never going to be one hundred percent stuck with what you go for. So, that’s not necessarily something to worry about here. Rather, the critical thing is to consider what you will end up wanting in terms of longevity and simple maintenance, while still maintaining a good appearance.

Although hardwood might be your first instinct, consider how expensive it can be to install in a business. Let’s just say it’s not going to be cheap, especially if there are several rooms and floors that will need to be changed. Because they can be scratched so easily, too, you’ll probably end up having to purchase a coating to help prevent that.

So, if you’re someone who would prefer to avoid that hassle, then vinyl might be the way to go for you. Check out retailers and installers to find out what tools they provide you moving forward.

The post Is Luxury Vinyl Plank Flooring Worth It for Your Home? appeared first on Home Business Magazine.

Original source: https://homebusinessmag.com/lifestyles/home-improvement/luxury-vinyl-plank-flooring-worth-home/

Why Is Shopping Cart Abandonment a Problem for Retailers?

Home Business Magazine Online

Shopping cart abandonment remains one of the most significant challenges retailers face in today’s online world. An e-commerce website may look great, have an easy-to-use interface, and provide quick checkout options, but despite all these features, shoppers still abandon their shopping carts without making a purchase. This action has caused some concern for retailers worldwide, resulting in lost sales revenue and decreased customer loyalty. The average abandonment rate is more than 70%.

This results in the following:

  1. Lost sales and revenue
  2. Negative impacts on conversion rates
  3. Increased costs

At CartFox, they make it simple to recover abandoned shopping carts. This article will explore why shopping cart abandonment is a problem for retailers and explore strategies they can adopt to cut its impact on businesses.

Common Reasons for Shopping Cart Abandonment

It is essential to understand why shopping cart abandonment happens. There are many reasons why customers abandon their shopping carts, including:

  1. Unexpected costs such as shipping, taxes, or fees
  2. Long or complicated checkout processes
  3. Website errors or crashes
  4. Concerns about the security of their personal and financial information
  5. Limited payment options
  6. Difficulty navigating the website or finding the items they want

Shopping cart abandonment has become common in recent years, with studies estimating that there are up to 70% of all online shopping carts abandoned before checkout. For retailers, each abandoned shopping cart represents a lost sale and the potential loss of customer loyalty.

Another common reason for shopping cart abandonment is window-shopping behavior. Many shoppers add items to their carts without the intention to purchase; instead, they may compare prices across multiple websites or create a wishlist for future reference. This type of browsing can result in high levels of abandonment if retailers fail to entice these customers to complete the purchase process.

Regardless of its cause, shopping cart abandonment presents significant challenges for retailers looking to maximize revenue and customer loyalty through e-commerce channels. Retailers must therefore take proactive steps toward understanding why their customers leave their products in digital baskets. Hence, develop strategies to minimize this unwanted phenomenon while enhancing rather than frustrating user experience.

The Impact of Shopping Cart Abandonment on Retailers

Shopping cart abandonment is a significant issue for retailers as it directly affects their bottom line. When potential customers abandon their carts, the retailer loses out on sales revenue that could have been generated from those purchases. According to recent studies, the average shopping cart abandonment rate across all industries is around 70%. It means that for every ten shoppers who put items in their carts, only three make a purchase.

Apart from lost sales revenue, shopping cart abandonment can decrease customer loyalty. Retaining customer trust and ensuring they remain loyal is critical in today’s competitive online marketplace, where consumers have endless options. Shoppers who experience difficulties or frustrations during the checkout process are likely to take their business elsewhere rather than return to make future purchases with the same retailer.

To combat these adverse effects of shopping cart abandonment, retailers must adopt strategies that minimize this phenomenon. Such techniques include optimizing website design and user interface functionalities such as live chat support and simplified payment methods, providing incentives like discounts or free shipping upon purchase, and implementing remarketing campaigns that encourage shoppers to return and complete their transactions. By implementing these measures, retailers can increase conversion rates while retaining valued customers’ trust and loyalty.

