How to analyze & optimize your post Cyber Weekend success

  • 28 November 2023
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How to analyze & optimize your post Cyber Weekend success
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The Black Friday and Cyber Monday (BFCM) shopping extravaganza demands meticulous planning and execution to deliver successful campaigns. However, the story doesn't end with the last click. As the year draws to a close, businesses are presented with a valuable opportunity to explore and refine their strategies, ensuring sustained success beyond the BFCM rush. Let's dive into how to review key BFCM data and use it to power your marketing communication after the holiday season.

 

Data Analysis

 

Let's begin by digging into the data. It is important to understand customer behavior during the BFCM period.

 

Key metrics to analyze include: open rates, click rates, conversion rates, and revenue generated from your email campaigns. It is essential to ask specific questions to gain deeper insights into your performance. Here are some questions to help guide your data review.

  • Open rates:
    • What was the overall open rate for the BFCM email campaigns?
    • How did open rates compare to previous campaigns or benchmarks?
    • Did certain segments or audience groups show higher or lower open rates?
    • What subject lines and preview text were most effective in driving opens?
    • Were there any notable variations in open rates based on the timing of your emails?
  • Click rates:
    • What was the average click rate for the BFCM campaigns?
    • Which links or calls-to-action had the highest click rates?
    • Were there differences in click rates across segments or customer groups?
    • Did the use of images, buttons, or text links affect engagement?
  • Conversion rates: 
    • What was your overall conversion rate during the BFCM period?
    • Were there specific products or categories that had higher conversion rates?
    • How did the conversion rates compare to the goals set for your campaign?
  • Revenue generated: 
    • How much total revenue did your BFCM email campaigns generate?
    • Which campaigns or segments contributed the most to this revenue?
    • How did the revenue compare to the costs associated with the campaigns?
    • Were there any unexpected patterns or trends in your revenue data?
    • What impact did discounts, promotions, or exclusive incentives have on revenue?

 

Understanding customer behavior and purchase patterns

 

Don't overlook customer behavior and purchase patterns, as they hold valuable insights to inform and optimize your post-BFCM strategy.

  • Segmentation: Categorize customers based on their behavior during BFCM. Identify high-value customers, on-time shoppers, and those who abandoned their carts. Learn how to build post-BFCM segments.

 

  • Purchase patterns: Analyze what products were most popular during BFCM. This data can guide your post-BFCM email content and promotions moving forward. 

 

Taking action:

 

Now armed with data and insights, it's time to take action and optimize your post-BFCM strategy. 

  • Email campaigns: Create email campaigns tailored to specific customer segments based on their behavior during BFCM. For example, you can target: 
    • Repeat customers:
      • Send a personalized thank-you message with exclusive offers  to customers who made multiple purchases during BFCM.
    • Abandoned carts: 
      • Craft targeted emails with incentives to encourage customers who abandoned their carts to complete their purchases.
    • First-time customers: 

 

  • Automation: Setting up automated email flows can be a game-changer for post-BFCM success. Set up flows based on customer behavior, such as:
    • Post-purchase follow-ups: 
      • Send automated thank-you emails and request reviews from customers who made a purchase during BFCM.
    • Re-engagement messages:
      •  Identify customers who haven't made a purchase since BFCM and set up automated re-engagement emails with enticing offers.

 

Analyzing and optimizing your post-BFCM success requires a keen understanding of customer behavior and an effective use of Klaviyo’s features. By leveraging data, segmentation, and automation, you can keep up the momentum from BFCM, sustaining success throughout the post-holiday season and beyond.

 

For more information around how to analyze post-BFCM data and improve key metrics, head to: Reflect on your BFCM performance

 

-Tim Akers (@Akers Digital) & Chelsea Grove (@chelsgrove )

 

Want to talk further about all things ecommerce? DM me or connect on our partner page, Akers Digital!

 


Resources available to keep learning and other resources created by Team Akers: 

https://community.klaviyo.com/show%2Dtell%2D27/how%2Dto%2Dtarget%2Dyour%2Dcustomers%2Dfrom%2Devery%2Dangle%2D6082

https://community.klaviyo.com/show%2Dtell%2D27/three%2Dkeys%2Dto%2Dunlock%2Doptimal%2Dsubject%2Dlines%2D6811

https://community.klaviyo.com/show%2Dtell%2D27/how%2Dto%2Dwin%2Dback%2Dyour%2Dusers%2Deffectively%2D5581

 


1 reply

Userlevel 4
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Love this, Tim! Great breakdown. 

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