MAY 2023
The Art of Growth
Welcome to the first installment of The Art of Growth. We are a group of growth marketing nerds that love data and storytelling. We believe that true growth for ecommerce brands comes from a holistic approach to marketing where data, technology, customers, and creative all convene to propel a brandβs growth upward.
This letter is a look into what we are reading, what we are seeing, and what we are doing as we grow our partnerβs brands. We hope you enjoy it and would love your feedback, comments, or questions.
Strategy Ideas, Tips, & Tricks
Motherβs day is one of those holidays thatβs joyous for many, but sensitive to some. Because of this, we encourage our clients to practice empathy during this time. We recommend sending a dedicated βOpt-Outβ campaign to give your well-earned subscribers a chance to disengage with Motherβs Day content, without unsubscribing from your newsletter list. Weβre fans of writing this as a text-based email from the teamβs CSM, community manager, or CEO/founder. You want to adjust your preferences page settings by creating an opt-out checkbox for users to select. Itβs best practice to create a segment of users who select this box, which youβll want to exclude from all your Motherβs Day emails moving forward. This strategy will earn you brownie points and prevent a handful of unsubscribers in the process.
Two Things Weβre Reading
βΆ Did you know that people are 82% more interested in products from a sustainable startup? Click here to find out why.
βΆ Instagram is rolling out product tagging to all users in the US, opening up new e-commerce opportunities on the app.
Industry News
βΆ Consumer spending continued to remain strong as businesses have observed that Average Order Value (AOV), the average of how much shoppers spent at checkout across the Klaviyo platform, increased 14% in Q1 of 2022 compared to Q1 of 2021.
SOURCE: KLAVIYO
βΆ Shoppers are spending more at fewer stores. For Apparel and Accessories, total orders, or the amount of purchases made by consumers in a particular quarter, decreased by 18% while AOV increased by 19% compared with Q1 of 2021.
SOURCE: KLAVIYO
Mini Case Study
Thereβs no debate that triggered abandonment emails are some of the most high-value automations in the lifecycle journey. Once set up, these flows literally do βmake money while you sleepβ. But contrary to popular belief, they arenβt emails you should set and forget. After diving into the data, we found that one of our brands in the beauty industry was producing 18% of their flow revenue from abandonment emails, which is generally low. To problem solve, we tested Attentiveβs new triggered email beta, which relies on a proprietary identity solution to capture more events. One month since the switch, our client is seeing 82% additional emails sent, which resulted in a 155% boost in revenue.
- ATTENTIVE
Meet Caitlin
Caitlin Elgin joined us in February 2022 and has raised the bar as our Head of CRM & Lifecycle. She has had a massive impact with our clients and has helped shape the way that we work together as a team. Weβre excited that sheβs representing Fluency in Brooklyn. And yes, those are egg earrings.
HOW DO YOU WEIGH A MILLENNIAL? IN INSTAGRAMS
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HOW DO YOU WEIGH A MILLENNIAL? IN INSTAGRAMS π
"IT'S NOT THE WILL TO WIN THAT MATTERS...EVERYONE HAS THAT. IT'S THE WILL TO PREPARE TO WIN THAT MATTERS."