Analyzing Shopping Cart Abandonment Statistics

Analyzing shopping cart abandonment statistics is crucial in understanding why customers abandon their carts and how retailers can mitigate this issue. One of the most critical pieces of data is the specific point at which customers leave their carts. Are they abandoning at the final checkout stage or dropping off before adding anything to their carts? Examining these patterns helps retailers determine where potential issues lie and implement targeted solutions.

Another vital statistic to analyze is whether there are trends amongst certain products or categories that tend to experience higher cart abandonment rates. Taking note of these trends can help inform future marketing efforts and product placement strategies, making it easier for shoppers to find what they’re looking for and complete their purchases.

Analyzing shopping cart abandonment statistics provides valuable insights into customer behavior and highlights areas for improvement in a retailer’s online sales pipeline. By implementing targeted solutions informed by this data, businesses can minimize cart abandonment rates, increase revenue, and cultivate long-term customer loyalty.

Real-Life Shopping Cart Abandonment: Case Studies

Real-life case studies of shopping cart abandonment provide insightful analyses of lost sales and decreased customer loyalty. One such example is the research conducted by Statista, which found that in 2020, there were approximately 88% of online retail orders abandoned before reaching checkout. The study also revealed that high shipping costs and unexpected fees were among the reasons for abandoned carts.

Another notable case is the experience of a luxury watch retailer based in New York City. The company had invested heavily in its e-commerce website, but despite this effort, it discovered that its customers were abandoning their purchases when they reached checkout. To resolve this problem, they offered free two-day shipping for all orders above a certain value threshold. As a result, their conversion rates increased, with fewer abandoned carts.

In conclusion, real-life case studies highlight the importance of understanding why shoppers leave without purchasing and taking prompt action to implement effective strategies to minimize these occurrences. By addressing issues such as high shipping costs or improving checkout processes through user-centered design practices, retailers can generate more significant revenue while enhancing customer satisfaction at every stage of their online purchase journey.

Shopping Cart Abandonment: Industry Benchmarks

According to studies, shopping cart abandonment rates in the e-commerce industry vary between 60% and 80%. These statistics have led retailers to focus on improving their strategies for tackling abandoned carts. By identifying industry benchmarks, retailers can gain insights into how they stack up compared to competitors and understand what needs to be improved.

One key metric indicating shopping cart abandonment is Average Order Value (AOV). The AOV represents the average amount customers spend on a complete purchase. Data collected by Baymard Institute shows that the average AOV of abandoned carts across sectors hovers at around $77 globally. Another benchmark metric is the recovery rate or the percentage of successful conversions from abandoned-cart campaigns. According to recent data, marketers who use an email campaign alone could achieve a recovery rate as high as 30%.

Ultimately, retailers need to understand industry benchmarks and track improvement over time through data-driven analysis to find ways of reducing shopping cart abandonment rates and achieving higher sales revenue in the long run.

shopping cart abandonment rate
Depositphotos

The Relationship Between Shopping Cart Abandonment and Checkout Process

Shopping cart abandonment directly results from the checkout process. It can be attributed to several factors, including complexity and frustration. Customers’ difficulties during checkout may discourage them from purchasing altogether. Long wait times, complicated registration processes, or lack of transparency regarding shipping costs are all friction points that must be addressed if businesses want to reduce their shopping cart abandonment rate.

Moreover, studies have shown that customers abandon their carts more frequently on mobile devices than desktops due to small screen sizes and poor user experience. Therefore, optimizing the website for mobile browsing is crucial in improving the overall user experience and reducing cart abandonment rates. By providing an intuitive interface that allows users to complete transactions quickly (and eliminating unnecessary steps), e-commerce retailers can minimize shopping cart abandonment while maintaining customer loyalty.

In conclusion, addressing the root causes behind shopping cart abandonment by streamlining checkout processes is essential for e-commerce businesses looking to boost their revenue streams in this competitive market environment. Focusing on creating a seamless online purchasing journey with easy-to-use interfaces translates into greater customer satisfaction and solidifies brand reputation over time.

Effective Ways to Reduce Shopping Cart Abandonment

To reduce shopping cart abandonment, retailers can take many steps:

1. Streamline the checkout process to make it as simple and quick as possible:

  • Removing unnecessary fields
  • Using guest checkout options
  • Minimizing the number of pages in the checkout process

2. Be transparent about all costs associated with the sale, including shipping, taxes, and fees.

3. Offer free shipping or free returns.

4. Provide many payment options to accommodate customers’ preferences. It can include credit card payments, PayPal, Apple Pay, and more.

5. Put in place security measures to protect customers’ personal and financial information:

  • Displaying security badges and trust seals
  • Using secure payment gateways
  • Implementing SSL encryption

6. Use retargeting ads, abandoned cart emails, and SMS to encourage customers to return and complete their purchases. Messages can include:

  • Personalized product recommendations
  • Discount codes
  • Sense of urgency to create a sense of incentive for customers to act

For an effective retargeting strategy, you could try CartFox. It is a platform specializing in personalized SMS messages to buyers abandoning shopping carts. You can try CartFox with 300 free SMSes.

As an e-commerce retailer, it’s essential to acknowledge that shopping cart abandonment can occur for various reasons. One effective solution is offering promotions such as free shipping or discounts for first-time shoppers, successfully reducing cart abandonment rates.

Another effective way retailers can reduce shopping cart abandonment is by simplifying the checkout process by minimizing page load time. It’s crucial to remove any possible barriers like non-needed forms and limiting navigation options during this critical phase in making a sale. Some users get frustrated when asked multiple questions repeatedly and will likely need help to complete their purchase if faced with this issue. Websites employing user-friendly interfaces allowing guest checkout without requiring registration also help create hassle-free experiences leading to customers checking out more frequently than under complicated processes.

In conclusion, there are several ways retailers can reduce shopping cart abandonment rates while optimizing customer experience on their website, resulting in increased conversions leading up towards loyal clients who continuously return for further purchases over more extended periods altogether, boosting revenue returns from your site its offerings considerably helping you achieve recognized brand status and continue growing your business both monetarily supplemented through reliable repeat consumer purchasing tendencies encouraged via simplified yet attractive buying processes inserted into your overall e-commerce design scheme implemented today could make all the difference for positive results gaining momentum exponentially bolstering sales efficacy progressively over time!

The Power of Cart Abandonment Emails and SMS

Email and SMS marketing can significantly reduce retailers’ shopping cart abandonment problem. These strategies work by sending automated messages to customers who have abandoned their shopping carts, reminding them of the items they left behind and encouraging them to complete their purchase.

Studies show that these follow-up messages effectively convert abandoned carts into sales. Emails alone boast an average open rate of 45%, with a click-through rate of around 21%. For SMS, the conversion rate climbs even higher, with some studies reporting up to a 30% redemption rate when paired with other promotional efforts.

Furthermore, these personalized communications can also increase customer loyalty, showing that the retailer is actively reaching out and providing helpful reminders about products customers may still need. By implementing email or SMS campaigns targeting those who have recently abandoned their carts, retailers can recover lost revenue while improving overall customer satisfaction and retention rates.

The Benefits of Remarketing

One of the key benefits of shopping cart abandonment remarketing is that it gives retailers a chance to recover lost sales revenue. By reaching out to potential customers who left items in their carts, retailers can encourage them to return and complete their purchases. It is particularly effective when combined with targeted promotions or incentives, such as discounts or free shipping offers.

Another advantage of shopping cart abandonment remarketing is that it provides valuable insights into customer behavior. E-Commerce store owners can use analytics tools to track and analyze data related to abandoned carts, such as the most common products left behind, the stage at which shoppers drop off, and even demographic information about those who abandon their carts. This information allows retailers to understand better what might be causing shoppers to abandon their carts and make necessary adjustments.

Overall, shopping cart abandonment remarketing represents an essential opportunity for retailers looking to boost their sales revenue and build stronger customer relationships. By implementing targeted marketing strategies focused on abandoned cart recovery efforts, businesses can recoup lost sales while gaining valuable insight into customer preferences and behaviors.

Online shopping
Depositphotos

Optimizing the Shopping Cart Page

Optimizing the shopping cart page is crucial for retailers to reduce abandonment and improve sales. It’s necessary to ensure that the shopping cart page has a clear and concise summary of the items added by the shopper. It includes displaying images of products, the quantity chosen, color and size preferences selected, and their corresponding prices.

Furthermore, providing shoppers with multiple payment options can make it easier for them to complete their purchases. For instance, including trusted third-party payment services such as PayPal or Google Pay could increase customers’ confidence in your website’s credibility and security.

Transparent shipping information on the shopping cart page is equally essential because unexpected additional costs are one of the primary reasons online shoppers abandon carts. Displaying customizable delivery details like expected delivery dates or shipping estimates could persuade customers to complete purchases instead of searching elsewhere.

Incorporating these strategies into an optimized shopping cart page design can significantly reduce abandonment rates while increasing customer satisfaction and loyalty toward your brand.

Utilizing Exit Intent to Prevent Cart Abandonment

One effective strategy for reducing shopping cart abandonment is to utilize exit intent technology. This feature tracks a shopper’s mouse movement on the website and detects when they are about to leave the site without making a purchase. Once their intention to leave is recognized, exit intent can trigger a pop-up message offering an incentive or discount code that may entice shoppers back into their carts.

Implementing this tactic not only reduces cart abandonment rates but also provides an opportunity for retailers to connect directly with customers who would have otherwise left quietly. It creates a more personalized and engaging experience, ultimately increasing customer satisfaction and loyalty.

In conclusion, utilizing exit intent technology offers numerous benefits for businesses combating shopping cart abandonment in today’s highly competitive e-commerce landscape. By using this tool effectively, online retailers can deliver better shopping experiences, increase revenue streams, and foster stronger relationships with their shoppers.

Implementing Security Measures for Customer Safety

One of the primary reasons shoppers abandon their carts is concerns about online security. Given the rise in cybercrime and data breaches, consumers are increasingly cautious when providing personal and financial information over the Internet. To address these concerns, retailers must prioritize implementing robust security measures that protect customer data and provide a sense of trust.

Some effective strategies for safeguarding customer information include using SSL (Secure Socket Layer) encryption technology, requiring strong passwords, enabling two-factor authentication, and conducting regular vulnerability scans. Retailers should also ensure that their website complies with industry standards such as PCI DSS (Payment Card Industry Data Security Standard), which sets out requirements for handling credit card details securely.

By prioritizing consumer safety through enhanced security measures, retailers can reduce shopping cart abandonment rates by reassuring customers that their information is safe. A secure shopping experience can drive sales and foster long-term loyalty with consumers who appreciate a company’s commitment to privacy protection.

Providing Several Payment Options

One effective strategy to combat shopping cart abandonment is by providing several payment options. Customers value flexibility and convenience, so offering multiple payment methods such as credit cards, PayPal, Apple Pay, or Google Wallet can increase the chances of completing a sale. It is important to note that not all customers will have access to or feel comfortable using traditional online payment methods. By incorporating various options into your e-commerce site’s checkout process, you can cater to different customer preferences and facilitate a smooth transaction.

Another benefit of providing multiple payment options is increased trust in your website. When customers see familiar and secure payment processing names during checkout, they tend to feel more confident about the legitimacy and security of the website. This trust element helps reduce anxiety surrounding giving away sensitive personal information like banking details or credit card numbers on an unknown platform. Ultimately, it reassures customers that their data won’t be misused by allowing them to choose their preferred transaction mode effortlessly without worry.

Conclusion

In conclusion, shopping cart abandonment is a problem for retailers, leading to lost sales revenue and decreased customer loyalty. Retailers need to understand that there are numerous reasons why customers abandon their carts, including unexpected shipping costs, complicated checkout processes, and a need for more trust in the website’s security systems. Therefore, online merchants must build customer relationships by providing personalized experiences while shopping on their e-commerce platforms.

Retailers can implement various strategies, such as abandoned cart emails and retargeting ads, to minimize the impact of shopping cart abandonment. Offering discounts or free shipping codes through these methods may entice customers to complete their purchases. Additionally, simplifying the checkout process by removing unnecessary steps and providing multiple payment options could go a long way in reducing instances of abandonment.

In conclusion, addressing shopping cart abandonment should be an ongoing effort for retailers looking to grow revenues on e-commerce platforms; every step towards minimizing this issue counts towards building a loyal customer base while maximizing sales revenue. And CartFox can help you with that.

The post Why Is Shopping Cart Abandonment a Problem for Retailers? appeared first on Home Business Magazine.

Original source: https://homebusinessmag.com/businesses/ecommerce/site-management/shopping-cart-abandonment-problem-retailers/

5 Benefits of People Search Engines for Businesses

Home Business Magazine Online

When the stakes are high to give your business an edge that sets you apart from the competition, you may want to consider using specific people search engine tools that are at your disposal. A people search engine offers many benefits to businesses that range from ad campaigns and B2B marketing to collecting information, staying in touch with industry updates, and checking in on what your competitors are doing.

Using a trusted and accurate people search engine such as numbertrackerpro.com can prove a valuable tool that can help improve customer service, perform market research, and refine advertising strategies.

Discover the top 5 benefits of using a people search engine to boost your business.

1. Better Search Engine Optimization

Search engine optimization or SEO is a technique that optimizes your company website to help it rank higher in search engine returns. Most people who search for services or products don’t make it past the first page or two of internet search results. That’s why it’s important to create high-quality, trusted, and relevant content packed with keywords that are going to connect with users’ searches.

When you employ a people search engine, you can figure out what keywords people are using to find the services or products that they want to buy. Getting the keywords right can help you optimize your content to get the best results.

2. Increase Relevant Search Results

The next thing that companies want to focus on is getting your website to show up in relevant search results. It’s frustrating for users to type in search terms and get results that don’t reflect what they are looking for. This occurs because many businesses only use a generic search without using people search tools that to customize results based on their demographics.

Using this kind of intelligent search engine can help your company match with a potential customer’s search question based on natural language keywords. This can help clients who may not know about your product or service, or who type their query incorrectly, to still match with your result in real-time.

3. Base Your Ads on Customer Data

Use an intelligent people search engine that’s powered by AI technology to collect general data about user browsing history, age, gender, area, and buying preferences. You can use people search engine tools to leverage user demographics to your advantage.

These tools help you discover why customers prefer to buy one product or service over another. It can also connect your ad campaign with users across multiple platforms and social media sites to help customers learn about things that they didn’t know that they needed or wanted.

Your company can use common keywords gathered from user data to engage in a direct kind of advertising that reaches clients who have indicated by their searches or purchases that they are interested in your offer.

4. Boost Your Ranking

In simple terms, using a people search engine can help you get found online through ranking.

Once a website search has applied the keyword parameters to match your company with a customer’s terms, it then ranks relevant results on the page. Higher rankings are found on the first page or two of search results.

Data reports demonstrate that businesses that rank on the first page of internet search results are clicked on more often since most people don’t want to spend time going through pages of results.

Here’s where people search engines come in. An intelligent people search engine can help boost your ranking based on users’ observed behavior. For instance, if someone has clicked on Amazon’s website, the company will rank higher on the webpage than other associated results. People search engines gather first-party data about potential customers instead of relying on third-party cookies to track users’ search history information to better customize results.

5. Hire the Right Employees

One of the top benefits associated with using people search engines is the ability to do your own background checks for potential new hires.

Just input a potential employee’s name into a people search engine to reveal layers of information about the candidate that can include news, career history, private websites, or social media profiles. Use a people search to get a more complete picture of potential employees that can help you decide if they are a good fit for your company.

If the applicant has a popular name, it may take a little more digging to separate your client from people who have the same name. This method can ensure that you know about any issues up front and have a better perspective on a potential new hire before you proceed with the next step.

Final Thoughts

People search engines provide intuitive internet searches that can help businesses gather information and data on customers, industry trends, and prospective employees.

Using a people search engine is a beneficial way to optimize search returns and customize company ad campaigns to connect your service or product to potential customers within your target audience.

The post 5 Benefits of People Search Engines for Businesses appeared first on Home Business Magazine.

Original source: https://homebusinessmag.com/businesses/success-tips/5-benefits-people-search-engines-businesses/

Amazon plans to add generative AI to its search experience

Amazon is hiring – with the goal of making generative AI part of its product search experience.

Job details. Amazon is searching for promising talent in software engineering and search marketing to reimagine search and create a seamless experience on their ecommerce platform. According to Amazon’s listing:

  • “This will be a once in a generation transformation for Search.”

Reinventing Amazon search. Amazon also wants to create “a new AI-first initiative to re-architect and reinvent the way we do search through the use of extremely large scale next-generation deep learning techniques,” according to the job description, as reported by Bloomberg.

Why we care. Amazon is the go-to product search engine. This means brands, marketers and sellers should watch developments around Amazon’s product search, as changes could significantly impact how products are found and purchased.

What Amazon is saying. Amazon’s spokesperson Keri Bertolino declined to speak with Bloomberg but wrote in an email, “We are significantly investing in generative AI across all of our businesses.”

This is true. We recently reported on how Amazon is working on AI tools to generate videos, images for advertisers.

The post Amazon plans to add generative AI to its search experience appeared first on Search Engine Land.

Original source: https://searchengineland.com/amazon-generative-ai-product-search-experience-424371

50% of product searches start on Amazon

Amazon continues to be the most popular starting point for online shoppers with one exception – Gen Z, according to a new survey.

Why we care. Nearly all consumers research purchases online and rely heavily on ratings and reviews. So it remains absolutely critical to be visible on any relevant platforms at moments when shoppers are researching and purchasing products.

By the numbers. Here’s where respondents said they start searching when shopping online:

  • Amazon: 50%
  • Google: 31.5%
  • Retail or brands websites: 14%
  • Reviews websites: 2%
  • Social media: 2%

But. For Generation Z, Google bested Amazon (38% vs. 36%, respectively). Gen Z was also the most likely group to start their shopping journey on social media (5%).

Reviews and ratings. Reviews and ratings can make or break a sale more than any other factor, including product price, free shipping, free returns and exchanges, and more.

Overall, 77% of respondents said they specifically seek out websites with reviews – and this number was even higher for Gen Z (87%) and millennials (81%).

  • Ratings without accompanying reviews are considered untrustworthy by 56% of survey respondents.

Where people read reviews and ratings:

  • Amazon: 94%
  • Retail websites (e.g., Target, Walmart): 91%
  • Search engines: 70%
  • Brand websites (the brand that manufactures the product: 68%
  • Independent review sites: 40%

User-generated photos and videos gain value. Sixty percent of consumers looked at user-generated images or videos when learning about new products. 

  • 77% of respondents said they trust customer photos and videos.
  • 53% said user-generated photos and videos from previous customers impacted their decision whether to purchase a product.

Google (and search). 56% of consumers consider search results (on Google and other search engines) when making purchase decisions. Also:

  • 63% of respondents said they use search engine results to learn about products they haven’t purchased before.
  • 50% said they trust search engine results when making a purchase decision.

Bottom line. Amazon continues to be the go-to product search engine for consumers. And ratings and reviews are king.

About the survey. PowerReviews surveyed 8,153 U.S. consumers in March 2023. It skewed heavily toward millennials, who made up 53% of respondents, followed by Gen X (29%); Baby Boomers (10%) and Gen Z (8%). You can learn more in the full results from PowerReviews: Survey: The Ever-Growing Power of Reviews (2023 Edition).

The post 50% of product searches start on Amazon appeared first on Search Engine Land.

Original source: https://searchengineland.com/50-of-product-searches-start-on-amazon-424451

Meta advertisers will soon get access to generative AI tools

Meta has introduced the AI Sandbox, which will bring generative AI to its advertisers.

Meta’s three new generative AI features. Select Meta advertisers can now create text variations, generate images from prompts and adjust image sizes – all with the ultimate goal of making the ads more engaging.

Text variation. Simply enter your ad copy and Meta will suggest several ad copy variations to test. You can click decide whether the suggestions are “Not Great” or “Looks Good.”

What it looks like:

artificial intelligence

Background generation. You can use text prompts to describe the background appearance or style you want. This would allow you to test various images and test their impact on performance.

Facebook

Image outcropping. This tool will let you adjust your assets to fit different aspect ratios across Facebook and Instagram surfaces (e.g., Stories, Reels).

Why we care. These generative AI tools could potentially improve the performance of your Facebook advertising and save you time. But, as with any tool, it will be important to test and monitor the outputs, as we all know generative AI is far from perfect.

More access in July. These new generative AI features are only available to a small group of advertisers. That will change in July, which is when Meta said it will expand access to more advertisers.

The post Meta advertisers will soon get access to generative AI tools appeared first on Search Engine Land.

Original source: https://searchengineland.com/meta-ai-sandbox-advertisers-418744

Iceland giving away a year’s supply of chicken – here’s how to claim

Iceland giving customers a year’s supply of chicken– here’s how to claim 

Frozen supermarket Iceland has launched a new VIP card that allows people to get unlimited shopping for a whole year. Following in the footsteps of the popular chicken restaurant Nandos, this VIP ‘black card’ will give customers the ability to purchase one of 215 select frozen items for a full 365 days. 

Just five of these cards will be hidden across stores in the UK. However, there is no indication of which stores these cards will be hidden in – so keep an eye out! These cards are named V.I.C – Very Important Chicks. If you find a V.I.C. card, show it to a member of staff to verify your win. 

The initiative will be particularly helpful for households struggling with the ever-soaring price of food. Iceland said it particularly wants to celebrate mums. However, you don’t have to be a mum to find one, anyone can win. 

year's supply of chicken at Iceland

The card can be used to purchase from a huge selection of frozen chicken products, fit for all the family. This includes mouth-watering choices from Iceland branded food, as well as special options from its partnerships, such as that of My Protein and TGIF. 

On the Iceland social media pages, the company also encouraged its shoppers to nominate someone to win a V.I.C. card. If you know someone who deserves to win a card, head over to the Iceland Instagram page and tag them in the comments. The supermarket will announce the winner nominated via Instagram on May 23rd.  

Samuel Robbins-Wells, Head of Category at Iceland said:  

“Unlike other brands, our V.I.C card is created with mums in mind. We wanted to give back to the V.I.Cs who come to our stores for their weekly shop. 

“As the home of many amazing partnerships and exclusives, all shoppers who visit us instore and online can make the most of the value we offer and pick from our varied range of frozen products to find something the whole family can enjoy.” 

 

Happy hunting and good luck!

The post Iceland giving away a year’s supply of chicken – here’s how to claim appeared first on MoneyMagpie.

Original source: https://www.moneymagpie.com/make-money/iceland-giving-away-a-years-supply-of-chicken-heres-how-to-claim

Search ad conversion rates down, cost per lead up in 2023

Paid search advertising conversion rates have decreased across nearly all industries year over year. Meanwhile, the cost of generating leads through search ads continues to increase, although not as drastically as in prior years.

That’s according to a new 2023 search advertising benchmark report from LocalIQ’s WordStream. It features data on the average conversion rate, cost per lead (CPL), click-through rate (CTR) and cost per click (CPC), compared to 2022.

Why we care. It’s good to understand whether you doing better or worse than your competitors in paid search so you can optimize for better results, at a lower cost. As always, in PPC, you want to always strive to be better than average.

Conversion rate: 7.04%. Only two industries (Beauty and Personal Care, Education and Instruction) avoided a decrease in conversion rate from search ads. Some of the decreases were significant, WordStream reported (e.g., Arts & Entertainment was down 36.2% YoY and Apparel, Fashion and Jewelry was down 34.9% YoY).

Industries with the highest conversion rates:

  • Animals and Pets: 13.41%
  • Physicians and Surgeons: 13.12%
  • Automotive Repair, Service, and Parts: 12.61%.

Industries with the lowest average conversion rates:

  • Apparel, Fashion, and Jewelry: 1.57%
  • Furniture: 2.57%
  • Real Estate: 2.88%

CPL: $53.52. The only two industries to see a CPL decrease were Automotive Sales (-8.6%) and Beauty and Personal Care (-3.9%).

  • 91% of industries saw an increase in CPL as well as a decrease in conversion rate, WordStream reported.

Industries with the highest CPLs:

  • Career and Employment: $132.95
  • Attorneys and Legal Services: $111.05
  • Furniture: $108.85

Industries with the lowest CPLs:

  • Automotive Repair, Services and Parts: $21.12
  • Animals and Pets: $23.57
  • Shopping, Collectibles and Gifts: at $31.50.

CTR: 6.11%. CTR increased for all but two of the industries, according to the report. Only Business Services and Industrial and Commercial industries decreased, but WordStream noted these “weren’t as significant as the increases other industries faced.”

Industries with the highest click-through rates:

  • Arts and Entertainment: 11.78%
  • Sports and Recreation: 10.53%
  • Travel: 10.03%.

Industries with the lowest click-through rates:

  • Attorneys and Legal Services: 4.76%
  • Home and Home Improvement: 4.80%
  • Business Services: 5.11%.

CPC: $4.22. CPC increased for 14 industries, decreased for 8 industries, and stayed the same in Apparel, Fashion, and Jewelry. 

The industries with the highest costs per click:

  • Attorneys and Legal services: $9.21
  • Dentists and Dental Services: $6.69
  • Home and Home Improvement: $6.55.

The industries with the lowest CPC:

  • Arts and Entertainment: $1.55
  • Real Estate: $1.55
  • Travel: $1.63

2023 search advertising benchmarks. Here’s the data, broken down by category:

Audience measurement

You can dig deeper into YoY data in WordStream’s Google Ads Benchmarks 2023: Key Trends & Insights for Every Industry.

About the data. A total of 17,253 U.S.-based search advertising campaigns in 23 industries, running between April 1, 2022, and March 31, 2023, were analyzed. The search ad benchmarks are based on Google Ads 80% as well as Microsoft Ads (20%).

The post Search ad conversion rates down, cost per lead up in 2023 appeared first on Search Engine Land.

Original source: https://searchengineland.com/google-ads-bechmarks-2023-conversions-cpl-ctr-cpc-422832

Google Bard adds genuine citations in responses and more concise summaries

Google Bard has added classic and more genuine citations to the answers it provides and also is able to provide better summarization. We do not yet see these improvements and enhancements live yet but Jack Krawczyk from Google shared some examples on Twitter.

Citations improved. Google Bard now shows sources with numbers, like true citations, next to the responses. You can click on the numbers to see the source for that information. “Bard can now help you identify which parts of a response match a source. For the responses with sources, you’ll see numbers alongside the response. By clicking on the numbers you will now be able to identify the section of the text that matches the source and easily navigate to it.,” Google posted in the Bard changelog.

Here is a screenshot from Jack Krawczyk showing the numbers on the left side, with a “learn more” linked below.

Bard

Concise summaries. Google also updated Bard with more advancements to its large language models to get better at providing better summarizations for answers. ” Bard is “better at summarizing information, which is especially helpful when you want to get the gist of a topic quickly,” they posted in the Bard changelog.

Here is a screenshot from Jack Krawczyk showing the summary:

Culture

Why we care. Citations and links to sources are a big concern for publishers and the overall web ecosystem. Google is trying to address some of that with this update to offer more links in the Google Bard responses. Also, better summarizations with improvements to the LLMs Google has is useful and exciting to see, especially over time.

Postscript. I found a few examples of citations, they are hard to find and they are not as good as Bing Chat just yet. Here is one example and the page Bard links to has not existed in over a year, according to the Wayback Machine.

Google

The post Google Bard adds genuine citations in responses and more concise summaries appeared first on Search Engine Land.

Original source: https://searchengineland.com/google-bard-adds-genuine-citations-in-responses-and-more-concise-summaries-423143